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Will You Add? - Know Your Credit Score
I came to India in order to access its workforce and I expected that all college graduates have strong language skills in English. After I spent a couple of months, I found that Indian college graduates have a lot of potential to become great workforce; however, they need some training when jobs require them to speak and write in English competently. Especially when they work for companies headquartered in US, UK, Australia and Canada (and other English speaking countries), the training is mandatory. The followings are areas in which they need some training.Indian college graduates tend to write incomplete sentences and make many grammatical mistakes. Also they omit commas, periods and apostrophes. They often forget to capitalize certain letters, too. When they are instructed to not make those mistakes, they make a lot less mistakes. Also in most cases, they can find mistakes that they make. However, some training is definitely needed in
2. Pay down high balances
The amounts you owe on revolving credit accounts are responsible for 30 percent of your score. Steve says the fastest way to improve your credit rating is to pay down balances. After he advised one client to use all of his available cash to pay down his credit card bills, the client's credit score went up by 100 points. Keep revolving credit accounts under 30 percent of the available limit. For example, if your credit card limit is $10,000, keep the balance under $3,000. High balances adversely affect credit ratings. Plus, credit card debt is expensive to carry. Some cards charge up to 24 percent interest on unpaid balances. Are the designer jeans and fur jacket really worth that? Pay off your credit cards! You can also negotiate with your credit card company to reduce or eliminate interest charges and sometimes even reduce what you owe.
3. Make history with your credit
It's good to ha
There's a great little article ('Business Lifeforms') on the back pages of the UK's leading management magazine, Management Today each month. It's a spoof (at least I think it is!) about some fictitious key player in a fictitious organisation. For January, it's about Ken, who's a 'Facilities Manager'.Now Ken has seen it all and truly worked his way up from the bottom to the top. Until, that is, a couple of years ago when new MBA-armed suits took over and decide to slash Ken's department (until now, running very, very smoothly under Ken's watchful eye) and Ken himself. Of course it all goes pear-shaped and the top dog has to come grovelling back to Ken, offer him loads of money and a big car, basically to ensure that the toilets aren't 'backing up' any more!This is in dire
Your credit score is based on the information in the credit report. In the simplest terms, the score indicates how likely you will be to pay back a loan in full and on time. According to Steven Burman, president of Credit Advocates and an expert credit counselor, it reflects your credit history, how much debt you currently carry (called outstanding debt), how much debt you're already approved to carry in the future (add up the credit limits on your credit cards for the answer), how long your credit history is, and how timely you are in paying bills. The higher the number, the better your credit is, ranging from a low of 300 to a perfect score of 850. Do everything you can to improve your score -- it's even more important than saving money, in my opinion! Why? Because the higher your score, the better the interest rate you will get. If you have a very high score, you may even be able to buy a house with no money down.
Improve Your Credit Rating
Steve says that you have to take personal responsibility for your credit, and I agree. The first time many people see their credit reports is when they are about to purchase a home or a car. Because it can take about 3 months (and sometimes much longer) to change a credit score, if the score is wrong or low at that time, it could be too late to fix it. You could lose that fabulous apartment! Don't let that happen -- start changing your score today. Here are six proven ways to improve your score:
1. Check and correct your credit history
Thirty-five percent of your score comes from your credit history, according to Steve. Unfortunately, 70 percent of credit reports contain errors -- mistakes that can adversely impact your score! Mistakes range from the misspelling of names, to reporting wrong addresses or places of employment, to confusing the accounts of people with the same name, to including outdated information. You can and should report errors to each of the credit bureaus since they do not share information. You can file disputes by phone or by mail, but you may find that it is most convenient to dispute errors online. Once the credit bureaus receive a dispute, they have 30 days to investigate. If they cannot verify the information in that time, it is deleted or corrected by default. Once you dispute information, the onus is on them to prove it. If your payment was late once or twice and the creditor reported it to the credit bureau, you can ask the retailer or credit card company to issue a letter of correction. For example, many retail stores would prefer to keep your business by issuing a correction than lose it by refusing to. Always follow up on promised corrections by rechecking your credit report. If some of the accounts on your report are old and closed, tell the credit bureau that you don't recognize them. They will investigate, find that you are not a customer, and remove them. It's best if your credit report lists only active accounts. Even when some of the accounts are closed, having dozens of them may make lenders assume that you are not a stable credit risk.
2. Pay down high balances
The amounts you owe on revolving credit accounts are responsible for 30 percent of your score. Steve says the fastest way to improve your credit rating is to pay down balances. After he advised one client to use all of his available cash to pay down his credit card bills, the client's credit score went up by 100 points. Keep revolving credit accounts under 30 percent of the available limit. For example, if your credit card limit is $10,000, keep the balance under $3,000. High balances adversely affect credit ratings. Plus, credit card debt is expensive to carry. Some cards charge up to 24 percent interest on unpaid balances. Are the designer jeans and fur jacket really worth that? Pay off your credit cards! You can also negotiate with your credit card company to reduce or eliminate interest charges and sometimes even reduce what you owe.
3. Make history with your credit
It's good to hav
Postcards are highly regarded as a vital tool for promotions and advertising. It had valuably worked to help business make them recognized in the market. With this tool businesses were able to impart a valuable service of making people aware of the services they can provide.As a key towards successful marketing postcards can gain customer confidence and turn them out to be potential clients. However to successfully attain the needed sensation for postcards there are several factors that are needed to be considered.1. The designs – your postcards can speak for you. They represent and tell how good and effective your businesses are. You can creatively choose for designs from art work, paintings, images and illustrations. With the good hands of the graphic designers you can highly achieve the design that you want for material.2. Colors – colors were noted to be a vital factor of making any printed material look more attractive.
Improve Your Credit Rating
Steve says that you have to take personal responsibility for your credit, and I agree. The first time many people see their credit reports is when they are about to purchase a home or a car. Because it can take about 3 months (and sometimes much longer) to change a credit score, if the score is wrong or low at that time, it could be too late to fix it. You could lose that fabulous apartment! Don't let that happen -- start changing your score today. Here are six proven ways to improve your score:
1. Check and correct your credit history
Thirty-five percent of your score comes from your credit history, according to Steve. Unfortunately, 70 percent of credit reports contain errors -- mistakes that can adversely impact your score! Mistakes range from the misspelling of names, to reporting wrong addresses or places of employment, to confusing the accounts of people with the same name, to including outdated information. You can and should report errors to each of the credit bureaus since they do not share information. You can file disputes by phone or by mail, but you may find that it is most convenient to dispute errors online. Once the credit bureaus receive a dispute, they have 30 days to investigate. If they cannot verify the information in that time, it is deleted or corrected by default. Once you dispute information, the onus is on them to prove it. If your payment was late once or twice and the creditor reported it to the credit bureau, you can ask the retailer or credit card company to issue a letter of correction. For example, many retail stores would prefer to keep your business by issuing a correction than lose it by refusing to. Always follow up on promised corrections by rechecking your credit report. If some of the accounts on your report are old and closed, tell the credit bureau that you don't recognize them. They will investigate, find that you are not a customer, and remove them. It's best if your credit report lists only active accounts. Even when some of the accounts are closed, having dozens of them may make lenders assume that you are not a stable credit risk.
2. Pay down high balances
The amounts you owe on revolving credit accounts are responsible for 30 percent of your score. Steve says the fastest way to improve your credit rating is to pay down balances. After he advised one client to use all of his available cash to pay down his credit card bills, the client's credit score went up by 100 points. Keep revolving credit accounts under 30 percent of the available limit. For example, if your credit card limit is $10,000, keep the balance under $3,000. High balances adversely affect credit ratings. Plus, credit card debt is expensive to carry. Some cards charge up to 24 percent interest on unpaid balances. Are the designer jeans and fur jacket really worth that? Pay off your credit cards! You can also negotiate with your credit card company to reduce or eliminate interest charges and sometimes even reduce what you owe.
3. Make history with your credit
It's good to ha
I think we all know the answer to this question.Of course getting up in front of multiple, very qualified prospects for your product or service will result in additional interested parties willing to investigate or buy what you have to offer. It also establishes you as an expert in whatever you do.But that is not why I am writing this post.My main question for you is...Why don't more business owners use this most profitable technique?I think the answer to that question has to do with facing your F.E.A.R.Or the...Facts aboutExpanding yourActual and currentRealityIn other words...expanding your comfort zone to include being able to present an idea to more than one person at one time.Let's get right to the meat of this post...How do you overcome this fear and get yourself into a frame of mind to be able to use seminars to deliver valuable information and gener
1. Check and correct your credit history
Thirty-five percent of your score comes from your credit history, according to Steve. Unfortunately, 70 percent of credit reports contain errors -- mistakes that can adversely impact your score! Mistakes range from the misspelling of names, to reporting wrong addresses or places of employment, to confusing the accounts of people with the same name, to including outdated information. You can and should report errors to each of the credit bureaus since they do not share information. You can file disputes by phone or by mail, but you may find that it is most convenient to dispute errors online. Once the credit bureaus receive a dispute, they have 30 days to investigate. If they cannot verify the information in that time, it is deleted or corrected by default. Once you dispute information, the onus is on them to prove it. If your payment was late once or twice and the creditor reported it to the credit bureau, you can ask the retailer or credit card company to issue a letter of correction. For example, many retail stores would prefer to keep your business by issuing a correction than lose it by refusing to. Always follow up on promised corrections by rechecking your credit report. If some of the accounts on your report are old and closed, tell the credit bureau that you don't recognize them. They will investigate, find that you are not a customer, and remove them. It's best if your credit report lists only active accounts. Even when some of the accounts are closed, having dozens of them may make lenders assume that you are not a stable credit risk.
2. Pay down high balances
The amounts you owe on revolving credit accounts are responsible for 30 percent of your score. Steve says the fastest way to improve your credit rating is to pay down balances. After he advised one client to use all of his available cash to pay down his credit card bills, the client's credit score went up by 100 points. Keep revolving credit accounts under 30 percent of the available limit. For example, if your credit card limit is $10,000, keep the balance under $3,000. High balances adversely affect credit ratings. Plus, credit card debt is expensive to carry. Some cards charge up to 24 percent interest on unpaid balances. Are the designer jeans and fur jacket really worth that? Pay off your credit cards! You can also negotiate with your credit card company to reduce or eliminate interest charges and sometimes even reduce what you owe.
3. Make history with your credit
It's good to ha
Mention barter and many people think it was something those ancients did by swapping things for food and vice versa when money wasn’t around. Its time to wake up dude! You have been there, done that. You have bartered as kids. Remember those super hero comics you got for the baseball cards your pal didn’t have? Well, the news is, barter as a form of business is alive and kicking, and making fast inroads into modern trade.A standard dictionary defines barter as trading goods or services without the exchange of money. It is conducted between two parties who have products or services that each other need. The key word here is ‘need’. In ancient times, if a toolmaker wanted eggs, he could only get them if the egg dealer wanted tools. And if he didn’t, the toolmaker very well went without eggs. Or he went right back and clobbered the egg dealer silly with his tools to get those eggs! Err… this latter exchange may not qualify as b
2. Pay down high balances
The amounts you owe on revolving credit accounts are responsible for 30 percent of your score. Steve says the fastest way to improve your credit rating is to pay down balances. After he advised one client to use all of his available cash to pay down his credit card bills, the client's credit score went up by 100 points. Keep revolving credit accounts under 30 percent of the available limit. For example, if your credit card limit is $10,000, keep the balance under $3,000. High balances adversely affect credit ratings. Plus, credit card debt is expensive to carry. Some cards charge up to 24 percent interest on unpaid balances. Are the designer jeans and fur jacket really worth that? Pay off your credit cards! You can also negotiate with your credit card company to reduce or eliminate interest charges and sometimes even reduce what you owe.
3. Make history with your credit
It's good to ha
I do a one-man show.It goes by various names, but generally it pertains to selling, customer service, and to phone work.I suppose you could call me a Performance Artist.I perform, “live,” though I have been captured on audio and video. People pay admission to see me, to watch me as I speak about various things, sometimes using celebrity impressions and odd sounds and pantomime to vivify my points.When I succeed, my show is booked again, and occasionally the same people want to pay an additional admission to see a command performance.Call them crazy, but even I have “groupies.”But unlike going to hear some other Monologist, people who attend my shows don’t necessarily come to laugh or to see a drama unfold.They come to learn new interpersonal and trade skills, and to polish old ones.I’m held to a different standard than an actor or a humorist. Companies that stage my events and send people to
2. Pay down high balances
The amounts you owe on revolving credit accounts are responsible for 30 percent of your score. Steve says the fastest way to improve your credit rating is to pay down balances. After he advised one client to use all of his available cash to pay down his credit card bills, the client's credit score went up by 100 points. Keep revolving credit accounts under 30 percent of the available limit. For example, if your credit card limit is $10,000, keep the balance under $3,000. High balances adversely affect credit ratings. Plus, credit card debt is expensive to carry. Some cards charge up to 24 percent interest on unpaid balances. Are the designer jeans and fur jacket really worth that? Pay off your credit cards! You can also negotiate with your credit card company to reduce or eliminate interest charges and sometimes even reduce what you owe.
3. Make history with your credit
It's good to have some activity and history on the account. "Many people think closing accounts will make their credit look better, but it depends," says Steve. "Look at the accounts you are closing and keep the oldest one. Length of credit history counts for 15 percent of your total score."
4. Think twice about new credit
When you open a new credit card account, the creditor makes an inquiry to one of the credit bureaus to evaluate your history. The number of recently opened accounts and credit inquiries accounts for 10 percent of your score. (Note that checking your own credit report doesn't count as an inquiry, however.) "If you start applying for loans at an auto dealership or a bank and each one does an inquiry, it's a negative," says Steve. When a store sends you a sales pitch saying you're preapproved for credit, resist the temptation to fill out the application form. One credit card is all you really need. At any rate, closing an account doesn't mean it automatically disappears from your credit report. You have to ask them to remove it. Better yet . . .
5. Pay with cash
Using debit cards and cash are good ways to control your debt (and therefore maintain a great credit score).
6. Pay all your bills on time
Late payments can have a substantial negative impact on your score. For example, you can raise your score by as much as 20 points simply by paying bills on time for 1 month!
For more information on improving your credit rating, visit the Federal Trade Commission's credit repair page at www.ftc.gov/bcp/conline/pubs/credit/repair.htm. To dispute information in a credit report, here is how to contact the credit bureaus:
Equifax Information Services, LLC
Disclosure Department
PO Box 740241
Atlanta, GA 30374
800-685-1111
www.equifax.com
Experian
475 Anton Boulevard
Costa Mesa, CA 92626
or
955 American Lane
Schaumburg, IL 60173
888-397-3742
www.experian.com
TransUnion LLC
PO Box 1000
Chester, PA 19022
800-888-4213
www.transunion.com
Annual Credit Report Request Service
PO Box 105281
Atlanta, GA 30348-5281
877-322-8228
www.annualcreditreport.com
Annualcreditreport.com is the official site that helps consumers obtain the free credit reports they are entitled to annually, as required by law.
Reprinted from: Invest in Your Nest: Add Style, Comfort, and Value to Your Home by Barbara Kavovit © 2006 Rodale Inc. Permission granted by Rodale, Inc., Emmaus, PA 18098. Available wherever books are sold or directly from the publisher by calling (800) 848-4735 or visit their website at www.rodalestore.com.
Published by Rodale; June 2006;$19.95US/$26.95CAN; 1-59486-151-X
Copyright © 2006 Barbara Kavovit
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