Credit Smart: Your Step-by-Step Guide to Establishing or Re-Establishing Good Credit Reviews
Credit Smart: Your Step-by-Step Guide to Establishing or Re-Establishing Good Credit
MAKE CREDIT WORK FOR YOU!
Written by an attorney, in simple, easy-to-understand language, Credit Smart takes you from learning about credit history and the credit application process to using credit responsibly.
– From dealing with business debt and child support to handling collection agencies
– From understanding loan requirements to fitting credit comfortably and practically into your life
Get your credit under control with Credit Smart-the vital tool for dealing with credit and credit issues.
CreditSmart includes information about:
–Credit bureaus –Student loans
–Loan disclosures –Effects marriage has on credit and debt
–Secured debts –Effects divorce has on credit and debt
–Credit reports –Fair Debt Collections Act
–Credit cards –Consumer Credit Protection Act
Understand your rights-protect your financial future
List Price: $ 18.95
Price:
More Good Credit Products
Categories: Credit Score Products Tags: Credit, Establishing, Good, Guide, ReEstablishing, Reviews, Smart, StepbyStep
The Secrets to Good Credit and Debt Reduction : A Consumer Self Help Guide
The Secrets to Good Credit and Debt Reduction : A Consumer Self Help Guide
This simple,easy to read book shares mortgage banker D.J. Williams formulas for securing or restoring good credit, getting out of debt and gives all the reasons why good credit and low debt is a must in today’s society. With this remarkable consumer self-help guide, you’ll learn:
The basics of understanding the system including how to read your credit report, scoring, and knowing your rights.
How to establish a good credit rating and restore a poor one.
Your rights when dealing with collection agencies and credit repair organizations.
Methods of getting out of debt and strategies for debt reduction.
How to survive the home loan process-stress free.
How to control your financial destiny in 15 easy-to-read chapters.
Good credit is a necessity rather than an option. Here you’ll discover proven ways to achieve financial security and freedom. You can attain, maintain, and retain good credit. Buy an extra copy for someone you know who is just starting out, considering bankruptcy, or in bondage from too much debt.
List Price: $ 12.00
Price:
Q&A: Are there ways to get “good credit” without owning a credit card?
Question by ssmith: Are there ways to get “good credit” without owning a credit card?
Because people say you need good credit to get loans for houses, etc., but then they say “don’t get a credit card, they are bad news”… so how can you get good credit other than by having a credit card?
P.S. I also already have a debit card, that works as a credit/debit card and I buy a lot of stuff online with it, which is always billed toward the credit feature… so does that mean I already have somewhat of a credit value built up?
Best answer:
Answer by cpaige517
I own a credit repair agency, ( one of the legit ones) The best thing to do is get a credit card and be responsible with the card. You can’t get credit in the future if you can not show lenders how you have handled your credit obligations in the past. The way to help your credit and be able to obtain credit whenever needed is to keep the balance of the credit card or line of credit you use under 30%. Use the card to fill up your car every two weeks. All you really need to do is show activity on the account and keep the balance relatively low. To answer your question, you can always piggy-back or mirror someone else credit. They could add you on as an authorized user to a credit card or line of credit that they already have. Be careful though because with some cards, once you’re on , you’re on and if that person defaults, it will show up on your credit as well. Rumor is that this trick is not going to work much longer because the credit bureaus have caught on and are going to stop including these type of accounts in their credit scoring process. Hope this helps.
Know better? Leave your own answer in the comments!
What Is A Good Credit Score – Exactly How Important Is It?
Do you know what really is a good credit score?Do you know why having a good credit score is important? Well, this video will answer your questions regarding what really is a good credit score and why it is important.
This video will give you a very much detailed explanation in terms of credit score and loans. You will be educated by watching the important facts related to credit score. Tips will be given for you to reach that good credit score you always wanted. Who wouldn’t want that?
That is why many people are checking on their credit score and applying for loans, not knowing there is a number of simple things you can do to increase your score.
So enjoy and take down some notes. Most of all, be inspired!
You Can Get A Good Credit Score With Bank Secured Credit Card
Bank secured credit cards are ideal for those who have no credit history or for those who have bad credit scores. Since banking or financial institutions will not grant you any loan facility or credit cards if you have no credit history to check against. Since credit history and credit score are important, your initial course would be through bank secured credit cards.
Bank secured credit cards are also extended to individuals who would like to repair their credit scores by keeping their credit reports active with new rounds of credit transactions and manifest their rehabilitated paying habits. A person may have gone through a trying experience that affected his or her capacity to pay. A major illness perhaps, a divorce or sudden loss of job are situations beyond his control which caused him or her credit score to drop from good to bad.
In some cases however, a person was simply too reckless with his spending habits until every credit purchase caught up with him. A declaration of bankruptcy was his only way out. However, these persons are not doomed for life since some banks will still take the risks of extending credit facilities through bank secured credit cards. In fact, they have very minimal risk exposure via this type of credit card since the individual will be required to put up a bank deposit account. The bank deposit account should maintain a balance, usually 0, which will be equivalent to the cardholder’s maximum credit limit. Depending on the cardholder’s history, the credit limit may be equivalent to 100% of his deposit or can even be less.
The only objective of the bank secured credit cards is to provide a credit facility that the cardholder can use to create a new credit history that will eventually overwrite the bad credit score attached to his report. It may take 5 to 7 seven years before the bad credit score can be removed in a person’s credit reputation. For those who resorted to bankruptcy declaration, it will take about 10 years from the date bankruptcy was declared before the bad credit score can be removed.
The cardholder will be prevented from incurring additional bad credit points in bank secured credit cards. The maintaining deposit will be applied in case the cardholder fails to add additional funds in his account as payment for his current credit obligation. There is a price to pay though, because the cardholder will be hit with considerable amounts of bank charges. Naturally, he will be required to replenish the maintaining balance of his security deposit in order to continue with the use of his bank secured credit card.
There are banks however who will reward a cardholder for good credit records by increasing the amount of his bank secured credit card limit, although with an equivalent increase in his bank deposit balance. What is important however is for the bank to report your good credit performance to the credit monitoring bureaus. Otherwise, all the additional costs on your bank secured credit card purchases as well as the fees and charges you have paid for will all go to waste. Your bad credit score will not change unless these reports reach FICO through the credit monitoring bureaus.
FICO or First Isaacs and Co. is responsible for tabulating all the points created by your bank secured credit card history and the company can only use the information supplied by any of the three bureaus namely Experian, TransUnion and Equifax.
Be wary of banks or credit unions that will charge you with unnecessary fees just to have a bank secured credit card. Checkout Bankrate.com for a comprehensive list of credit card companies or credit unions that issue bank secured credit cards for reasonable interest rates.
For more useful information, please visit our website: THE KNOWLEDGE BASE, and look for the BUSINESS & FINANCE section.
Written by ja_schmidt
Find More Credit Score Articles
Don’t You Wish Your Credit Was As Good As Your Game? A Quizzle.com Production
Do you always have a good or bad credit? Are you that person who is under or below your credit line? In this video it will tell you how happy you can be if you always have that credit which is above the credit line. How you can do anything and buy almost everything if you have good credit?
Well, you will see how that can happen in a snap, like to be in a emergency in which you are eyeing a big ticket item but are running low on cash. This will also teach you to maintain a good credit for you to understand that things have limits and bad things can also happen in the most unpredicted times.
This will tell you a lot of things regarding credit and after watching this video, it will let you realize how important it is to manage a good credit.
Enjoy and watch this video about how you can make your credit as good as your game!
Categories: Credit Score Videos Tags: Credit, Don't, Game, Good, Production, Quizzle.com, Wish
What is a good credit score and how to improve it?
Question by cornerblitz13: What is a good credit score and how to improve it?
Sorry, multiple part question: What is the highest credit score possible and what is the lowest possible? What can you do to improve it? And the myth that using your ATM Debit card as credit can actually improve your credit score, is it true?
Best answer:
Answer by mburleigh8
Best score i think is 850
good things to improve credit
Pay your bills as soon as you get them, quickly paying makes them happy.
ATM/Debit, is a myth This doesn’t really go towards your credit score because you are not truly borrowing $ . Its $ you already have.
What do you think? Answer below!
Categories: Credit Score Questions Tags: Credit, Good, Improve, Score
Practical Tips to Responsibly Manage Credit Cards & Maintain a Good Credit Score
Article by New Credit Applications
A good credit score can be maintained by following practical tips that will allow you to responsibly manage credit. Maintaining a good credit score and managing credit cards responsibly will afford you the future you desire. Without good credit you can not obtain a credit card, a car loan, or a mortgage. Having credit cards is a responsibility that will make or break your credit score.
Practical tips in establishing good credit card habits and being credit worthy are often not discussed enough with teenagers who leave home for college before they take on the responsibility of managing credit cards. What are some practical tips that will enable college students to responsibly manage credit cards and maintain a good credit score? There are 5 practical tips listed below that will help you to responsibly manage credit cards, and maintain a good credit score thereby boosting your credit worthiness.
Practical Tip #1 – BEGIN BY ESTABLISHING CREDIT
Compare credit cards on line, and choose one that has a low APR, and one that does not charge you an annual fee. Until you get the hang of responsibly managing credit only open two necessary credit cards to establish credit, and to maintain a good credit score. Learn how to manage two accounts simultaneously before opening additional lines of credit. Remember credit is a privilege, and a responsibility that should be responsibly managed.
Practical Tip #2 – PAY YOUR CREDIT CARD ON TIME EVERY MONTH
Missing a credit card payment or even being late on a credit card payment is not an option nor is it responsibly manage credit. If you intend to maintain a good credit score, than you must make your credit card payments on time every month. Missing a credit card payment can also negatively affect your good credit score, and it can stay on your credit report for seven years. It’s very important to be responsible by not allowing any negative marks to appear on your credit report if you want a good credit score.
Practical Tip #3 – WATCH YOUR EXPENDITURES
Responsibly managing credit cards and maintaining a good credit score includes watching your expenditures. As a rule of thumb it is generally a good idea not to charge your credit card for anything that you will not have when the credit card statement arrives. Managing credit responsibility will help you develop a thinking pattern to decide which credit card purchases are necessary. The exception to this rule is using your credit card for a specific bill you must pay each month anyway such as your car insurance. Not buying anything above what you already have to pay for monthly expenditures will build your credit and improve your credit score.
Practical Tip #4 – RAISE YOUR CREDIT LIMIT
As you continue to responsibly manage your credit cards on time most companies will allow you to request a credit card limit increase. Every credit card company and terms of each credit card is different. Some credit card companies will allow you to raise your credit limit by every 3 months, as others will only allow you to raise your credit limit annual. So keep in touch with your credit card company and find out what their terms are for raising your credit limit. As soon as you are able to raise your credit limit do so. This is to your advantage. The higher amount of credit you have available with the lowest mount of overall credit usage will significantly raise your credit score. Increasing your credit limit on a credit card is like applying for new credit only not being punished for having any additional credit inquiries added to your credit report.
Practical Tip #5 – ADD NEW LINES OF CREDIT
Once you’ve mastered responsibly managing credit cards and maintaining a good credit score than you can begin to open a new line of credit, but do so should only be done as the need arises. For example if you have to make a major purchase like a washer and dryer or a refrigerator, applying for a new line of credit to make this purchase maybe the only way for you to afford the item. Remember though you should pay the item off as quickly as possible so your debt to available credit ratio declines and thereby increases your good credit score once again. Adding new lines of credit responsibly does not afford you the opportunity to buy items on credit that you don’t need, or to go on a shopping spree when you can’t afford to do so. Also when adding new lines of credit you should remember to do so only once or twice a year as too many credit inquiries on your credit report will drop your good credit score.
Following the 5 credit tips above is a sure way for you to develop good credit habits and ultimately developing the best credit score you can. To responsibly manage credit cards and maintain a good credit score begin by establishing credit. Compare credit cards online at http://easycreditapp.newcreditapplications.com/, and choose the credit card that fits who you are. Most credit card applicants are approved instantly!
New Credit Applications is committed to helping those who don’t have a credit card or who have had credit lines taken away in the past. Easily apply online for instant approval for the credit card that most fits your needs!
Categories: Credit Score Articles Tags: Cards, Credit, Good, Maintain, Manage, Practical, Responsibly, Score, Tips