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Credit Information

19,178 Identity Theft Victims Per Day - Are You One Of Them?


Identity theft statistics are shocking. And we are told that it will only become worse, before it gets any better. Are you likely to be affected?

Credit Damage: Getting Compensated for Your Loss


Until recently lawyers for victims of credit damage had little possibility to collect for damages beyond medical treatment, lost wages and property loss. Insurance companies threw up their hands in sympathy, claiming victims can only be compensated for what can be measured ? tangible goods and services. But, what happens when the victim has lost considerable time from work, the family bank is broke and monthly payments on mortgages, car loans and credit cards payments are missed? Regardless of the haggling between lawyers and insurance companies, it?s the credit victim who ends up having to live with a bad credit rating.

3 Ways to Improve Your Credit Score by 50 Points In Less Than 30 Days


In Less Than 30 Days. "What can you do to increase that set of three numbers on your credit report that can be so important with your financing?" I came across this question as I was surfing discussion groups the other day.  Check out my answer: Dear Friend, Here are 3 steps I used to take my credit score from 592 (horrible credit) to 762 (perfect credit) almost overnight.  If you?re interested in improving your credit rating quickly, you?ll find this story helpful: In 1995 I made a decision that would ruin my perfect credit history.  I quit my salary job to become an insurance salesman.  The job paid commission only.  Within a few months I lost everything - house, car, credit rating and my self respect. By the end of 1996 I was living with my mom, all my credit accounts were severely past due,  and I was paying 22% interest on a broke-down green Geo Storm...I was a real loser.  Then, in 1997, I became a banker.  I didn?t know it at the time, but this would turn out to be the break I needed to eliminate my credit problems forever.  During my seven years as a banker, I came across several legal and highly effective ways to improve my credit rating.  As a result, I was able to increase my credit scores by an average of 170 points.   Here?s what I did: Step #1: After spending hundreds of dollars on credit repair services that didn?t work, I found out how to get negative accounts removed on my own.   Basically, I wrote letters to the collection agencies requesting proof that the accounts were mine.  89% of the time they had no proof that the bad accounts belonged to me.  So I was able to get them deleted from my credit file. Step #2:  I opened new accounts with high credit limits and kept the balances low.   I discovered that if you keep your available credit limits high and only use 10% to 30% of the credit you have available, your credit score will improve dramatically.  Step #3:  Next, I added accounts with years of perfect payment history to my credit file.  This step took my credit score from 647 to 762. While you can certainly add seasoned accounts to your credit file for free, there are companies that claim they can do it for a fee.   The problem is, they charge between $2,000 and $2,500 per account.  If you want a 700+ credit score you?ll need 3 to 4 of these accounts. That equates to a cost of $6,000 to $10,000.   (You can conduct a search on your favorite search engine for companies that offer this service.)  While there are several highly effective steps you can take to increase your credit scores by as much as 200 points, these are the main ones...And here?s the good news:  Each step can be completed in less than 30 days. 

To Repair Credit Is No longer Satisfactory - Learn How To Earn A Millionaires Credit In 30 Days...


To repair your bad credit does not necessarily mean that you now have a good credit, absolutely not.

4 Steps to Creating Good Credit


As a consumer you?ve learned the importance of establishing a good credit rating with your lenders. Whether you are shopping for a new home or auto, or searching for the best deals on insurance, your credit worthiness will be judged by your credit rating or credit score.

Beware of Falling Minimum Payments


If you opened a credit card statement recently and were pleasantly surprised to find that your minimum payment due was lowered, don?t be so quick to ?jump for joy?. What may appear as a small boost to your monthly budget is actually the rock that can weigh you down in debt for a lifetime.

Convenience Can Be Costly


You?ve just opened your credit card bill and attached to your statement you find a ?convenience check? included. It may already be filled out with a dollar amount such as $300, $500, or even $1,000. Your mind fills with ideas of what you could buy with this ?instant? money. A new summer wardrobe, a nice dinner and tickets to a concert, a weekend getaway.

Credit Repair Scams


?Erase Bad Debt !?

Debit Card vs. Credit Card, What Are The Differences ?


Ah, the ?good old days?. If you are a baby boomer, like me, then you probably remember how important it was to rush to the bank on payday. You had to get there before the teller lanes closed so that you could have your ?cash allowance? for the week. Otherwise, if you needed cash you had to write a check, then go to the bank, and ?cash? the check for real cash.

How Healthy Is Your Credit


There?s only one way to discover the ?health? of your credit. You need to examine your credit report. Your credit report is your ?consumer identity? that potential lenders will use to judge your credit worthiness.

Top 5 Credit Misconceptions


We have all heard the rumors?from neighbors, relatives or friends. There are a wide variety of myths floating around about what you should and shouldn't do to improve your credit reports and credit scores. The buck stops here! Phelps Creek Financial Coaching has exposed these urban legends to provide you with the truth about credit...

Your Guide On Choosing a Credit Card To Suit You


Reach into your wallet or purse, pull out a card, swipe, and you?re done. It is very easy to use a credit card. The problem lies in choosing a card ? and it has nothing to do with the picture on the front! Choosing a credit card that works best for you is vital to your credit rating. If you choose incorrectly, you may find yourself in deep debt trouble. Here is some basic, yet extremely important, information that will help you make the right choice.

4 Steps You Can Take If Your Online Credit Card Application Has Been Refused


Help! I?ve Been Turned Down

7 Surefire Ways To Repair Bad Credit


Do you have a poor credit rating? If so, you are one of tens of thousands of Americans with the same problem. In fact, it seems that this has become a national ?disease.? And just what do people need that have a disease? They need a cure.

5 Surefire Ways To Eliminate Credit Card Debt


Do you have enormous credit card debt? You are certainly not alone. According to research, the average family in the United States has $7000 in credit card debt and pays about $1000 in interest each year! Throw in a late payment or two, or an over-the-limit charge, and that number skyrockets. Imagine what you could do with that $1000 if it weren?t being spent on interest.

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Los Angeles Times

Fitch downgrades credit ratings of 5 eurozone nations, including Italy, Spain ...
Washington Post
FRANKFURT, Germany — Fitch Ratings downgraded the debt of Italy, Spain and three other countries that use the euro on Friday, a possible setback as European leaders work to contain the continent's debt crisis. The lower government-debt ratings for ...
Fitch downgrades credit ratings of five Eurozone nationsLos Angeles Times
Fitch Cuts Italy's Credit Rating, Citing Adverse Debt DynamicsBusinessWeek
Fitch Downgrades Credit Ratings for 5 EU NationsABC News

all 480 news articles »


KIMA CBS 29

Earned Income Credit provides tax break for the poor
Santa Cruz Sentinel
Through the federal Earned Income Tax Credit, you may be eligible for a refund of up to $5751 - even if no taxes were withheld from your pay in 2011. Some low-income individuals can claim the credit too, and if you need help figuring it all out, ...
Earned Income Tax Credit could mean an extra couple thousand dollarsal.com (blog)
The Tax Credit That's Helping Single Women-Headed Families Fight PovertyHuffington Post
Earned income tax credit claimed by 26M last year, but IRS says 1 in 5 ...Greenfield Daily Reporter
KPLC-TV -vtdigger.org
all 134 news articles »


Corporate Credit Quality Rapidly Improving, CDS Indexes Show
Wall Street Journal
The index, the CDX North America Investment Grade index, gauges US corporate financial health by tracking the cost to insure a basket of company bonds against default with credit-default swaps, a kind of derivative. Over the same period, another corner ...
Credit Swaps Fall to Lowest Since August on Federal Reserve Rate OutlookBloomberg

all 16 news articles »


Ratings agency says state's credit rating could suffer
The Seattle Times
Fitch Ratings warned Friday that Washington's budget woes may imperil its prime credit rating. Fitch, one of the three major companies that rate publicly and privately issued debt, changed its outlook for the state to "negative" from "stable.
Fitch Affirms Altria's IDR at 'BBB+'; Outlook StableMarketWatch (press release)

all 51 news articles »


Globe and Mail

Ford Credit Earns $1.8 Billion Net Income in 2011*
Sacramento Bee
By Ford Motor Credit Company DEARBORN, Mich., Jan. 27, 2012 -- /PRNewswire/ -- Ford Motor Credit Company reported net income of $1.8 billion in 2011, compared with $2 billion a year earlier. On a pre-tax basis, Ford Credit earned $2.4 billion in 2011, ...
Ford Motor Credit Q4 Net Profit Up - Quick FactsNASDAQ
Ford Tax Credit Leads to Biggest Profit Since 1998Go Banking Rates
FORD CREDIT EARNS $1.8 BILLION NET INCOME IN 20113D Car Shows
PaddockTalk
all 688 news articles »


Fox News

Credit Where Credit Redux
Inside Futures
by Phil Flynn of PFGBEST by Phil Flynn, PFGBEST By Phil Flynn 800-935-6487 After President Obama's State of the Union speech, I questioned whether the President was trying to take credit for the amazing advances in technologies that has been made in ...
Obama to propose tax credit for natural gas trucksReuters
Obama Mimics Al Gore, Claims Credit for Others WorkFox News
Obama claims credit for cheap natural gasDaily Caller
FXstreet.com -International Business Times -Daily Markets (blog)
all 937 news articles »


Financial Times

ECB's Draghi: credit crunch averted, bond spreads overshooting
Reuters
By Paul Carrel and Paul Taylor | DAVOS, Switzerland (Reuters) - The European Central Bank's new round of loans to banks have averted a major credit crunch but credit remains seriously impaired in parts of the euro area, ECB President Mario Draghi said ...
EU avoided 'major, major credit crunch'Financial Times
Fears of eurozone credit crunch growBusiness Recorder (blog)
Davos 2012: Draghi says credit not back to normalBBC News
Bloomberg
all 219 news articles »


CREDIT MARKETS: Treasurys Up After GDP, Corporate Debt Resilient
Wall Street Journal
Jody Lurie, credit analyst at Janney Capital Markets, said the court's decision removed a giant cloud that had lingered over the company for months. Investors may still be anxious about civil claims, however. "Investors are playing different ...

and more »


Let your credit card reward you
Washington Post
For the conscientious consumer, credit card rewards programs are equivalent to free money. Sometimes, the perks sound too good to be true, and that's because for many people, they are. Rewards cards only benefit you if you pay off your credit card ...

and more »


Pennsylvania's Scholarship Tax Credit Program Boasts Highest Enrollment ...
Sacramento Bee
27, 2012 -- /PRNewswire-USNewswire/ -- More than 40000 students in Pennsylvania are benefiting from the state's decade-old corporate scholarship tax credit program, according to the School Choice Yearbook 2011-2012—the annual award-winning publication ...

and more »

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