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The Ultimate Revelation of Bad Credit, Credit Cards

When you have a bad credit rating obtaining a credit card is more difficult. Most credit card companies will just deny your request. This then makes finding a bad credit, credit card extremely important. Now when you are applying for a bad credit, credit card there are several important factors to consider. First, if you have a bad credit and are now in a better financial situation do not make the mistake of applying for every credit card offer there…

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authorized user definition

FICO Soon to Ignore Credit of Authorized Users

In an effort to maintain the integrity of their credit-reporting formula, Fair Isaac Corporation (FICO) has announced a major change to their formula to be implemented later this year. Unbeknownst to most consumers, many unscrupulous credit repair agencies have employed a practice called credit renting. This process benefits a poor credit score client by having their name added to a good credit score account as an authorized user. The agency and account holder collect a fee and the client receives…

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how to improve your credit

Dying To Buy A Home? Dealing With Bad Credit

If you have recently had your heart set on buying your dream home but your mortgage company could not qualify you, it’s not the end of the world. There are more options to people with bad credit than ever before. The first order of business is to find out your credit score, if you haven’t already. Talk to a credit specialist and figure out a solid plan on how to improve your credit. This will prove to the mortgage company…

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Bad Credit From Credit Cards

Bad Credit From Credit Cards

Those little pieces of plastic can sometimes get you into trouble. Sometimes nothing is easier than to take out your credit card and pay for that sweater or piece of furniture you have been eyeing for months. And who hasn’t been asked by the check-out person to sign up for a credit card in order to save 15 percent on their purchase. Credit card offers are everywhere; they come in the mail on almost a weekly basis. Many Americans have…

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Good Credit score

Credit Repair: Good Credit References

Unfortunately, there is no magic repair available today. You will need to dedicate a good deal of discipline, patience and effort to the task. It will be a better idea to start with requesting copies of credit report from each of credit reference agencies. It is well known that Credit reference agencies do not make credit decisions. They only collect and give credit history and identifying information to potential lenders. If needed this information is also provided to potential credit…

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Credit Cards For Bad Credit

Credit Cards For Bad Credit

Having a bad credit history will make it more difficult for you to get another card, but not necessarily prevent you from getting one. This is because many banks, if they feel that an individual with a bad credit history has good intentions to pay bills, will offer bad credit credit cards to re-establish a good credit rating. Credit cards for bad credit fall under two categories – Secured and Unsecured credit card for bad credit. With secured credit cards…

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Credit Card Secrets

Credit card collection agencies secrets

Have you ever wondered why collection agencies keep calling you more often? There are numerous situations that credit collectors use to get the money you owe. But let’s start from the beginning when you get your credit card. Obviously everyone knows that you need to pay your credit card on time. However, situation is not always the same when it comes repaying your credit card debt. Once you are late on your credit card, Credit Card Company will alert you…

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computer identity theft

Identity Theft – Straightening Out Your Credit In The Aftermath

Identity Theft – Straightening Out Your Credit In The Aftermath $1.48 billion, this is the total financial loss due to 1.4 million fraud reports the Federal Trade Commission processed in 2018. Identity theft, debt collection and imposter scam were the most common categories of fraud complaints. More than 167,000 users reported that their information was used to open fraudulent credit card accounts. Last year, ITRC (the Identity Theft Resource Center) predicted data abuse, data privacy and data breaches to be…

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credit score does it matter

Credit Scoring – Does it Matter?

If the borrower has a satisfactory credit history and the ability to pay timely payments, the borrower may be considered a prime borrower and rated as an “A” borrower. In this case, the loan will be closed using standard mortgage documents referred to as “A paper”.  If he does not qualify for an “A paper” loan, the borrower may seek financing with companies known as “subprime lenders”. If the borrower has a satisfactory credit history and the ability to pay timely…

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credit scoring

Understanding the Concept of Credit Scoring Models

Credit scores are used to determine the credit risk of loan applications. This is done using historical data as well as statistical techniques. The score can be used by banks to produce a rank for the loan applicants and borrowers in terms of risk factors. To build this model developers analyze historical data of previously made loans. They do this to determine which borrower characteristics will help them to predict whether the loan had a good performance or not. The…

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Reliant credit repair is the leading credit repair company in the industry. Our success relies on guiding our clients through their journey to achieve the lifestyle they deserve.

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