Credit Report and Credit Scores

Written by Andre McFayden, Ph.D.


The information on your credit report can greatly affectrepparttar interest rate and your ability to obtain a loan. So it’s very important to check your credit report early, even if you are not quite ready to buy a house just yet.

There are 3 major credit reporting agencies: Experian, Equifax and TransUnion. Everyone has 3 FICO credit scores, one from each ofrepparttar 111927 agencies. The FICO (Fair Isaacs Corporation) score is found by combining several factors,repparttar 111928 most important ones being:

• Payment History - have you been paying all your bills on time? Late payments will hurt your credit score.

• Amounts owed – do you owe a lot of money on each account?

• Length of credit history – how long haverepparttar 111929 accounts been opened? The longer,repparttar 111930 better.

• New Credit – how many new accounts do you have?

• Types of Credit in use – do you have a mix of accounts?

Generally, lenders consider credit scores of 720 and above as excellent and you will getrepparttar 111931 best interest rates. Scores of 680 to 719 are considered good and you will getrepparttar 111932 next best rates and so on.

Investor Crap Games

Written by William Cate


Investor Crap Games By William Cate

Ask not how much money you'll make from a speculative investment. Instead, ask how likely you are to lose your risk capital. Most investors will find better odds wagering their money in Las Vegas, Macao or Monte Carlo than being angel investors to private companies.

Private company speculation is far riskier than betting on stocks to appreciate in value. Your money will be in jeopardy for years. There's no liquidity in a private company speculation. You can't sell it to another investor! Worse still, if you don't meet your private company's expanding needs for risk capital,repparttar company is likely to fail. Angel investors should reflect onrepparttar 111926 Uncle Remus' tale of Brer Rabbit andrepparttar 111927 Tar Baby. The more you put intorepparttar 111928 company,repparttar 111929 more "stuck" you become.

Even if your private company is profitable, you won't recover as much money as you would from stock speculation, because public shares almost always trade at a multiple ofrepparttar 111930 balance sheet value ofrepparttar 111931 company.

A Sensible Hedge

If you are considering risking your hard-earned money in a private company speculation, send us a copy ofrepparttar 111932 business plan for review. If we can't find anything seriously wrong with it, we won't charge you forrepparttar 111933 review. If we can't suggest ways to reduce your risk, we won't charge you forrepparttar 111934 review. You have nothing to lose in having us reviewrepparttar 111935 business plan. We can usually save yourepparttar 111936 loss of some or all of your risk capital. If you have invested your money and lost it, we may be able to suggest ways to recover part or all of it.

Public Company Private Placements

As an Accredited Investor interested in high-risk speculations, you are better served risking your money in public company private placements. However, there is no shortage of crooked public company private placement investment opportunities. At best,repparttar 111937 U.S. Securities and Exchange Commission may act againstrepparttar 111938 public company swindlers long after you have lost your money. We can help you avoidrepparttar 111939 swindlers and offer you structuring suggestions that will reduce your risk of loss and enhance your potential profit. The folks seeking money rarely write investment contracts that are favorable to those folks supplyingrepparttar 111940 money. It's usually in your best interests to rewriterepparttar 111941 contract before you writerepparttar 111942 check.

Cont'd on page 2 ==>
 
ImproveHomeLife.com © 2005
Terms of Use