Chane Steiner asked: You see the words “charge off” a lot these days. The society is heavily credit dependent and millions of people find themselves in difficult situations concerning their debt. In fact, a full one percent of credit card debts end up being recorded as charge offs today. Let’s examine what a charge off [...]
Tim Gorman asked: Monitoring your credit is one of the easiest and most effective ways of protecting your credit against errors and fraud. Monitor your credit report to catch ID fraud early.Credit reports can be an important tool as you embark on the road to financial recovery. By regularly reviewing your credit rating and information [...]
Tim Gorman asked: The Fair Credit Reporting Act (FCRA) mandates each of America’s credit reporting companies to provide each and every citizen with a free annual credit report on request – the three companies being Experian, Equifax and TransUnion. These three financial organizations have jointly hosted a common website from where consumers can order their [...]
Tim Gorman asked: If you have consumer loans or credit cards in good standing, it is good practice to ask for credit limit increases every six months. Just by increasing your maximum limit on your accounts can vastly increase your credit score. Not only does it help to reduce your debt ratio but credit bureaus [...]
Tim Gorman asked: Income, assets, and debt to income ratio are important to lenders and to you when you are wanting a home loan to buy a house if you have a low credit score. So even with a recent foreclosure, a high level of cash assets could qualify you for a decent rate. Income [...]
Michael Affleck asked: For quite a number of years now many have come to depend on their credit cards to help them get through tough times and to help them purchase the things that they want that they likely can not really afford to buy. Yet people all over the world have plunged themselves head [...]
Tim Gorman asked: If you’re applying for any type of credit or loan, especially for large purchase such as a house or car, then you need to know how to get your credit score. This is the information that is held by credit report companies so that financial institutions can find out how reliable you [...]