Use your financially prepared to buy a home

You need a new home. Perhaps this is the first time I saw the sale of property, you may need to hold investment property, or perhaps this will change from a life determined. You can even sell real estate magazine in the pickup, there are some important steps, you should. Yes, you need to get better financial management. By addressing the credit problems, pre-admission, and your financial situation, you can expect better access to the sale This is the most suitable for your house需要.

New home sales and your credit

The problem in advance, approval and your credit card when you do go hand in hand to sell houses. Why do you want before you in advance homes for sale approval? It will take time. Like the actual sale of property visits, procedures necessary for the mortgage will take some time. This also gives you a little to make you see homes for sale Yehao idea. However, the take of water. Just because mortgage brokersTo tell you that they will approve a certain amount you, does not mean you can afford it. Only you know your true financial position.

Your credit and credit score, it will directly affect both the amount of your loan and the interest rate you pay. Therefore, the monthly payments, thus affecting the housing sales price range you can find what you choose to view. If you have your own finances, appeared in less than optimal number of steps to sort and then come outHomes for sale. You can check to repay the debt or the relevant body to deal with all three credit issues.

Do you know your FICO score, if you sell the property. If it is at 650 for 6 months time to consider your credit card before, even in the maintenance of the selected houses for sale within the scope of one. Just six months you will use your credit rebuild your home during the long-term loans may be thousands of dollars in interest.

Homes for sale knowledge, you canBar

Once your credit and financially, you can look at homes for sale. But wait! As you know, what is your price range then? Do not base on what lenders are willing to hire you decide! Do you know who see all the houses for sale foreclosure, you are in the market? It was loaned these people money to buy.

You need one that the current costs associated with family ownership-related expenses. If so, you will be the first time I reallyWell, there are related costs: mortgage insurance, flood insurance, housing, insurance, taxes, lawn and home maintenance and utilities. The cost of their own homes can not exceed the combined total of one third of net wages. Some experts recommend that you sold in the market about 2.5 times the total income, for home. The bottom line, you have to do some digital processing, you must begin to sell real estate views.

Standard & Poor's credit - the opportunity to fund your needs

Although you do not make timely payments in the past have been in your name many other similar mistakes, if you are willing to meet certain conditions, the conditions can still find bad credit in today's highly competitive personal loan loans.

You should see, with your FICO score the size of the main stand. That most people who has to carry the risk of higher-value less than 600 is better to have a clear startContribute to the improvement of debt guests, and pledged to repay the loan installments on time. You should also have their own credit reports to ensure that all pay for the appropriate product also includes a copy of responsibility. The report is critical to determine the loan terms for you.

Equivalent, depending on your needs, bad credit secured or unsecured personal loans to choose. Larger quantities of up to € 75,000 under the loans can be secured on yourAt home or in smaller number, estimated to reduce the mortgages on property. Because of your mortgage interest rate is generally low. The two sides also facilitate the repayment period within the 5 to 25 years.

For the household-free guarantee mortgages. Homeowners can also choose these loans. You can borrow up to € 25,000, because it is your repayment ability. He wore a 5 to 10 years was too short. However, the interest rateHigher, making it an expensive loan.

First of all, applies to the number of poor credit personal loan offer. Comparison and found that some of them offer more than others in an appropriate slowed a lot. Usually you can line these loans, which also reduce the additional costs of the borrowers. In order to improve your evaluation to take advantage of the timely repayment of loan installments.

Credit report and credit score for personal

In today's world, the key is to maintain a reasonable credit score, especially if you intend to make, such as houses, cars the main procurement plans. If your credit score is 700 or more, your chances are to deny loans to very low, although the three A credit is a luxury that only a few people actually achieve this goal, due to poor financial decision-making dream. However, you can credit rating system, know your guests up and maintainKnow your status. Therefore, you decide to shop house or a car loan interest rates can just start saving hundreds or thousands of dollars. This also implies a distinction between the approval or denial.

What is the credit report?

Your credit report information, construction, personal information from a relative, your income and borrowing habits. It lists what the creditors want to know before they lend money to you to decide whatAs

Ø How do I pay the bill

o your current and past work experience

o If you have been arrested or prosecuted

o If you have filed for bankruptcy

Ø your current residence, and past addresses, depending on your most recent address is in your time of

National consumer reporting companies sell the information in the report to employers, creditors and insurance companies, all the necessary information to make credit risk assessment of your application to rent or purchase housing, and theTo obtain insurance.

Get your credit report online

This is a Fair Credit Reporting Act, the three main part of the report of the company, TransUnion, Equifax, Experian, and to provide consumers free of charge from their credit report every 12 months (upon request). These companies are also promoting the privacy and accuracy of consumer reports will be charged.

You can get any one to write their own credit report obtained free of charge, suggesting thatDirectly from each of the three major credit bureaus, or use the online query system creators. AnnualCreditReport.com is cross-alliance is the Equifax, Experian-use website, it can be done quickly, it is easy for consumers to access the report of how they meet their legal requirements. You can order all three of each consumer reporting agencies, you can specify only one report once, or you are permitted by law, you will receive one free credit reportTo report annually on the report from each agency.

The only required information is to make your free credit report, your date of birth, name, address and Social Security numbers. Each consumer reporting agencies are different issues and verifiable information that is not only because all of your documents have been obtained from different sources.

We recommend that you have three, rather than assuming that they check all is correct, if the first, because all of the business informationFrom various resources, you have one, rather than the other an error.

Your FICO score

FICO is a company Fair Isaac, the company was originally created to compress into a unique number, the system's credit history, the major credit institutions, enterprises and banks, the creditors of an abbreviation of this system as a means to assess the credibility of the adoption.

Finally, it is a credit score of the main factors, such as theThe current loan arrears. Generally rest is for your guests is as follows:

o Hong Kong does not repay the loan, in each (as well as the debt secured type of credit cards, mortgage loans and the amount of guilt cycle, etc.) is about 30% of your guest.

Ø At least 35% of the FICO score, how do you succeed based on past debt.

0 15% of the guests are a as long as you have been using your credit problem is aLong-term credit history is to your great advantage. This is not because the young, or you can use the middle-aged no credit, if you do not use a long history of borrowing and repayment anything, loan or credit account, you can.

Ø 10% of the credit score is based on the amount of the above test to find the number of credit and allows you to access your credit report. The lower the number of tests are superior to a number of loan applications are frequently glanceLoans in a given period is negative, and through the eyes of credit institutions to prove that they have many sources to get the loan store many of the problems.

All of these factors determine the amount, making your credit score. This is a simple number, allowing you to receive any kind of loan is essential. Effective 657 and 700, as well as results, and with 700 or higher scores, you might think that a number of creditLenders. If you receive the results of 600 or below, you may have a little time and energy to re-invest in any type of loan before your credit application. In addition, the higher the value of a lower cost of credit will have a higher value, the net lowering interest rates, because they believe the risk is smaller than the lower value of some past issues, and increase the risk to lenders, so if you provide loan to show that it is at a higher speed, so thatLoan lender to pay more than a year ago.

Understanding of credit scoring may be difficult, but very useful. If you know about how banks and lenders, as well as how to evaluate you can confirm your credit rating, know you, you fell asleep the credit market spectrum, as well as how to choose you to improve your current and future financial situation.

What is your FICO score, which is how it affects your ability to borrow money?

We all know that we learn from these major credit bureaus and your credit history, in particular, is an important factor is the need to put together, your FICO score. So what is your FICO score, and how it affects your debt management decisions?

FICO is a company by the Fair Isaac, the company created a credit scoring system is a number, usually 350-850, the bank set up by the acronymCredit companies to develop proprietary algorithms, with the current 350 and 850 of the worst achievements are the best.

Although the algorithm is one of the close of business held in secret, in fact has been for decades, many people from the most important factor in a lot of words. For example, any late payment will lower your score, we give you, and other late payment and subsequent payments, the more reduction in the number of points.Total debt is another factor you each month. Another less important factor is your credit and credit made on your account number card number.

Any basis for the edge of about 620 points, and has less than 580 poor value. A value of 720 or more are considered very good, very good. A score, from 620 down to 720, is a gray area of thingsOne of your FICO score more than other factors more important is that you play in the credit decision.

Mortgage companies, banks, credit card companies and other lenders will provide your FICO as an extremely important factor in determining credit ratings to see if there is. The lender will also consider your guests, set the interest rate for you free of charge. All the other things that the more points lowerThe interest rate charged is to provide to you.

In many cases, of course, does not mean that any other and the current interest rate, the current demand for loans, the whole economy and a number of other factors on whether the loan and the lender what the rate will be a powerful influence.

Another very important factor, today is the widespread use of computers and the financial industry has changed dramatically in the past 20 years, while consumersFast and easy access to services and products through the Internet.

Although all of these on your FICO score change remains the most important tools and lenders, if not determine the final decision, of course, affect the "first knife" If there were a stack of loan applications, loan the face of the approval or denial.

Fortunately, the decline in the economy, there are options, even if your FICO score is low, you can stillThere are several options. The first thing you should do is bring the sports program, increase your credit score.

When you are the gradual elimination of reimbursement or negotiating with your lender's credit will gradually increase your overdue debt. And do not forget that this is late 30 and 60-day-old and owes a factor in the future with your credit score.

When you are improving, your guestsIn addition, other lenders may appear to be ready to have a higher risk and borrow money. The difficulty is, of course, such loans almost always carry a higher interest rates. If you are your best way to see if you can provide loans at the same time, and your FICO score increase in work effort.

Change of attitude, the credit in the changing economic

The first credit card appeared in boom times, the stock market crash of 1929. The second wave of the industrial revolution in the nation's factories to make a significant economic changes in the proportion of the population decline in agricultural employment. This change of emphasis in the economy meant that enjoy the Gilded Age, the capitalists and investors recession, new opportunities - will eventually lead to greater prosperityThe entire community.

The industrial revolution has made a significant contribution to a wide range of electronic consumer products are now widely used. Not surprisingly, precisely at this time is that the establishment of the earliest forms of credit assistance to the consumer's ability and desire to purchase new products.

The earliest example of the credit card is the famous shopping paradise, usually in charge of a metal plate card business. The main differences between these cardsToday's credit card bill that is outstanding is expected to be paid in full at the end of this month. A group of smart cards for the first time in the 20th century, but until the 20th century, 20 years, their use expanded to more than the rise of the automobile industry, and causing a direct result of a number of gas stations on pay cards, the use of passengers across the country.

30 years in the 20th century, a number of dealers to compare the "cycle of credit used in the formation of a system" with the mapOwners can balance of payments, but over time the amount of new Osama bin Laden - the cost and credit card between - and one that today there were major differences between the retail agreement. In the revolving credit facility from a large department store will be extended for 4 months of the repayment period of the first step, although not afford to buy any outstanding bills of credit paid in full. True revolving credit facility, will not appear in courtThe 20th century, 40's, when department stores started to develop, together with their membership cards had.

With the popularity of credit cards is a change in the attitude of the U.S. debt. Rather than blame the issues are very important and necessary to facilitate the luxury of saving, it is culturally acceptable to the people who matter the debt, they want to go, but necessary.

Despite efforts to reduce consumption of the establishment of the United StatesNot an incredible amount of goods actually on the market. Consumption and debt toward the new attitude prevailed, and by the 20th century, 50 years the advent of the modern credit card to prove this point. From the bank credit cards, such as the annual fees and interest on the new features after the First National Bank issued credit card, will be in 1966 and 1976 years later, renamed, visas throughout the world use today. MasterCard also in this period, was first introducedAppearance in 1980.

The credit history is closely intertwined with changes in the economy and from an agricultural society into a consumer spending. Of course, the credit card business has enormous influence and private life have been with more people, than it is now the issue is so important that they should be unprecedented.

Reconstruction credit personal bankruptcy

If you have a personal bankruptcy, layoffs, you can very clearly that your guests will be shot the lighthouse and the need to know the facts, you have to efforts to rebuild the credit as soon as possible. The question now is: What you can do and how long will it take?

Even if you swallow your pride and individuals filed for bankruptcy protection, this does not mean you will no longer be eligible for the credit risk. Said: "With this sentence, your credit score is for the foreseeable tankThe future, the best way to the edge of life from the dead back to your credit, through the responsible use of credit cards.

First of all, there are two basic types of credit cards, you want to explore, also. Have their own pros and cons, I will explain shortly, not only so that you can decide which option to provide you and your financial goals in the most meaningful.

Unsecured credit cards ", the name suggests, unsecured credit card issuers to provide safe, you do notYour payment will be. Thus, many of these cards charge 39 U.S. dollars a year - 150 U.S. dollars, each year, and the high interest rates and fees.

In addition, they will usually charge a monthly participation fee, most have a wide range of services, many other cards do not. In your first line of credit can range from 300 yuan - 500 million line of credit can be offset by the annual tuition fees and to authorize the use of fee collection.

GuaranteeCredit on the other hand ', secured credit cards provide you the loan you more confident, you will have your promise to pay, because you must ensure that an open savings account credit card issuers, they will need as you pay for an option.

Once the account is opened, the operation of your credit card as a standard credit card. The only difference is your savings safety net for your serviceLenders.

There is a big advantage to guarantee the credit card, you ensure that your credit card payment for the event, you have been to further financial difficulties and operational safety.

Whatever you do, do not make that does not require your credit card company to pay the monthly deposit into your savings account, an error. These savings will be used only if you default on the card.

YourLine of credit is usually equal to the balance of savings deposits, so if you have a deposit guarantee scheme, 500 dollars, your credit limit. If you raise your credit limit, which is as long as the resources to bail you simple.

如果你证明你有能力及时付款，您的信用卡公司定期检查您的信用报告，并可以告诉你，如果没有额外存放在您的信用额度偶尔增加。

After a period of timeIs usually a year or year and a half, they are even willing to be your initial deposit, and protect your credit card into a unsafe.

Determine which card is best for you is a very personal decision, can best be answered 11 correctly, your current financial situation analysis.

If you do not have sufficient resources to fund a savings account, you can pay higher fees, the current credit card company unsecured credit card idea is a viable stomachOption for you. However, if you have no confidence in themselves, do not you should choose a secured card "credit card or you will get a card all the perpetrators.

The length of time, in full to your credit card rise again, these issues include a variety of factors, how bad is your credit card, and then rely on bankruptcy, see your income and your debt-income ratios.

You should be able to make the motion like you have been discharged from bankruptcy as quickly as possible, and "According toYour level of responsibility "may be on your way to a good reputation as well as in 6-12 months.

Personal bankruptcy should help you to claw a way out of debt and rebuilding credit, must be very careful how you begin your name, beacon score and the financial credibility of the revival of the title.

Credit bureaus announced - Facts and Fiction

Yes, the three major credit bureaus Equifax, Experian and TransUnion. It is important to understand that the credit bureau file is just over. In short, they keep records of who is to give you credit, how much you have in the end, and gives you time to pay back. The three companies are listed, so that the sole purpose of corporate profits.

Credit bureaus according to law, you have no power. Do not run the bank, the police or its government, then theDo not be intimidated by them. However, since the information in a lot of money on the computer and its stored information is simple, there are a lot of mistakes. Public Interest Research Group estimates that more than three-quarters of the quarterly credit reports contain errors. Worst of all, their results, 29% of people have serious error, which denied credit than the statistical results. Since the office in the past so many mistakes, all of the federal lawCredit data are very of all ages.

Credit bureaus or rating agencies are not in the loan business, so they are not very concerned about your details are correct or not. You get paid to save data, and to pay the company's report, at your request.

Know your rights, the Fair Credit Reporting Act (FCRA) allows you to deny that you find each item is inaccurate, misleading or in your credit report could not be verified right. FederalThe overall purpose of saving is accurate, fair and confidentiality of information every "consumer reporting agency" (CRA) file. Take a look at your credit report for the list, as they say. This is your claims issues, these allegations and free of any investigation.

You can ensure that the Federal Trade Commission's website a more detailed check your rights:
http://www.ftc.gov/