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Information on mortgages, home equity loans, and consumer credit to help you use the power of financing to your advantage.
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• Getting Credit: What You Need to Know About Your Credit. Being out on your own can be fun and exciting, but it also means taking on new financial responsibilities. The decisions you make now about how you manage your finances and borrow money will affect you in the future—for better or worse.
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• FREE Credit Report and Credit Score.
• Understanding Credit Scoring and Credit Repair. Credit remediation is a subject consumers often face with fear and trepidation, and for good reason. With the exception of recognizing that the best score wins, the average home shopper knows very little about the whole credit scoring process. Sub-prime borrowers who are eager to move into A-Paper territory often find themselves at a loss when trying to find ways to upgrade their credit history. The good news is there are ways to improve less-than-perfect credit scores and obtain a loan for the home you really want.
• Warning: Free Credit Report Imposter Websites Springing Up on the Web. A recent amendment to the federal Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer credit reporting companies to provide consumers with a free copy of their credit report, upon request, once every 12 months.
• Credit and Your Consumer Rights. A good credit rating is very important. Businesses inspect your credit history when they evaluate your applications for credit, insurance, employment, and even leases. They can use it when they choose to give or deny you credit or insurance, provided you receive fair and equal treatment. Sometimes, things happen that can cause credit problems: a temporary loss of income, an illness, even a computer error. Solving credit problems may take time and patience, but it doesn’t have to be an ordeal.
• Equal Credit Opportunity. Credit is used by millions of consumers to finance an education or a house, remodel a home, or get a small business loan
• Credit Reporting Agencies. If you've ever applied for a credit card, a personal loan, or insurance, there's a file about you. This file contains information on where you work and live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy.
• Credit Scoring. Ever wonder how a creditor decides whether to grant you credit?
• What type of information do credit bureaus collect and sell? Credit bureaus collect and sell four basic types of information.
• Seven-year Reporting Period. There is a standard method for calculating the seven-year reporting period. Generally, the period runs from the date that the event took place.
• How to Dispute Credit Report Errors. Your credit report--a type of consumer report--contains information about where you work and live and how you pay your bills. It also may show whether you've been sued or arrested or have filed for bankruptcy. Companies called consumer reporting agencies (CRAs) or credit bureaus compile and sell your credit report to businesses.
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| ©2005 Lendingtips.com All rights reserved. |
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Lendingtips.com 464 Oak Avenue Naples, FL 34108
Phone (239)877-7835 Fax (239)594-5686
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