Saturday, June 9, 2007
Excellent Credit Card Offers
I found a great site for credit cards. Whether you have poor credit, you're a student, or have excellent credit this website will have the card for you. They are super organized, informative, and user friendly. If you are in search of a great credit card for your credit then check out Credit Card Applications
Monday, May 21, 2007
FIFTEEN RECOMMENDATIONS TO PROTECT AGAINST IDENTITY AND CREDIT CARD THEFT
In 2002, there were approximately 500,000 identity theft victims costing banks and credit card companies about $5 billion because they ultimately pick up the tab. The average victims will spend $1,374 and 175 hours cleaning up their credit report. Identity thieves rob more than 500,000 Americans every year. These steps will help you reduce your risk of identity theft. 
1.Closely protect your Social Security Number because it is the key to your credit report and banking accounts and is the prime target of criminals.
2.Monitor your credit report as it contains your Social Security Number, present and prior employers, a listing of all account numbers, including those that have been closed, and your overall credit score. After applying for a loan, credit card, rental or anything else that requires a credit report, request that your Social Security Number on the application be truncated or completely obliterated and your original credit report be shredded before your eyes or returned to you once a decision has been made. A lender or rental manager needs to retain only your name and credit score to justify a decision.
3.Shred all old bank and credit statements and "junk mail" credit card offers before putting them in the trash. Where possible, use a crosscut shredder.
4.Remove your name from the marketing lists of the three credit reporting bureaus to reduce the number of pre-approved credit offers you receive.
5.Add your name to the name-deletion lists of the Direct Marketing Association's Mail Preference Service and Telephone Preference Service used by banks and other marketers.
6.Do not carry extra credit cards or other important identity documents except when needed.
7.Photocopy both sides of your license and credit cards so you have all the account numbers, expiration dates and phone numbers if your wallet or purse is stolen.
8.Do not mail bill payments and checks from your home mailbox because they can be stolen and washed clean in chemicals. You should take them to the post office.
9.Do not print your Social Security Number on your checks
10.Order your Social Security Earnings and Benefits statement once a year to check for fraud.
11.Examine the charges on your credit card statements before paying them.
12.You should cancel all unused credit card accounts.
13.Never give your credit card number or personal information over the phone unless you have initiated the call and trust that business. Don't give a bank account number or Social Security number to any person or company you have doubts about. A company that has only a Web site or mailbox drop should raise suspicions.
14.Don't leave credit card receipts lying around.
15.Subscribe to a credit report monitoring service that will notify you whenever someone applies for credit in your name.
The Internet is replacing more traditional methods of scamming individuals, including the phone and mail. Of the complaints that weren't related to ID theft, half had some connection with the Internet. Consumers were contacted online, responded to Web ads or made a questionable transaction entirely on the Internet. Of the consumers who complained about fraud, only 23% were contacted by phone. Nearly 20% of suspected frauds were done through bank debits, according to the Federal Trade Commission.
1.Closely protect your Social Security Number because it is the key to your credit report and banking accounts and is the prime target of criminals.
2.Monitor your credit report as it contains your Social Security Number, present and prior employers, a listing of all account numbers, including those that have been closed, and your overall credit score. After applying for a loan, credit card, rental or anything else that requires a credit report, request that your Social Security Number on the application be truncated or completely obliterated and your original credit report be shredded before your eyes or returned to you once a decision has been made. A lender or rental manager needs to retain only your name and credit score to justify a decision.
3.Shred all old bank and credit statements and "junk mail" credit card offers before putting them in the trash. Where possible, use a crosscut shredder.
4.Remove your name from the marketing lists of the three credit reporting bureaus to reduce the number of pre-approved credit offers you receive.
5.Add your name to the name-deletion lists of the Direct Marketing Association's Mail Preference Service and Telephone Preference Service used by banks and other marketers.
6.Do not carry extra credit cards or other important identity documents except when needed.
7.Photocopy both sides of your license and credit cards so you have all the account numbers, expiration dates and phone numbers if your wallet or purse is stolen.
8.Do not mail bill payments and checks from your home mailbox because they can be stolen and washed clean in chemicals. You should take them to the post office.
9.Do not print your Social Security Number on your checks
10.Order your Social Security Earnings and Benefits statement once a year to check for fraud.
11.Examine the charges on your credit card statements before paying them.
12.You should cancel all unused credit card accounts.
13.Never give your credit card number or personal information over the phone unless you have initiated the call and trust that business. Don't give a bank account number or Social Security number to any person or company you have doubts about. A company that has only a Web site or mailbox drop should raise suspicions.
14.Don't leave credit card receipts lying around.
15.Subscribe to a credit report monitoring service that will notify you whenever someone applies for credit in your name.
The Internet is replacing more traditional methods of scamming individuals, including the phone and mail. Of the complaints that weren't related to ID theft, half had some connection with the Internet. Consumers were contacted online, responded to Web ads or made a questionable transaction entirely on the Internet. Of the consumers who complained about fraud, only 23% were contacted by phone. Nearly 20% of suspected frauds were done through bank debits, according to the Federal Trade Commission.
Sunday, May 6, 2007
Interest rates haven't been this low for decades, tempting some consumers to take on additional debt to ease existing credit woes. The goal is to consolidate various higher-interest balances into one, easier-to-handle and less-costly package.
But be careful of what looks to be a quick fix.
"You're getting symptomatic relief, not a credit cure," says Chris Viale, general manager of Cambridge Credit Corp., a nonprofit credit counseling agency based in Agawam, Mass.
This fighting-fire-with-fire approach can take several forms. There are debt-consolidation loans, balance transfers to a zero-percent credit card and home equity loans or lines of credit.
But, says Viale, 70 percent of Americans who take out a home equity loan or other type of loan to pay off credit cards end up with the same (if not higher) debt load within two years.
Viale's statistics underscore a major problem with debt consolidation: It feeds upon the tendencies that got you in trouble in the first place. By taking on yet another creditor, you're adding the proverbial fuel to the fire. In this case, it's your money that's burning.
Plus, if you've taken on so much debt that you're looking for more as a solution, chances are you won't qualify for the very low interest rates you see advertised. Those generally go to people with stellar credit ratings.
However, if you're at the end of your credit rope or swear that this time you'll be more disciplined, debt consolidation may be something to consider despite its risks. Here are some popular forms of debt consolidation, how they work and a look at their pros and cons.
Read the rest of the article here
Wednesday, May 2, 2007
Getting free copies of your credit reports
Yes, you can get one free copy of your credit report every year from each of the big three credit reporting agencies: Equifax, Experian and TransUnion.
You just can't get your reports directly from them.
You must go to Annual Credit Report
Before we look at why you should do this, and with identity theft becoming more and more of a financial epidemic, let's look at how to do it.
AnnualCreditReport.com is the centralized service that the three agencies set up that processes requests for free annual credit reports. You will find information about it on each of the three credit reporting agencies' home pages, but you might have to look around for awhile to find it.
The home page of each of the companies -- equifax.com, experian.com and transunion.com -- gives the information under a heading that reads something like this: "What is the FACT Act?".......
Read the rest of the Article here
You just can't get your reports directly from them.
You must go to Annual Credit Report
Before we look at why you should do this, and with identity theft becoming more and more of a financial epidemic, let's look at how to do it.
AnnualCreditReport.com is the centralized service that the three agencies set up that processes requests for free annual credit reports. You will find information about it on each of the three credit reporting agencies' home pages, but you might have to look around for awhile to find it.
The home page of each of the companies -- equifax.com, experian.com and transunion.com -- gives the information under a heading that reads something like this: "What is the FACT Act?".......
Read the rest of the Article here
Thursday, April 26, 2007
Piggyback can lift your credit score
It's called piggybacking, and like the childhood playground game, it involves getting a lift. Only with this piggyback ride, it's your credit score that gets a boost.
Critics claim it's lenders who are being taken for a ride.
Piggybacking works like this: After paying a fee, you are listed as an authorized user on someone else's credit card, someone with a healthy credit rating. You don't actually get to use the card, but the credit history of that card appears on your credit report, making it more attractive.
Internet sites that make these connections claim that this ride on someone else's credit history can raise your credit score almost instantly. Higher credit scores mean better deals and lower interest rates on loans.
You will, of course, pay for the privilege -- often thousands of dollars.
And why would the credit card holder allow you to piggyback on his or her lofty credit rating? Read the rest of the Article
Critics claim it's lenders who are being taken for a ride.
Piggybacking works like this: After paying a fee, you are listed as an authorized user on someone else's credit card, someone with a healthy credit rating. You don't actually get to use the card, but the credit history of that card appears on your credit report, making it more attractive.
Internet sites that make these connections claim that this ride on someone else's credit history can raise your credit score almost instantly. Higher credit scores mean better deals and lower interest rates on loans.
You will, of course, pay for the privilege -- often thousands of dollars.
And why would the credit card holder allow you to piggyback on his or her lofty credit rating? Read the rest of the Article
Monday, April 23, 2007
First things first..if you have bad credit, start by fixing it.
If you want a credit card, one of the easiest ways is to apply for a department store credit card. They are more likely to give you a credit card then your major issuers. HOWEVER, I do not recommend it. They have higher APR's. BUT, it can get your credit established so you can get a good Visa or Mastercard later on down the road.
Best Credit Cards- Find the best credit cards at CreditCardSearchEngine.com. Compare low interest, cash back, gas rewards, airline cards, student, business, and credit cards for bad credit. Compare and apply today!
If you want a credit card, one of the easiest ways is to apply for a department store credit card. They are more likely to give you a credit card then your major issuers. HOWEVER, I do not recommend it. They have higher APR's. BUT, it can get your credit established so you can get a good Visa or Mastercard later on down the road.
Best Credit Cards- Find the best credit cards at CreditCardSearchEngine.com. Compare low interest, cash back, gas rewards, airline cards, student, business, and credit cards for bad credit. Compare and apply today!
Thursday, April 19, 2007
Maintaining Your Credit Score
Here a few tips to maintaining a good credit score:
Cash Back Credit Cards – Earn cash back just by using your credit card. Several credit cards to choose from. Earn cash back on groceries, gas, and everything else you buy. Apply securely and safely online today!
- Don't apply for too much credit in a short amount of time.
- Only apply for credit that is obtainable. If you know you won't qualify for an American Express Card, then don't apply for it.
- Pay your bills on time!! Even if it's the minimum, always pay it on time.
- Don't max out your credit cards and don't go over the limit.
These are some important tips in keeping your credit score in good standing.
Cash Back Credit Cards – Earn cash back just by using your credit card. Several credit cards to choose from. Earn cash back on groceries, gas, and everything else you buy. Apply securely and safely online today!
Monday, April 16, 2007
Bad Credit OK?
How Many Times Have You Heard That Before? Well, bad credit isn’t ok! You see the ads everywhere – mortgage companies, car dealers, furniture stores, etc. Below I will touch on the truth that exposes these ruthless and damaging marketing tactics that usually end up hurting you more than helping you.
The goal of these companies is to get as many people walking through their doors or submitting credit applications as possible, and that’s it. They are well aware of the fact that over 90% of these bad credit consumers will never get approved for a loan; it’s the 10% that they base their ad budget on. There has never been a loan given to a person with really bad credit--the banks, lenders, and creditors just don't allow it.
What makes matters worse is that if you had bad credit when you walked in the door, and they pulled your credit reports, your credit score will probably be lower when you walk out their door. Almost every inquiry on your credit report lowers your credit score, especially those within a small time frame.
The good news is there are a few things you can do to fight back. The first thing you can do is become proactive and request your own credit reports before you begin shopping for a car, house, or any major purchase you will be financing. When you request your own credit reports your credit score is never affected; no matter how many requests you make. I also recommend that you do not order your credit reports on the internet; when you order your credit reports online, there are identity/security questions that even experienced professionals like myself have a hard time answering. The best way to order your credit reports is by phone—it takes just minutes, it’s fully automated, and you don’t have to answer any security questions.
Send an email to freeguide@loansaverpro.com to request a FREE Insider’s Guide to Ordering Your Credit Reports to learn more about ordering your reports by phone.
Once you have your credit reports, the most important thing you can do is try to have some of your negative credit items removed. I am sure many of you might think that repairing your credit yourself is next to impossible, but it’s not. Even if your results are marginal and you have only half of your negative credit items removed you will definitely see your credit score go up.
As far as results are concerned, I have seen every type of negative credit removed--30-60-90 and 120 late payments, tax liens, collections, repos, etc. Credit repair does work, and I have seen the results change the lives of thousands of people. You owe it to yourself and your family to give it at least 60 days and see what happens.
If you want to learn more about ‘Do-It-Yourself’ credit repair, I recommend visiting http://www.loansaverpro.com/. The Loan Saver Team offers a credit repair system that is used by hundreds of Mortgage Professionals to secure better loan terms for their clients, and is guaranteed to work.
Author Todd Disraeli
The goal of these companies is to get as many people walking through their doors or submitting credit applications as possible, and that’s it. They are well aware of the fact that over 90% of these bad credit consumers will never get approved for a loan; it’s the 10% that they base their ad budget on. There has never been a loan given to a person with really bad credit--the banks, lenders, and creditors just don't allow it.
What makes matters worse is that if you had bad credit when you walked in the door, and they pulled your credit reports, your credit score will probably be lower when you walk out their door. Almost every inquiry on your credit report lowers your credit score, especially those within a small time frame.
The good news is there are a few things you can do to fight back. The first thing you can do is become proactive and request your own credit reports before you begin shopping for a car, house, or any major purchase you will be financing. When you request your own credit reports your credit score is never affected; no matter how many requests you make. I also recommend that you do not order your credit reports on the internet; when you order your credit reports online, there are identity/security questions that even experienced professionals like myself have a hard time answering. The best way to order your credit reports is by phone—it takes just minutes, it’s fully automated, and you don’t have to answer any security questions.
Send an email to freeguide@loansaverpro.com to request a FREE Insider’s Guide to Ordering Your Credit Reports to learn more about ordering your reports by phone.
Once you have your credit reports, the most important thing you can do is try to have some of your negative credit items removed. I am sure many of you might think that repairing your credit yourself is next to impossible, but it’s not. Even if your results are marginal and you have only half of your negative credit items removed you will definitely see your credit score go up.
As far as results are concerned, I have seen every type of negative credit removed--30-60-90 and 120 late payments, tax liens, collections, repos, etc. Credit repair does work, and I have seen the results change the lives of thousands of people. You owe it to yourself and your family to give it at least 60 days and see what happens.
If you want to learn more about ‘Do-It-Yourself’ credit repair, I recommend visiting http://www.loansaverpro.com/. The Loan Saver Team offers a credit repair system that is used by hundreds of Mortgage Professionals to secure better loan terms for their clients, and is guaranteed to work.
Author Todd Disraeli
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