|
|
|
Bad Credit Credit Cards
People who have bad credit have many more credit card options today than they did just a few years ago. Maybe this is contributed to the theory of supply and demand or maybe the credit card companies just realized how much more money they can make...
Credit Cards - Friend or Foe?
These days nearly everyone has a credit card and you've probably
heard many stories about people who have overcharged and gotten
into trouble with them. But credit cards are not all bad, they
can be very convenient and have advantages over...
Good FICO Credit Score? Tips To Getting The Most Out Of Your Home Mortgage Loan With Good Credit
Sometimes so much is talked about how to solve the problem of having bad credit, but what about when you have an excellent credit rating? Good credit is considered to be a credit score of 650 or higher. How can you get the best interest rate and...
Home Equity Line of Credit – Great for Remodeling Projects
Many homeowners are lucky enough to find a house that represents exactly what they want in a home. They buy it, make the payments on it, and live more or less happily ever after. Others are not so fortunate. Some buyers who live in a pricey market...
SuperCharged Secret 5, Credit Card Utopia
LIVING IN CREDIT CARD UTOPIA
Let’s just take a brief moment to recap:
If you’ve been following along on this journey with me, learning the 5 Super-Charged secrets to Credit Card Utopia, then you now know 4 very important things:
...
|
|
| |
|
|
|
|
|
|
Home Owners: Avoid Complications In Credit Repair
Avoiding complications in credit repair is almost important as
getting out of debt.
When we have bills that were neglected simply because we didn't
have the money to pay the bills, or else we purchased items
instead of paying the bills, we are in debt.
If you are considering a Home Equity Loan to get out of your
current mortgage...DON´T!
Why? Simply because most Home Equity Loans get you deeper in
debt and once you are obligated you will find the problem is
more complicated than we you applied for the loan.
Lenders often target home owners with financial difficulties
offering them high interest rates and making them believe it is
a solution for debt relief. In most cases, this is where
foreclosures come in, or selling homes come into place. The
solution is only an option to get you in debt deeper. One
solution then is for homeowners to consider the Reverse Mortgage
Loans.
This type of loan is often as equity against your home,
belongings, and so on. The loan offers a 'cash advance' solution
and requires that the owner does not pay on the mortgage until
the end of the mortgage term or when the home is sold.
Most lenders provide a lump sum advance, a line of credit, or
else a monthly installment to the home owners. Some lenders even
offer a combination to the homeowners. This is certainly a good
solution for repairing your credit, and building your credit to
a new future.
The downside is that Reverse Home Mortgage Loans often are more
suitable for the older generation of people that have built
equity over the years in their homes. Another disadvantage is
that almost all home loans require upfront payments, such as
title, insurance, application fees, origination fees, interest
and so on.
Therefore, it pays to ask questions and shop around before
taking out another loan to repair or build your credit. Fannie
Mae Home Keeper Mortgage Programs are one of the many that offer
a Reverse Home Mortgage Loan. Another option for paying off your
debts and repairing your credit is to borrow the money from
family members or friends.
If you
have someone that trusts you enough to loan you the money
to get out of debt, it is often better than getting a loan.
There are several options or questions you must consider before
asking family members or friends to loan you the money to build
or repair your credit.
One of those questions should be the obvious. Can these people
afford to lend me the money to get out of debt? Are these people
kind enough to loan you money without putting high demands on
you. Of course there may be interest involved, but remember they
are loaning you money they could be spending on their own bills.
Is it possible that you can repay the loan without complicating
your situation further? Can I repay these people that loan me
the money to free myself of one debt? How long do I have to
repay the loan? Make sure there are no extra complications
before asking friends or family for money to help get you out of
debt.
One of the best solutions for finding a way to repair your
credit is searching the options to make the money yourself. If
you have a mortgage payment and struggling each month to make
ends meet, you might want to sell your home. Many homeowners go
for this option simply because they make more money in the long
run.
Once they sell their home they are often able to repay their
mortgage loan and then take out a loan for another mortgage more
affordable. If you decide to sell your home to repair your
credit and get out of debt, be sure that you look around for the
best possible solutions in order to prevent further
complications.
Make sure you know how much is owed on your home before you set
a price for resell. If there are any repairs that are minor or
major, try to repair them first before selling. If you can't
afford to repair the home, try to do minimal repair so that you
can up the price of the home you are selling.
About the author:
Jonny Goldmann is the founder of several businesses, an
entrepreneurship advisor, public speaker, and an author. Just
visit: http://my-p
ersonal-finance-advice.blogspot.com
|
|
|
|
|
| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
| Credit.com offers a variety of credit related products and services including credit reports and credit scores, credit cards, car loans, home loan and ... |
| www.credit.com |
|
| 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 ... |
| www.equifax.com |
|
| The FTC's web site on Credit |
| Credit is much more than a piece of plastic, and the resources on this site can help you become a more savvy consumer. You’ll also find compliance ... |
| www.ftc.gov |
|
| Federal Trade Commission - Consumer Credit Center |
| Features an assortment of helpful articles related to credit issues. |
| www.ftc.gov |
|
| 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. |
| www.annualcreditreport.com |
|
| Springboard - Non-Profit Consumer Credit Management |
| Our mission is simple: To offer education on the wise use of credit. ... SPRINGBOARD has been approved to provide credit counseling services and issue ... |
| www.credit.org |
|
| myFICO - FICO Credit Scores, Online Credit Reports and Identity ... |
| myFICO.com: Get your Free credit report and Free credit score with a 30-day trial of Score Watch. All three FICO Scores and Credit Reports Available now ... |
| www.myfico.com |
|
| Credit Suisse Global |
| Credit Suisse Group is an international financial services group. - Shares part of SMI. |
| www.credit-suisse.com |
|
| Experian: Free Credit Report and Credit Score, Credit Check ... |
| Credit referencing and consumer targeting for the USA and other countries. |
| www.experian.com |
|
| National Credit Union Administration - Home Page |
| An independent federal agency that supervises and insures 7152 federal credit unions and insures 4240 state-chartered credit unions. |
| www.ncua.gov |
|
| Credit - Wikipedia, the free encyclopedia |
| Debits and Credits, a type of bookkeeping entry; Credit (creative arts), acknowledging the ideas or ... Retrieved from "http://en.wikipedia.org/wiki/Credit" ... |
| en.wikipedia.org |
|
| 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 ... |
| en.wikipedia.org |
|
| The National Foundation for Credit Counseling |
| DebtAdvice.org is a service provided by the Members of the National Foundation for Credit Counseling (NFCC), most of them known as Consumer Credit ... |
| www.nfcc.org |
|
| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
| FreeCreditReport.com: Free credit reports and credit scores from Experian. Get your free credit report and credit score now. It's free, fast, and easy! |
| www.freecreditreport.com |
|
| Compare credit cards | apply for a credit card | 0% balance ... |
| Compare over 300 credit cards, including 0% offers and balance transfers, and make a credit card application online... |
| www.moneysupermarket.com |
|
| 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. |
| www.fordcredit.com |
|
| The Credit Card Prank |
| In my lifetime, I have made nearly 15000 credit card transactions. ... Credit card signatures are a useless mechanism designed to make you feel safe, ... |
| www.zug.com |
|
| Credit magazine, corporate bonds, derivatives, structured credit ... |
| Credit magazine provides information on the international credit markets for credit investors, issuers and market professionals. |
| www.creditmag.com |
|
| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
|
| 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, ... |
| credit.about.com |
|
|