Credit Score For Dummies

If you are managing your debt with credit counseling or a debt management plan, will that count against you in the mortgage qualifying process?

Credit counseling vs. debt management programs

Credit counseling alone — that is, getting advice on budgeting and creating a plan for debt repayment — can only have a good effect on your credit. The fact that you are being advised doesn’t show up on your credit history, and reducing your credit card balances and paying on time improves your score.

However, some debt help firms put their clients in debt management plans (DMPs). DMPs work like this: You send the company a check each month, and they distribute the payment to all of your credit card companies.

Read more…

Tags: Counseling, Credit Counseling

No Comments yet »

There are plenty of firms which will really give short-term loans to those with subprime credit.

All any person desires to get this sort of loan is evidence of work ( or evidence that they can clear the loan ) as well as ID ( to provide proof that its them. There are so very many of them and all of them claim to offer you the best kind of education in the luxury of your room or office. Not only must the college be licensed, make sure that the course or programme you are signing up for is also commissioned. An commissioned college with a licensed course or programme will give you the very best education you ever desire.

Read more…

No Comments yet »

- Sears Holdings Corp. was dealt another blow Thursday when word spread that CIT Group Inc., a key lender in the retail industry, would no longer provide loans to suppliers shipping goods to Sears and Kmart. The news sent Sears shares tumbling as much as 6 percent Thursday before the stock recovered to close up 3.3 percent, at $34. Sears stock had been as high as $80 in October at the start of the critical holiday shopping season, when the company traditionally generates 30 percent of its annual revenue.

The volatile swing in Sears stock price Thursday signals how uneasy investors are about whether the retailer will survive its latest financial trouble.

Read more…

Tags: Longer Provide, Longer Provide Loans, Provide Loans, Sears

No Comments yet »

The Reserve Bank of India has acceded to the proposal by National Payments Corporation of India regarding removal of cash retraction system from ATMs.

The retraction system enables the machine to engulf the withdrawn currency by the customer, if it is not removed within a certain time period.

However, several complaints have been reported where people held some notes outside and when the machine has sucked in the currency they would claim for a refund. The decision is taken in the light to avoid any such instances from occurring.

The Executive Director of RBI, Mr. G. Padmanabhan said, “Of course due notice will be given to all customers.

Read more…

Tags: Atms, Retraction System

No Comments yet »

So, you lost your job in the 2008 recession. Times were tough, and you had to juggle some bills. Sometimes, unfortunately, even the best jugglers drop the ball. Equally as unfortunate is the damage that dropped debt can do to your credit rating. A credit card or loan payment that is 30 days or more late, is a negative mark on your credit rating. So, how long do you have to wait for bad marks to come off of your credit score?

The Bottom Line

The bottom line is – bad marks stay on your credit score for 7 years. There are some things you can do, however, to pile good marks on top of the bad score to redeem yourself.

DOLA
Your first step is to get a copy of your credit report. O

Read more…

No Comments yet »

Capital One made a big splash with their promotions for their Venture Rewards card. It is a rare event when a financial product actually lives up to its hype, yet the Capital One Venture card is in fact a rewards card that offers tremendous value. Now, Capital One is following up on this product with their Venture for Business card. It offers many of the same features as their consumer card in a product targeted at companies and sole proprietors.

With Capital One’s Venture Business card, cardholders earn two miles on every single dollar spent regardless of the purchase category. Each of these miles is worth one cent towards a statement credit for any travel expense. E

Read more…

Tags: Venture, Venture Business

No Comments yet »