Poor Credit Rating

By Michael Benifez

Having a poor credit rating becomes a more powerful stigma as every day passes. Improving your credit score can literally put money in your pocket by providing you with lower interest rates and lower fees on anything you finance. The big question is; can you repair your credit without spending a fortune to do so?

You cant believe the hype you see in the ads on TV promising instant credit restoration and pie in the sky credit scores with one phone call. The Federal Trade Commission puts forth a statement that encourages consumers to stay away from these so called miracle credit repair agencies. The truth is, everything a credit repair firm can do for your credit " you can do by yourself.

All you really need is to know the proper approach to working with your creditors, collections agencies, and the credit bureaus, not to mention the time it will take to do the work yourself. The problem is that most people have no idea how to approach credit repair, so they choose to pay for someone else to do it for them.

There are reputable firms that can help you restore you credit and have lots of experience with creditors and the like. In order for you to get the same results as the professionals, youll need to behave like a professional. Do your homework and make sure you have access to the necessary information. The standard form letter just wont do the trick.

The Federal Trade Commision (FTC) says it will take time and effort, as well as a tangible debt repair plan for clients with bad credit history. As a result, these people may be able to improve your credit rating. You shouldnt over simplify your credit repair process, nor should you over complicate things. Do you best to keep things in perspective, keep your cool, and when one approach doesnt work, try something different. Every creditor will have different standards in working with you. You will have to be prepared to individualize your approach.

The amount of credit repair you can successfully do alone will depend on your ability to apply a professional approach and communicate effectively. It is like considering a debt consolidation loan for your debts. Your ability to be patient and keep you head in a tense situation will also come in handy when working with creditors. Youll also want to keep that calculator handy and make certain you know how to use it!

Free credit repair and the do it yourself approach is possible and can be effective but for many people, the trouble is more than they bargained for and they would rather pay the fees to have the dirty work done for them. The decision is yours. All you need to do is determine which approach is right for you, dont give up, and keep your eyes on the prize!

About the Author:

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Horizon Gold Card

By Daniel Moskel

The Horizon Gold Card is an unsecured shopping card, meaning that it is only accepted at one specific Web site.

Often, people with poor credit scores will apply for this card because it reports to a major credit bureau.

They guarantee approval and do conduct a credit check. There is no minimum income requirement, or employment verification.

The initial credit limit will be $500, and they charge an application fee as well as a monthly fee.

However this card is only accepted at one location. We highly doubt that the goods sold at this location are quality or durable goods.

In addition, there is the possibility that they could manipulate the prices for the goods that they sell. They also charge a processing fee for every purchase.

Further your account is only reported to one bureau. This can only help one of your credit reports. If a potential lender does not check that bureaus report you are in the same place with or without the card.

While it is a good idea to take steps to improve a low credit score, this is not a step that we would suggest.

As an alternative, we recommend applying for a secured credit card, which will guarantee approval and report to all of the three credit bureaus.

A secured credit card is accepted everywhere. You will be required to secure the card with an initial deposit, but as long as the account is closed on good terms, your deposit is fully refundable.

While it is important to have positively reporting accounts the most effective method of improving your score is by removing negative items on your credit report.

There is a lot of information that says a negative mark must remain on your report for seven long years. This couldn't be further from the truth.

In reality every mark can be removed from your report. You do not just have to live with the high cost of bad credit.

Congress passed legislation to protect you and your report from unethical lenders and collection agencies. This legislation is the Fair Credit Reporting Act and it says that a negative item can be reported for a maximum of seven years.

However, no mention is made of a minimum amount of time. In addition, there may be mistakes and inaccurate information on your credit report. In fact, it is believed that one-quarter of the population have incorrect items on their credit reports that could be costing them a lot of hard-earned money in higher interest rates.

To conclude, we do not recommend the Horizon Gold shopping card, we suggest getting a secured credit card instead. Also keep in mind that you do not need to live with a poor credit score. It is your right to contest derogatory items on your report and have these marks removed.

Getting rid of these negative marks is the best way to increase your credit score and give you and your family a higher quality of life. In addition, there isn't a better feeling in the world than knowing that you can be approved for a new line of credit.

About the Author:

Instead of the Horizon Gold Credit Card we suggest you look at some prepaid credit cards and Bad Credit Cards. For a free credit consultation call 1-800-253-3735.

?Mortgage Foreclosure Solutions: An Honest Guide

By Michael Geoffrey

Alright boys and girls you are staring foreclosure right in the face and now you need some practical mortgage foreclosure solutions to help you keep your happy home and make sure your lovely wife doesnt leave you for the mailman.

There are lots of nonsensical, dramatically emotionally ways to deal with foreclosure. For example, you could run screaming down the street. The grand majority of these style solutions, however, are not going to do anything to help you in any real way. In order to keep the banks loan officers off of your back, you need a strategy that has been better thought out.

Let me just say that blowing up the bank, while assuring you national television coverage, is also not one of the effective or practical mortgage foreclosure solutions that you can turn to. Just when it seems like your options are limited here I come with some of the best advice you will ever get and I am going to give it to you for free. Thats right! For free and you can thank me later!

From the list of effective and practical mortgage foreclosure solutions you can choose machine gun nests. What do you say? How can machine gun nests help as one of the mortgage foreclosure solutions? Well that is simple. When they come to serve you with eviction papers they will see the machine gun nests and think twice.

These machine guns do not have to be loaded or real. The idea is to scare off your foreclosure enforcing enemies. The power of fear can keep you in your home until the police decide to lock you up in jail for using the machine guns.

The Circus Is In Town!

If you have a big back yard, opening up a circus and using the proceeds you earn to pay off your mortgage is another great idea to go with. It is quite a surprise that more people do not use this method to avoid foreclosure. As long as your backyard is about the size of three football fields and you have access to a canvas tent that can house 5,000 guests and the members of a circus, this can work for you.

Then you need some elephants, clowns, peanuts, and popcorn and your mortgage foreclosure solutions just fall into your lap. It sounds like the perfect and easy solution but it is a lot of hard work as making popcorn just right takes a little effort. But beyond that your own backyard circus is sure to be a big hit with the entire neighborhood and it helps you pay your mortgage as well.

About the Author:

Are you sick of buying financial guides that make great promises but just don't deliver on those promises? We offer unbiased reviews of many resources in the debt, credit, investing and real estate markets, to name a few. Visit http://www.financeproductevaluations.com to take a look at our latest reviews, such as our current top pick 24 Hr Credit Fix.

Common Types Of Land Loans

By Spencer Hall

If you are interested in buying some land and want to know what type of loan would be ideal then this is the article for you. If you have some money to put in as a down payment then there are currently a few options for you.

Banks will look at your desire to buy land with a skeptical eye. Why do you want it and what exactly do you plan on doing with it. On top of that they will of course wonder how much money you are putting up for the project and how on earth will you make the required monthly payments on it. If you can answer these questions then good for you. If you can not then you are likely in the wrong business. Banks like safety and if you offer them none it will be really tough to get money to buy your land.

In addition to the fact that it is raw land there are a lot of other variables. One of the bigger variables is what type of land it is. If it is farm land that has yet to be farmed then it is going to cost a lot more to finance then if it is an empty lot right next to a thriving development.

If it is raw land that is not even hooked up for sewage and electricity then the bank will want even more money to finance the project. This is again because of the risks involved from the lenders perspective.

Make sure that if you are developing raw land you get a staked survey done and that you know for sure if you can get the required permits and utilities that you will need later down the road. If you have plans to immediately build on it you will have an easier time getting it then if you want the land for pure speculation.

When it comes to financing the project you may be amazed to learn that home equity loans are usually cheaper then a direct loan. Why is this? Mainly because you will work harder to keep your home than to keep an empty parcel of land. Remember that banks love certainty.

Land loans usually have a ten to fifteen year term. Homes have thirty years but you live in them and they are a finished product. Raw land is not so the bank will not take on the extra risk of sitting on it for thirty years.

If the land is owned and held as an investment then you may be in luck. Many times the interest involved in land loans is tax deductible. And as we know anytime we can save money from the IRS is a good time.

About the Author:

Spencer educates people about bad credit home mortgages, guaranteed payday loans, and home loans for bad credit.

Get Your FICO Score Up Now!

By Frank Milstone

A good credit score is important to your financial situation in this real estate in these market conditions. Now that banks are making it harder to be considered for a loan or mortgage, your credit report may be more important than ever. In this article, we're going to find out how you can raise your FICO score quickly and easily.

Charge offs should be removed from your credit report if you want to improve your FICO score. Charge offs can have a real nasty effect on a FICO score. You do not want them on your credit report. If your credit report indicates a couple of charge offs, there are still ways of getting them off. This will improve your FICO score and give you lower interest and monthly payments in return.

Beginning the process of charge off removal begins with obtaining a copy of your credit report. You have the right to 1 copy of your credit report per year. This allows you te investigate what your credit report says.

It's not rare to get a mistake on your credit report. When you spot a mistake, compose a real letter to the credit agency. Do not write an email, write a real letter. An old fashioned letter, with ink and a stamp. If you do not receive word from the bureau within 30 days, the charge is dropped from your credit report. This means an increase in your FICO score

It's these small things that count most in increasing your FICO score. Just a small difference in interest for a mortgage or loan can save you thousands of dollars over the course of a few years. So be picky when going over the report.

It's not a lot of fun, checking out a credit report. That's probably why most people never do it.. People take for granted that no mistakes are made. But a lot of errors are made by credit bureaus. You can get charge offs removed and increase your credit score. The only thing you need to do is your preparation and write a letter to credit bureaus. You can save thousands and thousands of dollars just by taking action.

About the Author:

Frank writes about financial matters and about lenen zonder bkr and geldleningen in Dutch.