Category: Credit

Tips On How To Repair Your Credit

Tips On How To Repair Your Credit

There are different ways that you can go about repairing your credit. Some of them may offer an “easy” way out, but you’ll have to pay the price-in money. Or some people will tackle credit repair by filing bankruptcy, which defeats the purpose and will hold you back from having a clean credit report for 10 years. Are there other ways that you can repair your credit without breaking the bank? Sure..

Your involvement in credit repair of your debts also involves discipline. You must focus on paying down your debts, eventually looking to pay them off. Paying them down is a good step to start out with. When you do that, points will be added to your credit score. When points are added to your credit score, your credit report becomes more favorable. It starts to show that you are responsible with paying your bills on time and managing your money.

Make timely payments. Credit repair should involve people making their monthly payments on time. This shows up on your credit report. It can also reflect your credit report if you’re not timely. If you can, make payments prior to the due date. At least you would have gotten them out of the way. Making timely payments is a significant part of your credit score.

If you decide to negotiate a settlement with your creditors, make sure you have the information in writing. It’s difficult to dispute anything if you don’t have written evidence to back it up. Effective credit repair involves written communication from both parties. After you have settled your debts with your creditors, have them send you a letter notating that. You will need the correspondence as proof to the credit bureaus that your debts have been paid.

Having good credit also translates into getting the best interest rates for credit cards. You would also be able to pick and choose what kind of credit cards you want. There are so many that offer various perks, such as points for frequent flyer miles, hotel stays and much more. Being diligent in your credit repair can help you get to this point.

With good credit, you would be able to get some of the best rates for your insurance premiums. Many auto and home insurance companies base their rates on your credit report and credit score. If you have a good credit score, then you will get the favorable rates for insurance. If you score is not that great, then you will end up paying a higher premium each month. Low credit scores are a factor for increasing points to car insurance rates. That’s why it’s important that you are consistently working on credit repair for to improve your credit report.

There are a lot of employers who are now jumping on the bandwagon to use credit scores as the basis of employment. You can be the best qualified with the skills needed; but if your credit report and scores aren’t up to par, then you can kiss that potential new job goodbye. Employers want to know if you can be a responsible person. They don’t feel comfortable hiring someone with a subpar credit score because it translates into creditability issues. Doing credit repair on your credit report can help increase your scores tremendously. What all of this boils down to is that good credit is the key to purchasing power and leverage. If you don’t have good credit, then you’ll have to work on getting it.

When trying to perform credit repair many folks make the mistake of doing it on their own. Use MSI credit company to do the work for you and do it right.

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Do not let erroneous credit reports hamper your financial future

Do not let erroneous credit reports hamper your financial future

‘To err is human’ – we have been hearing this old saying in our moral science classes during our school days. Now that we have come of age, let us include this in the credit scenario also. In other words, errors in credit reports are a common occurrence but it can have a devastating impact on your credit life if these errors remain unnoticed or are not corrected at the right time. Some of the common credit report errors include outdated personal information, mistaken or fraudulent accounts, and incorrect account details. These mistakes are usually committed by credit data furnishers who are responsible for collecting your credit related information which are further collated by credit bureaus like Cibil.

Your credit report contain your credit score which is an amalgamation of information related to whether you pay your bills timely, if you’ve been sued or arrested, or have filed for bankruptcy. This credit report comes to play when you decide to take house loans, car loans, credit cards, insurance, mortgage, etc. it is also required at the time of applying for telecom connection, employment opportunities and much more. Before giving you the approval, the financial institutions will first cross check your credit report with the bureaus. Only after they are satisfied that your report is okay will they approve your requests.

Since your credit report is furnished during such important times, it goes without saying that a simple error might spell doom to your aspirations. But how will you know if there is any error at all in your report or not? A simple solution to it is by applying for your credit report online. It is easy and fast. All you have to do is search for www.cibil.com, create a user login, fill in the form, make an online payment of Rs. 470 and you have the Cibil credit report in your given email address.

Once you have a copy of your report, you can check it for errors, if any. In case you find it, embrace yourself to dispute it. However, before you start, make sure it is not a trivial issue but a grave one so that it is worth taking up the cause. To start with, be ready with proper documentation to support you claim. For more clarity, underline or circle the error on the report and send it to the bureau along with your dispute letter. Remember to keep copies of it for your own records.

After your letter reaches the credit bureau, they will start investigating the error by forwarding your supporting documents to the data furnishers. Once they receive the complaint, they must act promptly on it by investigating, reviewing and coming up with the correction. They should also revert to the credit bureaus once they finish correcting it and should also update the changes in your credit report. After that is done, the credit bureau will give you a copy of your report and mention the changes properly in writing. If an investigation doesn’t resolve your dispute with the credit reporting company, you can ask that a statement of the dispute be included in your file and in future reports. You also can ask the credit reporting company to provide your statement to anyone who received a copy of your report in the recent past.

So, you can see for yourself how harmful an erroneous report can be for your future prospects. Hence it is only right to nip it in the bud and remain vigilant in the future. It is not uncommon for your report to contain errors. But to contest the point, you also should have all the paperwork ready so that you can furnish it if required. To help you out during such moments of crisis, there are credit health improvement companies like Credit Sudhaar who can help you get out of such troubles in the most efficient and professional way. The company has over the years earned recognition of providing notable services to over 3, 500 clients and have never once failed in delivering positive results.

They offer customized services depending on the kind of problem you are facing. But one thing is for sure – that they will always come up with solution that will only secure your financial future. Credit Sudhaar has a very competent team of professionals who are specialized in everything related to credit. So you can easily bank on them if you are facing any problem that might hamper your credit score.

Credit Sudhaar is India’s first Credit Health management & improvement company whose goal is to help clients to Restore, Enhance and Protect their Credit and make them credit healthy.

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Improve your credit health for better employment opportunities

Improve your credit health for better employment opportunities

In today’s competitive world, you cannot afford to be jobless especially after investing so much on your education. The meteoric rise of inflation only adds to woos. On the other hand, it is an uphill task to fetch yourself a decent job that matches up to your caliber. So when you manage to find one, you try to grab it with both hands. But when you keep going up the professional ladder and apply for top positions, chances are that your employers will check a lot of things apart from your illustrious resume. And one crucial thing that they will make it a point to check is your credit report.

Yes, you have heard it right! Though on the surface you might think how is your credit score linked to your job? However, in reality, it does affect your job prospects to a great extent. But before we go deep into the subject, we should first know the importance of a good credit score on your overall credit health. It is primarily a numerical expression that highlights your credit worthiness based on your previous records and experience with financial agencies. The credit score is maintained by credit bureaus like Cibil and Equifax. They in turn collate the information from data furnishers that might include creditors, lenders and utilities, debt collection agencies that a person has had a relationship or experience with.

Being credit healthy has its own perks and benefits. The credit score lies between 300 to 900 points and anything between 700 to 900 points is considered a decent score. If you come under this bracket, then you can avail a lot of benefits like lower interest rates on home loans, car loans and credit cards, can easily get telephone connection, insurance premia, rentals and a lot more.

And of course – a white collar job!

With the growing importance placed on credit scores, it has become inevitable to score good points because a poor credit history is sure to impede your professional growth. Bad credit has an adverse effect on job opportunities; so try to score as much as you can so that you might land up a coveted position in your career. Background check of credit reports have become increasingly common; Hence, know all the when’s and how’s that will improve your situation and increase your chances of getting hired.

One of the main reasons why credit checks are made by employers on prospective candidates is because the company wants to make sure how the candidate handles his finances. They will also check on accounts of debt collection, bankruptcies, a high debt-to-income ratio, foreclosures and tax liens. The employers can also find out from the credit report if the salary level of the candidate is too low for the level of debt the applicant is in. If it is a good report, it shows that he or she handles finances in a judicious manner and if it is a poor history, it indicates otherwise.

The good thing about examining the credit history of an applicant is that the he might fill in a position which requires handling of cash. In such a case, a responsible applicant is preferred over others and this responsibility is reflected in the timely repayments of loans and bills which are shown in the credit report. Of course, the employers will seek a written permission of the job applicant before going ahead with the credit checking process. But if the applicant does not give his permission, it gives a negative impression that he is hiding something. So the best thing to do is to furnish a satisfactory report and give your potential employers the permission to see it for themselves.

You can access a copy of your Cibil credit report through the credit bureau. Their website is www.cibil.com. Create a Cibil consumer login and password. After this, they will ask you to fill a form containing your personal information and email address. They charge an amount of Rs. 470 which you can pay online. Once the payment is done, they will mail you the online Cibil report on your given mail address. You can then show this Cibil score or Cibil report to your future employers.

And if you need guidance on how to improve your credit worthiness, then Credit Sudhaar is your answer. It is one of the leading credit health improvement agencies with a reputation of taking credit points of clients to new height through sheer professionalism and expertise. Their team of credit specialist will easily guide you through it so that you are hired for your dream job.

Credit Sudhaar is India’s first Credit Health management & improvement company whose goal is to help clients to Restore, Enhance and Protect their Credit and make them credit healthy.

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Some Free Credit Repair answers that will help

Some Free Credit Repair answers that will help

As you are in all probability substantially conscious of, your credit report is probably the most important component in your financial life. If you are experiencing troubles due to your credit score, and so you are in all probability inquiring about free credit repair. Before you can get into repairing your credit rating, you experience to first envision the importance and the kind of affect a poor credit score can experience upon your liveliness.

Unfavorable credit scores happen for a variety of reasons. Perhaps you were at a bad place in your life and had problems establishing payments. Maybe you realized difficulties and had to file for bankruptcy. Perhaps, you merely got in over your head, which goes on to a lot of us believe it or not. Nevertheless, in order to take advantage of free credit repair, you first have to realize what is connected to your credit report.

The first step to free credit repair is to get a copy of your credit reports. Yes, reports, because there are three major credit reporting agencies available, TransUnion, Experian, and Equifax. You should call or write them and request a copy of your credit report from each one. The good news is that in some places, you can receive on free copy of your report each year from each agency. If you do not live in those areas, the credit bureaus will give you a free copy if you have been denied any type of credit recently.

You should encounter your report within a maximum of two weeks. Here is where the free credit repair should start. When you obtain your reports, search them through carefully. Compare them with your individual records, understand what they are articulating, and make remarks of any faults that you learn. Even though record keeping has gotten improved with computers, numerous times masses have on their credit ratings due to errors.

If you receive errors, which may include points that you did not purchase or charge, such as in the cases of identity theft, or points that have been paid off but are mentioned as unpaid or payable, or details that you are current on, but are not evident in the credit reports correctly, you should take prompt action.

You can contact the credit bureaus in writing, giving notice them of the error and they will look into it. This is utterly free and costs you nothing. However, when it comes to free credit repair, you cannot plainly expect that they will take your word for it. If this was the case, on that point would be no such matter as a negative credit rating as everyone would be challenging and removing their bad debt.

When you write the credit bureaus in efforts to seek free credit repair, you want to provide as much information and substantiation of your claim as possible. This could be a receipt, a letter from the creditor, or even a canceled check. If subsequently looking into the claim, they find that there is an error, it will be instantly removed from your credit report.

Free credit repair also includes making payments on time, paying off old debt, and seeking credit counseling. All of these, even if you are late paying off your debt, looks better to creditors than not paying them at all.

If many of you would like much more informative subjects on this subject and how to repair credit or if many of you are in need debt relief Beatlands Credit Repair has many credit repair subjects and tips that can be
Learn some interesting facts on how marriage can influence your credit health

Learn some interesting facts on how marriage can influence your credit health

Marriage has been long considered as a ceremonious institution bringing together two likeminded individuals who wants to spend the rest of their lives together. However, in today’s fast changing lifestyle, marriage has also turned out to be a financial institution. It may sound a little weird, but it is very much advisable by financial pundits that before you commit yourself to matrimony, ask your partner about his or hers financial positions so that you are not disillusioned and have a clear picture ahead of you. This is to ensure that both of you are credit healthy and get your life rolling together.

With the Indian economy grabbing a center stage on the global front, things like a good credit score and such financial terminologies are garnering importance in our day to day lives. A credit score is basically a thorough report that reflects how much credit worthy an individual is. In India, there are credit bureaus like Cibil and Equifax who collate the data from creditors, lenders and utilities, debt collection agencies that an individual has had a relationship or experience with. A credit score starts from 300 to 900 points and anywhere from 700 to 900 points is considered as decent to excellent.

Now coming to marriage, the question looms large in the horizon as to whether or not the Cibil credit report will affect your individual score or not. Though it is taken for granted that after marriage the couple shares everything, it might not necessarily include the credit report. Both of you will continue to have your own Cibil report indicating your credit history without any influence of your partner’s score. Even if your husband or wife has an incredible Cibil score, it shall in no way make your score reach greater heights. Same is the case with a bad credit score.

However, if you both want to apply for a home loan, car loan or even a credit card, the bank will scrutinize both your credit scores. If both the credit reports are satisfactory, chances are very high that the loan or card will get easily and quickly approved. Moreover, you might also be lucky enough to pay a lesser rate of interest. On the other hand, if both the credit scores are on the lower side of the score card, then chances are slim that your loan will be approved, let alone lower rate of interest.

Also, you have to keep in mind that in case of holding joint accounts, both the husband and the wife is responsible for monthly loan repayments as well as payments on credit cards. In case both the scores are lopsided, you two will have to sit down and chalk out a plan as to whether you want to do it jointly or get rid of this plan entirely. And if you want to stick to it, then it will increase the score of the one with a bad credit rating which will help in the long run. However, if the healthy credit bearer applies for a loan, then interest rates will substantially come down.

You can also get the Cibil report online which is easier and faster. You simply have to create a Cibil login and password on www.cibil.com , fill in the form details, pay Rs. 470 through online transaction, and your online CIbil report will be sent to your given email ID.

These are very crucial matters that have to be dealt with in consultation with credit experts. As these issues are coming up on the surface on a daily basis, so are the specialists! But one credit health improvement company that has provided valuable and customized service to its customers is Credit Sudhaar. As the literal meaning of its name ‘Sudhaar’, the company leaves no stone unturned to improve and better the credit scores of its esteemed customer base. They have set a firm foothold in this niche market owing to their team of credit specialists who bring on board years of experience in this domain. They have a straight forward four step approach to resolve any credit related problems, no matter how bad the situation is, and in the process, take your credit score to newer echelons.

All said and done, the bottom line is to see each other through during good times and worse as you had promised while taking your marriage vows. And this essentially includes finances – because money matters!

Credit Sudhaar is India’s first Credit Health management & improvement company whose goal is to help clients to Restore, Enhance and Protect their Credit and make them credit healthy.
Top three mistakes people make when applying for bad credit auto loans

Top three mistakes people make when applying for bad credit auto loans

Most of the consumers with bad credit do not even dare to think about buying a new car. They feel hapless and impaired when it comes to applying for bad credit auto loans. Today, getting an auto loan, even with seriously bad credit is no longer difficult. All you have to do is be extremely honest and fill in even the minutest details on the application form accurately. There are certain commonly made mistakes, which when avoided will prevent any further damage to your credit.

There are numerous lenders who consider bad credit auto loans to be a risky investment and therefore prefer not to indulge in it. Most of the credit challenged consumers often put an end to their dream of buying a new car because of the embarrassing rejections that they have often faced while applying for the car loans. You too may have dreamt of buying a car either for your personal comfort or for business purposes but, due to your adverse credit status, your dream never met the reality. But now is the time to live your dreams as it is no longer difficult to avail bad credit auto loans.

Mistakes when applying for bad credit car loans

In spite of an adverse credit history, you too can have the opportunity of buying your dream vehicle. All you have to do is cautiously avoid certain pitfalls which most of the bad credit auto loan consumers often make.

Providing inaccurate information

When applying for bad credit loan for used cars as well new cars, you have to be immensely honest in filling up the credit application form. You have to precisely fill the exact details in your bad credit auto loan application. Do not ever exaggerate your income and provide false and inaccurate information, as the lender will definitely verify your information before disbursements of any funds to you. Generally, the lenders who deal in bad credit auto loans thoroughly inspect and verify each and every aspects of the information provided in the application form and pass the loan only if they are completely satisfied. It is therefore wise not to risk your chances of approval by providing wrong information in the application form. So, while filling in the credit application forms, make sure that you have all the possible required documentations.

Buying a car with no extended warranty

Always avoid buying a bad credit auto loans vehicle without any extended warranty on it. In a craze to own a car, you buy one without any warranty, but the real problem arises when your car breaks down in the first year itself, thus leaving you helpless. It is therefore always better to confirm with your dealership about the extended warranty beforehand. Most of the dealers do provide warrant. In case if they don’t, you can even opt for the option of purchasing the warranty.

Purchasing the car you cannot afford

Most of the consumers with bad credit at times attempt to purchase too expensive car. Since you are already facing financial crisis and have a bad credit, you must avoid any attempts to ‘over purchase’. You are already in the state of rebuilding your credit status; you have to be smart enough to avoid any further damage to your credit. Besides, most of the lenders would not even approve your bad credit car loan, if you attempt to purchase a car that is difficult for you to afford.

In order to avoid further damages to your financial and credit card status, it is advisable that you carefully avoid these mistakes, which most of the bad credit auto loan consumers make, and successfully own a car.

If you have a bad credit and planning to buy a car with bad credit car loan or bad credit auto loans, visit www.autocreditmax.com. Auto Credit Max provides huge selection of cars, trucks, vans, and SUV’s through several of their dealerships. They have plenty of available financial options for good credit, bad credit and even no credit.

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Reap the fruits of a good credit score while applying for Home Loans

Reap the fruits of a good credit score while applying for Home Loans

It is after months of savings and years of aspiration that you finally decide to purchase your dream house. And if you are living in any of the metros or tier I cities in India, taking a house loan is unavoidable if you belong to the mid-income group. This again entails a thousand odd processes and acute planning down to the finest detail. In the entire procedure, buying the house at the earliest remains your top priority. But what will you do if your loan is rejected even after providing all the credentials and documents? It is only natural to get disappointed.
However, if you try to find out the actual reason of rejection of the loan, you might be surprise to know that it is due to your low credit score. To begin with, a credit score is basically a number that indicates the credit worthiness of any individual based on a thorough assessment of the individual’s credit history so far. This credit score is collected and collated by credit bureaus – mainly Cibil and Equifax – and they in turn get hold of the information from data furnishers that might include creditors, lenders and utilities, debt collection agencies that a person has had a relationship or experience with.
Now that you are aware of what a credit score is, you should also know how it is intricately related to your day to day life and why it is important to maintain a healthy credit report card. If the credit report is satisfactory i.e. you have commendable credit points, only then will the bank approve your loan. Not only in the case of loans, but also while applying for a telephone connection, applying for jobs, insurance premia, rentals and a lot more.
Essentially, if you can boost of a healthy credit score – ranging in and around 700 to 900 points – chances are very good that you might end up saving thousands or even lacs of rupees in the form of interest. This is mainly because banks provide succor by offering credit facilities at lower rates of interest. The Cibil score also enables the bank to find out who actually qualifies for a loan and at what credit limits. In other words, by referring to the Cibil report, they can easily analysis which customers will prove instrumental in bringing in more revenue for the bank.
In line with being a credit conscious person, you should also keep in mind that your name does not feature in the defaulters lists. If it does, then it is considered as a discouraging sign which will take dedicated effort to increase your points and bring your score to normal. Also, it is not necessary that timely repayment of loan is the only criteria to avoid being featured on the defaulters list; there are other issue too that come to play.
There are credit health improvement companies that help you in growing your credit points to maximum. One such company is Credit Sudhaar, a reliable and notable company that helps you remain credit healthy. They have credit specialists and certified counselors whose expertise lies in interpreting your credit report, identifying the issues with the report, comprehensive analysis and then organizing a step by step plan to improve your credit health. Try out their outstanding services and make the most of higher credit points.
So now that you have seen a broader and clearer picture, you will be more aware from now on to remain healthy – credit wise. Maintaining a healthy credit regime can only land you on a safer side besides earning you more money in your bank account. You can also up your credit score by avoiding too much loans and credit cards because mongering for them will give an impression that you are a credit hungry person for whom ‘more is less’.
Once you have recorded a satisfactory credit score, you are placed at a comfortable position to start making plans for purchasing your dream home. Make the most of this healthy state of finances and start looking forward to living in a new home and spread the word for a sound credit health.

Credit Sudhaar is India’s first Credit Health management & improvement company whose goal is to help clients to Restore, Enhance and Protect their Credit and make them credit healthy.

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How to get a bad credit car loan?

How to get a bad credit car loan?

According to AWARE, Americans Well-Informed on Automobile Retailing Economics, “Almost three out of four consumers, purchase a vehicle without researching on the financing options.”

Getting bad credit car loans is not an easy task. Lenders generally divide your credit history into situational credits and habitual credits. Situational credit is normally used in the context of those people who makes timely payment which is otherwise obstructed due to certain major unforeseen contingencies in their lives. While habitual credit involves those who have had problem with their credit over many years. There are very less chances for those with habitual credit history to get their bad credit car loans approved. Even if their loans are approved, they will have to pay extremely high interest rates.

Bad Credit car loans

Credit challenging consumers can often qualify for bad credit car loans with decent terms if they clear off their bad credit to some extent and apply for bad credit loans for used cars or even new car at the right place. Given below are some of the tips that will help you in getting bad credit auto loans at affordable rates.

Get a pre-approval on your bad credit car loans

On getting pre-approval on your bad credit car loan, your credit is pulled before you visit the dealer. Pulling up of your credit before visiting the dealer enables you to rectify if there happens to be any error on your credit report. On availing pre-approved bad credit auto loan, you know your financial limitations beforehand. Thus, you don’t end up setting your heart on a car that you actually cannot afford. With pre approval on your bad credit car loans, you are aware of the pre-set amount and thus it becomes possible for you to narrow down your search and look out for cars that can practically be bought within your limited budget.

Thoroughly read your bad credit car entry for mistakes

Once you have a credit report, you must check it thoroughly for mistakes as there are greater chances of credit bureaus reporting incorrect information. According to the Federal laws, you can dispute for anything that is wrongly stated in your credit reports and you can get the errors removed from your reports, if the bureau fails to clarify the accuracy of the data with in a month’s time.

Apply for the loan after credit bureaus completes your dispute processes.

Once the disputes regarding the erroneous information in your credit is sorted out completely, only then must you start applying for your bad credit car loans as you will have a new copies of your credit reports that will assess a positive impact on your records. With every bad item that is deleted from your records, your chances of getting a bad credit car loans improves even more.

Select an appropriate dealer

In spite of having a bad credit, you can still get bad credit auto loans at affordable rates as there are several lenders who offer bad credit auto loans. All you have to do is do little research and select an appropriate lender who will provides you the loan with the lowest rate of interest.

Auto Credit Max provides huge selection of cars, trucks, vans, and SUV’s through several of their dealerships. They have plenty of available financial options for all types of credit, even for those with the bad credit. So, if you have a bad credit and planning to buy a car with bad credit car loans or bad credit auto loans, please fell free to visit www.autocreditmax.com.

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