| 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? .
3 compelling reasons why you shouldn't use a credit repair agency ...
Having negative entries in your credit card report? Looking for a credit repair agency to wipe out the blemishes. Stop! You could be heading for trouble. The three reasons listed in this article will open your eyes to the credit repair fraud. Read on to know how the credit repair companies are ripping you apart. 1. Credit repair companies take advantage fears of credit card holders with negative credit reports, and use it to fill up their coffers. To do this they aggressively market themselves as if they can get every single negative entry on your credit report removed. This is simply not the case. Naturally plenty of people see this as a great opportunity, aggressively marketing their credit repair companies to those in trouble. .
Extras can sink new-car budget
You've read the reports on your target vehicles and selected a model. You've spent hours haggling with a salesman. You've settled on a color with your spouse and on a price with the salesman, and you think you've got a good deal wrapped up. So you start to relax and reflect on how clever you are. Then they take you into the F&I office, and all of a sudden you're agreeing to overpriced undercoating, extended warranties, credit insurance and other extras that end up turning a good deal for you into a fleecing. Beware the extras in the F&I office. That's car-dealer lingo for the finance and insurance manager's office, and it's where many car buyers agree to deals they regret later. "It continues to be a huge challenge for the consumer, because those of us who worked hard to negotiate a price start to let our defenses down and often don't realize that when we get into the F&I office, that's a whole new opportunity to sell," says Jack Gillis, director of public affairs for the Consumer Federation of America and author of several car-buying guides.
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