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Build Credit in your Name
If you have delinquent credit and are married, you might want to build your credit in your name instead of using your spouse. Somebody has to have stability. Also if you are divorced and all the credit cards of credit information are in your...
Every company, whether big or small, needs to obtain a business credit card
As a business person working in a competitive environment, owning a business credit card is crucial, especially in today’s world where every credit card company is fighting for your business. If you are like many business owners that think that...
How To Apply For A Credit Card Online
The average American mailbox gets sales pitches from credit card
companies at about two a day. With this overload of information,
choosing the best product that fits your needs can get pretty
overwhelming. The sheer number of brochures and...
Secured Loan for People with Bad Credit History
Are you facing problem getting a loan, just because you have a
bad credit history? If yes, then there is good news for you. Now
you can avail a loan specially designed for people like you,
popularly known as "Bad Credit Secured Loan".
A...
SuperCharged Secret 2, Credit Card Utopia
INTEREST BEWARE, THERE’S SAFETY IN NUMBERS!
Note: The following is part 2 of a 5 part series, Over the course of these 5 articles, I am going to introduce you to several methods for maximizing the use and benefits of the best Credit Cards and...
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How to Improve your Credit Score Quickly
If you are like lots of people these days, you are thinking of shopping for a new home or new vehicle. Why? Because interest rates are still the lowest they have been in 40 years, and now is a better time than any to get financing. I just bought an RV myself, and I remember the nervous feeling while they pulled my credit score at the dealer. 668 *whew*. Not bad as it turns out.
Many people don’t plan ahead when shopping for a loan to get the best credit possible. A lower credit score (one below 620 or even 650) can mean the highest interest rate and highest monthly payments. A score of above 720 means the lowest rates possible. Having the best credit score you can have means saving thousands of dollars over the life of your loan. How can you raise your credit score in a quick period of time, and save?
There are several ways to improve your credit score in a week or less. One is called the "rapid rescore" process, offered through your mortgage officer only, by a company called Access. With this system, you must do legwork to change your credit report contents yourself, within a week. So for instance, you might have to pay off certain collections or liens within a week to change your credit report contents. The rapid rescore process gives your credit score a second look at the end of a week so any improvements will show on your second credit score. The drawbacks of this process if you can only do it through a mortgage broker, and also, you must have something that you can improve quickly on your report such as paying off a collection or a card balance.
Another way to improve
your credit score quickly is to use techniques to temporarily "bump up" your credit score. I talk about these in my ebook "Improve Your Credit Score In 24 Hours". I also provide special phone and fax number info. Depending on which creditors and credit bureaus you use you can many times cause your credit a temporary "boost". Techniques like this are a great "survival skill" in your credit career.
For "do-it-yourself" credit repair, here are some tips: first, pay off your collections. Even the smallest collection item like a $40 parking ticket can bring your score up 15-30 points. Get a letter from your creditor that says "collection paid" or "collection deleted". Fax the letters to the bureaus if possible, talking to them on the phone and coordinating a quick change in your scores. Second, you should have 3 unsecured lines of credit but no more, so if you have extra credit cards you’ve been meaning to close, close them. You’d be surprised how these can boost your score as well.
People are getting more financial savvy these days with gurus like Suze Orman telling folks about their FICO score (another term for credit score). I think it is good because having credit knowledge before you make large purchases like for homes or cars can save you thousands of dollars and put more money where it belongs, your investment future.
About the Author
L. K. Hughes is the author of "Improve Your Credit Score In 24 Hours".
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| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
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| AnnualCreditReport |
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| Springboard - Non-Profit Consumer Credit Management |
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| Experian: Free Credit Report and Credit Score, Credit Check ... |
| Credit referencing and consumer targeting for the USA and other countries. |
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| 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. |
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| 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" ... |
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| Credit (finance) - Wikipedia, the free encyclopedia |
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| 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 ... |
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| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
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| The Credit Card Prank |
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| Credit magazine, corporate bonds, derivatives, structured credit ... |
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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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