- Check you report.
- Pay your creditors.
- Speak with your creditors.
- Cut back on expenses.
- Avoid new debts.
- Stay current with your payments.
- Use new credit to rebuild bad credit.
Resources for YOU:
Sunday, July 31, 2011
How to Replace Bad Credit with Good Credit
Thursday, July 28, 2011
How to Obtain A Credit Card Despite Bad Credit
In this article, let’s discuss some tips on how you can get the best credit card despite having an unimpressive credit and how you can use it as a tool to regain a good credit standing.
- Get a secured credit card.
- Watch out for “deceiving” credit card offers.
- Apply for a credit card from your personal bank.
Resources for YOU:
Wednesday, July 27, 2011
Can You Buy A House with Bad Credit?
Can you buy a house if you have bad credit? The truth is, getting approved for a mortgage loan can be very difficult if you have bad credit. Most lending companies have strict credit requirements and if your credit score is below average, your loan application can be immediately rejected.
Nonetheless, it is not impossible to get financed if you can find a subprime mortgage lender. Yes, there are lenders in the market today who cater to the bad credit market. Some of these lending companies offer special loan programs for customers with bad credit history. Is there a catch?
Read more Can You Buy A House with Bad Credit?
Nonetheless, it is not impossible to get financed if you can find a subprime mortgage lender. Yes, there are lenders in the market today who cater to the bad credit market. Some of these lending companies offer special loan programs for customers with bad credit history. Is there a catch?
Read more Can You Buy A House with Bad Credit?
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Tuesday, July 26, 2011
Acquiring a Bad Credit Home Equity Loan
Know What to Expect
Lending companies offer their best deals to customers with exemplary credit history and credit score. Obviously, customers with imperfect credit history or poor credit score will have limited options. Lenders who offer loans to bad credit borrowers generally charge higher interest rates to make up for the risk. But this does not mean you should settle with an unfair deal.
GOOD READ: Should You Buy A House with Bad Credit?
Borrow Only What You Can Afford
With a home rquity loan, it is possible to borrow a higher sum of money as long as it does not exceed the equity of the collateral submitted. People with good credit can be extended up to 80% of their home’s equity while those with bad credit might be offered at least 50% or a bit higher.
TIPS: Acquiring Bad Credit Personal Loans
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Monday, July 25, 2011
Technical Forecast for the Week Ahead
Investors and traders often ask me: 'Simon, why don't you allow a sneak peak at your Technical Forecast so I can see if it's for me?'
The simple reason we generally don't make the practice of 'previews' is to reserve the information in regard for those who are paying for the forecast. Having said that, I think that this week's forecast is a nice sneak peak without giving away the farm.
Below is the entire Technical Forecast for the week ahead published on July 17, 2011 (charts featured in this article are reduced due to upload restrictions):
In addition to all the 'normal' news, Wall Street will be focused on two developments this week: Earnings and the debt ceiling negotiations.
Read Full News
The simple reason we generally don't make the practice of 'previews' is to reserve the information in regard for those who are paying for the forecast. Having said that, I think that this week's forecast is a nice sneak peak without giving away the farm.
Below is the entire Technical Forecast for the week ahead published on July 17, 2011 (charts featured in this article are reduced due to upload restrictions):
In addition to all the 'normal' news, Wall Street will be focused on two developments this week: Earnings and the debt ceiling negotiations.
Read Full News
Resources for YOU:
Sunday, July 24, 2011
What Factors can pull My Credit Score Down?
Your credit score is an important number. Why? It is used by creditors and lenders to gauge your credit worthiness. Thus, you need to protect your credit rating as much as you can. You need to consistently monitor your credit records with the three credit report bureaus. You need to maintain its accuracy and credibility. In so doing, you can protect the financial prospects and credit options that you might take in the future.
But what factors can pull your credit score down? What should you do to prevent your credit score from sliding down? You will find the answers to these questions in the remainder of this article.
Factors that Can Hurt your Credit Score
But what factors can pull your credit score down? What should you do to prevent your credit score from sliding down? You will find the answers to these questions in the remainder of this article.
Factors that Can Hurt your Credit Score
- Late Payments.
- Not paying at all.
- Filing bankruptcy.
- High credit card balances.
- Applying for several credit cards or loans.
Resources for YOU:
Thursday, July 21, 2011
Express Scripts buying Medco for $29.1B
The top two U.S. companies managing prescription drug benefits are uniting in a $29.1 billion deal they say will help achieve key goals of the health care overhaul: reining in costs and improving patients' health.
Express Scripts Inc. announced an agreement Thursday to buy rival Medco Health Solutions Inc. Together, they would handle the prescriptions of about 135 million people, more than one in three Americans.
That will give them even more clout in demanding discounts from drugmakers, who are dealing with falling or stagnant revenue as an unprecedented number of blockbuster drugs taken daily by millions is getting cheaper generic competition.
Read Full News
Express Scripts Inc. announced an agreement Thursday to buy rival Medco Health Solutions Inc. Together, they would handle the prescriptions of about 135 million people, more than one in three Americans.
That will give them even more clout in demanding discounts from drugmakers, who are dealing with falling or stagnant revenue as an unprecedented number of blockbuster drugs taken daily by millions is getting cheaper generic competition.
Read Full News
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Wednesday, July 20, 2011
Tips on How to Rebuild Bad Credit History
So, are you battling with bad credit? If your answer is yes, then it will be good to follow the tips provided below. These will help you to succeed in rebuilding your credit history.
Tips for Rebuilding Credit History
- Get your Latest Credit Report.
- Apply for a bad credit credit card.
- Use your credit account responsibly.
- Seek professional help.
Resources for YOU:
Tuesday, July 19, 2011
Rupert Murduch Attacked During Hearing
Where is the security for a public hearing? Instead of making Murduch a bad person, it actually will gain some sympathy on how he has handled the hearing.
Rupert Murdoch, the media mogul under fire for a growing phone-hacking scandal that has upended his empire, admitted to British MPs on Tuesday: "Today is the most humble day of my life."
The billionaire News Corp. founder and his son James testified before a committee of Parliament investigating the scandal, which has escalated in recent weeks to include allegations of bribery and corruption and forced the resignation of top officials at News Corp., Scotland Yard and even the office of Prime Minister David Cameron.The elder Murdoch said the hacking by News of the Worldjournalists is "a matter of great regret" to everyone at the company.
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Monday, July 18, 2011
The Right Times to Check your Credit Report
For others, they only check their reports when they need to seek credit lines. They only bother to review their credit records so that they can negotiate lower rates and higher credit limit on personal loans and credit card programs.
But when should we really check our credit reports? How often should we request for our credit records? This article will provide four specific times when you should request for your records from any of the three credit report bureaus.
Four Times When You Need to Check Credit Records
- You are preparing for a major credit based purchase.
- Your application for a loan has been denied.
- You suspect that your identity has been stolen.
- You want to repair bad credit.
Resources for YOU:
Thursday, July 14, 2011
Stock rally weakens as hopes dim for more stimulus
Comments from Fed Chairman Ben Bernanke set off a stock market rally early Wednesday, but it wasn't long before another Fed official helped cut it short.
In testimony before Congress, Bernanke said the central bank would be open to new economic stimulus measures, but only if the economy gets much worse. The remarks were far from a promise for more Fed action, but markets reacted immediately nonetheless. The Dow Jones industrial average jumped as many as 164 points, or 1.3 percent.
Most of those gains evaporated later in the day after Federal Reserve Bank of Dallas President Richard Fisher said in a speech that the Fed had already "pressed the limits of monetary policy."
Read Full News
In testimony before Congress, Bernanke said the central bank would be open to new economic stimulus measures, but only if the economy gets much worse. The remarks were far from a promise for more Fed action, but markets reacted immediately nonetheless. The Dow Jones industrial average jumped as many as 164 points, or 1.3 percent.
Most of those gains evaporated later in the day after Federal Reserve Bank of Dallas President Richard Fisher said in a speech that the Fed had already "pressed the limits of monetary policy."
Read Full News
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Wednesday, July 13, 2011
Restore Your Credit Reputation Right after Bankruptcy
Many people succeeded in their quest to bounce back after bankruptcy. As soon as their bankruptcy case closes, they immediately start rebuilding their credit. And after employing steps towards restoring their credit worthiness, they are able to improve their credit and financial prospects. Yes, all their efforts paid off.
You too can succeed in restoring your credit reputation right after a bankruptcy. How can do so? By employing the effective tips enumerated below.
Tips to Restore Credit Reputation
- Be optimistic.
- Learn from your credit mistakes.
- Clean up your credit records.
- Get a new credit account.
Resources for YOU:
Tuesday, July 12, 2011
Florida Resident Sentenced in Scheme to Defraud the U.S. Export-Import Bank of Approximately $1 Million
WASHINGTON, July 11, 2011 /PRNewswire-USNewswire/ -- The Office of Inspector General (OIG) for the Export-Import Bank of the United States (Ex-Im Bank) announced today that on June 27, 2011, Jose L. Quijano of Aventura, Fla., was sentenced to 46 months in prison for his role in a scheme to defraud Ex-Im Bank of nearly $1 million. The sentencing caps ongoing investigative efforts by the Ex-Im Bank OIG to investigate fraudulent loans and exports to borrowers in South America and elsewhere.
Quijano, 43, was sentenced in absentia by Judge Adalberto J. Jordan in U.S. District Court in Miami to an additional 36 months of supervised release and was ordered to pay $956,251 in restitution. Quijano pleaded guilty on February 9, 2011, to a criminal information that charged him with conspiracy to commit wire fraud in connection with a scheme to defraud Ex-Im Bank of approximately $956,000. Quijano fled from pre-trial release on June 7, 2011 and is currently a fugitive.
Read Full News
Quijano, 43, was sentenced in absentia by Judge Adalberto J. Jordan in U.S. District Court in Miami to an additional 36 months of supervised release and was ordered to pay $956,251 in restitution. Quijano pleaded guilty on February 9, 2011, to a criminal information that charged him with conspiracy to commit wire fraud in connection with a scheme to defraud Ex-Im Bank of approximately $956,000. Quijano fled from pre-trial release on June 7, 2011 and is currently a fugitive.
Read Full News
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Monday, July 11, 2011
Florida Resident Sentenced in Scheme to Defraud the U.S. Export-Import Bank of Approximately $1 Million
WASHINGTON, July 11, 2011 /PRNewswire-USNewswire/ -- The Office of Inspector General (OIG) for the Export-Import Bank of the United States (Ex-Im Bank) announced today that on June 27, 2011, Jose L. Quijano of Aventura, Fla., was sentenced to 46 months in prison for his role in a scheme to defraud Ex-Im Bank of nearly $1 million. The sentencing caps ongoing investigative efforts by the Ex-Im Bank OIG to investigate fraudulent loans and exports to borrowers in South America and elsewhere.
Quijano, 43, was sentenced in absentia by Judge Adalberto J. Jordan in U.S. District Court in Miami to an additional 36 months of supervised release and was ordered to pay $956,251 in restitution. Quijano pleaded guilty on February 9, 2011, to a criminal information that charged him with conspiracy to commit wire fraud in connection with a scheme to defraud Ex-Im Bank of approximately $956,000. Quijano fled from pre-trial release on June 7, 2011 and is currently a fugitive.
Resources for YOU:
Sunday, July 10, 2011
Simple Tips on How You can Get a Car Loan after Bankruptcy
But this idea is false! There are people who are able to re-establish their credit reputation even after messy bankruptcy cases. They employed tips and techniques on how they can improve their credit scores. They secured new credit accounts, like car loans and bad credit personal loans to rebuild their credit. And this decision proved to be worthwhile. They emerged victorious from their financial troubles and they fully recovered their credit health.
Tips in Getting Car Loans after Bankruptcy
- Obtain your Credit Report.
- Pay all your bills on time.
Resources for YOU:
Thursday, July 7, 2011
Supreme Court asked to weigh payday loans case
MADISON -- A panel of Wisconsin appellate judges asked the state Supreme Court on Thursday to decide when interest rates on payday loans become excessive.
The case marks the first time Wisconsin courts have faced the question of whether state statutes permit judges to determine when interest rates on short-term loans are too high, the 4th District Court of Appeals wrote in its request. The Supreme Court is best suited to make a ruling since any decision will have a statewide impact on consumer credit transactions, the appeals court said.
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The case marks the first time Wisconsin courts have faced the question of whether state statutes permit judges to determine when interest rates on short-term loans are too high, the 4th District Court of Appeals wrote in its request. The Supreme Court is best suited to make a ruling since any decision will have a statewide impact on consumer credit transactions, the appeals court said.
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Wednesday, July 6, 2011
Improve Your Credit Score with these Proven Tips
But sadly very few people are able to maintain excellent credit ratings. The recent financial crash inflicted damaging effects on the finances of a lot of individuals. The financial crisis made it inevitable for most of us to seek high interest credit lines, just so we can provide for our families. But these high interest debts proved to be very difficult to pay back. Eventually, we found it unavoidable to skip on some of our monthly payments. And this instantly backfired on us, in the form of bad credit records.
Still, it is not yet too late to improve your credit score. You still have the chance to repair bad credit history. It is possible for you to rise above all your credit problems and regain credit worthiness. How can you do this? By following the tips we have given below.
Tips on Improving Credit Scores
- Know your score.
- Get a credit card.
- Take advantage of automatic payments.
- Use your credit cards lightly.
Resources for YOU:
Tuesday, July 5, 2011
Stupid central banker tricks
The European Central Bank is meeting this Thursday and is widely expected to raise interest rates by a quarter of a percentage point to 1.5%. That would be the second rate hike by the ECB this year.
Sure, the austerity vote in Greece is good news since it could mean the worst-case scenario fears about a euro meltdown may not be realized.
But this isn't the end to the difficulties in Greece. Doesn't it seem just a bit odd that the ECB is contemplating more tightening at a time when there are still legitimate worries about the problems spreading to Portugal, Ireland, Italy and Spain? Moody's downgraded Portugal's debt to junk status on Tuesday.
Read Full News
Sure, the austerity vote in Greece is good news since it could mean the worst-case scenario fears about a euro meltdown may not be realized.
But this isn't the end to the difficulties in Greece. Doesn't it seem just a bit odd that the ECB is contemplating more tightening at a time when there are still legitimate worries about the problems spreading to Portugal, Ireland, Italy and Spain? Moody's downgraded Portugal's debt to junk status on Tuesday.
Read Full News
Resources for YOU:
Monday, July 4, 2011
With debit card swipe fees capped, new bank fees on horizon
After months of high-stakes lobbying, advertising campaigns and trash talk, bankers and retailers have finally found something they can agree on. They all dislike the Federal Reserve Board's decision to cap the fees retailers pay every time you swipe your debit card.
Last week, the Fed voted to cap the fees at 21 cents per transaction, up from an earlier proposed cap of 12 cents. Banks and credit unions say the cap is still too low to cover the cost of maintaining debit card networks. Retailers say the new cap is too high, particularly for small businesses with tight profit margins. The fee cap will take effect Oct. 1.
While the higher cap will reduce the financial industry's losses, it's still expected to cost financial institutions about $10 billion a year, says Robert Hammer, chairman of R.K. Hammer, a bank advisory and research firm. And banks have made no secret about how they'll recoup that money: with higher fees for everything from checking accounts to penny rolls.
Resources for YOU:
Sunday, July 3, 2011
Improve Your Credit Score Using an Unsecured Credit Card for Bad Credit
Unsecured bad credit credit cards allow you to enjoy the convenience of using a credit card while improving your credit score at the same time. If you are thinking of applying for unsecured bad credit credit cards, here are more good reasons to convince you:
- Improve your credit.
- No need for cash deposit.
- Quick approval.
- Use it like a regular credit card.
Read more Improve Your Credit Score Using an Unsecured Credit Card for Bad Credit
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