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Many people want to know if the agencies that promise to clean up your credit rating are legitimate. The answer is a resounding no. What these organizations often practice is fraud. They swap your Social Security number or other identifying details with those of someone with cleaner credit or no credit at all to allow […]

A Change in Lifestyle To avoid getting into financial problems in the future, you must understand your flow of income and expenses. Some people call this making a budget. Others find the term budget too restrictive and use the term spending plan. Whatever you call it, spend at least two months writing down every expenditure. […]

Why is it that some lenders say no when others say yes? Here is why. All lenders make a judgment about… character (your willingness to repay) capacity (your ability to pay) collateral (the value of what you are buying) …before deciding whether or not to grant you a fixed loan or line of credit. There […]

To understand the credit process, you first need to understand what information is contained in a credit report. Although the style, format and coding may be different depending on which credit reporting bureau is used, the typical consumer’s credit report includes the following four types of information: Identifying Information—includes your name, nicknames, current and previous […]