|
|
|
|
How To Build A
Lender-Friendly Credit Report
|
The most important thing you can do when beginning to build up your
good credit is to always pay your bills on time and to never, ever borrow
more than you can afford to pay back. It sounds simple, but unfortunately,
credit is enticing and it really quiet simple to get in over your head.
And those no money down and pre-approved credit card offers can send
us straight down the dark credit road! It’s essential when building
a healthy credit report that you remember your long term goals, and
resist that instant gratification.
Today, having good credit means more than ever. It has always had the
ability to affect your ability to get a car, a house, rent an apartment,
or be approved for personal loans or credit cards. However, now more
employers are looking at credit reports as part of background checks,
and insurance companies are considering them when deciding whether or
not to extend coverage.
Having good credit means you have established credit, which stated simply
means that you have borrowed money or used a credit card and then re-paid
it in a timely manner and not extended your credit limits. Additionally,
it means not overextending yourself and applying for credit that you
won’t be able to pay back. One little tip; don’t “shop” for credit because
every time you apply for a credit card it shows the action as an inquiry
on your report. Too many of those make you look like a high risk to
other lenders!
As a young adult, using a cellular phone and paying your bills on time
is a good way to start building a good credit report. In addition, there
are many special credit card offers for students and young adults specifically
designed to get a credit history started, and using the card and paying
it on time is one of the best ways to establish excellent credit. Paying
more than the minimum payment, or even paying the full balance, is also
a great idea.
An excellent way to further build strong credit is with a car loan.
Most cars aren’t cheap, so by having a large balance and then paying
it on time every month will do wonders for your credit. You’ll need
to establish sufficient credit in order to be able to borrow money and
finance the car, but making other payments on time – such as the ones
mentioned above – and being sufficiently employed will allow you to
do so.
Now that we have you buying things and spending money, it’s time to
monitor your credit and make sure all is well. Request a copy of your
credit report once a year, from each credit bureau. It’s important to
know which of your accounts show up on which reports, and to make sure
that they are all accurate. It’s fine to increase spending and credit
as long you don’t overextend, and make sure to cancel any card you are
not using immediately. If you find mistakes on your credit report, make
sure to follow the bureau’s instructions to challenge it, in writing.
If you follow these steps, you can get your credit rating up to an AAA
status and keep it there.
About The Author:
Peter Dobler is a veteran in the IT business. His passion for experimenting
with new internet marketing strategies leads him to explore new niche
markets.
Read more about his experience with credit and mortgages; visit
Credit
Score Information Directory
Other Credit And Real Estate Related Information
|
American Grant
Provider Directory
 The
Federal Government and Private Grant Foundations issue billions
of dollars in grant money to a variety of groups each year.
Grants are awarded to individuals each and every day from all
walks of life, with large and very small bank accounts, for
an ever-increasing array of purposes.
Grant programs are not Loans.
You decide how much you need. As long as the amount is lawful
and you meet the Foundations and Government Agencies Requirements,
the money is yours to keep and never needs to be repaid. This
grant money is non-taxable and interest-free!
Get more information
|
|
Do You Have
Bad Credit?
Don't give up!!
Our list of lenders and credit card
companies are willing to give you another shot. They realize
that good people can have bad credit.
Whether you have
had minor problems in the past or even bankruptcy, our lenders
are there to help you not only receive a loan, but also to re-establish
your credit.
Are you ready to
get your second chance?
Get more information
|
|
Mortgage Loan Tips
 "Excellent
for first time buyers, move-up buyers or refinancing. I cannot
recommend it highly enough - this should be required reading
for anyone who wants to get a loan."
M. Klinger, Real Estate Broker
Aventura, FL
Get more information
|
|
Credit Repair
- Erase Bad Credit Now!
 Are
you tired of Bad Credit? - High Interest Rates? Disapproved
Credit?
Use my experience today, and I will show you
how to get every negative item Removed from your Credit Reports
within 1-3 Months. Guaranteed!
Get more information
|
|
Credit Secrets
 "How
to Clean Up your Credit Report and Wipe All Your Credit Card
Debts in Record Time!"
Take a moment to imagine this...
On any given day you could be receiving new pre-approved credit
card offers in the mail, you could able to purchase a new home
without worrying about qualifying for a mortgage, financing
for automobiles and boats could be readily available to you,
and...you could have piece of mind knowing that should an emergency
arrive you would have the resources to take care of you and
your family.
Get more information
|
|
