Bad Credit Articles
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Date Submitted: 8th of June 2005 |
| There's only one way to discover the "health"of your credit.
You need to examine your credit report. Your credit report is
your "consumer identity" that potential lenders will use to
judge your credit worthiness. |
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Date Submitted: 8th of June 2005 |
| Thanks to the FACT(Fair and Accurate Credit Transactions) Act, all U.S.
residents will be allowed one free credit report annually from each of the three
major credit reporting agencies - Equifax, TransUnion, and Experian. This
legislation makes it easy for you to keep an eye on your credit profile throughout
the year easy as 1-2-3. |
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Date Submitted: 8th of June 2005 |
| Building a good credit history is important. If you have no
reported credit history, it may take time to establish your
first credit account. This problem affects young people just
beginning careers as well as older people who have never
used credit. It also affects divorced or widowed women who
shared credit accounts that were reported only in the
husband's name. |
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Date Submitted: 30th of May 2005 |
| A credit report is basically a file about you kept by lenders
and banks. As annoying as it may be, it's still perfectly legal
for them to gather all sorts of details about you. In turn, you
have the right to check this file - and you should do so and
inquire regularly about your credit report and your credit
score, particularly when you plan a big financial change, for
instance, before applying for a loan or a mortgage, you should
always take time and review your credit report. This allows you
not only to plan your moves accurately, but also to dispute any
mistakes that might occur in the report. |
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Date Submitted: 27th of April 2005 |
| Creditors approve credit to those people who most closely match
the right profile. They arrive at those conclusions by assigning
point values to various items of information that are included
either on your credit application or in a credit report. |
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Date Submitted: 4th of November 2004 |
| Sometimes life lands you in a situation that causes your credit
to suffer. A job loss or illness can send your credit rating
south leaving you with nothing to do about it. Some creditors
may let you slide a month or two, but your records will still
show a delinquency. A stolen identity can also leave you feeling
violated and unable to resume a normal life with credit. It is
during these times you may have to search a little harder to
find companies that wan to deal with people who have bad credit.
There are a handful of lenders who will help you re-establish
your creditworthiness by using one of their credit cards. |
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Date Submitted: 4th of November 2004 |
| Home equity loans and home equity lines of credit continue to
grow in popularity. According to the Consumer Bankers
Association, during 2003 combined home equity line and loan
portfolios grew 29%, following a torrid 31% growth rate in 2002.
With so many people deciding to cash in on their home's equity
value, it seems sensible to review the factors that should be
weighed in choosing between out a home equity loan (HEL) or a
home equity line of credit (HELOC). In this article we outline
three principal factors to weigh to make the decision as
objective and rational as possible. |
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