I recommend that you print this information and keep it for reference, as this information you won’t find anywhere else.
Credit scores or credit condition is considered in almost every aspect of life today. Having better credit allows you to be able to qualify for loans for cars, homes, emergencies, and even student loans that you may not be able to qualify for because of past credit situations.
Even if you qualify, your credit score still affects terms and interest rates.
• Car Down Payment
• Car Interest Rate and Payment
• House Down Payment
• House Interest Rate and Terms
• Insurance Rates
• Credit Card Interest Rates
• Some Job Opportunities
• Some State and Federal Issued Licenses
By taking care of the credit issues listed above, you will put yourself in a better position to receive the amount of credit you desire. The following are ways you improve your score without credit restoration. These are things that you can do yourself in the comfort of your own home. I learned these secrets over the last 15 years. They have helped me, many clients and they will help you. |
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Each creditor who reports to the credit bureau has a date each month that they report your information to the credit bureau. Paying your bills about 2 weeks before they are due will help lower the balance and also show that you pay the bill before it is due. Also, when you experience a glitch in your routine, if your bills have been paid already, you have one less thing to worry about. |
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The Balance is what you owe and the High Credit Limit is the highest amount that the creditor has authorized you to be able to borrow. Many times the balance is at the credit limit. This will lower your score. Pay down your bills as rapidly as you can. The greater the difference between the balance and high credit limit, the better the credit. |
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If you apply for more credit you get hurt in two ways. First, every inquiry into your credit history hurts you. Even if it only lowers your score a small amount it is still damaged. Secondly, if you are accepted for the additional credit you will be hurt due to the fact this is new credit, you will have a high credit limit and your balance may be very close to the credit limit. |
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Instead of trying to get new credit try to increase the credit limit by asking for an emergency increase. When you get done it will usually stay at that extended credit amount on the credit card. Remember the difference between the high credit limit and the balance helps in a credit score. By using your current credit card, there will be no new credit appearing on your credit report. Remember that new credit can lower your score. House repairs, funeral expenses and vacations are examples of situations whereby credit card companies may approve an Emergency Increase. |
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I remember when I learned this from a mentor of mine. It was years ago and I was young. I didn’t believe you could get a great introductory rate until I called my credit card company. The key is to tell them that you want the annual fee waived and you want the introductory rate for 6 months. I actually called 17 times to the same credit card company over a period of a few days. On the 18th time they helped me out. I learned right then that grinding for an introductory rate worked. My next question from my mentor is how do I keep that great interest rate? I was told to keep asking for the introductory rate every 5 months. If they won’t do it just transfer the balance and get a card that will. Grinding the credit card company and then making payments that I would have made at the higher interest rate had helped in getting the balance down. Now that helped my credit score. |
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Buying a house is the first step in becoming a financially stable person. You receive benefits that are more than just the tax benefits. You receive more respect from friends, family, and society. You have the appreciation (things going up in value) factor. When you get equity (value of the home minus what you owe) you can use this equity to pay off your debt by refinancing. If you don’t own your home then your landlord is receiving all the benefits. His payment will stay the same while your rent is going up. He receives thousands of dollars of tax benefits. When you move he keeps the house and you’ll be lucky to get your security deposit back. Take advantage of the tax benefits. Buy a home. Apply the savings to paying down your credit. |
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Typically, it takes 7 to 10 years from the date of the last activity posted on an account for credit information to drop off your credit report. In some states judgments have occurred as many as 20 years after the date of the last activity on an account. A reputable credit restoration company that uses legal methods to clean up your credit report would assure the best results. With really bad credit it could take up to 12 months to be financially able to purchase what you desire. However, wouldn’t it be worth it? One year is lot better than 7 to 10! It makes sense to take care of the problem now and put money back into your pocket instead of wasting it on those high payments. The next step is yours. Are you really serious about getting a better credit rating? If you have spent the time to read this far, you obviously have a sincere desire to take some action. I have compiled ways for you to get a free credit report and also a complimentary credit analysis. It is so easy. |
1. www.privacyguard.com Quick link to this website and get your full 3 bureau credit report for FREE.
I will conduct a no cost to you credit analysis. I will call you on my dime.
If you would like to learn more from our in-house Credit Expert please take a second to tell us some information about you and your situation.
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