Watch Out for These Credit Score Scams
Shortly after signing up to get my free credit score at one of the popular websites that offers the service, I received an email alerting me that my score had recently changed and that I should log into the site provided to check on it. Since I had … Read more on U.S. News & World Report (blog)
'Invisible' Credit? (Read This Now!)
The influence of your credit rating on the availability or price of financing for a car or home can be drastic: For a $ 100,000, 30-year mortgage, a buyer with a FICO score of 760 will pay almost $ 70,000 less in interest compared with a buyer with a … Read more on New York Times (blog)
If a credit card debt relief business informs you that you are able to remove your unprotected credit card debt whilst not impinging on your credit they’re being unethical and most probably not worth doing business with. The fact is that once you eliminate your unsecured credit card debt by means of a debt settlement it will negatively impact your credit scores rating but not nearly as bad as personal bankruptcy. Consumers however can have a major impact on exactly how far your credit rating is going to be decreased. If your abide by the guidelines in this article then it’s feasible to remove up to 70% of the unsecured debt whilst having it only minimally affect your credit.
Once you hire a debt settlement business, chances are that you will not have sufficient cash to pay a settlement in one lump sum. For those that can’t afford to pay upfront for the credit card debt settlement, they can pay into an escrow account until it’s saved up enough of the balance to satisfy the negotiation amount. During the time that you are having to pay into this escrow account, your debt collectors will still expect you to pay the monthly payment. Most debt negotiation businesses will tell you to simply ignore your payments. This nonetheless will trigger your credit worthiness to fall lower consequently if you are able to afford to pay the minimum monthly payment it would be advisable to do so.
After you’ve built up enough of the balance in your escrow account with the debt organization your settlement is going to be payed off and your account is going to be closed. Make certain that your debt relief organization gives you an affidavit clarifying that your balance has been satisfied though a debt settlement procedure. Should you not do this you’re running the risk that your collector will pass the rest of the balance off to an additional collection agency. Most credit card debt settlement organizations do this automatically nevertheless it’s critical to make sure that they do this or you could truly be out of luck.
Should you need to get rid of debt and hire a credit card debt settlement organization for credit card debt discussions on your behalf then I have an important piece of guidance. Do not go directly to a particular credit card debt settlement business but instead first go to a debt relief network that’s affiliated with a number of authentic credit card debt businesses. In order to become within the debt relief network, the credit card debt settlement businesses should prove a track record of effectively negotiating and eradicating consumer debt. They should also pass an ethical standards test. Going with a debt relief network will make sure that the credit card debt organization you’re provided with is really an authentic and revered organization. This is the most helpful way in finding the best credit card debt businesses and raising your chances of eliminating your debt.
To locate a genuine debt settlement organization by means of a free debt relief network have a look at the following link
A lot of credit score myths about fico score ratings get spread around and some of them are just outdated information. Sometimes even lenders can give you the wrong advice and it can get confusing. But the bottom line is bad information can cost you money no matter who you get it from.
Fico score ratings are used for most mortgage lending, which means, you need to know what will hurt or help your credit score points. To make it clear, here are some of the most common credit score myths.
* Checking your credit report will hurt your credit score
Checking your own credit report and credit score counts as a soft inquiry and does not go against your score. However, if anyone else like a lender or credit card company is checking your credit report, this is considered a hard inquiry and will generally knock off about 5 credit score points.
The credit score rating system treats multiple inquiries in a 14-day period as just one inquiry. The system ignores all inquiries made within 30 days prior to the day the credit score is computed. So if you want to minimize the damage from credit inquiries, shop for a loan in that short period of time.
* Closing old accounts will improve your credit report score
Sometimes even lenders will tell you to close your old and inactive accounts as a way for improving your credit report score. In most cases, closing old accounts will actually have the opposite effect with the current credit score rating system.
Canceling old credit accounts can actually lower your credit score because it makes your credit history appear shorter. If you want to reduce your levels of available credit, it’s better to reduce or close new accounts instead. Applying for new credit is more likely to lower your score.
* You need to check more than just FICO score rating
If you ever hear this from anyone, consider it a red flag. All of the three major credit reporting bureaus offer FICO credit score ratings using the formula developed by Fair, Isaac. Even though each one gives the scores a different name you only need a fico score rating from the three major credit reporting bureaus.
At Equifax, the FICO score rating is called the Beacon credit score. At TransUnion, it’s called Empirica. At Experian, it’s known as the Experian/Fair, Isaac Risk Model.
The reason each of the three major credit reporting bureaus will have three different scores is because they don’t all share the same data. So when checking your credit report, just make sure it comes from the three major credit reporting bureaus: Experian, Trans Union and Equifax.
Examine your credit reports from all three major credit reporting bureaus before you apply for a big loan like a mortgage. Fix any errors in all three reports before you shop for a loan because it takes time to correct your credit report.
* Credit counseling will hurt your score
The current FICO credit score rating system ignores any reference to credit counseling that may be in your file. The researchers at Fair, Isaac, the company that created the FICO credit scoring rating system, found that people getting credit counseling didn’t default on their debts any more often than anyone else.
However, any late payments you’ve had with creditors will hurt your credit score. Credit counseling can hurt your ability to get a loan because you probably have had trouble paying creditors.
Some lenders will back away if you are in credit counseling. Others may see it differently, but usually will charge you higher interest rates than if you had perfect credit.
The best way to improve your credit report score is paying your bills on time and paying down credit card debt. Check your credit report regularly for any errors and make sure you don’t fall for these common credit score myths.
topcreditcardprocessors.com, the independent authority on credit card processors, has named BankCard USA the best Merchant Services agency for June 2014. Each month, the independent research team at topcreditcardprocessors.com evaluates thousands of agencies to establish which agencies produce the most impressive solutions. The ratings are updated on a monthly basis to account for the latest developments within the payment processing industry.
These firms are put to the test through an in-depth evaluation process to identify which firms to showcase in the rankings. While there are thousands of Merchant Services firms, the rankings are comprised of the absolute best the credit card processing industry has to offer. The independent research team investigates the competing firms across five areas of evaluation in order to identify their overall level of competency in areas including reliability, competitive rates, customer support, variance, and efficiency.
The rankings are reviewed each month based on the assumption that the credit card processing industry changes over time. Agencies are evaluated based on the latest trends and developments most important to buyers. Often times the research team at topcreditcardprocessors.com spends time discussing with clients of competing agencies for a more thorough look.
BankCard USA has been researched as a part of the thorough investigation and has earned their position as the top Merchant Services firm. Through strong customer references and high scores in each of the five areas of evaluation, BankCard USA has passed each phase of the investigation process. Those searching for a stable firm to assist them should consider BankCard USA.
About BankCard USA
topcreditcardprocessors.com is an online purveyor of independent reviews and ratings. The recommendations of the best payment processing agencies are released monthly to assist businesses in connecting with Merchant Services agencies which feature a history of effective solutions. Thousands of payment processing agencies are put to the test while only the absolute best agencies are showcased in the recommendations.
Blue Home Loans Inc. is a California mortgage company that has been helping borrowers to find the best possible home loans for many years. With their expertise in mortgage refinance the team at Blue Home Loans, headed by the father and son duo Robert and Brandon Blue, has saved homeowners hundreds of thousands of dollars over the course of their loans. Now, with their recently updated loan refinance services, and their new resources, some of which are not yet available with other lenders, the company can better help those who wish to take advantage of today’s low mortgage interest rates or who wish to refinance to better loan terms.
The Blue Home Loans website now states: “A home refinance loan can not only improve your current rate and terms, but can give you a chance to change the type of loan you are in, increasing your loan payoff time. Refinancing your home loan enables you to replace your existing home loan with a new home loan with better terms while giving you the opportunity to get cash back from the equity you have built in your home. Using the equity in your home is a powerful tool that can help you improve your overall financial well being and pay off high interest loans, debts, and credit cards.”
“Lower your rate
Decrease payoff time
Get cash out
Pay off credit cards
The experts at Blue Home Loans are always happy to walk potential borrowers through the process of a refinance and help them to find the best possible refinance terms and rates before they decide to go through with their decision, but in addition to this guidance, the website also provides many very useful resources that can help them in their decision making process and while they are going through the actual process. Some of the new free tools which are provided by Blue Home Loans include a number of home refinance calculators; guides that cover the basics of closing costs, credit reports, and home appraisal; and a live quote feature that can show homeowners what type of rate is available at the moment.
These resources, along with the guidance of an expert loan officer from Blue Home Loans can help homeowners to make the best decisions regarding their home refinance and save the most amount of money possible. A recent Blue Home Loans review from a client who completed a refinance with the company says, “I contacted Brandon Blue through the internet. I read all his fabulous reviews and he lives up to every single one of them! He is efficient, friendly and knowledgeable and, as I told Brandon, the process to refinance was a breeze. I would absolutely recommend Brandon again and again. You will feel confident in him and his staff’s capable hands!”
Blue Home Loans can help California borrowers who are looking for the best rates, lenders and loan programs to find exactly what they need so that they can take advantage of today’s lowest mortgage rates and save thousands of dollars on their loans. As the Blue Home Loans website says, “We make finding a loan simple because we have virtually every loan program available, regardless of the type of mortgage you are looking for. Whether you are dealing with bad credit, foreclosure, bankruptcy, or low credit scores, we can help you. It only takes us five minutes to find the right program that fits your needs.”
For more information on how Blue Home Loans can help California home loan borrowers get approved for their home purchase loan or refinance quickly, please visit BlueHomeLoans.com or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.
California Bureau of Real Estate — BRE #01938557 NMLS #1162386
LoanLove.com is a borrower guidance site which is focused on assisting borrowers discover house financing which they can love. With initially class info, useful resources plus connections to top rate industry experts, the url has swiftly become a reliable destination for present information plus expert loan guidance. A lately introduced post from Loan Love continues to supply borrowers with all they should discover the number one loan situation for their scenarios by chatting regarding the average mortgage rates today plus assisting borrowers know the factors which influence how much they pays with regards to mortgage interest.
This hot post from Loan Love titled, “Average Home Loan Rates For Hopeful Families inside 2014” explains which those that are hoping to settle their families into a brand-new house this year have possibly been monitoring mortgage interest rates because they function towards getting their finances inside purchase before applying for a mortgage. Loan Love states which because borrowers do this, they could keep in your mind which there are a quantity of factors which can affect the rate which they will anticipate to receive for their fresh mortgage, a few of that the borrower might have the energy to influence plus a few of that borrowers can merely have to deal with because they move forward their unique house buy.
The Loan Love post claims, “Mortgage interest rates could fluctuate daily, depending about domestic plus global financial factors. The LoanLove site offers we with all the present rates, plus latest historical rates, thus to monitor styles. It’s important to keep in your mind, though, which even the many experienced forecaster cannot state with 100 % precision what interest rates usually do this year. In truth, various specialists expected rates might start a slow yet steady climb up at a sturdy pace than the slight increases watched therefore far.”
As the post mentions, a high down payment can cause a reduced mortgage rate, that might greatly protect the borrower funds over the course of their loan. Loan Love claims, “If you are severe regarding house ownership, we have possibly been placing revenue apart or you’ve newly come into a sum cash to place down towards a hot house. Additionally to what you’ve saved, nevertheless, consider whether a parent or additional close relative can lead. You could furthermore like to look into the potential of taking out a loan against the 401K or pension program to grow the down payment we have accessible for the house buy. This way has become more plus more prevalent because zero down payment mortgages became some plus far between. If you do go the path of the 401K, there are many blessings. Your credit score is not affected plus we pay interest found on the loan to oneself. Additionally, the loan is not considered a element of the debt.”
Loan Love further explains a person’s credit score also offers a excellent impact about what mortgage rates are accessible for them. It says, “To recognize how a score will impact a loan, consider which the variations inside monthly repayments for somebody with all the highest potential credit score versus somebody with all the lowest acceptable score is almost $ 300. Now take which $ 300 monthly over a 30-year mortgage and you may discover that it adds as much as a difference of over $ 100,000.”
The article ends by offering an illustration of how all these factors pull together to determine what mortgage rates a loan borrower could anticipate plus claims, inside summary, “There are a amount of factors which usually determine how positive of a rate of interest you can obtain about a mortgage. While you can not control the criteria which a lender may consider, learning the different contributing factors will result in the loan procedure less of the secret.”
For more info about this topic, click here to read the full post about LoanLove.com.
The trend of businesses adopting repeated revenue surged inside 2013, with brands ranging from Adobe plus Amazon to Target plus Toyota utilizing unique billing plus pricing models to develop sales plus deepen customer loyalty. This surge usually continue this year because more businesses follow repeated revenue models due to their flexibility plus efficiency for buyers. Today, repeated revenue expert Aria Systems issued a projection found on the industries poised for further interruption through repeated revenue inside 2014 plus beyond.
“Businesses big plus little, over numerous fields, are adopting the flexibility of repeated revenue,” mentioned Tom Dibble, president plus CEO, Aria Systems. “Its not a novelty anymore; its the new method to do company.”
“From purchasing make from localized farmers to leasing products plus vehicles, the method you connect with goods plus services is changed by unique pricing plus billing models,” added Dibble. “This can present limitless marketplace chances for those companies, big plus tiny, over almost each industry. Innovations inside repeated revenue administration are generating this potential for companies plus paving the method for continued interruption over all marketplace fields.”
According to Incyte Group, almost half (47%) of U.S. companies have adopted or are weighing adoption of repeated revenue models. This may force modern innovations which may include:
Food manufacturers bypassing grocery shops to market straight to customers about a subscription basis, a model pioneered by AmazonFresh plus Goodeggs.com. With the fast-growing enthusiasm for locally-grown farm goods because element of the “locavore” movement, several growers in 100 miles of their clients might follow repeated revenue to pay for the expense of delivery for fresh, natural foods straight to hungry customers. And search for the arrival of new services for the “sofa potato” sports fans, including food plus drink deliveries, about a subscription basis throughout baseball plus sports seasons.
From appliances to at-home thermostats to vehicles, plus anything else connecting to the Internet, anticipate to find customers paying because they choose those services plus products because the “Internet of Things”
Automakers are expected to adhere to the lead of Toyota Europe inside providing subscriptions for qualities like GPS plus “infotainment,” or the streaming of preselected programming plus playlists. Other automobile machines are close to adopting subscription services to pay for the expense of providing detailed information on internal auto operations to new auto customers.
More states after the lead of the North Carolina State Lottery plus 12 additional states inside launching a subscription service for the sale of lottery tickets.
More commercial airlines after the lead of United Airlines, that today charges $ 349 yearly for an Economy Plus Subscription program, entitling customers to free checked luggage plus membership at United Club facilities at airline terminals, and alternative benefits.
Pharmaceutical businesses marketing allergy medications straight to customers about a monthly basis, with all the dosage amount differing by season or severity of signs.
The cloud usually assume an a lot more pivotal character inside the region of repeated revenue because fresh service brokers emerge to aid businesses monetize services ranging from providing films to music to getting credit scores.
These brokers plus different companies can result stress to standardize a dizzying range of pricing techniques (451 Group estimates which about Amazon Services alone there are 5,000 different cost points for a internet machine with running system) plus SLA plus use variations. The happen? The cloud as well as the IaaS (Infrastructure because a Service) choice can become more accessible plus a lot more strategic.
Dibble noted which forward-thinking companies which are utilizing repeated revenue models over the previous 12 months included these significant innovators because World Wrestling Entertainment (WWE), Issuu plus StitchFix.
Indeed, he mentioned among the largest “takedowns” thus far this year came whenever WWE announced it was providing a $ 10 monthly subscription for watching its live occasions about mobile equipment.
“Recurring revenue administration opens the door to innovation like not before for firms to expand plus compete,” added Dibble. “The changes which repeated revenue brings might impact a lasting, substantial impact found on the means company is performed and just how the lives are lived effectively into 2014 plus beyond.”
Recurring revenue companies want administration solutions which will handle what exactly is necessary to help long-term, continuous customer relationships. This e-paper covers the particular components which are required to effectively manage customer experiences, that is important for development plus profitability.
CreditCardChaser.com, a leading authority on credit cards, announced the best no annual fee credit cards of 2014 today. For consumers who do not want to pay to carry a credit card each year, these cards have no annual fees. In addition, many of these cards offer introductory promotions, rewards programs, and other great features.
CreditCardChaser experts looked at fees, introductory offers, cash back and loyalty programs, customer reviews, and expert opinions to create their ranking of the best no annual fee credit cards. According to their findings, here are the best no annual fee credit cards of 2014: Discover it.
Along with no annual fees, the Discover it card does not have overlimit fees, foreign transaction fees, and late fees on the first late payment. There is 0% intro APR on purchases and balance transfers for 14 months, and they have a generous cash back program. They offer 5% cash back on up to $ 1500 in rotating categories (currently movie and restaurant purchases) and 1% cash back on all other purchases. If that isnt enough, they also have a $ 0 Fraud Liability Guarantee to ensure that cardholders are safe from identity theft. Plus, Discover it offers a free FICO score on cardholders monthly statements. Discover its lack of fees and excellent cash back program make it Credit Card Chasers top choice for best no annual fee credit cards.
Blue Sky from American Express
Another great no annual fee credit card is Blue Sky from American Express. This card offers 0% intro APR on purchases and balance transfers for 15 months, and it has flexible bill payments. In addition, Blue Sky from American Express gives unlimited move options. Card members earn 1 point for every dollar they spend on eligible purchases, and there is even a welcome bonus of 7500 points if you use your card to make $ 1000 in purchases inside the first 3 months. Furthermore, every 7500 points that cardholders earn can be redeemed for a $ 100 statement assigned that can be used toward any airline ticket, hotel stay, car rental, or cruise. With Blue Sky from American Express travel rewards program and no annual fee, this card is a good option for consumers.
Blue Cash Everyday Card from American Express
The Blue Cash Everyday Card from American Express rounds off Credit Card Chasers list of best no annual fee credit cards. Like Blue Sky from American Express, this card offers 0% intro APR on purchases and balance transfers for 15 months. In addition, card members earn 3% cash back on up to $ 6000 in purchases at US supermarkets, 2% at US gas stations and select department stores, and 1% on other purchases. Cardholders even get a free Amazon prime membership for 1 year and 50 Reward Dollars after they make $ 1000 in purchases in the first 3 months. The Blue Cash Everyday Card from American Express is a great card for consumers who want no annual fees and cash back from groceries and gas.
These credit cards are the best no annual fee credit cards of 2014. For consumers looking for more information regarding credit cards, access Credit Card Chaser here: http://www.creditcardchaser.com/no-annual-fee-credit-cards/.
About Credit Card Chaser:
Credit Card Chaser is an authority credit card site that offers innovative comparison tools, reviews, calculators, and reports to help consumers find the best credit card for them.
Will debt consolidation help or hurt my credit? Effect on your imputing: Consolidating credit cards with high balances using an installment loan — a loan with fixed monthly payments — may actually benefit your credit rating, especially if you use the loan to pay off credit cards that are near their … Read more on MSN Money
How Accepting A Friend Request Could Alter Your Credit Score Consider your credit score, in particular, which is calculated based on antiquated and often inaccurate information. Most consumers in fact know very little about their credit score, how it's aggregated and what it really says about them. Worse … Read more on The Next Web
Measure to further Trenton candidates to submit assigned score to be squashed TRENTON — Councilwoman Phyllis Holly-Ward has a credit score of 800, but it did not impact her ability to sway the majority of her peered. A controversial resolution proposed by the councilwoman to encourage candidates for municipal office to file a … Read more on The Trentonian