Drug testing

Why Is It important!

Your credit is the most important thing you have other than your breathe. There are three types of people in this world. There are those who have excellent credit. Those who have OK credit and those who have bad or no credit. Yes each of the above individuals has there own trials to deal with. Let us start by defining what each of the above can and can not do.

Someone with excellent credit can get away with literally anything. The will get approved for new loans, they will get approved for a new car and even a business line of credit. The sky is the limit. The only thing they are lacking is the know-how to go along with the credit. Once they know how to tap into these sources, anything is possible.

A person with good to OK credit are on the border line. The may not always get approved for loans, business lines of credit and/or car loans. For such people it is a bit harder to get the thing they need because of what is on their crdit report. Here is a list of somethings that may decrease your credit score. Too many inquirees on you credit within a short time spand (usually 12 in 6 months). Late payment of bills and credit cards. Identity theft and many more. That is why it is important to obtain a copy of your credit report at least once a year. You must then Review it and clear up any thing that does not belong to you.

A person(s) with Bad or no Credit are in the same shoes. Having bad Credit is the same as having no credit. A person with bad credit will have to work three times as hard to get approved for a loan. The person(S) with no credit will have to put up some securities to get the loan. These securities can be in the form of cash (known as a secured loan). Other securities is a lien on somthing of value like a home or a car. After establishing or restablishing credit, It becomes easier for the individual to get credit without any securities.

To keep your credit in good standards, one must constantly pay all bills on time or before time. Then you must pay more than the minimum due to keep your balances on the decline. Do not co-sign for anyone other than your spouse. Review your credit report and challenge anything that is not related to you.

You can visit the National Credit Service on line and get up to date information on this matter. Each Town is different. Check your Municipal office for details.

Linton Gentles the president of Gentles Investments and Home Buyers Solutions. A 28 year old individual loves to share his knowledge with all who wants to learn.

limousine chicago service
In The News:

Check Your Credit Before Shopping For That Home Loan

Review Your Credit Score.Nearly every bank, credit union, and mortgage... Read More

Credit Cards Can Help You Get Out Of Debt

Your credit rating / credit score is based upon how... Read More

Simplifying Your Search For a New Credit Card

Today, selecting the proper credit card can be a bit... Read More

New Credit Advice: Dont Pay off Those Credit Cards!

Credit needed for real estate mortgage financing differs from credit... Read More

Free Credit Report ? Watch Out for Scams

Many people may still not be aware of an amendment... Read More

What To Look For In A Credit Card

When you are deciding what type of credit card to... Read More

All You Wanted to Know of Bad Credit

Martin Henderson is in a fix these days. Because of... Read More

The Hitchhiker?s Guide To Insanity

A new sickness is plaguing the UK called Denial. Denial... Read More

What is the Check 21 Act?

Check 21 is the common name for the Check Clearing... Read More

Understanding Credit Report Score

Understanding credit report scores is important when you see your... Read More

Credit Help For Renters And Others On The Horizon

Sue is a homeowner and pays her mortgage and other... Read More

Inflexible Friends and Plastic Assets, Why Money isn?t Buying Love Anymore

Consumers reject financial advice in favour of financial frivolityIt would... Read More

Low Interest Credit Cards: A Thing of the Past?

With interest rates rising, low or zero percent credit cards... Read More

Good Credit Is a Necessity for Everyday Living

Most of us want a good credit report to obtain... Read More

Myths and Truth about Credit Scoring

Credit score is the key factor determining approval of almost... Read More

10 Signs You May Need Credit Counseling

Debt management programs can be of real help for people... Read More

7 Compelling Reasons Why A Prepaid Debit Card May Be Just The Financial Tool You Need

Prepaid debit cards are great financial tools and may be... Read More

Credit Cards or Store Cards - Which Is Better?

Introduction In this article, a presentation is made of the... Read More

My Student Credit Card Adventure

And some practical advice too!My first credit card?I remember my... Read More

Credit Report Disaster Through Mistaken Identity

I've got some very important info I want you to... Read More

Making Sense of the Information in Your Credit Report

If you've ever applied for a credit card or loan,... Read More

The Truth About Credit

What you might not know about credit.Some people don't know... Read More

Credit Card Incentives

Credit card companies want your business. After all, lending money... Read More

Which Credit Bureau Should I Use To Check My Credit Report?

There are three main credit bureaus in the United States;... Read More

How to Deal with Hire Purchase Debt

WHAT IS HIRE PURCHASE/CONDITIONAL SALE?Although people often talk about "buying... Read More

cheap street lights aluminum street light pole Pete's produce ..