You May Be Paying Too Much Interest On Your Credit Card Because Of A Mistake On Your Credit Report!
A mistake on your Credit Report could cost you thousands of dollars every year and you may not know it's even happening.
If you don't have a credit history then you have a perfect opportunity to establish a good credit history and it's critically importantly you do so. If you're one millions of consumers with a credit card then you must check your credit report every year.
You need to understand that not only do you need good credit to purchase a home or buy a car at a good interest rate but your credit history can affect your chances at landing a good job, getting that apartment you want, even the rates you'll pay on insurance
is updated on a regular basis -
Sat May 25, 2013 02:20 pm
Warning: include() [function.include]: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/creditca/public_html/creditreports.php on line 98
Warning: include(http://www.financefeed.org/feed/creditview-reports.php?af=124231&ac=100) [function.include]: failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/creditca/public_html/creditreports.php on line 98
Warning: include() [function.include]: Failed opening 'http://www.financefeed.org/feed/creditview-reports.php?af=124231&ac=100' for inclusion (include_path='.:/usr/lib/php:/usr/local/lib/php') in /home/creditca/public_html/creditreports.php on line 98
So, if you're
just starting out here's your chance to learn how to do it
right, if you've run into some tough times and your credit
history isn't where you'd like it then you'll find tips to
help you get back on track.
First and foremost,
check your credit report to see where you stand. That kind
of information is contained in your credit report at each
of the three major bureaus: Equifax, Experian and Trans Union.
The information collected by these three credit bureaus is
used to create your credit scores. Lenders, potential landlords
and employers may also look at your credit report to evaluate
at your credit report you need to ensure that someone else's
information didn't get mixed in with yours. This can happen
though identity theft or an error by one of the different
If this has
happened to you then you need to work with the different credit
bureaus to fix whatever errors there may be before you apply
for any time of credit.
Like to know
what one of the easiest yet most often overlooked ways to
get started building your credit? Open a checking and savings
account…it's that simple. Lenders like to see you with at
least a checking account but having a savings account as well
is viewed as a sign of stability.
Learn the basics
of how your credit is scored. It's really quite easy to understand,
pay your bills on time and don't use all of your available
credit. It's critical that you pay all your bills on time,
I set up most of my accounts to pay automatically and the
ones I can't I set up a reminder so I don't forget.
I use to close
out one account as soon as it was paid off or when I transferred
the balance to another credit card that had a 0% introductory
period. That was a big mistake, it's important that you keep
your credit use to less than 30% of your credit limits. This
does a couple of things for you, first it will help keep you
from getting yourself in over your head. But where it concerns
your credit score, lenders and credit bureaus look very positively
on the fact that your credit isn't maxed out.
I couldn't tell
you how many times I read where the experts advise college
students not to apply for credit cards, I'm not going to go
into the reasons they feel this is good advice but I couldn't
look favorable on college students and are willing to take
risks with you that they won't after you've graduated. They
know that the vast majority have parents that will bail them
out if they get in over their head. For this reason you may
be able to get credit now and not when you graduate.
to improve your credit score is to get an installment loan.
Again the credit bureaus and lenders like to see a different
mix of credit types. Start out with a credit card, use it
wisely for a year and then apply for a loan from you bank
or credit union. Keep the loan period short, say 12 to 18
months, make all your payments on time and this will greatly
aid in building your credit score.
These are some
of the easiest and most effective ways to either build you
credit history or repair your credit if you've had problems
in the past. As you continue to build a good credit history
you credit score will increase as well.
Reasonable efforts are made to maintain accurate information.
However, information is presented without warranty. When you
click on the "apply online" link you will have an opportunity
to review the credit card terms and conditions on the credit
card issuer's web site.
Credit Reports & Monitoring