If you have ever applied for a loan (mortgage, home equity loan, auto loan, personal loan, credit card etc.) then you already know how important it is to have a good credit rating (FICO score).
Before credit lenders approve or decline your loan request they check you credit history with the following credit agencies to determine your credit risk:
Equifax
Trans Union
Experian
Your credit report usually lists the following information:
Personal information: (your full name, current address, Social Security number, date of birth, employment information).
Information about your credit accounts (credit cards, car loans, mortgages, lines of credit and other credit accounts. It includes the dates that accounts were opened and closed, current balances, maximum credit limit and how often you were late making payments, or if any accounts were charged off).
Information about requests for your report as a result of your having applied for credit, or requests that were made by others (for example: credit card companies, or other financial institutions ) to make you a pre-approved offer of credit , during the last 2 years.
It also lists information about (Bankruptcies, foreclosures, lawsuits, liens, wage attachments, court judgments) if it applies.
Some lenders make a determination by your FICO score. FICO scores range from 300 to 850. The higher your score-the easier it is to get credit and of course lower scores make it a lot more difficult to get credit and if you get one, the interest rate will be rather high.
Your credit score will be lower if you have missed payments or made late payments, if account balances are high, if you have too many recent enquires or if there is simply an error in your report.
There are ways to improve your credit rating. First of all, order you credit report and make sure that there are no mistakes and all information posted is accurate.
Make payments on time, lower your balances, and don’t apply for more credit. These steps will gradually improve your credit rating. This will not happen overnight. It make take months, and may even be years but it is all worth your effort.
YOUR FICO SCORE
300 620 850
Check your credit. Once a year it is available for free. Go to: https://www.annualcreditreport.com/cra/index.jsp or call: 1-877-322-8228
Saturday, November 28, 2009
Sunday, November 15, 2009
Privacy Policy
Privacy Policy for personalfinanceguideblog.blogspot .com
The privacy of our visitors .com is important to us.
At personalfinanceguideblog.blogspot.com, we recognize that privacy of your personal information is important. Here is information on what types of personal information we receive and collect when you use and visit personalfinanceguideblog.blogspot..com, and how we safeguard your information. We never sell your personal information to third parties.
Log Files
As with most other websites, we collect and use the data contained in log files. The information in the log files include your IP (internet protocol) address, your ISP (internet service provider, such as AOL or Shaw Cable), the browser you used to visit our site (such as Internet Explorer or Firefox), the time you visited our site and which pages you visited throughout our site.
Cookies and Web Beacons
We do use cookies to store information, such as your personal preferences when you visit our site. This could include only showing you a popup once in your visit, or the ability to login to some of our features, such as forums.
We also use third party advertisements on personalfinanceguideblog.blogspot..com to support our site. Some of these advertisers may use technology such as cookies and web beacons when they advertise on our site, which will also send these advertisers (such as Google through the Google AdSense program) information including your IP address, your ISP , the browser you used to visit our site, and in some cases, whether you have Flash installed. This is generally used for geotargeting purposes (showing New York real estate ads to someone in New York, for example) or showing certain ads based on specific sites visited (such as showing cooking ads to someone who frequents cooking sites).
You can chose to disable or selectively turn off our cookies or third-party cookies in your browser settings, or by managing preferences in programs such as Norton Internet Security. However, this can affect how you are able to interact with our site as well as other websites. This could include the inability to login to services or programs, such as logging into forums or accounts.
The privacy of our visitors .com is important to us.
At personalfinanceguideblog.blogspot.com, we recognize that privacy of your personal information is important. Here is information on what types of personal information we receive and collect when you use and visit personalfinanceguideblog.blogspot..com, and how we safeguard your information. We never sell your personal information to third parties.
Log Files
As with most other websites, we collect and use the data contained in log files. The information in the log files include your IP (internet protocol) address, your ISP (internet service provider, such as AOL or Shaw Cable), the browser you used to visit our site (such as Internet Explorer or Firefox), the time you visited our site and which pages you visited throughout our site.
Cookies and Web Beacons
We do use cookies to store information, such as your personal preferences when you visit our site. This could include only showing you a popup once in your visit, or the ability to login to some of our features, such as forums.
We also use third party advertisements on personalfinanceguideblog.blogspot..com to support our site. Some of these advertisers may use technology such as cookies and web beacons when they advertise on our site, which will also send these advertisers (such as Google through the Google AdSense program) information including your IP address, your ISP , the browser you used to visit our site, and in some cases, whether you have Flash installed. This is generally used for geotargeting purposes (showing New York real estate ads to someone in New York, for example) or showing certain ads based on specific sites visited (such as showing cooking ads to someone who frequents cooking sites).
You can chose to disable or selectively turn off our cookies or third-party cookies in your browser settings, or by managing preferences in programs such as Norton Internet Security. However, this can affect how you are able to interact with our site as well as other websites. This could include the inability to login to services or programs, such as logging into forums or accounts.
Tuesday, November 10, 2009
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