Maintain your old Siemens Hipath system

Top 5 Reasons To Check Your Credit Report Regularly

#1 Make sure mistakes aren't hurting your credit.

Reviewing your credit report can help you avoid costly errors. In one recent study, more than 50% of the credit reports checked contained errors. Other studies have shown similar results with as high as a 70% error rate. The most common error occurs when the information of another person, with a similar name or account number, is recorded in your credit profile.

#2 Track your history of payments.

Potential lenders want to see a history of timely payments before they'll consider offering you a loan or credit. Check your report to see that your payments are being reported accurately to the credit reporting agency (CRA). A history of late payments will result in higher interest rates being charged or having your credit application or a loan denied. Late payments will also lower your FICO score.

#3 Protect against potential identity theft.

Identity theft has become the fastest growing crime in our nation. Identity theft complaints jumped 75% from last year according to a recent Federal Trade Commission report. The monetary loss from identity theft crimes skyrocketed to a combined $53 billion in 2002! Accounts that appear on your credit report that weren't opened by you could be a sign of identity theft. Report any such occurrences to all three major credit bureaus immediately and have them place a fraud alert on your account. The three bureaus can be reached at:

Equifax 800-997-2493 www.equifax.com

TransUnion 800-888-4213 www.transunion.com

Experian 888-397-3742 www.experian.com

#4 Keep your inquiries to a minimum.

Make sure all of the listed inquiries were authorized. If there are unauthorized inquiries, write to the credit bureau and to the company that made the inquiry informing them that you did not authorize the inquiry and to remove it from your credit file. Potential creditors can regard too many inquiries within a short period of time (30-60 days) as a negative and can result in the refusal to extend further credit.

#5 Stay on top of your credit without hurting your credit score.

A credit score, also called a FICO score, is a numerical grade given to each consumer . Your grade or score is an analysis of your credit risk based on your credit history. Credit scores range from 300 to 900, and those with scores in the range of 640 to 700 are considered excellent credit risks. Those with FICO scores below 500 are considered to have the highest risk of defaulting on a loan and therefore most lenders won't even consider them. Consumers with higher credit scores receive the best rates and terms on credit and loans.

© 2004

Author: James H. Dimmitt
jimdim815@aol.com

James is editor of "To Your Credit" a FREE weekly newsletter to help you manage your personal finances. You can subscribe to his newsletter and also get a FREE copy of your credit report when you visit: http://www.yourfreecreditreportnow.com

In The News:

85,000 under fives starve to death in Yemen civil war
Wed, 21 Nov 2018 00:58:00 +0000
An estimated 85,000 children under the age of five may have starved to death in Yemen in the last three-and-a-half years as a result of the civil war there, according to Save the Children.

Gunmen kidnap volunteer during attack in Kenya
Wed, 21 Nov 2018 06:13:00 +0000
Gunmen have kidnapped a volunteer and injured five other people during an attack in southeast Kenya.

Trump stands with Saudi Arabia despite Khashoggi killing
Tue, 20 Nov 2018 17:54:00 +0000
Donald Trump has admitted Saudi Arabia's crown prince may have known about Jamal Khashoggi's killing - but will not punish the country financially.

50 killed as suicide bomber targets Islamic scholars
Tue, 20 Nov 2018 14:29:00 +0000
A suicide bomber who targeted a gathering of religious scholars in Kabul has killed at least 50 people and wounded another 80, authorities say.

Russian candidate for Interpol top job sparks fury
Tue, 20 Nov 2018 16:59:00 +0000
Britain should set up a new organisation to rival Interpol if a senior Russian official becomes its new president, ministers are being urged.



tikatoshop.it

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.

Borrowing on a Credit Card

One of the easiest ways to borrow money of a... Read More

Credit Report Disaster Through Mistaken Identity

I've got some very important info I want you to... Read More

Collection Agencies: What Do They Do?

Collection agencies are businesses that collect past-due bills and accounts... Read More

Dealing With and Repairing Bad Credit

Bad credit can be a burden for otherwise good credit.... Read More

How To Avoid Becoming A Victim of Identity Theft

With identity theft statistics currently at an all time high,... Read More

Why Consumers Need a Nationwide Credit Freeze NOW

What do a shoe retailer, an online discount broker, and... Read More

Useful Tips On Avoiding Credit and Charge Card Fraud

Credit and charge card fraud costs cardholders and issuers hundreds... Read More

Credit Cards: How To Use Them

Credit cards can be a very quick way of getting... Read More

Stop Credit Card Offers

You can stop receiving credit card offers in the mail!... Read More

Establishing Credit ? What You Need To Know Part 1

Establishing credit is one of the most important things you... Read More

New Law Provides Free Annual Credit Report

As of Thursday, December 1, 2004, one-third of Americans will... Read More

Rewards Cards: Are They Worth It?

Virtually all consumers will have a credit card at some... Read More

Important Things to Know About Divorce and Credit

Joint debts remain joint debts.Both spouses signed a legally binding... Read More

Credit Report Secrets: Do You Know What They Reveal?

If you've ever applied for a credit card or loan,... Read More

Credit Report ? Look Out for Your Debit Report, Too

Most consumers are aware that there are companies that keep... Read More

How Healthy Is Your Credit

There's only one way to discover the "health" of your... Read More

Taking Control of Your Credit History

Your credit history is important; in fact, in this day... Read More

The Hazards Of Your First Credit Card

You probably don't need me to tell you credit cards... Read More

Give Yourself Credit

The Beginning of the Credit Card EraIn 1951, Diners Club... Read More

7 Compelling Reasons Why A Prepaid Debit Card May Be Just The Financial Tool You Need

Prepaid debit cards are great financial tools and may be... Read More

Inflexible Friends and Plastic Assets, Why Money isn?t Buying Love Anymore

Consumers reject financial advice in favour of financial frivolityIt would... Read More

Minimize your Risk for Identity Theft

Identity theft is the fastest growing crime in America. According... Read More

Tips for Choosing a Credit Card Company

Credit Cards are essential for any consumer today. However, when... Read More

The Truth About Credit

What you might not know about credit.Some people don't know... Read More

Understanding the Process of Credit Counseling

Many of us have seen the advertisements on television. "Get... Read More