www.fixmyuglycredit.com Bill J. improves his credit once he understands this easy formula. www.fixmyuglycredit.com
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Continue reading How To Fix Credit Requires Secret Formula!…
Start earning income from all of your clients including turndowns. This new technology allows you to be the sponsoring credit coach and receive compensation for helping clients nationwide. Turndowns are the majority of all agents business and are the most loyal clients. Now you have a tracking system and a marketing tool to be before your clients all year. You will also be the first to know when they are ready, willing and able to buy so that you will not lose their business to another agent. Learn what equifax, experian and transunion do to calculate the scores.
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Jean Chatzky is correct, you cannot get your FICO score–the score that is used by lenders–for free.
However, if you want an approximation of that score, there are a few companies that will provide them for free.
But keep in mind, that each free attempt will in fact add an inquiry to your report which has been known to lower your score. See credit score myths below.
And all [except MY FICO] are the credit scores developed by the credit bureaus themselves, Experian, TransUnion, and Equifax, and are not your actual FICO scores.
Only the FICO score from myfico.com is used by lenders to determine your credit worthiness.
CreditKarma.com:
Gives you your TransUnion score. But it is Advertising-supported.
E-Loan:
Experian score. If you visit their website, be sure to scroll down to “One-Time Credit Snapshots” and “Free Credit Score (Credit Score Only)”
Prosper:
Experian score.
Feel free to ask any credit related questions in the comments section of this video. I’ll be happy to answer them if I can.
ALSO, PLEASE FREEZE YOUR CREDIT REPORTS!!!!!!
and please go to www.optoutprescreen.com to opt out of all offers of credit and insurance for 5 years. Don’t bother with the permanent opt-out.
Credit score myths:
Myth: You have only one credit score.
You actually have three scores, one from each of the three bureaus (Experian, TransUnion, and Equifax). They use the same “equation” from Fair Isaac Corporation but they each collect their own data, they each have their own slightly different weightings on the score components, and they each make their own share of mistakes. This is why it’s important for you to review each of your credit histories each year using government sponsored AnnualCreditReport.com. Some lenders pull your score from all three and use the middle value, some only pull from one. In the end, you need to ensure your information is 100% accurate.
Myth: Checking your score will hurt it.
There are two types of inquiries – soft inquiries and hard inquiries. A hard inquiry is when a financial institution uses your credit history to determine whether or not to extend you credit. A hard inquiry will appear on your report and negatively impact your score (this is why experts recommend you avoid applying for credit cards right before a mortgage application). A soft inquiry is when an institution uses your credit history to confirm your identity or when you personally review your credit history. Since it’s not used for a lending decision, it doesn’t negatively impact your score. Checking your history or score will not hurt your credit.
Myth: Shopping around for the best loan will hurt your credit score
Shopping around for the best loan will result in a lot of hard inquiries on your credit report but this is a special case. For mortgages, home equity, and car loans, a flurry of hard inquiries won’t hurt your score if they are within a 14 or 30 day window. Credit bureaus understand you will be making numerous inquiries to get the best deal. This rule does not apply to credit card application inquiries, each one of those will hurt your score regardless of how quickly you do them.
Myth: My FICO score dictates whether you get credit and at what interest rate.
Truth: The FICO score is a very important part of determining whether you get credit and at what interest rate but it’s not the only thing lenders use. When you apply for a loan, lenders will ask you for your bank account statements, your paystubs, and your outstanding debts in addition to pulling your credit. Lenders want to know whether you will be able to repay the debt and they cannot rely just on the score alone. If you have a lot of debt compared to your income and a high credit score, lenders could deny you credit. If you have little debt compared to your income and a low credit score, lenders could still extend you credit. Score is not the final arbiter, just a part of the equation.
Myth: Getting married will hurt (or help) your credit score.
After you are married, each spouse still has the same credit worthiness they had before they were married. Your scores won’t increase or decrease because you were married. The reason why people believe this myth is because when you start applying for loans, you’ll be applying for a joint loan where both spouses will be responsible. In this case, your aggregate score can go up or down. However, the act of getting married doesn’t change one’s credit worthiness.
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http://www.notapennydown.com . Mark Fidgett, a mortgage broker in Vancouver Canada, explains why you should pull your credit bureau and how to pull your credit bureau
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Continue reading Credit score by Vancouver Canada Mortgage broker Mark Fidgett, mortgage broker BC…
http://MortgagesInVancouver.com
The first thing is getting your credit and maintaining your credit. So obviously if you think that credit is the most horrible thing in the world and you want to stay away from it, unfortunately you can’t do that if ever you plan on getting a car or buying a home. You need credit, because that’s how they judge your responsibility when it comes to money and finances, and that’s how they judge you on whether they’re going to get paid back and if you’re a safe bet.
So first of all, if you’ve got to get credit, the easiest way is to just go out and get like a $500 credit card. Even if it’s a pay as you go one, just get it so you can start building your credit. Then, secondly, when you get the credit card, you need to make the payments. All right?
So there’s a couple of ladies who are very concerned. They’re like, “Oh, I was five days late on my credit card payment. Am I going to get hit?” No. You’re probably OK on that front. Where you need to be concerned is if you go for a full 30 day cycle. So if you miss a payment for a full 30 days, chances are the credit bureau’s caught that and they’re going to ding you for it.
Now, the second thing is I see a lot of people with horrible credit who have got horrible credit for a ridiculous reason, and what this reason is is that a lot of credit cards, especially the store credit cards like the Zellers cards and the Canadian Tire and Staples and Brick cards, they actually have annual fees on them. A lot of people don’t know that. They’ll get them in the mail and they’ll go, “Oh, right. Geez, I signed up for this thing once. I’m just going to snip it up, never actually use it.”
Don’t do that, because if you do, there’s an annual fee that is slowly accumulating, and all of a sudden you’ve gone into collections on a $5 fee. I’m serious, this happens all the time. Be very aware of annual fees. Often, you can choose between an annual fee and low interest or a no fee card. Always go for the no fee card unless you carry a balance, and then go for the low interest one, but be aware that you do have an annual fee and you need to make those payments on those annual fees.
Now, the third thing is actually a huge misconception, which is that having a lot of credit cards is a horrible thing. It actually isn’t. It’s actually the complete opposite. Now, you need to think of the credit bureau as a mathematical computer algorithm. They don’t have a person sitting there figuring out what, logically, you should have as a credit score. It’s all mathematical.
So if you think of it this way: if you have one credit card and you miss one payment, you are in 100 percent default. Whereas if you have five credit cards and miss one credit card payment on one of those cards, you’re now only one fifth in default. See how that works?
Likewise, when it comes to your credit ratio, never have a $10,000 card and go, “You know what? I don’t want to have $10,000 given access to me because I’ll actually spend it. I’m just going to go and call the card company and have them reduce that credit amount to $5,000.” Don’t do that.
Again, look at the algorithm: if you have one $10,000 card and you’ve spent $10,000 on that card, your ratio is maxed out. You look like you’re not responsible with money because you’re always at the max. Whereas if you have, say, three cards and they each have $5,000 on them and you’ve spent the same $10,000, now you’ve got at least a $5,000 buffer and you’re only two thirds maxed out. You see how that works?
So, having more credit is not a bad thing. Being maxed out on more credit is a bad thing. And missing payments is a bad thing. But you’ve got to think of the ratios. So if you have any questions about this maybe your credit’s is bad, maybe you don’t have any credit give me a call. We’ve got to get you started on the right path to building that.
If you have great credit and you want to start using it to buy a home or something along those lines, give ma a call. I’ll let you know what we can do for you. So my phone number is 604 313 9996. You can go to my blog. I have all my other contact information there, too, if you want to fill out an application online or email me, and that’s at http://mortgagesinvancouver.com.
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Continue reading Your Credit Score – How to Get it, Maintain it, and Not Wreck It…
Who is responsible for protecting your identity and credit history? Only you are responsible for making sure your personal information is safe. The best way to protect your credit is to check your credit regularly through AnnualCreditReport.com. If you discover any errors or mistakes, report the errors immediately so the banks and credit reporting bureaus can help resolve your credit disputes. If you do want to hire a credit monitoring service, make sure you use a service that will help prevent fraud, protect your personal information, and resolve any disputes.
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Continue reading How To Keep Your Identity and Credit History Safe…
Credit Restoration. Honest. Legal. Reliable. Local. Over 1.000 satisfied clients with no complaints.
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Do you know what kind of credit mistakes are lowering your credit score? Common mistakes may be dragging down your credit score and you may not even know what you’re doing. Keep your credit card balance below 50 percent of your available credit. If you max out your credit cards every month you may be lowering your score. You can also get into more trouble if you run into late payments on your credit cards. Watch this Expert Real Estate Tips video for more common credit mistakes that could be lowering your credit score.
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Continue reading Common Credit Mistakes That Lower Your Credit Score…
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I used to have bad credit, and these are 5 simple things you can do to improve yours.
Feel free to repost this and pass it on to as many people as you wish.
While watching the video click on “share” right below.. and share it with all of the people on your friends list… or email the link to any and everyone you know… You never know who you might save from getting bad credit, or who may need help getting out!
http://www.youtube.com/watch?v=5S2j4XgYY3g
http://www.youtube.com/watch?v=Tfa2flQ5d08
I want everyone to begin the journey into having excellent credit, and this is the first part of a 3 part series.
TonyaTko
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Continue reading TonyaTko: 5 Ways to Improve your Credit Pt. 1…
Credit scores, on the scale assigned by FICO, range from 300 to 850. Who has an 850 credit score and what canyou do to get one? Less than 1 percent of the population has a credit score above 800, so it’s very unlikely you will have an 850 credit score. However, if your credit score is above 720, you will probably still receive the best rates. Watch more credit and identity theft videos from Expert Real Estate Tips to learn how to raise your credit score.
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Continue reading Who Has An 850 Credit Score And How Do You Get One?…
