Fix Your Credit

Raise Your Credit Score

Fix CreditHaving good credit is very important today, especially in this financial environment. Many people are foreclosing on their houses and are not able to make payments on their credit cards. By improving your credit score you can save thousands of dollars, and save your house possibly, just by investing a little time and effort to clear up possible mistakes or errors. Bad credit even affects you insurance policy, it’ true! The reason being is that someone who has bad credit might be inclined to file an insurance claim at the risk of raising their insurance rates as opposed to someone who doesn’t need the money and won’t risk raising the insurance rate. Here is a summary of how you can improve your credit legally.

A lot of consumers have mistakes on their credit reports and they don’t know anything about it. The first thing that must be done is to obtain a credit report. You can do so from one of the three major credit bureaus, Experian, TransUnion, and/or Equifax. There might be other ones but these are the major three. For a small fee, you can obtain a copy. This is important because you need to see what’s on it in order to improve it.

Secondly, after obtaining your credit report go over it meticulously. Look for any information that is irrelevant to you. Such as a wrong name, a wrong address, a wrong social security number. With all of the people in the system, it is very easy to have mix ups. Send a letter to the creditor and ask them to remove it, state your reasons.They have to verify that it is you.

Thirdly, every time you go to buy something, such as a car, the vendor will run a credit check on you and simultaneously will run applications to several banks to see if they will give you the money. They don’t want to waste their time if they can’t give you money. Every time an application is made on your behalf or directly from you and it is turned down, even if they don’t give you money, that denial is posted on your credit application and can be removed by simply seding a letter to the creditor and asking them to remove it. On the flip side, every time a bank or creditor is willing to give you money and approves an application it reflects positively on your credit report. Again, even if there is no exchange of money, just the denial or acceptance of an application goes on that report.

Also, there are certain statutes for debt collection. If you have debts which are older than seven years you can have them removed from your credit report. If you don’t do it no one will voluntarily remove these things except if you hire a credit repair agency. But, if you have the time, you can do it yourself. Check the laws for the state in which the debt exists and find out if they are past the statue of limitations. This applies to charge offs as well. A charge off is when debts are written off as uncollectible. They typically remain on you credit report for seven years. If so, send a letter to that creditor and ask to have them removed.

Do not cancel credit cards. Cancelling credit cards reflects poorly on your credit application and sends a message to potential lenders that you might do the same with them. In fact, the best way to maintain credit, in this crazy world, is to use that credit card and have the discipline to put that money away to pay it at the end of the month. Even if you don’t need it and you have the cash, use the card and pay the card at the end of the month. This can help boost your credit. Maintain a thirty percent balance if you can. It will show responsibility to lenders.

So, in conclusion, these are ways in which your credit is affected. Make sure that what is right is on that report so that you will get the credit for paying that item. And, make sure that what is wrong is not on that report so you won’t have a lower credit score than you deserve. All it takes is knowing what’s on the report and sending a letter to that creditor. They’re not mean people, if something is inaccurate they will take it off. If you’ve sent an application that was turned down, ask, they most likely will take that denial off of your report. They have the burden of proof. They have to verify that the information is accurate. If you didn’t authorize that car dealer to send ten applications, the creditor will understand, and will remove it.

On a side note, cash is better than credit. But, now that we’re in a pickle we need to use credit to boost our credit. We got into this mess because we use credit to loosely. We buy televisions, and radio’s, and car’s, food, clothes, and whatever else with credit, in most cases paying a lot more than what that product was worth. It’s nice to have what we want now, but in the end we’ll be paying two-three times what that product is worth at the moment. If it’s something you can do without wait until you have the cash.

Should You Get Online Loans?

The question seems to give an idea like you have to be extra wary about online loans. Is there something wrong with applying for online loans?

There is nothing wrong with applying for online loans unless you know what you are doing. The danger here is getting into the game without knowing the rules first. Online loans are similar to your regular loans. However, most of its offers are short-term loans, such as the payday loans. A payday loan is the most common type of online loan availed by borrowers. The reason for this is because it is more convenient to apply for a loan online rather than visit the lending company. What’s more, since these online loans offer payday loans, it is easy to acquire your money – in just a matter of minutes. Also, most online loans are unsecured loans – wherein it doesn’t require the borrower to present their credit history or credit score to avail the loan. They are only identified according to their ability to pay back the loan, which is done by the lender.

The Benefits and Drawbacks of Online Lenders

Major online lenders strictly do their business online. Names like Earnest, Upstart and Lending Club, are three of the names that do not have any physical offices, but they offer the biggest advantage of convenience to borrowers. While both offline and online lenders sometimes allow you to submit your application online, the former needs the borrower to sign the documents at the physical branch. There is no need to do this with online lenders since the entire process is done online.


Some borrowers are hesitant to submit their personal information online, but offline lenders also input the borrower’s personal data into their online database. When you choose an online lender, make sure that you pick one with a reputable name. Find reviews of the lender and see to it that they have a good rap among their borrowers. Search for complaints that are filed against them and see whether or not they have settled it. You should also check out their name if it exists in the Better Business Bureau and also search for stories regarding the lender.

It is important that you share your personal information such as your employer’s information, outstanding loans, and income with any lender. However, it is to be dealt with care, but not to the point that you have to get scared about applying for it.

Another great benefit of applying for online loans is the absence of sales pitch. When you are out looking for a loan at a bank and inquire about it, they might try to sell you other financial products. Online lenders are only focused on lending, nothing else.

The ability of online lenders to provide loans in every state is one of its drawbacks. It means that if you live either in Iowa or Idaho, you cannot borrow or get any loan using Lending Club. There are also some lenders that charge fees when your loan gets approved.

Anyone Can Qualify

Quick cash loans are here to help people who struggle with their finances. Today’s life is very tough, so you can work even 10-12 hours a day and still have difficulties in paying all the bills and feeding your family. In addition, you may also need clothing, household appliances and holidays. All these can easily prevent you from saving anything for emergency situations.

When disaster strikes, you need some urgent cash, buy there’s no way you can get from from anybody. Banks don’t want you as their client. your friends are all broke. Your family struggles as well. Under these circumstances, you may fall into depression, as apparently there’s no hope for you.

Anyone Can Qualify

Say hello to quick cash loans that can save you in an instant. These loans are given by financial institutions that understand the needs and the difficulties of people like you. This is why they don’t perform a credit check in order to decide whether to give you a loan or not. They can approve virtually anyone who is over 18 and has a job. Unfortunately, unemployed people can’t get such loans, as there’s no guarantee in the world they are ever going to be able to repay it. Besides, desperate people take bad decisions. They might be extremely happy to take the money, without the slightest thought they may not be able to return it.

These being said, if you have a job, you can qualify, even if your pay isn’t that great. It only needs to be steady. If you get a paycheck every month or every week, you can be a good potential client for these lenders. Just send them your application and wait to see how much money you can take. Even if most people qualify, the total amount of the loan is different from person to person. This is why you are never going to see exact figures on these websites. Nonetheless, applying doesn’t bind you into any agreement, so go ahead and ask all of them to give you their best offer, compare them, and choose the best one. This is the perfect way to get some quick cash for your emergency needs. Take it, use it, but remember to repay it in time, otherwise it might get very expensive. If you want to know how expensive, just search for some interest rates and you’ll see they are huge.

Local Businesses

It is possible to get short term cash loans from local businesses in your area, as long as you know which ones to choose. Unlike a typical bank which will require a substantial amount of documentation, as well as a near perfect credit rating, these companies work in a completely different way. You simply need to stop in, fill out the application which will not take longer than an hour, and once it is submitted it can be approved very quickly. Let’s look at how you can get a short-term loan from these businesses in your city or town that are willing to help people out.

Local Businesses

How These Companies Work

These companies are actually very easy to work with. There is some apprehension, however, with these businesses due to the amount of interest that they charge. It is a reasonable amount, in comparison to how much you would have to pay for the late fees on your other bills if you could not pay them. They simply want to know when your next paycheck is coming in, and also how much money it will be for. They can then justify the amount that you are requesting knowing that they will get paid back for the loan that they have given you, making this a win-win situation.

How To Get An Easy Approval

You can get an approval on these loans as long as you are reasonable in your request for the money that you need to borrow. After you have submitted your application, you should hear back within 24 hours, and if you are approved, the money will be deposited into your account. This will allow you to pay bills that you have coming in in the next few days, and then you can pay the loan off with your next paycheck deposit. They are very simple to work with, and once you have use them for an emergency, you will definitely recommend them to people that you know who are looking for short term cash loans.

No Credit Check

No Credit CheckIf you want money fast, your best bet is going with no credit check cash loans. These loans fund fast, and you usually get the money you need in just one business day. You don’t have to go to the bank and deposit a check either, because the money goes right into your checking account.

It doesn’t matter if you have bad credit because the lender isn’t going to check your credit score and doesn’t really care. Since the loan is based on your income, you don’t need good credit or even any credit at all. You do need a job and a checking account however.

The best thing about cash loans is that they fund in just 24 hours, so you won’t be waiting long for your money. Once your application is approved, which only takes a few seconds, the lender will deposit the money into your checking account the next business day. You won’t have to wait for weeks to get to get the funds and you can use them right away.

Cash loans are great for emergencies and other situations when you need cash quickly and you don’t have time to wait around for it. When you need money now, the last thing you want to do is wait days for a decision on your loan and then wait a week or two to actually get the money. Bad credit loans never make you wait around.

No credit check cash loans are easy to find online, but you want to make sure that you spend some time comparing lenders because you want to get the lowest interest rate you can qualify for. The lower, the better since these loans already have high interest rates. Make sure you pay the loan off right away.

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