Do you have Credit Debt that may be out of control or have yourself in a situation that you don't know what to do or have a clear understanding of what Credit is? I understand! What does all this mean and how can I protect myself? We all ask these questions everyday as it is very difficult to find information that helps us to know what we can do to protect our credit and how it affects our everyday life.
There are some resources out there that can help you find out many things about credit topics that you may have such as: How Credit works; What are the credit reporting agencies; Differences between Debt and Credit; What affects my credit; Can I repair my credit; What is my FICO Score; Does this sound like you? Don't get caught up in Credit report crisis.
Lets look a few scenarios.
You do not have a very good credit score but you want to change your credit report for the better to help yourself and your family.
Why wouldn't you? You may want to do this quickly, adding positive aspects to your credit report.
But don't be fooled into getting rid of all the negatives on your account and not leaving any positive credit ratings; this then gives you no credit score, which can in the long run be just as damaging as a negative one.
Or, do you have high debt and feel there is no way out? If this is you, then you probably have some good credit, but you have so much bad credit that you have debt encircling you and getting ever closer.
You need to be able to pay back your debts for as little as possible to start on the road of correcting your credit rating.
Again, you need to be able to add positive credit to your report to counteract the negatives.
If you have no credit whatsoever, you are in a minority.
The good thing to be said about that is that all you really need to do is get some credit onto your account.
The trick with credit is to know when enough is enough.
Don't be tempted to get too much credit and not be able to pay it back, thus destroying your credit rating.
There is a quide available today that you can follow along carefully and learn the secrets the credit card companies don't want you to know-the secrets that will let you lead a more secure, happier, and better life.
In other words, a guide for anyone and everyone who relies on credit in their day-to-day lives-and in today's society, that's all of us.
Having bad credit affects not just what you want now, but also what you can have in years to come.
Your credit score will affect everything from being hired, purchasing to getting a mortgage.
That is why it is vital you keep any good credit that you have and keep the bad credit ratings away.
Bad credit ratings generally come from missed payments on things such as loans, mortgages and credit card payments.
To sum it all up, bad credit comes from any time that you don't pay back any money that you have borrowed from banks, building societies or other lenders.
You don't need to have a congress bailout to take care of these problems.
All you have to do is have a clear understanding of what credit is, how it affects your everyday life, learn the secrets that will affect your score and become an authority on it.
Take control of your life and your own credit.
Learn the secrets that will have your credit score so high that banks will be pounding on your door begging to give you money.
You will never again need to worry about paying those high interest rates due to a low credit rating.
It's time for you to jumpstart your credit and start receiving those low interest loans everyone else has been taking advantage of.
Digging yourself out of the hole is a lot easier than you think.
Whether you have NO Credit, LOW Credit, or BAD Credit - Don't let it stop you from taking charge and reclaiming your life.
Like I said, this may be the most important information you'll read this year, because I'm going to give you tips on exactly how to...
oIncreasing credit limits oIncreasing your credit score quickly oSecrets of Student loans and how you may handle them oPlus, tips on identity theft protection! People with a 720+ Credit Score can get a loan, instantly.
When they want a car, home, business loan, or a bunch of credit cards - no problem; in minutes it's there's.
Is this what you want? Lets look a these Tips.
Increasing Credit Limits The most important method of raising your credit limits are those biannual phone calls where you simply ask.
That will almost always work.
But what if you want a higher limit right from the get go? Here are some simple tips to help you out: o Never understate your income on a credit card application.
o Have a savings account.
o If the application asks for "household income," provide the HOUSEHOLD income, not just your own.
That can include spouses, parents, children, etc.
These three tips can increase your credit limit on any card significantly! Increasing Your Credit Score Quickly Let's say that for whatever reason, you're in a hurry and don't have time to patiently build up your credit rating.
Here are some tips to help you do it in a hurry! o Find out if you have accounts not being reported to credit bureaus (think wide-utilities, financing, etc.
).
If it isn't, request that the creditor report it (assuming, of course, it's in good standing).
This automatically increases the accounts on your report.
o Become an authorized user on a friend or family member's credit card, just for a little while.
Make sure you pick someone with good credit habits.
Explain that you never plan to use their card: You just need their payments to reflect on both of you for a set time (usually ninety days).
o Speak to your bank.
Tell them you're trying to build your credit rating and ask if they can assist you in setting up accounts, borrowing, etc.
When your beginning to build up credit it is not always easy to do so look at these tips and use them wisely for what works for you.
Not every tip works for every person but it is always nice to know that there are alternatives and different ways to build credit.
Secrets of Student Loans Education is expensive, and many people in their thirties are still struggling to pay for their student loans.
A few quick tips on loans: o Never miss payments-this can disqualify you from cancellation.
o Know what type of loan you have (federal, private institution, etc.
).
o Remember that most loans don't require repayment for six months after you graduate-but find out if yours is one of them before you assume this! There are circumstances under which you may be eligible to have your entire loan canceled: o You are permanently disabled.
o You serve in the military.
o You are a full-time teacher in a low-income area.
o You are a full-time teacher in an area with a teacher shortage.
o You provide early intervention services for the disabled.
o You work for an agency serving low income and high risk children, including Head Start programs.
o You are a nurse or medical technician.
o You are a corrections officer.
o You volunteer for Peace Corps of VISTA.
o Your school closed, making you unable to complete your studies.
o Your school falsely certified your loan eligibility.
As you can see, quite a range of people qualify for loan cancellation, and probably never know about it (after all, your creditors aren't eager that you find out!).
If you qualify, you should immediately contact the Department of Education for more information.
Student loans can build for many years, and any opportunity to get rid of them is a dream come true! Identity theft protection Here are some steps you can take and tips you can remember: Never give your bank your mother's maiden name.
Banks commonly ask for your mother's maiden name as a means of identifying you, but really, how hard is that to figure out? It's a matter of public record.
Anyone with a computer (or, failing that, a library card) can figure out your mother's maiden name.
Ask that they give you a different means of verifying your identity.
Don't use predictable numbers for PINs and passwords.
Your phone number, your SSN, your address-these are the first things people will try when attempting to access your accounts.
Pick a totally random assortment of numbers and memorize it.
It's only four numbers, after all; it shouldn't take long.
If you have to write it down to remember it, keep that paper in a safe place.
As soon as you've memorized the number, destroy the paper.
Do not give out your password to ANYONE.
You'd think that would be common sense, but it's amazing how many people share their PINs with their spouses, children, and even friends.
No matter how much you may trust someone, it's always better to keep your password to yourself.
Need proof? I'm sure you can think of a time you've been burned by someone you trusted in the past.
Now, before the incident, did you trust that person as much as you trust your current group of family and friends? It can happen again.
No one expects you to share this information, so you shouldn't.
As in all areas of your life, the rule is common sense.
You have to be careful in an information-based society such as ours.
Information rules the financial world.
Protect yours as you would a gold mine-that's pretty much what it is.
By now, you should have a good sense of: 1.
Why your credit rating is so important, 2.
How to increase you credit 2.
How to build (or rebuild) your rating, and 3.
How to protect yourself from identity theft and other forms of fraud.
Information is critical.
Education is critical.
And guess what? Now, you have those two things! They're in the palm of your hand.
All that remains is for you to go out and use them.
Grab, learn and educate yourself now to be able to have the life you want.
There is so much more information available and you should seize the chance to get it all and learn all the secrets of credit that have always seemed to be out of reach.
Its not..
..
Obviously, if you want to build a good credit record, you have to maintain good credit habits.
Don't let your spending get out of hand, maintain records, and make payments on time.
Be suspicious and protect yourself with all the facts.
There is no reason for you to suffer from poor credit.
Get educated and become an authority.
Take Action Today - improve your credit and change your life!