 |
Good Credit Is a Necessity for Everyday Living
Most of us want a good credit report to obtain vehicle
financing, credit cards for emergencies and luxuries, and to
finance a home mortgage. However, beyond these consumer loans, a
great credit report makes your life easier.
Having a credit card means that you can order tickets, rent a
car, and reserve hotel rooms. Your strong credit score makes it
easy for you to arrange cell phone service and necessary utility
services, without large deposits.
Besides these conveniences, your credit report can mean that
you must pay higher deposits and rates for everyday services. Did
you know that poor credit history can keep you from getting
utility connections, good telephone rates, the best auto
insurance, high-quality home owner's insurance, or even prevent
you from getting hired?
Some utility companies set minimum standards for service
connections. If your report shows collection accounts for prior
utility bills, you may not be eligible for service at all. And if
they do agree to connect your service, you'll need to pay a
higher deposit than another customer with good credit, who may
not need to make any deposit. The same requirements exist for
telephone services. People with high credit scores don't need to
pay deposits for home telephone or cell phone services.
What many people don't realize is that good credit enables
them to get better insurance rates. High-quality, low-cost home
owner's insurance, auto, and life insurance companies set minimum
credit standards for their policy holders. This means that
consumers with poor credit have to pay more for less coverage.
Many automobile insurance companies now base monthly premiums on
credit scores. These companies offer a 17% discount if your score
is over 625 and a 25% discount if your score is over 725. Why?
Because according to consumer surveys, people who care about
their credit also take care of their property and drive with
caution.
Terrible credit can cost you a job. More and more employers
look at a candidate's credit report and hire the person with
better credit, assuming that better credit equals better
integrity and character.
What you don't know about your credit could be hurting you.
Don't wait until you need your credit to work on any problems.
Strong credit translates to personal reputation.
(c) Copyright 2005 Jeanette J. Fisher. All rights
reserved.
Jeanette Fisher, author of "Credit Help! Get the Credit You
Need to Buy Real Estate," helps people buy their dream home or
finance multiple investment properties. Jeanette teaches real
estate investing and Design Psychology. For help with your credit
or answers to your questions, visit the Real Estate Help Credit
Center at http://www.recredithelp.com -
Get the credit you need to buy one house or twenty!
Subscribe to Credit Help! Tips. Send a blank email to
CreditTips at recredithelp.com
MORE RESOURCES:
Credit - Google News
|
|
|
RELATED ARTICLES
Get Your Credit Score To
Soar In The Twinkling of An Eye
Ever wonder how a creditor decides whether to grant you
credit? For years, creditors have been using credit scoring
systems to determine if you'd be a good risk for credit
cards and auto loans. More recently, credit scoring has
been used to help creditors evaluate your ability to repay
home mortgage loans.
Lower Your Credit Card
Interest Rate Now!
With today's credit card companies, there are many
opportunities to get your cards rate of 21% or more
reduced. The higher the amount of interest your card
charges will cost you more for a simple purchase and
ultimately may take you years to pay off instead of months,
should you make the minimum payment allowed.
Are You The Only One
Using Your Name?
Identity theft has become an epidemic. Millions and
millions of purses and wallets are stolen everyday and many
of them are not just taken for the money inside.
Finding and Applying for
the Right Credit Card Offer Online
Anywhere you go online nowadays, you will see a multitude
of ads for credit cards. Some offer low interest rate for
an introductory period, or bonus frequent flyer miles while
others offer real discounts on new vehicles and equipment.
UPS Delivers the Goods,
Your Identity
Well now we add CitiGroup and UPS to the Identity Theft
corporations who have allowed Americans identity to be
lost. Each time we have another identity theft case, we
find larger and large numbers being lost.
Understanding Credit
Card Penalties
Because most of us have one or two credit cards and we use
them every day, understanding credit card penalties and
fees is a significant issue since one time or another we
have paid a penalty for some reason. Every user of a credit
card must first understand that every charge on the credit
card represent a loan which must be repaid.
What Is A FICO
Score?
A credit score is most commonly known as a FICO score. FICO
stands for Fair Isaacs Corporation.
Give Yourself
Credit
The Beginning of the Credit Card EraIn 1951, Diners Club
issued the first credit card to 200 customers who could use
it at 27 restaurants in New York City. From that modest
beginning, credit cards have become an indispensable part
of modern life.
Like It Or Not, You Have
A Score To Settle! Part 1
Just when most people finish with school and can stop
worrying about test scores, there's a new kind of scoring
that enters the picture. It's called credit scoring.
Saving Money: Quick
Cash, High Cost
I didn't think it was possible. But it is.
Identity Theft -
Additional Protection for Soldiers on Active
Duty
Congress passed the Fair Credit Reporting Act several years
ago in an attempt to smooth out some problems in the credit
reporting industry. The best known provision of this Act is
one that permits Americans to receive a free copy of their
credit reports from each of the three main credit bureaus
once per year.
Credit Cards Can Help
You Get Out Of Debt
Your credit rating / credit score is based upon how you
have dealt with credit previously. If you have always paid
the full amount owing and never missed a payment then your
credit score will be high.
The Truth About
Credit
What you might not know about credit.Some people don't know
about a loop hole in the credit reporting system.
What is Credit Card and
Debit Card Blocking?
Have you ever been told you were over your credit card
limit, or had your debit card declined, even though you
knew you had available credit or money in your bank
account? If this happened shortly after you stayed in a
hotel or rented a car, the problem could have been card
"blocking."What is Blocking?When you use a credit or debit
card to check into a hotel or rent a car, the clerk usually
contacts the company that issued your card to give an
estimated total.
10 Ways of Reducing the
Risk of Identity Theft
1- Check your credit report regularly2- Secure personal
information in your home, especially if you have roommates,
employ outside help, or are having work done in your
home.3- minimize the amount of information someone can
steal, do not carry extra credit cards, your Social
Security card, birth certificate or passport in your wallet
or purse, except when needed.
Do You Know The Top Five
Credit Card Mistakes?
When you're dealing with credit cards, you're playing with
fire. Unfortunately, there are plenty of people out there
who don't realise that, and make all sorts of dangerous
mistakes with their credit cards every day.
The Easy Way To Gain
Access To Your Free Online Credit Report
When you apply for credit, those lending you the money want
to know if you are going to pay them back. One way they
decide if you are a good risk is to see how you've dealt
with other people's money.
Free Credit Report - A
Website Typo Could Be Costly
In 2003, Congress passed the Fair and Accurate Credit
Transactions act (FACT), which made it possible for
consumers to obtain a copy of their credit report for free.
In fact, the legislation makes it possible for consumers to
obtain one free report from each of the three main credit
bureaus - Experian, Trans Union, and Equifax, per year.
SuperCharged Secret 3,
Credit Card Utopia
TURBO-CHARGED KILLER RATE SAVING INFORMATION!Let's just
take a brief moment to recap:If you've been following along
on this journey with me, learning the 5 Super-Charged
secrets to Credit Card Utopia, then you now know 2 very
important things:You now know how to take advantage of zero
to low interest credit card offers.You now know that there
is safety in numbers, and you know the magic "Who's Who" of
the major credit card companies.
Addressing Bad Credit
Card Debt
Spending HabitsSo you've just got your credit card. The
first thing you need to be wary about is that a credit card
is very easy to use - afterall you can shop in stores, via
catalogs and online with your credit card.
|
|
