Credit Education Archive for September, 2009

• What is Identity Theft?

  by Janet Lacey

  Identity theft is a crime. It s a crime committed by robbing someone else s identity and using it for one s own benefit. It is defined as a form of deception where one person steals the personal data of another person in order impersonate the latter. The term theft used in collusion … (more) September 20, 2009

• Credit Repair Benefits

  by Janet Lacey

  You are using credit when you are borrowing some money from a lender. You are using some one else s money to buy goods and services for yourself. You are also making a promise to repay the loan efficiently. It is therefore natural for a creditor to check your credit history … (more) September 20, 2009

• Credit Repair Basics

  by Janet Lacey

  This article focuses on the basics of credit repair. Let us start with the most basic element in finance. This is the term credit. Credit basically means you are using some else s money to pay for your goods. What you are giving in return is a guarantee to repay the … (more) September 20, 2009

• Why do You Need a Good Credit Score?

  by Janet Lacey

  Before we get into why you need a good credit score, let s first understand what a credit score is. A credit score is like an SAT score about your financial status. It gives the lender an understanding as to what your credit history actually looks like. A credit score is … (more) September 20, 2009

• Understanding Your Credit Report

  by Janet Lacey

  Are you planning to go in for a mortgage? Then you must be ready with your credit report. In fact, any major financial dealing you might have will need a credit report. This is one of the most important financial documents you must have. However, you also need to understand … (more) September 20, 2009

• Understanding the Credit Score

  by Janet Lacey

  Before we get into understanding the credit score, first let s try and understand what it basically is. A credit score is like an SAT score or any other competitive exam score which actually gives a snapshot of your abilities to pay your dues. And it also gives an idea as … (more) September 20, 2009

• Improving Your Credit Score: It is not a Herculean Task

  by Janet Lacey

  Your credit score is your report card, in other words it is a record of your financial stability. Your kid strives for good grades in school and you ve got to strive for better credit scores out in the real world. And let s face it; the world is about numbers you … (more) September 20, 2009

• How to Maintain a Good Credit Report?

  by Janet Lacey

  So before we think about how to maintain a good credit score, let s first try to understand what a good credit score is? A credit score is nothing but a reflection of what your financial stability is like at the moment. It s more like a snap shot or an SAT … (more) September 20, 2009

• How does Your Credit Score Influence Your Life?

  by Janet Lacey

  The credit score is something like a mark sheet which shows how good a financial standing you have. It s more like a current index of your financial stability. So, how does this 3 digit number influence one s life? It does in more ways than one. It is kind of unsettling … (more) September 20, 2009

• Correcting Your Credit Report

  by Janet Lacey

  Have you just ordered a credit report and seen error or inaccuracies? It is possible to correct them easily. You can also easily remove any negative entries such as late payments which potentially ruin your credit score. Start off with the most basic step. Take a copy of your credit … (more) September 20, 2009