Credit Rating,Finance

How to Repair Bad Credit Ratings19 Nov

Many people unwittingly get bad credit ratings and then land up paying even more money.

If you have a bad credit rating, you can get into a worse financial hole and your credit cards, which have become a lifeline for many people – can even be stopped. Worse, if you apply for any kind of loan whether it is for a house, mortgage, education or whatever, you may not be approved or you may have to pay a much higher rate of interest.

Check out your credit ratings

Even if you are financially responsible, and not in debt, you should be aware of your credit ratings. There are three credit bureaus in the US that keep a check on your credit ratings. These are Experian, Equifax and TransUnion. They will go through your credit balances, check when you have made payments and whether you have been late, how much penalties you have to pay, what is the outstanding you have on your cards.

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Credit Rating,Culture,Finance,Fraud & Scams

How to Protect Yourself Against Improving Credit Score Scams24 Apr

If you don’t have a great credit score, if you are always in debt and always behind payments and looking to find ways to improve your credit score, you will find them.

Sometimes you are in badly over your head in debt and wonder what you can do. Sometimes you are denied loans, a mortgage or extra credit, and you wonder if you can do anything about it. When you look it up on the net, you will find many sites which offer free credit counseling, offer to help you manage your debt better and get your financial health in order.

The improving credit score scam

There are many sites which offer to help you improve your credit score for a fee or for free. Be very wary of these because many of them are fake. Many of the companies offer you free credit reports from three companies, Equifax, Experian and TransUnion. Of these only FICO (Fair Isaac Corporation) score from Equifax is valid and true. The credit scores from the other two are frequently inflated.

How do they work… Read More