Archive for December 31, 2011

Can I raise my credit score by paying off my mortgage?

Can I raise my credit score by paying off my mortgage?
News from Concord Monitor:

Dear Debt Adviser: My credit score is 600. I plan to pay off my home completely. This will eliminate a major debt. How much will this improve my credit score?

Dear Patricia: How did you end up with a credit score of 600? Was it because you paid your mortgage late? My guess is no. So if you eliminate your mortgage, that still leaves the reason for the terrible score. That is where you need to focus your efforts if you want to improve matters.

Even if the cause of your low credit score is because of past credit problems with your mortgage, paying off the loan will not dramatically improve your score. However, if the mortgage loan is a positive item – meaning you have never had any late payments and always paid as agreed – then paying it off may give your credit score a little boost. And the paid-off mortgage loan will remain on your credit reports for 20 years, which will be a positive for your credit score moving forward.

In order to improve your credit s…………… continues on Concord Monitor

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How to Improve Your Credit Score in 2012

How to Improve Your Credit Score in 2012
News from Yahoo Finance:

Credit scores might be widely feared for how they can derail a loan application (or even a job application), but for such a powerful number, they are widely misunderstood. Many people falsely believe that they have only one credit score, or that they share a credit score with their spouse, for example.

In the latest edition of her book, Your Credit Score, money guru Liz Weston aims to debunk those myths and explain how to clean up credit reports while raising scores. U.S. News spoke with Weston about what’s changed in the world of credit, and what consumers need to know. Excerpts:

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Start here to improve finances in 2012
News from Bradenton Herald:

NEW YORK — Every January, it’s the same drill. This is the year you will cut your debt, save money and spend more wisely.

And you, like millions of others, will fail again for no good reason.

Want to break the cycle of broken New Year’s resolutions? The professionals say you’ve got to get automated, get educated and get over the fear of making changes.

But first things first.

Get rid of those hazy promises to yourself about your fiscal behavior. Sit down and make a list about exactly what you want to achieve, advises Scott Halliwell, a USAA financial planner. Designate actionable items for each month, starting in January with getting your budget and savings plan on track.

There’s a difference, for example, between “I want to increase my savings,” and “I want to have $ 1,000 more in the bank by April 1.”

How do you get from here to there? Here’s how you start:

n Automate a…………… continues on Bradenton Herald

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How to Improve Your Credit Score in 2012

How to Improve Your Credit Score in 2012
News from US News and World Report:

Credit scores might be widely feared for how they can derail a loan application (or even a job application), but for such a powerful number, they are widely misunderstood. Many people falsely believe that they have only one credit score, or that they share a credit score with their spouse, for example.

In the latest edition of her book, Your Credit Score, money guru Liz Weston aims to debunk those myths and explain how to clean up credit reports while raising scores. U.S. News spoke with Weston about what’s changed in the world of credit, and what consumers need to know. Excerpts:

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5 Ways to Damage Your Credit Score
News from All Business:

How to improve your credit score. It’s a topic discussed endlessly in the small business world. And for good reason: No one really knows the answer. Actually, that’s not true. Lenders know, but they’re not telling.

So let’s look at the other side of the coin: how to damage your credit score. Avoid these mistakes and you can be sure your score will benefit. We’ll avoid the obvious advice — don’t declare bankruptcy, don’t ignore a credit card payment for more than six months — because it’s, well, obvious.

Here are five less evident ways you can shoot a hole in your credit report. A lot of them you know already. But you may not know how harmful they can be:

  1. Mismanage your credit card balance. It’s never a good idea to exceed the limit on your credit card, but sometimes it can be hard to avoid, even if you diligently monitor your balance. If you’re hovering…………… continues on All Business

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improveyourscore.org Who Else Wants to Know How I Raised My Credit Score Over 200 Points by Downloading Credit Repair Magic?
Video Rating: 4 / 5

Myths Debunked for Credit Repair in 2012

Myths Debunked for Credit Repair in 2012
News from msnbc.com:

If you’re looking to repair your credit in the New Year, make sure your game plan does not include any of the following false assumptions. “Though there is no better time than now to improve your credit report,” says CreditInfoCenter.com’s Meredith Simonds, “if you’re not careful, you could do your

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Fix the inequities of the homestead property tax credit
News from Baltimore Sun:

As a lifelong resident of Baltimore City, I purchased a shell in Upper Fells Point in 1985 for $ 12,000 and borrowed $ 40,000 to restore it. I am a union bricklayer, so I also contributed hundreds of hours of uncompensated labor toward the restoration of my home.

In the mid 1980s, Upper Fells Point was a distressed neighborhood; so few people of means lived there that hardly anyone had a car and I could park next to my house at any time of the day or night. In 1987, after I moved in with my sister, I used to joke about having a $ 100,000 house in a $ 40,000 neighborhood.

At the time, I had no problems paying the property tax on my home. In 1997, after a year of harassing me to buy his house so he could move to Florida to be near his children, my elderly…………… continues on Baltimore Sun

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Saving on auto repairs

Saving on auto repairs
News from Abc Local Web:

If you’re not sure whether you’re getting a good value when you take your car in for repairs, you’re not alone.

Robert Krughoff of the Delaware Valley Consumers’ Checkbook says, “People are concerned about not getting a fair deal at an auto repair shop and there’s good reason for that.”

The non-profit Consumer Checkbook had 30-thousand customers rate 451 local auto repair shops. They looked at issues including price, how quickly and how well repairs were performed.

They also used under-cover shoppers, who had the same repairs done at different shops. They found some big price differences.

“For instance, for replacing the brake pads and the rotors, on a 1995 Chevy Malibu,” Krughof says, “Checkbook found prices ranging from $ 270 up to $ 615. So a pretty dramatic difference in price and that’s not at all unusua…………… continues on Abc Local Web

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Credit Card Balance Transfers Can Save You Money

Credit Card Balance Transfers Can Save You Money
News from digtriad.com:

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Free Credit Repair Software and Free Credit Repair Guide

www.CreditBlossom.com is so happy to announce that our software has been upgraded! You now have access to free credit repair software and a free credit repair guide through our web site. We are certain that what we are providing to you is what you need to finally accomplish your goal of self credit repair. Our software takes the headache and confusion out of writing your credit dispute letters. Our guide and video training walks you through the process and give you the best credit repair help possible!
Video Rating: 3 / 5

Credit Repair and Mortgages

Credit Repair and Mortgages
News from Examiner:

Credit repair and a home loan

For the things that matter credit matters. This couldn’t be more true when talking about obtaining, maintaining or refinancing a home loan or mortgage. Did you know that the whole basis of a credit score is for lenders to determine to chance of you going 90 days late on a loan? A single late payment on your home loan can drop your credit scores up to 100 points! In this article I am going to talk about credit repair in regards to getting, maintaining or refinancing a mortgag…………… continues on Examiner

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8 legitimate ways to improve your credit score now

8 legitimate ways to improve your credit score now
News from CreditCards.com:

Building a good credit score is a lot like building a good reputation: It takes years of work and consistency. “It’s a tortoise and a hare kind of game,” acknowledges Craig Watts, spokesman for Fair Isaac Corp., which invented and popularized credit scores. “You score inches up at a tortoise’s speed, and it drops at a hare’s speed if you stumble.”

That’s disheartening news if you have a bad credit score — but that doesn’t mean you’re out of options. While it’s true that the best way to ratchet up your credit score is to pay off your bills and loans on time each month for years, there are a several ways you can nudge up your score, starting today.

1. Piggyback. If someone with high credit score (usually a family member) is willing to add you as an authorized user to one of their credit cards, you’ll start reaping the benefits of their strong history. “Fair Isaac is fine with the piggyb…………… continues on CreditCards.com

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Anatomy Of A Credit Score
News from YAHOO!:

You probably know that your credit score helps determine whether you get approved for a loan or credit cards, and at what rates you qualify. The better your credit score, the better your chances of getting credit with favorable terms.

But the elements that factor into your score may seem a bit fuzzy. Credit scores are based on the information in your credit reports, which are maintained by three major U.S. credit reporting bureaus–Experian, Equifax, and TransUnion.

Credit Score Calculation: What Information Is Used?

Here’s a breakdown of a FICO score, the most commonly used credit score today, and ballpark per…………… continues on YAHOO!

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CreditRepairCompanies.com’ Launches Directory for People Who Need Help Improving Their Credit Score

CreditRepairCompanies.com’ Launches Directory for People Who Need Help Improving Their Credit Score
News from Emailwire:

(EMAILWIRE.COM, December 14, 2011 )
Tempe, AZ — In a study conducted by the Public Interest Research Group, over 70 percent of credit files have some type of error. The survey found that 29% of the credit reports contained “serious errors that could clearly result in the denial of credit or other benefits.” For consumers wishing to borrow money for a new home, car or other big purchase, these inaccuracies can be extremely problematic and cause them to be denied the loan they need and deserve.

There is general con…………… continues on Emailwire

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Unique Video Series Lightens Up Credit Repair Process
News from Market Wire:

SOURCE: CreditInfoCenter.com

PHOENIX, AZ–(Marketwire – Dec 20, 2011) – If you take your credit seriously, repairing a poor score is a priority. Yet, the overwhelming nature of it can be intimidating. That’s why CreditInfoCenter.com’s 12-part video series is a breath of fresh air.

“In ‘The ABC’s of Credit’, you’ll find answers to everything you’ve ever wanted to know about credit but were too afraid to ask!” say…………… continues on Market Wire

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Credit Repair Forum Answers Tough Questions Fast

Credit Repair Forum Answers Tough Questions Fast
News from msnbc.com:

If you have done much research on credit repair, you know the information online is pretty extensive. Unfortunately, it’s important to have a healthy skepticism about most of it. While many people mean well in advice shared on credit repair websites, blogs and forums, there is a great deal of misinformation out there. And if you’re not careful, you could make a move that not only prolongs the credit repair process, but actually serves to make your credit worse.

For those tough questions you need answered in a timely manner, the

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Personal Loans For Bad Credit Top Offers Updated For 2012
News from YAHOO!:

Recommended personal loans offering borrowers hassle free money borrowing opportunities, updated for 2012, by leading online comparison site ReallyBadCreditOffers.com. New offers featuring easy qualification standards and fast money funding for borrowers have been revealed for the beginning of 2012.

Fort Lauderdale, FL (PRWEB) December 23, 2011

The leading bad credit loans and services site ReallyBadCreditOffers.com has updated the recommended personal loan offers entering into 2012. The site provides visitors an easy location to compare recommended lenders for peopl…………… continues on YAHOO!

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