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As we already established having a good credit score not only enables you to get loans from lenders, but more importantly it reduces your annual interest rates quite significantly. The tables below will show you real examples on exactly how a particular credit score affects your interest rates on mortgages, equity loans or auto loans. 30 Year Mortgage: Credit Score Interest Rate 500-549 9,758% 550-579 9,077% 580-599 8,747% 600-619 8,305% 620-639 7,359%…

Identity theft is one of the fastest growing crimes in the United States. Millions of people every year find their lives and credit shattered by identity theft. Good credit is important. Without good credit you can find it difficult or even impossible to get a loan, buy a car, buy a house or even get a job or get utility service. Protecting your credit and preventing identity theft is the…

Numbers do play an important role in our lives. If you believe in numerology, you can know how important the numbers 0 to 9 is. If we look into the financial state of a person, here also numbers play a big role. Those numbers are called the credit score. You should try to keep them at a peak point. These powerful numbers help you to determine that you are going…

Bankruptcy can be a very difficult experience. Many people feel a sense of guilt or shame when they admit that they can’t handle the debts that have accumulated over the years. Instead of wasting time thinking about what you can’t change from the past, focus on taking the right steps after bankruptcy. Focusing on what is in your control will help you rebuild a strong credit score as quickly as possible. Follow…

Today’s lending industry is a credit-based one and blotches on your credit report can cost you dearly. If you’ve gone through the hassles of bankruptcy or a foreclosure and have trashed your credit score, you need not fret as there multiple ways to become creditworthy again. You just need to get started and also remember that it is not going to happen overnight. The credit score of the borrowers often affect the…

A mortgage is a loan that you take in order to purchase a piece of property. Like any other loan, there is a risk to the lender that you will borrow the money and not pay it back. Although the risk to the lender is lower since the home or property acts as collateral to secure the loan, banks still do not want to have to foreclose on a home….

One thing many immigrants realize when they come to the United States is that their credit history doesn’t follow them. America is a credit-centered culture. You need good credit to buy a house, finance a car and obtain educational loans and even to get a new job. Here are a few tips to help new immigrants establish a good credit history and start enjoying the American life. Open a Bank…

One of the unfortunately frequent causes of low credit scores is also identity theft. ID theft has been growing rapidly over the past years and despite constant battles to prevent and stop it will surely never go away. There are plenty of ways you can get your identity stolen today: phishing websites, dumpster diving, employee records are just some of them. When you’re applying for a loan or mortgage you…

If you are struggling under a lot of credit card debts, then you should consider solutions like credit card settlement or consolidation in order to get rid of your debts. However, it is also very important for you to keep track of your credit score if you do not want to fall into any difficulties. It is essential that you maintain a good credit score as that determines whether you will get…

Did you know you can now get a free credit score report from one of the leading financial organizations in the World which has an unmatched level of commitment and resources? myFICO.com is a division of Fair Isaac Corporation (FICO) whose clients include all of the Top 100 U.S. Credit Card Issuers and 9 of the Top 10 Fortune 500 List Worldwide. FICO has sold more than 100 BILLION Credit Scores to…