Tags |
|
|
Links |
|
|
Answer Upon - An Intro To Credit Card Debt And Credit Repair - Chapter 1
Silly question right? Well maybe not if you consider that you won't be free from debt if you keep on paying just the minimum payment every month for a lot longer than you realize. Lets take a look at the averages and then you can see what a difference it could make to you and your debts.The average debt in the USA per family is $8,100, many have more than this but this is the figure we are going to work with. Now if you think that on the current balance you are being charged interest which is calculated daily (not monthly or yearly as they would like you to think) If you continued to pay the minimum monthly charge you would not be free from debt for 30 years!This is of course as long as you stop spending on the card straight away and don't add to the balance. Its a long time isn't it? So what can you do to make sure that you get free from debt in a sensible length of time rather than nearly half your life.If you have your own home you can get a Home Equity Loan that will help you reduce the interest payments and you can spread the repayment of that money over a longer period.
What are the basics of credit and credit repair?
First things first. Do you know what is on your credit report? In order to know what kind of credit you have, you will need to run your credit report. By Federal Law, the three credit reporting agencies:
Experian, Equifax, Transunion,
must provide you with one free
Does this sound like you?* You're spending way too much time trying to network online and are on networking overload.* You're trying to keep up with all the threads that relate to your business in all the social networking groups you've joined.* You're also monitoring all the discussion lists you're on looking for an opportunity to jump in and share your pearls of wisdom with the others on the list.* You're afraid to keep track of the hours you spend in online networking because whatever the number is, it's way too high.* You've just gotten an invitation to join yet another social networking group and while you're very flattered, you realize if you join one more group in an effort to network your way to a full client roster, you won't need any new clients because you'll be out of business* You're spending so much time trying to master online networking that you've totally neglected the face-to-face networking that has been working for millions of people for centuries. (Come on, how do you think people built their businesses before the Internet came
Credit. The one thing so many companies are willing to give out to the doe-eyed 18 year old highschool grad and so unwilling to give out to the individual who make a few mistakes later on down the road.
Credit has been around since the dawn of commerce. Although, when Caveman Ogg couldn't make his minimum monthly payment of 10 seashells for the 10lbs of Brontosaurus meat he got on loan, instead of taking him to court to obtain a judgment, the creditor simply sent 3 hairy, muscle-bound cave-debt collectors to the front of Ogg's cave with a big stick in hand and their eyes on his kneecaps.
Flash forward a few thousand years to debtors prisons where the unlucky few who couldn't pay their debts were sent to "think about things" for 30 or so years.
Good thing we live in 2007, right? Not if you ask one of the estimated 10 million people in America with credit card debt. On average (laws vary by state), a negative item remains on your credit report for up to 7 years. This directly lowers your FICO scores (the scores that almost all lenders use to calculate your credit risk), and as such, you will not be able to obtain a prime rate, low interest on a loan or even the house mortgage you were ever so hopeful on getting.
What are the basics of credit and credit repair?
First things first. Do you know what is on your credit report? In order to know what kind of credit you have, you will need to run your credit report. By Federal Law, the three credit reporting agencies:
Experian, Equifax, Transunion,
must provide you with one free
The short answer is maybe. The long answer is that the question might be better asked, “Is a 100% FLASH web site appropriate in business?.” The answer to this question, in my humble opinion is, absolutely not. In fact, we have had several clients come to us this year who have 100% Flash web sites that are going to completely remake their web sites because they simply do not work for them. They are having issues with search engines and with clients who can’t see their web sites.Of course, they do work in terms of visuals. If you visit a Flash web site you will see it. Just because a visitor can see the web site doesn’t automatically mean that the web site is working for your business.What is Flash? Flash is technology developed by Macromedia, a leader in web development tools. Flash movies are a compilation of many images, elements and text that is then compiled into a nice, tight little digital file that then gets put on the internet. Some designers build entire web sites using this technology. Graphic designers quite like the technology because it gi
Credit has been around since the dawn of commerce. Although, when Caveman Ogg couldn't make his minimum monthly payment of 10 seashells for the 10lbs of Brontosaurus meat he got on loan, instead of taking him to court to obtain a judgment, the creditor simply sent 3 hairy, muscle-bound cave-debt collectors to the front of Ogg's cave with a big stick in hand and their eyes on his kneecaps.
Flash forward a few thousand years to debtors prisons where the unlucky few who couldn't pay their debts were sent to "think about things" for 30 or so years.
Good thing we live in 2007, right? Not if you ask one of the estimated 10 million people in America with credit card debt. On average (laws vary by state), a negative item remains on your credit report for up to 7 years. This directly lowers your FICO scores (the scores that almost all lenders use to calculate your credit risk), and as such, you will not be able to obtain a prime rate, low interest on a loan or even the house mortgage you were ever so hopeful on getting.
What are the basics of credit and credit repair?
First things first. Do you know what is on your credit report? In order to know what kind of credit you have, you will need to run your credit report. By Federal Law, the three credit reporting agencies:
Experian, Equifax, Transunion,
must provide you with one free
Selling your items on Ebay is really very simple once you have mastered the technical aspect of posting your items and filling the orders. It's much harder to convert your Ebay sales efforts into a consistent, and viable business. Putting the technical aspects of selling on Ebay aside, there are a few key areas that every serious Ebay seller needs to master if they are going to consistently profit from this type of business venture.The first area you should be concerned about is customer service. This is an important aspect that many serious sellers seem to neglect. If you are serious and you want your Ebay business to succeed your going to need repeat buyers. If you really want to get a buyer's attention provide them with excellent customer service that goes above and beyond your competition. This means that you need to promptly answering emails, and when your shipping packages to your buyers keep them updated concerning the shipping of their items. When you receive a payment, send the customer a email acknowledging that you have received their payment. You should also send the customer an
Flash forward a few thousand years to debtors prisons where the unlucky few who couldn't pay their debts were sent to "think about things" for 30 or so years.
Good thing we live in 2007, right? Not if you ask one of the estimated 10 million people in America with credit card debt. On average (laws vary by state), a negative item remains on your credit report for up to 7 years. This directly lowers your FICO scores (the scores that almost all lenders use to calculate your credit risk), and as such, you will not be able to obtain a prime rate, low interest on a loan or even the house mortgage you were ever so hopeful on getting.
What are the basics of credit and credit repair?
First things first. Do you know what is on your credit report? In order to know what kind of credit you have, you will need to run your credit report. By Federal Law, the three credit reporting agencies:
Experian, Equifax, Transunion,
must provide you with one free
As of September first 2005, all Americans became able to request and obtain a free credit report from each credit bureau once each year. Checking your credit report regularly is vital to ensure accuracy and protect against possible identity theft. The sooner you check your credit report, the more time you will have to dispute inaccuracies and improve your credit information. This is important because the information contained in your credit report is used to determine your credit score which in turn is used by financial institutions to calculate the rates you will pay on loans, by insurance companies to figure the amount you will pay on your policies as well by employers to decide if you will make a good employee when applying for a job.A credit score is a three digit number based on information contained in your credit report as it compares to millions of other people. This system brings your entire credit history to account into one objective number. This number is more or less a statistical prediction of how likely you are to either default or pay your bills on time in the future. We al
What are the basics of credit and credit repair?
First things first. Do you know what is on your credit report? In order to know what kind of credit you have, you will need to run your credit report. By Federal Law, the three credit reporting agencies:
Experian, Equifax, Transunion,
must provide you with one free
Are illegal aliens really the only people who are willing to work at a car wash? Are car wash owners really forced to hire them just to stay in business? Or are the car wash owners really just exploiting the labor to the highest possible degree? If so, why? Are they just greedy in not wishing to pay benefits, have health insurance or pay over time?We know that Hispanic illegal aliens will not complain against OSHA violations, on the job minor injuries or minor violations from their employers. Isn’t that the real reason that most car wash owners cheat the system, lie about hiring illegal aliens and then use the rational that no one else wants the job?From experience in the car wash industry for over 24 years I can tell you that our company never hired illegal aliens or violated immigration laws in hiring. We never exploited our labor or cheated the system? Why is it that citizens now are looking the other way at their local car washes? Won’t you join me in turning in all the companies who are exploiting the needy and hiring illegal aliens and then failing to pay their way?Isn’t
What are the basics of credit and credit repair?
First things first. Do you know what is on your credit report? In order to know what kind of credit you have, you will need to run your credit report. By Federal Law, the three credit reporting agencies:
Experian, Equifax, Transunion,
must provide you with one free copy of your credit report per year. These free copies will allow you to see your current Fico Scores and credit reports. There are various websites out there that offer "free credit reports". I would advise going straight to the horses mouth (I would like to call it the other end of the horse, but this document might be read by minors under 18....). Myfico.com is where your FICO scores are calculated. There is no credit card required to get a copy of your free annual credit report.
So now you have gotten your free copies of your Fico Scores/Reports online, and printed them out and have them in hand. Look at your FICO score. If it is somewhere in the 600's, then congratulations !! Your FICO scores are on par with the average American. FICO scores range from the low 300's to the high 900's, with 600 being average. A 600 FICO score will not get you a prime rate or zero interest, but it won't stop you from applying for (and in most cases being approved for) credit.
In order to maintain your good credit or your current credit level rating, I suggest the following:
* Pay your credit card bills on time every month.
* If possible, keep your oldest accounts open. The credit card companies like to see old accounts with age. It shows that you are reliable over a long period of time.
* Resolve disputed credit issues quickly, and follow up to make sure that they are taken care of the first
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.hubyou.info/article/99820/hubyou-An-Intro-To-Credit-Card-Debt-And-Credit-Repair--Chapter-1.html">An Intro To Credit Card Debt And Credit Repair - Chapter 1</a>
BB link (for phorums):
[url=http://www.hubyou.info/article/99820/hubyou-An-Intro-To-Credit-Card-Debt-And-Credit-Repair--Chapter-1.html]An Intro To Credit Card Debt And Credit Repair - Chapter 1[/url]
Related Articles:
Executive Recruiters-Love 'em or Leave 'em?
How To Write A Riveting Sales Letter That Closes Sales
Profitable Ezine Publishing - 7 Ways to Create More Money in Ezine Publishing
Bookmark it:
|