Latest Articles from Credit Card Posts

Does It Hurt My Credit if Several Reports Run While Car Shopping?

May 11, 2012 | No Comments »

Auto lenders will often view your credit report prior to offering you an auto loan. The information in your report determines your FICO credit score, which runs from 300 to 850. This information will impact the terms of your auto loan, including the...

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Is your car a filthy mess?

May 04, 2012 | No Comments »

How about your home? Your office? Your yard? Im a little embarrassed to say yes, yes, yes, and yes. Or, at least, that was the old me. Im a hyper, busy guy, so everything was a mess. When was I supposed to find time to organize my stuff when I was...

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Is Unemployment Credible Income?

April 07, 2012 | No Comments »

Unemployment income is temporary income you receive when you lose your job. This money is considered income, though you do lose it when you return to work. When you apply for a bank loan, the bank looks for credible income from sources that...

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Article Indicates Mortgage Lenders Decided To Encourage Short Sales

Posted by Gregory Young at Feb 16, 2012 | No Comments »

 Are mortgage lenders finally “getting it?” Since the beginning of the housing crash so many homeowners have expressed to me their frustration trying to work with their mortgage company to arrange a reasonable short sale of their real estate. These homeowners could not comprehend why the mortgage lender believed it was in their interest to foreclose on a property and then own the real estate instead of working through a short sale to dispose of the property to a ready and willing buyer. 

  Bloomberg online published an article indicating many  banks have concluded  that moving property off their books through cooperative short sales is a better solution than foreclosure. The article states:    Lenders have routinely delayed or blocked such transactions, known as short sales, in which they accept less from a buyer than the seller’s outstanding loan. Now banks ha Read more…

Tags: Lenders Mortgage Lenders

Self-employed and have bad credit? Getting a loan with no credit check

Posted by Andrea Lewis at Feb 16, 2012 | No Comments »

If you have bad credit, home equity loans for improvements, debt consolidation and other financial needs have been pretty much off the table in recent years. The bailout of the U.S. banking industry didn’t extend to struggling small business owners.

However, there are financing opportunities for those self-employed business owners who take credit card payments from their customers. In recent months, unsecured business lending sources have brought forth new products and are approving unsecured business loans at a 12 percent interest rate without credit approval. If your home is no longer available as a source of cash, you might try working through your business.

Cash advance requires no credit check

A merchant cash advance is is an unsecured form of financing (meaning no collateral involved, unlike with a home mortgage) in which a business owner sells his or her future credit card receivables at a discounted rate.

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Tags: Bad Credit Credit

Why Compare Rates before Taking out a Loan

Posted by admin at Feb 16, 2012 | No Comments »

United Kingdom was badly hit the last recession and it left a deep mark on people’s finances. This is one of the reasons why a lot of lenders today are taking advantage of this. While high street banks are the still the leading source of loans in the UK, a lot of people who have suffered badly during the recession are not usually allowed to take out a loan from these banks because of their bad credit scores. Payday loan companies on the other hand accommodate these people. They allow them to make a loan in spite of the risk of not getting their money back or not getting paid on time. This is the primary reason why payday loan companies usually charge with higher interest rates because of these risks. Although some of these lenders make some sort of a background check, in almost all cases, they do not base their approval on your credit rating, so people with poor credit scores still have high chance of getting approved. Read more…

Tags: compare loans

Thank you letters…..Useful or completely useless?

Posted by Gregory Young at Feb 16, 2012 | No Comments »

I know that most decisions are made immediately but if the top candidate drops, then would they appreciate thank you letters you wrote earlier? Thanks

mod (andy) note: some very helpful responses (even a template written up for you) below

Tags: Thank Thank Lettersuseful

Credit Card Comparison Sites

Posted by admin at Feb 14, 2012 | No Comments »

The vast majority of people have at least one credit card, but often people have more than one. Many of those with credit cards are in debt because they opt to spend more than they can afford and their debt rises with each purchase. Unfortunately, credit card debt is all too common and people with credit card debt are looking for solutions to their problem. The fact is, with credit card debt, the problem often becomes so big that people are unable to make more than the minimum payment that is required for their cards each month and therefore they are going to spend hundreds – even thousands – of additional dollars in interest because they are unable to pay down the balance of their cards.

However, not everyone has credit card debt. Many people are responsible enough to pay their credit cards off in full each month, which allows them to avoid interest rates. Thi Read more…

Tags: Credit Card Comparison

How to Read Individual Credit Reports

Posted by Andrea Lewis at Feb 12, 2012 | No Comments »

Related Searches:

    There’s no escaping your credit report. This document is used to determine everything, from whether you can rent an apartment to whether you should be trusted with a particular job. While your credit score moves up and down as your financial situation changes, your credit report acts as a snapshot of your life and how you manage your finances. Although it can be pages long, all credit reports essentially include the same information, making them easy to read.

    Difficulty: Easy
      • 1

        Check to ensure that the identification portion of the report is correct.

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    Tags: Credit Credit Reports

    Our Real Estate Investing Model in Detail

    Posted by Gregory Young at Feb 07, 2012 | No Comments »

    - Can you tell me more about your model? – Why do you think it works? – Can I copy your model in my market? – How can I participate in it?

    Instead of responding to emails weekly around these topics, I thought I would take the time to write up a detailed review of our model.  I will take you through a specific deal we have just locked up and hopefully answer the majority of the questions we receive.

    Step 0: Learn your market and establish relationships

    Our model starts with doing the homework required to understand what a good deal means in your market and establish relationships with multiple agents.

    By putting in the leg work up front you can quickly understand what a good deal means and you can put yourself in the path of success by establishing relationships with agents who control the inventory.

    When you spend quality time with agents that control the inventory, you can share with them specifics on what you looking for.  W

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    Tags: Model Model Detail

    Many Chicago Consumers Living in Denial about Out of Control Credit Card Debt

    Posted by Gregory Young at Feb 03, 2012 | No Comments »

    Most Americans admit to being worried about the credit card debt crisis. But when it comes to admitting a personal debt problem, few seem willing to fess up.

    Nine out of 10 people polled in a Bankrate.com survey said that debt was not a source of friction in their lives. Yet statistics show that the average U.S. consumer owed approximately $4,200 in 2011. Something isn’t adding up.

    Time and time again, Chicago bankruptcy attorneys have seen clients fall deeper into debt because they are in denial that they need help. Had they taken action earlier – by filing for Chicago bankruptcy, for instance – they may have been able to stop foreclosure or make eliminating debt much simpler.

    Many times it’s easy to accept that a friend or neighbor is in debt – but hard to come to terms with the fact that you have a problem. There’s also the shame factor.

    Read more…

    Tags: Card Debt Credit Card Credit Card Debt Debt

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