When you have the perfect Credit report and the credit card rating it serves an extremely important purpose. You would only understand its importance and what it means if you were to ever lose it. Once this it lost you will have to face a lot of financial travails as you wouldn't be liable to get a loan as well even end up paying higher insurance charges.If you want to apply for a loan and are in a financial fix, then your credit rating is the...more
Just about everyonehas heard and would agree that having good credit is exceptionally important in the modern age that we live in. With a low score, a person would not even be able to purchase a pair of shoe laces on credit!Therefore, it's very important to acquire a credit report fairly often and make sure there are no problems on it... Not only to make sure that no business or banking institution has made any mistakes on the...more
Everyone recognizes the fact thathaving good credit isof theutmostimportance. With a low score, a person would not even be able to purchase a pair of shoe laces on credit! Therefore, it's very important to take a good look a rcredit report fairly often and make sure there are no problems on it. Not only to make sure that no business or banking institutionmade any mistakes, but to also ensure that there is no one that has assumed your identity! When was the last time you took a good hard cold look at your credit report? Waiting several months between looking at one's credit report would be a serious mistake. It would be wiser to take a look at least once a month. It really does not take long for someone to either stteal your identity or for a mistake to show up on your credit report. Whatwould your response be if that nightmare happened to you? There really is nothing anything anyone can do to get such problems corrected quickly. You can fight he problems on the credit report by reporting them to theauthorities and credit bureaus, and then you would have to wait in most cases, several years before your credit is fixed. What would you do in the meantime when it comes to...more
Do you know how the bank determines whether or not to issue you a credit card? Moreover, do you know why you get an interest rate that is slightly higher than your neighbor's, even though you both carry the same card? You do know, of course, that institutions issuing credit cards and offering loans check applicants' credit profiles....more
Have you thought about consolidating your credit card debt? If those high interest rates on cards are killing you, this may be an option. When you consolidate credit card debt, you get one lower payment per month.There are four easy ways to go about consolidating credit card debt.1. Get a home equity loan. A home equity loan is a...more
The Best Way To Get Rid Of High Credit Card Debt If you are overwhelmed with credit card debt, you should consider debt settlement. You can do it yourself and save thousands of dollars negotiating directly with the financial institutions.Stop paying your credit cards.Don't make any payments on your CC's for 6 months. During this period you will be able to save some money or pay down other bills. You will also save money from not paying legal fees or fees to debt consolidation companies.The banks will then negotiate to accept a payment of 50% to 70% of what you owe. Banks prefer dealing with the credit card holder rather than a third party. Third parties charge a percentage of the money that you owe, typically 15% to 25%. If you owed $10,000.00, their cut would be $1,500 to $2,500.Do not consider bankruptcy.Most people think that bankruptcy is the only way to eliminate credit card debt. This is not true. There are alternatives but, if you want to keep your assets and stay afloat, filing for bankruptcy is not the solution.Due to the current laws, it is much more difficult to qualify for bankruptcy. In addition, if a person does qualify, it will remain on their credit...more
There are times when people swear that they will never use a credit card again. Of course, they forget their promise and start using the credit card again. However, there always comes a time, at least a few days in a month, where...more
Just about everybody I know recognizes that maintaining a decent credit score is particularly important. With a low score, a person would not even be able to purchase a candy bar on credit! Because of this, it's very important to get a...more
To eliminate unsecured credit card debt has never been so simple. The deepest recession since the great depression has created an economic situation for debt settlements. If you have over $10,000 in debt unsecured, credit card debt or...more
Just about everyone I am acquainted with knows that having a good credit standing is extremely important. With a low score, a person couldn't even purchase a toothpick on credit! Therefore, it's of great importance to get a credit...more
For the consumer who is head over heels in debt, the search for free credit counseling can be a tough proposition. What seems to be free on the surface can be far from it. There are many legitimate classes and counseling services, and...more
Credit card indeed has added a touch of great convenience to our lives. Yet it has also paved the way to wild spending habits and mounting debt figures. If you are suffering from enormous credit card debts, then be assured, you are...more