The Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies Equifax, Experian, and TransUnion to provide you with a free copy of your credit report, at your request, once every 12 months.
Understanding The Importance Of Your Credit Score
Credit scores are become a more and more important factor in our society. Now a days it is often used in determining prices for both auto and homeowner insurance. Many employers reserve the right to do a credit check of job applicants, in the same manner they reserve the right to drug test potential employees. The fact is that your Credit Score is important.
Credit Repair From C to A Paper
If youve ever applied for a home loan with less than stellar credit, you know how much extra you have to pay. Even though it can take some time, credit repair is definitely worth pursuing.
What is Interest?
Unless you have a degree in finance, you probably don’t know all that you need to know in order to be an informed, responsible credit card user. Now you don’t need to be a finance expert to comprehend the basics covered in this article, but after reading it, you might feel like one the next time the subject comes up with your co-workers, friends, or family.
Young Adult Credit
Don’t let common mistakes like adding your child as an authorized user or a co-applicant harm his or her future credit. Imagine what a shock it would be if she attempted to buy a car or pass a credit check for an apartment, and she found out that the credit card she’d been making payments to for years isn’t on her credit report.
Never Use Payday Loans
In the past several years, payday loan stores have been popping up all over the country. With names like “Check Into Cash,” “The Cash Store,” and “EZ Money,” they offer unsophisticated consumers the promise of quick, easy cash with few questions asked. But at what price?
College Student Credit
For many people, credit is a Catch-22: They can’t get approved for credit because they don’t have a credit history, but they can’t build a credit history without first being approved for credit. Luckily for them, college students don’t tend to have this problem. Credit card companies view them as low risk, at least compared to other young people with no credit, and so they’re willing to give them a first chance.
Credit Cards – Can You Live Without Them?
In 2007, having a credit card is no longer a luxury or even a convenience – it’s a necessity. You can’t rent a car, check into a motel, or order online without a credit card.
Credit Repair and History
Although credit cards may be what land the most people in credit trouble, they’re also the best tool for credit repair. If you find yourself faced with mounting debts and worsening credit, the most important things you can do are always paying your minimum credit card bills, and not exceeding your card’s credit limit.
Bad Credit? Start Rebuilding
Once you’re back on your feet, be sure not to repeat the same mistakes you made in the past, but don’t swear off credit altogether, either. Just because you’re in bad shape now doesn’t mean that you always have to be.
Why Credit Cards Are Good
For years, the conventional financial wisdom was “credit cards are bad.” We were told that cutting up our credit cards was the only way to free ourselves from debt-ridden indentured servitude. People needed to “live within their means,” and if credit cards were ever to be used, it should be “only in the case of an emergency.”
Your Credit Score Can Be Destroyed By Simple Credit Inquiries
Credit scores can be destroyed by simple credit inquiries. Discover this valuable secret to help you keep your credit score from plummeting. Once you discover this little known technique you’ll never look at credit the same way again. By Thomas Rendleman