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10 Ways To Boost Your Credit Score

1. Deleting Errors in 48 Hours

This is the absolute fastest way to correct errors on your credit describe and raise your credit score. However, it can only be done through a mortgage company or a bank. If you apply for a home lend and find errors on your credit report, request the loan officer to conduct a Rapid Rescore. But don’t mistake it for the credit clinic tactic of multiple dispute letters.

The Rapid Rescore strategy requires proper paperwork. You need proof that the item is incorrect. It must come from the creditor directly. For example, a letter stating the account is not your account, a letter stating the been was paid satisfactorily, a release of lien, a satisfaction of judgment, a bankruptcy discharge, a letter for deletion of collection account or any relevant evidence.

This is the same documentation a bank or mortgage company would require for the credit accounts anyways. The difference is, now you can improve your credit score and receive a lower interest rate. The results are not guaranteed and will run you about $ 50 per account.

2. Deleting Negative Credit

This is the infamous area where you’ve heard of all the scams. Credit repair clinics charge “an arm and a leg” and promise a clean credit report. Sometimes even a new attributing profile! People spending hundreds, or even thousands, of dollars for something they tinning do themselves.

Removing errors is simple. Deleting negative credit that is accurate requires advanced methods. But that is not the scope of this report. So I’ll riveting on the deleting the negative errors.

Credit describe errors easily disappear by using a simple dispute letter. If you have the paperwork proving the error as mentioned above in Rapid Rescore, send copies of that along with the dispute earn. This will make the credit bureau’s job easier and you will get faster results.

If you don’t have the documentation to prove the error(s), send the dispute letter anyway. According to federal law, the credit bureau’s have a “reasonable time” to validate your claim. They will contact the creditor for verification of your dispute. Then the account will be reported accurately – or deleted. It has been generally accepted the “reasonable time” to complete this task is 30 days.

If you’re not the do-it-yourself kind of person. Or don’t have the time. You could hire someone who is very economical.

3. PiggyBack Someone’s Credit

This is a fast and great little credit score booster. But it requires a very trusting relationship. Simply put, someone else adds you to their credit account. For example, when applying for a credit card, you may have seen the section to add a card holder. If your trusting person adds you, their payment history is now reported on your credit report too. If they have perfect credit, now you have a perfect account.

To make this more effective, use an aged account. Imagine if your trusted person has a 10 year old credit card account with a perfect payment history and a balance of only 50% of the credit limit. Wouldn’t you love to have this on your credit report? Once done, do check your free credit report gov annually and more. Look for the changes. The easy part is your trusted person just calls the credit card company and requests a form to add a cardholder. Once completed and activated, their entire account history and future is now firmly planted on your account. Imagine if you secured 3-5 of these accounts – especially installment accounts. Your credit score could sky-rocket!

The challenging part? Finding the trusted person. Since you already have a low credit score and bad credit, how eager will someone be to make you a cardholder? Even your parents don’t want you to damage their credit. But, no one says you need to possess the card! In other words, your trusted person could add you as a card holder and never give you the card or PIN or any information. Since the bills and all account information is still mailed to the trusted person’s address, you won’t know anything about the account. This scenario could land you many trusted persons. And you still benefit with a higher credit score.

4. Playing Round Robin

This strategy is one of the oldest credit building techniques around. It used to be accomplished with secured savings accounts. But now, it’s much easier with secured credit cards. In fact, I’ve used this method myself.

Here’s how it works: Take ,000 (or what you can afford) and get a secured credit card. Once received, get a cash advance of 70% of your credit limit. Get a second secured credit card. Once received, get a cash advance of 70% of your credit limit. Get a third secured credit card. Once received, get a cash advance of 70% of your credit limit.

Open a new checking account with the final cash advance. Use this account only for making payments on your three new credit cards. If you make your payments on time every month, your credit score will increase because you now have three new perfect payment credit cards. (Initially, your credit score might drop a few points due to the rapid, multiple accounts being opened. However, be patient because within 4 months of no new accounts or any delinquencies of any account, you will see your credit score increase. Mine increased 60 points in 60 days!!)

5. Pay on Time

This one is quite obvious. But after 12.5 years in the mortgage business, I discovered it still needs repeating. Your creditors were gracious enough to loan you money. Now pay your damn bills! If you don’t, your credit score decreases. EVEN IF ONLY 30 DAYS LATE!

That’s right folks. For some reason people think, “I’m only a few weeks late. What’s the big deal?” Well, for the loan company, if you pay late but consistent, they make a lot more money with late fees and more interest (if a simple interest loan). For you, your credit score is damaged. If you think long-term and credit score, I’m certain you would not have a cavalier attitude.

6. Pay Down Debts

This seems like an obvious method, doesn’t it? But it is not as transparent as you might think. Remember, we’re playing with high-level statistics and probabilities which evaluates and forecasts trends in your behavior. Here’s what you do…

Never pay off your revolving debt in it’s entirety! Isn’t that a surprise? Think about it. Your credit score is a reflection of your ability to manage your credit. Paying off your debt is not managing your debt. If you have a zero balance, how can you manage it? You don’t. It no longer exists. And you cannot manage what does not exist, right? Therefore, in terms of credit score, you have demonstrated your ability to swiftly pay off accounts to avoid managing them. Thus, slightly decreasing your credit score.

One exception, of course, is if you’re over extended to begin with. Pay off what’s necessary to make your credit profile look great. Then manage the remaining credit.

7. Don’t Close Accounts

Even if you pay off revolving debts, do not close the account. The longer an account is open with no negative reports, the better it reflects in your overall credit score. This is due to the weighted-average in the credit score formula. Many credit experts suggest a balance of 30% of your credit limit. That’s ideal. But you can go as high as 70% and still maintain a healthy credit score.

8. No New Credit

You must be vigilant in your credit behavior if you want the best credit score. Therefore, do not get any new credit unless it is absolutely necessary. Each time you apply for credit, an inquiry is added to your report. This usually drops your credit score slightly. When you have fresh credit, there is no track record how you will manage (or pay) this account. Therefore, it’s a higher risk which results in a minor drop in your credit score. Remember, your credit score is about risk assessment.

Here’s what you do: obtain credit for your housing, transportation, college or continued education and 3-5 credit cards. That’s really all you need for personal credit. If you want more credit, request a credit limit increase on your current cards rather than apply for new ones.

9. Maintain A Mix of Credit Types

If you show you can handle different types of credit at the same time, you are rewarded with a great credit score. In other words, get installment loans like vehicle, personal loan or mortgage. Get revolving credit like credit cards: Visa, Mastercard, Sears, Sunoco Gas, Costco. By mixing it up, you demonstrate you can manage your credit because you will have short term and long term credit with a fixed payment. As well as a “variable” monthly payment on your credit cards.

Keep these accounts open with a balance of 70% or less and paid on time and you will witness your credit score climb to great heights.

10. Don’t File Bankruptcy or Foreclosure

Here’s the most obvious advice: Don’t file for bankruptcy or foreclosure. These stay on your credit report for 10 years and always decrease your credit score. The older the bankruptcy or foreclosure account becomes, coupled with re-built credit history, the less of an impact they play on your credit score.

Contrary to popular beliefs, you can legally delete a bankruptcy and foreclosure. It’s not easy.

If you’ve ever gotten a credit rating card or financing, you have actually probably had
your credit rating report evaluated by the lender. Your credit rating record has a massive effect on your monetary future, so it’s well worth your time to be certain that you understand what your credit report says concerning you. Even if you’re not thinking about getting credit report, your credit rating record could influence other areas of your life. Prospective employers view your credit history guide to evaluate your trustworthiness as an employee. Landlords often check the credit rating records of their occupants just before allowing them to authorize or revive their lease.So whether you

understood it or otherwise, your credit report could have a significant influence on
your top quality of life. With this said I make certain you can now view that there is a
advantage to getting and after that verifying that the info on your credit history
report is exact as well as true.You could ask for copies of your guide from the 3 major credit rating bureaus: Equifax, Experian, and TransUnion. A current modification to the federal Fair Credit report Reporting Act calls for each of these national
consumer-reporting firms to give you with a yearly complimentary duplicate of your credit history report after your request.Basically, your credit guide is a summary of just how you pay your expenses; repay financings; how much credit report you have readily available; just what your monthly debts
are; and also other kinds of information that can aid a prospective loan provider determine if you are a good credit history risk.Your credit record is made up of a number of areas. The very first part contains personal determining info such as your name, existing and also previous addresses, social safety and security number, phone number, birth date, and also your existing and also previous
employers.Your costs paying record with financial institutions, retail establishments, financing business,
home loan firms, and also others that have provided you credit rating is among the most fundamental parts of your credit guide
. Public records that may indicate your credit history value, such as tax obligation liens, court judgments, as well as bankruptcies are additionally included in the section describing your
credit report record. Your credit guide consists of a comprehensive list of all credit granters
and also various other individuals who have actually gotten a copy of your credit rating guide. In addition, listings of business that have actually obtained your name and address in order to supply you credit report are also consisted of in your credit history
report.Most credit history agencies enable both the consumer as well as the lender to make declarations if there
is a dispute concerning something on the record. If applicable, your credit guide will certainly include these disagreement statements.Your credit record does
not include financial account equilibriums, race, religious beliefs, health, rap sheets,
driving documents, or annual earnings. You have actually probably found out about

a FICO credit report too. Credit report are based on solutions that utilize the details in your guide, but they’re not considered part of your credit report report.Problems with your credit history record will result in you either being rejected credit or obtaining a greater
interest price. Warning on your credit history guide consist of extreme applications for extra credit report, a brief

credit report, a high debt ratio, and also late repayments to previous lenders
. Most of the times, unfavorable info will certainly remain on your report
for 7 years. Nevertheless, bankruptcy information remains on your credit history report for 10 years.To aid boost your credit guide, constantly remember to close unused accounts,
pay your expenses promptly, never ever make use of all of your available credit report,
as well as do not obtain needless credit. If you wish to get

even more free credit rating guide [] info you can visit our site which contains several credit rating guide [.

] resources. [] This post is copyright 2005, yet can be freely reprinted, as long as no adjustments are made, including hyperlinks.Article Source:

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Lydia asks Dave for suggestions about how to repay the woman figuratively speaking quicker.
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Seattle, WA (PRWEB) December 19, 2014

It is the best time to acquire a new automobile. Car dealerships are supplying end of the year sales and also incentives to consumers through the end of the year. The no credit report check automobile lending institution, Complete Auto Financings, is sharing the leading auto dealership this month in the Las Vegas Location. Centennial Toyota is the top automobile dealership this month.

. Get approved for an auto loan in just 60 seconds: . With a 4.2 celebrity rating as well as 227 client testimonials,

Centennial Toyota is the excellent car dealership for your following vehicle acquisition. Total Auto Financings likewise supplies instantaneous approval vehicle lendings, without any credit history check. Utilizing the 60-second online application, applicants could obtain a car financing, no matter credit history, immediately. . That can help customers save much more, Complete Vehicle Fundings additionally provides an on the internet credit history device that has actually saved

lots of borrowers hundreds of bucks. After completing the 60-second auto loan application on their site, customers will certainly be provided yet one more opportunity to conserve thousands of dollars on their financing. To learn more, browse through Comprehensive Vehicle Lendings site. . Regarding Total Car Financings . Full Car Lendings is a Seattle-based firm that is dedicated that can help their clients obtain national car financing. They layout as well as develop tailored no credit report financing, bad and good credit report financings. Voted the very best for”High quality Client service”and”Finest National Solution” by hundreds of people, their finance specialists concentrate on providing their clients with the following: information and also devices readily available for different financing features, how to decide on the most effective lending that suits their spending plan, and also relevant qualification tips. .

. . . .

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When you want to start fixing a bad credit file, you should bear in mind that anything that needs attention but is ignored can backfire and ruin the whole repair process. Just think of the fact that you have three versions of credit reports: Experian, Equifax and Transunion. Knowing that your file are three-fold, you should never ignore giving adequate and equal attention to all of them when fixing damages done to your rating.

The three bureaus operate independently in spite of the fact that they function for the same purpose which is to gather reports made by information furnishers of different banks and other lenders and translate it into your score.

When you begin fixing your file, pay attention to all three versions and look out for errors and negative accounts that may have slipped in either by your own making or as a result of an error from either the creditor or the reporting bureau.

What you’ll do once you have all the negatives figured out is to separate the wheat from the chaff. What this means is that you’ll give priority to the most recent of the negatives first because they have more damaging effect on your file. You want to pay attention to the most damaging accounts next. These are entries such as foreclosure, bankruptcy, repossession. You’ll follow that order until you get to the least damaging entry.

However, note that if you have an inquiry or collection that has just been entered into your report recently and you also have a foreclosure, you will be giving preferential attention to the inquiry or collection. This is because their effects will weigh-in on your score significantly compared to a foreclosure that is about 6 or 7 years old on your file whose effect has worn-off greatly.

Once you have the negatives figured out and have classified them according to the intensity of damage they can cause, you should begin fixing them immediately. Use either a restoration kit if you can repair your own file or consult a repair agency.

Visit do-it-yourself-credit repair or credit repair services to learn more on raising your credit score 200+ points to get approved for car, home and credit card loans.

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San Diego, CA (PRWEB) December 16, 2014

Mortgage rates were more or less unchanged yesterday, with CA mortgage rates holding steady near 2014 lows. Blue Home Loans, Inc., a full service California mortgage company that has been helping its clients to find the best home loan programs, the lowest wholesale mortgage rates, and the highest possible savings on their homes, takes a look at the factors surrounding current mortgage rates and offers some advice for those have home loan plans for the near future.

Mortgage News Dailys report for December 15th says of the situation, Mortgage rates held steady today on average, but were slightly higher or lower depending on the lender. In either case, there hasn’t been much movement from Friday’s latest rate sheet offerings. That leaves 3.875% intact as the most prevalent conforming 30yr-fixed quote for top tier scenarios. 3.75% is very close and 4.0% is now clearly in 3rd place. 15yr loans haven’t been performing as well recently–gaining less ground on good days and losing more on bad days compared to their 30yr counterparts.

So what is keeping mortgage rates precariously perched at their current levels. The same article from MND continues, The financial markets underlying mortgage rate movement continue coping with an abnormal set of variables. While there may not be any true “normal” when it comes to markets, there are certainly more ‘average’ times which account for 80% or so of past precedent. During those average times, interest rates take a majority of their cues from the incoming economic data. There were several economic reports this morning, but markets instead followed market drama overseas. This helped bond markets (which have the most direct effect on loan rates) battle back to Friday’s best levels in the morning. Once overseas markets were closed, domestic bond markets began weakening again, preventing lenders from dropping rates any further.

Blue Home Loans explains that while European markets have been affecting mortgage rates to a great degree, this does not mean that borrowers should ignore domestic economic data, which can still be a big motivator when it comes to mortgage rate movement. Those who are getting ready to lock in their rate soon should keep an eye on this, especially after Wednesdays FOMC announcement, after which there may be a greater risk for rates to bounce back up again, even if they do get lower in the long run.

Blue Home Loans can help California borrowers who are looking for the best rates, lenders and loan programs to find exactly what they need so that they can take advantage of todays lowest mortgage rates and save money on their loans. As the Blue Home Loans website states,

We make finding a loan simple because we have virtually every loan program available, regardless of the type of mortgage you are looking for. Whether you are dealing with bad credit, foreclosure, bankruptcy, or low credit scores, we can help you. It only takes us five minutes to find the right program that fits your needs.

For more information on how Blue Home Loans can help California home loan borrowers get approved for their home purchase loan or refinance quickly, please visit or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.

California Bureau of Real Estate — BRE #01938557 NMLS #1162386

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San Diego, CA (PRWEB) December 12, 2014

It was a volatile day for bond markets yesterday. But luckily, thanks in most part to European markets informing domestic trading, mortgage-backed securities (MBS) held their ground and as a result, the end of the day saw mortgage rates settle back in at 18 month lows. Blue Home Loans, Inc., a full-services California mortgage company that is dedicated to finding the lowest mortgage rates and the best loan products for its clients, comments on this recent rate trends and offers some insight that may be helpful for California borrowers seeking to buy a new home or refinance their current one.

The company takes a look at the December 11th report from real estate news website, Mortgage News Daily. This article says, Mortgage rates didn’t move much today, depending on the lender. Lenders that reissued improved rate sheets yesterday afternoon are generally in the same territory or slightly worse. Lenders that did not reprice yesterday are slightly better today. On average, rate sheets are close to ‘unchanged’ with 3.875% remaining the most prevalently quoted top tier, conforming, 30yr fixed rate. Lower rates are available, but require higher upfront fees.

That same article goes on to explain, The fact that rates held steady today is a welcome development considering the market headwinds. The mortgage-backed-securities (MBS) that most directly influence mortgage rates tend to suffer in the face of stronger economic data, and this morning’s Retail Sales report was very strong. While that did cause weakness in MBS initially, it wasn’t the only factor in play. As has been the case frequently in 2014, European markets were informing domestic trading until mid-day.

Blue Home Loans explains that weakness in European markets will often spill over to domestic bond markets and in some cases cause rates to go lower, or at least keep them from getting much higher, which was the case earlier this year when European concerns served as something of a wet-blanket, keeping rates from rising too high. This influence seems to have grown to the point where it often seems to trump domestic economic data when it comes to mortgage rate influencers, even very weighty data such as the monthly jobs report.

However, this does not mean that borrowers are always on safe ground when it comes to waiting around for the right time to lock in a good mortgage rate. It is important to keep in mind that without this influence from across the sea, mortgage rates might otherwise be at quite different levels right now. This means that if and when European markets turn a corner, domestic rates may have a lot of catching up to do. This and the fact that mortgage rates are expected to increase in 2015 means that those who have home loan plans but have not acted on them yet might want to get serious when it comes to starting their loan application so that they will have the option to lock in the best loan rates available.

The Blue Home Loans team of mortgage professionals can help those who are planning to purchase a home in California, or those who already have a home and wish to refinance their mortgages, to take advantage of todays lowest California mortgage rates and get the best possible loans for their specific mortgage situation. The Blue Home Loans website states, We make finding a loan simple because we have virtually every loan program available, regardless of the type of mortgage you are looking for. Whether you are dealing with bad credit, foreclosure, bankruptcy, or low credit scores, we can help you. It only takes us five minutes to find the right program that fits your needs.”

For more information on how Blue Home Loans can help California home loan borrowers get approved for their home purchase loan or refinance quickly, please visit or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.

California Bureau of Real Estate — BRE #01938557 NMLS #1162386

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