Why You Need to BORROW Money to Improve Your Credit Score

When most people think about improving their credit score, they think of paying down their debt and even going so far as eliminating their loans and credit cards so they cannot accumulate more debt. In fact, I just recently read some debt management advice that suggested credit card holders pay off their cards then cut them up and close the accounts. That's bad advice.

The first step (paying down debt) is a good practice to improve credit scores. No disputing that. Creditors like to see lots of "lending room" in your debt-to-income ratio -- they don't like to see maxed-out credit cards.

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Resources for YOU:

• Bad Credit Auto Loans
• Bad Credit Home Loan

S&P: U.S. Downgrade Increased Downgrade Risks For Other Entities

NEW YORK - Standard & Poor's downgrade of the U.S. sovereign credit rating last month increased downgrade risks for other global entities, including banks, the ratings agency said Thursday.

An article published by S&P's Global Fixed Income Research unit said the number of companies at risk of having their credit rating cut had risen by 14 to 465 as of Aug. 24.

The total remains below the peak of 1,028 in April 2009, S&P said, adding that some sectors were more stable than they have been historically. Banking, though, was among the sectors at risk, the agency said.

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Resources for YOU:

• Bad Credit Home Loans
• Bad Credit Payday Loans

How to Get a Home Improvement Loan with Bad Credit

If you have plans to improve or renovate your home, acquiring a loan can be just what you need to get started.  If you have good credit rating, you should have no problem finding a personal loan deal with affordable interest rate and flexible repayment terms.  But what if you have bad credit?  Does this mean you cannot get a home improvement loan?

The good news is that you can find lending companies that offer special loan programs for customers with bad credit history or low credit score.  However, there are some things you should remember when looking for a bad credit home improvement loan:

• Check your credit report.
• Consider a home equity loan.
• Get a co-signer.
• Compare bad credit loan deals.
• Think about repayment.
• Negotiate for a lower rate.

Resources for YOU:

• Bad Credit Home Loans
• Bad Credit Payday Loans