| Start building positive credit history in 3 simple steps
Credit history, credit score, credit report-- these words will greet you sooner or later when you apply for a loan, mortgage, rent an apartment, apply for a job, or last but not the least apply for a credit card. Efforts towards building a good credit history should begin early, right from the student life. Ironically most of the students are not aware what is needed to build a credit history. In this article we look at three simple steps that can get you a jumpstart towards good credit history. 1. A checking or savings account Begin with opening a checking account in your name. This is the first step towards acquaintance with banking and financial institutions. The idea is to open a bank account as early as possible, keep it in good standing, and it should reflect financial stability.
5 small mistakes that cause big damage to a person's credit history
Credit history and credit score if good can get us good loans and credit cards at better terms. We make a lot of efforts to remain in good books of credit rating agencies. But little things such as those listed in this article if not taken care can do serious damage to a person's credit history. Make sure you don't make these mistakes. 1. Not checking credit reports for wrong credit card charges can land you in serious trouble, and adversely affect your credit score. All this for only a simple fault that you didn't keep track of your expenses, false charges increased your monthly credit card bills, which you weren't able to repay and got a negative mark in credit report. Isn't that silly? .
All’s shipshape for the future
THE majestic cruise ship the MV Balmoral sailed into Newry's newly-refurbished Victoria Lock on Thursday marking the completion of an 841,000 cross-border initiative.
The ship's short journey from Carlingford Lough, organised by Newry and Mourne District Council and Louth County Council, was to celebrate the official opening of Victoria Lock Gates by Rural Development Minister Michelle Gildernew.
Mayor of Newry and Mourne Michael Carr was also on board both the project and the ship.
"The original launch of this initiative back in June 2005 was one of my first engagements as deputy mayor and now two years on, with my term almost at an end, I am delighted to acknowledge the completion of yet another project undertaken by both councils," he said.
The project, which also saw the renovation of Carlingford Lough, was made possible by Interreg IIIA funding.
New Millennium Bank Platinum Visa or MasterCard: A good secured ...
A secured credit card is a special type of credit card issued against a collateral. People with not so perfect credit history find, these type of credit card very useful. Not only such credit cards are easier to obtain but there use is also reported to major credit bureaus and hence they are a good instrument to improve credit ratings. The New Millennium Bank Platinum Visa or MasterCard is one such credit card. In this article we will take a good look at various benefits offered by it. Standard features No CREDIT CHECK
Approved REGARDLESS OF CREDIT HISTORY
Credit Limits UP TO $10,000
Reports to ALL 3 BUREAUS
Get CASH AT OVER 740,000 ATMs .
The cruelest card
Pay down debt: The closer you are to the limits on accounts, the more it lowers your score. Get your available-credit-to-credit-used ratio under 50%.
Loan yourself money: Open a savings account and take a loan with the savings as collateral.
Keep older accounts: You need to show stability on your credit history, so keep accounts that have been established for more than three years.
Check your credit: By law, you're allowed one free copy of your credit report each year from each of the three credit bureaus. Printer friendly version Comment on this story Send this story to a friend Get Home Delivery .
Tax credits - claim quickly
AROUND 20million people who receive tax credits have until July 31 to renew their claims or payments could be stopped. HM Revenue & Customs (HMRC) have sent out renewal packs. These contain forms which claimants must complete if their circumstances have changed. If they have, claimants need to return the completed form now, or call HMRC on 0845 300 3900 and they will do it for them over the phone. This way, HMRC can make sure tax credit claimants are getting the right money. Tax credits provide support to 20million people, including around six million families and ten million children. Further information and frequently asked questions about tax credit renewals is available from taxcredits.direct.gov.uk The Tax Credits Helpline number is 0845 300 3900 for Great Britain, and 0845 603 2000 for Northern Ireland.
Pump up your credit score
With the peak home-buying season kicking off, savvy buyers will be scouring newspapers, checking the Internet and pounding the pavement, not only for the perfect house, but also for the best mortgage rate. Shopping around is important, but it shouldnt be the only strategy for getting the lowest interest rate. Just as crucial is making sure your credit report is in good shape. Lenders view your credit rating as your reputation, said Lucy Duni, director of consumer education for TrueCredit.com, a Web site run by the national credit rating bureau TransUnion. People with the highest credit scores get the best rates, while those with the lowest scores may not even qualify for a loan. Ideally, you should begin steps to spruce up your credit report at least three to six months before applying for a mortgage, Duni said.
The Poverty Business
Its headline is "The Poverty Business," and it's all about American companies zealously targeting America's working poor as a new profit center - with sky-high interest rates and "gotcha" deals that no self-respecting middle class American would dream of taking.
The formula? Need plus desperation equals big, fat profits.
This hour On Point: How growing rich on the poor works.
Quotes from the Show:
"This is not just a business story but it is a business story." Keith Epstein
"One thing that's new is the size and the sophistication of the firms involved." Paul Barrett
"We have a business and political culture in this country where a predatory greed is seen as a high aim." Listener
"The real problem is that the financial system is not designed to serve them [low to moderate income families].
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