Debt Consolidation – What to Look For, What to Watch Out For
With recent market dynamics, the average American has accrued more debt than savings, which is detrimental to long-term financial health. Many options are available that can assist you in achieving your financial goals to free yourself of heavy debt. Debt consolidation has become a growing trend for consumers to conveniently lump all of their monthly payments together into one solution. Many professional debt consolidation experts can help you through the convenience of the Internet. Debt consolidation ...Free Credit Reports
How to Order Your Credit Reports The only authorized website where you can order your credit reports for free is at Annual Credit Report (www.annualcreditreport.com). This site is operated by the three major credit agencies and is the central hub where orders are placed. You can also order them by phone through each of the three credit bureaus. The Major Credit Bureaus These are the three main credit bureau agencies operating in the United States:...Credit Scoring is like a Teeter Totter
Back in the days when it was okay and acceptable to have dangerous, limb-breaking, skull-cracking playground equipment on school playgrounds (You know, the kind of toys that were actually fun to play on?), I remember fondly the HUGE Teeter Totters we had next to the Kindergarten Portables at Fern Hill Elementary in Tacoma, WA. Possibly my perspective is affected by my advancing years and the fact ...Credit Scoring In Plain English
Most people understand that there are 3 major credit bureaus who keep track of all your credit transactions, and that they give you a rating – known as a “credit score”. But very few people understand how this “score” is actually determined. It is a complicated mathematical scientific formula locked away in a secret vault somewhere, but you don’t want “complicated”, “mathematical”, or “scientific” mumbo jumbo to stuff in your head, so ...Credit Report Errors? Or Deliberate Misreporting?
You just got a copy of your credit report and it is full of errors and accounts that aren’t yours. Your first reaction is to get mad at the credit reporting agency for being so stupid and ruining your life. But hold on a second there pardner… Before you direct your anger at the wrong place, you need to understand that the credit reporting agencies rarely make errors. The report you have in ...How Many Credit Accounts Should I Have?
Many people ask me, “How many credit account should I have?” I could give you a “Well, it depends...” kind of answer, but you are reading this looking for real answers and advice, so I’m going to boldly give you an answer. I don’t know of any scientific study that suggests that my answer is the correct one. All I can tell you is, I’ve dealt with literally thousands of credit reports over the ...Where To Get Your Free Credit Report
Before you can start working on raising your credit score, you need to get a copy of your credit report to see what you’re dealing with. You’ve no doubt heard of the website FreeCreditReport.com, and this is one place you can get your report if you’re willing to sign up for a $14.95 a month credit monitoring service (you do have 7 days to cancel before you have to pay anything – just be ...Credit Scoring with Your Credit Card: Magic Number is Still “30”
In order to score maximum points towards your credit score, you should always keep your credit card balances below 30% of the credit limit. And one thing many credit users don’t stop to consider is: you don’t know which day of the month your credit card company reports to the credit bureaus. So you may be paying off your bill in full each month when the statement comes, but if you are charging up the ...How to read a credit report to improve your score
Most Americans today suffer from less than stellar credit. The very first step in improving your credit involves ordering free personal credit reports from the three major credit bureaus, Experian, Equifax and TransUnion. However, once the credit reports arrive to you, it is filled with abbreviations, numbers, terminology, and difficult formatting. In order to begin repairing your credit, it is important that you learn how to read a credit report. The credit reports that you ...Latest Articles
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