Credit Score Archive for September, 2009

• Building a Good Score While in College

  by Sally Maison
  

  Credit history accounts for 15% of the credit score of a person. College students should learn how to manage debts well while in school to have a long and excellent consumer history. They should learn the importance of having a good rating and how it will affect them later in life. Students should know that credit scores are not only important for people who are already working. What they do with credit cards today will be reflected by their accounts … (more) September 26, 2009

• How to Hurt a Credit Score

  by Sally Maison
  

  Of course, this is a how-to article that no consumer wants to follow. However, everybody has to know what hurts his credit rating if he wants to avoid doing so. Below are myths which consumers think can help their scores, but which actually ruin them. On top of the list is the closing of old credit card accounts. It is a widely accepted myth among cardholders that it is better to close old, inactive accounts than keep them. There are … (more) September 26, 2009

• Fixing Credit Score after Bankruptcy

  by Sally Maison
  

  It may sound a little ironic, but the only way to fix a credit score after filing for a bankruptcy is by hoarding more debts. The trick is to manage those debts well in order to make a good impression to the credit reporting agencies (CRAs). A bankruptcy file flags down a consumer from 7 to 10 years. However, with the high bankruptcy rates, lenders are more willing to forgive. The number of bankrupt Americans back in 2002 reached almost … (more) September 26, 2009

• Avoiding credit card debts to increase credit score

  by Brian Anderson

  When it comes to credit, many would advise you do go for installments over revolving credits. This is because installment loans are much easier to pay because the dues do not change until you have already completed payment. This is in contrast to revolving credit which accumulates over time as long as you are using your credit card. Using credit cards has its own advantages; that’s why many can not seem to live without it. The truth is, credit cards … (more) September 20, 2009

• Be a Better Credit Manager on Your Own

  by Brian Anderson

  It is already common knowledge that many people are actually not able to maintain their respective credit accounts. This is because they are too convenient on spending, especially because they are using their credit cards. It is true that there are many factors why consumers prefer credit cards that cash when spending. However, it is undeniable that one of the major reasons for such is because of convenience. Truly, when you have your credit card, spending is just so convenient; … (more) September 20, 2009

• Things that you do not want to see on your credit report

  by Brian Anderson

  The most commonly advised credit score tips revolve around reminders on how to keep your credit score high through keeping your credit report clean. Because the information contained in the credit report determines what kind of score you will have, you have to be aware of these things. This is the only way you will be able to know what to do to improve on your credit standing. Also, taking a peep on your report will allow you to check … (more) September 20, 2009

• How Can Combining Credit Can Affect Your Credit Report Positively

  by Brian Anderson

  Of course, one of the most likely situations that will happen in your life is marrying the person you love. Obviously, marrying is a normal experience for any human being, at least for normal humans. In fact, most Americans at marrying age will actually marry. There are actually a few people who do not choose to marry. Also, once a person decides to tie the knot, there are many crucial decisions that that couple must make. Where to rent an … (more) September 20, 2009

• Facts about Consolidating Credit with Your Better Half

  by Brian Anderson

  Surely, it is commonplace for Americans to spend using their respective credit cards. In fact, more Americans prefer spending this way than using cash. Although cash is still a valuable tool for the exchange of goods and services, credit cards are just more convenient to use, aside from the fact that it enables the American consumers to spend more than what they already have. In fact, it is also these two factors why credit also creates problems for many consumers. … (more) September 20, 2009

• Good Credit Score: The score that matters

  by George Hauser

  Numbers govern our daily life. On the day you were born, people labeled you as the first-born or the 5th in a brood of six. While you were growing, you studied math and maybe now numbers are viewed upon in another context. As you apply for a loan or get a job, a 3-digit number could make or break the seemingly daily occurrence in our life, thus the need for a credit score advice. The score is your credit score … (more) September 20, 2009

• Creditors – How to Avoid Fake Credit Reports Online

  by George Hauser

  Credators are everywhere, thus the need for a reputable credit score advice! A majority of scammers prey on victims through free credit reports online. A majority of people have been victimized by these websites, acquiring personal information from innocent consumers. To avoid falling prey to these fraud credit report websites, you may want to do the following.  Seek a credit score advice and check if the Website is Legitimate- before signing anything or doing deals online, always remember to … (more) September 20, 2009