By: James Marshall
Credit Reports - What's On Them, and How to Check Yours
Businesses in the United States buy more than two billion credit reports every year. Since there are currently fewer than 300 million people in the country, this means that the average adult has his or her credit reports examined by someone about once every other month. And yet, only a small percentage of Americans have ever laid eyes on their own credit reports. Viewing your credit reports at least twice a year is a necessity in today's electronic age, and while it may not always be free, getting access to your credit reports is much easier and less expensive than it has been at almost any time in history.
What is a Credit Report?
There are three major credit bureaus in the United States. They are Equifax, Experian, and TransUnion. These three companies are competitors, and therefore they don't share information with one another. As a result, your Equifax credit report may be significantly different from your Experian credit report, and your TransUnion report may be different still. Sometimes this is a good thing - if only one of the credit agencies reports a bad history, for example. But more often than not, it's a headache, since at least one of your credit reports is bound to have some incorrect, negative information on it.
What's On Your Credit Report?
Although each of the three credit agencies record slightly different information, the following is a basic list of what you'll find on each of your credit reports: Your name and your spouse's name. Where you live, where you work, and where you used to live (and used to work). Your social security number, phone number, and birth date. A list of your credit accounts and when you've paid your bills - on time, late, late by more than 30 days, late by more than 60 days, etc. How much total credit you have available. Whether and to whom you've made an application for credit in the past six months. Which companies have requested and obtained your credit report. And finally, dreaded "public records" - bankruptcies, foreclosures, repossessions, court judgments, convictions, and tax liens.
How Long Does Information Stay On Your Credit Report?
Positive information stays on your credit report indefinitely, which is a good thing. Most negative information should be deleted after seven years, with the exception of certain types of bankruptcy, which can stay on your report for ten years. If one of your credit reports is missing positive information or contains negative information that's older than seven years, contact the appropriate credit bureau. Their website addresses are listed at the end of this article.
How To Obtain Copies of Your Credit Reports
Usually, you may have to pay for your credit reports. The fees that the credit bureaus can charge vary by state, but the maximum is $9.50. You can find out more information by visiting the individual sites of the three bureaus: equifax.com, experian.com, and transunion.com.
So go ahead and do it now! Find out what your score is, it could make or break your financial future.Sincerely,Jameshttp://www.CC-Yes.com
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9/4/07
How Credit Works
By: James Marshall
In order to acquire and maintain access to credit, one must have a working understanding of how credit works - namely, how credit scores are established and tracked by the three major credit bureaus.
Inquiry Myths
As discussed in "The Larry Rule," people who repetitively apply for credit are viewed with suspicion by the credit agencies. However, there are some caveats to the Larry Rule. First, multiple inquiries for the same purpose - shopping for the best deal on a home loan, for example - count as just one inquiry. Secondly, it is never harmful for you to check your own credit report - only applications for credit (not mere inquiries) count against you. Third, and most importantly, inquiry data is only kept on file for six months. So in other words, the Larry Rule has a six month statute of limitations.
The exceptions to the Larry Rule outlined above are all good news for consumers. Unfortunately, not everything contained in this article is so pleasant. For example, you may believe that your permission must be given in order for someone to check your credit. Unfortunately, this is a myth, except where it applies to employers. A potential creditor, an insurance company, a landlord, or virtually anyone else can access your credit report without your permission.
Credit Repair Myths
Many people believe that paying off debts immediately improves their credit score. Unfortunately, this one of many credit repair myths. While a paid debt is marginally preferable to an unpaid liability, the truth is that missed payments and past delinquencies are still ugly marks on your credit report, and simply paying off an old debt may not improve your credit score by even one point.The good news is that late payment and old delinquency information will disappear after seven years. But the idea that all negative information is wiped out after seven years is another credit repair myth. The truth is that Chapter 7 bankruptcy stays on your record for 10 years, and unpaid judgments can potentially remain on your credit report forever.
Another popular myth is that the act of closing your credit cards is good for your credit score. This myth is perhaps the most painful, as many people who close open accounts have difficulty opening new ones in the future. The truth is that open, active, and up-to-date accounts help your credit. Unused credit capacity (i.e. available credit) is a positive factor in determining your credit score.
Credit Counseling Myths
Credit counselors and debt management services have received a bad name over the years, and much of the negative publicity has been deserved. It is, for example, a myth that you can simply pay a company to "fix your credit." Any firm that claims to perform this hands-off service should be avoided.But there are good, reputable credit counseling and debt management services who truly do help people. And despite the myth that using such a service inevitably hurts your credit, the truth is that many of these companies are able to reduce their clients' debts and maintain or improve their credit scores at the same time. When considering a credit counselor, look for firms that have these dual goals, not companies that focus solely lowering your liabilities. Sincerely,Jameshttp://www.CC-YES.com
http://www.articlecube.com
In order to acquire and maintain access to credit, one must have a working understanding of how credit works - namely, how credit scores are established and tracked by the three major credit bureaus.
Inquiry Myths
As discussed in "The Larry Rule," people who repetitively apply for credit are viewed with suspicion by the credit agencies. However, there are some caveats to the Larry Rule. First, multiple inquiries for the same purpose - shopping for the best deal on a home loan, for example - count as just one inquiry. Secondly, it is never harmful for you to check your own credit report - only applications for credit (not mere inquiries) count against you. Third, and most importantly, inquiry data is only kept on file for six months. So in other words, the Larry Rule has a six month statute of limitations.
The exceptions to the Larry Rule outlined above are all good news for consumers. Unfortunately, not everything contained in this article is so pleasant. For example, you may believe that your permission must be given in order for someone to check your credit. Unfortunately, this is a myth, except where it applies to employers. A potential creditor, an insurance company, a landlord, or virtually anyone else can access your credit report without your permission.
Credit Repair Myths
Many people believe that paying off debts immediately improves their credit score. Unfortunately, this one of many credit repair myths. While a paid debt is marginally preferable to an unpaid liability, the truth is that missed payments and past delinquencies are still ugly marks on your credit report, and simply paying off an old debt may not improve your credit score by even one point.The good news is that late payment and old delinquency information will disappear after seven years. But the idea that all negative information is wiped out after seven years is another credit repair myth. The truth is that Chapter 7 bankruptcy stays on your record for 10 years, and unpaid judgments can potentially remain on your credit report forever.
Another popular myth is that the act of closing your credit cards is good for your credit score. This myth is perhaps the most painful, as many people who close open accounts have difficulty opening new ones in the future. The truth is that open, active, and up-to-date accounts help your credit. Unused credit capacity (i.e. available credit) is a positive factor in determining your credit score.
Credit Counseling Myths
Credit counselors and debt management services have received a bad name over the years, and much of the negative publicity has been deserved. It is, for example, a myth that you can simply pay a company to "fix your credit." Any firm that claims to perform this hands-off service should be avoided.But there are good, reputable credit counseling and debt management services who truly do help people. And despite the myth that using such a service inevitably hurts your credit, the truth is that many of these companies are able to reduce their clients' debts and maintain or improve their credit scores at the same time. When considering a credit counselor, look for firms that have these dual goals, not companies that focus solely lowering your liabilities. Sincerely,Jameshttp://www.CC-YES.com
http://www.articlecube.com
Loans for the Contemporary Borrower
By: AjeetKhurana
What would we do without our loan providers? The world has changed so much that our attitudes towards getting loans is no longer the same. We no longer look at loan taking from a negative point of view. Instead, we encourage our friends and relatives to apply for various kinds of loans when the going gets tough. It is very sensible to procure a loan from a financial institution. At least it does not leave us indebted to our loved ones.
Moreover, the available rates for loans are beginning to appeal to all kinds of loan seekers. It would be folly to not even consider securing a loan from the loan provider.One of the most popular types of personal loans is the secured loan. Of course, this type of a loan is limited to only homeowners and people who own other assets that can be used as collateral. But if one does own a suitable asset, a secured loan offers a ready solution. This is because secured loans tend to offer lower rates of interest.
Depending on the value of your asset, the loan might provide you with a larger amount as your loan. However, not everything can be perfect with the secured loan. The risk of defaulting may be almost as strong as with any other loan, while the risk is greater. If one is likely to default on payments, the house (or other asset) that had been used as collateral, would be lost.People who are not willing to risk their houses generally go in for unsecured loans. The only disadvantage of unsecured loans as against secured ones is that the former can never compare when it comes to prices.
Secured loans certainly are more affordable because lenders are more willing to take the risk of lower prices given that they have collateral. However, this should not influence you against unsecured loans.With the rise of online loans, getting unsecured loans has never been easier. The various online lenders try to outdo their nearest competitors by offering really low rates of interest and easy repayment options. Moreover, the amount of documentation required in such a case is very low compared to other kinds of loans. All that one has to do to procure a secured loan is be applicable for the loan, furnish some basic documents and fill in the application form. It really has become easier to secure an unsecured loan these days. Look around and you might come up trumps with some attractively-priced loans.
http://www.articlecube.com
What would we do without our loan providers? The world has changed so much that our attitudes towards getting loans is no longer the same. We no longer look at loan taking from a negative point of view. Instead, we encourage our friends and relatives to apply for various kinds of loans when the going gets tough. It is very sensible to procure a loan from a financial institution. At least it does not leave us indebted to our loved ones.
Moreover, the available rates for loans are beginning to appeal to all kinds of loan seekers. It would be folly to not even consider securing a loan from the loan provider.One of the most popular types of personal loans is the secured loan. Of course, this type of a loan is limited to only homeowners and people who own other assets that can be used as collateral. But if one does own a suitable asset, a secured loan offers a ready solution. This is because secured loans tend to offer lower rates of interest.
Depending on the value of your asset, the loan might provide you with a larger amount as your loan. However, not everything can be perfect with the secured loan. The risk of defaulting may be almost as strong as with any other loan, while the risk is greater. If one is likely to default on payments, the house (or other asset) that had been used as collateral, would be lost.People who are not willing to risk their houses generally go in for unsecured loans. The only disadvantage of unsecured loans as against secured ones is that the former can never compare when it comes to prices.
Secured loans certainly are more affordable because lenders are more willing to take the risk of lower prices given that they have collateral. However, this should not influence you against unsecured loans.With the rise of online loans, getting unsecured loans has never been easier. The various online lenders try to outdo their nearest competitors by offering really low rates of interest and easy repayment options. Moreover, the amount of documentation required in such a case is very low compared to other kinds of loans. All that one has to do to procure a secured loan is be applicable for the loan, furnish some basic documents and fill in the application form. It really has become easier to secure an unsecured loan these days. Look around and you might come up trumps with some attractively-priced loans.
http://www.articlecube.com
Many Brits extend credit to take a break
By: Adam Singleton
If you are planning to take a break in the sun this summer and finance your trip it by borrowing, then you are not alone, according to the latest research carried out by comparison website MoneyExpert.com.
This year, almost one in five UK adults will pay for their holiday abroad by getting into debt. Even 63% of those who are saving for their break will put the cost of their holiday on a credit card and a further nine per cent will take out an unsecured loan. Sean Garner, chief executive of the website that compiled the research offered an explanation: “Next to Christmas, summer holidays are when we spend most, so with family budgets being squeezed, millions of us turn to borrowing. Holidays should be a time to relax and recharge the batteries, and it’s also a good time to think about sorting out finances.” So, although you might have incurred debt getting to your holiday destination, once you are sunning yourself by the pool you will have time to consider your financial options when you return. With an average annual summer holiday spend of Ј1500 just to keep the kids happy, it is easy to see how a family with children could quickly run up a large amount of debt over the summer, especially if incurring the extra cost of flying off to the sun. Just a word of warning if you intend to take your credit card abroad to finance your holiday spending: ensure that you check the fees that you will be paying.
According to the Uswitch website Britons incurred a staggering Ј560 million last year in credit card charges for the privilege of using their cards abroad. With fees applied for cash withdrawals and interest charged from the day the cash is withdrawn, they soon mount up. Even if you have used your credit card to pay for your holiday, think carefully about taking it abroad and using it for spending money or the fees and your debt could spiral.
So once you’ve returned and want to sort out your finances, what options are open to you? Many homeowners with plenty of equity and who could comfortably afford to repay any extra borrowing may wish to consider extending their mortgage. But the majority of non-homeowners may have no option but to take out a personal unsecured loan, or to keep the balance on their credit card. If the latter is the case then they could consider switching their balance to an interest-free deal. But before you commit to any new deal remember to do your research for online loans and credit card deals to find out which offer the best bargains.
http://www.articlecube.com
If you are planning to take a break in the sun this summer and finance your trip it by borrowing, then you are not alone, according to the latest research carried out by comparison website MoneyExpert.com.
This year, almost one in five UK adults will pay for their holiday abroad by getting into debt. Even 63% of those who are saving for their break will put the cost of their holiday on a credit card and a further nine per cent will take out an unsecured loan. Sean Garner, chief executive of the website that compiled the research offered an explanation: “Next to Christmas, summer holidays are when we spend most, so with family budgets being squeezed, millions of us turn to borrowing. Holidays should be a time to relax and recharge the batteries, and it’s also a good time to think about sorting out finances.” So, although you might have incurred debt getting to your holiday destination, once you are sunning yourself by the pool you will have time to consider your financial options when you return. With an average annual summer holiday spend of Ј1500 just to keep the kids happy, it is easy to see how a family with children could quickly run up a large amount of debt over the summer, especially if incurring the extra cost of flying off to the sun. Just a word of warning if you intend to take your credit card abroad to finance your holiday spending: ensure that you check the fees that you will be paying.
According to the Uswitch website Britons incurred a staggering Ј560 million last year in credit card charges for the privilege of using their cards abroad. With fees applied for cash withdrawals and interest charged from the day the cash is withdrawn, they soon mount up. Even if you have used your credit card to pay for your holiday, think carefully about taking it abroad and using it for spending money or the fees and your debt could spiral.
So once you’ve returned and want to sort out your finances, what options are open to you? Many homeowners with plenty of equity and who could comfortably afford to repay any extra borrowing may wish to consider extending their mortgage. But the majority of non-homeowners may have no option but to take out a personal unsecured loan, or to keep the balance on their credit card. If the latter is the case then they could consider switching their balance to an interest-free deal. But before you commit to any new deal remember to do your research for online loans and credit card deals to find out which offer the best bargains.
http://www.articlecube.com
Enlightening Students About Credit
By: AjeetKhurana
Credit card companies seem to be growing by leaps and bounds. They are appealing to all kinds of people as well. If you thought that credit cards were not available to those who did not work, think again. Credit card companies are starting young these days.
What market are they targeting? High school and college students, of course. As it turns out, if you are a student, you can avail of a credit card. In fact, that is the only time when one can access a credit card despite being jobless.
And college students love the fact that they have the option of spending freely.Now that we have established that credit card companies have felt the need to connect with increasingly younger people, one question arises: How do they sell their products to this group?
Well, student credit cards are marketed differently from other kinds of credit cards. In these cases, the credit cards come with a bunch of teasers that make it easy for the students to afford the card. Thus, there may be interest-free periods. There may be interest rates that are unbelievably low. After all, students do not have a terribly stable income. To land them with an unnecessarily expensive credit card offer would mean the failure of that offer.
However, this is not to say that student credit cards have no negatives at all. Of course they do. For instance, defaulting on credit card payments could result in the suspension of all the bonuses that were being given.
Default just once and that unbelievably low interest rate might escalate to nearly thirty percent. Moreover, students are not necessarily known to be all that great at taking care of their cash. In fact, when we think about groups that tend to waste their money, the image of students is one of the first ones that come to mind. Moreover, living away from home can result in higher expenses which the student might find difficulties in paying for them.
Sometimes there is no way of avoiding growing credit card debt. However, if you are a student with a newly-acquired credit card, promise yourself that no matter what, you will not spend more than is necessary. Using your credit card prudently is the best way to ensure that you do not get caught in the web of credit card debt. Remember that once you do graduate from college and get a full-time job, you will have many other bills that have to be paid for. At such times you would not want to be landed with the extra baggage of credit card debt.
http://www.articlecube.com
Credit card companies seem to be growing by leaps and bounds. They are appealing to all kinds of people as well. If you thought that credit cards were not available to those who did not work, think again. Credit card companies are starting young these days.
What market are they targeting? High school and college students, of course. As it turns out, if you are a student, you can avail of a credit card. In fact, that is the only time when one can access a credit card despite being jobless.
And college students love the fact that they have the option of spending freely.Now that we have established that credit card companies have felt the need to connect with increasingly younger people, one question arises: How do they sell their products to this group?
Well, student credit cards are marketed differently from other kinds of credit cards. In these cases, the credit cards come with a bunch of teasers that make it easy for the students to afford the card. Thus, there may be interest-free periods. There may be interest rates that are unbelievably low. After all, students do not have a terribly stable income. To land them with an unnecessarily expensive credit card offer would mean the failure of that offer.
However, this is not to say that student credit cards have no negatives at all. Of course they do. For instance, defaulting on credit card payments could result in the suspension of all the bonuses that were being given.
Default just once and that unbelievably low interest rate might escalate to nearly thirty percent. Moreover, students are not necessarily known to be all that great at taking care of their cash. In fact, when we think about groups that tend to waste their money, the image of students is one of the first ones that come to mind. Moreover, living away from home can result in higher expenses which the student might find difficulties in paying for them.
Sometimes there is no way of avoiding growing credit card debt. However, if you are a student with a newly-acquired credit card, promise yourself that no matter what, you will not spend more than is necessary. Using your credit card prudently is the best way to ensure that you do not get caught in the web of credit card debt. Remember that once you do graduate from college and get a full-time job, you will have many other bills that have to be paid for. At such times you would not want to be landed with the extra baggage of credit card debt.
http://www.articlecube.com
9/3/07
Debt Handling - What's the Right Amount of Debt?
By: Jeff Austin
No 'one-size-fits-all' recommendation is possible when considering the right amount of debt to assume. But that doesn't mean there are no good guidelines at all.Naturally, credit card companies and other lenders are happy to make available as much money as they think their borrowers will repay.
They take risks, but those are calculated risks. They look at default rates, current interest rates and carefully review credit history when they make loans. Borrowers can benefit by following some aspects of their strategy.Before taking out new credit, consider the odds that you will have to default on repayment. Don't factor in to your decision the possibility of deliberately defaulting or filing bankruptcy. You'll find the consequences are rarely worth it and that should be reserved as a very last resort.You can factor in expected increases in income - banks and other business do - but you should be very sure you're actually going to receive it.
A promised raise or hoped for income from a stock sale is far from guaranteed money.Look at current interest rates and make a prediction about where they are headed, businesses do. That's a very difficult thing to be confident about, but general trends are not random. Look at bonds, futures and other indicators. If 6% bond option prices are going down, many pros are betting interest rates will rise to above that in the future.
These represent the bets of professionals about the future direction of inflation and interest rates.Look at your own credit history the same way a bank would. Try to see it from their perspective. Would you loan yourself $10,000 at 7% for 48 months? Avoid rationalizing late payments or defaults.
You may have had a legitimate reason, or you may not yet have developed the resources (inner and financial) to repay all your debts on time.Consider your total income and expenses realistically. You may badly want a new car, but can you afford an extra $500 per month without sacrificing essentials while still meeting your current obligations? Be honest with yourself.No one can decide for you whether it's worth assuming an ongoing $200 per month credit card payment at 12% in order to have an item you've been longing for. You may value having the item today more than you value the extra money it will cost you over what you save by saving for it.But you should at least think about it.
Impulse buying is the most common way credit card users get in over their heads, financially speaking. Project the possibility that if you wait (and saved for, say, a year) you will have both the item and something else you can purchase with the money you would have paid in interest.Evading the fact, if it is a fact, that you can't really afford the payments is the surest way to get into financial trouble. That kind of trouble can take months or years to get out of. Think long term, be realistic, and you'll be able to decide what is the right amount of debt for you.
http://www.articlecube.com
No 'one-size-fits-all' recommendation is possible when considering the right amount of debt to assume. But that doesn't mean there are no good guidelines at all.Naturally, credit card companies and other lenders are happy to make available as much money as they think their borrowers will repay.
They take risks, but those are calculated risks. They look at default rates, current interest rates and carefully review credit history when they make loans. Borrowers can benefit by following some aspects of their strategy.Before taking out new credit, consider the odds that you will have to default on repayment. Don't factor in to your decision the possibility of deliberately defaulting or filing bankruptcy. You'll find the consequences are rarely worth it and that should be reserved as a very last resort.You can factor in expected increases in income - banks and other business do - but you should be very sure you're actually going to receive it.
A promised raise or hoped for income from a stock sale is far from guaranteed money.Look at current interest rates and make a prediction about where they are headed, businesses do. That's a very difficult thing to be confident about, but general trends are not random. Look at bonds, futures and other indicators. If 6% bond option prices are going down, many pros are betting interest rates will rise to above that in the future.
These represent the bets of professionals about the future direction of inflation and interest rates.Look at your own credit history the same way a bank would. Try to see it from their perspective. Would you loan yourself $10,000 at 7% for 48 months? Avoid rationalizing late payments or defaults.
You may have had a legitimate reason, or you may not yet have developed the resources (inner and financial) to repay all your debts on time.Consider your total income and expenses realistically. You may badly want a new car, but can you afford an extra $500 per month without sacrificing essentials while still meeting your current obligations? Be honest with yourself.No one can decide for you whether it's worth assuming an ongoing $200 per month credit card payment at 12% in order to have an item you've been longing for. You may value having the item today more than you value the extra money it will cost you over what you save by saving for it.But you should at least think about it.
Impulse buying is the most common way credit card users get in over their heads, financially speaking. Project the possibility that if you wait (and saved for, say, a year) you will have both the item and something else you can purchase with the money you would have paid in interest.Evading the fact, if it is a fact, that you can't really afford the payments is the surest way to get into financial trouble. That kind of trouble can take months or years to get out of. Think long term, be realistic, and you'll be able to decide what is the right amount of debt for you.
http://www.articlecube.com
Redeeming Your American Express AIR MILES Credit Card Rewards
By: creditwisdom
In 1997, American Express Canada forged an agreement with AIR MILES rewards program to launch the American Express AIR MILES credit card exclusively for Canadian citizens. Eight years later, in 2005, an undisclosed duration for the multi year agreement extending the partnership between American Express and AIR MILES was signed. American Express Canada acknowledged that the reward scheme of AIR MILES in the American Express AIR MILES credit card has contributed significantly towards the expansion of the Amex membership base in the country.
The company even added in a press release statement, that association with loyalty programs, such as the American Express AIR MILES credit card programme, is necessary for a credit card product to be competitive and to be able to penetrate the credit card market in Canada. This observation was drawn from the results of a survey of 1,000 Canadians, where one of the survey findings indicated that close to 50 percent of all Canadians are members of some form of rewards program.By merely using your American Express AIR MILES credit card for your charity donations, purchases on leisure and entertainment, service and subscription, merchandise, gift cards and certificates, travel, music CD’s, movie DVD’s and a lot more at participating sponsors, you will earn your reward miles at a rate of one point for every fifteen- or twenty-dollars depending on your American Express AIR MILES credit card.There is no limit on the number of rewards miles that you can collect or redeem through your American Express AIR MILES credit card. You choose from the four different kinds of American Express AIR MILES credit card reward offers, namely, Print an Offer, Click an Offer, In-Store Offer and Contest Offer. With Print an Offer, you can print the offer published in the Sponsor’s website. You can then take the printed coupon when you shop at the Sponsor’s store so you receive the bonus offer.You may wish to take advantage of the Sponsors’ American Express AIR MILES credit card holder bonus offer featured in their websites through Click an Offer.
This type of offer is only redeemable via online shopping, so you do not need to visit their physical stores. The In-Store Offer, on the other hand, can only be redeemed at the Sponsor’s location. You do not need to purchase anything on your American Express AIR MILES credit card from the Sponsor to receive your bonus; you only have to visit the location to earn it. The Contest Offers are those contests offered by Sponsors where you get the chance of winning some items including bonus reward miles.When you want to redeem the reward miles you have earned on your American Express AIR MILES credit card for an item you like, but you are lacking a few hundred points for the item, you are still given the chance to redeem the reward. You can actually purchase, using your American Express AIR MILES credit card, the lacking reward miles provided that they will not exceed half of the total reward miles needed for the item.
For each reward mile, you will have to pay thirty cents plus gross sales tax. This scheme is available on all rewards. Note, however, that you can’t ask for a cash refund once you purchase the additional reward miles, irrespective of whether the transaction was done on your American Express AIR MILES credit card or not.
http://www.articlecube.com
In 1997, American Express Canada forged an agreement with AIR MILES rewards program to launch the American Express AIR MILES credit card exclusively for Canadian citizens. Eight years later, in 2005, an undisclosed duration for the multi year agreement extending the partnership between American Express and AIR MILES was signed. American Express Canada acknowledged that the reward scheme of AIR MILES in the American Express AIR MILES credit card has contributed significantly towards the expansion of the Amex membership base in the country.
The company even added in a press release statement, that association with loyalty programs, such as the American Express AIR MILES credit card programme, is necessary for a credit card product to be competitive and to be able to penetrate the credit card market in Canada. This observation was drawn from the results of a survey of 1,000 Canadians, where one of the survey findings indicated that close to 50 percent of all Canadians are members of some form of rewards program.By merely using your American Express AIR MILES credit card for your charity donations, purchases on leisure and entertainment, service and subscription, merchandise, gift cards and certificates, travel, music CD’s, movie DVD’s and a lot more at participating sponsors, you will earn your reward miles at a rate of one point for every fifteen- or twenty-dollars depending on your American Express AIR MILES credit card.There is no limit on the number of rewards miles that you can collect or redeem through your American Express AIR MILES credit card. You choose from the four different kinds of American Express AIR MILES credit card reward offers, namely, Print an Offer, Click an Offer, In-Store Offer and Contest Offer. With Print an Offer, you can print the offer published in the Sponsor’s website. You can then take the printed coupon when you shop at the Sponsor’s store so you receive the bonus offer.You may wish to take advantage of the Sponsors’ American Express AIR MILES credit card holder bonus offer featured in their websites through Click an Offer.
This type of offer is only redeemable via online shopping, so you do not need to visit their physical stores. The In-Store Offer, on the other hand, can only be redeemed at the Sponsor’s location. You do not need to purchase anything on your American Express AIR MILES credit card from the Sponsor to receive your bonus; you only have to visit the location to earn it. The Contest Offers are those contests offered by Sponsors where you get the chance of winning some items including bonus reward miles.When you want to redeem the reward miles you have earned on your American Express AIR MILES credit card for an item you like, but you are lacking a few hundred points for the item, you are still given the chance to redeem the reward. You can actually purchase, using your American Express AIR MILES credit card, the lacking reward miles provided that they will not exceed half of the total reward miles needed for the item.
For each reward mile, you will have to pay thirty cents plus gross sales tax. This scheme is available on all rewards. Note, however, that you can’t ask for a cash refund once you purchase the additional reward miles, irrespective of whether the transaction was done on your American Express AIR MILES credit card or not.
http://www.articlecube.com
Mortgage Leads And Tips You Need To Know
By: Calvin A Leonard
A second mortgage refers to a protected loan taken on a property, which has already been used as a collateral in a loan once before. For starters, without the net, it would be nearly impossible to even buy your mortgage leads in real time.
According to the Mortgage Bankers Association, the slowdown is seen in the whole industry, affecting builders, lenders, real estate agents, brokers and credit companies.Another bonus of getting a lower fixed interest rate may mean that you can pay off the mortgage loan in less time. Fixed Rate loan — The 2nd mortgage at a fixed rate loan is similar to a first mortgage where you can get a large payment and then pay up the loan in installments over a fixed time frame. On a fixed rate commercial mortgage, the interest rate that is negotiated and agreed to remains in effect until the loan is fully repaid.
One of the reasons that these types of more multifaceted loans are becoming ore common on the market is that mortgage lenders have better support and tools for estimating risk as well as better credit scoring data presented. If you are a loan officer or mortgage broker interested in the purchase of fresh leads, be sure you know where the lead provider is getting their leads from in order to test their quality. If you do decide to go with a mortgage lead company, look for the mortgage lead companies that sell their leads on the fly, this way you will be receiving fresh leads, and you will be able to count ontheir quality.
This is imperative because most mortgage lead companies will sell their leads up to 10 times and your customer may already be working with your competition and not feel the need to call you back.The time comes for all mortgage brokers and loan officers to consider investing some of their hard earned money by testing the waters of mortgage leads. For loan officers and mortgage brokers on the market for mortgage leads, the quality of the lead should be a top priority when determining which companies product to invest in. If you are a loan officer or mortgage broker on the market for mortgage leads, make sure the mortgage lead company you are considering has a good return policy. Steer clear of the mortgage lead companies that purchase their leads from third party vendors and than sell them to loan officers at a profit.A lot of lead companies purchase their leads in bulk from third party companies, then turn around and sell them to loan officers at a profit.
http://www.articlecube.com
A second mortgage refers to a protected loan taken on a property, which has already been used as a collateral in a loan once before. For starters, without the net, it would be nearly impossible to even buy your mortgage leads in real time.
According to the Mortgage Bankers Association, the slowdown is seen in the whole industry, affecting builders, lenders, real estate agents, brokers and credit companies.Another bonus of getting a lower fixed interest rate may mean that you can pay off the mortgage loan in less time. Fixed Rate loan — The 2nd mortgage at a fixed rate loan is similar to a first mortgage where you can get a large payment and then pay up the loan in installments over a fixed time frame. On a fixed rate commercial mortgage, the interest rate that is negotiated and agreed to remains in effect until the loan is fully repaid.
One of the reasons that these types of more multifaceted loans are becoming ore common on the market is that mortgage lenders have better support and tools for estimating risk as well as better credit scoring data presented. If you are a loan officer or mortgage broker interested in the purchase of fresh leads, be sure you know where the lead provider is getting their leads from in order to test their quality. If you do decide to go with a mortgage lead company, look for the mortgage lead companies that sell their leads on the fly, this way you will be receiving fresh leads, and you will be able to count ontheir quality.
This is imperative because most mortgage lead companies will sell their leads up to 10 times and your customer may already be working with your competition and not feel the need to call you back.The time comes for all mortgage brokers and loan officers to consider investing some of their hard earned money by testing the waters of mortgage leads. For loan officers and mortgage brokers on the market for mortgage leads, the quality of the lead should be a top priority when determining which companies product to invest in. If you are a loan officer or mortgage broker on the market for mortgage leads, make sure the mortgage lead company you are considering has a good return policy. Steer clear of the mortgage lead companies that purchase their leads from third party vendors and than sell them to loan officers at a profit.A lot of lead companies purchase their leads in bulk from third party companies, then turn around and sell them to loan officers at a profit.
http://www.articlecube.com
Do You Have A Mortgage to Pay ?
By: Calvin A Leonard
To help you recover from your poor credit status, consider refinancing your home mortgage loan to improve your financial situation for the long term. If you want to repay your mortgage loan early, a recent study by the Royal Bank Of Scotland (RBS) may have uncovered a possible solution. There are many online resources and loan counselors that will provide you with plenty of options for credit and loan help, but often times when you are interested in applying for a mortgage loan the best thing you can do is increase your credit score.
Negative items will stay on the credit report up to seven years, but if you make an effort to begin paying back debts, and show you are serious about qualifying for a mortgage loan, then you are yet closer to proving to a mortgage lender that you are both willing and able to pay back a loan. Whether you use a second mortgage or an unsecured loan to pay off credit card debt, often depends on several important factors including whether you actually own a home, what your credit rating is, and what the total dollar amount of the credit card debt is that you owe to various financial institutions.
Many second mortgage companies have has partnered with a home equity lenders to create loan programs specifically designed for consolidating debt that lower your monthly payments, and help you refinance revolving credit cards. A Home Equity Installment Loan (HEL) is a fixed mortgage rate loan, which means the annual percentage rate (APR) and monthly payment will stay the same for the life of your loan. Legislation in the United States, “The Truth in Lending Act,” requires mortgage lenders to post the Annual Percentage Rates for all of their loan offers.
When you evaluate loan offers you should be mindful of the customer service you receive; however, base your decision on the mortgage terms and interest rates rather then the service. After taking a loan or a mortgage, make sure to check every few years the possibility of refinance or remortgage. Most of the time, the homeowners use the second mortgage loan to pay for debt consolidation, home improvement, college education, or other expenses. The major benefit for a debt consolidation loan is that most states allow you to write off the interest paid up to 100% of the value of your home. With the numbers in front of you, find out what type of debt consolidation loan would be best for your situation.
By understanding where you stand, you can either choose to go forward and find a mortgage loan that is within your limits, or repair your credit before making a move. To learn more and get accurate rates quotes 2nd mortgages and home equity loans from loan professionals online please visit the loan resource center at Second Mortgage Loans or check out Home Equity Lines.
You can learn more about cost-effective mortgage leads and buying mortgage leads online & get specific loan filters that meet your specific loan programs. Exclusive mortgage refinance leads are found under the exclusive mortgage leads category. A good mortgage refinance program can save you a lot of money as by lowering your monthly loan payments it will cause your interest rate to drop while you will thus be enabled to pay off the balance of your loan in a shorter time.
Often one looks to refinance a mortgage because they seek lower rates or additional money to pay off other debts Heading out for debt relief, do not forget to pay attention to overall rates on mortgage refinance, because people who are seeking debt help by refinancing may be paying higher rates than those generated by their low rate mortgage making it a useless effort when trying to consolidate their debts. The benefit of mortgage refinance is based in not only debt consolidation of other debt, but in getting a lower interest rate, lower pay off, and taking cash out of the home equity.
Homeowners apply for a mortgage refinance for two primary purposes: to lower interest rate and debt consolidation. Home mortgage refinancing is ideal when the current interest rates are lower than the rate of interest on the existing loan. If the interest rate of the refinance loan is not lower than the existing loan it is an option only for people who are really in need of money. So, the big question is "can you get a mortgage refinance loan with poor credit? So can you get a mortgage refinance loan with poor credit? Even though a mortgage loan is a secured loan, bare in mind that a past bankruptcy will show on your credit report when you apply for a refinance home loan.
If your credit score is below 600 or slightly above, most prime mortgage lenders will be hesitant to extend you a mortgage refinance loan after they pull your credit report. It is possible for you to refinance your mortgage in order to consolidate your debt. Basically, a cash out refinance loan is a mortgage loan that will be used to repay the outstanding mortgage loan. With a cash-out refinance option, homeowners may refinance their mortgage, while borrowing extra money from their equity.
A Refinance home mortgage is the best option for those who have a good financial sense and are willing to put their money to good use. The purchase of exclusive refinance mortgage leads come with discounts, in the case of freshly generated leads. Moreover, refinance home loans can be obtained at a lower interest rate than the original mortgage loan. Avail the best out of re mortgage or refinance mortgage. If your 2nd mortgage application was rejected by a lender, find out the reasons why it was rejected.
http://www.articlecube.com
To help you recover from your poor credit status, consider refinancing your home mortgage loan to improve your financial situation for the long term. If you want to repay your mortgage loan early, a recent study by the Royal Bank Of Scotland (RBS) may have uncovered a possible solution. There are many online resources and loan counselors that will provide you with plenty of options for credit and loan help, but often times when you are interested in applying for a mortgage loan the best thing you can do is increase your credit score.
Negative items will stay on the credit report up to seven years, but if you make an effort to begin paying back debts, and show you are serious about qualifying for a mortgage loan, then you are yet closer to proving to a mortgage lender that you are both willing and able to pay back a loan. Whether you use a second mortgage or an unsecured loan to pay off credit card debt, often depends on several important factors including whether you actually own a home, what your credit rating is, and what the total dollar amount of the credit card debt is that you owe to various financial institutions.
Many second mortgage companies have has partnered with a home equity lenders to create loan programs specifically designed for consolidating debt that lower your monthly payments, and help you refinance revolving credit cards. A Home Equity Installment Loan (HEL) is a fixed mortgage rate loan, which means the annual percentage rate (APR) and monthly payment will stay the same for the life of your loan. Legislation in the United States, “The Truth in Lending Act,” requires mortgage lenders to post the Annual Percentage Rates for all of their loan offers.
When you evaluate loan offers you should be mindful of the customer service you receive; however, base your decision on the mortgage terms and interest rates rather then the service. After taking a loan or a mortgage, make sure to check every few years the possibility of refinance or remortgage. Most of the time, the homeowners use the second mortgage loan to pay for debt consolidation, home improvement, college education, or other expenses. The major benefit for a debt consolidation loan is that most states allow you to write off the interest paid up to 100% of the value of your home. With the numbers in front of you, find out what type of debt consolidation loan would be best for your situation.
By understanding where you stand, you can either choose to go forward and find a mortgage loan that is within your limits, or repair your credit before making a move. To learn more and get accurate rates quotes 2nd mortgages and home equity loans from loan professionals online please visit the loan resource center at Second Mortgage Loans or check out Home Equity Lines.
You can learn more about cost-effective mortgage leads and buying mortgage leads online & get specific loan filters that meet your specific loan programs. Exclusive mortgage refinance leads are found under the exclusive mortgage leads category. A good mortgage refinance program can save you a lot of money as by lowering your monthly loan payments it will cause your interest rate to drop while you will thus be enabled to pay off the balance of your loan in a shorter time.
Often one looks to refinance a mortgage because they seek lower rates or additional money to pay off other debts Heading out for debt relief, do not forget to pay attention to overall rates on mortgage refinance, because people who are seeking debt help by refinancing may be paying higher rates than those generated by their low rate mortgage making it a useless effort when trying to consolidate their debts. The benefit of mortgage refinance is based in not only debt consolidation of other debt, but in getting a lower interest rate, lower pay off, and taking cash out of the home equity.
Homeowners apply for a mortgage refinance for two primary purposes: to lower interest rate and debt consolidation. Home mortgage refinancing is ideal when the current interest rates are lower than the rate of interest on the existing loan. If the interest rate of the refinance loan is not lower than the existing loan it is an option only for people who are really in need of money. So, the big question is "can you get a mortgage refinance loan with poor credit? So can you get a mortgage refinance loan with poor credit? Even though a mortgage loan is a secured loan, bare in mind that a past bankruptcy will show on your credit report when you apply for a refinance home loan.
If your credit score is below 600 or slightly above, most prime mortgage lenders will be hesitant to extend you a mortgage refinance loan after they pull your credit report. It is possible for you to refinance your mortgage in order to consolidate your debt. Basically, a cash out refinance loan is a mortgage loan that will be used to repay the outstanding mortgage loan. With a cash-out refinance option, homeowners may refinance their mortgage, while borrowing extra money from their equity.
A Refinance home mortgage is the best option for those who have a good financial sense and are willing to put their money to good use. The purchase of exclusive refinance mortgage leads come with discounts, in the case of freshly generated leads. Moreover, refinance home loans can be obtained at a lower interest rate than the original mortgage loan. Avail the best out of re mortgage or refinance mortgage. If your 2nd mortgage application was rejected by a lender, find out the reasons why it was rejected.
http://www.articlecube.com
Bad Credit Loan Repayment Advice
By: Micheal Joness
Some people don't dare to apply for a personal loan online because the have a bad credit rating. There's no argument that a bad credit payday loan quickly puts money into the pockets of people who are in need of cash, whether for an emergency or to pay a past due bill that's about to go to a collection agency.
However, the fact that repayment amounts are at your discretion can also been seen as an advantage as you can adjust your payments to pay off the loan more quickly should circumstances allow, or perhaps lower the repayment one month if unforeseen circumstances leave you short of money.
If you are able to it put a part of the excess money (when you have paid your loan on time and added a little more to your regular payments) in a savings account. While there are some large corporate banks that can have loan committees made up of a fairly large group of people, many smaller banks and lending companies leave the decision up to a much smaller number of individuals and in some cases the decisions can be made by 1 or 2 people.
There are many loan companies available on the Internet that will provide loan services to people with all types of credit. But on the larger scale, bad credit loans are also available in the form of an auto loan, debt consolidation loan or a personal loan to be used for whatever reason.
You are getting in worse debt, rather than out of debt, when you use payday loan services.
Higher Interest Rate - The price you pay for the convenience of a cash advance or payday loan, is a higher interest rate.
Easy Application Process - With a cash advance loan, you have a quick, simple application process, unlike credit card or personal loans, there is no credit check and the loan can be approved and ready to cash within a couple of hours.
Payday loans give you a cash advance with the intention that you will pay back the loan on your next payday. So, while an instant payday loan may sound like a good option if you are short of cash, it is smarter to simply live within your budget and consider alternate options if an emergency arises.
Though secured loan is easier to avail for any borrower but in case of the borrower is labeled as having bad credit history, lenders turn extra cautious because of the risk involved in the loan offer You get a secured home loan approved easily on the strength of your home being offered as security of the loan to the loan provider, but in cases where borrowers suffering from bad credit label, required finance is harder to avail. In order to avail bad credit secured loan, borrowers having poor credit have to put their property as collateral against the loan amount. Bad credit secured personal loan is meant for homeowners who don’t have any problem in putting their property as collateral against the loan amount Holidaying at beautiful places like Hawaii or Switzerland, buying a home with beautiful surroundings, getting pace with a brand new car or boat, making your home more comfortable through home improvements, or business ideas in your mind which needs investment……secured by the borrower’s collateral a bad credit secured personal loan serves it all.
Being a part of secured loan, adverse credit secured loan can be used for any purpose or as the person desires. Interest rate on both secured and unsecured UK bad credit auto loan can be reduced if the loan is applied online as you get numerous offers from as many lenders and can choose the package with lower possible interest rate. In most respects, apart from the interest rate, a bad credit auto loan is the same as a standard auto loan.
Your bad credit will not at all come in the way of owning a vehicle of your choice in case you opt for secured UK bad credit auto loan. Along with meeting borrower’s loan need, one of the major advantages of poor credit unsecured loan is that it comes in great support for those suffering from bad credit. When it comes to choose a bad credit unsecured loan, then, you can easily find yourself in a baffling situation.
When a loan is available to people with bad credit without any security or collateral it is called a bad credit unsecured signature loan. The person has also option to avail bad credit loan without security, and technically it has been termed as adverse credit unsecured loan. Despite some hurdles posed by the lenders, they offer bad credit unsecured student loan to the students. Offering a large number of benefits, such as, lower interest rate, long repayment period, flexible monthly installment option, and chance of improving credit score, bad credit secured loan is the best possible loan option available for borrower with bad credit In adverse credit secured loan, several benefits, such as, lower interest rate and long repayment period can help borrower in getting rid off risk of losing their property.
http://www.articlecube.com
Some people don't dare to apply for a personal loan online because the have a bad credit rating. There's no argument that a bad credit payday loan quickly puts money into the pockets of people who are in need of cash, whether for an emergency or to pay a past due bill that's about to go to a collection agency.
However, the fact that repayment amounts are at your discretion can also been seen as an advantage as you can adjust your payments to pay off the loan more quickly should circumstances allow, or perhaps lower the repayment one month if unforeseen circumstances leave you short of money.
If you are able to it put a part of the excess money (when you have paid your loan on time and added a little more to your regular payments) in a savings account. While there are some large corporate banks that can have loan committees made up of a fairly large group of people, many smaller banks and lending companies leave the decision up to a much smaller number of individuals and in some cases the decisions can be made by 1 or 2 people.
There are many loan companies available on the Internet that will provide loan services to people with all types of credit. But on the larger scale, bad credit loans are also available in the form of an auto loan, debt consolidation loan or a personal loan to be used for whatever reason.
You are getting in worse debt, rather than out of debt, when you use payday loan services.
Higher Interest Rate - The price you pay for the convenience of a cash advance or payday loan, is a higher interest rate.
Easy Application Process - With a cash advance loan, you have a quick, simple application process, unlike credit card or personal loans, there is no credit check and the loan can be approved and ready to cash within a couple of hours.
Payday loans give you a cash advance with the intention that you will pay back the loan on your next payday. So, while an instant payday loan may sound like a good option if you are short of cash, it is smarter to simply live within your budget and consider alternate options if an emergency arises.
Though secured loan is easier to avail for any borrower but in case of the borrower is labeled as having bad credit history, lenders turn extra cautious because of the risk involved in the loan offer You get a secured home loan approved easily on the strength of your home being offered as security of the loan to the loan provider, but in cases where borrowers suffering from bad credit label, required finance is harder to avail. In order to avail bad credit secured loan, borrowers having poor credit have to put their property as collateral against the loan amount. Bad credit secured personal loan is meant for homeowners who don’t have any problem in putting their property as collateral against the loan amount Holidaying at beautiful places like Hawaii or Switzerland, buying a home with beautiful surroundings, getting pace with a brand new car or boat, making your home more comfortable through home improvements, or business ideas in your mind which needs investment……secured by the borrower’s collateral a bad credit secured personal loan serves it all.
Being a part of secured loan, adverse credit secured loan can be used for any purpose or as the person desires. Interest rate on both secured and unsecured UK bad credit auto loan can be reduced if the loan is applied online as you get numerous offers from as many lenders and can choose the package with lower possible interest rate. In most respects, apart from the interest rate, a bad credit auto loan is the same as a standard auto loan.
Your bad credit will not at all come in the way of owning a vehicle of your choice in case you opt for secured UK bad credit auto loan. Along with meeting borrower’s loan need, one of the major advantages of poor credit unsecured loan is that it comes in great support for those suffering from bad credit. When it comes to choose a bad credit unsecured loan, then, you can easily find yourself in a baffling situation.
When a loan is available to people with bad credit without any security or collateral it is called a bad credit unsecured signature loan. The person has also option to avail bad credit loan without security, and technically it has been termed as adverse credit unsecured loan. Despite some hurdles posed by the lenders, they offer bad credit unsecured student loan to the students. Offering a large number of benefits, such as, lower interest rate, long repayment period, flexible monthly installment option, and chance of improving credit score, bad credit secured loan is the best possible loan option available for borrower with bad credit In adverse credit secured loan, several benefits, such as, lower interest rate and long repayment period can help borrower in getting rid off risk of losing their property.
http://www.articlecube.com
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