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Credit Repair

Guidelines to help you repair your bad credit score all by yourself…

Credit Repair
Credit Repair information.

Guidelines to help you repair your bad credit score all by yourself…

By: Diana (Credit Resource Staff Writer)
If you are unable to make your bill payments on time, it gets listed as negative items on your credit report. Exceeding credit card balances also have a negative impact on your report and lowers your credit score. In this situation you can get credit help all by your own efforts.You can clean your report and repair bad credit score by following a few simple strategies. Some of the guidelines that can help you increase your score are:(continued below)

Guidelines to help you repair your bad credit score all by yourself…

(cont.)
Prepare a budget: You should plan out a budget for yourself and start saving each month to repay your debts. You can improve your credit score by becoming current on delinquent accounts.

Don’t use credit cards: As a first step to repair bad credit score, you must stop using your credit cards. If you don’t do so, you may accumulate more debt.

Order your credit report: The Fair Credit Reporting act provides you with the right to order free copy of your credit report from the credit reporting agencies (Experian, Equifax and Trans Union).

Clean your report:You should examine your report for incorrect or incomplete listings that reduce your credit score. Next, you should inform the credit bureaus about inaccurate or incomplete items by substantiating your claims with relevant documents. The consumer reporting agencies will provide you with a free copy of your report if the items you questioned result in a change.

Negotiate with creditors: Contact your creditors if you find it difficult to make your monthly bill payments on time. Your payment history makes up 35% of your credit score. So, you should negotiate with them to pay off collections and charge-offs.

Don’t close delinquent accounts: You should not close delinquent accounts including credit cards as it may have a negative impact on your score.

However, if you are unable to improve your score, you may seek professional help. There are different credit repair companies that can assist you to eliminate negative listings from report. Once you fix your report, you should open new accounts and apply for new credit cards in order to further increase your credit score.

About The Author
Diana is a financial writer with more than 5 year’s of experience in finance field & wrote many articles on topic like how to get credit help, credit repair tips, credit card consolidation etc. She is also a member of a forum based community where she shares her experience & knowledge with the forum members & visitors.

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Debt Beat Down 2009!! Student Consolidation Loan

Are Student Loans Becoming Required Evils?

Student Consolidation Loan
Learn about Student Consolidation Loans.

Are Student Loans Becoming Required Evils?

The Credit Resourceby Allen Valerio
When it comes to getting a college education most people can agree that the costs can be staggering at best. Even the least expensive colleges in the nation can add up over a four or five year period of time creating crippling debt for those who do not qualify for some of the better grant programs of substantial scholarships.

The problem lies in the fact that the parents of most traditional college students make too much money to qualify for the free financial aid that is needs based and very few qualify for the limited number of scholarships that are available to students based on merit. Even among those that qualify competition and fierce and there are no guarantees. Enter the student loan. There are all kinds of student loans and unfortunately with rising costs associated with college attendence and the growing necessity of a college degree for success in this country it is becoming more and more difficult to pay the price that is associated with higher education. (continued below)

Are Student Loans Becoming Required Evils?

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There are three types of loans that are commonly found for college students. They include federal student loans, federal plus loans, and private student loans. Each type of loan has advantages and disadvantages that are unique to that particular loan. Below I will give a little information about each of the loan types and whom they may benefit.

Student loans. There are three different types of student loans: subsidized, unsubsidized, and Perkins loans.

Perkins loans are only available to students who display exceptional financial need. These loans are available at a 5% interest rate and are available to both graduate and undergraduate students. Perkins loans are extended through the university you attend and will be repaid to the university unlike the other types of student loans, which are repaid to the lending agency.

Subsidized student loans are loans in which the interest is deferred until graduation or you cease to be a qualifying student. What this means is that while you are responsible for repaying the loan upon graduation the interest on these loans does not begin to accrue until your begin repayment 6 months after graduation or your cease to be at least a half time student of the university. You must qualify based on your income in order to receive a subsidized student loan. While the needs requirements for these loans isn’t as grave as those required in order to receive a Perkins loan you must still qualify.

Unsubsidized student loans do not require qualification on a needs basis. You must be a student and enrolled at least half time in order to receive an unsubsidized student loan. The good news however for those who do not qualify based on needs for other student loan options is that this type of loan is available to all qualifying students regardless of need. The interest on these loans however begins to accrue immediately, which means they can really add up over time.

PLUS loans are loans that are taken out by the parents of students who need the funds in order to cover educational expenses. The maximum amount that can be borrowed is the cost of attendence minus any financial aid awards the student has already received. The repayment on these loans begins 60 days after the loan is dispersed and the repayment period can be up to 10 years.

In order to cover the costs involved in education that go above and beyond what the government recognizes as acceptable college related expenses you can opt to go the route of private student loans rather then relying solely upon federal financial aid for your student loan source. These loans require that you qualify in order to receive them based on your credit rather than your need and must be used for educational purposes only. With these particular loans you really need to make sure you read all the fine print as different companies offer different conditions and different perks. You should really take the time and compare prices and options before taking out a private student loan and this should be done only as a last resort.

Student loans for many can be the difference in attending college and getting the education you are hoping for and not being able to pay the high costs that go along with higher education. For this reason you should treat them with respect and not take them lightly.

About The Author
Check my new Data Recovery Specialist and Harddrive Data Recovery web pages.

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Personal Loans

Personal Loans, Tips On How To Get The Best Interest Rates

Personal Loans
Personal Loans information.

Personal Loans, Tips On How To Get The Best Interest Rates

By Mercy Maranga
With many financial options available, it can be difficult to get a loan that is tailor made for your needs. People need money for different reasons and that is why a personal loan will work best for you and everyone else. They can finance your personal needs no matter how big or small. When you decide to go for this type of funding, it is essential that you do some homework and look for the lenders that are likely to offer you the best deal. This way, you will be able to make an informed decision.(continued below)

Personal Loans, Tips On How To Get The Best Interest Rates

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You have to choose between a secured and an unsecured loan. Secured personal loans require the borrower to put up security in the form of collateral. You can use your home, car or a savings account as collateral. It enables you to borrow a larger amount at a lower interest rate since the risk is lower for the lender. You will also be in a position to make use of the equity stored in your property without selling it.

Unsecured personal loans on the other hand do not require you to put up security against them. If you are a tenant and have no property, then this is an option that may work well for you. The interest rates for this category are higher since the risk is higher for the lender. Homeowners are the ones who benefit greatly from both options. This is because if you do not want to take the risk of getting your home repossessed you can go for the unsecured option.

Your credit score plays a vital role in determining your loan package. It is important that you know your credit score so that you are in a position to improve it if there is a need to before you approach potential lenders. Ensure that you use your personal loan wisely and repay it promptly.

About The Author
Mercy Maranga writes content on Finance and Finance Management. Visit her site here for more information on Loans and how to effectively manage them.Cash Loans

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Student Consolidation Loan

Student Loans – Your Gateway To Achieving Your Goals

Student Consolidation Loan
Learn about Student Consolidation Loans.

Student Loans – Your Gateway To Achieving Your Goals

by Mercy Maranga
Your long awaited dream of joining college is finally here and you are ready to pack your bags and embrace your destiny. The issue of finances comes when you read your acceptance letter and they show the college fees that you are required to pay. If you or your parents had not planned for this, then it can be a setback. This should not worry you though, there are ways to go through college and achieve what you set out to achieve. With college fees increasing yearly, student loans have helped many students gain a brighter and more promising future. (continued below)

Student Loans – Your Gateway To Achieving Your Goals

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When you decide to look at this option, it is important that you conduct thorough research. This means that you should collect information relating to the amount of money you will need to fund your education. You should have a basic clue of how much your tuition and fees for the course that you want to pursue are. In addition, you should also have estimates for other expenses like books, travel expenses, room and board, personal expenses etc.

There are various types of student loans so it is important to look for the one that will suit you. It is important that you gather all the facts regarding the various options since the payment plans, grace periods and penalties are different. The types of loans available are subsidized (the government subsidizes the interest rate till completion, depending on your financial need), unsubsidized (interest starts accumulating immediately), direct Plus Loans (Parent loan to Undergraduate Students), private loans and home equity loans.

When you have all the information you will be in a position to make an informed decision and assess the best one depending on your budget. Ensure that you manage your student loan well and repay it when you can.

About The Author
Mercy Maranga writes content on Finance and Finance Management. Visit her site here for more information on Loans and how to effectively manage them.Cash Loans