Understanding and Improving Your Credit
Information to help you improve your credit
No Credit? Bad Credit? Trying to rebuild?
Today, more people than ever before are suffering with the problems caused by "bad credit". Even people who 2 years ago had perfect credit have seen their credit scores drop dramatically due to the recession and the mortgage crash. On this blog we will provide information for people who are ready to repair their credit and improve their credit score.
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Everyone is entitled to receive one free credit report from each of the three major credit bureaus (Experian, Equifax, TransUnion) annually. This is according to the Fair Credit Reporting Act (FCRA), a provision by the federal government to give consumers the opportunity to check their personal credit for free.
At the start of 2012, it’s good to request for your free annual credit report to make sure that all the details in your file are accurate. You should be aware that the FCRA gives you the right to dispute errors in your credit report. Errors can be an incorrect detail in your personal information, unauthorized charges or incorrect charges in your accounts, or outdated remarks such as a record of charge off, foreclosure or bankruptcy that is older than seven years.
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When it comes to financial matters, your personal credit score is a crucial figure that can make or break your plans. Many banks, creditors and financial organizations will grant their decision on whether to approve your credit application or how much interest rate you will be given based on the information in your credit report. Needless to say, a higher credit score will not only help you win quick approval from lenders, it will also help you give you access to the best deals in the market.
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Certain myths about credit scores are circulating around and believing them can do real damage to your personal credit. So what should you believe and what should you dismiss? On this post, we present the four biggest credit score myths and the truth behind them.
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Are you in the process of searching for employment or do you plan to look for a job at any time soon? In order to avoid disappointments, it is very important to be prepared in all aspects of the job application process.
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A lot of people are interested to know if they can fix bad credit on their own. The fact is that you can do certain steps to improve your bad credit. However, it will not hurt to seek advice or counselling from a trusted credit counselling agency. If you look for a government-accredited agency, you should be able to get valuable credit counselling services for just a small contribution or for free.
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