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Mick Bernard - ArticlesMick Bernard is a Credit Consultant from Scottsdale, AZ. His company Credit Strategies is helping consumers clean up their credit nation wide. For more credit tips visit us at http://www.onlinecreditstrategies.com/blog/
Holiday Season Shopping Tips For Recession BudgetsThe holiday season is fast approaching. Our goal is to help provide information that will help consumers accumulate less debt then they usually would. Understanding peoples dependency with credit cards and responsible usage is important. Due to this financial downturn we should all beware and practice responsible spending and credit card charges. Free Giveaway! Credit Strategies is now giving away a Free Credit RepairDate: December 1, 2009 – Scottsdale Arizona- Credit Strategies (www.onlinecreditstrategie.com) has announced a drawing for a Free Credit Repair. The giveaway is to improve a credit score for one lucky individual. Credit Strategies understands that people have made sacrifices in these difficult times and we want to show you the benefits of our services. So If you are curious if Credit Repair is right for you sign-up and win! Or contact us and talk to our experienced staff to learn more. What You Should Know - Pros and Cons to FHA LoansFHA loans have been helping people become homeowners since 1934. Maybe this government program can help you purchase the dream home you always wanted.
Financial instruments come and go with the economic environment, there has been a shift in which kind of loans new home owners are applying for. There has been a new shift with FHA loans which are more popular now than they have been in a few years. With rates and credit being tightened, they are asking for larger down payments, which consists What Makes Up Your Credit ScoreEver wonders what happens when a potential lender requests your credit score? First, they send a request to a credit bureau, and they receive a report. This report will include: Top 6 Ways to Improve Your Credit ScoreThe good news: you took the advice of all the financial experts and checked your credit score. The bad news: your score is lower then you would like. If you find yourself looking at an abysmal score, there are plenty of ways for you to start rehabilitating your credit, but some will be more effective and faster acting then others. To fix your credit score as fast as possible, follow these steps: How the New Obama Credit Card Law Effects YouPresident Obama recently signed the Credit Card Accountability, Responsibility and Disclosure Act (Credit CARD Act), which regulates the way credit card companies do business. None of these features take affect immediately, but will be introduced over a 15-month span. Top 5 Ways To Manage Your Payment HistorySince your payment history affects 35% of your credit score, it is easily the most important part of your credit profile. It is also one that you can control. Clearly, the best way to achieve a high credit score and a positive credit report is to maintain a flawless record of full payments, made on-time, over the course of years. Top Ways To Manage Your Debt RatioDebt ratio is the difference between the amount of debt you have charged versus the amount of money the credit card has authorized for you to use, or your credit limit. The difference is your debt ratio. This can also be referred to as revolving (credit card) credit you have available. If your credit limit is 5,000 dollars and you have charged 2,500 on the card, your debt ratio is 50% Top 3 Ways to Manage Your Length of Credit HistoryWhen your FICO score is calculated by credit bureau software, 15% comes from the length of your credit history. The length of your credit history is exactly what it sounds like; how long your credit cards have been open. Unlike other parts of your credit score, there is no quick fix to improve the length of your credit history. The only way to improve a damaged length of credit is over the course of years. How Types of Credit Effect Your Credit Score10% of your credit score comes from the balance of types of credit on your record. The credit agency’s evaluation of your use of various forms of credit takes into account the variety of types of credit and your management of those various types of credit. There are four specific kinds of credit: revolving credit, installment credit, automobile loans and mortgages.
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