Good Credit Report Improvementt in a Systamatic Way

Your credit score and how is your credit report is very important to get the loans and financial credit deals at lowest possible interest rate .You gave found a house with all amenities with in your budget and it is near to your office and your son's school.The price is good and you will generally approach a bank or lender for the extra money that you need in the form of a loan.There the credit history and score comes into picture and they will actually decide weather you are going to get the loan or not.If they are positive and good bankers will be looking forward to give you the loans at lowest interest rate.

If your credit score is low you will be offered a loan only with a higher interest rate and you need to pay more per month for the same amount.That is why to get good deals keeping a good report and score with fico is very important and you shall start taking care about it as early as possible.It is important not only in the case of buying a house and it is also important for every financial deal that you are going to make and looking for money help in the form of loans.Credit history is going to make more your mortgage,car,education loan is more or less costly.



When you need to buy a big asset you may need money so that you can pay less down payment and get the deal from banks.This will help you to buy your needs with out spending all the money.Credit cards offer you free money for a month with out paying interest extra.This one month grace period will help you to buy what ever you need and pay it back with in the month of the billing date.Hopefully you can get money at the end of month like salary,interest or rent and the due with credit card.

As you know many of us are having a lot of debt's in the form of credit cards.A regular American is having commitment for 100K dollars and that is other than mortgage. Most of the people are conscious about their commitment and they used to pay back on time and get back new offers.It is like a cycle more you use the credit more the merchant offer for you and viceversa.Companies and stores started offering different cards for their own business.

Car companies started taking this advantage and give loans with very small down payments.This makes the four wheelers effort able to every one and transportation turned personal.Tourism industry and week ends turned more bright.

As markets are open for credit the consumer shall be careful before taking credit,buying a car and choosing a sweet home.We shall check weather we are able to effort them or not and how you are going to get the money to repay are the important questions to be asked before committing for a debt.

The credit that we have taken shall give us not only comfort but also peace of mind.So mind about effort ability that is it our cup of tea or not. This entire process shall increase our credit score and give better credit report for better deals in the future.

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Good Credit Report Creation in a Systamatic Way

Having a good credit report makes us happy and to have it we shall work,spend and repay the debits in a systematic way.You shall know and learn how to develop and maintain good credit report and credit score.

To improve credit with your credit cards pay the consecutive three months payments regularly with out using the money above the credit limit.Then ask for the raise of the limit by calling their executive office.

You are looking for a loan and the creditor rejecting it because of the negatives in the report.Then you can attach a statement of explanation saying that you are having some problem like health or loss of job and unable to pay the bills on time other wise every thing is fine.This can be attached with your loan application and your creditor will consider this while going through the process.

Have small number of credit cards like two or three.Close all the other accounts and do not leave them in active. Seeing a big list of cards in your name make the creditors nervous and they doubt about your money management.

We shall use new or old cards only as a convenience not as a extension of spending capability.You shall see that you are paying all the balances at the end of the month in a responsible way .This improves your credit ratings. Use the card only when you are able to pay it in time.


The companies offer thirty day grace period in general and this is the gift time you got to adjust your money.Use that wisely.Beware the fact that this grace period is valid only when you don't have over due and previous balance.If you are having the old balance to pay you have to pay interest for both old and new money and you are not entitled to use the grace period.That is why try to settele the bill every month and ask for EMI possibility to pay the old balances.

Having more number of cards reduce your chance of getting a new credit offer and don't take the new cards just because of initial offers.Choose the company who gives a discount like one present on billing,mileage points to en cash upon buying. Don't prefer cash advances as the interest amount is going to very large with and it also comes with transaction fee.

Track all cards with numbers,balance due to pay,customer care numbers etc so that you can call and solve the problems.To solve money problems paying a big check to a lender may help.That lender may be willing to give back you the credit by getting the confidence on you.

Accept the loans with higher interest rate and try paying it back to improve the credit report.Yes your bad report has that cost to pay and there is no option.

You can use a cosigner to get the loan approval as the lenders has some one else taking the responsibility,he won't be having any problem in giving new offer.



If you own a home you can try home equity loan and get a good amount of cash and with that investment you can pay back and clear the debits which in tern make your credit report better.


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Annual Credit Report an Absolutely Free Copy

Every Citizen has a right to get a annual credit report and that is absolutely free credit report copy for you.You can just request for it and you will be getting it.There are three credit reporting agencies in USA and they are Equifax,Experian and Transunion. All of this three together operate a web site which is centralized and through that you can request a free credit report once in a year and that is charge free. This is created as per the federal rules and the rights that an American consumer has had and is supported by the laws of FACTA i.e Fair and Accurate Credit Transaction Act.

As per the law every American consumer has the right to get a free credit report once in a year from each agency and and you can check the correctness of that report and ask and complain about the errors.

Annualcreditreport.com is the centralized web site that is in live by these three agencies.For the first time you have to register your name ,address with your personal details and social security number.Then you will further directed to individual agencies and further security questions are asked to conform your identity and you can safely give as they are secured sites.

You can ask for all three report once or at different times of the year and the second option is much better to know your financial behavior status at regular intervals of time.Like getting report once in every four months will help us to have continuous touch with the credit report.You need not give any of your credit card numbers for this purpose.This reports are given to protect the interests of consumers like your credit information is correct and there are no identity thefts of your personal information.


They have no problem if the data in the report is in accurate and you shall inform them in written with proper format for that kind of corrections.Be aware that the above highlighted web site is the only federal authorized one to issue credit reports and be careful about fake or identical and misspelled names who claim that they will give you free credit reports.

What does the credit report consists of ?

It is the white paper about your spending and commitments to the debit that you have.It will have your personal information like address and date of birth.It tells how you are paying the loans that you have taken and how many of your checks are bounced because of lack of money in the bank accounts.

Any creditor who want to issue a money favor to you like a loan or credit card access this report and know himself about your financial behavior.If you are good in repaying the debts that you have they will give a rating like excellent to you and every one is ready to give you what ever you have asked for.



Any way credit score is bit different from this.Basing on your credit report a three digit number is allotted to you and that is called as credit score.You can not get your score card free and you have to pay small amount for that.



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Credit Score and Identity Theft Recognition

Identity theft is a very serious issue and people may use your credit score reports for this purpose and you have to be very careful about this. They may use your date of birth,credit score and social security number to make purchases on your behalf and make you responsible for all that spending.

Thieves may use your personal information to open new accounts and use it for their sake.They can change the address for communication and so that you won't get any information about what is happening with your accounts.In the worst possible case they may even file a bankruptcy on your behalf and put you on the road.That is why we have to very careful about identity thefts.

You will be getting all these things into notice a bit lately and when a creditor called you and asked to pay back the sum that you have not shopped for,it shall be identified that some thing has gone wrong.




When you are giving personal information to any lender or agency ask them how they are going to protect it and what measures are taken for that purpose.Ask them weather there is a option of keeping this personal information private. Keep your purse who is having all this information with you and see that no outsiders are having access it at any time and at any place.

Reveal your social security number only it is absolutely necessary like opening a bank account,applying for a credit card or loan. Don't give your number unless it is absolutely necessary and don't keep that card in your purse.It is not daily needed identity to show to some one and get it out sparingly on demand.

ATM and Credit Card issues

You are not supposed to give your account numbers,ATM pins and net wise passwords.Keep that at most secret to get the protection form identity theft. Choose a strong password and use virtual key board of the screen rather than a regular key board which may have keyword loggers installed. Using a safe and protected computer to make bank transaction is also a important thing.No one ask your passwords either in bank or via mail and some one is trying for that they are cheating you and be cautious about that.Complain to the authority about that.

Now a days people are getting so many mails saying that you got a lot of money as a prize or banker what to share the money that is unclaimed.Don't believe in that no one will give you free money. They ask for your identity and social security numbers and start playing with them.Never believe in offers that come via mail and give your personal information.

Carry credit and debit cards that you use regularly and keep the remaining one's at home at a secure place.Close the bank accounts that you are not using.Break the credit cards who are expired and divide them into pieces such that numbers are not visible.

Never give your social security numbers via email as there is a chance of hacking and getting the information.Do not believe in some one asking you to update personal information via email as no one will do like that and there are more formal ways to update your information and en quire in the bank about this kind of requests.

Don't give your personal information to some one over the phone and ask them to send all the details in written.

Dispose your garbage carefully and see that it is not having any of your important information and bank account numbers.

Buy a fire proof body and keep all your valuable certificate in them and protect them from accidents.

Using a federal mail collection point to post and collect mails is a good idea as they can not be tampered easily there and there won't be any security issues.

Online and Email Scams

Beware of online scams.You will be getting mails saying that you one a huge lottery or indisposed cash is available in the account and you are chosen to share it.First they will ask for personal information and then ask for cash to process the things.They are big scams and ever expect some one will give you huge money free and it is a scam.Don't fall in that dirty hands.If your mail id is publicly available and i used to get at least two of this kind of mails per day.Ignore them and put them under spam.Have a protection software like internet security suite and update it regularly to protect your computer from thefts.Use different passwords for different accounts and you shall not use your birth date or social security number as a password.Be careful about choosing password and keep it in such a way that it can not be guessed by some one.

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Credit Score Impact of Marrigae and Debt

Marriage and credit score has a good relation and you will be in spending spree during and after marriage.This is going to effect your credit score and credit report and you shall take care of this aspect of marriage.

Change of name after marriage is a important issue and you have the problem loosing all your credit history with your old name.Take care that you have informed the change of name with your agencies.You have a right to have your both names and reports.

To keep good credit report and credit score both the couple shall plan carefully about spending and paying them back.Budget your income and forecast it for the future.Spend as per that and doing it more than your ability will cost your financial peace of mind.



If joint accounts are opened during the marriage you shall inform to the people regarding this and they will be reflected in the credit reports.No one can deny a privilege to reject a loan basing on your marital status. The debts that you have made under joint account are for both of you and you are liable for that.

As a couple both of your responsible for money management and a bounced check will be reflected on both of your accounts.If you do not want this happen ask the reporting organization to keep a separate history for you and it is maintained on your personal name.

Investing in long term and daily needed things like mortgage,car,insurance is a good way of investing and spending money for parties and luxury shall be done occasionally to cope with money issues.

A new marriage shall be started with a good note and to have good relations with partners you shall discuss and plan your expenditures and investments.This makes the family,children as well as future a happy experience.

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Set up your financial life and get good credit score

Managing today financial life and maintaining a good credit score is a tough task and you need to be up to date and computer and internet savoy for that. A small delay in payment will demand a late fee and also will be reflected in your credit report and damage your credit score. That is why it is said that managing money now a days is complex process and you need to be more vigilant in anticipating the problems.

If you are having a computer and connected with internet you are having lot of useful tools free to plan and execute the proper distribution of the money and get peace of mind.Sign up for net banking options and you can access all your transaction and to be paid details just at the click of the mouse and it is quick and real in time.You can link your credit card with bank account and you can pay the bills on time with out missing and late fee.This also helps you to improve your credit score and credit report.



Allow your paycheck to be deposited electronically and it will save your valuable time and you need not stand in the Que and try to make money transactions electronically that is via cards.Have your overdraft offer activated by the bank and that helps you form bouncing of a check by chance.The cost of overdraft is very small and including the used money interest in the name of overdraft you are going to pay less and it will take care of your credit score.

I am reminding you that it is over draft protection not the bounce protection.It is very costly and suggest you not opt for it.Some sick people add your bounce protection balance to your balance while you are using the ATM and there is a danger of drawing excess money and you need to pay high interest for that.

So do not look for bounce protection of your checks from banks or companies and ask for over draft protection.

Maintain some extra cushion money in your bank account and decide your self not to spend that one.It acts like a cushion in emergencies and also take care of unexpected late fees,bounced check fee etc.Banks prefer bouncing your small checks than bigger one and this leads to failing of many small checks cleared and you need to pay the fine for all of them.The small extra pad money that you are going to keep in your account will take care of all this issues. This extra cushion shall not be combined with with savings for dam urgent needs like medical bills or unexpected expenditures.


You can save money in small by making your own food and packing it to the office,not opting for premium television channels,Putting all the coins that come in your way at one place and put all that money in the cushion amount.Write a check for that amount on your name and never cash it.Feel like you have all ready spend that money and keep it in the bank account waiting for you.

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Improve Credit Score by Getting Help and Suggestions

Your Credit Score is not good and you are unable to manage it because of the financial problems that you have. It is the time then to get some external help to come out of the problem as well as to improve your three digit number. There are different agencies to help you in the regard by giving you suggestions, providing information and assistance. Many of them work on non profit base and charge only minimum and give you expert guidance to resolve the money problems.

Consumer Credit Counseling service also called as CCCS is one of the kind of people who give you guidance to come out of money situations. It is funded by creditors and it can plan a repayment options and budget according to your money.They can bargain time with the creditors to pay the debits and buy the required time to get the air to breathe.They negotiate the companies on behalf of you and explain your problems in a positive way. Any way be aware that they don't negotiate for reducing the balances. Another problem is it will be reflected in your credit history and getting the new loans may become bit difficult. select the one who don't ask for big money at the beginning and provides you written statement about your rights as a consumer.

On behalf of the federal government the agency is National Foundation for Credit Counseling and it is having local offices to which it will direct you to solve your problems. You can reach them at 800-388-2227 via online website at www.nfcc.org.


Some of the websites where you can plenty of information are listed below for your reference and this is not the end of the list.You can just google and find the solutions for your problem.

www.creditpage.com
www.creditguide.com
www.debtwizards.com/consolidate.html
www.freecreditanalyzer.com
www.quicken.com/shopping/parenting

There are so many agencies doing this job and some of them are doing it for the money and so be careful.Look around for different options before accepting any one and you have the right to cancel the agreement with in three days of signing.


Understand that there is no magic solutions for your credit problems and if some one say there are just don't believe in them.

Bankruptcy is the process of going to the court saying that you are unable to pay back the debits and allows to discharge your commitments either fully or partially.When you file this report to the court all creditors stop asking or stop trying to recover money from you which will give a bare minimum peace of mind and life will be less stressful. A trustee will be appointed on behalf of the bank and he will take care of distributing your assets among the creditors in a proportion.
If you want to try the form with out lawyer help

http://bankruptcy.findlaw.comis a place for right information.Any way do understand that all your assets will go under the control of court once you file your bankruptcy and you can not sell them. Do understand that courts are not going to accept your file without studying your spending spree.If you spent lot of money just before filing the application through credit cards that debit won't be considered under bankruptcy.

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Improve Credit Report and Cash Flow by reducing debt

If you reduce your debt you can improve your cash flow and this automatically will make your credit report better. First list out all your debts and identify and prioritize them that which has to be paid first and which is next. The debt who is going to effect your financial life seriously, the one who leads the creditor to take back the good,item or property and which one will effect your credit report seriously is the one who has to be given priority.

For example

1.Paying the current bill shall be priority as they will cut the power if you have not paid them in time.

2. Your doctor may refuse to see you if you have not paid the due and any way in emergency you can find another doctor and so it is not that much in the first list of repaying(Dear doctors please excuse me for this comment and it is in the prospect of the poor middle class gentle man who is in financial trouble) .

3.Mortgage can be delayed for two months and banks are not going to go for foreclosure as it is a time consuming and costly process.

4.Your credit cards can be in the list of last to repay and they make only lot of noise for a short time and they can not go for a court in two months .



Negotiate with Creditor for small repayments or temporarily halt

Check out the minimum amount that you need to pay for each important case to come out of the soup and pay it . Inform to creditors about the inability to pay back the dues in time and explain the real reason like you are laid off from the job or you got medical bills to pay for your family and give the reason that is good for them to considerate. Tell them that you have intention to pay back all the due in a short time when the situation is improved. Ask them either differ the payments temporarily or make it small so that you can pay immediately.

Don't agree for the payment that you can not afford at that time and keep calling and taking to higher level officers to get the required concessions. Tell him about your repayment plans and ask them to consider removing negative remarks in credit report and that eventually improves your credit score. Give him a plan like I will pay the agreed amount for three months and get the offer like make the credit report neutral and continue this process for three more months to get positive report.This negotiations may be a difficult job for you but it will save you from future problems by giving better credit score.

Most creditor's love this way of coming to the table as they start getting the money they need and they need to proceed for legal help which in turn also saves their money. They don't prefer to take back the hypothesized goods or vehicle as they have to find a place to hold it,auction it and people try to offer them less money for the good.

Special recommendations:

Rent house solutions:

1. ask for a deferment of payment for a short term .
2.Or give a offer for re innovation which can be done with a little bit of less money and buy some time to spend that money.
3.Request for a small reduction of rent.
4.Ask the land lard to allow a new inmate who can offer a portion of money so that your rent will be less.
5.Request the owner to accept a partial payment until things are settled.

Mortgage Solutions

1.Ask the lender for late payment and request him to wave off the late fee.
2.Look for the option of paying only interest for a short time until things are settled.
3.Fore carouser is long and time taking procedure and you will get some time to breathe and think.
4. Look for refinance with lower interest rates or longer time repayment options .
5.Consider even selling it out if it turned into costly over the time .
6.Give a portion of time for rent and get some cake for mortgage.
7.Give to rent completely and stay at a cheaper home until every thing is settled.

Service Provider Bills like doctors,lawyers and dry cleaners will have generally three cycle choice before they go for collection agency. If these are are run by small people,they would like to have a agreement for beginning the repayment with a small amount. Call to them and explain your problem and ask for a smaller repayment.

Insurance Polices will loose their coverage once if you are unable to pay the money on time and generally they are not open for negotiations. Any way these days of privatization started a big competition and no one would like to loose a good customer.Make a call and explain your problem and try your best for either smaller repayment or temporary deferment of repayment.

In the case of Utility bills switch your self for higher options to lower or budget options. This will save your money and burden will be reduced a bit and you are on the way learning the savings.

Try selling your Costly Car and get a cheap used car until things are settled.



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Make Your Credit Report Better Techniques

You shall know how to make your credit report better and by following them you can improve it and get better financial deals.The simplest way of doing this is checking for errors that are there in your report and correct it. Send this paper to agency who has given it you and ask an explanation and request your corrections.

You can do the same with credit card company if there is a billing problem with it and calling over a phone is not going to solve your problem . You are expected to write a letter with in the sixty days of billing for corrections. You shall send this information to customer care and not to the billing address.


You can request the agencies to add your accounts that are not listed in the report to make your report better. You may have to pay some fee for this and it is not an obligation for the reporting agency to do this favor for you and it is their rules that decides.

If your personal information in the credit report is incomplete or incorrect you can ask for fulfillment or correction. It is like your employer,your current address,new and updated phone number that you have etc come into this category. This will show stability in your report and improve it easily.

If there are unauthorized enquirers about you in the report you can take to the authorities and ask them to remove .

Adding your statement to the report

You can add a small statement of 100 words in your report and use it to say that you have problems previously and you came out of them presently and your financial status is now better to get a better report. Any way many creditors don't care that much about it and they even need not print ever thing that you claimed but only summery. It helps only in the case of temporary illness or caring for some one in the family and fighting with medical bills and hence unable to pay the dues on time.

Simply to put you are putting your case before some one who is looking for it that you are actually a good financial habits and unable to follow them because of unexpected reasons and soon it is going to better.

You can Sue the Credit reporting Agency

There is some thing seriously wrong in the report and you have asked them to correct it. They had taken the possible time and failed to reflect the truth that you represented.Your mortgage loan is rejected because of that or employer denied the job because of that.Then you have every right to sue the company for the damage they caused to you.

You have two years to complain about the serious problem caused to you and you can file a suite.
You can ask for the damages like mental stress they caused, salary that you last, attorney and court fees etc.



You can also sue them if they reject to issue the report which is having the misinformation,giving the credit report to some one who is not authorized to get it or failed to correct the address that you have informed in written.

For this sake collect all your correspondence with them in record and use it when needed.

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