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Credit Cards
Credit Card And Loan Application Approval Resources To Raise Your FICO ScoreTip! An interesting new twist on reward credit cards are those that allow you to redeem your accrued reward points for gift cards that can be spent at any merchant that accepts their credit card. It's another step away from the limitations imposed by store credit cards and 'membership only' merchants.
Often times crisis happen in life, therefore, causing financial hardship for the family such as divorce, loss of income from company downsizing, illness in the family or death. These unfortunate circumstance can upset your financial capability to pay your mortgage, car payment, credit card debt and other financial obligations. Bad credit can happen to anyone. Filing for bankruptcy can remain on your credit report 10 years. After you file for bankruptcy, it is always best to try and re-establish credit. Once you have re-established your credit, always pay on time. You're trying to gain the confidence of banks, lenders, credit card companies and financial institutions your willingness to pay on time. Your credit worthiness will be judged by your credit rating. Never let anyone run your credit report. Be very cautious! If you're shopping around for a home loan, often times, banks, realtors or mortgage companies will want to run your credit report. Don't do it. Each time someone run your credit report, inquiries will appear on your report, which can lower your FICO score. I have seen clients with several inquiries on their report who had FICO scores in the 600 and now in the mid 400 because of inquiries. Shop around and search for a good lender whom you trust, who is honest and has integrity. When shopping for a home loan, by all means, ask questions. What are your lender fees, interest rate, points, APR, loan approval process? If you have a FICO score of 620 or better, you have an advantage. Demand the very best interest rates. Don't go to sub-prime lenders for a home loan. To maintain a high FICO, try to keep your outstanding balance no more that 30% of the high credit limit. A recommended source for credit disputes, improving your credit or building your financial wealth, visit my recommended reading resource.
Dispute Your Credit Report Order a copy of your credit report. You should be able to get your scores from all bureaus. Verify all data is reported accurately. Prepare a letter to dispute any inaccurate information. Provide any documentation to support it. Know that hard inquiries will remain on your report for two years. Credit report fees may apply depending on your state and situation. Credit bureau contact information Experian PO BOX 2002 ALLEN, TX 75013 888-397-3742 Transunion PO BOX 1000 CHESTER, PA 19022 800-888-4213 Equifax PO BOX 740241 ATLANTA, GA 30374 800-685-1111 Audrey James is a mortgage consultant. Apply for a home loan online and current rates http://www.rpm-mortgage.com/ajames Tips to repair your credit information. Recommended reading http://www.4u2makemoneynow.com
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The worst credit card deals in America - Forbes.com- msnbc.com
It's one thing for card companies to raise rates on customers who are behind in their payments or whose credit scores decline greatly, but quite another for on-time customers.
Credit card numbers stolen off state Web site - Gadgets- msnbc.com
Thousands of credit card numbers were stolen from a state government Web site that allows residents to register their cars and buy state permits, authorities said Friday.
ConsumerMan: Reining in credit card nonsense - ConsumerMan- msnbc.com
The Credit Cardholders? Bill of Rights Act of 2008 would change the way most credit card companies do business and provide consumer protection. It's about time.
Hearing airs credit card rate-change policies - Personal finance ...
Some credit card companies are raising interest rates on good customers even if they pay down their balances, on time, every month.
Congress takes-on credit card firms - Personal finance- msnbc.com
Some members of Congress are denouncing credit card industry practices that include raising interest rates for customers whose credit ratings decline, even if they make their card ...
Credit card companies under attack - ConsumerMan- msnbc.com
We love our credit cards. Buy now, pay later is mighty convenient. And yet, many cardholders are unhappy with the way they?re being treated by their credit card issuers. By ...
Credit card leaks continue at furious pace - Consumer Headaches- msnbc ...
It's a letter no consumer wants to receive: "We are writing you today to let you know that Visa recently informed us of an unauthorized network intrusion," says a note sent earlier ...
Credit card issuers sending out fewer mailings - U.S. business- msnbc ...
What's in your mailbox? Chances are, fewer credit-card applications. ... Hey! I can actually see the back of the mailbox Credit card companies are sending out less direct mail to ...
Credit card late fees continue to climb - Personal finance- msnbc.com
A new study confirms what many shoppers have long suspected: credit card fees continue to skyrocket. Among the findings: the top 10 credit card issuers have raised late fees by 23 ...
Credit card processor admits faults - Security- msnbc.com
The head of the credit card processing company whose computer system was breached by hackers, exposing millions of credit card accounts, has acknowledged that his firm should not ...
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