Studies have shown that people generally maintain a business relationship with their first card issuer for 15 years, which is why creditors want to get customers when they are young. The relationship lasts so long because the young consumer doesn’t know how to find better deals.
Many people are suggesting that credit card companies are aggressively trying to get students hooked on credit by luring them with T-shirts and other freebies when they apply for cards. This guide is designed to give you the facts you need to be a wise consumer and the tools to use credit to your
Read more…Credit Cards: What You Need To Know
Well definitely there is one which gives you free credit reports(but be ware,its only once a year that you can get free credit reports)The site is AnnualCreditReport.com .This site has been authorised to give all US citizens a free credit report once in every 365 days(it has been on since september 2005,so if you dont have got a credit report then generate one from annualcreditreport.com)
Then why are we writing a review of FreeCreditReport.com here?Its because this site too gives free creidt reports but there’s a twist in it.FreeCreditReport.com not only allows its customers to generate a FREE credit report but
Read more…Free Credit Report
The information in your credit report is key to getting the loans you need, but it is only half the story.
Before deciding whether or not to lend money, many organisations take your report, plus additional information included on your application form, and generate a credit score. This score predicts the risk involved in granting you credit.
Calculating your score
Computer programs score your application by looking at how past customers with similar profiles to yours repaid their credit commitments. Every lender uses a slightly different formula that represents its own and industry experience and these may be adjusted according to the type
Read more…Your National Credit Score (United Kingdom)
Every day, companies promise consumers who have poor credit histories that, for a fee, they’ll clean up their credit report so they can get a car loan, a home mortgage, insurance or even a job. The truth is, these companies can’t deliver an improved credit report using the tactics they promote.It’s illegal: No one canremove accurate negative information from your credit report. So after you pay them hundreds or thousands of dollars in up-front fees, you’re left with the same credit report—and a lot less money.
Indeed, attorneys for the Federal Trade Commission, the nation’s consumer protectionagency, say they’ve never seen
Read more…Protect Yourself From Credit Repair Scams
