Archive for July, 2010
Legal Free Credit Repair – Are There No Cost Options to Boost My Score?
Ian Hollander asked:
When most folks start considering fixing their credit
reports, the very first consideration usually is the cost,
and legality of the credit repair process. Cost is an
important variable for an obvious reason, these are
typically people like you and I who have had some form of
financial difficulty in the past ( or even while trying to
fix your credit) and you certainly do not want to compound
the problem by taking on another financial obligation you
cannot afford.
The other consideration should be the legality of the repair
process you are considering. Now, let me first make one
thing very clear. For the most part, by and large, most
mainstream credit repair techniques are totally and
completely legal. There are very specific and definitive
laws which not only give you the right to dispute items on
your financial file that you feel are incorrect, but also
lay out a very consumer friendly ( this is good for us! )
process by which the credit bureaus must follow in
accommodating your challenge. There is no inherent cost for
this, ( other than time and materials ) and can be done by
ANYONE regardless of education, background or means.
So if credit repair can be done legally, and for free, why
is there such controversy about the process and costs
involved?
This is a great question. Unfortunately, what happens is
that once people recognize an opportunity to profiteer from
the pain of others, and can work in some savvy marketing
materials into the mix, you end up with all of these
expensive, exotic credit repair processes that are
confusing, shrouded in questionable ethics and
effectiveness, and at worst, potentially illegal and will
put you in a much hotter kettle of water than a bad fico
score.
Things you need to avoid? File segregation services, new ID
numbers, anything that sounds like murky, muddy advice –
probably is! Anything that promises to fix your credit using
a “computer overnight” is also worth ignoring. Again, as we
have said over and over, if it sounds too good to be true,
it is!
Can you fix your credit using legal, easy, and ethical
means? Absolutely. Can it be done quickly and for a very low
cost. Yes, it most definitely can. You are guaranteed the
right to have an accurate credit report. Congress has
mandated this for all of us. It is the backbone of a fair
and balanced economic system for all Americans. If there are
items on your report that need to be challenged, you can do
this LEGALLY and for FREE!
So if your credit is problematic, no more excuses! You are
standing on the threshold of a new financial future. Take
that next step to make it a good one.
Lynn
When most folks start considering fixing their credit
reports, the very first consideration usually is the cost,
and legality of the credit repair process. Cost is an
important variable for an obvious reason, these are
typically people like you and I who have had some form of
financial difficulty in the past ( or even while trying to
fix your credit) and you certainly do not want to compound
the problem by taking on another financial obligation you
cannot afford.
The other consideration should be the legality of the repair
process you are considering. Now, let me first make one
thing very clear. For the most part, by and large, most
mainstream credit repair techniques are totally and
completely legal. There are very specific and definitive
laws which not only give you the right to dispute items on
your financial file that you feel are incorrect, but also
lay out a very consumer friendly ( this is good for us! )
process by which the credit bureaus must follow in
accommodating your challenge. There is no inherent cost for
this, ( other than time and materials ) and can be done by
ANYONE regardless of education, background or means.
So if credit repair can be done legally, and for free, why
is there such controversy about the process and costs
involved?
This is a great question. Unfortunately, what happens is
that once people recognize an opportunity to profiteer from
the pain of others, and can work in some savvy marketing
materials into the mix, you end up with all of these
expensive, exotic credit repair processes that are
confusing, shrouded in questionable ethics and
effectiveness, and at worst, potentially illegal and will
put you in a much hotter kettle of water than a bad fico
score.
Things you need to avoid? File segregation services, new ID
numbers, anything that sounds like murky, muddy advice –
probably is! Anything that promises to fix your credit using
a “computer overnight” is also worth ignoring. Again, as we
have said over and over, if it sounds too good to be true,
it is!
Can you fix your credit using legal, easy, and ethical
means? Absolutely. Can it be done quickly and for a very low
cost. Yes, it most definitely can. You are guaranteed the
right to have an accurate credit report. Congress has
mandated this for all of us. It is the backbone of a fair
and balanced economic system for all Americans. If there are
items on your report that need to be challenged, you can do
this LEGALLY and for FREE!
So if your credit is problematic, no more excuses! You are
standing on the threshold of a new financial future. Take
that next step to make it a good one.
Lynn
How to get a Great Credit Score with Equifax or Trans Union
pworkingston asked:
Things to remember to keep a high credit score with Equifax and Trans Union Canada by Charles Bristoll
Reginald
which site can you check your credit score for FREE in internet?
Posted by admin in Other - Internet on July 8, 2010
daine asked:
All of the ligitimate sources I have looked asked for money. You must to pay before you can get your free score. I thought the law said you could get a free credit score yearly. Where do I do this?
Stephanie
All of the ligitimate sources I have looked asked for money. You must to pay before you can get your free score. I thought the law said you could get a free credit score yearly. Where do I do this?
Stephanie
Does Debt Settlement Affect Your Credit Score
Marie Megge asked:
If you’re buried deep in credit card debt, you probably shouldn’t be asking if debt settlement affects your credit score. Instead, you may want to consider if you should really care what your score is. Think about your situation very seriously for a moment. You’re losing sleep and can barely make the minimum payments due on your credit cards. This situation is making you nervous and you can’t shake the sick feeling in the pit of your stomach because you’re always thinking about the money you owe and how you’ll be able to pay it back. Should you be worried? Probably, because this is a legitimate concern, and one that has the potential to remain for several years if you continue making minimum payments.
Now, jump over to the other side for a moment. Let’s say you’ve struggled and sacrificed to make your credit card payments each and every month. Because of this, your credit score is relatively high. So what? Is it worth feeling stressed out just to have a good credit rating? If you should enter a debt settlement program and your credit score is lower than you’d like it to be for a year or two, would you be awake at night thinking about your credit rating? It’s doubtful. If you’re like most people you’ll probably be so relieved to be debt-free, your credit score will be about as significant as your neighbor’s sister’s dog’s puppies.
Entering into a debt settlement program may or may not affect your credit score, depending on what your current situation is. Chances are, if you’ve made some late payments already and/or your credit cards are carrying high balances, your score is probably not as high as you may think it is. Negotiating reduced settlements with your creditors, through debt settlement, however, can save you thousands of dollars, help you avoid bankruptcy and finally get you to the point of being debt-free and stress-free in less than two years – very possibly even sooner.
If you should decide that debt settlement is your best option, be sure to hire a company you trust. If the first representative with whom you speak sounds like a salesperson and not really interested in your concerns regarding your current financial situation, there’s a good chance you’re not going to get the customer service you desire and deserve once you become a client with this particular firm. While going through the process of debt settlement, you’ll want assurance that your questions and/or concerns will be addressed promptly by the company you’ve chosen.
In summary, you should probably take a good look at what matters most to you – a lifestyle free of debt and concern, or a high credit score. When it comes right down to it, the choice really is yours, so be sure to make the decision you’re most comfortable with.
Christine
If you’re buried deep in credit card debt, you probably shouldn’t be asking if debt settlement affects your credit score. Instead, you may want to consider if you should really care what your score is. Think about your situation very seriously for a moment. You’re losing sleep and can barely make the minimum payments due on your credit cards. This situation is making you nervous and you can’t shake the sick feeling in the pit of your stomach because you’re always thinking about the money you owe and how you’ll be able to pay it back. Should you be worried? Probably, because this is a legitimate concern, and one that has the potential to remain for several years if you continue making minimum payments.
Now, jump over to the other side for a moment. Let’s say you’ve struggled and sacrificed to make your credit card payments each and every month. Because of this, your credit score is relatively high. So what? Is it worth feeling stressed out just to have a good credit rating? If you should enter a debt settlement program and your credit score is lower than you’d like it to be for a year or two, would you be awake at night thinking about your credit rating? It’s doubtful. If you’re like most people you’ll probably be so relieved to be debt-free, your credit score will be about as significant as your neighbor’s sister’s dog’s puppies.
Entering into a debt settlement program may or may not affect your credit score, depending on what your current situation is. Chances are, if you’ve made some late payments already and/or your credit cards are carrying high balances, your score is probably not as high as you may think it is. Negotiating reduced settlements with your creditors, through debt settlement, however, can save you thousands of dollars, help you avoid bankruptcy and finally get you to the point of being debt-free and stress-free in less than two years – very possibly even sooner.
If you should decide that debt settlement is your best option, be sure to hire a company you trust. If the first representative with whom you speak sounds like a salesperson and not really interested in your concerns regarding your current financial situation, there’s a good chance you’re not going to get the customer service you desire and deserve once you become a client with this particular firm. While going through the process of debt settlement, you’ll want assurance that your questions and/or concerns will be addressed promptly by the company you’ve chosen.
In summary, you should probably take a good look at what matters most to you – a lifestyle free of debt and concern, or a high credit score. When it comes right down to it, the choice really is yours, so be sure to make the decision you’re most comfortable with.
Christine
Free FICO Credit Score
Zach Ford asked:
A FICO credit score is the complex calculation of all of your past financial activities into a numerical score between 300 and 850, 300 being the worst and 850 being the best. Your FICO score is used by financial institutions to determine whether you are suitable for a loan or other credit related service.
It is very important for you to understand how your FICO score impacts your financial opportunities and, as a result, your life. Your FICO score is based on your credit report. A credit report is a history of all previous financial activities, credit cards, utility bills, mortgages, and your payment history. A better credit history results in a higher FICO credit score. Banks and other lenders use this score to evaluate your likelihood of making future payments on time, thus reducing their risk.
FICO scores range between 300 and 850, and can be grouped as such:
700 – 850 — Excellent or Very Good Credit
680 – 699 — Good Credit
620 – 679 — Okay or Average Credit
580 – 619 — Low Credit
500 – 580 — Poor Credit
300 – 499 — Bad Credit
Your FICO Score is a very important number when it comes to your finances, it shows lenders your reputation and tells them how much trust they should bestow in you. The higher your credit score, the more you will be able to pick and choose the terms of your loan, including lower interest rates. Make monitoring your FICO credit score and credit report part of your yearly financial routine. If you let your credit get away from you it could take years or mind numbing frustration to get it back into a desirable range.
How Do I Check My FICO Score and Credit Report?
Theresa
A FICO credit score is the complex calculation of all of your past financial activities into a numerical score between 300 and 850, 300 being the worst and 850 being the best. Your FICO score is used by financial institutions to determine whether you are suitable for a loan or other credit related service.
It is very important for you to understand how your FICO score impacts your financial opportunities and, as a result, your life. Your FICO score is based on your credit report. A credit report is a history of all previous financial activities, credit cards, utility bills, mortgages, and your payment history. A better credit history results in a higher FICO credit score. Banks and other lenders use this score to evaluate your likelihood of making future payments on time, thus reducing their risk.
FICO scores range between 300 and 850, and can be grouped as such:
700 – 850 — Excellent or Very Good Credit
680 – 699 — Good Credit
620 – 679 — Okay or Average Credit
580 – 619 — Low Credit
500 – 580 — Poor Credit
300 – 499 — Bad Credit
Your FICO Score is a very important number when it comes to your finances, it shows lenders your reputation and tells them how much trust they should bestow in you. The higher your credit score, the more you will be able to pick and choose the terms of your loan, including lower interest rates. Make monitoring your FICO credit score and credit report part of your yearly financial routine. If you let your credit get away from you it could take years or mind numbing frustration to get it back into a desirable range.
How Do I Check My FICO Score and Credit Report?
Theresa