A credit history is your financial autobiography. It lists your name, current and previous addresses, phone number, Social Security number, date of birth, current and previous employers. It may also have your spouse’s name. It lists credit accounts, public records, credit inquiries and any statements of dispute. A good credit history can help you get the best terms on every financial transaction. Learn here how your credit history will affect you.
Real estate fraud often results in problems with credit reports - even if the person was a victim of fraud. In some cases, the home owner benefits from the mortgage lender's attempt at real estate fraud, so the fraud may ruin her credit and credit report. Ilyce describes the problems real estate fraud can cause to a person's credit report.
What can you do when the introductory rate on your adjustable rate mortgage (ARM) is expiring? You need to understand what index your ARM mortgage is tied to and how the rate will change after the introductory period. You can then decide whether to refinance your ARM mortgage with a different interest rate.
Like it of no, your credit score matters. A few bad financial mistakes made in your early 20s can haunt you for the next decade or more. Credit score has become the key driver in the financial world. Creditors will decide whether to grant you credit and how much you'll be charged based on your credit score. And, insurance companies will decide whether to allow you to purchase various forms of insurance, and how much you'll be charged, based on your score.
Small things like the rising costs of gas prices can affect a consumer's credit history if they start missing credit card payments. Rising gas prices may force consumers to make only the minimum payments on their credit cards or miss them altogether, which will negatively affect their credit history. Even one late payment can affect a consumer's credit score so if you have to pay cash at the pump, do so, instead of using your credit card.
Cashing checks at a currency exchange doesn't help you create a credit history. If you don't have a credit history, it's a lot tougher to get a credit card, not to mention an auto loan or a mortgage or even a job. Ilyce explains what you need to do to create a credit history and gain access to credit that can help you to buy a house, buy a car, or achieve other financial goals.
You can get a free copy of your credit report each year. President Bush signed legislation that required each of the three major credit reporting bureaus, Experian, Equifax, and Trans-union to give you a free copy of your credit report each year. Ilyce Glink tells you how to get a free credit report and how to avoid being scammed by companies that give you a credit report copy but then charge you a fee for "credit monitoring".
To qualify for a mortgage you have to have a clean credit history and a good credit score. What can you to do improve your credit when you want to buy a home? Learn tips to raise the credit score and how to plan for the purchase of property.
How will being late on my medical bills affect my credit score? If your medical bills go to a collection agency, it affects the "payment history" component in calculating your credit score. Other factors play into determining your credit history, but payment history is the largest one.
Keeping your credit score high is more important than ever, since a future employer will probably pull your credit history before offering you a job. But do you know how your score is calculated? Do you have a high credit score or a low credit score? So many questions about credit scores and we've got the facts about how they're calculated and what they mean.