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Applying For A Credit Card With No Credit History
Oddly enough, not only will bad credit work against you when applying for a loan or a credit card, but no credit will too. Even though this doesn't seem fair, it is the way things work in the complicated world of consumer credit. Lenders are leery...
Credit Help For Renters And Others On The Horizon
Sue is a homeowner and pays her mortgage and other bills on time like a good credit consumer. Sue’s on-time mortgage payments are reflected in her credit score profiled by the three major credit bureaus; Equifax, Experian and Trans Union.
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How Much Is Your Credit Card Really Costing You?
Most people do not give much thought to how much the use of credit cards really costs. While you may think you are aware of the costs of credit, there are many hidden fees and charges that often go unnoticed by consumers until it is too late. If you...
Option Trading Tips - Credit Spread Magic
You may or may not have heard of credit spread option trading but they can be used to profit in bullish, neutral or bearish conditions. They are a cashflow generating strategy that involves both the buying and selling of either calls or puts of...
The Best Ways to Boost Your Credit Score
Because of the way credit scores are calculated, some actions you take will affect your credit score better than others. In general, paying your bills on time and meeting your financial responsibilities will boost your score the most. Owing a...
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Pre-paid Credit Repair builds credit
If you are having difficulty with your credit score and rating,
or having a hard time getting a credit card you might want to
consider a pre-paid card. Nowadays it is virtually impossible to
purchase anything without a credit card. Lenders today are
offering Pre-Paid Visa and Master Cards, which work like credit
cards. The procedure works like put money into an account and
then you are able to use the cards like a regular credit card.
No one will know the difference. Prepaid credit cards can be
purchased at many stores or online.
The downside is you have to pay a small fee when you open an
account. You want to be careful with which card you choose since
some are expensive. After the account is open, you have to pay a
small fee every time you make another deposit on your account.
The upside about prepaid cards is that it can help repair your
credit. Another advantage is, if your credit is bad then the
prepaid may be the only the solution for repairing credit.
The best solution is to continue paying your bills and avoid
spending money on items you do not really need. Most people
spend a fortune during the course of a decade on various items
all to sell them later in a garage sale, or else toss them in
the garbage when they realize they did not need it in the first
place. It pays to consider all aspects of any decision made to
avoid complications. Bad credit is an obstacle and in order to
defeat the obstacle you have to take steps to resolve the
issues.
Credit Reports
Don't let bad credit ruin your life. We all have difficulties
and sometimes we can't avoid obstacles that get in our way. It
is important that you know your credit report status first
before taking steps to repair your credit. Building credit is
important, but if you do not know the basics, it is almost
impossible to get out of debt. Sure, you get bills in the mail
everyday that tell you what you owe. You might even get annoying
phone calls regularly to remind you of the mistakes made.
Having your credit report on hand can save
despair since some
charges against individuals are mistakes. If you know what you
owe, you are in the heading in the right direction to repairing
your credit. Credit reports can be obtained at any of the three
credit bureaus including Equifax, Trans Union, and expedient.
Some people will tell you to apply for a loan so that you can
get a copy of your report free. This is ludicrous since each
time you apply for a loan or credit card it goes against your
score. Why not pay $60 dollars now and save a fortune in the
long run? Most credit reports cost around $20 or more, but if
you think about it, it will cost less later on.
If you are building credit, you need to consider both long and
short-term obstacles. There is nothing in life that is free, and
that includes making the right decisions. Prepaid cards are a
great start in the right direction for building your credit, but
for the most part the cards offer nothing in line of restoring
ultimate credit results. The prepaid cards are treated like
credit cards in one way, but it slowly builds or restores
credit, so the process of credit repairing is only delayed yet
obtainable.
There are other types of credit cards available that claim to
help restore your credit rating and score. Some of the card
providers offer a lump sum of credit, but you have to pay around
$200 or $300 upfront. The disadvantage is that some of these
companies are fraudulent and work hard at taking your money, at
the same time providing you no results. Consumers such as Trust
Benefit have taking money from consumers promising them a repair
solution on their credit report. Once the company takes the
money, they may or may not send you a credit card. Be careful!
It pays to check with the Better Business Bureau (BBB) before
you apply for a credit card to make sure the provider is not out
to take you for a ride.
About the author:
Tony Robinson is a business owner with vast experience in all
facets of Credit and Credit Repair - for further tips and
techniques visit http://www.officialdebtfree.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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| 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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| 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" ... |
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| Credit (finance) - Wikipedia, the free encyclopedia |
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| 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 ... |
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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. |
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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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