Credit cards for excellent credit are for people who have a high credit score. This usually means that these individuals can get best credit card offers if all the payments are made on time for their existing credit products, they have not gone bankrupt or have judgments against them, and they generally manage their financial accounts in the correct conditions.
| Tags: best credit card offers
Posted January 19, 2012 by admin under Credit Report
In the past couple of years weve heard announcements from several companies who have had their databases hacked and private customer information compromised. When this happens the data breached isnt always financial data, but nonetheless you still probably dont want your personal information floating around out there where it can be used by a malicious hacker.
Just last week Zappos.com, an online shoe retailer announced that they had been the victim of a cyber attack, and although credit card information hadnt been accessed, there was still plenty of private information compromised. As such they announced to customers that all passwords would be reset, and all users would have to choose a new password.
| Tags: Personal Information, When
Posted January 20, 2012 by Imogen Lay under Credit Report Tips
A recent report from Kelley Blue Book suggests that buyers hoping to finance a used car with no credit auto loans should think about doing it sooner rather than later this year
Who we trust
Credit-challenged applicants looking to finance a bad credit car this year should be aware of the latest report from the vehicle valuation experts at kbb.com.
We can attest to the accuracy of Kelley Blue Book because weve come to depend upon it here at Auto Credit Express where weve been involved in bad credit car sales for two decades. We even designed our website so consumers can research such topics as horrible credit auto loans and repossession as well as todays topic, how the recent economy might influence used car prices.
Used cars
Since most people with poor credit choose used cars because theyre generally more affordable than new cars, its important for them to understand the used car market.
A recent report from Kelley Blue Book suggests that buying a used car early this year might be a smart move.
| Tags: Auto Loans, Credit Auto, Credit Auto Loans, Loans
Posted January 18, 2012 by Amelie Hampton under Bankruptcy Articles
There are a lot of debtors using services designed to bring all of their debts together into a single payment. The problem with these services is the cost – you are often extending the period of all monies owed, and paying a higher interest rate. Sure, the monthly payment plan is lower, but the final total paid can be substantially higher. Of course, your creditors will need to approve of this approach as well. You can achieve the same result through a Chapter 13 petition for bankruptcy, interest free, and your creditors have to accept the plan.
A chapter 13 bankruptcy comes with added bonuses. If your home is underwater, then you may be able strip back any secondary mortgages. You may even be in a position to modify your car loan if that too is underwater. The end result for most petitioners is a monthly payment plan that is interest free, is less than what they are required to pay pre-bankruptcy, yet will, over the life of the plan, repay most of their debts. Y
| Tags: Free Payment, Payment
Posted January 16, 2012 by Amelie Hampton under Bankruptcy Articles
If you are thinking of buying a house in the next few months or in the coming year, a very important factor that can improve your chances for mortgage qualification is your rental history. In other words, whether or not you pay your house rents on time could actually affect your chances of getting a mortgage. Experian, one of the 3 biggest credit agencies introduced a new section to the credit reports of individuals. This new section showed whether an individual is paying rent on time. In other words, those who pay their rents on time will have a shot at improving their credit scores. But now, even negative marks are being added which will show up cases where the checks have bounced or where the tenants have left before the lease was actually over.
A brand new credit report is being planned by both FICO as well as CoreLogic.
| Tags: History, Rental History
Posted January 16, 2012 by Brayden Laura under Credit Report
Has it been over five years since GMP Capital acquired private equity shop Edgestone Capital Partners? Indeed, that marriage is about to end, if the rumours are true. It sounds as though the original Edgestone leadership team of Sam Duboc, Stephen Marshall and Gil Palter is about to re-acquire the firm, leaving the promote behind for GMP. For those of you who are newer to the business, GMP paid $152.5 million in cash/stock for Edgestone back in the day; $62 million of that was in cash, and the balance was in stock at $22.50/share.
As was reported at the time in the National Post:
Edgestones later-stage private-equity funds, for example, have delivered an approximate 60% annual return since inception, said Gilbert Palter, managing partner and chief investment officer at Edgestone. Besides Hair Club, notable investments included waste management firm BFI Canada, which generated a return of more than four times Edgestones invested capital in under two years after BFI converted into an income trust.
With numbers like that, one can see why GMP wanted to do the deal.
| Tags: Edgestone, Edgestone Going
Posted January 13, 2012 by Imogen Lay under Credit Report Tips
There are a number of leading credit cards having rewards available in the market. When talking about the rewards, a large number of the cards have become associated themselves with vendors together with other businesses. Once you get your goods from the institution or retailer which is involved themselves with your card, you then get the choice to secure bonus points or reward points. Several premier credit cards have become associated themselves with a number of the prominent airlines to offer you incentives for your future airline ticket. They as well grant many air miles cards wherein you can acquire air miles on them and you might choose the carrier you choose to fly with.
As opposed to other cards they have aggressive interest rates and fees and several of the cards they offer are zero-percent initial rate once you buy and balance transfers although you can’t have a reward for it on balance transfer. Read more…
| Tags: Credit Cards, Rewards
Posted January 9, 2012 by Brayden Laura under Credit Report
The FACT act is short for the Fair and Accurate Credit Transactions act. Its a mouthful, I know, but what does it mean, and why should you care about it? Good questions, and honestly its important and I wish more people knew about it and more importantly used it! In a nutshell the FACT act is the legislation that enables all US citizens free access to there credit reports once per year. It also put in some provisions to help prevent identity theft.
This legislation was passed in 2003, and still only a handful of people know about it and take advantage of it. There are a few very important sections of the FACT act here are the highlights. First is the creation of Annualcreditreport.com this is the site that was created to allow access to all three of your credit reports once per year. Consumers can log in and see their reports from Tansunion, Experian, and Equifax, what you do not get is your score. T
| Tags: Act, Fact Act
Posted January 9, 2012 by Amelie Hampton under Bankruptcy Articles
Recently, a great deal has been written regarding Citizens Property Insurance Corporation’s replacement cost value (RCV) calculation methodology. It seems that, in some cases, Citizens is grossly overestimating the cost to replace a home following a disaster. Consumer advocates decry this practice as nothing more than a backdoor rate increase following the denial of Citizens’ proposed 2000% rate increase a few short months ago. Predictably, insurance industry backers have called these increases necessary and appropriate.
While it is true that under the standard ISO homeowners policy homes must be insured to at least 80% of their value to avoid penalty, the current estimations seem unreasonable.
An article recently published in the Tampa Tribune cited such a case:
Joe Freitas thought $109,000 was a good deal on his new home. His
| Tags: Citizens, Citizens Miscalculation
Posted January 4, 2012 by Imogen Lay under Credit Report Tips