When Good Credit Marries Bad Credit
News from Fox Business:

Your new spouse has many wonderful qualities, but soon after the wedding you learn that a high credit score is not among them. What should you do?

Take steps now to manage credit cards well so you both have good credit when it comes time to apply for car loans or a mortgage. Here’s how:

1. Credit score: how bad is it?

Get copies of your credit reports from AnnualCreditReport.com and get your FICO or VantageScore credit scores to learn where you stand. You’re entitled to free copies of your credit reports once a year from each of the credit reporting bureaus, but you might have to pay a small fee to learn your credit scores. Check reports for accuracy, and follow credit bureau instructions to correct any factual errors.

2. Keep credit in your name

You each maintain individual credit scores when you’re married, but both scores factor into a lender’s decision if you apply for…………… continues on Fox Business

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Credit reporting errors costing Canadians
News from CBC.ca:

Credit rating mistakes are costing unsuspecting consumers thousands of dollars in higher interest rates and preventing some from getting much needed loans, a CBC News investigation has found.

In the past few years, more than 500 complaints have been filed with provincial consumer affairs agencies across Canada about credit reporting agencies, many alleging errors by companies led to their poor credit scores.

“I feel like a guy who is made to pay for the sins of something I didn’t do,” said Mervin Smith. “It’s like being wrongfully accused of something.”

  • How to check your credit report

Smith is one of many Canadians who told CBC News about how unknown errors on their credit rating reports caused them financial strife. In some cases, even after creditors and collection agencies admitted to a mistake, it took several months to restore a credit rating.

The Brampton, Ont., truck driver, spent months trying to get his credit rating fixed after an error appeared on his credit report.

When applying for a mortgage in late 2011, Smith learned that an unpaid Rogers bill for a “Marvin Smith”…………… continues on CBC.ca

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When Good Credit Marries Bad Credit
News from TheStreet.com:

Your new spouse has many wonderful qualities, but soon after the wedding you learn that a high credit score is not among them. What should you do?

Take steps now to manage credit cards well so you both have good credit when it comes time to apply for car loans or a mortgage. Here’s how:

1. Credit score: how bad is it?

Get copies of your credit reports from AnnualCreditReport.com and get your FICO or VantageScore credit scores to learn where you stand. You’re entitled to free copies of your credit reports once a year from each of the credit reporting bureaus, but you might have to pay a small fee to learn your credit scores. Check reports for accuracy, and follow credit bureau instructions to correct any factual errors.

2. Keep credit in your name

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6 most damaging credit report errors
News from MyFox Washington DC:

By Kirk Haverkamp
Provided by

You’ve probably heard that it’s a good idea to check your credit reports for errors once a year. But which errors are the ones that do the most damage to your credit score?

By some estimates, nearly four out of five credit reports contain errors of some sort. But many, if not most, of these are relatively harmless to your credit score — a misspelled address, an outdated employer or a closed, paid-off account still listed as active.

Here are six common credit report errors that can do some of the most damage to your credit score if left uncorrected.

1 – Account listed as closed by lender

Are there any old accounts that you closed out on your own initiative, perhaps following a billing dispute? If so, beware the words “closed by grantor” on your credit report in reference to that account. That means it was the lender’s decision to close the account, and that never reflects well on the borrower. You want to make sure that any accounts that you closed indicate that they were paid off and closed voluntarily by you.

2 – Outdated information

Most negative items on your credit report — mis…………… continues on MyFox Washington DC

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Credit Score Blueprint: Tips, Tricks and Secrets to Building a Perfect Credit Score
Surveys show that 52% of Americans do not understand how credit scores work. And of those who have a general knowledge of credit s…
BestCredit: How to Win the Credit Game, 2nd Edition
Written by a former debt collector, this credit repair book covers many aspects of credit restoration, including how to legally re…

New What’s A Good Credit Score Site Provides Informative Articles, Tips About …
News from MENAFN.COM:

(MENAFN Press) September 13, 2012- Riverside, CA — The Whats a Good Credit Score?? site at httpwww.whatsa-goodcreditscore.com has been launched. By visiting the site, readers can learn a lot about credit scores – what they how, what they measure, what’s a good credit score range and this is important.

Most people learn about the relevance and importance of credit scores only after graduating from high school, when they start dealing with things Find out whats a good credit score at Whatsa-GoodCreditScore.com that are related to credit, such as credit cards, applying for apartment rentals, and make bigger purchases that require loans, such as houses or cars. A lot of information and facts is gathered up over time through real life experience over time. The site promises to help their readers jump start this learning curve by providing informative articles that are easy to read and digest.

According to a company statement, the whatsa-goodcreditscore.com site has been started as a one-stop resource for people who like to learn more about credit scores, what they mean and how it could impact them. The basic idea of a credit score being a 3 digit number that measures the credit worthiness of a person is simple.

However, understanding what scores are considered good, what factors can affect one’s credit rating, and how to impr…………… continues on MENAFN.COM

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How to Raise Your Credit Scores 25 to 100 Points in 48 Hours, Guaranteed! (Debt Free Forever: Payoff All Your Credit Cards Without Increasing Your Income Or Getting A Second Job)
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The Credit Repair Black Book: Credit Repair Secrets and Strategies the Credit Bureaus Won’t Tell You
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Building A Good Credit Score After College
News from TheStreet.com:

Aside from a tough job market, new college graduates also face a challenging credit landscape this year. Credit tightened in the recession, and a recent survey shows bank executives don’t think creditors are ready to relax their grip yet. The survey, conducted on behalf of FICO by the Professional Risk Managers’ International Association, asked bank risk professionals for their predictions in consumer credit trends. Most expected credit limits for new credit cards to be lower than in the past and predicted a similar or lower acceptance rate for credit card applications.

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So if you’re a new graduate, how do you build a credit history if you can’t get credit in the first place? It’s a little like trying to find your first job when every employer will only interview applicants who have experience.

Here are some tips to get started:

Be prudent.

“Don’t be a kid in the credit candy store,” advises the National Foundation for Credit Counseling. Each time you apply for credit, an inquiry is made on your credit reports, and too many inquiries can lower your credit score. If you apply for…………… continues on TheStreet.com

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Card rejection does not seem fair at all as credit rating has always been good

Card rejection does not seem fair at all as credit rating has always been good
News from Belfast Telegraph:

I applied for a Halifax Clarity credit card to use while abroad as it has no extra charges on foreign transactions.

My application was declined and the letter said that my credit score is too low. I checked my account on the Experian website and there is no indication Halifax conducted a credit check. I should have a good credit rating as I always pay in full and/or make payments within the time allowed. I have a regular Halifax credit card that I have used without problem for some years. Halifax may wish to decline my card request because they would prefer me to continue to use my existing card overseas and pay higher charges, but they should have the honesty to say so. NS

Halifax explains that a fraudster had opened a credit card account in your name. Halifax cleared the balance and you were not charged or inconvenienced. You tell us that while you were aware that “something had happened”, you did not know you had been a victim of fraud. As part of the resolution to those problems, last April you signed a Notice of Correction, requiring credit applications to be subject to password verification to prevent fraud and demonstrate any application is genuine. But when Halifax’s credit underwriting team made contact, you did not use the approved password. You were therefore notified that the application was not successful because it did not meet the credit scoring po…………… continues on Belfast Telegraph

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Seven key steps to get a home loan
News from SouthCoastToday.com:

Buy This Photo

A conceptual image of a scale house and mortgage forms for the people buying a house.

By

July 15, 2012 12:00 AM

Mortgage rates have plunged to record lows, below 4 percent. That’s great — but only if you can actually qualify for a loan, and that’s not easy. After giving away the store during the housing boom with disastrous results, lenders have tightened their underwriting standards, leaving many would-be home buyers out of luck.

But there are steps homebuyers can take to find the right mortgage, and qualify for it. Here are seven:

IMPROVE YOUR CREDIT SCORE: A credit score below 620, as measured by th…………… continues on SouthCoastToday.com

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The Credit Repair Black Book: Credit Repair Secrets and Strategies the Credit Bureaus Won’t Tell You
In The Credit Repair Black Book, you will learn credit repair secrets from an industry insider. Mark Kennedy, a 20-year credit and…
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Tips to build a good credit score
News from CBS42:

BIRMINGHAM, Ala. (WIAT) — You’ve probably heard that closing a credit card can actually damage your credit score, but do you know why?

It’s your credit utilization ratio, the amount of credit you’ve used, compared to the amount you have available.  It’s a factor that’s about 30 percent of your score.  If you’re considering closing an account, credit card experts say don’t do it if it’s your only card and if you have others, check the balances.

Common reasons consumers close cards are new or increased fees or interest rates.  If you’re switching to a newcard, keep the old one open until you receive it.

It’s also best to have a zero balance when closing the card.  You can close it over the phone, but also follow up later in writing and after a month or so, check your credit report to make sure the account is noted as “closed.”

…………… continues on CBS42
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John Hope Bryant to Newsmax: Good Credit Vital Now More Than Ever
News from NewsMax.com:

Quality credit scores are more important today than ever before, John Hope Bryant, a man devoted to improving this critical statistic in the nation’s low-income communities told Newsmax.TV in an interview on Thursday.

“Seventy percent of all employers today won’t hire you unless they do a credit check,” Bryant told Newsmax.TV in an interview at former President Bill Clinton’s second convening of the Clinton Global Initiative-America, this year in Chicago. Bryant is the chairman of Operation HOPE, a nonprofit group that teaches inner-city residents basic financial skills. “It is, literally, no longer the issue of do you have a criminal report; the issue is, how’s your credit report.”

See exclusive video below.

An adviser to the last three presidents, the Los Angeles native is the author of the 2009 book, “Love Leadership: The New Way to Lead in a Fear-Based World.” Since Bryant founded Operation HOPE in 1992, the organization has helped more than 1.2 million people.

He also started the Silver Rights Movement, raising more than $ 900 million benefiting 70 major U.S. cities, South Africa, and most recently, Haiti.

Bryant talked with Newsmax about his newest effort, “700 Credit Score Communities,” which seeks to improve the vital stat…………… continues on NewsMax.com

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Century Bank and Trust Offers Tips During Low Interest Rate Periods: Advice …
News from Midland Daily News:

With interest rates at record lows, consumers face a number of choices for managing their money. Whether they want to save, spend or invest, consumers are encouraged to consider their options and choose the strategies that best suit their particular financial circumstances. Century Bank and Trust offers tips for low interest rate periods.

Coldwater, MI (PRWEB) June 08, 2012

With interest rates at record lows, consumers face a number of choices for managing their money. Whether they want to save, spend or invest, consumers are encouraged to consider their options and choose the strategies that best suit their particular financial circumstances.

Century Bank and Trust offers the following tips for low-interest-rate periods:

1. Consolidate debt.

With interest rates at historic lows, it makes sense to consolidate debt into one low-interest loan. For example, if you have outstanding balances on several credit cards, consider transferring those balances to one credit card with the lowest interest rate. If you qualify, it may be a good time to apply for a home equity line of credit to consolidate debt or make a hom…………… continues on Midland Daily News

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The Smart Consumer`s Guide to Good Credit (Paperback)


Most credit books promise quick fixes and easy solutions to bad credit, but the truth is there is no quick fix when it comes to credit. Your best strategy as a smart consumer is to understand your credit inside and out. Credit expert John Ulzheimer can give you all the tools you need to master the world of credit, before or after you get into trouble, and take the power back into your own hands.

Topics covered include:

? The difference between a credit score and a credit report

? The best way to deal with collection agencies

? How to monitor your credit report

? Protecting yourself from identity theft

? The impact of student loans on your credit score

? How to opt out of unwanted credit card offers

The Smart Consumer`s Guide to Good Credit answers all of your questions about credit (including the ones you didn`t even know you should be asking!) and yes, even explains the best ways to work toward improving a bad credit score.

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7 Common Behaviors of People with Good Credit Scores
News from Go Banking Rates:

This post was contributed by our Financial Literacy Movement partner Quizzle.com.

Ever wonder what the magic is behind the very best credit scores? It might surprise you to know that building a good credit score is a lot less about tricks and more about fundamentally changing your behavior. Here are just a few common habits you’ll notice in those with better credit:

1. They spend less than they earn.

It all starts with building a monthly budget surplus. How much debt you carry and how well you pay down what you owe are heavily weighted in your credit score. The only real way to pay down debt faster and more efficiently is to have some extra cash — the only way to have extra cash is to spend less money.

2. They use credit, but don’t rely on it.

A common misconception about credit is that it is there to use when you don’t have…………… continues on Go Banking Rates

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Five Common Credit Report Mistakes College Students Should Avoid
News from Fox Business:

Making a mistake while taking a mid-term or a typo in a research paper is easy enough to erase and fix, but mistakes on a credit history can have long-term consequences for college students if they go unresolved.

The CARD Act made it more difficult for those under age 18 to obtain a credit card, but many college students still have one and are financially responsible for the balance and how it impacts their credit score.

“I know people who haven’t checked their credit report in years because some people are actually afraid to,” says Laura Creamer, financial education specialist for CredAbility. 

“You need to check it at least once every 12 months–sometimes you can be surprised by the information that’s on there and you want to catch it as soon as possible.” 

Here are the top five most common credit card mistakes and how college students and grads can fix them.  

Errors in personal information. Creamer explains that oftentimes credit reports contain simple, clerical errors, especially if a student has a common last name. 

Other frequent errors include having the wrong address or Social Security numb…………… continues on Fox Business

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Tips for gaining a good email reputation
News from iMedia Connection:

I recently rediscovered an inspirational quote a friend send me a few months back, and as I read it again, I began to think about how much it related to everything we do. While the great scholar who authored it was not talking about email, everything he says is completely true to the email eco-system.

“Regard your good name as the richest jewel you can possibly be possessed of — for credit is like fire; when once you have kindled it you may easily preserve it, but if you once extinguish it, you will find it an arduous task to rekindle it again. The way to gain a good reputation is to endeavor to be what you desire to appear.”– Socrates

Get connected. Want to stay on top of the latest trends that are driving business for today’s digital agencies? Attend the iMedia Agency Summit, May 20-23. Request your invitation today.

While the topic of reputation is a fairly popular one among email marketers, I think it would serve us all to really think about what it means for our programs. To put things in perspective, think back to when you were in high school. What kind of reputation did you have? Were you a star football player that all the girls wanted to date, were you a member of the band who made friends ea…………… continues on iMedia Connection

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‘Plastic’ a key tool for building good credit
News from Daily Illini:

As students go off to college, many receive their first credit card and are faced with the challenge of learning how to manage their own money. If anything is to be said about this, responsibility is a must, especially if it comes in the form of a little plastic card.

For a college student, receiving a credit card can be glorious. It gives you the option to spend money, without cold hard cash in your hand. Although this is true, the word ‘credit card’ means more than just a piece of plastic.

“Credit is a situation where one person or one organization loans money to somebody else,” said Kathy Sweedler, a consumer economics
educator through the University Extension Office.

Kevin Waspi, lecturer in finance, defines it more simply as “the ability to have access to other people’s money.”

Using borrowed money can be dangerous, especially for students that are just jumping into the pool of financial responsibility, but obtaining a credit card is a good learning experience.

“(A credit card) gives you an opportunity to practice using credit,” Sweedler said. “Remembering to pay your bill, making decisions about when you want to use your credit card and when you don’t want to use it, those are all things that take practice.”

Ryan Maes and Mike Ferak, seniors in Business and peer educators in the Financial Wellness Center, both agree…………… continues on Daily Illini

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7 smart uses for your tax refund
News from MSN Money:

By Stacy Johnson 16 hours ago

This post is from Brandon Ballenger at partner site Money Talks News.

Last year, more than 64 million Americans received an average tax refund of $ 2,985, according to the IRS.

Where did they spend it? Everywhere. On everything from everyday expenses to vacations and big-ticket items like giant TVs, according to a National Retail Federation survey. About two in five said they used the windfall to pay down debt.

In the video below, Money Talks News founder and CPA Stacy Johnson shares a few smart uses for tax refunds. Check it out, and then read on for more ideas…………… continues on MSN Money

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