Archive for October, 2011

Personal Finance: Many Americans have misperceptions about credit score
News from Sacramento Bee:

Credit scores: Like a Halloween fright night, they can be kind of scary.

We can’t easily see them, and we don’t always know what’s lurking behind them. Perhaps that’s why there seem to be so many myths and misperceptions about exactly what’s in a credit score.

In a recent national survey by Visa Inc. that asked U.S. consumers what factors negatively affect a credit score, plenty of answers were flat-out wrong.

About 25 percent mistakenly thought that where you live can ding your credit score. Others said – erroneously – that your job, your ethnicity or even your age could affect a credit score.

The findings are “dismaying,” said Jason Alderman, Visa’s global financial education director. But, he added, they aren’t altogether surprising.

“People are uncomfortable talking about money, so they perpetuate misinformation by not discussing it with friends, family or at work,” said Alderman. “These (erroneous) ideas pop up … but people don’t talk about th…………… continues on Sacramento Bee
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Will A Credit Card Balance Transfer Affect Your Credit Score?
News from Zimbabwe Guardian:

Image: nozoomii

Th&#1077&#1109&#1077 days, here &#1072r&#1077 more low- &#1072n&#1281 n&#959-interest credit cards being mailed t&#959 consumers th&#1072n &#1077&#957&#1077r before, &#1072n&#1281 w&#1110th 0% APR promotional periods now lasting &#1072&#1109 long &#1072&#1109 21 months, reasonably a few people &#1072r&#1077 considering transferring th&#1077&#1110r balances t&#959 th&#1077&#1109&#1077 cards &#1110n order t&#959 protect themselves fr&#959m accruing interest fees.

Th&#1077&#1109&#1077
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Will A Credit Card Balance Transfer Affect Your Credit Score?

Will A Credit Card Balance Transfer Affect Your Credit Score?
News from Business Insider:

Image: nozoomii

These days, there are more low- and no-interest credit cards being mailed to consumers than ever before, and with 0% APR promotional periods now lasting as long as 21 months, quite a few people are considering transferring their balances to these cards in order to protect themselves from accruing interest fees.

These balance transfers can indeed be a good move financially. But if you’re thinking about making the shift, you should first consider the impact that transferring your balance will have on  your credit score.

After all, transferring your continues on Business Insider
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Your Credit Score: How to Fix, Improve, and Protect the 3-Digit Number that Shapes Your Financial Future, 2nd Edition
“A great credit score can help you finish rich! Liz Pulliam Weston gives solid, easy-to-understand advice about how to improve…
Credit Scores and Credit Reports 3rd ed: How The System Really Works, What You Can Do (Credit Scores & Credit Reports: How the System Really Works,)
Credit Scores & Credit Reports provides the first thorough examination of the all-important, but little understood, credit scoring…

America’s Best Credit Scores: It Ain’t Texas
News from Zimbabwe Guardian:

NEW YORK (LowCards.com) — Credit scores give a measurement &#959f &#1072n individual’s financial health. Higher credit scores enable a consumer t&#959 receive th&#1077 best interest rates &#959n mortgages, loans &#1072n&#1281 credit cards, &#1072&#1109 well &#1072&#1109 better financing &#959n &#406&#1072r&#609&#1077r b&#965&#1091&#1109, such &#1072&#1109 automobiles.

Credit agency Experian recently released &#1110t&#1109 State &#959f Credit study ranking th&#1077 mean credit scores &#959f residents 143 cities &#1110n America. Wausau, Wis., h&#1072&#1281 th&#1077 peak mean credit score — 789. Harlingen, Texas, h&#1072&…………… continues on Zimbabwe Guardian
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Get a full 10 on your credit score
News from Telegraph.co.uk:



Better than this: get a perfect 10 on your credit score Photo: BBC

Banks and building societies can be picky about who they lend to, often
offering their best deals only to those with a squeaky-clean credit history.
Like the judges in the BBC’s Strictly Come Dancing, they may give
their approval only to those who can turn in a flawless performance.

But before you apply for a mortgage, credit card or personal loan, there are
steps you can take to improve your credit sta…………… continues on Telegraph.co.uk

… Read the full article


uPro Golf GPS by Callaway Golf

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  • Connects to www.uprogps.com for golf course downloads; 2.2-inch high-resolution color screen
  • Includes battery, wall adapter, USB cable, and free course download; 6-month warranty

Looking to improve your course management skills? Turn to the uPro golf GPS system, which employs state-of-the-art GPS, aerial, and satellite technology to accurately render the details of thousands of golf courses. The uPro starts by providing the avid golfer with aerial and satellite photographs of the golf course, so you can see what the hole looks like before you play it. At the same time, the unit’s built-in GPS system clearly locates the golf course hazards and flagstick, so you know what

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How to improve your credit score
News from Business Insider:

Here’s something that you’ll almost never see on a financial TV show:

Consider 2 people…

  • One has great credit
  • The other has poor credit

In their 30s, they decide to buy houses of similar prices.

How much do you think they pay?

Simply by virtue of having different credit scores, the person with poor credit will pay over $ 68,000 more than the person with excellent credit.

Source: MyFico.com. Data calculated in October 2011.

Over $ 68,000. How many lattes is that worth?

THAT is the power of having a great credit score. Yet most “experts” will either (1) continue yammering on about lattes and clipping coupons, or (2) give worthless, high-level advice like “Improve your credit!” (Okay…how? Jackass.)

They do this because lattes and coupons are…………… continues on Business Insider
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Tips On Transferring Your Credit Card Balance To Another Issuer
News from Forbes:

Many credit card consumers are once again being flooded with attractive offers to transfer their existing balance to another issuer. Several issuers are now offering 0% interest rates for over a year on balance transfers and purchases. Most of these offers are going to cardholders with good or excellent credit scores since they represent less risk of defaulting.

If you have good credit and your credit card APR is currently above 15%, this may be a good time to consider transferring your balance to a credit card with a lower rate. Transferring your balance to a card with a 0% introductory rate can save a consumer a significant amount of money. If you currently have a balance of $ 5,000 and an APR of 15%, a 0% rate for a year will save $ 750 in interest payments.

But there are several tips for consumers when considering a balance transfer:

continues on Forbes
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The Credit Video “Fundamentals”

List Price: $ 1.99

Price:

Debunking the Six Most Common Smart Credit Myths
News from Eva-News:

Below are the six most common credit repair myths. Let’s go over each and every misconception so you won’t be confused by the incorrect information that is out there.

1 – Checking your score lowers your rating – This is the number 1 credit restore myth out there. Contrary to widespread belief, you can check your own score report as repeatedly as you want. This will not negatively impact your score. This is known as a “soft inquiry” which will not decrease your score. If you apply for a mortgage and the mortgage company pulls your credit that is considered a “hard inquiry” which will decrease your score by a couple of points.

2 – You need to hire a credit score repair company to fix your credit – credit restore firms cannot make the credit re…………… continues on Eva-News
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Fix Your Own Credit
This book is a step-by-step, do-it-yourself manual on how to repair your current credit rating situation. If you are getting a ton…
How to Repair Your Credit Score Now: Simple No Cost Methods You Can Put to Use Today
Your credit score affects every aspect of your financial life including qualifying for loans and mortgages, low interest rates, ho…

5 Steps to Prep Your Credit for Holiday Shopping
News from Forbes:

Image by AFP/Getty Images via @daylife

Never mind store sales, coupon clipping and daily deals; savvier spending this holiday season starts with protecting your credit, and it starts right now.

With the recent controversy over debit card fees, more consumers may turn to payment alternatives like credit cards for the holiday shopping frenzy. However, relying on credit for major purchases may also make you vulnerable to overspending and credit health damage. Your New Year won’t be off to such a happy start when saddled with debt and a poor credit score.

If you plan to shop with…………… continues on Forbes
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America’s #1 Credit Building Formula!
New Lower Price For Faster Sale. 100% Legal! Secret Banking Loophole Increases Credit Scores Instantly! Promote This Formula To Over 75,000,000 People With Bad Credit. Only .95. 50% Comm. Have An Email List? This Is A Quick Money Maker
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5 Steps to Prep Your Credit for Holiday Shopping
News from Forbes:

Image by AFP/Getty Images via @daylife

Never mind store sales, coupon clipping and daily deals; savvier spending this holiday season starts with protecting your credit, and it starts right now.

With the recent controversy over debit card fees, more consumers may turn to payment alternatives like credit cards for the holiday shopping frenzy. However, relying on credit for major purchases may also make you vulnerable to overspending and credit health damage. Your New Year won’t be off to such a happy start when saddled with debt and a poor credit score.

If you plan to shop with…………… continues on Forbes
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The Big Score: The Game of Credit Scoring
United Guaranty Corporation has introduced two new board games designed to teach the principles of mortgage financing for people n…
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…

About Those Credit Cards That Don’t Need A Credit Check
News from Business Insider:

Image: reallyboring via flickr

If you’ve got a history of bad credit – or no credit history at all – finding a loan or qualifying for a credit card can seem like an impossible task.

Luckily, several credit card providers offer cards that don’t require a credit check.

While these credit cards typically come with higher interest rates and penalties, signing up for one is a good way for anyone who wants a second chance to start rebuilding their finances.

But before putting the pen to the paper, you should make sure that you know what you’re getting into:

  • Most of Them…………… continues on Business Insider

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Myths, Misperceptions About Credit Scores Rampant
News from WLTX.com:

NEW YORK (USA Today) – A poor credit score can make it hard to get a mortgage, a new car or a decent interest rate on a credit card.

Yet 42% of those polled in a recent Visa survey never bother to check their score.

By ignoring this vital measure of credit worthiness, consumers may be missing an opportunity to improve their score. And for many, failure to take any action could cost them thousands in higher interest payments.

One reason for neglecting this issue is that scores usually come with a price tag.

Anyone who wants to check their scores before applying for a loan will have to pay.

FICO, the company that created credit scoring, sells its scores for $ 19.95 on its website, www.myfico.com. The company also offers periodic score monitoring services starting at $ 4.95 per month.

The three main reporting companies, Equifax, TransUnion, and Experian, most commonly provide FICO scores to len…………… continues on WLTX.com
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The Complete Idiot`s Guide to Improving Your Credit Score (Paperback)


Refuting common credit myths, a practical manual helps readers understand their credit history and its significance, as well as how to use credit, pay bills, pay off debt, deal with financial crises, and avoid scams in order to make one`s consumer credit score work to their benefit. Original.
List Price:
Price: 12.00

Midwest is best, when it comes to credit scores
News from msnbc.com:

Experian

By Allison Linn

People who live in New York or Los Angeles may gloat about their superiority of restaurants and cultural amenities, but towns in the Midwest have something to brag about, too: better credit scores.

A new report from credit monitoring agency Experian finds that eight of the 10 cities with the highest average credit score are in the Midwest.

On the flip side, eight of the 10 cities with the lowest credit scores are in the South.

Wausau, Wis., takes the top spot, with an average credit score of 789. It’s one of four Wisconsin cities that are in the top 10 in terms of average credit scores……………. continues on msnbc.com
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You are your credit score
News from Sonoma Valley Sun:

There was a time when paying bills was a private affair, as were auto loans or credit card charges. An invoice was received, a check or money order was sent as payment; sometimes one would visit a local business and pay an invoice in cash. These transactions were based on trust, and reinforced the mutual social contract of trustworthiness between members of a community. Reaching people by telephone was easy; there was no voice mail, “talking” computers, or menu choices to press, just ordinary folks at the other end of the line. Establishing human relationships mattered, a comforting and even tender part of everyday life.

Alas, society has changed. Along with privacy, personally conducting life’s daily activities has diminished, and “paying the bills” is now fully automated, a completely impersonal act. Checkbooks, quaint artifacts of personal history, have been almost entirely replaced by debit cards, automated payments and online bank statements.

There are those who f…………… continues on Sonoma Valley Sun
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