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      December 18, 2017

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TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Improving Your Credit

Your credit score and credit history are critical to your future - you're financial future that is. Your credit score impacts not only your ability to get that next car loan, a decent credit card, approved for a home but even have access to many jobs. Creditors and employers see your past spending and financial behavior as an indicator of your future. If you've run into a little trouble in the past, it's time to take action now to improve your credit and future opportunities.

Know Your Rights
If your goal is to repair your credit you need to first read up on credit laws and the rights of consumers. You aren't allowed to remove accurate financial reporting but, via the Fair Credit Reporting Act, you can request that companies prove any bad postings to your credit report. When you do submit your dispute (mail, phone, online) you have to include a copy of the actual credit report item. Highlight which entry you're referring to so that you're effort is not wasted. If they can't show specifically what occurred they are required to remove the negative entry. This can have an instant positive impact to your credit report. Also, your credit report should not reflect any negative information that is seven years old or greater unless it is a bankruptcy. Bankruptcies are reportable for ten years and then must be removed. Read over your credit report very closely to identify bad postings and reporting. The Fair Credit Report covers several elements of your credit related rights and should be reviewed in full to best understand what action you can take to repair your credit.

Take Ownership
No matter how your credit got into bad shape, for example a divorce or major illness, take ownership of your credit score. To get your credit back into decent shape you'll need to o lay out a plan of attack. Unfortunately you can't fix your credit right away but sometimes over several months or a year you'll see those numbers start to head in the right direction. One way to get organized and headed in the right direction is to request a monthly or quarterly credit report. Many services offer regular statements as well as alerts should a credit check or credit event occur. Also, vow to be a responsible spender from here on out. If you still have open credit cards, make at least the minimum payments on time each and every month.

Your credit history will make or break your financially. Poor credit can prevent you from getting homes, credit cards, automobiles, jobs and much more. Begin to repair your credit by educating yourself, taking ownership and changing how you use your credit in the future.

What the Federal Reserve rate hike means for your credit-card debt and savings

What's more: Banks are under no obligation to let their customers know they are raising their credit card rates when the Fed announces an interest-rate increase, so consumers should check on their own to find out if their rates are rising, McQuay said.

Published:  Sat, 16 Dec 2017 13:03:00 GMT



How the Fed Rate Increase Affects Your Mortgage, Car Loan and Credit Card Bill

Ethan S. Harris, an economist with Bank of America Merrill Lynch, cautioned in a note to investors that "there is no such thing as a painless Fed hiking cycle." Credit card debt is already expensive, with interest rates at more than 13 percent on ...

Published:  Wed, 13 Dec 2017 20:06:00 GMT



Do You Have Credit Card Debt The Fed's Rate Hike Could Cost You

In simple terms, this means that you should expect your credit card interest rates to increase by 0.25% as a result of the Fed's rate hike. So, if your card's APR is currently 18.24%, like in my example earlier, you can expect this to jump to 18.49% ...

Published:  Tue, 12 Dec 2017 06:04:00 GMT



Trade Talk: Just say 'no' to store credit card offers this year

It's that time of year again. Time to remind readers to avoid store credit cards. Most store-branded cards come with high interest rates. Many offer zero percent deferred interest over an introductory period, but if you can't pay off your bill in that time ...

Published:  Wed, 13 Dec 2017 02:00:00 GMT



5 Things to Consider Before Taking Out a Zero-Interest Loan

And with credit cards, late fees often cause interest rates to climb, not to mention damage your credit score. According to Bankrate.com, 26 percent of Americans have no savings reserved for emergencies, and 24 percent have less than three months' worth of ...

Published:  Sat, 16 Dec 2017 19:59:00 GMT



Prosper vs. LendingClub SmackDown-Who has the best interest rates

DoughRoller receives compensation from some companies issuing financial products, like credit cards and bank accounts ... out just enough to fully fund the loan at the high interest rate. There is no guarantees that the loan will be fully funded and ...

Published:  Sat, 16 Dec 2017 19:25:00 GMT



As interest rates rise, will borrower prudence, too

The interest-rate horizon has been sunny for so long ... Since December 2015, the Fed has driven rates up a full percentage point from near zero (not counting Wednesday's increase) and credit card rates have moved up in lockstep, according to a ...

Published:  Sat, 16 Dec 2017 02:02:00 GMT



Pay more on card payments in UAE as interest rates rise

The Central Bank of the UAE on Thursday said it will raise interest rates by 25 basis points in line ... It is expected that monthly payments on credit cards, adjustable-rate mortgages and home equity lines may go upward and sustains the trend as the ...

Published:  Thu, 14 Dec 2017 00:00:00 GMT



If you have debt, one credit card trick can save you thousands

"The average household with revolving credit card debt pays $904 in interest a ... he also recommends avoiding making purchases with the card, because the 0 percent interest rate doesn't usually apply to new spending. When you select a card, consider ...

Published:  Thu, 14 Dec 2017 07:45:00 GMT



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