4 Things That Can Hurt Your Credit
Experts can debate the cause of the recession for years, but consumers are feeling the pinch right now through the reduced availability of credit. If you are in the market for a new home, a car or even a cell phone, it is more important than ever to make sure your credit is in great shape.
Whenever you apply for any loan, an apartment or even a job, your credit is scrutinized to asses if you are a "good credit risk." If you have a low credit score or a rocky credit history, you will see it in higher interest rates that can cost thousands of dollars more than someone with good credit.
The first step to keeping your credit in good shape is to check your credit report. Some things to look for include:
* Errors on your report
are surprisingly common and can take months to correct. Regularly monitoring your credit report can help you catch mistakes early.
* Debt-to-credit ratio
If you are maxing out your credit cards, lenders take this as a sign that you are borrowing as much as, or more than you can handle. Keep your balances at least 50 percent below your credit limit.
* Late payments
Making all your payments on time means you avoid a black mark on your credit report and can save you hundreds of dollars in late fees.
* Old accounts
Consider leaving old accounts open even if you don't use them much anymore. The length of your credit history is a factor in your credit score so it pays to keep accounts open.
Checking your credit !!
Wednesday, June 30, 2010
Tuesday, June 29, 2010
Sunday, June 27, 2010
Anyone Can Qualify for Small Personal Loans With Bad Credit
Anyone Can Qualify for Small Personal Loans With Bad Credit
Are you in desperate need of a loan to help with an unexpected financial situation, but feel there is no way anyone will lend you money with your current credit history? The good news is that it is entirely possible to get small personal loans with bad credit. In fact, not only are these loans possible, they are probably the easiest loans to get!Most people think that once their credit scores hit the “risk” level that they have no options available to them if they ever need financial help. That couldn’t be farther from the truth! There are plenty of ways for people with bad credit to get financial help and small personal loans.One of the easiest ways of getting the funds you need is most commonly through a payday loan. Payday loans are available in smaller sums. Typically the largest payday loan you will be able to get is five hundred dollars. If this is more than you need, then a payday loan is absolutely your best bet. The best part about these small loans is that most of the companies who offer them don’t check your credit score. Usually, the only qualifications for approval are a checking account that is in good standing at your bank and steady employment (they like to see between one and three months at your current job).The downside to these types of small loans is that the interest rates are usually sky high and the loans are often charged a fee that gets added to the repayment amount. It is vital that you will be able to pay these loans back on time and in full or you could get hit with ridiculously high repayment costs. And it pays to check around at a few different companies to get your best rates.Another option for bad credit small personal loans is a secured credit card. While this isn’t technically a loan, it will help you get through a financially trying time. A secured credit card is a card that comes with an initial “start up” fee that gets charged against your credit limit. Depending on the amount of credit that you have been given, the fee might be the deciding factor in whether or not you accept the card. A fifty dollar fee charged to a card with a two hundred and fifty dollar limit, for example, is not an option that you should take.If you have the opportunity to choose between a secured credit card and a payday loan, the secured credit card is a better investment than a payday loan. This is because when you make your payments on time you are taking steps to raise your credit score and create a positive repayment history. This will make it easier for you to be approved for loans later on.The important thing to remember is that having bad credit is not the end of the world. Small personal loans with bad credit are entirely possible. What’s more, a bad credit score is only temporary! It is possible to rebuild your credit score and repayment history in a relatively short amount of time.
Are you in desperate need of a loan to help with an unexpected financial situation, but feel there is no way anyone will lend you money with your current credit history? The good news is that it is entirely possible to get small personal loans with bad credit. In fact, not only are these loans possible, they are probably the easiest loans to get!Most people think that once their credit scores hit the “risk” level that they have no options available to them if they ever need financial help. That couldn’t be farther from the truth! There are plenty of ways for people with bad credit to get financial help and small personal loans.One of the easiest ways of getting the funds you need is most commonly through a payday loan. Payday loans are available in smaller sums. Typically the largest payday loan you will be able to get is five hundred dollars. If this is more than you need, then a payday loan is absolutely your best bet. The best part about these small loans is that most of the companies who offer them don’t check your credit score. Usually, the only qualifications for approval are a checking account that is in good standing at your bank and steady employment (they like to see between one and three months at your current job).The downside to these types of small loans is that the interest rates are usually sky high and the loans are often charged a fee that gets added to the repayment amount. It is vital that you will be able to pay these loans back on time and in full or you could get hit with ridiculously high repayment costs. And it pays to check around at a few different companies to get your best rates.Another option for bad credit small personal loans is a secured credit card. While this isn’t technically a loan, it will help you get through a financially trying time. A secured credit card is a card that comes with an initial “start up” fee that gets charged against your credit limit. Depending on the amount of credit that you have been given, the fee might be the deciding factor in whether or not you accept the card. A fifty dollar fee charged to a card with a two hundred and fifty dollar limit, for example, is not an option that you should take.If you have the opportunity to choose between a secured credit card and a payday loan, the secured credit card is a better investment than a payday loan. This is because when you make your payments on time you are taking steps to raise your credit score and create a positive repayment history. This will make it easier for you to be approved for loans later on.The important thing to remember is that having bad credit is not the end of the world. Small personal loans with bad credit are entirely possible. What’s more, a bad credit score is only temporary! It is possible to rebuild your credit score and repayment history in a relatively short amount of time.
What happens to your credit report after filling bankruptcy?
What happens to your credit report after filling bankruptcy?
Does all the bad credit listed on your report just get wiped out? Is there a bankruptcy listed on it?
I heard you can get credit very easily after filing bankruptcy as you cannot file bankruptcy for 7 years. Is that true? I heard it’s easy to rebuild your credit after.
What happens to your credit report after filling bankruptcy?”
The items will state, example:Visa – discharged in bankruptcy….they stay rather than everything being wiped cleanThey stay for ten yearsYou cannot file again for 8 more years
Credit card companies LOVE to give new unsecured cards to people just out of Chapter 7….Throw their offers in the trash. The last thing you need is more unsecured credit card debt just out of a BK filing. Get a secured credit card instead. The type where you put up a security deposit that equals your credit limit.
The bankruptcy will be listed on your credit report under the Public Records Section.
Your credit report is your history so the items will remain on your credit report for the time allowed per the Fair Credit Reporting Act. However, they will be noted that the debt was “Included in bankruptcy” with the amount owed shown as 0 because you are no longer legally responsible for it. If after you have the BK discharged and these show any amount owed or that it was not included you need to send in a dispute and have it corrected. But you can not have it removed.
It is fairly easy to get credit afterwards. In fact don’t be surprised to receive a ton of credit card and auto loan offers after you file. But these offers will be from Sub-Prime lenders. As a result you will not get the best rates, but high rates and fees. As a safe estimate you can expect an interest rate of about double of what you could get with decent credit. So for example if a person with decent credit could get approved for a car loan at 8% interest rate, that same bank may give you a 16% interest rate after your BK.
Does all the bad credit listed on your report just get wiped out? Is there a bankruptcy listed on it?
I heard you can get credit very easily after filing bankruptcy as you cannot file bankruptcy for 7 years. Is that true? I heard it’s easy to rebuild your credit after.
What happens to your credit report after filling bankruptcy?”
The items will state, example:Visa – discharged in bankruptcy….they stay rather than everything being wiped cleanThey stay for ten yearsYou cannot file again for 8 more years
Credit card companies LOVE to give new unsecured cards to people just out of Chapter 7….Throw their offers in the trash. The last thing you need is more unsecured credit card debt just out of a BK filing. Get a secured credit card instead. The type where you put up a security deposit that equals your credit limit.
The bankruptcy will be listed on your credit report under the Public Records Section.
Your credit report is your history so the items will remain on your credit report for the time allowed per the Fair Credit Reporting Act. However, they will be noted that the debt was “Included in bankruptcy” with the amount owed shown as 0 because you are no longer legally responsible for it. If after you have the BK discharged and these show any amount owed or that it was not included you need to send in a dispute and have it corrected. But you can not have it removed.
It is fairly easy to get credit afterwards. In fact don’t be surprised to receive a ton of credit card and auto loan offers after you file. But these offers will be from Sub-Prime lenders. As a result you will not get the best rates, but high rates and fees. As a safe estimate you can expect an interest rate of about double of what you could get with decent credit. So for example if a person with decent credit could get approved for a car loan at 8% interest rate, that same bank may give you a 16% interest rate after your BK.
Credit Repairs Unlimited Info Sheet!!
CRU CORPORATION/CREDIT REPAIRS UNLIMITED
2917 Professional Parkway Augusta , Ga 30907
Office 706-922-0160 Cell 803-634-8053 Fax 706-922-0161
Email cru1619@yahoo.com
http://www.cru-usa..info/
INFORMATION NEEDED TO OBTAIN CREDIT FILES
Name:_____________________________________________________________
Current Address/Street:________________________________________________
City/State/Zip:_______________________________________________________
Other Addresses Used in Last 2 Years:
1)_________________________________________________________________
2)_________________________________________________________________
3)_________________________________________________________________
Home Phone:_______________________________________________________
Cell Phone:_________________________________________________________
Date of Birth:_______________________________________________________
SSN:______________________________________________________________
Any other names previously used:
__________________________________________________________________
Email:_______________________________________________
Facebook:__________________________________________________________
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