Credit

The Crazy Credit Catch-22

March 23, 2011

Remember Catch-22 and that “damned if you do, damned if you don’t” mentality? Well that is exactly how credit works these days. If you are responsible, pay off all your debts on time and live a relatively debt-free, all cash life, you can be penalized by mortgage companies when you want to purchase a home. [...]

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What Do You Know About Credit Scores?

March 10, 2011

While it seems that the majority of American’s are familiar enough with credit scores to realize how important they can be for their financial lives many still have confusion about the different aspects of credit scores. From a new article on CreditCardGuide the information obtained from a recent survey jointly released survey by the Consumer [...]

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Demystifying Credit Myths

March 4, 2011

Your job and your income have absolutely no effect on your credit score. In fact, you could have an almost perfect credit score with no job, no income or reliable source of income provided you were able to always make your payments on time (yeah, you might have to be independently wealthy or something to [...]

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CARD Act Deemed A Success

February 25, 2011

It’s been a full year since the complete implementation of the CARD act and so far it looks as if it has been a success. Even though the past year has brought on tighter credit availability and a rise in interest rates these have been attributed to economic downturns and not the CARD act. The [...]

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New Or Used?

January 27, 2011

Conventional wisdom has long been that when you buy a new car it loses value as soon as you leave the lot. And that is probably still true. However, there may be some distinct advantages of buying a new car rather than a used model these days but only if you plan on financing the [...]

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Top Tips For Better Credit

January 12, 2011

Pay your bills on time. No brainer there but the surest way to quickly get bad credit is to miss a payment or be late. Don’t go near the max. Your maximum credit limit that is. Try to keep your debt below 20-25% of the credit that is available for you. Your debt to available [...]

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Free Credit Score

January 10, 2011

What used to cost you $15.95 is now free. As of January 1, 2011 lenders will be required to tell you the reasons why you may have been charged a higher interest rate and most commonly this is because of your credit score. For many years consumers have been able to receive free copies of [...]

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New Credit Score Rules

January 3, 2011

With the current economy and the real estate bubble that has been experienced of late, credit scores are becoming even more important, well, high credit scores that is. While the credit score cut off for getting the best rates and the best deals on financing used to be around 700 now it is getting higher [...]

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Potential Credit Card Scams

December 27, 2010

So when you’re working to perfect your credit, beware of potential scams that can hurt you along the way. With new technology that is always getting better and smarter you need to be careful of the offers that you take advantage of or they may take advantage of you. You don’t have to pay for [...]

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Credit Counseling, Debt Settlement Or Bankruptcy

December 24, 2010

If you have fallen behind on your credit obligations, you may feel like you are trapped and there is nothing much that you can do. And no matter what you do, your credit score and credit report will be affected. The question becomes how much will it hurt? While filing Bankruptcy can be painful and [...]

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