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Avoiding College Credit Card Traps
Avoiding College Credit Card Traps Copyright 2005, http://www.yourfreecreditreportnow.com Author: James H. Dimmitt Congratulations college freshman! You’re about to embark on one of the most exciting times of your life. By now your parents,...
Credit Repair Help
When it comes to life the majority are always assuming, and the
most of them assume the worst. Creditors, debtors or anyone
today all base their theories on assumptions and assumptions
from the beginning of time have caused nothing but failure....
Home Equity Line of Credit – Great Idea for Rainy Day Emergencies
Most Americans tend to live on a paycheck-to-paycheck basis, and the typical household has nearly $10,000 in credit card debt. Adding to that is the fact that Americans are saving money at the lowest rate in history. We spend what we earn, when we...
Understanding your credit report
If you have never read your credit report it can be a little
difficult to understand at first glance but the good news is
that your credit report gives you all the information you need
to strengthen your credit, where you need to work on...
Your Credit Rating and How to Check It
There is a lot of confusion surrounding UK credit ratings, credit scores, credit blacklists, credit reports, and credit files. This guide to your credit rating aims to give you the facts you need. What's in a Credit File There are two major...
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Home Loans For People With Adverse Credit History
Whether you are planning to purchase a home for the first time or refinance an existing mortgage, plan on comparing lending companies before you accept a financing offer if you have adverse credit history. Sub prime lenders specialize in offering loans to people who have a high-risk credit history. In return for accepting this risk, they charge higher rates and fees.
But not all sub prime lending companies offer competitive rates. Lenders can stack fees into the loan or charge excessively high interest rates, so it is best to compare financing offers.
Check Online
Mortgage websites offer a convenient and competitive way to gather financing quotes. Through such websites, lending companies know they are in direct competition with others, so they offer their best quote. You can also complete your loan application online once you have chosen a competitive offer.
Compare Rates
Interest rates can vary a couple of percents between lending companies. Over the lifetime of your loan that can add up to thousands of dollars. When comparing rates, make sure that you gave out the same information. Differences in loan amount, down payment, and income level affect rates.
Look At The Fees
Fees should be included in the price of the loan when you are comparing prices. Adverse
credit will result in some fees, but they should not be excessive. You should expect to pay up to five points for most loans. There are always exceptions to this rule, but comparison shopping should give you an idea of what is reasonable.
Details Count
Once you have a competitive financing offer, be sure to read the terms. Some lending companies charge high fees for late or missed payments. While late fees are common, they should not be extreme. If you have any questions, contact the lending company and they will answer your questions.
Include A Down Payment
A down payment between 5% and 20% is usually required for people with a credit score less than 600. If you provided a down payment larger than the minimum, you can often get a better offer. In addition, a down payment of 20% or more will save you from the expense of PMI.
To view our list of recommended bad credit or subprime mortgage lenders online, visit this page: Recommended Subprime Mortgage Lenders Online.
About the Author
Carrie Reeder is the owner of ABC Loan Guide, an informational website with articles and the latest news about various types of loans.
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Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
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Equifax Personal Solutions: Credit Reports, Credit Scores ... |
National consumer credit reporting company that offers credit reports, FICO(R) credit scores and identity theft protection products to consumers and small ... |
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The FTC's web site on Credit |
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Federal Trade Commission - Consumer Credit Center |
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AnnualCreditReport |
Site set up by the big three credit reporting agencies in the United States, to furnish free annual credit reports, as required by federal law. |
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Springboard - Non-Profit Consumer Credit Management |
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myFICO - FICO Credit Scores, Online Credit Reports and Identity ... |
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Credit referencing and consumer targeting for the USA and other countries. |
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National Credit Union Administration - Home Page |
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Credit - Wikipedia, the free encyclopedia |
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Credit (finance) - Wikipedia, the free encyclopedia |
Any movement of financial capital is normally quite dependent on credit, ... Sometimes if a person has financial instability or difficulty, credit is not ... |
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The National Foundation for Credit Counseling |
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FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
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Compare over 300 credit cards, including 0% offers and balance transfers, and make a credit card application online... |
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Ford Credit - Auto financing for Ford, Lincoln and Mercury cars ... |
Ford Credit provides auto financing to finance a lease or purchase a car or truck through Ford, Lincoln or Mercury dealerships. |
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The Credit Card Prank |
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Credit magazine, corporate bonds, derivatives, structured credit ... |
Credit magazine provides information on the international credit markets for credit investors, issuers and market professionals. |
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CUNA: The Credit Union National Association |
News and resource directory about credit unions. |
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Credit/Debt Management - Tools and Advice for Managing Credit and Debt |
Drowning in debt? Trying to improve your credit score? This is the place for you. Get real world information and tips, as well as the legal low down, ... |
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