Online Credit Card Help

Improve Your Credit Rating With GoFreeCredit.com

June 10th, 2008

GoFreeCredit.com is a revolutionary site which gives you instant access to your credit report. You will find solutions to improve your credit rating and maximize your purchasing power.

With GoFreeCredit.com, it’s easy to check your own credit score and find out specific steps you can take to improve it. You will get a free copy of your credit report with your free credit score. Your credit score will include a summary of the specific factors affecting (both positively and negatively) your personal credit score.

Review your credit report for any errors and correct items that may not be accurate as they can hurt your current credit score. Keep in mind that negative items on your credit report are more powerful than positive items. Late payments can affect your credit score in a month or two, while making payments on time can take six to 12 months to improve your credit score rating. Also remember that having too much credit can be as bad as not having enough, if your credit has been mismanaged or if you have made late payments.

Find peace of mind with your FREE Credit Report and Credit Score!

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Getting a Loan for People With Bad Credit

April 3rd, 2008

If you’re past payment history is poor you may have difficulty obtaining a loan but a reasonable solution may still be well within your reach. Loans for people with bad credit are often available in the lending industry, but finding a suitable deal in the current economy may prove a little daunting. It is also wise to beware of predatory lenders who specialize in writing loans they know will default. If your past credit report states that you’ve failed to make timely payments in the past or have defaulted on payments, you might be labeled as having bad credit and it may bedifficult to find a loan for variety of purposes like home improvements, wedding, purchasing a car, debt consolidation or planning for a vacation.

Almost all lenders carry a set number of high risk loans. In order to cut risks, the lender makes sure that repaying ability of the borrower is sufficient or that the borrower’s past credit is far enough in the past and they are cleaning it up. In any case, a plan of how the borrower is going to make timely payments should therefore be in place. Income and bank statements along with employment record should also be produced by the borrower to the lender. Once the borrower’s financial ability and intentions are confirmed, the loan is not hard to get.

Loans for bad credit can be issued as secured or unsecured options. Secured loans are easier to get because they are backed by tangible and equitable property such as your property or home. In these cases, there is little risk on the lenders part making a deal with such a borrower. These loans can be issued at comparatively lower interest rate on greater borrowed amount. The repayment duration also is larger and can be up to 25 years. This enables the borrower to repay the loan without stress.

Unsecured loans for bad credit are a little harder to get as borrower does not put up any collateral. As the risk factor is much higher for the lender, the interest rate the borrower pays will often bw much greater. Unsecured loans are usually a smaller amount and are approved for shorter repayment period or up to 15 years.

Obtaining a copy of your credit report from a reputable credit rating agency and knowing your credit score are essential when beginning to seek a loan if you have bad credit. Many online lenders offer loans for bad credit at competitive rate of interest and so their rates are lower than banks or financial institutions.. Doing your due diligence on the lenders when seeking a suitable deal will often result in finding a competitive rate.

Once you have secured a loan, make certain to make timely payments without delay so that your credit rating improves.

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Should I Get a Prepaid Credit Card?

March 31st, 2008

Analysts in the credit industry have estimated there may be up to 50 million Americans who are unable to qualify for credit for some reason or another. In the United States and many other countries, not having a credit card or debit card with a Visa or Mastercard logo on it can hold a consumer back from making online purchases, buying a cellphone, opening a Paypal account and many other transactions considered trivial by those who have credit.

Prepaid credit cards can help a consumer perform some or all of these transactions. Credit is not a determining factor when issuing the prepaid credit card. All applicants are accepted, regardless of their credit history. There is no credit check performed with any credit referencing company and the card is therefore available to all. This opens up an opportunity for those who are normally declined mainstream credit card facilities due to adverse credit, low credit score or lack of credit history.

People looking for a prepaid credit card are usually concerned with three factors: annual fee, application fee and participation fee. Annual fee is the cost to use the prepaid service on a yearly basis, whereas participation fee is the cost to use the service on a monthly basis. You will rarely see a prepaid card that charges both an annual fee and a participation fee. Choosing between one or the other is simply a matter of deciding when you want to pay for your usage fees.

If you find yourself in need of a prepaid credit card, several excellent options are :

Western Union® Prepaid MasterCard®
Activation Fee: $9.95
Monthly Fee: $4.95

Wired Plastic™ Prepaid Visa® Card
Activation Fee: $9.95
Monthly Fee: $3.95

Eufora™ Elite Credit Builder Prepaid MasterCard®
Activation Fee: $59.95
Monthly Fee: $6.65
* Adds to your credit score

Prepaid Visa® RushCard™
Activation Fee: $19.95
Monthly Fee: $3.95

AccountNow® Vantage Prepaid MasterCard®
Activation Fee: $0
Monthly Fee: $4.95

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The Inside Truth About Credit Repair

March 17th, 2008

Have you ever wondered what companies send you when they claim you can erase bad credit overnight?

How about those ads that say you can get any major credit card without a deposit or a credit check? Ads abound almost everywhere these days (online and off) selling books, systems and secrets to help you fix your credit. Many of these programs have claims which read like the covers of supermarket tabloids:

“In 3hrs my credit score jumped from 580 to 676!”…

“Erase bad credit and smash your debts with just 2 Magic Letters!”.

Are these types of claims ALWAYS too good to be true? The answer is “Yes and… no”.

While many people would love for you to believe the only thing that can fix bad credit is time; in reality… nothing could be further from the truth. The fact is, time is only one factor which can fix a credit report, but it’s a far cry from being the only factor. How can I back this up? Easy.

Under a consumer protection law known as the Fair Credit Reporting Act (a.k.a. the FCRA) the only negative information which can remain on your credit report is not what is accurate… but what can be proved as accurate under the FCRA. What’s this mean to you? It means any negative item on your credit report can only remain there if it is accurate and CAN BE PROVED AS SUCH under the guidelines of the FCRA. This undisputable fact presents consumers with both good news and bad news. The good news is that through the FCRA your credit score can most likely be improved dramatically in a very short period of time with only a modest amount of effort on your part.

The bad news is that while the actual “work” will take very little of your time, it is vital that you have good information on “how” to go about it. This is the bad news; 9 out of 10 courses on restoring your credit will do nothing more than lead you into snake pits because they will provide you with what the industry refers to as “Boiler Plate” dispute letters. These are nothing more than form letters and… quite frankly (more bad news) the Credit Bureaus and Creditors will laugh at you if you try to use them.

While I agree with the Federal Trade Commission (FTC) that “Anything a Credit Repair Clinic can do for you legally, you can do for yourself at little or not cost”… the key element you need for success with credit repair is the latest inside techniques and procedures to get the results you want. This involves strategies such as “Proof of Contract”, “Constructive Notice”, “Challenge of Procedure” or “Restrictive Endorsement” and many others. All these terms may “sound” impressive but they are really quite simple. In the end, it is nothing more than a method of communication which exercises your consumer protection rights, gets the results you want and raises your credit score. Even more impressive, once you learn how simple it can be by doing it for yourself, you will find there is a fortune to be made doing it for others! It all starts by requesting a free copy of your credit report here: FreeCreditReport.com

For more information on visit the CREDIT SECRETS BIBLE website.

Posted in Credit Repair | 1 Comment »

How Identity Theft Can Destroy a Life

February 28th, 2008

LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!! Click here to get a 10% discount.

If you have been a victim of identity theft, then you can understand how this crime can seriously ruin your life. If you haven’t, then you either have no idea, or only have a faint clue to what it feels like.

The consequences of identity theft are very real and are very distressing. It doesn’t matter for what purposes your identity has been stolen, serious damage can be caused. If somebody has found your details, they can use them for a number of things. For example, next time you throw away an old bank statement or credit card receipt, just think of what could happen if somebody were to find those scraps of paper. Not only will they contain your name and address, but they also contain details of your bank, and credit card details. It doesn’t take a genius to work out that these sorts of information can be used for.

If your letter box isn’t secured, as many aren’t, then it only takes someone to walk by and grab your mail. Imagine if there was a check book in there, or a new credit card? All they have to do is wait a couple more days to get the Pin for it, which is sent separately. Think of the havoc that can be caused and the consequences of identity theft in situations like this. Once they have your credit card, they can put their own signature on the back. With the Pin number, they can go ahead and buy all kinds of things, without you even realizing, and many people don’t for a while. With bank details, it isn’t difficult for people to try and get loans or mortgages in your name. Think of the devastation that can be caused by this? Imagine if they were successful in their applications? You would have a loan for any amount in your name which they wouldn’t have to pay back. It would be you and your credit rating that would be ruined. That sort of action would have a devastating effect on your credit rating. You can say goodbye to any mortgages you may want to try and get, and you can forget about a loan if anything bad should happen and you need the money!

To think of it another way, imagine what could happen if somebody had a fake I.D card with your name and address on it. What if they were caught in some sort of criminal activity? They would be able to give your details if they get caught and the warrant would be out with your name on it! It would be on your record, this criminal activity, and therefore you can expect problems getting any future employment. You could even end up in prison!

Whichever way you look at it, and for whatever reasons behind somebody stealing your information, the consequences of identity theft are dire! Not only does this crime have monetary losses involved, it can have personal consequences. All you need to do is to have a look on the internet for consequences of identity theft, and you will find thousands of stories of people’s lives that have been ruined by these actions.

If you believe you have been a victim of identity theft, do not wait to find out what the consequences will be. Contact the authorities before it is too late and some real damage is caused!

About the Author:
Author and internet entrepreneur Bernard Pragides offers expert advice and tips regarding identity theft. Learn more about identity theft and fraud by visiting his blog at http://www.LifeLockblog.com

LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!! Click here to get a 10% discount.

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