All About Credit Score

Tip! Learn About Credit And .

For many people, a high credit score is just a dream. Past issues have left them with items on their credit reports that impact their overall credit score in a negative way. Some people are not aware of the possibility of credit score repair. Help is available.

The Attorneys Guide To Credit Repair.

There are so many things that can cause credit problems. Things as simple as late payments and as devastating as divorce, can lead to bad credit scores. Credit score repair specialists are familiar with all of these things. There is no need to be embarrassed. They have heard it all before.

Credit score repair strategy involves removing items from your credit reports that have a negative impact on your credit score.

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Tags: Credit Score, Score

Your income may become a more important factor in determining whether you’ll be approved for a credit card, according to a post in the WSJ.

The paper said beginning in February, credit card companies will be required (Credit Card Bill of Rights) to consider an applicant’s income or assets/current debt before extending credit to ensure consumers have the ability to repay.

In preparing for the change, the credit bureaus have already gotten in on the income estimation business, with Experian reportedly nailing down income to the nearest thousand.

They came up with their estimates by matching credit reports with wages, interest, and investment income, along with total credit lines and related payments.

These income estimates will help credit card issuers approve or decline applicants, and may also be utilized to increase or decrease an existing credit line.

In the past, credit card issuers simply asked consumers to enter their gross annual income in a box on the application form, but soon you could be required to provide pay stubs, tax returns, or be asked to fill out a form 4506, which allows the IRS to release your tax filings to lenders (so no fudging the numbers).

What the changes really communicate is that credit scoring has proven to be unreliable, at least as a standalone determinant of capacity to repay debts.

Of course, the income estimates are just ballpark figures when it comes down it, which is why the credit bureaus’ contracts prohibit card issuers from turning down customers based solely on the information.

See: why credit card regulations are worthless.

Tags: Card, Credit Card

I like American Express a lot, I don’t hide that fact. Their customer service is stellar, it’s easy to dispute fraudulent/bogus charges, and the rewards tend to be the best in the industry.

Their credit cards also look cool, and who doesn’t like to look cool?

At the same time, a number of American Express credit cards come with some hefty annual fees, which I’m not a fan of.

I’ve never embraced the idea of paying a fee to use a credit card, it just doesn’t sit well with me.

Fortunately, American Express has a number of credit cards with no annual fee, good ones at that.

So check out the following American Express cards with no annual fee:

Blue from American Express®

0% Intro APR for 6 Months on Purchases, “No Annual Fee,” Point-based Rewards Program, Instant Approval in Under 60 seconds

Blue Cash® from American Express (my personal favorite)

0% Intro APR for 6 Months on Purchases, “No Annual Fee,” Cash-Back Rewards Program, Instant Approval in Under 60 seconds

Up to 5% cash back at supermarkets, gas stations, and drugstores. Up to 1.25% everywher

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Tags: American Express, Express

Tip! Determine what you can cut back on. means work and you will likely need to give up on some stuff so that you can improve your situation.

Before you embark on the journey of self credit repair, you will need several things. The most important is education. The best place to start is probably the Federal Trade Commission. They provide consumer information on credit issues and advice on where to go for help. This is probably a good place to mention that self credit repair is not possible until “credit issues” have been resolved. If you are behind on, or having trouble making payments, then you may need credit counseling, but not credit repair. If you have had problems paying your bills in the past and those problems are now behind you, but your credit rating has been damaged, then you may need credit repair, but not credit counseling. The

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Tags: Credit, Self Credit

Tip! Learn About Credit And .

There are several varieties of credit repair agencies. There are the “professional credit counselors”, the “credit experts”, and various other descriptions that basically mean the same thing. Then, there are the law firms which will help you repair credit report inaccuracies.

The first thing to look at is exactly what services these credit repair agencies offer and how much they charge for these services. If you only have one or two pieces of inaccurate information on your credit report, you may be able to take care of this yourself. You can view your credit report on line, free of charge, once a year at www.annualcreditreport.com. If you need to repair credit report information, you can report the information on line, but the sites are not particularly user friendly. You can

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Tags: Agencies, Credit Repair, Credit Repair Agencies, Repair Agencies