Posts Tagged ‘credit’
Do You Have Healthy Credit?
Posted by: admin in Free Credit Reports on March 12th, 2009
In case you didn’t know, the only way to be 100% sure that your credit score is healthy and accurate, is to check your credit report. Your credit report is considered your identity to potential lenders, employers, and anyone looking to invest in you. Here are some great tips to fine tune your credit and boost your likeliness to get a loan.
1) Correct Errors
Once you take the plunge to check your credit report, you may be surprised to find that there are quite a few errors. Relax; this is common for people who don’t stay on top of their financial history. Anyway, correcting the errors will take some time contacting various bureaus and companies, but the time is well spent. With a clean slate, you can start over rebuilding and maintaining your credit.
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The Truth Behind Minimum Payments
Posted by: admin in Credit Quick Tips on March 8th, 2009
Don’t be fooled by this month’s surprisingly low minimum payment on your credit card statement. In an attempt to increase their number of minimum payments reached, credit card companies are requiring something around 2% of the total balance, which is quite lower than many companies previously required.
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Credit Score Myths
Posted by: admin in Free Credit Reports on February 16th, 2009
When it comes to your finances, your credit score is the most important factor. Any and every potential lender, whether it be for a car, a home, or a utility company, will look at your credit score to determine whether or not you are worth the investment. Because the majority of people have no clue what their credit score consists of, there’s a lot of room for misconceptions to arise. Having this knowledge, it would be responsible to check up on your credit score every so often to make sure everything is legit and correct.
Myth 1 – If an error is detected on your score, simply writing a letter to dispute it will remove it from your score. Unfortunately, this is not the case. If your dispute is completely legit, you only have 30 days to notify the credit bureau, else you have to let the bad credit sting your record.
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Factors That Contribute to Your Credit Score
Posted by: admin in Free Credit Reports on February 13th, 2009
The modern financial market is highly competitive, specifically when it comes to lending money. Something to keep in mind for your benefit, is that establishing good credit today will ensure that your future credit will be secure, as well as have the necessary flexibility to grow. From birth, everyone starts with zero credit, it is something one must earn. There are a variety of factors, twists, and turns that can contribute to your score, affecting it either for better, or for worse.
For starters, you need to understand that your credit score is determined by the 3 major reporting companies as a result of your credit history. Keep in mind, however, that the 3 companies have no contact with each other on your info. Instead, they report on their own witness to what they interpret in regards to your credit. This creates the issue of common errors on credit reports because there is no one who knows 100% what is what. The only thing you can do, is keep on top of each of the 3 scores you have, and if there is an error, correct it across the board. However, remember that you can’t dispute a credit error unless you know all 3 of your scores.
» Finish reading this Factors That Contribute to Your Credit Score Article - Click Here