Credit Information

Rebuild Your Credit the Right Way the First Time

If you are one of the millions of people out there with bad credit you need to step up and start doing something to get yourself back into credits good graces. Having good credit is the only way to assure that you will get the best interest rates on any loans and credit cards that you apply for. If you have bad credit you may not even get approved, then what? If you applied for a loan it was probably for a good reason, if you don't get what on earth will you do?

If you need to establish good credit here are some tips to help you succeed the first time out:

Get a copy of your credit report

Once you receive a copy of your credit report be sure to check it over carefully for any errors or omissions. If you see any at all, no matter how small they may seem, inform your creditors immediately. Give them a call first and then follow up with a letter. They will have thirty days from the time they receive your letter to get the problem fixed.

Lessen the number of credit cards that you carry

The fewer cards you have in your wallet the less money you will be tempted to spend.

For the love of green grass, pay your bills on time, every month If you don't pay your bills (electricity, heating, etc.) on time this negative behavior will be put onto your credit report. This report is how creditors decide whether you are responsible enough to handle more credit or a loan.

Make your credit card payments on time

Just like with your ills, if you don't make your payments it will be added to your credit report bringing down your credit score. You should always try to pay more than your minimum monthly payments if you can. This will help you to start chipping away at the principal debt, lowering the interest you have to pay each month.

If you are so far in debt that you cannot see a way out there are people and services that can help you. Get in touch with a reputable credit counseling service and see what they can do for you. Just be sure to check them out with your local Better Business Bureau first. There are many of these services out there that are just out to get your money from you and you don't want to get sucked into one of these scams.

Rebuilding your credit is certainly possible, all you need to do is decide that it is something you are willing to buckle down and do. Then go for it.

Martin Lukac, represents, #1 Loans USA, a finance web-company specializing in real estate/mortgage market. We specialize in daily updates, rate predictions, mortgage rates and more:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at


New FICO system could lift credit scores by including checking and savings history
You may soon earn a higher credit score if you balance your checkbook responsibly. FICO, the developer of the most widely used credit score, is rolling out a new score next year that considers how you manage your checking, savings and money market ...
FICO credit scores may jump, yet consumers should be waryCNBC
Here's How the New UltraFICO Credit Score Will WorkLifehacker Australia
New UltraFICO credit score will monitor how you manage your savings, checking and money-market accountsMarketWatch
The Seattle Times -Wall Street Journal -NerdWallet
all 103 news articles »

Harvard Business Review

The Art of Claiming Credit
Harvard Business Review
WOMAN3: He would often take credit, in small doses, but take credit for other people's work, or overhear someone say something and then at the meeting, where in front of the VP's, he would say that instead so that it seemed like his idea. And these ...

Stock-market investors are suffering from 'post traumatic volatility disorder', says Credit Suisse analyst
Credit Suisse's Jonathan Golub says an upsurge in volatility may be feeding on itself, leading to further wobbles in a market that was on the verge of busting higher just weeks ago. In a research report distributed Monday called “U.S. Equity Strategy ...

and more »

Business Insider

A $100 million trade shows how Credit Suisse is competing in a cutthroat race to snag the biggest stock trades
Business Insider
Credit Suisse is amping up risk by offering bigger equity trades to clients. It's managing this risk through a new so-called central risk desk. One notable trade in Europe this year was above $100 million, which is very large for the Swiss bank ...

and more »

Business Insider

YouTube TV is giving subscribers a $10 credit because the service went down — but you have only until Wednesday to ...
Business Insider
YouTube went down for an hour last week. People who pay a monthly subscription for YouTube TV are being offered a free week of service or a $10 credit, depending on how they pay for the service. If you were affected, you have until the end of Wednesday ...
YouTube TV offers subscribers free week of service as an apology for the recent outageUSA TODAY
Google apologizes for YouTube TV outage, offers free week of creditThe Verge
YouTube TV outage: company apologizes and offers $10 credit for Apple's App Store9to5Mac
9to5Google -AppleInsider
all 18 news articles »

Yahoo Finance

Major revamp coming to credit scores
Yahoo Finance
Major revamp coming to credit scores. Yahoo Finance Video• October 22, 2018. Some big changes are coming to your credit score and cash will play a big role. Yahoo Finance's Alexis Christoforous and Ethan Wolff-Mann examine the details.

Wall Street Journal

Lenders Share Their Underwriting Secrets With Credit Karma
Wall Street Journal
With more than 80 million members across the U.S. and Canada, Credit Karma has relationships with many potential consumers that banks covet. It also has access to financial data about prospective customers that banks lack. For instance, a tax ...
Some big US lenders to share underwriting models with Credit KarmaSeeking Alpha
I have £25000 in credit card debt – can I get a mortgage?The Guardian

all 4 news articles »


FICO's new credit scoring system to debut in early 2019
Ted Rossman, analyst, looks at FICO's new credit scoring system and if there are any benefits for consumers. FICO says 4 million customers may see a 20-point increase. Watch CNBC Live TV ...


Higher postal fees will cost Amazon more than $1 billion in 2019, estimates Credit Suisse
The proposed uptick in shipping and mailing fees at the U.S. Postal Service could cost Amazon more than $1 billion in 2019, according to Credit Suisse, which cut its near-term estimates for operating profit on the e-commerce behemoth. "As we roll ...

all 96 news articles »


Credit card rates on the rise
There are currently more credit card accounts in the United States than there are people, with the average American carrying 2.6 cards. Now, the cost of carrying those cards is going back up. "Right now, the national average credit card rate is about ...

and more »

Google News

home | site map
© 2007