Credit Score Archive for April, 2010

• FTC To Implement A New Credit Score Report Procedures

  by Sally Maison
  

  An easy access to your credit score, FICO score, summary of your account, aide when dispute arises and ID theft monitoring; these are the coverage of the talked about credit report service which would cost a person a monthly charge but these information could actually be gotten for free. The World Wide Web is the place for everything and there are a lot of sites which offer free credit score reports but a lot of them also do have hidden … (more) April 16, 2010

• New overdraft rules to take effect on July 1, 2010

  by Sally Maison
  

  Consumer groups are now on a great effort to look after banks that are too desperate to convince debit card users to give in or opt into the overdraft fees. This kind of option is believed that it could be used as a way to deceive cardholders. The Federal Reserve Board came up with a proposal to a new rule that would ban credit unions and banks that would charge overdraft fees to clients who make withdrawals through ATMs or … (more) April 14, 2010

• Credit Score Advice: Credit Score is an integral part of your finances

  by Brian Anderson

  These are times of economic hardship and one has to be very careful with finances. It will help one if they understood the basics of finances and how various decisions affect their finances. The most basic term in finances today would credit. Credit is a very important term that few rarely understand. Credit is when a person looking for an investment goes to a creditor or a lender. He can borrow money from the creditor with a promise to return … (more) April 14, 2010

• Increase your credit score in six easy ways

  by George Hauser

  In the hopes to increase your credit score and get the loan you need, you come across numerous credit score tips that tell you what to do. However, not all of these will always guarantee effectiveness. More than that, some of them are also too difficult to comprehend.  Here are some of the easiest to understand credit score tips that will work for any credit holder.  Be certain that your creditors report to credit bureaus Before you make an application … (more) April 12, 2010

• Increasing Bills, Bad Credit Scores And No Jobs All Go Hand In Hand

  by Sally Maison
  

  Poor credit scores, as bills were not paid, additional loans availed, high credit card debt are now reasons for one not finding that ideal job. This concept has caused uproar in the country, wondering why employers have to look at one credit rating to gauge the competency of an employee. Many applying for jobs especially after the economic crisis have been rejected by employers not based on the experience they have, or the work principles or even their level of … (more) April 12, 2010

• Encouraging Home Owners To Make The Best Of The Situation

  by Sally Maison
  

  The budget set by the Chancellor earlier last month has given a first-time buyer a boost, with an increase in the stamp duty to £250,000 which was earlier at £125,000. However it comes with a one percent interest payment. This benefit extends for two whole years and is perceived to have an increase in the list of enthusiastic home owners. Reports according to a financial portal moneysupermaket.com have shown a 15% increase in the number of individuals who are busy … (more) April 10, 2010

• Insurance Screening Based On Credit Score Targeted By New Brunswick Government

  by Sally Maison
  

  The insurance consumer advocate in New Brunswick said that the local government is considering passing legislation to prevent insurance providers from reviewing the credit scores of the applicant before issuing an insurance policy. Criticizing the current policy in his annual report that was released on Tuesday, Ronald Godin said that once the new legislation came into effect, New Brunswick will be first province of the United States to eradicate this policy. On the basis of customer complaints he receives on … (more) April 8, 2010

• Credit Card Myths: Getting Passed a Triple Threat

  by George Hauser

  The credit score of a person can be viewed as their passageway to getting granted for loans. Good credit scores will have chances of getting admitted for future loans while undesirable ones will be the least of priorities. A credit score makes use of the history of your account, the amount of credit that account has, the length of time for which credits have been made, and what loans does the person have already. Credit scores can be hurt in … (more) April 6, 2010

• A New Model for Credit Scores For Insurance Regulators

  by Sally Maison
  

  One of the hottest topics doing the rounds for quite a while is the use of the credit score to determine the eligibility for the home loan or auto loans. People are also debating if determining the amount and rate of interest based on the credit score is a wise thing to do. It is surprising to see that the insurance regulators are trying to tackle, albeit weakly. The National Association of Insurance Commissioners has taken a small step, referred … (more) April 6, 2010

• Credit Score Advice – Closing credit cards positively impacts credit score

  by Brian Anderson

  The credit score is affected by a number of factors. Closing a credit card is one of those factors. People use this tactic of closing credit cards with the assumption that it will help improve their credit score, but this tactic actually backfires. We shall now go about trying to understand why this happens. Firstly, the reason why a person usually closes a credit card is because he or she might have a huge outstanding balance and is hoping that … (more) April 4, 2010