Archive for June, 2007

Do Not Let Cell Phones Bad Credit Hamper Your Daily Life: Grab A Pre Paid Plan.

Sunday, June 3rd, 2007

Do not let cell phones bad credit from getting yourself a great cell phone plan. A credit report is a necessary evil, just like the concept of ‘friction’. While a credit report helps a lender dish out that loan to you real fast, a bar credit report makes your life tougher by putting you at a disadvantageous position each time you seek out to buy anything on debt. Be it a half a million dollar loan to buy that dream house of yours, or a small issue like getting cell phone- a bad credit record hits us in all spheres of life.

Let us understand this that a cell phone credit is a small issue, and involves amounts of money that are almost insignificant as compared to other really big loans like home loans, personal loans or mortgage refinance. Cell phones bad credit schemes, however, have been custom designed to help customers with bad credit record enjoy the benefits of owning a cell phone. Before we go on to discuss and analyze cell phones bad credit schemes in details, let us understand the billing process adopted by various cell phone companies.

There are primarily two kind of cell phone credit plans, the pre-paid plan and the post paid or the billing plan. These schemes involve no rocket science theories, and are almost self explanatory in nature. It is strongly advisable that you spend some time understanding the nuances, advantages as well as disadvantages of all cell phone plans, including a cell phones bad credit pre paid plan.

Pre-paid plans, similar to debit cards, require the subscriber to deposit certain amount of cash with the mobile service provider. After the subscriber has deposited the money, he or she is granted credit which he can spend by using the cell phone. Pre-paid cell phones bad credit plans are ideal for both the subscriber as well as the service provider. A cell phones bad credit pre-paid plan reduces the risk from the service provider’s point of view, as the subscriber can make calls only till he or she has credit.

A cell phones bad credit pre paid plan helps a subscriber repair his credit record with the service provider, and over a period of time the subscriber becomes eligible for more lucrative billing plans. A cell phones bad credit pre paid plan also helps the subscriber reduce his expenditure as he is forced to limit is calls to match the credit available to him.

Having understood the cell phones bad credit pre paid plan, lets understand the other option- the billing plan. As compared to a cell phones bad credit pre paid plan, other kind of plan is the billing plan. This is akin to normal credit cards, where the subscriber can spend as much as he can, and will have to pay the amount at the end of the billing period, which is generally a month’s time.

Advantages of a billing plan over a cell phones bad credit pre paid plan are many fold. The most important of them being, you will never be stuck at the middle of an emergency, or an important discussion due to lank of credit. While in case of a cell phones bad credit pre paid plan, the moment you complete the credit available to you, you are no more allowed to use the cell phone services till the time your replenish your credit by depositing more money in your account.

How, where exactly do you get the best cell phones bad credit pre paid plan? In the cyberspace, of course. This era is indeed the digital era, and the World Wide Web is world’s biggest information storehouse. Just hit the internet, and search for the key words cell phones bad credit pre paid plan, and you will find numerous websites detailing various cell phones bad credit pre paid plans available in the marketplace. Alternatively, you may visit your nearest store to get first hand information on all cell phones bad credit pre paid plans available with them.

As you might have noticed, a bad credit record has its effect in almost all spheres of life, including in your choice of cell phone plans. So, if you seriously wish to make your life simpler, you should strongly consider repairing your credit record. You can do that in a variety of ways, and you may consider visiting your financial advisor to get expert advice regarding the same.

The Truth About Car Financing People Bad Credit That Lenders Do Not Want You To Know.

Sunday, June 3rd, 2007

Once you have managed to get that car financing people bad credit , do you need to go on paying sky high rates for the next three years? No, there is certainly a better way out. There is refinance market for those who would like to opt for it. Once car financing people bad credit is said and done with, all you need to do is to take it on for the first few months and you could make use of this silver lining in the otherwise dark clouds. Finding a release from the higher interest rates is easy once you manage to get the car financing people bad credit.

Once your ability to pay is established in the first six months to one year of your car financing people bad credit loan, it is highly probable that you can get you loan refinanced at much lesser rates. Many lenders and banks that had initially pulled back and did not touch your business in the past may turn out to be real possibilities.

Well, this could be sigh of relief, especially when you are trying to get on top of your bad credit rating. And appreciably, you have a god car to show for.

What NOT to Do (if you wish to get a car loan with bad credit)

Never, ever drive off the lot until your financing terms are set are finalized. This could be the only ray of sunshine in your car financing people bad credit liability. Always drive your old car home or take the bus if the terms are not set in stone by the day’s end.

It is very shady practice that dealers let you take possession as though the deal is final, while it is still subject to approval. Until approved it does not become a binding agreement, which means that you are still under the car financing people bad credit liability. You could drive off satisfied in a brand new car and then find out you’re your financing wasn’t approved. You then go back to the dealer and then find out to your dismay that you end up with a much higher interest rate than you bargained for. This is a very nasty and an old trick. You might as well stick to the old car financing people bad credit.

Never ever go by verbal assurances. Many dealer finance executives try to hustle you to smoothen out the ugly portions of a refinancing contract. Ensure that everything is put into writing. Remember, it is rightly said that there are quite a few slips between the cup and the lips.

Don’t accept any finance contract without checking getting to know the interest rate in the market s for the car financing people bad credit category. Dealers are in the habit of psyching you by insisting that they are offering the best rates, while it may be actually higher than the going rate.

Don’t ever sign up for extra add-ons like extended warranties, credit life policies or GAP insurance. They are normally not worth the price you pay for them. Despite all that the dealer tells you, you are not liable to buy the extras.

Make sure that you know if your loan interest has been is pre-calculated. In most cases of refinancing car financing people bad credit, people end up with loan where the interest is normally pre-calculated. Loans that have pre-calculated interest have payment going for interest only for more than half of their term.

Always retire the loan as early as possible. Since, even in the event of refinance, you may end up owing much more than you thought. Instead of getting a shock, always be clear up front what you’re facing.

Keep a keen watch for penalties. Find out if there is a prepayment penalty written into your contract. Depending on how bad your car financing people bad credit situation is, you may need to go ahead and accept a loan that may include prepayment penalties. In such cases, if you pay off the loan early, you may face additional charges of anywhere between $25 to $200. This may not seem significant to you, but it is only proper not to have any surprises springing up at payoff time.

And last but not the least, do not pick up the first car loan scheme that is offered to you. Since the amount involved is quite substantial, it makes enormous financial sense to spend some time researching for the best car financing people bad credit loan before you decide to pick up one.

You Must Do A Bad Credit Validation: How And Why!

Sunday, June 3rd, 2007

If you have a bad credit record that is constantly putting you in the back-foot, take firm steps now. There have been numerous instances where bad credit validation has changed the credit history of individuals, and for better. And, you can be next of the lot who can benefit from a bar credit validation. Read on, to understand the nuances, whys and hows of bad credit validation.

A credit history is a centralized report, a snapshot the represents your past records of credit repayment, utilities payment and various other aspects of your financial integrity. A good credit report is a strong asset of an individual, and it can open new avenues of getting a loan on easy to repay terms.

A bad credit record, on the other hand, is a drag on an individual’s ability to get loans on easier terms. And if you are suffering from a bad credit record, it makes lot of sense to invest some energy to rectify the situation. But then, can you really change you credit card record without a long and arduous tenure of belt tightening and religiously repaying the EMIs? Well, the answer is a resounding yes, courtesy- bad credit validation.

It is rightly said that to err is human, and it is very much applicable in bad credit validation too. There are definitely lots of chances that the report contains erroneous data about your repayment history. A bad credit validation can set it right, and make your life much easier, smoother and happening.

Now, you must be thinking that the credit report indeed is correct, and hence there is no ways bad credit validation can help you rectify your credit report. Wrong! Well, did you know that even grey matters could be turned white by conducting a thorough bad credit validation? Well, if you have been using a couple of credit cards, and have subscribed to a couple of loans at some point of time, then your credit history is a long one, and there are chances that some of the entries in your credit record may be, as they say, ‘questionable’.

A bad credit validation can also help you in setting your credit record right by cleaning up on those questionable items. While you cannot, as per the laws of land, remove correct and accurate information from your credit report, you can definitely request for a second look on the ambiguous, or incomplete negative entries that you think are disputable. And yes, did we mention that this request for reinvestigation is completely free for the user, and you do NOT incur any expenses for requesting a reinvestigation.

And, if the credit bureau cannot verify any information regarding any entry, it is supposed to delete that entry, there by making your credit record a much cleaner, presentable one. In other words, the onus of proving the accuracy of any entry lies with the lending agency and the credit bureau, and any entry that cannot be verified must be deleted from your credit records.

So, using bad credit validation to improve your credit records is a step taken by many shrewd individuals, and there is no reason why you should not leverage bad credit validation. If you are wondering how do you do exactly use bad credit validation to improve your credit records, following is a step by step explanation of this entire process. The first step to bad credit validation is obviously to get a copy of your latest credit record. On receipt of the report, sit down and thoroughly analyze the credit report, and look out for questionable entries, ambiguous statements and other entries that you think can be questioned. You may even take expert help from your financial advisor to weed out the questionable entries.

Armed with this report, you can shoot of a bad credit validation request to all the credit bureaus making a strong pitch for a reinvestigation. Ensure that you send this mail by registered post. A lost mail will not only waste your time, but also precious effort that you had put in creating the entire documentation set. It is also strongly recommended to follow up with the credit bureaus to ensure that your request is taken on a priority basis. If you have religiously followed these steps, then there are bright chances that a bad credit validation request will slowly, surely improve your credit records. So, what are you waiting for? Get a bad credit validation done, and enjoy the new found freedom.

Do You Have Bad Credit Need A Credit Card: Here Is The Routemap!

Sunday, June 3rd, 2007

Well, it is known fact that any bad credit rating on your credit report will make financial institutions shrug and refrain from selling their asset products to you. They simply do not like taking risks. However, all is not lost. As far as the credit card industry goes, there are companies who would like to offer you a credit card despite a bad credit rating. These bad credit need a credit card are here to extend help to people with bad credit, and repair their financial health.

A credit report bad or good reflects your credit history. Credit reports are maintained and prepared by rating institutions that are impartial in their points of view. These credit reports are an essential requirement whenever you need to borrow funds in any form. More so because they are a reflection of your financial standing and define your performance about the past loans or advances you may have taken.

Whenever you need to buy a car, house, or any such asset through financing or you need to apply for a credit card, a credit report is a necessity. Keeping your credit report handy can keep you in good stead. You could get them annually or on demand and usually cost around $30 to $40. Not only keeping the credit reports, understanding them is also equally important so that you can negotiate or bargain better in your endeavor to getting a bad credit need a credit card.

A variety of credit cards are available for people with bad credit.

Secure Credit or Pre-Paid Cards

Secured credit cards are a wonderful choice for people with bad credit. A secured credit card or a prepaid debit card works in the situation where it is required to deposit money into the credit card account before the card can be used. This ensures that you only spend your money and accrue no liability to any institution.

The money you deposit is the money you can use. You can also get credit into your card by accepting payments or by depositing money. In such cars no excess spending will be allowed and can be equated with a debit card.

However, these secure credit cards are a great tool to build up your credit on an expedient basis. These are great options for people with bad credit, dependent housewives and college students since these cards control overspending.

You can repair your credit history very easily using these kinds of credit cards. While fishing for a bad credit need a credit card, a secure credit card is offered by almost all credit card companies. Before getting a bad credit need a credit card, please discuss all issues with your financial advisor.

A little patience, discipline and time can highly increase your credit rating. Getting a bad credit need a credit card could be the first step in repairing your credit. Despite having a bad credit, you should be having an earning which you spend to buy your groceries or daily needs. Using a secure credit card to buy these will only contribute towards increasing your credit rating by leaps and bounds.

While looking for a bad credit need a credit card, make sure hat you have researched your credit rating properly. Although a credit card may be prepaid, certain applications and norms need to be fulfilled to get one. Application procedures may vary from company to company, so make sure that you weigh better on the application. For any interactions and verification procedures, it is important to be abreast of your credit ratings.

Acquiring a bad credit need a credit card can be an easy process if you approach the right companies with an open mind. Check all your options and the little or no fee tat is charged for these cards. If you can afford it, apply to more than one company so that you stand a better chance to get a bad credit need a credit card.

Once you acquire that bad credit need a credit card, it is only a matter of time, before the same company may offer you a real credit card. This is usually done after reassessing your credit situation, your earnings and your spending power as exhibited through the secure credit card. The company may decide to grant you small credit limits beyond the prepaid amount in order to check your spending and repayment discipline. Go get the bad credit need a credit card and rebuild your finances.