How to Build Your Credit from Nothing in Six Simple Steps
News from Lifehacker:

If you pay your bills on time and have been financially responsible, but have never had a credit card or taken out a loan, your credit history is a blank slate. Lenders use your credit report to make decisions about whether or not to give you a credit card, what that card’s limit should be, or to grant you a loan. But with no credit history, there’s no record of how you would manage debt. The result: many creditors won’t lend you money no matter how responsible you may be. Here, the team at Quizzle tells you how to build credit from no credit in six simple steps.

Time for a Secured Credit Card

A secured credit card functions like a “normal”, or unsecured credit card with one exception—the credit card company requires you to put down a security deposit. Typically $ 300 to $ 500, this security deposit assures creditors that you will, indeed, pay back the money you borrow. Often, the credit limit on your secured credit card mirrors the amount of security deposit or a percentage of that amount.

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Home Schooling Guidebook
Are You Thinking About Home Schooling Your Kids, But Are Not Sure If You Have What It Takes, Or Know What Is Really Required Of You? If So, Read This Book First! It Will Save You Lots Of Time And Headaches In Researching All This Information On Your Own.
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Steps to get your credit score online
News from Economic Times:

The credit information report (CIR) provided by Credit Information Bureau (Cibil) gives a persons detailed credit history based on which a the Cibil Trans Union score is assigned. The cost and terms on which loans and other credit facilities are available to an individual depend on the credit score. It is, therefore, advisable to know the score and periodically check the CIR to make sure there are no errors that will affect the score. One should also report and rectify any errors so that it does not impact the borrowing activity.

Form: The application for the CIR and credit score can be made online on Cibils website cibil.com/online/credit-score-check.do.

Information: The n…………… continues on Economic Times

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Small improvements indicate Americans taking steps toward better credit
News from Gonzales Inquirer:

(ARA) – When you’re struggling with thousands of dollars of debt, saving a few bucks here or there may seem like a drop in the bucket. Yet in financial terms, those drops add up, and can ultimately create a more positive overall picture. That seems to be the case for the country, as evidenced by a recent report on credit scores and credit habits among American consumers.

Experian’s third annual State of Credit report, which analyzes the average VantageScore (an industry-leading consumer credit risk score with scores ranging from 501 to 990, with higher scores representing a lower likelihood of risk), debt levels and credit use of people living in more than 100 U.S. cities, found that in the past year:

* Americans’ average credit scores edged upward for the second consecutive year.

* Average debt decreased slightly.

* Income rose by nearly one and a quarter percent.

* Foreclosures fell by 12.59 percent.

* Among the 10 cities with the highest credit scores, eight had improved average scores over last year. Among the 10 cities with the lowest average scores, seven also improved their credit scores.

The cities with…………… continues on Gonzales Inquirer

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7 key steps to finding the right home loan
News from Daily Breeze:

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 the Minneapolis company FICO, will knock most potential buyers out of the running for a mortgage. And even if you can qualify for a loan, lenders reserve their best interest rates for borrowers with the highest credit scores – typically 740 and above. If a bad credit score pushes up your interest rate by even one percentage point, you could end up paying $ 85,000 more over the life of a $ 400,000 loan, according to Tracy Becker, president of North Shore Advisory, a credit repair company in New York state.

To see where you stand, start by c…………… continues on Daily Breeze

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Will a Settled Car Loan Help My Credit Score?
News from Fox Business:

Dear Driving for Dollars,
If I pay a settlement amount on my car loan and they mark “settled” on my credit, will it help my credit score?
— Trish

Dear Trish,
Settling a car loan debt, when you and the lender agree on a lower balance than your original loan and make the loan paid in full, will lower your credit score compared to paying the car loan on time. I’m guessing that you are asking if settling will help your score because you are already experiencing damaged credit due to late payments or missing them entirely.

The more late payments or missed payments you have, the more your credit score will decline. As a result, if you are unable to make the payments per the original terms of your car loan, then settling the debt sooner rather than later would help your credit score in the sense that it would have a smaller drop than if you continued to miss payments.

Get more news, money-saving tips and expert advice by signing up for a free Bankrate newsletter.

Bankrate’s content, including the guidance of its advice-and-expert columns and this website, is intended only to assist you with financial decisions. The content is broad in scope and does not consider your personal financial situation. Bankrate recommends that you seek the advice…………… continues on Fox Business

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Mortgage Musts: 7 key steps to get a home loan
News from MyWebTimes.com:

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:

1. IMPROVE YOUR CREDIT SCORE: A credit score below 620, as measured by the Minneapolis company FICO, will knock most potential buyers out of the running for a mortgage. And even if you can qualify for a loan, lenders reserve their best interest rates for borrowers with the highest credit scores — typically 740 and above. If a bad credit score pushes up your interest rate by even one percentage point, you could end up paying $ 85,000 more over the life of a $ 400,000 loan, according to Tracy Becker, president of North Shore Advisory, a credit repair company in New York state.

To see where you stand, start by checking your credit report, which is available free at annualcreditreport.com, preferably at least six months before you’re ready to shop for a home. You can get a free report once every 12 months from each of the three credit reporting companies — Experian, TransUnion and Equifax. Make sure there are no mistakes on the re…………… continues on MyWebTimes.com

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5 Steps to Help You Improve Your Credit Score
News from Fox News:

Having a good credit score can make your life easier. You could qualify for loans with better interest rates, rent a house or apartment, and get service from telephone and utility companies. On the other hand, having a bad credit score can make getting all of this much harder.

So what should you do if you want to improve or maintain a good credit score? The following tips might help.

1) Request a free credit report

You can request a free copy of your report every 12 months from each of the three main credit bureaus: Equifax, Experian and TransUnion. The official website to get your free credit report is www.annualcreditreport.com.

2) Understand Your Credit Report

Understanding your credit report will help you make better decisions when it comes to your finances, because your credit score is based on your credit report. It includes personal information about you such as:

  • Your payment history.
  • How many loans you have and how much you owe.
  • If you have ever filed for bankruptcy.

3) Check Your Credit Report

Sometimes information on your credit report might be incorrect or incomplete. That’s why you should check it periodically.

If you do find a mistake,…………… continues on Fox News

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The Credit Score – KTVL
News from The Credit Score – KTVL:

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GOP proposal would cut food stamps


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U.S. leaders condemn photos of soldiers and corpses


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How to Improve Your Credit Score in 5 Steps
News from Go Banking Rates:

It can’t be overstated enough that improving your credit score plays an integral role in affecting day-to-day spending habits. From the interest rates we’re offered, to the loans and credit cards we’re accepted (or rejected) for, Garden State residents are well aware of this fact — it was recently reported that New Jersey proudly held the second highest national credit score in the United States.

More than ever before, our credit histories reflect more than just that. And our credit scores are more than just a number, but a representation of our financial responsibilities.

Poor credit can make or break one’s professional life, as potential employers scrutinize credit histories for blemishes that can disqualify us from that next big career break. And insurance providers may decide what kind of auto and health premium rates we’ll be offered based on our credit standing. As we’re still reeling from these recessionary times, lenders have also tightened their standards and many even reject good credit.

A 750 score or higher will qualify for the enviabl…………… continues on Go Banking Rates

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The Score


The Score – Original Poster
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Resolutions: 3 steps to improve your credit score
News from The Boston Globe:

You didn’t get into a credit mess overnight, so don’t expect to get out of it quickly. It will take time to bring your credit score up, but don’t let that deter you.

Credit scores are an integral part of life, yet the ratings remain a mystery to many. Nearly 60 percent of respondents to a Visa Inc. survey incorrectly believed that employment history was factored in; almost 59 percent mistakenly thought the interest rates on their current debts played a role.

The most commonly used scoring system is produced by FICO Inc. and uses a range between 300 and 850. An individual can have several FICO scores. That’s because the company creates a separate formula for scoring various types of lending – mortgages, credit cards, auto loans – as well as other financial transactions, such as insurance.

All FICO scores weigh factors like payment history, amounts owed, length of credit history, how much new credit a borrower has sought recently, and the types of credit used (mortgages, credit cards, auto loans, and so forth).

These details are on your credit report, compiled by credit reporting agencies. There are three main ones; Equifax, Experian, and TransUnion.

It’s important to know how the scores lenders use vary from the “educational’’ scores peddled by the credit reporting agencies and other companies, said Liz Weston, author…………… continues on The Boston Globe

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Soft checks for loans and credit cards: Avoid damaging your credit score
News from This is Money:

By Tara Evans

Last updated at 11:21 AM on 19th January 2012

Some comparison websites and lenders are offering customers ‘soft’ credit searches when applying for loans and credit cards. These promise to not leave a footprint on your credit rating – but how do they work? And are they reliable?

Whenever you make an application for a credit card or loan it leaves a mark on your credit score.

Applications typically make up about 10 per cent of your credit score – so making a large number of applications can have a negative impact on your rating.

Assured: Multiple applications for credit can damage your score – we explain how new ‘soft’ checks help you find the most suitable product.

James Jones of credit reference agency Experian says: ‘Every application that is made leaves a footprint on your credit report. If you’re making a lot of applications in a short space of time then this can have a negative impact on your score.’

However, some comparison sites and lenders have introduced a ‘soft’ check feature to give customers an indication if they’re likely to get accepted for a product.

The majority of fi…………… continues on This is Money

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End Credit Score Suite

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Did you promise to boost your credit score in 2012? These 3 steps can get you …
News from The Republic:

NEW YORK — You didn’t get into a credit mess overnight, so don’t expect to get out of it quickly.

Although it will take time to bring your credit score up, don’t let that deter you from getting started on your New Year’s resolution. You won’t vault from the depths to the top of the heap in a few months, but you can make significant gains. Making the effort should help you get your overall finances in order.

Credit scores are an integral part of everyone’s financial life, yet the ratings remain a mystery to many. Nearly 60 percent of respondents to a Visa Inc. survey last year incorrectly believed that employment history was factored into scores, and almost 59 percent mistakenly thought the interest rates on their current debts played a role.

Those elements are important when it comes to the ability to pay debt, but are not part of a credit score. Neither are other factors like race, age or gender.

The most commonly used scoring system is produced by FICO Inc., and uses a range between 300 and 850. One individual can have several FICO scores. That’s because the company creates a separate mathematical formula for scoring various types of lending, like mortgages, credit cards and auto loans — as well as other financial transactions, such as insurance. All FICO scores weigh factors like payment history, amounts owed, lengt…………… continues on The Republic

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Soft checks for loans and credit cards: Avoid damaging your credit score
News from This is Money:

By Tara Evans

Last updated at 11:21 AM on 19th January 2012

Some comparison websites and lenders are offering customers ‘soft’ credit searches when applying for loans and credit cards. These promise to not leave a footprint on your credit rating – but how do they work? And are they reliable?

Whenever you make an application for a credit card or loan it leaves a mark on your credit score.

Applications typically make up about 10 per cent of your credit score – so making a large number of applications can have a negative impact on your rating.

Assured: Multiple applications for credit can damage your score – we explain how new ‘soft’ checks help you find the most suitable product.

James Jones of credit reference agency Experian says: ‘Every application that is made leaves a footprint on your credit report. If you’re making a lot of applications in a short space of time then this can have a negative impact on your score.’

However, some comparison sites and lenders have introduced a ‘soft’ check feature to give customers an indication if they’re likely to get accepted for a product.

The majority of fi…………… continues on This is Money

… Read the full article


Want a healthier diet? Try these six steps in the year ahead – Milwaukee Journal Sentinel

Want a healthier diet? Try these six steps in the year ahead – Milwaukee Journal Sentinel
News from Want a healthier diet? Try these six steps in the year ahead – Milwaukee Journal Sentinel:

As sure as there will be another year, there will be New Year’s resolutions. They usually go something like this: Pay off all debt. Finally quit smoking. Shed those pesky 25 pounds that don’t seem to budge. . . .

Despite the wide array of ways we can feel, look and live better, one thing rings true. Most of these resolutions are so extreme that they have very little staying power.

“People easily become discouraged when they set big goals because they are too overwhelming,” said Sarah Zangerle, registered dietitian at Froedtert & the Medical College of Wisconsin’s Comprehensive Weight Loss Center. “In order to keep the motivation going, it’s important to focus on small, achievable goals.”

In other words, baby steps.

Below are six steps to follow toward a healthier diet in 2012, each over a two-month period. How easy is that?…………… continues on Want a healthier diet? Try these six steps in the year ahead – Milwaukee Journal Sentinel

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HUFFPOST HILL
News from 0.00032 Percent Of Americans Prepare To Caucus: Our Definitive Coverage – Huffington Post:

Caucuses day! Tonight, 100,000 Iowans will help determine the leader of the free world while five million other Americans watch the premiere of “Work It,” an ABC sitcom about two men who find employment by cross-dressing. You can practically *smell* the democracy! Earlier, Congressman Hank Johnson giddily referenced a 5.2 magnitude earthquake near U.S. soil as proof that Guam might capsize. And, like a good Christian, Rick Santorum turned the other cheek when asked about the man who glitterbombed him. The fool! Doesn’t he know how insanely difficult it is to de-glitter one’s cheek??? This is HUFFPOST HILL for Tuesday, January 3rd, 2012, and we’ll be back later tonight with a special post-caucuses edition:

LOOK, WE’RE SORRY, BUT YOU HAVE TO MAKE UP YOUR MIND AT SOME POINT – You know it’s…………… continues on 0.00032 Percent Of Americans Prepare To Caucus: Our Definitive Coverage – Huffington Post

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