How To Repair Your Credit ReportWritten by Tom Coleman
A credit report is run on a buyer when he or she needs to buy something that will take a long-term loan, such as an automobile or a house. The credit report can come from one of three agencies – Equifax, Experian, and Trans Union. Each of these three agencies uses their own techniques of arriving at a credit score and receiving credit information, so attention should be paid to all three. A credit report score can go up to 800, and an increase of 50 points is a big one, enabling borrowers to get loans they previously were denied, and getting loans at much better interest rates. A 1% drop in an interest rate on a $150,000 house, for instance, may drop a payment by over $100 a month, saving borrower over $35,000 over life of 30-year loan.Each of these credit agencies have taken all financial information they can find about you and tabulated a credit score from those results. Information will include your current and previous home addresses and employers, credit cards and loans you have, and any late payments made over last ten years. These agencies’ credit reports will be very similar, but there will be differences, as they all make mistakes, and banks and credit card companies giving them information make mistakes, too.Here’s where you can improve your credit score. Any request for a change in information in a credit report must be answered and corrected within 30 days because federal law regulates credit
| | Moneynet promotes a more ethical approach to investing with new ethical investment product guide.Written by Bigmouthmedia
Moneynet.co.uk, UK’s most established personal finance consumer information website, has published latest edition in its series of online product guides to help consumers get to grips with increasing complexity of personal finance products.Continuing success achieved by previous credit card, mortgage, life insurance and loan guides, Moneynet has issued a new guide to cover subject of ethical investment. With number of ethical investors in UK growing each year alongside public awareness of pollution, fair trade, child labour, arms sales and similar contentious issues, Moneynet aims to ensure consumers can make informed decisions about their finances. Ethical investing has gone from being a 'fringe' activity - previously seen as practice of tree-huggers and sandal-wearers - to a going concern that offers clear-conscience alternatives for full range of financial products including mortgages, bank accounts, utilities, investments and pensions. Moneynet’s latest guide aims to encourage and help consumers acknowledge and understand “socially responsible investing”, as well as providing enlightenment on products available. Through information provision and access to ethical financial product providers, consumers can take control over their personal finance situation, making sensible financial decisions with a clear conscience. Moneynet provides comparative information for savings and investments, credit cards, loans, insurance, mortgages and utilities: giving consumers access to practical and ethical choices on different financial aspects of domestic life. Richard Brown, Chief Executive of Moneynet.co.uk said “'there is a growing awareness of these issues and we hope that our guide will help to answer some of questions that are frequently asked. As with all our guides, Guide to Ethical Investing is designed to help consumer make most of their money.'”
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