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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.
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.
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Zero Interest Rate Credit Cards In The News
Cards tied to federal interest rates don't require the same heads-up before rate ... [Business Insider] 4 Ways To Protect Yourself From Credit Card Fraud Unless you avoid using credit cards altogether ...
Published: Fri, 19 Oct 2018 13:18:00 GMT
That will cost consumers nearly $2 billion more in interest charges. As rates go higher, the credit card companies are getting more creative.. with gimmicks such as cash back, rewards, and zero intere...
Published: Wed, 17 Oct 2018 18:58:00 GMT
Meanwhile, four store credit cards - from Brandsource, Big Lots BIG, -8.24% Staples and Zales SIG, -2.60% - had minimum APRs at or above 29.99%. Many retailers charge higher interest rates for their s...
Published: Thu, 18 Oct 2018 11:17:00 GMT
But with the rate-hike cycle showing no signs of stopping, card rates reaching record ... and the average household is paying roughly $1,300 per year in credit-card interest, and that was calculated w...
Published: Wed, 17 Oct 2018 16:03:00 GMT
The good news for consumers is the Federal Reserve tends to increase its rates slowly. Each increase is usually 0.25%. For most people with credit card debt, that increase doesn't amount to more than ...
Published: Fri, 19 Oct 2018 07:39:00 GMT
There's no such thing as a "best" credit card. The key is finding one ... so they don't care about cards that have high rates. Ignoring rates can simplify shopping for the right card. "Interest rate i...
Published: Fri, 19 Oct 2018 07:18:00 GMT
If you have bad credit or no credit, start with a card ... Note: It's important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently ...
Published: Thu, 18 Oct 2018 09:36:00 GMT
Credit ... period with no outstanding amount. However, it is essential for you to know that the interest-free period is calculated from the starting of the statement date and not from the date you m...
Published: Fri, 19 Oct 2018 10:30:00 GMT
The average credit card interest rate is about 17% ... When choosing a balance-transfer credit card, you want to make sure that it offers a 0% introductory balance-transfer rate for new cardholders. Y...
Published: Tue, 02 Oct 2018 03:48:00 GMT
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