Free Credit Report Watch Out for ScamsWritten by Charles Essmeier
Many people may still not be aware of an amendment to Fair Credit Reporting Act (FCRA) that Congress passed last year. This amendment allows U.S. citizens to receive a copy of their credit report, for free, once per year. The plan is being rolled out slowly in order to avoid swamping system, but people living in West and Midwest can receive their credit reports now, and everyone will be able to obtain a free credit report by September of this year. Those seeking a copy of their credit report should watch out, however, as not everyone who promises a free credit report is actually delivering one.
These free credit reports may be obtained through official Website: http://www.annualcreditreport.com. Additional information is available at Federal Trade Commission Website at http://www.ftc.gov/credit . Obtaining a copy of your credit report through this site is easy, and only requires your name, Social Security number, date of birth, and address. That would seem fairly straightforward, but there are many companies, some legitimate and some not, that are interested in attracting business of those who seek copies of their credit report, and scams are flourishing.
Some companies have established Websites with addresses that are very similar to address of official site. These sites promise a free credit report,
| | Guide to Homeowner LoansWritten by John Mussi
Here is a useful guide to Homeowner Loans. A Homeowner Loan is a loan secured against your home. Homeowner loans can help you unlock capital tied up in your home. They offer solutions that many other loans do not offer, like long repayment terms. Homeowner loans are secured against your home which will be at risk if you can not meet your repayments. Homeowner loans are a popular secured loan where your home is used as security to lender for money you borrow. In other words, if you don't pay back loan, lender can, in extreme circumstances, sell your house in order to recoup any losses. Homeowner loans are also known as second charge loans or second mortgage loans. A Homeowner Loan is any loan which requires borrower to provide lender with some form of security, in case of our Homeowner Loans 'security' will be a mortgage over borrower's home. How much you can borrow with a homeowner loan depends on how much equity is in your house. While lender benefits from peace of mind of knowing that loan is secure, there are many benefits to consumer of homeowner loans. Firstly, compared with unsecured loans, homeowner loans tend to be faster and easier to arrange. As a homeowner, you can borrow against value in your home without spending your equity. With a homeowner loan, you can keep your current mortgage, so you don't need to remortgage in order to realise value of your equity and homeowner loans usually have a lower rate of interest than unsecured loans.
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