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My Credit Repair Advice: Don't Pay for Free Credit Reports

My Credit Repair Advice: Don't Pay for Free Credit Reports
By Kyle Sugerak

When people ask for my credit repair advice, I always start with one important piece of information: Consumers should never pay for free credit reports.

Surprisingly, many consumers do unwittingly pay for credit reports that should be free. Sites such as the misleadingly named FreeCreditReport.com have come under fire from consumers and their advocates for ads that critics say are misleading.

Visitors to FreeCreditReport.com can sign up to receive their three free credit reports - maintained by the credit bureaus Experian, Equifax and TransUnion - from the site. However, they'll first have to provide their credit card information. They'll then be signed up for a free trial of the site's credit-monitoring service.

If these visitors forget to cancel the service after their free trial ends, they'll find a $14.95 charge on their credit card statement. That charge will pop up again for every month in which they forget to cancel their subscription to the service.

Critics say that it would be far more honest to require consumers to give their consent to sign up for the service when the free trial ends. Of course, Experian, the company behind FreeCreditReport.com, would then not receive all those extra $14.95 payments.

Free Credit Reports Should be Free

My credit repair advice is to order your free credit reports instead from AnnualCreditReport.com. This site is maintained by the three credit bureaus. Under federal law, you can order one copy each of your three free credit reports from here once every 12 months. There are no charges to do so.

Once you receive your credit reports, you can then check them for any mistakes. This is the first step in the credit-repair process. You don't want your credit reports to state that you missed three car payments in 2008 when you know that you made every payment on time. You don't want it to say that you have 10 open lines of credit when you know that you've closed most of your open credit card accounts.

These mistakes can lower your credit score significantly. And today, it's difficult to borrow any money from conventional mortgage lenders if you have a weak credit score.

Credit Repair Basics

If you've found errors, correct them in writing. This is inefficient, but it's the only way the credit bureaus accept corrections.

Removing incorrectly filed negative information from your credit reports will boost your credit scores. But if you need to put in more work, you'll have to go through two more steps.

First, pay all your monthly bills on time - never miss a payment or make a late payment. Both actions will cause your credit scores to suffer. Secondly, don't run up your credit card debt. Lenders consider borrowers with high amounts of credit card debt to be credit risks. Set aside whatever money you can to pay down your outstanding credit card balances. The less credit card debt you have, the better it is for your credit scores.

And, of course, avoid filing for bankruptcy. Chapter 7 bankruptcy filings remain on your credit report for 10 years, while Chapter 13 ones stay there for seven. During this time, your score will certainly suffer.

Good Credit Repair News

The good news is that this credit repair advice is so easy to follow. Boosting credit scores really requires only that you act like a mature consumer.

� Don't overspend
� Pay for your purchases with cash instead of running up credit card debt
� Pay your bills on time
� Eliminate as much debt as possible.

These are all tips that will help you live a less stressful life. It's an added bonus that they'll help you improve your credit scores, too.

HomeBuyersAssistant.com is a national company with a dedication to helping people achieve their goal of owning a home regardless of their current credit situation. My Credit Repair Advice programs are available for anyone who has a serious commitment to improving their situation. We can help you rent to own a home anywhere in the USA, even if you've been denied in the past. You can go from renting to owning the home of your dreams sooner than you ever thought possible!

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Real Estate Strategies And Business Credit

Real Estate Strategies and Business Credit
By Jack S Dunn

I am often asked about how is this credit can benefit real estate investors. There certainly a gold rush going on in bank owned properties, short sales, rehabs, foreclosures. People are losing their homes while simultaneously using creative methods to buy a new home. I am seeing investors get business credit to acquisition properties. I am seeing the same investors refer their clients who are soon to be losing their home, to the business credit service so they may begin rebuilding their access to credit lines and credit cards.

Typically when a homeowner is in foreclosure day will contact a foreclosure expert. In most cases this foreclosure expert inform the homeowner of the grim reality sat it is more likely they will achieve a short sale with the bank rather than a workout arrangement or loan modification of any sorts.

There are two reasons for this. One, banks are not really doing to many short sales. This this facade is becoming more and more blaring only obvious to homeowners as time passes. These oblivious loan modification companies are being blown out of the water by new regulations, and policies limiting what they can say and promise to unsuspecting homeowners. It's unfortunate that early on, loan modification companies were able to clean house when these services were making big news. This

Number two reason, the investor makes more money doing short sales. Certainly get help work out an arrangement that benefits the homeowner, the problem is the homeowner does not have money in most cases and these arrangements do not benefit the investor. So, in order for everybody to win home owner needs to lose their home.

This is the reality of real estate today.

Now so how do we use business credit to benefit all. There are credit lines within corporate credit services that can be obtained specifically for real estate businesses. Some are business only credit, if you are well est. and have a year maybe two years better even three or four, there are many programs available in the high dollar range debt will benefit real estate investors. However as, yes many people are seeking no credit check type business loans, or business only credit type loans to avoid revealing their personal bad credit. Simply because a lender requires that an investor uses a personal guarantee is not always a bad thing.

Our most popular unsecured line of credit for investors is a bank unsecured line of credit that requires a 700 FICO to obtain but does not require proof of income. This is a very powerful loan to obtain simply because, the person who with the 700 FICO can be added to the business entity to facilitate the loan. So in a nutshell it works like this. Investor builds a business entity, finds a person with a 700 FICO but no cash to invest, a partnership a merge is, and the business gains $100,000 credit line.

Homeowner begins the process the second day find that they are going to be in foreclosure and not save their home. They spend the next 4 to 6 months building corporate credit, so they may use the credit to help transition their household and their life to a new home. Homeowners can start secondary businesses that can obtain $50,000 in credit lines that can be used for many things. An example would be, homeowner obtains a Home Depot credit line, seeks out a fixer-upper property, negotiates a "lease to own'" that is extremely favorable to the both owner and the new homeowner, uses is credit line to fix up the property they're about to move into, thus not having to put a down payment towards the property for purchase, everybody wins.

Jack has been teaching small business owners and entrepreneurs the most effective methods to establish business credit using affordable tools without spending thousands. Visit Jack site to learn more about unsecured line of credit and what it can do for you.

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Earned Income Tax Credit

Earned Income Tax Credit - Good News
By Virginia Thomas

WOW! I can't believe after all of these years the Internal Revenue Service has finally realized some people have more than two children. For everyone who has claimed earned income tax credit before you know the maximum credit you could receive was for two kids with a maximum of approximately $4k per year.

This year the law has changed and now you can receive credit for three children. I know that's exciting for someone with more than three children; however, it's a start it has taken a very long time for us to get to this point. When my children were small and my income was in the $15k dollar range I could only receive credit for two. I didn't think it was fair since I had three mouths to feed and clothed with a small income.

Now the other good stuff the salary range has increased if you had more than three kids living with you and you made less than $43,279 you may be able to take the credit. Let's look at an example:

Let's say Jane had three kids and her EARNED income from working was $12,700 and she paid $1,905 in taxes for this example her refund would be:

Earned Income Tax Credit - $5,657
Federal Income Tax Withheld - $1,905
Total Refund: $7,562

Remember, this is just an example; but, that was a great refund to me anyway. Before claiming the credit make sure you meet all the requirements.

We are your one stop shop for all of your tax, notary, document preparation and loan needs. You may contact us at (310) 219-2078 or promptbookkeepingtax.com [http://promptbookkeepingtax.com/]. We look forward to speaking with you.

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Rebuild & Keep Good Credit Ratings by Understanding Your Credit Cards

Rebuild & Keep Good Credit Ratings by Understanding Your Credit Cards
By David Hall

Secured Credit Card is similar to a prepaid credit card since the funds you are using are actually yours and not the issuer of the credit card. Generally people who apply for secured credit card or prepaid credit card are people with poor credit or unemployed. Prepaid Credit Card spending limit is the amount of money you loaded to the card. There are no interest or finance charges on a prepaid card. With secured credit card, your credit line could be from 50% to 100% of your deposit depending on the institution giving you the secured credit. Therefore the company giving you the secured credit card has zero risk.

Secured credit card can be very beneficial because it gives you an opportunity to rebuild your credit history and you are able to make purchases just as if you had an unsecured credit card. Many companies require that you have a credit card to make purchases, such as car rental, airline tickets, etc. Ensure that the company issuing the secured credit, routinely reports customers' payment history to any of the three main credit bureaus namely Experian, Equifax and Trans Union. This reporting to the credit bureaus will rebuild your credit history over time.

Closing unnecessary accounts and consolidating your bills to make payments more manageable could be an advantage financially. By not applying for too much credit within a short period of time is another factor that will help in rebuilding your credit rating. Additionally, even though secured credit is like prepaid cards, they do have certain fees attached.
Benefits are similar to that of an unsecured credit card, such as usually being paid interest on your balance in the bank, using Automated Teller Machines (ATM) to make deposits, withdrawals, and making purchases at participating merchants. Following the above steps will strengthen your credit rating.

Unsecured Credit Cards are issued to individuals with good to excellent credit rating. Credit ratings depend on certain criteria, such as one's ability to repay loans. These criteria include payment history, employment history, and financial stability. Individuals with excellent credit will most likely receive a lower interest rate. A major factor in maintaining excellent credit is making your loan payments on time thus avoiding late fee penalties.

Customers should read the credit agreement to ensure that they understand their obligation to the creditor. Making payments on time will strengthen your credit rating. Unsecured credit cards has numerous advantages such as low interest rates, high credit limit, business name options, no annual fees, and low APRs on balance transfers up to 12 months. Closing unnecessary accounts and consolidating your bills to make payments more manageable could be an advantage financially. By not applying for too much credit within a short period of time is another factor that will help in maintaining a good credit rating.

Rebuilding your credit takes time, patience, and consistency. If you consistently pay your bills on time, you will see an improvement in your credit ratings over time. There are no quick fixes for improving your credit report except for mistakes or inaccuracies that can be corrected, hopefully in your favor. Your credit information is maintained by the credit bureaus namely Experience, Equifax, and Trans Union for seven years. Therefore poor credit information will remain on your report for seven years. The good thing is that as negative information disappears with positive information, this will definitely rebuild your credit rating.

Applying for secured credit card can be very beneficial because it gives you an opportunity to rebuild your credit history, and you are able to make purchases just as if you had an unsecured credit card. Many companies require that you have a credit card to make purchases, such as car rental, airline tickets, etc. Ensure that the company issuing the secured credit, routinely reports customers' payment history to any of the three main credit bureaus namely Experience, Equifax and Trans Union. This reporting to the credit bureaus will rebuild your credit history over time.

Business Credit Card
Business credit cards are very popular for small business owners because of the many benefits they offer. Benefits includes 0% Intro APR on balance transfers, no annual fees, high credit limit, low interest rates, cash rewards, bonus miles, free online account management to choosing card design etc., At iCreditOnline.com we have some of the best business credit cards from American Express, Advantage, Chase, Bank One, Bank of America, Discover, Citibank, Household Bank and more, with online credit card approval. Why waste time going to a bank when you can get a decision in less than 60 seconds with secure online credit card application. Online Credit Card Approval with Online Credit Card Application is fast and easy!

Student Credit Card

Having a student credit card while still living at home or attending school away from home can be an advantage. It gives the student the opportunity to establish credit at an early age and to start asserting their independence. It comes in handy in case of emergency, it is less trouble and safer to carry a student credit card than to carry cash. Parents find student credit cards to be very convenient. They are able to make deposits to their children's account while they are away from home. Students should be careful with their credit card receipts to avoid identity thief.

If you consistently pay your bills on time, obtaining students credit cards is a good way to established credit rating and start building a good credit history while in school. Establishing and maintaining a good credit rating will make it easy to purchase a car, a home or obtaining a personal loan in the future. For students who are not committed to their financial obligation, getting a student credit card is not a good idea. Running up balances, finding yourself in debt, unable to make monthly payments will destroy your credit rating.

Student's credit cards generally have high interest rates. At iCreditOnline.com we offer some of the best student credit cards from Chase and Discover with 0% APR introductory rate for 6 months, no annual fees and online account access. Online credit card approval with online credit card application is fast and easy!

Explanation of some of the credit cards we offer:

0% Intro APR Credit Card or Balance Transfer Credit Card gives you the benefit of using this credit card without making any interest payment on the principal for a stated period of time. This credit card is marketed to individuals with good credit rating who want to transfer balance from a high interest credit card to a 0% intro APR credit card.

Cash Rewards or Cash Back Credit Card earns a percentage on purchases made. This reward or cash back is credited to your account.

Debit Card takes the place of carrying a checkbook or cash. This card is used like a credit card with certain limitations, such as not being able to rent a car. Purchase transactions are contingent upon having enough funds in your checking or savings account to cover the purchase. Verification of funds requires entering your Personal Identification Number (PIN) at a point-of-sale terminal.

Low interest credit card saves you money. Having a good credit rating qualifies you for some of the best low APR credit card offers.

Prepaid Credit Card spending limit is the amount of money you loaded to the card. There are no interest or finance charges on a prepaid card. Therefore the company giving you the prepaid credit card has zero risk. Generally people who apply for prepaid credit card are people with poor credit or unemployed.

Secured Credit Card is secured by the amount of funds you have in your account. Your credit line could be from 50% to 100% of your deposit depending on the institution giving you the secured credit.

Unsecured Credit Card is issued to individuals with good to excellent credit rating. Credit ratings depend on certain criteria, such as one's ability to repay loans. These criteria include payment history, employment history, and financial stability. Individuals with excellent credit will most likely receive a lower interest rate and can receive instant online credit card approval. A major factor in maintaining excellent credit is making your loan payments on time thus avoiding late fee penalties.

Travel Rewards Credit Card benefits may include travel accident insurance, free rental car collision/loss damage insurance, rebate on gasoline purchases, frequent flyer points or bonus miles towards airline flights, free quarterly and annual account summaries.

David Hall owns http://www.iCreditOnline.com. He offers free downloadable, high quality guides on credit repair, credit ratings, credit scoring, debt consolidation and more. He has tools for finding a wide range of financial services including secured and unsecured cards, student and business cards, auto loans, and more from the most reputable companies in the industry. You can also compare multiple credit card offers, securely complete an online credit card application, and receive a credit decision in at least 60 seconds. Visit David's site today: http://www.iCreditOnline.com

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Groobix Internet CRM and Marketing Software Review

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