High Credit Score
We know all too well that the higher your credit score is, the better your control is on your finances. Truth be told, you’ll experience better benefits, save money, and enjoy lower interest rates than most of the people who have lower credit scores.
If your credit score is high, creditors are more likely to back up your loan and give you the best rates possible as they believe in your borrowing skills. Suffice it to say, you should always strive hard and focus on getting your credit score as high as you possibly can.
One of the most vital things to avoid is having too many credit cards since this can give your prospective lenders the wrong idea that you can’t live within the money you can make and giving you another loan might just prevent you from meeting further obligations. The best thing to do is to limit your credit cards to three or four cards.
Also, pay your bills on time. You should have at a record of at least seven years of promptly paying your financial obligations. Most creditors don’t approve individuals applying for loans with a history of late payments. Simply put, if you plan on applying for a loan in the future, start getting in the habit of paying your bills on time.
Also, always obtain you credit report. Just so you know, you are annually entitled to a free credit report from credit bureaus such as and Equifax, Experian, and TransUnion. Check for any error or inconsistency and if there is any, immediately report them to the bureaus which will then fix it within 30 days after a thorough investigation. Save and monitor all account statements you have as some credit card companies have the tendency to raise your interest rate or drop your available credit if you are late on a payment, even if it’s not to their own company.
Start improving your financial status. With time and effort, you will definitely get that score you’ve been rooting for.
Categories: Credit Score Articles Tags: better, Credit Score, give, High Credit Score, time
Secured Credit Cards For Good Credit History
Secured credit cards are ideal tools in managing your finances and if you want to boost your credit score. Additionally, they are practically an essential these days if you ever want to travel, as most airlines, car rental companies and hotels need a credit card to use their services.
The main issue is that hunting down companies that give secure credit cards in this day and age can pretty challenging. The purpose of this post is to give you the inside “scoop” on finding such types of credit cards. This way, you can be on your way to having the convenience and credit building benefits that they boast of.
What is a secured credit card? When a certain person is not qualified for a “regular” credit card, maybe due to a poor credit history or due to the fact that they have yet to establish credit, their best option is a secured one. “Secured” simply means that anything you charge on the credit card is covered by your own money, for the most part in your own bank account.
That said, your credit line on these cards depend on the amount of money you have in your account to back your charges on the card.
In some cases, local credit unions and banks give these types of unsecured cards, but they are seeming to slowly sink and becoming a thing of the past, even despite the growing need in this tough economy where many people’s credit is falling apart.
One thing to be aware of is unscrupulous companies that charge ridiculous fees and “no name” cards that can only be used in their catalogs to buy their merchandise. What you must have is a secured Visa or MasterCard. These are the types that can be accepted everywhere. These will give you convenience and credit building qualities you have been dying to have.
Categories: Credit Score Articles Tags: companies, credit card, credit cards, Credit History, give, good credit history, secured credit cards, types
Good Loans With Bad Credit
When you have bad credit, getting a loan is almost not an option anymore. Luckily, though, it’s possible to still make it one of your choices. Knowing where to look into is key. However, if you want to redeem your credit score, you need to start one way or another. Here are some things to keep in mind when you’re looking for loans with bad credit.
Expect that you would not be given low interest rates, never expect this. Whatever might have happened, you are to blame for your low credit score. High interest rates happen to be one of the consequences for your previous financial mishaps.
Steer clear of major banks, as well as lenders. They are apparently the most accessible ones, but unless you’ve been a member of a small-town bank for 20 years, they will be the last ones to consider you.
Go for lenders that focus on bad credit. Give it a rest for a while if you find it really hard to find a lender that will work with you despite your bad credit. If you really can’t find approval for a bad credit loan, wait a few months and then you can try your luck again. This is the best solution to such financial dilemma.
There is no magic formula that you can use in getting approved for loans with bad credit. You only have to take your time, know every option, and find what works best for you. I’d love to tell you that it will be okay and that you’ll get that loan right away, but that’s pure lie. You won’t know what you’re eligible for unless you give it a try, and it may take quite a stretch of time for you to get back on track with regard to your credit report. Don’t give up until you go all in, effort-wise, and wait for the best.
Categories: Credit Score Articles Tags: Bad Credit, expect, find, give, lenders, Loan, loan for bad credit, poor credit
Bad Credit Loan Options
To a lot of individuals with bad credit, opting for a loan isn’t exactly a plausible option. Luckily, it can be possible if you know where to look and know precisely what it is that you want. It may seem impossible to get a loan when you have bad credit, but it’s possible!
If you want to be on track with your credit, you have to start right now. Just so you know, it will be more achievable to get a loan than to get approved for a credit card. When you want bad credit loans, here are some pointers:
The lowest interest rate will not be going your way. As a matter of fact, it’s totally off the table. Paying a high interest rate is one of the consequences in rebuilding your credit score.
Steer clear of major banks and lenders. They may be the go-to, but they will almost always reject you. Find those that work specifically with people having bad credit. Have perseverance. Also, always have the patience in improving your credit score. If you can’t get approved even for a bad credit loan, then give it some months to give it another shot.
When bad credit loans are being talked about, there is no magic wand to be used. It needs time. Also, check every option that you have. Look for those that would work best for you. It’s good to hear that it’s guaranteed that you’ll be okay and the loan will be approved, but it doesn’t work that way. You wouldn’t know until you try. Get back on track with your credit standing. This will do you good over the long haul.
Categories: Credit Score Articles Tags: approved, Bad Credit, bad credit loans, give, work
What FICO Score would you give to the US Government?
Would like to know more regarding FICO score? Do you want to enhance your knowledge about credit score?
Most of us are very concern in terms of how they can improve it. By watching this video, you will have the chance to understand better the different perspective of people with this kind of process.
You will definitely enjoy and learning more on the important things you have to remember about FICO score.
So have fun on what FICO score would you give to the US government?
Categories: Credit Score Videos Tags: FICO, give, Government, Score, would