Tag Archives: credit

Free Credit Report – Why You Need One!

Free Credit Report – Why You Need One! What’s my Credit Rating? Why is it important? If you’re like most of us, you probably don’t even think about your credit rating until it’s time to apply for a credit card, mortgage or car loan. A little known fact is that people with a ‘good’ or ‘excellent’ credit rating can pay a significantly lower interest rate when they borrow money. This wonderful news can mean a savings to you of hundreds or even thousands of dollars over the life of a loan. Why do banks and credit unions give you preferred treatment when you have a good credit rating? Because you have proven to them that you are trustworthy in handling money, pay your bills on time and are responsible for paying back your loans. What is a credit report and how can I get one? A credit report is a list of how much credit (money in the bank, equity in your house) you have available, how much debt (unpaid credit card balance, car loan, unpaid mortgage balance) you have and a record of how well you pay your bills in a timely manner. Thanks to the newly enacted Fair and Accurate Credit Transactions (FACT) Act, you can receive one FREE credit report a year from any of the 3 major credit bureaus.

3 Tips On Debt Consolidation Loans For People With Bad Credit

3 Tips On Debt Consolidation Loans For People With Bad Credit Okay, so we know the economy could be better, and we also know that a lot of people are hurting financially. The sad part is that a lot of people are getting deeper and deeper into debt due to no fault of their own. Just because there are debt consolidation loans for people with bad credit doesn't mean the people who need them are bad. Digging your way out of debt isn't easy, and it can often seem hopeless, but realize that you can get out no matter how bad you may think things are right now. As you will see, there is some good news that you can use to improve your current financial situation. 1.

Is The Average American Credit Score Good Enough

Is The Average American Credit Score Good Enough With all of the talk about people facing financial difficulties, it's no surprise that they want to know what the average American credit score is, and how they compare to it. There are many reasons for wanting to know the average and where you stand. If your credit score is lower, then you may want to work on bringing that number up before you try to get a loan. On the other hand, if it's higher than average, you may want to get a loan right away, just in case your score were to go down. While it's true that most people are familiar with the idea of a credit score, far too few really understand how it works. The lowest possible credit score is 300 and a perfect score is 850.