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Four Ways to Add Positive Credit to Your Credit Report |
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Written by Administrator
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Saturday, 19 July 2008 10:49 |
1. PIGGYBACK ON A FRIEND
If you have a friend or parent who has good credit, you can “use” that person’s good credit listings. This person must have credit card(s) and must allow you to become a “co-signer” on his card(s).
Have this friend/family member call the credit card company and ask that you be placed on his card as co-signer. A copy of the card will be sent to you, but you should never use it. Just return it to your friend.)
Your credit file will soon show the positive history that your friend has created over the years from that credit card.
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Last Updated ( Tuesday, 14 October 2008 10:25 )
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Is It Better to Have More or Fewer Credit Cards? |
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Written by Administrator
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Thursday, 24 July 2008 05:32 |
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Sanyika Calloway Boyce reveals the five factors that determine your credit score and what you can do to get your number higher. |
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Last Updated ( Thursday, 24 July 2008 05:35 )
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How to End Harassing Telephone Calls |
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Written by Administrator
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Saturday, 19 July 2008 10:05 |
The secret is that you do not have to converse with credit card companies and collection firms on the phone. You can conduct all communication by mail.
All you have to say to is, “This is not an issue I wish to discuss on the phone. I want to perform all communication by mail.”
Credit card companies don’t like hear this and will ask all sorts of questions doing engage you in a conversation.
They’ll ask questions like:
• Why haven’t you sent us a payment?
• Why do you not want to talk on the telephone?
• Where you are currently employed?
• I am here to help you. Can’t we talk about this so we can work with you?
• Why won’t you let me help you?”
Stick to your guns and say “This is not a matter I wish to discuss on the phone. I want to conduct all communication by mail.”
The person on the other end might get angry with you, but don’t let this pressure you into talking. Once they get you talking, they won’t stop calling you!
After a few minutes of saying the same phrase you may have to eventually hang up on them, because some will never stop talking on their end.
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Last Updated ( Saturday, 19 July 2008 10:10 )
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How Does Foreclosure Impact Your Credit Report? |
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Written by Administrator
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Saturday, 19 July 2008 11:53 |
How does a foreclosure effect your credit report is a perplexing question. This is because Fair-Isaac Company, who started the credit scoring system, will not share this information. What complicates the issue even further is that all the credit information reported is calculated into the individuals' credit score as it occurs. The credit score is updated instantly whenever there is an inquiry, otherwise it sits waiting for some person or institution to access it.
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Last Updated ( Saturday, 19 July 2008 11:55 )
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How You Can Protect Your Credit |
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Written by Administrator
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Saturday, 19 July 2008 09:27 |
The most important things you can do to protect your credit are:
WHEN TRAVELING
- Don’t leave the car rental agreement inside the car where thieves can get it.
- Shred travel itineraries and ticket receipts issued by airlines and travel agents.
WHEN AT SHOPS AND RESTAURANTS
- Refuse to write your address and phone number on credit slips, or credit card account numbers on checks.
- Don’t let a clerk write your driver’s license number on your check if it’s the same as your Social Security Number.
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Last Updated ( Saturday, 19 July 2008 10:04 )
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Record High Consumer Debt |
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Written by Administrator
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Thursday, 24 July 2008 05:35 |
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The average American household bears thousands of dollars in debt. We spend more than we earn, and then find ourselves in trouble. Trish Regan reports. |
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Negative Entries on your Credit Reports |
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Written by Administrator
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Saturday, 19 July 2008 09:22 |
Here how to identify all of the negative entries on the report.
Bankruptcies (BK)
If you have had a bankruptcy, the credit report will list the date you filed your BK and the date it was closed. It also can list the amount of debt that was discharged in your BK.
Foreclosures/Repossessions
A foreclosure and a repossession are essentially the same thing: your creditor takes back property you used to secure a loan because you didn’t pay on time. A foreclosure describes only loans secured by real estate. All other types of seized property due to the defaulting of secured loans are called repossessions.
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Last Updated ( Saturday, 19 July 2008 09:27 )
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