Credit Education Archive for 2010

• Regaining financial freedom with debt help

  by Janet Lacey

  Financial freedom is about living within your means and making sure that you don t incur debts far beyond what you can pay for. It is about recognizing that your money is under your control and though there may be times when circumstances dictate spending out of proportions (accidents, emergencies, etc ), … (more) December 31, 2010

• Managing debts in the usual way

  by Janet Lacey

  Finance and debt topics are common on the internet and in several debt management manuals. The thing common with these advices is that it becomes general in approaching individuals with problems in managing their debts. This kind of approach is slightly skewed because people have different circumstances. Therefore, debt advices … (more) December 27, 2010

• Determinants for computing credit scores in fair isaac’s formula

  by Janet Lacey

  Credit card and loan companies use a standard to determine who will be their possible clients. It is risky for these companies to let all people borrow unlimited money from them because each person differs in terms of his capacity and capability to pay the kind of loan they apply … (more) December 23, 2010

• Improving credit score considering the factors affecting it

  by Janet Lacey

  The credit score is the finance evaluation of an individual s creditworthiness. The credit score is affected by a confluence of factors including an individual s credit history and income. Here are the other factors that determine an individual s creditworthiness: Payment history assessment of whether the credit holder has consistent payment patterns … (more) December 19, 2010

• The importance of a credit report

  by Janet Lacey

  The credit report is important because it proves the credibility of a cardholder s credit score and also shows whether or not an individual needs credit repair. The government has previously taken measures to allow cardholders to view their credit reports at least once in a year for free. The credit … (more) December 15, 2010

• Common categories in credit reports

  by Janet Lacey

  Several credit report agencies had been established for a particular goal. The goal is to provide their clients with the most accurate record of the person or firm s credit record which includes the loan and paying history. It also aims to show late payments incurred by the individual and if … (more) December 11, 2010

• Do-it-yourself strategies for basic credit repair

  by Janet Lacey

  The law allows cardholders to dispute negative items on their credit reports. Investigation on the information in question is then expected of the credit bureaus. The request for investigation is free. If the credit bureaus cannot validate the disputed items with the information furnishers, the former is tasked to remove … (more) December 7, 2010

• Building good credit rating by correcting negative information

  by Janet Lacey

  Having bad credit records are hard especially when the person applies for car or home loans or when the person decides to open another credit account. People with bad credit score and problematic credit history are more likely to borrow only a limited amount. Worse than this is the person … (more) December 3, 2010

• Your Credit Report Matters and its Free!!

  by Janet Lacey

  This article discusses the importance of credit reports. Have you ever taken your credit reports for granted? Got them out of the mailbox but never really took the time to read them? If your answer is yes, then you need to change that habit. Credit reports are essential documents made … (more) November 30, 2010

• 5 Important Steps to Improve Your Score

  by Janet Lacey

  This article discusses 5 ways to improve your score. Your credit score is like a grade that financial institutions use in order to assess your ability to pay the credit that you will be given. The higher your score, the easier you can get approved for your credit applications. Your … (more) November 25, 2010