Winning the Credit Game

Written by Cecily Backstrom


Everywhere we go,repparttar word credit can be found, shining huge dollar signs in front of our very eyes. Everyday we receive solicitation and promotions offering us credit. Credit actually makesrepparttar 144500 financial world go round, yet justrepparttar 144501 mere mention ofrepparttar 144502 word can make many people very nervous. So why does credit get such a bad reputation?

It's been my experience that credit falls intorepparttar 144503 same category as politics and religion. People have very strong opinions about Credit. It has been around sincerepparttar 144504 beginning of mankind. People would borrow either goods or services, to be repaid at a later date with interest. There's nothing wrong with that. And like anything else, it can be used, or abused.

There are programs that allow you to borrow from your IRA, or you can borrow fromrepparttar 144505 equity that had built up in your home. Credit card companies often offer promotions to borrow money at a lowered rate of interest for a predetermined period. It's all good news forrepparttar 144506 consumer. One ofrepparttar 144507 simplest ways to borrow money to use a Credit Card. The choices available are plentiful, with a variety of interest charges, annual fees, loyalty programs, and reward systems.

Many companies offer 6 months no interest credit. This is often an excellent way of saving money as you are basically given an interest free loan for those months. It's even more valuable if you are able to transfer some ofrepparttar 144508 card debt from a different company intorepparttar 144509 interest free loan. The best advice is to make sure you always haverepparttar 144510 money inrepparttar 144511 bank, or in a savings account, to pay off your card when you are taking advantage ofrepparttar 144512 interest free promotion.

How To Repair Your Credit Report

Written 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, savingrepparttar borrower over $35,000 overrepparttar 144499 life ofrepparttar 144500 30-year loan.Each of these credit agencies have taken allrepparttar 144501 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,repparttar 144502 credit cards and loans you have, and any late payments made overrepparttar 144503 last ten years. These agencies’ credit reports will be very similar, but there will be differences, as they all make mistakes, andrepparttar 144504 banks and credit card companies giving themrepparttar 144505 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 regulatesrepparttar 144506 credit

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