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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.

When higher credit scores don't always mean lower interest rates

Most accounts with "excellent" credit scores had an interest rate of less than 15% on their credit cards, but 25% of those accounts had ... from the three major credit bureaus, Experian EXPN, +0.38% Equifax EFX, -0.10% and TransUnion TRU, -0.40% ...

Published:  Sun, 15 Oct 2017 17:01:00 GMT



Read This Before You Use a Retail Credit Card

Some cards have even higher interest rates. Brandsource's credit card charges ... You can find a standard credit card with an excellent 0% intro APR offer or an excellent introductory bonus that probably has a lower APR than you could obtain from a retail ...

Published:  Thu, 19 Oct 2017 04:02:00 GMT



60% of Credit Card Accounts Carry a Balance. Here's Why That Isn't Necessarily a Bad Thing.

The typical credit card charges an interest rate of about 15% per year on balances, with some rising as high as 29% when penalty interest comes into play. Given short-term interest rates are still pretty darn close to zero, paying an interest rate in the ...

Published:  Mon, 16 Oct 2017 05:12:00 GMT



6 Situations Where A Personal Loan May Be Better Than A Credit Card

Revolving debt has no finite payment - you can pay as much or as ... assuming that you make regular payments. Typically, credit cards come with higher interest rates than personal loans. Introductory offers on credit cards may make them the better ...

Published:  Fri, 20 Oct 2017 07:11:00 GMT



Credit stress: 5 ways to negotiate with your credit card company

It's all there in black and white: the interest rate, the annual fees ... card companies - and keep it on your terms. There's no sense in wasting any time. When calling your credit card company to negotiate a better deal, it's best to ask to ...

Published:  Tue, 17 Oct 2017 10:00:00 GMT



A Boom in Credit Cards: Great News for Banks, Less So Consumers

worked for more than two decades as a home health care aide but has virtually no savings. To help pay her electric bill and to buy groceries, she racked up a balance of more than $6,000 on a Discover credit card. The annual interest rate is 29 percent ...

Published:  Thu, 19 Oct 2017 21:32:00 GMT



2017 Retail Store Card Survey: Customers lured to high interest cards with more rewards

There's no better example of today's charged-up ... Depending on their credit score, those cards could offer more rewards at more reasonable interest rates. Special financing deals Despite sky-high APRs, if you play your cards right by paying off the ...

Published:  Wed, 18 Oct 2017 06:47:00 GMT



CBA is launching a new credit card with an interest rate under 10%

The Commonwealth Bank will introduce a new low interest credit card next ... The CommBank credit card being launched in 2018 will have a $5 monthly account fee, a maximum limit of $5000, and no cash advances. And while banks are already sending alerts ...

Published:  Tue, 10 Oct 2017 17:31:00 GMT



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