Insurance credit scores are used by insurance companies to determine how risky a person is and how much that person will have to pay for insurance. The use of these insurance scores has made headlines in recent years because many people consider it to be controversial. As a result of this publicity most people now know that insurance companies are using credit information but there are a lot of misconceptions about this practice.
It is hard to watch television these days without hearing about credit scores. If you are not looking to get a loan or credit card, you may be wandering whether or not they are important. Your credit score is important, regardless of whether or not you plan on applying for a credit card or loan.
Having a copy of your credit score can most often mean the difference between going deeper into debt and getting out of it. Because most people do not keep track of their credit score, they often go into deep debt without even realizing it. Every time you are late making payments to a creditor or skip one all together, you are subjected to loosing points on your credit score. Your credit score is used to show creditors and lenders how much they can trust you to pay back your …
If you have poor or no credit, you may be a target of advance fee loan scam artists.
Many people who are suffering from extreme financial troubles due to debt have successfully made use of credit counseling services. While it is often spoken of in the same breath with debt negotiation it is really quite different.
Have you ever wonder why your online application for credit can be approved in 60 seconds? Or get pre-qualified auto loan for a car without asking you how much is your income? Or why your interest rates on loans are different from the interest rates of your friends or neighbors? Your credit scoring is the factor that affects all these.
Having a good credit rating is one of the essential tools to leading a successful economic life. Although most people don’t give their credit reports much thought, good credit allows for many things that are usually taken for granted: credit cards, car rentals, hassle free loans and apartment rentals etc. . . Every time you miss a payment to a creditor, the creditor will report this to a credit bureau, and it will be added to your credit report. If you do this too often, or l…
By taking care of few simple things you can eliminate credit debts and make your financial life simpler.
Thanks to a new federal law put into place in September of 2005, everyone is entitled to one free credit report each year. This is so that you can verify that your report does not contain any false information, and so you can see how your credit rates. Getting your annual free report is as easy as going to the authorized source, www.annualcreditreport.com and requesting one.
Once you have your free report, what in the world do all those abbreviations, numbers and codes mea…
Gas credit cards are now available from almost every gas station it seems. Why would you choose one over an ordinary card?
You are responsible for your debts. If you fall behind in paying your creditors, or if an error is made on your account, you may be contacted by a debt collector. A debt collector is any person, other than the creditor, who regularly collects debts owed to others, including lawyers who collect debts on a regular basis. You have the right to be treated fairly by debt collectors.
The good thing about bad credit is that you can fix it. If you start now, over time, your bad credit can turn into good credit, and you could qualify for the loans you want at the rates you want. Find out what you need to do next.