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Buying A Home With Bad Credit - Why A Recent Bankruptcy Will Not Stop You From Getting Approved
Buying a home with bad credit is possible with the help of a subprime lender even if you have a recent bankruptcy or foreclosure. These mortgage lenders specialize in financing home loans for people with poor credit.
Effect Of Bankruptcies And...
Financial Flat? Bad Credit? need a fix?
Failing finances are a common problem now-a-days. How does
one extricate himself from a heavy debt load? There are ads that
offer to do that ... for a price. It may be the answer for some.
However, there are things one can do for himself.
...
Get a FREE Credit Report
Get a Free Credit Report
Credit management is a leading American issue. Approximately 30 million Americans struggle with some form of poor credit . The quest to repair bad credit, must start with the knowledge of your current credit standing....
Personal loans for bad credit: Straightening deformed credit
You are looking for personal loans and what is the first question you face "how is your credit?" Alright it is bad. Personal loans for bad credit are an option but you feel like they are hard to find. There is good news for you. Personal loans for...
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...
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Three Steps to Starting Your New Business With a Clean Credit Score
For many people, starting their own business is a personal
dream. Before fulfilling your personal dream, it's necessary to
get your personal finances in order. At this early stage you'll
be using your own personal finances to start your business and
if you want to succeed you must approach your personal finances
with a professional eye.
Avoid funding start-up expenses via credit and running up huge
credit card debt. Instead you should apply for a business loan,
which has the benefit of being a one-time loan with typically
lower interest rates than a credit card. However, in order to
get good terms on your loan, you will have to have your credit
card debt in order first.
Without an established business credit history, lenders will
have to look to your personal credit to negotiate your terms.
You don't want personal credit problems starting your business
credit off on a bad foot.
Three Steps to Starting Your New Business With a Clean Credit
Score
A clean credit score will help you get the low interest rates
you need to start your business on solid financial ground.
Step One. Pay off your credit card debt.
Once you know where your credit weaknesses lie, zero in on them
to start improving your standing. Your goal will be to
completely eliminate all credit card debt. It may seem like an
insurmountable task, but in reality, paying it off as fast as
you can is actually easier and less expensive than paying it off
over a period of many years.
First, start paying double the monthly minimum on the balance
with the highest interest rate, while paying the minimum monthly
due on everything else. By paying down that highest-interest
balance, you will save yourself from potentially spending
thousands extra in interest - and you'll be done in half the
time. Once you have paid off that balance, move on to the one
with the next highest interest, and so on down the line.
Eventually you will enjoy the freedom of zero credit card debt.
In fact, if you find yourself having a hard time staying away
from credit card purchases - take them out of your wallet and
bury them in your closet until you have improved your financial
situation.
Step Two. Check your credit report.
Have you seen your credit report? You can get a copy of yours
by
visiting http://www.freecreditreport.com. Look over it carefully
to make sure there are no mistakes that could have negative
effects on your credit and your interest rate.
If you find any mistakes, you may dispute them through the
credit-reporting agency. The creditor then has 30 days in which
to respond to your dispute. If they fail to respond within 30
days, the disputed information is expunged. If it is a
particularly old debt, creditors may not even bother to respond.
Disputing credit report mistakes is definitely worth a try since
you have nothing to lose but bad credit.
Step Three. Pay bills on time.
Your credit is not based solely on your ability to pay off your
credit card debt. You must also demonstrate that you are
responsible when paying your bills: utility bills, car payments,
and rent for example. Try to pay all of these on time and in
full and it will reflect well on your credit report. If you have
trouble remembering to pay your bills on time, try to keep them
all in a highly visible place so you will have a constant
reminder to pay them.
Many utility bills may be paid online these days, so you can
simply check with your utility companies to set up automatic
payments. Not only do you maintain good credit by paying on
time, but you also avoid paying late fees, and saving money is
always a wise financial move!
Before you establish your own business, it is imperative that
you begin with a clean slate: no debt, healthy credit, and
responsible financial habits. When you have a good credit score
to begin with, your business will have a stronger start and will
be easier to run. Good finances mean success. Best of luck with
your new business venture!
© 2005-2006 DebtGuru.com®. This article may be freely
distributed as long as the signature file and active link are
included.
About the author:
Michael G. Peterson is the Vice President of American Credit
Foundation, an IRS 501 (c)(3) non-profit consumer credit
counseling organization that has assisted thousands of
individuals and families with their financial situations through
seminars, education, counseling services, and, debt management
plans. For more information, and free consumer resources visit
http://www.debtguru.com
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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 ... |
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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 |
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 ... |
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Federal Trade Commission - Consumer Credit Center |
Features an assortment of helpful articles related to credit issues. |
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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 |
Our mission is simple: To offer education on the wise use of credit. ... SPRINGBOARD has been approved to provide credit counseling services and issue ... |
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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 ... |
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Credit Suisse Global |
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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" ... |
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 ... |
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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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Compare over 300 credit cards, including 0% offers and balance transfers, and make a credit card application online... |
www.moneysupermarket.com |
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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 |
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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