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Raise a Credit Score – The Financial Benefits of Raising Your Bad Credit Score

November 11, 2010 6:00 pm Published by Michael

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Raise a Credit Score – The Financial Benefits of Raising Your Bad Credit Score

Raise a Credit Score – The Financial Benefits of Raising Your Bad Credit Score

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Home Page > Finance > Credit > Raise a Credit Score – The Financial Benefits of Raising Your Bad Credit Score

Raise a Credit Score – The Financial Benefits of Raising Your Bad Credit Score

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Posted: May 19, 2010 |Comments: 0

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Raise a Credit Score – The Financial Benefits of Raising Your Bad Credit Score

By: Rose Graham

About the Author

Rose Graham has been involved in the public sector, helping consumers rebuild their financial well being for the better portion of her working life.

(ArticlesBase SC #2407173)

Article Source: http://www.articlesbase.com/ – Raise a Credit Score – The Financial Benefits of Raising Your Bad Credit Score

You stand to save a lot of money if you raise your credit score. Your bad credit rating may not only create social embarrassment for you but may also cause financial loss. If you raise credit score, you will enjoy many financial benefits. You will be in a position to plan your future finances better. Today, when you think about your child’s education or your plan to purchase a new house, everything begins and ends at the fact that you do not have a good credit history. Until and unless you improve the same, all your efforts to plan your finances will be based on a very big contingency. If you do not have a high credit rating, you will have to pay a lot of money as down payment. You will have to offer collateral or a guarantor to go in for a college education loan. Further, those who have a lower credit rating for a long period of time face higher risk as far as bankruptcy is concerned. Hence, not only will you face problems in planning for the future, the future itself will be bleak until unless you raise credit score. Financial benefits of improving your credit rating include – better chances of getting affordable loans. Secondly, individuals would find it easier to negotiate from position of strength. From private mortgage insurance to the total down payment expected from the borrower – everything depends a lot on the credit rating. Of course, it is not the only factor that is considered. You can also make use of your current income, your assets and other factors. However, all this will be possible only if you have an exceptional record in all other aspects apart from your credit rating. Average individual earning a steady amount of money every month cannot come up with a savings of a hundred thousand dollars to impress his or her lenders. For such a person, the best option is to raise credit score. To improve your score and to sustain it means an improvement in management of finances. You will find that you are saving more money and are more disciplined with credit cards and other unsecured debts if you are successfully raise credit score. This is because improving your score and sustaining it needs discipline and commitment. This will automatically have a positive impact on other aspects of your financial life. There are many persons who began focusing on the credit score but ended up improving their way they managed their finances.

The process to erase bad credit can be time consuming. If you are working within a certain time frame and need a faster process, options are available. Reading through your credit report and eliminating the negative marks, through disputation, can erase bad credit. Visit the following link for more information on how to repair your credit quickly and legally:
Increase Credit Score

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Rose Graham –
About the Author:

Rose Graham has been involved in the public sector, helping consumers rebuild their financial well being for the better portion of her working life.

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Lastest Raise Credit Score News

November 11, 2010 6:00 am Published by Michael

Ain’t no money in the heart of CITI
Raise Credit Score
Image by Stargazer95050
This is TOO MUCH — put an end to charging us for your mistakes & fat bonuses.
Fortunately, I bought my "C" stocks at less than .00 so it now is time to dump them (@.50). If I quit CITI, I’m sure I’m not the only one they drive away ….

Thus I’m downgrading the rating to SELL from HOLD. And given the runup, I think itis overdue for some profit taking :-))

If I bet the farm on the wrong horse — I loose and end up on the street. Hard but only fair.
You gambled with more money than you actually had — and lost. And you still sit in your comfy office chairs !! You should be rotting in hell instead or at least be out on the street.

An interesting read The Size of Derivatives Bubble = 0K Per Person on Planet — apparently no one ever questioned this before :
1,144 trillion dollars in terms of outstanding derivatives,

1. The entire GDP of the US is about USD 14 trillion.

2. The entire US money supply is also about USD 15 trillion.

3. The GDP of the entire world is USD 50 trillion. USD 1,144 trillion is 22 times the GDP of the whole world.

4. The real estate of the entire world is valued at about USD 75 trillion.

5. The world stock and bond markets are valued at about USD 100 trillion.

6. The population of the whole planet is about 6 billion people. So the derivatives market alone represents about USD 190,000 per person on the planet.

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© Copyright 2009, All rights reserved. Do not copy or otherwise reuse my photos.
See flickr TOS on how to link back to a photo. Contact me if you want a print or e-copy.

Fast Credit Repair
WRAPUP 2-China raises expectations of more rate rises
* C.bank unexpectedly increases bill yield at auction
Fast Credit Repair
Read more on Reuters via Yahoo! Philippines News

Big Ten Football: 12 Thoughts on Week 10
It’s been a while since I’ve done a “12 Thoughts” segment. I’m way overdue.
Fast Credit Repair
Read more on CBS Sports

Repair Bad Credit – Raise Credit Score – Chris The Credit Guy – Dispute Late Payments

November 9, 2010 6:00 am Published by Michael

www.christhecreditguy.comRepair Bad Credit and Raise Credit Score. Free Online Video Series w credit expert Chris The Credit Guy. Fix credit score and fix bad credit and increase credit score. This video explains how to dispute late payments.
Fast Credit Repair
Video Rating: 0 / 5

Credit Scores Count – Find Out How to Evaluate and Raise Yours

November 7, 2010 6:00 pm Published by Michael

Fast Credit Repair
by Stargazer95050

Credit Scores Count – Find Out How to Evaluate and Raise Yours

Credit Scores Count – Find Out How to Evaluate and Raise Yours

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Home Page > Finance > Credit > Credit Scores Count – Find Out How to Evaluate and Raise Yours

Credit Scores Count – Find Out How to Evaluate and Raise Yours

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Posted: Mar 06, 2008 |Comments: 0

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Credit Scores Count – Find Out How to Evaluate and Raise Yours

By: Cathy Taylor

About the Author

Cathy Taylor is a marketing consultant and freelance writer and can be reached at creativecommunications@cox.net

(ArticlesBase SC #352701)

Article Source: http://www.articlesbase.com/ – Credit Scores Count – Find Out How to Evaluate and Raise Yours

Why do some people get offers for pre-approved credit cards and others don’t? What do car dealers know about your financial health that you don’t know? The answer is your credit score.

Your credit score is a number generated by a mathematical formula to estimate how likely you are to pay your bills. Based on the information in your credit reports from the three credit bureaus, Equifax, Experian, and TransUnion, your credit score has been a factor in your ability to qualify for loans and good interest rates for more than twenty years. Lenders compare your credit report with millions of others to determine your score.

While there are a variety of credit scoring methods available to lenders, the most widely used is the FICO score. Based on a scoring system developed by Fair, Isaac & Co., FICO scores range from approximately 300 to 800 points and are provided to lenders by the three credit bureaus. You also have access to your FICO scores but will be charged a fee by each credit agency providing your report.

According to Fair Isaac, the credit scores of the American public are divided as follows:

• 499 and below 1 percent

• 500-549 5 percent

• 550-599 7 percent

• 600-649 11 percent

• 650-699 16 percent

• 700-749 20 percent

• 749-799 29 percent

• 800 and above 11 percent

A score of 720 or higher will probably get you the best interest rates on a home mortgage. Your credit card company looks at your credit score to decide whether or not to raise your credit limit or charge you a higher interest rate. The higher your credit score, the better you look to lenders and the lower your interest rates.

Several factors affect your credit score including your payment history, the length of your credit history, any outstanding debt, how long and how often you’ve had derogatory credit information, such as bankruptcies, charge-offs, or collections, and the amount of credit you are using compared to the amount of credit available to you.

So how do you raise your credit score? Well, the first thing to do is to order a copy of your credit report with the score included from each of the three credit bureaus. Review your reports and note any discrepancies. Correcting blatant errors is the first step to repairing your credit, and changes can take up to three months to be recorded.

Next, remember to pay your bills on time. It may seem like a small thing at the time you’re writing that monthly check, but an accumulation of timely payments says a lot to a potential lender looking for a reliable client. Prompt payments in the last few months can actually make a big difference in your credit score.

While collections, bankruptcies, and late payments have the greatest negative effect on your credit score, your debt is a factor as well. Keeping your account balances between 25% and 50% of your available credit signals a responsible borrower. For example, if you have a credit card with a 00 limit, keep your debt below 00. For this reason, consolidating your credit card debt can actually lower your credit score, as it raises the ratio of your debt to your available credit. The best solution is to simply pay off your existing cards as quickly as possible.

Excessive inquiries over a short period of time also damage your score. When lenders, banks, or credit card companies check your credit report, the inquiries are recorded. Several of these “hard inquiries” in the same time period may signal to other lenders that you are opening multiple accounts due to financial difficulty.

If you discover that you have accounts on your report that you didn’t open, or your public records such as tax liens or judgments that are not yours, you may be a victim of identity fraud. It is up to you to deal with the damage that can happen to your credit score because of this criminal activity. Being aware is your first step, but when the items end up on your report, you have no alternative but to clean it up.

Overall, give yourself time to build a good credit score and even more time to correct serious problems. The length of your credit history is another determining factor in a good score. Lenders want to know that you are able to maintain prompt payments and good standing for a period of time. So check your reports yearly, do your due diligence, and your score can improve.

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Cathy Taylor –
About the Author:

Cathy Taylor is a marketing consultant and freelance writer and can be reached at creativecommunications@cox.net

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Having A Good Credit Score Is Extremely Beneficial

November 6, 2010 9:05 pm Published by John Smith

What does ‘credit rating’ mean? It is actually an assessment of the credit worthiness of individual citizens and corporations. Based on this assessment banks and financial institutions approve any credit facility to people and companies. The credit score is a statistical method which helps you to understand the possibilities of a party paying back the amount that has been borrowed. While dealing with credit scores you may get to hear the term “FICO score” – FICO is an acronym for the Flair Isaacs Corporation, the creator of the software that is used for calculating credit scores. Generally, scores that hover around the 350 mark is thought to be highly risky, while the scores that stand around 850 are of the lowest risk. A lot of factors are considered while assessing your credit worthiness, these are:
* The previous credit performance
* Current level of indebtedness
* The time for which credit has been used
* The types of credit presently available
* Pursuit of new credit options

Everywhere people are increasingly opting for plastic money over currency bills as they are finding it more convenient. While checking the latest credit card offers everyone realizes the utmost need to have a good credit rating. Your credit rating can effect where you live, what you buy and what you use to buy. It can affect your likelihood to be approved for a loan, a mortgage or a new credit card.

According to survey reports, an individual’s credit score is most affected by the historical propensity of paying off the debts. Therefore, the best way to improve credit score is to pay off the debts fairly quickly and regularly keeping track of your score.

Experts have claimed that it’s essential to maintain a healthy credit score of 720-850 as it will provide you with low interest rates of around 5.49% on your borrowings as compared to an interest of 9.29% for a score of 500-559. Having high interest rates can make it more difficult to pay bills on time and make your bills more expensive. Therefore having a healthy credit score can also save you more money in the long run.

Learn more about credit score. Stop by John Smith ‘s site where you can find out all about credit report tips and what it can do for you.

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Categories for Raise Credit Score

Lastest Raise Credit Score News

Repair Bad Credit – Raise Credit Score – Chris The Credit Guy – Dispute Late Payments

Credit Scores Count – Find Out How to Evaluate and Raise Yours

Having A Good Credit Score Is Extremely Beneficial

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Spotlight

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Categories for Raise Credit Score

Raise a Credit Score – The Financial Benefits of Raising Your Bad Credit Score

Lastest Raise Credit Score News

Repair Bad Credit – Raise Credit Score – Chris The Credit Guy – Dispute Late Payments

Credit Scores Count – Find Out How to Evaluate and Raise Yours

Having A Good Credit Score Is Extremely Beneficial

Social EntrepreneurshipSpotlight

World Economic Forum Launches Learning Exchange on Social Impact Investing

Federal Government Grant and Assistance Programs

Social Entrepreneurship
Spotlight