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Avoiding Declines by Repairing Credit
Sorry you are declined...Have you ever heard this before when
you went to apply for a loan or a credit card? If you have, this
means that your credit files has some negative reports and it is
time to clean up your act. Credit files are a report...
Bad Credit Home Loan - How To Get A Good One?
Getting a home loan with a bad credit has never been easier. Here are some of the tips recommended by experts to improve your chances of getting a home loan: Find a good deal on your home: If you can snap up a home as cheaper rates compared to the...
Credit Report and Credit Scores
The information on your credit report can greatly affect the interest rate and your ability to obtain a loan. So it’s very important to check your credit report early, even if you are not quite ready to buy a house just yet. There are 3 major...
Fair Credit Reporting Act / FCRA
Do you know what’s in your credit report? Under the terms of the Fair Credit Reporting Act (FCRA), you have every right to know exactly what credit reporting agencies are saying about you. That’s only one of the rights that the FCRA guarantees you –...
Student credit cards: Basic guide
Many students start becoming consumers of credit when they get their first student credit card in college. Student credit cards can give them a highly convenient way of making purchases; however this is also a time of great responsibility as they...
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How To Turn Bad Credit Into Excellent Credit Rating
Today, credit is no longer a luxury but a necessity. Any person
who has bad credit, is probably finding himself at a serious
disadvantage unable to buy a home, obtain credit cards, buy a
new car and other big-ticket items.
A good credit record can help you enjoy the finer things in
life. If you have bad credit, you can erase your bad credit and
re-establish excellent credit record.
Your credit report contains information about you, your job and
how you pay your bills. Credit bureaus compile and sell your
credit report to their subscribers.
If you are armed with the correct information, there are many
things that you can do to rebuild your credit report within the
law.
The credit bureaus delete negative information from credit
reports every day. By law they are required to do so whenever a
particular item reaches a certain age. If you dispute an item on
your report, they must investigate and delete everything that
cannot be reverified.
You need to know what's in your credit report. Order a copy of
your report. If you have been denied credit, the credit bureau
will send you a free copy of your credit report if you request
it within 60 days of receiving a denial notice. If you have not
been denied credit within the past 60 days, then there is a
nominal fee.
One way to remove negative information from your credit file is
to contact the credit bureau and dispute the information. Each
item item on your report must be proven or it must be deleted.
If the credit bureau cannot verify the item when investigated,
it cannot remain in the report - it must be removed from your
report.
When you dispute an item on your report, the credit bureau must
reinvestigate and if the item cannot be verified within a
reasonable period of time, it must be deleted.
Another way to smash damaging entries that appear on your credit
report is by adding a "100-Word Consumer Statement" to your
file. The law allows you to tell your side of the story. This
method gives
you the opportunity to tell everyone who obtains
your report the reasons for the derogatory status of the
account.
When your file has been updated, the credit bureau must give you
a free copy of your report. Also, you should request that the
credit bureau send notices of correction to anyone who received
your report in the past six months (or two years if it involves
employment).
The next step is to add positive credit information to your
file.
Obtaining a secured credit card is one of the important ways to
help you build or rebuild your credit record. A secured card is
guaranteed by a cash deposit held in a savings account or
certificate of deposit.
Secured cards look and are used just like any other credit card.
The key difference is that you must open and maintain a security
deposit account at the bank that issues the card.
You can also apply for an "instant credit" at a local department
store. By having your very own major credit card, you visit the
credit department of the store and apply for their charge card.
Once your application is approved, a charge account will be
opened for you on the spot.
Another proven way to build a good credit rating is to take out
a secured loan from a bank and pay it back promptly. In other
words, the loan is backed by money you deposit and keep in a
bank account. If you default, the money in your account will be
used to cover that debt.
If you ever wanted to get rid of your bad credit and establish a
good credit record, now you can. Thousands of people have solved
their bad credit problems and are enjoying the good life. And so
can you.
Get more information and get started right away. Once you
rebuild your credit record, you can start enjoying the benefits
good credit has to offer.
About the author:
Conleth C Onu is the author of "Credit Repair Secrets Exposed."
For more information, visit his websites:
http://www.creditrepairsecretsexposed.com and
http://www.conlethonu.com
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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 ... |
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| The FTC's web site on Credit |
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| www.ftc.gov |
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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. |
| www.annualcreditreport.com |
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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. |
| www.ncua.gov |
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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" ... |
| en.wikipedia.org |
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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 ... |
| en.wikipedia.org |
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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 ... |
| www.nfcc.org |
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| 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! |
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| 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 |
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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. |
| www.creditmag.com |
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| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
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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, ... |
| credit.about.com |
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