Debt management by way of an IVA is the most efficient method of repairing credit status

February 24th, 2014 by admin

Undertaking an IVA is the best method for an individual to repair their credit status and is the most cost effective debt management application for both debtors and creditors alike. Any person who has debt issues and has monthly repayments which exceed monthly income should undertake some kind of debt management scheme.

It has never been easier to obtain credit; in fact, obtaining store cards, preapproved credit cards in addition to loans for cars and household goods and furniture is now a huge industry in its own right. It is very tempting to take credit when it is offered, and in turn it is very easy to get sucked into the mix. Before it is realised by the person offered the credit and loan facilities is sucked into the quicksand and it is impossible to escape through normal channels.

Loan companies, banks, building societies and credit card companies will immediately rack up charges for late payments, non arranged overdrafts in addition to credit cards exceeding limits and of course once that happens costs for the debtor start to increase exponentially. In fact it is not unknown for these companies to consolidate loans and card balances into one single loan over a longer period with lower payments, which of course works out far more in the long run.

Getting into debt is one of the easiest things to do; however, it can take a lifetime to clear the debt because interest never stops accruing with banks, loan companies and credit card companies trying to suck the proverbial blood from a stone.

Anyone who has debt issues of any type or for any reason; loss of income, reduced income or other reason should immediately take steps to make arrangements for some kind of debt management and/or debt restructuring. With the help of a debt counsellor who will deal with all the legalities and coordinate repayment schedules and amounts with creditors, it is possible to maintain a credit rating and/or start to rebuild a credit status.

Arrangements and management schemes may be a temporary measure while a person is suffering from loss of income through unemployment or illness, or they may be a means to clearing debt completely by way of a fixed term, fixed monthly payment arrangement. Whatever your situation, whatever your income or level of debt it is more advisable to seek help sooner rather than later.

To obtain the best debt management scheme and to make good your credit rating, log on to www.debtquestion.org.uk

How to repair my credit.?

Rough credit score: 602
I have 1 open credit source, Military Star Card. Everything has been paid in full on that card for years now. I have 3 derogatory marks still on my credit. I have paid of 2 of those 3 off and am awaiting their removal from my record. In roughly 5 days I’ll have fully paid the third one off. I have no idea how long their removal could take. Out of all the bills I have paid, 62% have been on time. I didn’t know waiting to pay your electric bill until the power company shut off your electric was bad for your credit ^_^. I’ve never been in financial strain – I am just lazy when it comes to paying my bills and now that I know I have messed up my life, I want to get it together. I am getting married soon and would like to improve my credit so when I get out of the military in 9 years I can provide a home for my wife. I was looking for any tips given the little bit of history I have given you for improving my credit score and convincing someone to trust me with an Auto/Home loan in the future.

Answer
I deal with credit every day and this is my opinion.

Q. Repairing your credit, removal of accounts and time frame.

A. The repair of your credit will depend on the removal of the accounts and how or if they show on your reports.

If you have a “Pay for delete” agreement which is a written agreement with your creditors agreeing to the removal of the accounts from your reports in return for your payment. The accounts most likely will not be removed they will continue to show but will show as paid with a $0 balance which is not near as bad.

Time frame will depend on how long it takes the credit bureaus to post any changes that have been reported to them. That can be as long as 60-days. If the accounts still show, they will continue to show for the remainder of the reporting time line per the Fair Credit reporting Act (Federal law) which says derogatory accounts show for 7-years from the date of first delinquency which works out to 7-years and 180-days. Nothing but nothing resets this time line.

Q. Not paying utilities/reporting.

A. Utilities don’t report until the account has been turned to collections because it’s not considered credit until you don’t pay them.

Q. Qualifying for home in future.

A. Considering the time line for reporting and the time you have to rebuild your credit there is no reason you can’t have great credit when it comes to buying a home. All the bad stuff will be gone and you will have all that time to build a good solid credit history.

Good luck and thanks for your service.

Concerted Efforts to Erase Bad Credit

February 24th, 2014 by admin

Nothing feels better than knowing that you have been a responsible person when it comes to paying your bills. This is something you should be doing diligently every time you receive your pay. Not only does it help you lead a stress free life but it can help boost credit score. Well, you may not be aware of this but if you pay that electric bill, rent payment, cell phone bill and insurance payment late or not at all it can lower your credit score. When you need a loan, the bank will examine how you have been treating your monthly obligations.

As such, maintaining habits that boost credit score is very important. You can ask the credit bureaus to furnish you with a report and for a fee they will provide your credit score. Once you go through the report and find questionable entries, you should take quick steps to rectify them. If you use credit cards, always make sure that you have paid off any outstanding debt incurred. Keep their usage low and stick to the credit limits indicated. This way, you will have no problems with borrowing money in future. If you have no credit you may need to build new credit by getting a secured credit card.

Sometimes bad things happen such as a loss job, medical problems, a divorce etc., it can happen to any one of us. Before you seek for any future loans, you will have to engage the services of a credit restoration firm in order to repair your credit status. This information is not meant to scare you but to help you get prepared for what lies ahead. Most people try to ignore the problem, however credit problems will not fix themselves. Because the Americans are is so reliant on credit, there is need for information to educate the masses on credit restoration techniques.

For you to be considered eligible for a loan, you need to improve credit status first. The use of a credit repair service need not wait until when you need to borrow money, you should be proactive and start early. You can do this by requesting a free status report, go through it carefully and see whether everything is in correct. In case you come across entries that are not accurate or have been pending, take the initiative to clean them up in order to improve the score.

The best approach is by hiring credit repair companies. It will cost you some money but in the end, you will be pleased that you did it to improve credit. It is not only banks and financial lenders who have an interest in your credit report; your insurance provider, cell phones, rentals and even a job can use that information. If it finds that your scores are low, you may not qualify for what you have applied for or pay very high interest rates.

Robby Allen is the author of this article on Credit repair service. Find more information, about fix my credit here

Bad/No Credit — Credit Cards?

I’m 20 and trying to get my credit established. I think I MAY have some negatives due to a few hospital bills from last year while I had no insurance but I’ve heard that doesn’t count as much as you’d think.

I have applied for credit cards before, but it seems like I just can’t find anyone who will accept me. Is there any hope? I don’t need a huge credit limit, just something I can use (and pay off each month) to help my credit.

Who should I try? Preferably not a secured credit card as I don’t have extra cash to put up front!

Answer
Those hospital bills may hurt you more than you think they may. Reason I say that is, they still report to your credit, however it may or may not report to all of the agencies, making it harder to spot, which can make it even harder to build credit. So, I would definitely try to take care of those ASAP.

As far as trying to find a CC out there, Orchard Bank’s probably will be your best option, that’s not a secured credit card. And there are some unsecured cards out there (First Premier, New Millenium, Tribute) that cater to people with bad credit. But there’s a catch: the cards contain a lot of hidden fees that use up most of the available credit before the card is even sent out, making it a complete rip-off. You’re better off with a secured card, because even though you have to put the money upfront as a deposit, at least you get that back at some point in time.

Bad credit loans guaranteed approval is here to help in bad financial condition

February 24th, 2014 by admin

Bad credit rating owners are assumed as the risky candidates for getting new loans. The money lenders assume them as risky because people who have bad credit rating end up with such bad credit scores because they have made couple of flaws in their financial obligations for loans or have number of loans. Such persons have possibility to create damage of the money lenders.

But if we look at the current financial condition of the whole state, we will see that current recessions have made sever impact on the financial lives of people. People are being suddenly unemployed or being the victim of less income to provide enough support to their family. In such situation, Making flaws with existing loan repayments are very much evident. People who are making such flaws because of their economic conditions are getting tapped in bad credit rating situation unwillingly. Bad credit history is not for them by choice. In such situations, they need more financial assistances like, loans than the persons who have good credit history. On the contrary, they end up with such a situation. Where they have less access to get new loans.

By understanding the plight of these bad credit borrowers, the money lenders have introduced some bad credit loans. One of them is bad credit loans guaranteed approval scheme. This loan schemes are highly beneficial for the bad credit rating owners. How they are beneficial is described below:

They come up with guaranteed approval:

The money lenders who provide bad credit loans guaranteed approval, provides assurance on providing loans to bad credit borrowers. The loans are also preceded with quick approval. As the money lenders already know that people who are applying for such loans have a bad credit rating, they do not for a lot of assessment. They only see that whether the applicants have permanent earning resources or not to have the assurance of repayment of the loans.

They are here with convenient interest charges %26 rules:

The bad credit borrowers if get access to traditional loans, they get loan deals which are high in rates of interest rates %26 additional charges. But for bad credit loans guaranteed approval, the bad credit borrowers get convenient interest rates %26 additional charges. Thus it does not create any problem in their current financial conditions.

Bad credit loans guaranteed approval is here with quick %26 guaranteed approval for loans for the bad credit rating owners. They also charge convenient interest rates %26 charges for the loans they provide.

Every Credit Score People can Get Loans for people with bad credit. If you want to get More info about Bad credit loans guaranteed approval then visit following site right away- http://www.iloanswithbadcredit.com

Will my bad credit prevent me from being a police officer?

I have terrible credit including a judgment against me that I am trying to take care of, however, I know it will awhile. I am planning on going through the police academy and then looking to be hired by a department hopefully by next year (which will be before any of my credit is cleared up). Will my credit prevent me from being hired as an officer although I’m qualified in every aspect of the job?

I would prefer an answer from someone in law enforcement, and as a side-note I don’t need any rude, unhelpful answers about being a bad person because I have bad credit. I have bad credit because of an unfortunate circumstance, but am still a good person through and through.

Answer
Bad credit can affect ANY job search. More and more companies, police agencies included, are doing credit checks prior to hiring someone for several reasons including, but not limited to:

1. A person with bad credit is showing that they are irresponsible with money and possibly just plain irresponsible.

2. A person with money problems is more prone to “bend the rules” to acquire money for their debts whether it be from stealing, bribes, or other method.

This doesn’t guarantee that they will do a credit history (but the odds are that they will) and it doesn’t guarantee that they will hold it against you (but they likely will). If your circumstances were truly out of your control (such as a medical issue) you might take the opportunity in the interview to discuss the situation with them and explain what steps you have taken to remedy that situation. It will show that you are mature and accept responsibility for your life and actions. Those are both very positive attributes for a police officer.

I wish you the best of luck in your job search.

Credit Card Debt Where Do You Go

February 24th, 2014 by admin

Credit card debt generally increases with the income of debtors. However, about four percent of chapter 7 debtors report no income at the time of filing. Credit card debt in the United States is rapidly approaching the $700 billion mark. This figure has led an estimated nine million Americans to seek the assistance of credit counseling agencies. Credit card debt in the US has reached a record high of nearly $1 trillion, averaging $9,840 per household. With the economy slowing, costs of daily living and unemployment rising, growing numbers of cardholders are unable to keep up with their payments and are being taken advantage of by an industry with few regulations and little oversight.

Creditors allow different types of arrangements under debt repayment plans. Some may reduce the interest you pay until the loan is paid off.

Credit card debt has increased at a higher rate than low to no interest overdrafts. Credit card debt consolidation can do wonders if done ahead of time. Being able to identify early on the problem with your spending that is getting out of control and recognizing the need to do something about it is a good first step. Credit card debt is a major issue in a substantial percentage of consumer bankruptcies. Nearly 90 percent of the cases had at least some debt listed, and it accounted for 42.8 percent of the total general unsecured debt in our sample cases. Credit card debt settlement is a Americas other’ auto industry – Christian Science Monitor technique used by people who are up to their ears in credit card debt and see no way of paying it off. You must understand the procedures available to these citizens stuck credit card debt settlement in consumer debt? Credit card debt consolidation will help you consolidate all your debts on your various credit cards, into a single credit card. This saves you the hassle of first, keeping track of the bills from these various companies, and then paying to these different credit card companies. Credit Card Debt: A credit card is a great tool for people who manage their money but dont want to carry it around. You can use someone elses money interest-free for a month, enough time to get the bill and pay it off.

Bad news for the credit card companies may be better news for us. There are signs at both companies that consumers may be responding to higher rates by doing something almost completely unexpected and practically un-American: paying down credit card debt. Bad Debt is everything else — from your titanium credit card to the 35% loan from Larrys Kwik Kash.

Consumer Credit Counseling Service of Atlanta is a nonprofit, community service agency dedicated to empowering people to achieve a lifetime of economic freedom. CCCS Atlanta provides free, confidential budget counseling, community and personal money management education, debt management programs, and comprehensive housing counseling. Consumer credit could be the next “aftershock” of this financial crisis, says Jason Simpkins. Banks have suffered big losses on mortgages, and are now looking to reduce their exposure to credit card debt. Consumer credit and mortgage debt represent a higher percentage of disposable income than ever before. Household debt as a percentage of assets reached the historic high of 22.6 percent in the first quarter of 2003. Consumer discussion on blogs took 800 credit card debts off after Phelps? Consumers like Mathias-Lamb are increasingly finding themselves forced to deal with higher interest rates and other fees as credit card companies respond to the fact that consumer debt is climbing, along with delinquency rates. In January, average debt on credit accounts and fixed-payment accounts such as auto loans climbed to $16,600, up from $15,500 last April, according to the credit reporting agency Experian. Consumerism Commentary is not compensated for any content, except for advertising sold.

Advisors also say that there is a guaranteed investment opportunity. An easy way to earn 18% or better is to get rid of credit card debts as soon as possible. Adds William Black, senior vice-president of Moodys Investors Services structured finance team: ‘We still haven’t hit the post-recessionary peaks [in credit-card losses], so things will get worse before they get better.”What’s more, the U.S. Treasury Dept. s $700 billion mortgage bailout won’t be a lifeline for credit-card issuers.

Consolidating your debt is perhaps the fastest, safest and best way today to get rid of your financial obligations and we are experts in this field. Fill our free membership form to view all the alternatives. Consolidation isn’t the only step though. You also have to find ways to reduce expenses or increase your income.

Yes, consumer spending is dropping, but some economists think that is a function of confidence, not credit. Yes, banks and other lenders do appear to be stuck with loans they dont want, some of which will go bad, but so far it doesnt seem like they are pulling back credit from consumers. Yeah, thats mine. When things got tight last summer — checks werent coming in on time, I wasnt getting enough work as a freelancer — I knew leaning on my credit cards was a bad idea. Yet credit cards continue to be pushed by lenders. Some estimate that over 6 billion mailings are sent by credit card issuers to U.S. Yet politically this issue isn’t even on the radar screen.

Instead, you can get counseled regarding all of your debt. You can do this by looking for a debt counselor instead of a credit card counselor – but make sure that you are still looking for a non-profit company. Instead they receive a pamphlet suggesting nine credit card offers for which they may or may not be qualified.

Student Platinum provides you with reliable student credit card information, debt management advice and quality student credit card applications. Student credit card debt is at an all-time high. Recent studies show that seventy-six percent of all college undergraduates have at least one charge account with an average balance of over two thousand dollars. Student loans, credit cards, car payments, rent-sometimes it seems like the whole systems conspiring to keep you broke.

Call your credit card issuers and try to transfer all of your balances to the card with the lowest interest rate. If this isnt possible, make minimum payments on the cards with the lowest rates and pay as much as possible on the highest interest cards until they are paid off. get a free consultation here

I grew up in a small community in Oregon where my outlook on life was first formed. I like to keep things straight forward and simple since so many things in life are not that way. I have had many different life experiences that I try to convey in my writings to help make them interesting and from a typical persons point of view.

how is credit card being use?

like what kind of credit card /company should i aply for?….explaind diffent type of credit card…like gift card or um…planium card and stardard cards…and is it safe to use it online …plezz hepl me im clueless

Answer
Standard credit cards are the most common and readily available. These types of cards are also categorized as unsecured credit cards.

Credit cards with rewards programs offer the cards holders with certain points that are accumulated on the use of the card. These points can be redeemed in partner airlines, hotel etc. Or rewards can be in the form of cash back. That means on the purchase of certain items you get 1% (or similar amount) cash back.
Read more from:

http://www.squidoo.com/lensmaster/workshop/standard-credit-cards

Proven Techniques To Fix Credit Score Easy Steps That Helps to Fix My Credit Score

February 24th, 2014 by admin

You might wonder what’s the fastest way to raise my credit score?. The answer is only one – How much do you want to raise it? The proven techniques to fix credit score have laid out some strategy depends on how much you would like to raise your credit score. For example, if you wish to increase your score from 580 to 650 then your strategy will be very different from someone wanting to go from 670 to 725.

Why? Because you starting point is different which requires a different approach. Also, while the removal of negative items from a report will almost always lead to an increase in score, it’s a basic concept at best. Therefore, within this article, we’ll discuss somewhat inside techniques known by very few since this is a limited guide being published by Consumer Publishing Group a.k.a the Credit Secrets Bible.

Among the few insider techniques explained in the guide are:-

ADVANCED CREDIT PROFILING

This is a strategy while not complex, can be taken to very complex levels. Even in its’ most basic form, it’s taken advantage of by very, very few. It involves intentionally building your credit report in a way which creates a ‘profile’ that closely fits the criteria of most lenders (as well as the overall credit scoring system). Again, this is a technique which can be used in a myriad of complex ways, but for simplicity I will explain it in its’ most basic form.

While many consumers will boast when they have 10, 20, 30 or even 50 thousand dollars worth of credit cards on their report, many of these same people do NOT have even one mortgage, automotive loan or lease, equipment loan or a even a line of credit with a local bank or credit union. These other forms of credit create a much more well rounded credit profile for the consumer. This is achieved by showing greater credit account diversity and experience with multiple types of credit due to the various lines held.

For example. A person with $50K in credit cards does not represent near the credit experience as a person with the same $50K along with a mortgage, an automotive loan and an equipment lease. We have clients who have financed vehicles not because they had to (or even wanted to) but because they ‘needed to’ in order to create a credit profile that would position them in the future to secure the lowest possible rate on a mortgage when they applied and needed it.

Subscribing to Affluent or Semi-Affluent Business and Professional Publications and Organizations

More complex forms of Advance Credit Profiling involve one subscribing to affluent or semi-affluent business and professional publications and organizations. These would include magazines, newsletters, trade journals and national associations. The goal is to get ones name into the databases of these publications and organizations.

Why?

The reason is simple – to get on highly targeted lists in order to receive select credit offers.

Marketers of credit offers have found that simply renting names of consumers from the credit bureaus does not provide enough information about the person as a credit risk anymore. Therefore, it is speculated that many will rent a list from the credit bureau and then cross-reference this list against another list they have secured from a consumer source such as an affluent business or professional publication, trade journal or organization.

By crossing the two lists together the marketers find the names contained on both lists. This in turn provides them with one highly refined and targeted list to mail their offer to. This results in shortening the process of securing a new quality account holder thus lower the overall account acquisition cost of new accounts.

When a consumer learns how to intentionally put themselves into these databases to wind up on these refined lists, the credit building process is sped up exponentially. Of course, many would call this ‘highly speculative’ but we have undeniable experience that it works.

DEPOSIT LOAN PROGRAMS:

This is a technique so unbelievable that I myself proclaimed it had to be a scam before researching the facts. It allows the consumer (or business) to have a $25,000 to $250,000 loan appear on their credit report as ‘Paid as Agreed’ by way of very creative financing. This method is extremely effective and not within the budget of most ($750 to $7,500 upfront).

Also, because this technique takes advantage of certain banking laws, I have reason to believe it could be made unavailable at any time if those banking laws were to change. This method can be used with consumer credit files on SSN’s as well as business and corporate credit files done on TIN’s as well as Dunn and Bradstreet.

In the end, all of us need to remember that today our credit score is more important than it has ever been in the history of the credit reporting system. While credit miracles don’t happen overnight, you can create your own credit miracles by applying simple insider strategies consistently over time.

Learn more techniques and get the full story on how to fix credit score.

Get the Credit Secrets Bible – the guide that helps me to fix my credit score.

How do I get a loan to fix my credit?

I am getting married in a little over a year. My Guy’s crdit is sparkling I don’t want to pull him down. I have tried a few debt cosolidation places but all of my bad credit is from 2-5 years ago. They want info I can’t obtain. I just tried with 1 major company and they told me I didnt get the right info and refunded me my start up costs. Saving is not working but now if I have a bill, I pay it. But I can’t save this much in this amount of time. If the purpose of my loan is to fix my credit why does everybody want to give me a loan based on that??? Please help.

Answer
Try a credit restoration. This is a contriversal way of getting your credit cleaned up but it DOES work and you can have your credit cleared up in less than a year. If you want to do this, however, please use the following guidelines. There are ONLY THREE legitimat credit restoration companies in the United States and of those three I would only recommend one. They meet most of my criteria and have a sparkling record with the BBB. But this is not a forum to SPAM like so many people do. So I will not give out the company’s name. But I will put my article here for you to review. If you want to know the names of the three companies who are legitimate, you must email me.

From my blog:

The TRUTH about Credit Repair: Aren’t They All Scams or Illegal?

This topic is a really hot one right now. People are falling victim to so many scam artists out there who are taking people’s money and offering false hope. There ARE legitimate credit restoration companies out there. But that is the key right there; restoration versus repair. Generally speaking, credit repair is a scam and credit restoration is legit. Does this mean all credit repair offers are scams and all credit restoration offers are legit? NO! It is up to you to do the research. If you can’t do the bare minimum to protect yourself, then don’t come crying to me if you are taken for all of your money. But, to help you determine the scams from the legits, here are 10 tips on how to tell the difference:

1: If they advertise that they will repair your credit in anything less than 18 months, you are not dealing with a legal company. The LAW requires that any credit restoration agency cannot advertise or represent that they can restore or repair your credit in less than 18 months. (Remember this number, it is going to come up again later.)

2: Check on how long the company has been in business. If they have been around for more than 10 years, you are probably dealing with a reputable company. (Honestly, there are really only three that are recognised as legitimate in the United States.) In a future article I will discuss them in more detail.

3: Do your due dilligence. Check with the BBB. The BBB will provide an unbiased report of how many complaints have been filed against the company in the previous three years. There are two things that you want to consider here. First, if there are more than a dozen complaints over the previous three year period, then this company has serious issues and you should be concerned. Also, if the BBB has no file at all on the business, just walk away from the business. Anyone who is hiding from the BBB should be looked upon with suspicion.

4: Ask for pricing when talking to one of their reps. If they hem and haw about what they charge, or say that it depends on how much they have to remove from your report, they are hiding something from you. A good rule of thumb, if the rep is unwilling to answer any question of yours up front and with honesty, you are not dealing with a legitimate company. This does not mean that if the rep states that they will answer the question in a moment, that they are hiding something. It just means that they are getting there and just need to lay a little groundwork first. Remember, reps are all salespersons. They are there to sell you their service. This is good, believe it or not. This encourages competition in the business and keeps costs down. (Which reminds me: DON’T PAY MORE THAN $1000 PER PERSON FOR THE SERVICE.)

5: Ask if the company is licensed, bonded and insurred. Ask for proof. If they will not show you their business license (which can only be obtained AFTER they have purchased their bond and insurance) this should raise alarm bells.

6: Ask for examples of successes the company has had. A legitimate company will have copies of investigation results (with personal information blacked out of course) that will show you how successful they can be.

7: How long are they going to work for you? Yes, that’s right, remember that these companies work FOR you. If they are just going to maintain a business relationship with you for the length of time it takes to repair your credit, beware. What often happens in these cases is that after the company has cleared negative information from your credit report they sever their relationship with you and a couple of months later the information returns to your credit report. Now what are you going to do? Your options are to leave the negative information and suffer for 7-10 years or hire someone, again, to remove the information, again. A reputable company will stay with you for the FULL 18 months (I told you this number would come up again). This allows them to continuously monitor your credit reports and remove any negative that may re-insert itself after the initial sanitizing.

8: What other services do they offer? If they are a legitimate company, they will have rescources that will help you to re-establish yourself in the financial world. Things like the ability to help obtain a debit card even if you can’t open a checking or savings account. (Yes, believe it or not, it can be done!) Can you call their credit advisors any time for advice? Is legal representation available if you have to go to court against the credit reporting agencies? ASK! If the company is letgitimate, they will have a team of lawyers that will handle these kinds of legal matters for the duration of your contract.

9: Does their contract advise you of your rights? If not, why? Because they don’t know the laws! And if they don’t know the laws that are designed to protect you, how can you expect them to know the complexities of the Fair Credit Reporting Act which has 340 different laws?

10: Is there a money back guarantee? In this business refunds are usually prorated. In other words, if you have 50 negative things on your reports and they can only have 30 removed, you are refunded 40% of your money since they were able to get 60% of the information removed. If there is no money back offer, run away! A company that has faith in their services will offer to refund the money if they can’t do the work.

I hope this information helps people out there who are confused about credit restoration programs.

Credit Card Holders Vs Wallets – Differences And Similarities

February 24th, 2014 by admin

The credit card is actually a relatively recent invention, with widespread adoption of credit cards as a mode of payment only taking place in the late 1950s to early 1960s, when Bank of America started the ancestor of the Visa credit card and a conglomeration of banks started the ancestor of the MasterCard credit card. Today, however, most people have at least a single credit card, and many have more than one credit card from different banks. Having multiple credit cards can help you organize your finances better, and provide more options when it comes to credit card discounts and the like. Having many credit cards can be troublesome when it comes to carrying them, however, especially with regular wallets that have a limited number of slots for cards.

Besides credit cards, you will also have to carry other cards, such as your driver’s license, identification, and more. Most wallets have a limited number of slots for cards due to their size limitations. With the need to fit into a back pocket, the more card slots there are in the wallet, the thicker the wallet becomes, and eventually a point is reached where adding more slots would cause the wallet to become overly thick.

Credit card holders, on the other hand, come in a large variety of shapes and sizes. Some, which are designed to carry numerous cards, are long, and allow you to carry many more credit cards than a wallet. Others are actually smaller than wallets, designed to carry a few essential credit cards, and sometimes incorporating a money clip on the reverse side.

For most men, a wallet is simply a necessity, not only a means of carrying money, but also a fashion accessory. Depending on your card storage needs, however, credit card holders can be a much better option than a wallet. If you have numerous credit cards, and find that your wallet is becoming so thick it barely fits in your back pocket, then you should definitely consider getting a credit card holder instead, especially if you often wear a suit or jacket which has a breast pocket which will easily fit a long credit card holder.

On the other hand, there is also the option of carrying both a wallet and a credit card holder. Some people have found that instead of having to choose between either a wallet or a credit card holder, they prefer to carry their essential credit cards in their front pocket in a small credit card holder, and keep their cash in a regular wallet. This can be much more convenient in terms of having your credit cards easily accessible while not forgoing the ability to carry cash easily.

The choice between wallets and credit card holders will ultimately depend on your needs, and whether you typically use credit cards or cash to pay for your purchases. You also should not rule out the possibility of carrying both, especially if it is not immediately obvious whether you rely more on credit cards or cash as a means of payment.

The choice between wallets and credit card holders will ultimately depend on your needs, and whether you typically use credit cards or cash to pay for your purchases. You also should not rule out the possibility of carrying both, especially if it is not immediately obvious whether you rely more on credit cards or cash as a means of payment.

Whether you are looking to buy Wallets  or  Credit card holders , you will only find the latest and most fashionable options at Wallet Empire that are sure to bring you tons of compliments from friends and family!

What are each type of credit cards?

For example credit,debit,prepaid etc. Can you list them with a definition of each

Answer
First step is to talk to your parents.
They could get you a gift card, a pre-paid card, a checking account debit card, or make you an authorized user on one of their credit cards.

Parents know quite a bit. Talk to them.

Long term personal loans for bad credit are here with facilities of solving long term problems of bad credit rating owners

February 23rd, 2014 by admin

People who have bad credit often find themselves in problem when they go to obtain new loans. But, in urgent financial transactions systems, where we go through almost all kinds of transactions with the help of loans, such incidences increase the plight of the bad credit owners. To solve their problems, some money lenders provide short term bad credit loans for the bad credit rating owners. But that does not mean that people while having bad credit situation, will not face any kind of long term problems. To help the bad credit borrowers in their long term problems, now there are the facilities of long term personal loans for bad credit.

Why bad credit borrowers should get long term personal loans for bad credit?

The bad credit borrowers can take the assurance of long term personal loans for bad credit in their long term problems. The loans are provided within big amounts, so that you can take help of these loans for any kind of your financial problem in bad credit situation.

As the long term personal loans for bad credit scheme is provided within a big amount of money, they come up with installment repayment options. With installment repayment options you will be able to repay your loans without getting much impact on your personal financial account. It is because, long term personal loans for bad credit are provided in big amounts %26 to repay them at once becomes a tough work for the borrowers. With the installment loan repayment options, you have the facility to divide the loan amounts in parts %26 then repay them.

The long term loans if provided for the bad credit borrowers in the usual categories, the money lenders charge a high rate of interest rate for them %26 also high rates of additional charges. They will also have restricted rules %26 conditions for repaying the loans. But on the other hand, if they get access to the bad credit schemes with long term loans, they get convenient interest rates %26 additional charges. They also get flexible terms %26 conditions for repaying the loans.

These loans are also provided with long term period for loans repayments. The highest loan repayments period for this loan schemes is 30 years. But, with longer repayment terms you will have to spend more money on loans.

Long term personal loans for bad credit are provided for bad credit rating owners to help them in their long term problems. This loan is provided with big amount %26 repayment period.

Bad credit score or any other problem can’t stop you to getting approved for personal loan. Get more information about Long term personal loans for bad credit or fill your online application by visiting following site- http://www.nowpersonalloans.com

Legit bad credit loans?

Are there any legit loan places that you can use if you have bad credit?

Answer
If you have a bad credit history still the loan market place is full of lenders who are ever willing to offer you a fresh loan. But you should be meeting some conditions laid down by the lenders. Loans for bad credit people are in fact easier to get then they were ever before, thanks mainly to cut-throat competition amongst the lenders. Lenders are giving loans to the bad credit people who have late payments, payment defaults, arrears, county court judgments or any credit problems. These loans are available for any purpose like home improvements, purchasing a new or used car of your choice, for wedding and holiday tour, debt consolidation or for paying child’s tuition fees.

http://loan–house.blogspot.com/2008/03/bad-credit-loans.html

Every lender in approving loans surely likes to see if the bad credit borrower has sufficient capacity to repay the loan in timely manner. If the borrower earns well, has regular bank balance, has been an employee for some years and has a convincing loan repayment plan in place, then the lenders do not usually hesitate much. So ensure that you have adequate repaying capacity before applying for a loan. Also, you should first check your credit report for any errors. If your credit score is too low then you would be charged a very high rate of interest. So it is advisable to first pay off some easy debts to improved credit score and then you should apply for loan at better rates.

http://loan-house.we.bs/badcreditloans.html

Short term loans no credit check facilities for the bad credit rating owners

February 22nd, 2014 by admin

People who are having a bad credit situation, already knows that how much tough it is to obtain new loans. In our current financial system where almost all kind of transactions are done with the help of loans, people find themselves in hardcore problems if there are issues with getting new loans. The bad credit owners have a twofold problem when they do not get new access to loans. First of all, when people do not get access to new loans, they are going to fall in severe financial problems %26 second, without new access to loans, people with bad credit situation cannot get back on track.

But the money lenders also understand the fact that people who are in bad credit situation are not always in such position because of their will, not by their choice. With the current economic problems that are going on in USA, people are having severed impact on their financial life. Lots of people are being unemployed or witnessing a cut in the expenses. In such situation, it is evident to make flaw in their regular loan repayment. Thus they end up with bad credit situation. In such situations, actually they need more financial assistances like loans than they needed previously. The money lenders also understand the fact. That is why; they are providing a number of loan schemes that are for bad credit rating owners. Among them, short term loans no credit check facilities are assumed as the best bad credit loans.

What is short term loans no credit check facilities:

Short term loans no credit check facilities are assumed as one of the best loan facility for the bad credit borrowers. Bad credit borrowers can get easy access to such loans. It is because, where money lenders are reluctant to provide traditional loans: bad credit money lenders who provide short term loans no credit check, already know that the applicants of such loans have a bad credit history. That is why when they provide the loan they do not bother about the credit history of the applicants. Rather than that, they try to depend on the earning resources of the applicant to be sure of the loan repayment. As the loans have fewer assessments, it is also procedure quickly %26 also it requires few paper works for the processing of the loans.

Short term loans no credit check facilities are assumed as the best bad credit loan facilities for the people who have a bad credit situation. This kind of loan is provided without any credit check %26 procedure quickly.

Online Lending source regardless your credit source or your situation. Get more info Short term loans no credit check or apply for loan by visiting following site- http://www.e-loansforbadcredit.com/

Whats the best way to clear up bad credit????

Credit,money,bad credit

Answer
Living with debt or bad credit can be very stressful, but help is closer than you realize. Improving your credit rating requires that you take positive action and change your attitude toward money.

Steps:
1. Request a copy of your credit report from a credit bureau. If there is an error, write to the bureau and ask it to fix the mistake. It might also help to contact the creditor who reported the error. Some creditors will contact the bureau on your behalf.

2. If the bad marks on your credit report result from outstanding debts, repay them as quickly as possible. Pay off those with the highest interest rates first.

3. If your debts are overwhelming, contact a nonprofit credit-counseling organization to work out a debt-consolidation plan. A counselor will help you consolidate your debts and will contact your debtors on your behalf to reduce or eliminate finance charges. This can reduce your monthly payments by up to 40 percent.

4. Steer clear of any services that offer you credit-repair or debt-consolidation loans. These companies will plunge you further into debt. Be suspicious of any company that advertises aggressively or sends unsolicited mail or e-mail.

5. Close your credit accounts and cut up the cards. Sell valuables or liquidate assets that will help you repay your debts. Buy the bare essentials (food and gas) and use the rest of your earnings to pay off your consolidated debts.

6. Work with your credit counselor to repay all of your debts. Meanwhile, live a life that will help you re-establish good credit. Pay rent and utilities or mortgages promptly, keep the same residence and job, maintain savings and checking accounts, set a budget and stick to it.

7. Once you have repaid your debts, apply for a new credit card to build a good credit history. It might be easier initially to get a department-store or gasoline credit card or one from an employee credit union.

8. Promptly pay off the balance of the credit card monthly to build good credit. Use the card responsibly.

9. If you don’t qualify for a regular credit card, apply for a secured one. With a secured credit card, you fund an account up front and then “charge” expenses on it. This card will show up as a credit card on your credit report and, if used responsibly, can help you build a good credit history.

Overall Tips:
Get a copy of your credit report once a year even if you think you have good credit. You may find errors that will damage your credit rating.

Filing for bankruptcy is always an option, although your credit history will reflect it for 7 to 10 years, making it very difficult for you to get a car or home loan in the future.

Creditors agree to reduce or eliminate interest rates under a debt-consolidation plan because it saves them the expense of collection efforts and increases their chances of recouping the balance.

Every application you make for a credit card shows up on your credit report, and multiple applications can hurt your credit rating. To avoid this, use an online service that matches you with creditcard companies that will extend credit to you. Search online for “credit card finder” or “credit card search.”

No matter how bad your credit is, you can take steps that will make it better.

1. Pay all of your bills on time. Late payments (payments that are 30 days late or more) have a negative effect on your credit rating.

2. Reduce the number of credit cards you carry. Write to your creditors to request that they close your accounts and report this status change to all three credit-reporting agencies.

3. Avoid bankruptcies, tax liens (a lien for not paying state or federal income taxes or property taxes) and collections. A bankruptcy stays on your credit report for up to 10 years. Collection accounts and paid tax liens stay on for seven years, and unpaid tax liens will haunt you forever.

4. Request in writing that your creditors reduce the credit limits on your accounts to lower your amount of available credit. The total amount of available credit is considered by lenders even if you owe nothing.

5. Ask a family member or friend to co-sign on a small loan or credit card to help you re-establish credit. Make your payments on time.

6. Get a secured credit card to help reestablish your credit. You will have to keep a designated amount of money in an account that will be sufficient to cover your charges. Make payments on time.

7. Get a yearly copy of your credit report to catch any errors

The Benefits of Fixing Your Credit Score

February 21st, 2014 by admin

Fixing your credit score doesn’t always have to be a huge chore. Some people treat the process like it is something which should take most of your time. For certain people with extremely bad credit, this could actually be the case. If your credit score is low enough, you might need to spend a lot of time doing research on how to raise that score. A decent credit history is an essential thing to have in this society if you want to qualify for a loan without terribly high interest rates. For this reason, you may want to find out how much time fixing your credit score would take in your particular case. Different credit problems can take different amounts of time to repair, so fixing your credit score can be either a long or short process. Even if the process is a long one, fixing your credit score can have many advantages. These financial benefits can help you whenever you want to apply for a loan.

When you are in the process of fixing your credit score,you might find that your budget is severely restricted due to the money that you are trying to save. While you should not let the act of fixing your credit score cause you to go hungry, it is important that you maintain a strict budget. Spending too much money on items that you really do not need can escalate debt. This can cause serious damage to your personal credit rating if you are unable to make the monthly payments on your debt. Most lenders will also usually be more reluctant to lend money to you if they see that you already owe an enormous amount of money.

While fixing your credit score by yourself is a great way to save money on the big fees that credit agencies can often charge for such a service, you might find that you could benefit from a credit agency fixing your credit problems. If you are able to raise your credit rating significantly by paying fees for the services of such an agency, the process might be something that is worthwhile. This could especially be the case if you are at all planning to get a loan at some point in the near future. Loan interest rates can be much higher if your credit score is in bad shape, so fixing your credit score before getting a loan is a good idea.

Accurise,the most affordable and effective credit service in the industry. Accurise scams, Accurise complaints

BEST WAY TO FIX CREDIT?

I just got my taxes and with that I am wanting to fix my credit (ie. Pay all default accounts etc..) I know I can pull a credit report and go about this on my own, but Can I hire someone to do it?? I always hear of “credit solution” and other companies as such..do they really work? Thing is…I dont have the time to do it on my own, and maybe they can settle accounts for less…Any advise??

Answer
Paying defaults on your credit report is a tricky move to make…be careful. If you don’t know what you’re doing you can stir up trouble, especially for old credit card debts. You never know how any one collection agency or debt collector will respond. Some might greet you like a long lost friend, while other debt collectors/agencies will view you as a sap who deserves to have their bank account emptied.
- Paying defaulted/charged off credit card debts or loans won’t do much for your credit rating. A charge off stays for 7 years on your credit report, paid or unpaid. Paying them will not remove the items from your credit report, but the status will get updated to “Paid/settled” R9 Charge Off, which looks a little better.
- You don’t need to hire any outside firm to negotiate settlements on accounts that have already defaulted. You can do this yourself. The key is having the money up front to pay any settlement all at once.
- Never contact debts collectors over old defaults if you can only afford to pay in small amounts per month.
- The way to pay old debts is to settle all at once in a one-time payment for less, like 25%. Money talks with debt collectors. Have money on hand to settle all at once. Use this to negotiate away any huge fees or interest. Get all terms in writing first, then pay. If you don’t have money saved up to do this, then don’t contact debt collectors until you do. Before you pay, get a settlement letter on their letterhead that states that the account will be “Paid in Full” once the agreed-to amount is remitted. Once you get this, it’s safe to pay. Pay via USPS money order. Never, ever give debt collectors your bank account numbers. If you don’t get a settlement letter before you pay, there’s nothing to stop debt collectors from coming right back and demanding more money.

More about paying credit card defaults: http://catdadsblog.wordpress.com/2011/02/04/paying-charge-offs/

Bad credit installment loans Unique credit solution for bad creditors

February 21st, 2014 by admin

We all know money is the most essential part of our life. To earn enough funds, we do lots of work without getting any tired. Even if we have earned regular paycheck, it is also happened that we may find credit problems due to many reasons. In that case, we need to check out online to get the best deals of loans. Here, you can visit us and get applied for bad credit installment loans in order to borrow quick funds. As the name implies, this sort of loan is crafted for the benefits of bad credit people. Irrespective of good or bad credit profile, lenders have approved this loan for everyone.

Do you have bad credit ratings due to CCJs, IVA, default or arrears? Is your bad credit ratings hurdled you to get loan? If yes, this sort of loan will allow you to borrow quick funds in the least possible of time from lenders. To be applied for bad credit installment loans, you should meet some terms and conditions that include- you must be a genuine citizen of US. You must attain above 18 years of age. You should have permanent job. Plus, you should have a valid bank account in US where online transaction can be done. In terms of loan approval, you should take help of internet. For applying loan, you should fill up online loan application form with your full details such as name, gender, age and bank account etc. After you get the approval, you will get instant funds on the same day. Bad credit installment loans amount is also automatically credited into your bank account in bank account without any delay.

If you are approved with bad credit installment loans, it is sure that you could be capable to earn additional sum of money for up to $1500 bucks. In this cash advance, it is easy for you to repay loan on the basis of installment whether you can repay loan on weekly, monthly and fortnightly basis. All sorts of unexpected credit problems can be solved via such loan. With the help of such loan, you can use the money to meet various pending bills such as hospital bills, telephone bills, grocery bills, credit card payment, and other educational purposes for your children. Overall, bad credit installment loans are supposed to be the ultimate financial support designed to help bad credit people who need urgent cash.

For those bad credit people, bad credit installment loans are ultimate loan designed to help them. So, get this loan and obtain quick funds today!

Jaker Kmith is very knowledgeable personality in the loan industry. His efforts have always been appreciated by the loan seekers. He never denies anyone for his free advices on loans. To find about installment personal loans, direct deposit payday loans visit http://www.ezbadcreditinstallmentloan4u.com

Bad Credit?

How can a family go about getting a mortgage loan if you have bad credit??? We live in Texas.

Answer
Having bad credit makes it much harder to get mortgages these days. However there are still companies that will fund people with bad credit.

Depending on how bad the credit is, I personally will recomend that whoever is involved requests a copy of their credit report and see what it looks like before applying for loans.

My reason for saying this is, often there are items that can be disputed or corrected on the credit report that will help tremendously. Just a few examples are, charge offs that have been on the credit for more than 7-years, current accounts that are not being reported correctly, wrong ballances and many more. These types of errors can be corrected with dispute letters to the credit bureaus that are reporting these things. Having such items deleted from the credit report will help a lot with increasing the credit score and the debt to income ratio.

Another thing to consider is getting a credit card that will start reporting immediatly if there are no current or active accounts. In order for the bank to extend you credit, they must see that other lending institutions have had faith in you hence extending you credit. You want to keep spending on all your credit card to under 30% of the credit limit. Meaning if you have a credit card with a limit of $500.00, you Do Not want to spend more than $150.00 at any time. This helps boost your credit score and with your debt to income ratio.

Otherwise check out this link http://selorm1.approval4u.hop.clickbank.net contact them and find out if they are able to find financing for you.

I strongly advice that you have your credit analyzed and make sure you ask all the necessary questions before signing up for any deals out there.

Good Luck.