Friday, May 4, 2007

Student Loan Consolidation Center

The Student Loan Consolidation Center is the blog for all your student loan resources.
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Need to check your credit? is the blog for you.

Credit Card Consolidation Center

Credit Card Consolidation Center is the blog that will guide you in your Credit Card Consolidation needs.

Federal Loan Consolidation Center

This is blog that will guide you in your Federal Loan Consolidation Center needs.

Thursday, May 3, 2007

A Better Way To Watch Your Credit Reporting

Are you a victim of any credit card fraud or identity theft? Then you definitely need an enhanced defense from those menaces. Actually, those financial offenses take place due to the lack of knowledge of your personal credit status. A credit report comprises different information. All the information mentioned in your credit report is very important. For example, there will be some identifying information like your name, address, Social Security number, date of birth and employment information. Then a credit report will consist of your trade lines i.e. your credit accounts. The type of account i.e. mortgage, bankcard, auto loan etc, the date you opened the account, your credit limit or loan amount, your payment history and the account balance - all will be mentioned in the credit report. Lenders will give you loan on the basis of your credit report. S o, any illegal or surreptitious access to your credit report will wreck havoc to your credit scores and your creditworthiness.

The fate of your loan application by and large depends on the credit report. So, if your credit report contains some blots or bad credit information, then obtaining loan will become far more difficult. As a matter of fact credit inquiries, credit rejections, late payments, past due and unpaid payments, court judgments, collections, loan defaults, repossession, foreclosure and bankruptcy are the ten worst things that people always try to avoid in credit report. That negative information, once inside in your credit report, will stay on your credit file for anywhere from 3 to 7 years and will make your life miserable. But, to rectify your credit reports, don't opt for any credit repair agency. They may do more harm than good. Actually promising you a new credit identity, they will force you to shell out hefty consultation fees. And ultimate they won't be able to provide you that elusive fresh credit identity. So, stay away from those temptations and think wisely. In no way can they get a new credit identity for you. You just can't remove all those errors almost instantly. It's a systematic and time-consuming affair. And you should consult with the experts who have enormous experience in handling credit reports of varied specification.

Like credit report, the importance of a good credit score can't also be undermined. The credit score will give an indication of your future credit risk. But to make your credit report eligible to be counted for credit score, your credit report should have at least one account that is six-month-old. That signifies that your credit report is in great shape and up-to-date.

There are multiple benefits of having great credit scores. An outstanding credit score is the stepping-stone to become eligible for getting loans. Actually, before lending money to any loan seeker, the lender would like to take a quick and objective measurement of the credit risk of the person concerned. And thanks to the credit score system, credit granting process has become faster.