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Posts Tagged ‘Tips’

We have all seen the advertisements stating the average U.S. credit score is 678. Many people who see those ads start to wonder what their credit score is or even how they can improve their score. There is a lot of confusion out there on how to establish really good credit. Here I have listed 5 tips that will help you achieve a great credit score over time.

Tip #1: Pay your bills on time every time.
Your payment history makes up nearly 35% of your credit score. By missing payments or making late payments lenders may view you as not being responsible. This may result in being declined for a loan or receiving a higher interest rate on your credit card.

Tip #2: Have a mix of different types of credit.
Having a mixture of different types of credit accounts will also improve your score. It is suggested that consumer have up to 4 revolving credit accounts (credit cards, lines of credit) and 2 installment credit accounts (auto loans, personal loans).

Tip #3: Don’t max out your credit cards.
Be careful not to approach the credit limits on your revolving accounts. Having balances of 50% or more of your credit limit will have a negative impact on your credit score. Lenders may think that you are borrowing more than you will be able to pay back. Try to only use 30% of your available credit.  Read more...

If it’s your first time to apply for a credit card, be careful with accepting any unsolicited offer that comes your way. If you don’t take care, you just might find yourself a victim of credit card fraud.

5 Tips on Wising Up to Fraudulent Credit Card Offers

Tip #1 Apply Directly to the Credit Card Issuer.
You might find yourself encountering an offer that says you’ll have an easier time applying and getting approved for a credit card through their help. Unless they work directly for the credit card issuer, no middleman representative or company can change your credit card application’s fate if it’s truly not meant to pass. The only thing that can improve your chances of getting approved is by improving your credit score and nothing else!

Tip #2 Bad Credit Matters…Negatively.
If someone tells you that he can get you a credit card that’s not only unsecured but with low interest rates as well, you’re getting your leg pulled by a con artist. Bad credit always matters, and they matter negatively. Credit card issuers never ignore the fact that you have bad credit no matter who you are. If you have bad credit but you want to have a credit card, your best bet is getting a secured one or one that’s specifically designed for people with bad credit.  Read more...

If you’re applying for a mortgage or any other kind of loan, it is important to have a solid credit score. If your credit score is low, you’ll be offered a much higher interest rate. If it is extremely low, you might not qualify for a mortgage or other kind of loan at all. Millions of people in the United States have low credit scores, and unfortunately, few people are working to change that. If your credit score is low, do all that you can to begin that climb toward a perfect score. Here are five tips you can use to start on that journey to better credit:

Tip #1: Close old accounts.

When your credit score is figured out, one of the things they take into account is your debt potential. Sure, you might not have much debt today, but if you wanted to, how much debt could you accumulate over the next few hours? For example, if you have three credit cards, each with a limit of ,000, your debt potential is ,000. That’s pretty high, even if you are only carrying balances on two of those cards and the total of those balances is under 0. So, if there are cards you are not using, close them. Don’t forget that store credit cards, like the ones they get you to sign up for in order to get a percentage off of your purchase, also contribute to this debt. Make sure that you close the accounts if you don’t want them – cutting up the card isn’t enough.  Read more...

When you divorce and your ex-spouse fail to maintain the joint accounts as promised, this could result to bad credit, which is not good for you. There are eight tips you must look at and take serious when you are going through the separation proceedings. You do this to protect your score and your good credit.

Divorce and credit tip 1

If you have joint accounts, and they are active during your divorce, make sure that you make all payments on time.

Divorce and credit tip 2

If there is an outstanding bill on one of your accounts, it could affect your score. Once the separation occurs, you should close all accounts that your spouse has access to.

Divorce and credit tip 3

To make sure there is no more use of these credit accounts, ask the creditor to convert the joint account into a single account.

Divorce and credit tip 4

Based on the law, the lender cannot close joint accounts after the divorce. Further, the accounts could be closed if you and your spouse request it. Be warn that the creditors do not have to convert your joint account into a single one. They can ask you to apply for a new one. They can also reject your credit application based on your credit report and score.

Divorce and credit tip 5

When dealing with a house that is owned by both parties, you may have to look into refinancing and selling the home out right.  Read more...

Although they have been going for years Traffic Exchanges still remain one of the most popular methods of free promotion for your web sites. The purpose of this guide is to simply show you some tips on getting the most out of them.

TIP 01: NEVER TRY TO SELL ANYTHING ON A TRAFFIC EXCHANGE

With so many scams on the Internet cheating people out of their money it is not recommended to directly sell your product on a Traffic Exchange. Instead you should use a capture page to capture their email address so you can follow up your prospects with information about you and your product. This helps to build trust and is more likely to get sales.

TIP 02: KEEP INFORMATION BRIEF AND TO THE POINT

People who use Traffic Exchanges are the ones who want to build up credits to display their own web sites which means they don’t want to stop on one page for too long. It is better to use a small page with enough brief information to encourage them to go to your main page. Capture their email address so they can receive the information in their mailbox to read later.

TIP 03: SET YOURSELF A REGULAR SURFING ROUTINE

Some people do little or no surfing on the Traffic Exchanges and wonder why they are not getting anywhere. Set yourself a target to surf between 20 minutes to an hour each day and those credits will soon build up.  Read more...