Free Credit Score Gordon

April 24th, 2015 by admin

A credit standing is a statistical expression based on a statistical evaluation of someone’s credit records. This is widely used to signify the trustworthiness of that individual or family. These credit ratings are connected with a unique street address. This means that whenever a free credit score is applied for more than one person is often associated with the same user profile. A credit rating is mainly dependent on credit information, often acquired from bureaus and derived ultimately from lenders and associated organisations.

The most popular system is logistic regression in order to predict a specific effect, for instance poor debt or not bad debt. In this situation there can be only a positive or a adverse result, and decisions by companies made on this basis may for obvious reasons at times seem a little severe for the reason that they’re either all or nothing. In strictly analytical language, some banks additionally build regression designs which anticipate the amount of bad debt a customer could sustain. It might possibly be based on the levels of bad debt or bad risk of the population in total at any time, so using that technique shouldn’t show bias against anyone unfairly when times are terrible on the whole. But usually, that can be harder to forecast, and the majority of banks concentrate solely on the binary outcome.

It is occasionally helpful to know exactly what your credit ranking is, for a variety of reasons, and right now there are various firms who specialise in providing a free credit score that can help you take decisions based on your financial standing, and may also be able to deliver related services to assist you in the future as soon as your credit account is more confirmed. Some of these procedures will take some time, so a good quality credit profile may well take some time to become established. That is why it’s always best to commence sooner as opposed to later.

Because of the growing and troubling hazard regarding cyber crime at the moment, those who are searching for a credit check program tend to be trying to find a product which safeguards them by tracking their credit file and submitting alerts any time suspicious activity happens. This way you may be extremely secure. ID theft is a horrible matter and can strike anyone suddenly. Credit score providers that offer this extra security are in increasing demand, and so if you look for a free credit score then you will be more than happy with a program like this.

By Gordon G :- http://www.free-credit-score-report.co.uk

Free Credit Score Gordon G

April 21st, 2015 by admin

In the UK, loan companies do not need to reveal their credit rating head, nor are they obliged to divulge the lowest status needed for the consumer to be endorsed. Simply because of to this absence of info to the end user, it is not possible for an enquirer to find out beforehand if they should satisfy a company’s credit rating specifications. Thus the convenience of applying for a free credit score from the beginning, in order to see if this application might be accepted or declined.

With just a few of your own personal particulars from your computer or your email, an identity thief can unlock bank cards, set up online loans and make purchases in your name, with you completely oblivious to it. The criminal may push this if undiscovered, so much that a life may possibly be ruined completely. Cons are getting ever more innovative, many of us think we’re too clever to become victims nevertheless it could happen to us. A solution to the matter could be a free credit score.

Because of the growing and worrying hazard involving online criminals nowadays, people who find themselves trying to find a credit check service tend to be looking for a solution that helps to protect them by watching their credit report and submitting notifications whenever dubious activity happens. That way you will be especially safe. ID theft is a horrible matter and can hit any individual without notice. Consumer credit services that offer this added security are in increasing demand, and so should you search for a free credit score then you will be more than pleased with a facility such as this.

It can be often helpful to learn just what your credit score is, for a variety of reasons, and right now there are various businesses who specialise in delivering a free credit score that can help you make decisions based on your financial status, and might additionally be able to offer associated products and services to assist you in the future as soon as your profile is more established. Several of those processes will take a while, so a good profile may well take a while to become established. That is why it’s better to start sooner instead of later on.

By Gordon G :- http://www.free-credit-score-report.co.uk

Protecting Your Credit Score against timeshare debt collectors

April 18th, 2015 by admin

Learn the 1 solution that will stop those collection letters from the timeshare resort for good as well as protect your credit rating.

Timeshare contracts are legally binding in Mexico, the USA and Canada. Numerous timeshare consumers do not take the time to read their contract carefully because they are on vacation, and often think that a contract signed in Mexico will not leave them with any repercussions to their credit score in their home country if they default on the payments.

With these difficult economic times, many people who thought that they could afford a timeshare 5 years ago, have been put in a situation where it is difficult to meet all the monthly expenses, let alone pay for a timeshare that was sold under fraudulent premises. Unfortunately, thousands of timeshare owners get reported to the credit bureau each day due to defaulting on their loans or maintenance fees to the timeshare resorts after not realizing that their contract was legal and valid in their home country.

If the resort is located in Mexico, how can they affect my credit score in the US or Canada?

The timeshare resorts spend millions of dollars on ensuring that their written contracts are legal and binding for all their international clientele, but particularly their American and Canadian consumers. They will do everything in their power to protect their interests in getting the money from the timeshare buyer, even if the services promised to the clients were lies and misrepresentations offered verbally by the salesperson.

Several Mexican timeshare companies have offices in the US, that allow them to collect on loans internationally. Other resorts sell their debts to collections agencies in the US and Canada that are in charge of ensuring that the loans are paid in full. As the collections agencies are located in the US and Canada, they do have the legal ability to affect client´s credit ratings if they miss a payment, are late on a payment, or simply decide not to pay because they feel they were a victim of a timeshare scam.

These collections agencies are extremely persistent in their attempts to recover the moneyfrom the timeshare owners. They will call at all times of the day or night, to their home, work or cell numbers. They will also send countless emails and letters trying to collect.

Many timeshare owners will pay off their debts, even if it is a timeshare scam, in order to ensure that their credit score remains intact as they are worried about the future of their financial health and their ability to borrow. In this scenario, the timeshare company has won the battle, as they have all the client’s money, and often to not live up to their end of the contract. 

How can I cancel my timeshare as well as the annual maintenance fees without affecting my credit rating?

There are three options for people who want to stop paying their timeshare, however, only one option is a safe way of protecting yourself and your credit.

The first and most extreme option is to file for bankruptcy. This is a potentially very damaging act as it will affect your ability to borrow for a minimum of 7 years. This can inhibit your ability to purchase a home, a car, education, and many other things that are necessary to having a comfortable and enjoyable life.
A second option is to try to rent or sell the timeshare. This is a very risky option because there are many rental and resale agencies that charge upfront fees for the service, and then never rent or sell the timeshare. The client is left with the payments, and has lost another amount on the listing fee. Some fortunate timeshare owners are able to rent their weeks privately on Ebay or Redweek, however, they earn pennies on the dollar, and often rent or sell for less than the cost of the annual maintenance fees or resale transfer fee imposed by the resort to change the title.
The only safe option is to cancel your timeshare membership. By cancelling your timeshare contract, the agreement becomes null and void. This is not the same as renting or reselling your timeshare to another person who will realize that the timeshare is a scam. This is a way of removing all legal rights that the resort has to the timeshare owner by cancelling the agreement all together. Our staff at Mexican Timeshare Solutions specialize in cancelling timeshare contracts, and whenever possible, recovering the money that the timeshare scam victim originally paid.

If you do not want to pay another penny into a timeshare that deceived you, but are worried about your credit rating, contact Mexican Timeshare Solutions today for a free consultation. We can help you to cancel your Mexican timeshare contract and all corresponding financial obligations so that you are free of your timeshare for good. Don’t hesitate, protect your credit score today!

About Mexican Timeshare Solutions:
Our goal is to assist timeshare purchasers who feel they were scammed or taken advantage of by fraudulent salespeople. No upfront fees for our services cancelling timeshare frauds. We offer a free consultation and we do not rest until get your cancellation.

Contact:
www.timesharescam.com
Toll-free: 888-275-3595
Telephone: 714-277-3662
Mexico: 334-162-5467
info@timesharescam.com

 

To know more about timeshare scams go to: Timeshare Scams increase in bad economy

New Way in Computing Credit Scores of Individual

April 15th, 2015 by admin

Fair Isaac Corp (FICO), a Software company based in San Jose, California is developing a new system in computing credit score for those people who stay away from credit cards. The company is developed the FICO score which is the primary tool lenders use to evaluate borrowers and measure consumer credit risk n the United States.

The new system will be using other forms of data like history of the individual in his place of residence to determine stability in that place and other payment histories, like cable, phone, gas, water, electricity bills, etc.  These information are provided by a computer-assisted legal research corporation LexisNexis Group.

Adding the utility bills in computing the credit scores were not done before since utility companies usually do not share information of their customers to credit-reporting bureaus since they don’t need to, unlike credit card companies.

Service providers offers a combination of rewards and punishment to induce behavior of their consumers. If they cannot pay they will shut off the service that their consumer needs like for example electricity or phone services. Unfortunately for credit card companies they have limited options, since they cannot take back goods that their customers purchased with their credit cards if they failed or stop making payments for them. The only thing that credit card companies can do is report you to credit bureaus. The credit bureaus in return will ruin the credit of the offending customer.

Another factor why it has been adopted before is that even if utility companies wants to report customer payment data to credit bureaus state regulators would not let them. State regulators argues that those data will only be use for marketing purposes. A lot of people don’t want to receive telemarketing calls or marketing mails.

The new system will benefit a lot of people that never used a credit card approximately 15 million people who are un-scorable consumers. Most of these people have a hard time proving their financial worth specially when they are renting homes or apartments, taking up car loans or mortgages.

The new system which is currently in a pilot phase will use data from Equifax and LexisNexis. It will still use data like amounts owed, payment history, length of credit history of the individual and new credit and types of credit used.

The current system to calculate the FICO scores are based on the data in the credit reports from the three major credit reporting agency, Equifax, Experian PLC and TransUnion.

Caileen of Bill Pay programs 

What is a Good Fico Score and How to Get One

April 12th, 2015 by admin

This is a question is being asked more than ever. Are you asking what is a good FICO score? The reason why so many people are asking what is a good FICO score is the use of the FICO score when applying for a mortgage. Lenders use your FICO as a way to determine risk. It helps determine the monthly payment and the interest the lender will give you on a loan. That is the reason why a good FICO score is so important. It could save you thousands.

A good FICO score is usually classed as being above 700. At 700, you will have a score better than the majority of U.S. consumers. To be considered excellent, you will have to have a FICO above 750. The above 700 has a low default rate and lenders usually seek borrows around this level.

To get a good FICO score, you should know how it works. Your FICO score is based on your credit report and the FICO formula weighs several different factors. The two largest portions of your FICO score are your payment history and how much you owe. These together make up 65% of your FICO score and if you can concentrate your efforts these are the two to pick

Your payment history is 35% of your FICO score and is a measure of your ability to pay on time. There is a direct relation between paying on time and default making it the most important. It might be simple to say pay your bills on time, but people struggle at it. The use of a budget is a must. You need to account each month for your money and how it is being spent. A budget allows you to set aside money to pay your bills and if you follow it you will pay on time.

How much you owe makes of 30% of your FICO score. If you are near limit the percentage of default increases. To improve here, you need to pay down what you owe. It then comes back to a budget. You need to commit yourself to finding extra money each month to pay down the balances. Furthermore, you need to leave the credit the credit cards at home or do something so you are not spending on the cards. This is a struggle but until this stops finding extra money will get you no where. You need to try to reach a level under 10% owed when compared to your credit limits.

These are two simple methods of how to get a good FICO score, but often not practiced. This could be one of the largest money savers in your life time. Even one interest point could equate to thousands of dollars. An important note is lenders can use different formulas when making lending decisions. Meaning that a 700 score might not get as good of an interest rate as a person with a 720. The lesson is to try to have the highest FICO score possible. You need to be excellent if possible.

Kyle has learned his lesson on credit. He has struggled with his own finances. He now blogs about what he has learned about his FICO score and what is a good credit score.

The Way to Recover Low Credit Score

April 9th, 2015 by admin

For people with low credit score, it’s already a tough road trying to own a car or a real estate. Bad credit history is avoided like plague by majority of financial institutions, but a handful of other financers are always ready to provide credit cards to people with bad credit history. Fix your low credit score is not fast and easy, but its possible.

The first thing you need to do is to get and review your credit report from each of the three national credit bureaus – Experian, Equifax and TransUnion – and make sure, if the information containted in these reports is accurate. Any information that is not accurate has to be reported right away to the national bureau reporting the inaccurate information.

Then you need to realise, that there are ways to repair poor credit score, but low credit score recover can take even months. When you are trying to achieve low credit score repair, you may run into a number of little disappointments and frustrations, however, if you do fall into bad credit, it is important that bad credit history recover is implemented. So this is the reason bad credit history repair is so important. The most important factor of recovering low credit score is – maintaning regular punctual payments to your credit card company. Begin by deciding on a realistic payment schedule that will allow you to begin repaying delinquent debt while continuing to maintain a positive status with those creditors with whom you are still in good standing. You’ll find that most creditors and collection agencies will be glad work with you to set up a reasonable payment plan.

Bad credit history is not a problem, if nessesary steps are being made, but each action has to be taken cautiously. It’s real to get your visa back when you have a bad credit history, but its gonna be hard. The credit card issuers work with understand that a bad credit history can be hard to overcome. That’s why you can and should apply for prepaid credit cards, maintain their balance and show your creditors, that you are responsible. Sooner or later, they will offer you a regular credit card with no security deposit. That’s how the goal can be reached: take responsibility and banks will love you again.

Find best credit card deals at www.credit-card-accepted.com

Hidden Credit Scores that Affect Your Life

March 9th, 2015 by admin

Before you ever receive that solicitation letter from a credit card company urging you to request their card, they’ve been checking you out.

Naturally, they check your standard credit scores. They do want new customers who are most likely to pay their bills each month. But they don’t stop there. Sometimes even people who are currently paying their bills turn to bankruptcy as a way to stop.

Thus, they’ll check your bankruptcy scores. Equifax offers a score called the bankruptcy navigator index, or BNI. This score, and others like it, predict the likelihood that you’ll file bankruptcy in the future.

But knowing you’re a safe risk isn’t enough information to put you on the mailing list. They want to know if they’re likely to get a good return on investment by mailing to you.

More scores help them make the decision to add you to the mailing list, or cross you off their list of potential customers.

Sending direct mail isn’t cheap, so those lenders want to know the likelihood that you’ll make it worthwhile for them. They want to see a high probability that you’ll say yes to the offer. The credit score they use to decide if you’ll go on the mailing list is called a ‘response model.’

But that’s not enough to know, either. You could have solid gold credit, and you might enjoy owning a whole pocketful of credit cards. But if issuing you a card won’t result in revenue for the credit card issuer, they aren’t really interested in doing business with you.

You could be one of those customers labeled a ‘deadbeat.’ No, not because you fail to pay, but because you always pay. Customers who pay every bill in full without ever incurring interest charges, late payment charges, or over-limit charges just aren’t very profitable for the lender. All any of them will get from your credit card use is the fee the retailer pays for the privilege of taking cards. And – they’ll still have to spend money mailing you a monthly statement. They’ll use a revenue score for this one.

Finally, after you’ve mailed in the application, they’ll apply another score. This is a back-end credit report and it determines the credit limit and interest rate they’ll offer when they mail back your card.

This final score, by the way, is the reason why you might respond to an offer for a $50,000 credit line at 4.9%, but when the card arrives it has a $5,000 credit limit at 14.9%.

http://www.creditscorecowboy.com is the #1 source on the planet for a free credit report, identity theft software and a blog with a wealth of information writtten by lending professionals that know about credit and what determines ones creditworthiness.

Free Credit Score And Report The Common Problems with Authorized Credit Card Use

March 6th, 2015 by admin

The authorized use of credit card can be good or bad thing depending upon the person using it. Even if the person placed as authorized user is not making any negative action, there might be some issues that might arise with some mistake in the credit score report as well.

Joel McGregor, a New York University student was authorized user of her mother’s credit card and was given really bad score after the mother passed away, leaving some bad credit.

The problem was resolved with the online dispute form. This simple tool can easily work to your advantage in resolution of many such issues as well. Similarly the person should contact the credit card company for removal of the name from the record as authorized user also. This can be done by both the authorized user or the primary user or owner of account as well.

An authorized user is not held accountable to settle all the debts after the person passes away. As a result they are not in same situation as the joint account holder that jointly shares the liability of a bank account. If one receives any calls regarding the collection of any debts before the liquidation, the wise response is to remind them that no one is responsible or liable completely after just becoming the authorized user.

There are some good things about the authorized user system in Credit Card Act that must be highlighted in here as well. The first being that all the service charges including the interest rate is frozen once the card is placed for settlement after the demise. Similarly while all of the assets of the person passed away are being liquidated the chances of clearance of all debts from the cards are quite high.

The most authorized credit cards users are children or family members, or trusted staff members to undertake this responsibility. Even though the idea of Authorized Credit card user is great as it shares the wealth, there are some real issues that might arise. The first thing is the duplicity of responsibilities. Both the parties can have some impact on the credit rating and even eventual credit score as well.

The reason behind these problems is that the authorized users are often not sufficiently trained to have the full access to the credit, so they must be informed, trained, and given proper guidance on how to  Free Credit Score And Report avoid being irresponsible with limits or become defaulter or even reducing the credit score that the primary user might be enjoying before.

For more information on Check My Credit Score visit my website.

 

5 Ways To Rebuild Your Credit Score After Being Bankrupt

March 3rd, 2015 by admin

Bankruptcy can be a very painful time for anyone. However, bankruptcy surely doesn’t mean it’s the end of the world for you. While bankruptcy can have a major effect on your credit score, it won’t mean that you’ll never be able to avail of credit again. While the recovery process may be quite long and stressful, and sometimes you’ll only be left with nothing with your shirt on your back, or your pants and shoes, there is always light at the end of the dark tunnel. Here are five innovative ways for rebuilding your credit after being bankrupt.

Get A Secured Credit Card

Once your bankruptcy has already been discharged, slowly build back your credit, by getting a secured or prepaid credit card. A prepaid credit card can act like a debit card, where you put in cash, and you draw against it, and you reload the card again. Always make it a habit to not use more than 40 percent of your credit limit on any revolving loan.   

Pay All Your Bills On Time

To build up your credit score after bankruptcy, remember to pay all of your bills on time. From credit card, telephone and utility bills, to apartment rentals and even parking ticket fines, always ensure that you’re not weighed down by too much debt. Some creditors have been known to look at their customer’s bill payment records, so that they can establish your willingness to pay.     

Get Installment Loans

Next, get an installment loan, such as a car or appliance loan. This can be a nice start towards rebuilding your credit score. Once you’ve gotten approval, pay off the loan in the quickest time possible.

Evaluate Your Credit Report For Errors

Your credit report must still need to be fully evaluated, even if you’ve already been declared to be bankrupt. Check out any errors or inconsistencies on your credit report, because any negative item is only allowed to be reported for 7 years. Should you spot any inconsistency or discrepancy in your report, this should be removed or erased immediately.  

Keep Off Any Overdraft Fees

To steer clear of overdraft fees, always make it a habit to balance your checkbook against your monthly statements, and always keep records of the items you purchase, or the services you’ve availed of.

It would also help if you say no to having a ‘co-signer’ to your credit. By having co-signers show-up on your credit report, it may actually weaken your case with future creditors. Once a creditor sees that you’ve had a co-signer, they’ll see you as a high-risk client, and will also ask that you get a co-signer for their loan too.  These times, a person’s financial future greatly revolves around those three little numbers that make up a credit report. A good score indicates that you are financially stable, and is in good standing for applying a loan, or any form of financing. A low or poor credit score will only serve to add more headaches to your financial standing.  

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More Holiday plans this summer Calls for credit score check

February 28th, 2015 by admin

The holidays are up and everyone is expected to go out of town or to do some holiday shopping. You may do all of that and you may even use your card for it. But doing all these will still require to do a credit score check. You might end up hurting your credit if you get carried away with the holidays. It’s a good thing you can still monitor your credit even if you’re enjoying your vacation. You don’t have to sacrifice the fun just to keep your credit score safe. Here are the things that you should do or follow to keep it healthy.

1. If you are going away for the holidays, you can subscribe to an online credit monitoring service. Or if you have a smart phone or android phones, you can just download an application and you’re good to go. All you need is an internet connection and you’ll be able to monitor your credit already. These services will notify you with the changes in your account. You will be alerted for exceeded limits, bills, delinquencies etc. You can even prevent identity fraud from happening. If you want an overall peace of mind and easy tracking of your credit then this is for you.

2. Keep a budget and list down all your expenses if you out for the holidays. This way, you won’t be overspending and you won’t go overboard if you are using your card. If you can manage to stay within your limit or stay below it for about 30% then you’ll be doing some good stuff for your credit. You’ll seem more responsible to creditors if you do this, plus, you won’t have to worry about paying the excess of your bills.

3. Being on a vacation isn’t an excuse for you to not pay your bills. Be responsible and come back to reality. When your bill arrives, check all the important details and make sure that everything in there is right. Pay for it immediately and never ever miss out on one. If you do though, you’ll be hurting your credit scores and that will leave a mark for year. And if you have extra money, try to pay a little more than your monthly balance requires. You’ll finish your balance faster with a smaller interest rate over time.

Follow these tips and enjoy your holidays while keeping your credit score healthy. The holidays can be overwhelming but its okay, as long as you put your priorities first. Manage you credit and get the best out of the holidays.

Get your free credit reports now and check for any errors, discrepancy, identity theft or bad credit. To keep your credit score high, it is important to keep a track on the credit score report regularly.