Credit Score Archive for September, 2010

• Things That Could Harm Your Credit Score

  by Brian Anderson
  

  With so many American consumers finding their credit scores getting lower and lower, it pays that you know a thing or two about what could harm your score so as not to be one of the millions of unfortunate ones. Understanding credit score calculations maybe too complicated for you too handle, but you could at least make the effort of knowing the various things that could negatively affect your score. This way, you would know which threats to watch out … (more) September 30, 2010

• Teaching kids on how to get a good credit score

  by George Hauser

  Comparing the era now and half a century ago, young people are enjoying more benefits and privileges with the teenagers long time ago. They’ve got the laptops, mobile phones, gadgets and yes credit cards as well. Simply put, adults and teenagers are now enjoying almost the same advantages. Aside from technological stuff, one of the things that teenagers of this day would want to have for themselves is the credit card. And with things getting more and more possible each … (more) September 29, 2010

• Debunking Some Credit Score Myths

  by Brian Anderson
  

  With millions of Americans finding their credit scores going lower and lower, it is best that you do not end up as one of them. One of the best ways of doing so is to know the right kind of information to use, unfortunately there are plenty of credit score myths being circulated around to misinform people. About time we debunk a few so you know which methods would or would not hurt your score. Here are a list of … (more) September 28, 2010

• Millions of American consumers’ credit scores go lower

  by Brian Anderson
  

  Millions of American credit users find their credit scores sinking lower and even lower. Fair Isaac Corporation (FICO) showed figures where 25.5% of American consumers, which is equivalent to 43.4 million citizens, have credit scores of 599 or lower which makes these unfortunate too risky to be helped by lenders for their financial troubles. These people are unlikely to get loans, have credit cards, or even buy mortgage especially with the stricter lending standards that banks are using now. Credit … (more) September 26, 2010

• Visa Promotes Reloadable Debit Cards in Place of Cash

  by Brian Anderson
  

  July 15, 2010 San Francisco, California – Visa Inc. has launched their campaign of the benefits that one could get from using his or her debit card which is a reloadable card to pay for purchased items or services instead of using cash to pay for them. This campaign was basically launched to reach out financially underserved consumers who do not have any other access to payment cards or to the conventional financial assistance that we have now. These consumers … (more) September 24, 2010

• Regain your credit image

  by Sally Maison

  Obtaining a good credit score is as essential as paying your bills. Remember that credit scores will determine your chances in case you want to buy a house or a car. Once you apply for loans, your credit score will then again play a huge role in helping the lenders if they should grant your loan and what your interest rate should be. In the condition that you have enough money to pay everything in one-cash payment then you do … (more) September 23, 2010

• American Credit Report Launches New Website

  by Brian Anderson
  

  July 12, 2010 Deerfield Beach, Florida - a new monitoring site has been launched by the American Credit Report. The site aims to provide 4.6 million American consumers the platform that they could utilize to check their credit history. The American Credit Report’s new reporting website on one’s credit history could be used by consumers to monitor their credit scores, activities, histories and their reports. This is the easiest and fastest way that American Credit Report has come up with that … (more) September 22, 2010

• Credit Limit Cut Offs Lead by American Express

  by admin
  

  45 percent of American credit card companies have increased their interest rates in the past months. Not only did they pull their rates up, they have also reduced the credit limits of their consumers. The leading bank which have done both increase in their interest rate and cut off the credit limit of their customers is the American Express. This result has been from the data presented by the Federal Reserve in the January survey of the agency’s senior loan … (more) September 20, 2010

• Your low credit score still has hope

  by George Hauser

  Lenders invest their money on you when they approve you of a loan, mortgage or a credit card. And since they need to take out company fund for you, they want to make sure whether you really deserve their trust or not. So how would they know if you deserve the chance or not? It is through your credit score. The credit score is a three-digit rating provided by your credit bureau. In the US, the three major credit card … (more) September 20, 2010

• Lower Credit Scores has been the Recent Trend

  by Brian Anderson
  

  More and more American consumers have been sinking lower in their credit scores, making them difficult to find loans, credit cards, insurances, and even jobs. Based on the newest report presented by FICO Inc. 25.5 percent or roughly 43.4 Americans have very low credit scores. Basically, the average credit score of people under this percentage was 599 which made them feeble risks for credit card, debit card and other lending companies. The economy’s sluggish economic rise is mostly because of … (more) September 18, 2010