Credit History - Payment record: If you are regularly mailing payments, you may be unaware that there are problems in the mail delivery system. Repeated late payments, and possibly even missed ones, may be lowering your credit status. Make sure all payments are present and accounted for.
Credit History, · Increasing Tax Advantages. Currently you receive no tax benefit for that payment you're paying on those credit cards; but when that same debt is transferred to a mortgage loan, you receive a tax advantage on interest paid on that loan. For example, let's say you're in a 30 % tax bracket. For every $10,000 spent on interest on your home loan in that year, you could receive a $3000 deduction!
1. No transfer fees on balance transfers. Look closely at your statement and you could discover that a 3% transfer fee has been charged on your $5000 transfer -- that's an extra $150 you must shell out for the privilege of moving your money from one credit card to another one!
Credit History, 2. Introductory rates are just that - introductory. Be sure to read all credit card offers carefully to find out just how long the introductory period lasts, and what conditions you have to meet in order to keep the introductory rate intact.
4 Discrepancies in your credit report may provide early warning signs of identity theft.
7. Learn and manage credit fees: - If you are using multiple credit cards then you may pay different charges even if the credit limit is same. There may be a variety of charges on different credit cards. Normally credit card charges include annual fees, late fees, and transaction fees. But there may be hidden fee. Compare charges on different credit cards and find best creditor.
Credit History - A consumer credit report consists of personal information along with credit characteristics, character, general reputation, and lifestyle. This report should be prepared by a consumer-reporting agency (CRA) according to the FCRA.
A credit report is separated into four sections, identifying information, credit history, public records, and inquiries.
a creditor or insurer establishes criteria, love a minimum credit score, or asks a consumer reporting company to a list of people in the companys database who meet the criteria; or
Credit History, A free credit report is easier to come by since obtaining a copy became a right each person has, once a year, from each of the three credit reporting companies. There are other reasons a person is entitled to a copy of their financial record: if unemployed, when getting assistance from the state, or when denied a new account within 30 days of being turned down. All the consumer has to do is write a letter to the lending company that is directly involved with the action in question, and by law, they have to respond to the request.