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Credit Score Tips For Raising Your Rating
In raise your credit score of Editor (October 31, 2008 5:15 am)
Is it really that important to raise your credit score? Maybe. Lenders have “break points” between scores that get you one interest rate or another. Suppose you have a score of 688, and the lender drops the mortgage rate by .5% at 690. Those two points can cost you an extra $20,000 in interest on a $170,000 loan (over 30 years at 6.5% instead of 6%). Is that important enough for you? What can you do?
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Credit and Employment: Does It Matter?
In credit and employment of Editor (October 26, 2008 8:03 pm)
People can live without owning a home, they just rent. People can live without owning a car by riding the bus. People can go without health insurance; it is not ideal but possible. People learn how to deal with cash only instead of credit cards, but there is one thing that it is hard to function without - a job. Now credit is having an effect on people’s employment in a way that it didn’t in the past.
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What You Need To Know About Your First Credit Card
In first credit card of Editor (October 21, 2008 9:11 am)
What is the first thing that you do when you feel you have reached adulthood? Some may think that the answer is to buy your own car, your own house, or to pay off all of your student loans, but none of these choices are right. The reason all of the before mentioned items are not correct is because in order to get a car, house, or any other possession, you must have established some good credit. A lot of people find themselves ready to leave their parents’ house and go out into the world, and they don’t have credit. They don’t have good or bad credit; they just don’t have any at all. So, how does someone fix this problem? Inevitably, everyone out there gets a credit card. However, if you are not careful, a credit card can get you into serious trouble.
Marriage and Divorce Can Affect Your Credit Score
In marriage divorce credit score of Editor (October 15, 2008 4:51 am)
While most marriages start off with good intentions and promises of sticking together through thick and thin, it is often those “thin” periods that run the marriage into ruin. No one wants to consider that relationships do end, and many times the split occurs over financial arguments. Each year thousands people get married and still over half the population is divorced. Where the bad credit of one or both partners wasn’t an issue before the wedding, the stress of trying to keep bills paid can take its toll.
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Should I try using this ad for credit help that I got in my email?
Be very, very careful about which ads you answer when looking for help re-establishing your credit. Many of these ads are scams that will promise you the moon and deliver absolutely nothing. No one can completely erase bad credit and anyone who claims to be able to do so is lying. Fly by night companies like this will only get you further into debt when you pay them the money you could have been using to pay off some of your creditors. If you are seeking solid financial advice to improve your credit score, check out this comprehensive guide: Credit Secrets