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Resources
Earn Free Flights with an Airline Credit Card Offer
By Rosanna Yee
In this day and age, we are always traveling. Whether on a business trip, visiting home for the holidays, or you just want to go on vacation, planning and funding the flight is always a headache. Read more...
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Resources
Separating Your Personal Credit From Your Business Credit!
By Trent Lee
Did you know that almost 9 out of 10 business owners start a business based off of their personal credit! They use their own saving to invest as start up capital then they personally guarantee Read more...
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Resources
Banking With Bad Credit
By Peter Kenny
If you have bad credit, then banking and using financial products can be hard. However, there are ways that you can bank with bad credit and still get the features that you want. Also, if you have Read more...
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In the United States, a student from a high school or a college earns a credit for a successful completion of a class for each semester. In secondary and post-secondary institutions, there is a mininum amount of credits required in order to graduate. This mininum requirement varies by state and the type of funding.
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#Welcome to
i-prosper.org/Bank/Credit Reviews & Reports - your comprehensive low rate credit card
resource.
Below, you'll find extensive information
on leading low rate credit card articles and products to help you on your
way to success.
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Personal Loans and Your Credit Score
By Joe Hanoa
Did you know that your score will most definitely impact the rate you pay on loans? That’s right, the higher your score the lower your interest rate will be for a home mortgage, auto loan, card, and countless other personal loan deals. Conversely, the lower your score, the higher your interest rate will be if you are approved at all! Let’s take a look at what is behind personal financing when your score comes into play, which is all of the time.
Risk – Lenders never look at you as a person, rather they look at you as a risk. One big question they ask themselves: how certain am I that you will repay your debt? When your score is good, then they “reward” you accordingly with a good rate. When your score is terrible, then your rate is raised to reflect the higher risk. Moreover, the lower your score the less of a chance you will be approved for a loan in the first place!
My Fico – The Fair Issac Corporation is an independent company that helps to determine your score. Your score is based on the following five factors: your payment history, amounts owed, length of history, new credit, and types of used. The first two categories make up about two thirds of your score so if you are behind on payments and you owe a lot of money, expect your score to sink accordingly.
Your Credit Reports – As part of an agreement reached between the federal government and the three reporting bureaus – Experian, TransUnion, and Equifax – you are entitled to one free copy of your three reports every year. Get copies of your report and examine them closely for errors. Make certain that the information
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Here are some more quality articles in several
websites related to credit :
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contained therein is correct, if not contact the reporting company and have them make the necessary changes.
Obtaining Your Credit Scores – When obtaining your reports you should also find out each reporting agency’s calculation of your score. You’ll pay for that privilege, usually 5 to 8 dollars per score, but it will be helpful information to have on hand when you apply for your next personal loan.
Of course, if your score is low it could take six to twelve months of steady repayment of current debt to increase your score. Things don’t change overnight for the good, but they can for the bad. So, stay on top of your to avoid future bad personal loans.
Joseph is the proud owner of Finance Guide, a website that will
explain everything you need to know about Personal Budgets. We invite you to visit our site today and see what we have to offer.
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We strive to provide only quality articles, so
if there is a specific topic related to credit that
you would like us to cover, please contact us at any time.
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