Archive for July, 2011

Eight 15-Minute Fixes for Your Credit Score
News from Fox Business:

Improving your credit score can feel like a gargantuan task. But by spending just 15 minutes, you can give your credit score anywhere from a small bump to a major boost. Here are some tips from credit experts on quick– and sometimes easy — ways to raise your score.

1. Set up automatic bill payment or alerts. “The one thing you need to do is pay bills on time — that has the biggest impact on your score,” says Carrie Coghill, director of consumer education for FreeScore.com. One way to do thatis to set up automatic bill payment through your bank or credit union, at least for the typical minimum amounts of your bills, says Lita Epstein, author of”The Complete Idiot’s Guide to Improving Your Credit Score.” Or, if you’re not comfortable with automatic bill payment, Coghill recommends setting up regular email or text message alerts to remind y…………… continues on Fox Business
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Settling The Score: Part One
News from WCTV:

We’ve all had people tell us how to raise our credit scores, or warn us about what they think makes the number plummet. But you may be giving folks too much credit when it comes to your credit. It’s time to settle the score.

“My parents had told me that in order to raise my credit score that when I got my credit card that I should purchase things that I can pay back right away,” said a Tallahassee college student.

Financial expert, Tara Davis sets the record straight. She is the Assistant Vice President and Branch Manager at SunTrust bank on Apalachee…………… continues on WCTV


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15-minute fixes for your credit score
News from CreditCards.com:

By Allie Johnson

Improving your credit score can feel like a gargantuan task. But by spending just 15 minutes, you can give your credit score anywhere from a small bump to a major boost. Here are some tips from credit experts on quick — and sometimes easy — ways to raise your score.

1. Set up automatic bill payment or alerts. “The one thing you need to do is pay bills on time — that has the biggest impact on your score,” says Carrie Coghill, director of consumer education for FreeScore.com. One way to do that is to set up automatic bill payment through your bank or credit union, at least for the typical minimum amounts of your bills, says Lita Epstein, author of “The Complete Idiot’s Guide to Improving Your Credit Score.” Or, if you’re not comfortable with automatic bill payment, Coghill recommends setting up regular email or text message al…………… continues on CreditCards.com
… Read the full article
.

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Car Insurance: Why Your Credit Score Matters
News from MainStreet:

NEW YORK (MainStreet) — It’s a given that issues like age and driving record impact auto insurance premiums, but insurers are increasingly as likely to include a driver’s credit score when calculating a policy rate.

Is it fair? No. Is it legal? In many states, yes.

Some new data from Edmunds.com sheds new light on the link between credit health and auto insurance premiums. And Edmunds is hardly alone. CarInsurance.com has its own study out concluding that drivers with a credit rating higher than 750 pay, on average, $ 783 less per year compared to a driver of the same age and incom…………… continues on MainStreet
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Your Credit Score, Your Money & What’s at Stake (Updated Edition): How to Improve the 3-Digit Number that Shapes Your Financial Future
“A great credit score can help you finish rich! Liz Pulliam Weston gives solid, easy-to-understand advice about how to improve …
Perfect Credit: 7 Steps to a Great Credit Rating
Perfect Credit is the definitive guide to getting and keeping outstanding credit. Think of this book as a roadmap for anyone hopin…

Five tips to help raise credit scores
News from Baltimore Sun:

(Alex Nabaum, For The Times / July 10, 2011)

 

The higher your credit scores, the better shot you have of getting a loan or credit card application approved. Improving your credit scores takes time, but it can be done.

Start by getting free copies of your three major credit reports at the government-authorized site annualcreditreport.com.

1. Check your reports for accuracy. Financial columnist Liz Weston, au…………… continues on Baltimore Sun

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Don’t let the credit card grinch strike while on vacation
News from USA Today:

Nothing puts a damper on your vacation like having your credit card rejected. Your kids start crying. Other tourists eye you with suspicion. The bartender takes away your beer.

By Joe Raedle, Getty Images

This can happen even if you always pay your bills on time and are nowhere near your credit limit. Two reasons your credit card may not work:

Your credit card company suspects fraud. Credit card companies use sophisticated software to detect deviations from your normal spending patterns, such as a series of large purchases or transactions in exotic loc…………… continues on USA Today
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Basketball Scoring Secrets
Basketball Scoring Secrets
Basketball Scoring Secrets

Personal Finance: Lenders must disclose rejection reasons
News from Sacramento Bee:

If you’re not feeling a lender’s love, you’ll soon know exactly why you got jilted.

Starting Thursday, if a lender denies you a credit card, a car loan or other loan product based on your credit score, you’re entitled to a free copy of that score. You’ll also get a list of the reasons why you got rejected. Ditto if you get a less-than-favorable interest rate on a new loan.

Some credit experts call the new disclosure rules a historic change in how consumers are treated by lenders.

It’s all part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which Congress enacted last year to give consumers more clarity in their financial life. The legislation also created a new Consumer Financial Protection Bureau, which officially springs to life on Thursday as well.

The bureau’s mission is to ensure that consumers know exactly what they’re getting with mortgages, credit cards, loans and other financial products. Or as the bureau’s fledgling website (c…………… continues on Sacramento Bee
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How to Use Credit Cards to Improve Your Credit Score
News from Benzinga:

It is common knowledge that you need a good credit score in order to get a reasonable interest rate on a loan. However, it isn’t necessarily easy to get a good credit score. It takes years of sound financial planning and thoughtful borrowing habits to achieve that goal. You can help the process along by using certain methods which, if used patiently and for an extended period of time, can contribute to a high credit score. Following are a few suggestions on how to use credit cards to improve your credit score.

Use Your Cards the Right Way

Unfortunately the misuse of credit cards is what gets a lot of people into a credit mess in the first place. If you want to improve your credit score it is possible to do it by using credit cards, but you must use them the right way. Credit cards in and of themselves are not dangerous or evil, but using them unwisely can lead to all sorts of trouble. If you owe a lot of money on a credit card and want to pay off the d…………… continues on Benzinga
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New rules allow some to get credit score for free
News from 9NEWS.com:

DENVER – Starting later this month, it will become easier for some consumers to get their credit score without having to pay for it.

New rules set to go into effect July 21 will require banks and creditors to give consumers free access to their credit report, including their credit score, within 60 days of rejecting a credit card or loan application. The financial institution will also have to explain what, if any other factors, they considered when making the decision.

“So, for people who apply for a loan and get rejected, this is going to really give them a lot of information and background as to what went into that lending decision,” Bruce McClary of ClearPoint Credit Counseling Solutions said of the changes. “Not only are they going to know what their credit score is, but it also makes people aware that there’s something in their credit that could be preventing them from either getting…………… continues on 9NEWS.com
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5 tips for staying under your own debt ceiling
News from USA Today:

By Dave Carpenter, Associated Press

CHICAGO — It seems like common sense: Don’t take on more debt to pay off your bills.

  • Paul Sakuma, AP

    Steve Wheelock holds up his Discover Card along with his American Express, Bank of America and Capital One Visa credit cards in San Francisco, June 22, 2011.

Paul Sakuma, AP

Steve Wheelock holds up his Discover Card along with his American Express, Bank of America a…………… continues on USA Today

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You Say You’re a Dream Renter? Prove It.
News from New York Times:

LANDLORDS in New York City can afford to be picky. With a vacancy rate in Manhattan of under 1 percent, apartments sometimes rent in hours, not days or weeks. Good tenants are not that hard to find. On top of that, evicting problem tenants can be expensive and time consuming.

So, most landlords here require a lot of information. They want to see a prospective tenant’s tax re…………… continues on New York Times

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Tips on choosing a low-cost credit card
News from The Daily Advertiser:
Tips on choosing a low-cost credit card | The Advertiser | theadvertiser.com
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Business Plan for How To Start Credit Score Repair and Credit Counseling Services
How would you like to start or expand your business with a professional business plan that’s designed to save you time and money a…
The score. The Game of Credit Scoring
A board game designed to develop credit and financing smarts. A board game. Factory sealed. No upc number found on packaging….

New FCRA Rules on Credit Scores Would Not Apply to Employment Background …
News from ESR NEWS:

New regulations announced by the Federal Reserve System and the Federal Trade Commission (FTC) on credit scores and the Fair Credit Reporting Act (FCRA) should not affect employers that use employment credit reports that do not contain credit scores. Credit reports provided by background screening firms do NOT contain credit scores. 

The two federal agencies announced that the new regulations would go into effect on July 21, 2011. The new rules would require “disclosure of credit scores and information relating to credit scores in risk-based pricing notices if a credit score of the consumer is used in setting the material terms of credit.” The
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Choose The Right Payday Loan Lenders For Your Urgent Cash Needs
News from Granite Bay View:

Being a single mother and trying to survive on a tight budget can at times pose a rocket science task. There are lots of people in U.S. today who live from paycheck to paycheck with literally no savings to fall back on in case of emergency. A payday loan may provide a solution but you should be very careful about which payday lenders you apply to.

I have tried many companies out there that promise no credit check, instant approval bad credit loans for any amount – up to $ 2,500! Let me give you the facts and some tips.

The first thing you should know about online payday loans is that they are regulated by most states due to their high interest rates. These high interest rates are dictated by bad risks that these lenders have to work with: people with perfect credit use credit cards to leverage expenses, they stay away from expensive payday loans.

Next, don’t be greedy – there is a slim chance that you will get more than $ 500 if it is the first time you are applyi…………… continues on Granite Bay View
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How Your FICO Credit Score is Calculated: Length of Credit History
News from Fox Business:

This is the third of a five-part series examining what goes in to creating your FICO credit score — the three-digit number that helps determine how much you can borrow and on what terms. Each part of the series will take an in-depth look at one of the five basic components of the credit scoring model. Today: length of credit history. 

In the world of the FICO credit score, age and experience trump youth and enthusiasm.

To earn a FICO credit score, borrowers need to have at least some credit history. Although it’s not the most heavily weighted factor used to calculate a borrower’s FICO score, the length of a borrower’s credit history does matter. And within that component, age and experience typically proves beneficial.

“Generally, the older your length of credit history, the better it is for your
… Read the full article


Perfect Credit: 7 Steps To A Great Credit Rating
Perfect Credit is the definitive guide to getting and keeping outstanding credit. Think of this book as a roadmap for anyone hopin…

How your FICO credit score is calculated: Length of credit history
News from CreditCards.com:

By Jeremy M. Simon

This is the third of a five-part series examining what goes in to creating your FICO credit score — the three-digit number that helps determine how much you can borrow and on what terms. Each part of the series will take an in-depth look at one of the five basic components of the credit scoring model. Today: length of credit history. 

In the world of the FICO credit score, age and experience trump youth and enthusiasm.

To earn a FICO credit score, borrowers need to have at least some credit history. Although it’s not the most heavily weighted factor used to calculate a borrower’s FICO score, the length of a borrower’s credit history does matter. And within that component, age and experience typically proves beneficial.

“Generally, the older your length of credit history, the better it is for your
… Read the full article
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Credit Repair Book – 101 Power Tips for Improving Your Credit Score – Learn How to Improve Your Credit Score Fast…

This Powerful New Credit Repair Book from Naked Man Productions will give you everything you need to know to get started building or rebuilding your credit report.

The contents of this book will give 101 plus tips and advice on how the credit system works and how you can take advantage of this new found valuable knowledge.

Get started today…the information in this book is priceless and relatively inexpensive compared to other books that are full of fluff and useless information

List Price: $ 3.99

Price: