Is it important to check credit scores before marriage?

People like to take care of their credit score. Even when they do not understand fully how it works, they know it plays a crucial role in assuring a good and stable financial future. This special caution takes people to take into account on every decision where personal finance is involved. Mortgage loans, obtaining a new credit card and even looking for insurance are some of the situations where many people feel insecure about how to proceed without affecting negatively their credit score. There are also other situations where personal finance might be in jeopardy, but there are so many taboos and myths surrounding them that people very rarely talk about it publicly. Such is the case of marriage. Couples who are planning to get married feel afraid when asking for their future spouse credit score and history. In this article we will discuss the taboos and myths where credit score and marriage merge in order to determine if it’s important to check credit scores to see if you are marrying someone with bad credit.

First, let us clear out the myths. Many people think that getting married implicates a series of financial responsibilities between the newlyweds. In fact, marrying rarely implicates legal financial jointures between two people. Credit scores are not merged together nor averaged, no credit score is lowered upon marriage and, even marrying someone with bad credit will not affect the other spouse’s credit score. Even when newlyweds decide to join their credits, past personal credit histories and score remain unchanged and unaffected.

On a superficial level, marrying might seem like a safe option. And legally it is. But there are other factors that are involved in marriage besides the legal contracts, and this is where some financial inconveniences might arise. In many cases, bad personal credit scores and histories implicate a failure to keep up with payments or to manage loans and credits. And just as marrying someone does not affect personal credits; it also does not help it to recover. Even if the spouse has excellent credit reports, marriage does not solve the previous financial difficulties. And, eventually, a person with the inability to manage their own credit can affect the newly created joint credit or bring financial issues to its couple.

Of course, all this may sound insignificant, but the credit system is still complex and hard to understand completely. This is why many people have dedicated their life to help others better their credit scores and gain access to all the benefits to which they lead. Such is the case of Art Gulle, author of the celebrated book “Act Like a Homeowner, Think Like an Investor” as well as “5 Ways To Buy The Right Foreclosure With The Wrong Credit.” Art Gulle experienced many financial challenges with a bad credit history for years. Living through up and downs, and facing the many challenges that come with managing credit, Gulle learned many insights of managing personal credit, and has used this knowledge to help many individuals over the past several years. His latest project is “The Credit Journey” online credit repair course, where you can learn about how to develop a credit conscious lifestyle by understanding and using the many strategies that credit experts use to never start or repeat the credit repair cycle again. You can start a financially stress free lifestyle by  visiting www.TheCreditJourney.com

How Is Your Credit Score Determined?

freevideos.thecreditjourney.com      https://www.thecreditjourney.com

Protecting your credit score is an essential task to gain access to all kinds of advantages and good financial services. Anything from great loans with low interest, better probabilities of landing a good job position or even paying lower rates on insurance are reasons enough to maintain a positive credit score. Great credit scores can attract employers or banks to provide you with upgraded services that help boost your credit score. It is a cycle that can work positively for anyone who has learned to manage his or her credits. However, in order to take care of your score cautiously and with detail, it is first necessary to learn exactly how this amount is calculated. This article will focus on breaking down the elements and percentages that form most of credit score calculations.

The FICO credit score calculation is broken up into five different elements. Each one of them has different value based on how important that element is in determining your financial stability. Credit scores are supposed to be a representation of the financial capability and stability of a consumer. This a trustful piece of information for any company that is considering extending credit or doing business with you.

The first and most important element is the Payment History, which forms 35% of the whole score. This element reflects how you have paid your previous credits. The second most important element of the equation is the Amount Owned, which refers to any debts you currently hold with all creditors and gathers up to 30% of your score. The third element is the Length of Credit History, which represents 15% of the whole value. In addition, a long credit history usually reflects financial stability. The last two aspects, both representing 10% of the your credit score, are the Types of credits in Use, which refers to the mix of credit cards, retail accounts, mortgage loans or other credits you might have available; and New Credits, which represent if you have opened an account within a short period of time.

Of course, all this sounds great put on paper, but the credit system can be complex and hard to understand completely. This is why many people have dedicated their life to help potential consumers better their credit scores and gain access to all the benefits to which they desire. Such is the case of Art Gulle, author of the celebrated book “Act Like a Homeowner, Think Like an Investor.” Art Gulle has had his share of experiences with credit. Living through up and downs, and facing the many challenges that come with managing credit, Gulle learned all the insides and the outsides of managing credits, and has used this knowledge to help people improve their credit report to purchase a home for over 14 years. His latest project is The Credit Journey credit repair course and Credit Repair Coaching Programs where you can learn about a wide range of useful personal credit solutions. You can sign up for the course by visiting www.THECREDITJOURNEY.com

Credit Repair Companies vs. Credit Repair Education

Credit Repair Companies vs. Credit Repair Education

               https://www.thecreditjourney.com--------https://www.thecreditjourney.com/freevideos.html

When you are struggling with establishing good credit you may be tempted to look for a quick fix, such as working with a credit repair company or a credit repair “expert”. These are companies or individuals that promise a miraculous fix to your credit but generally end up leaving you with more debt and worse credit than when you began. They do this through scams, lack of education, and more. It is because of this that working through a company that focuses on credit repair education is critically important. A service such as "The Credit Journey" Online Credit Repair Course will  work with you to understand what your financial pitfalls are because of challenge credit and show you how to restore your credit score by teaching you to eliminate inaccurate, obsolete, and erroneous information from your credit report. You are also educated on your rights as a consumer.

When looking into services to help you with your credit the Federal Trade Commission (FTC) recommends looking for the following warning signs:

• The company wants money up front before they do any work
• The company does not disclose your legal rights
• The company recommends you do not contact creditors directly
• The company advises you to take action that may not seem entirely legal, such as creating a new credit identity

It is because of this that it is critical to choose a service that offers you an opportunity to educate yourself about matters of personal credit that you may not think you can do yourself and is 100 percent legal. Even the most reputable of credit repair companies will simply dispute items on your credit report that you have every right to do yourself.  This is something you can do on your own; you do not need to hire a company to do this for you.  As you look deeper into the mission of these companies even the most reputable credit repair companies make it clear they are just out for themselves and their long term goal is to keep you as a client, rather than ensuring your financial independence.

                This is why developing a relationship with a credit education service is to your advantage. A service like The Credit Journey will work with you to eliminate inaccurate, obsolete, and erroneous information from your credit report and will help you to develop strategies for ensuring that a financial disaster does not become your disaster.  A credit repair education service will also work with you to ensure that you know your rights as a consumer and understand your credit report.

                There are also credit education companies out there with an extensive curriculum that focuses on financial literacy rather than making a quick buck. The dedication to education is what makes credit education services stand apart from credit repair companies. Credit education services are dedicated to your long term success, rather than simply being out for themselves.

                Overall, educating yourself about the options available to you when it comes to building or repairing your credit is an excellent idea.  You are your best advocate and ensuring that you have a good knowledge base to back up your gut feelings will serve you well in your financial life and your family’s life in general.

How to dispute items on your credit report like the "Experts"

                                             

freevideos.thecreditjourney.com
Debts play a big role in determining your credit score. Debt makes up to 30% of your credit score calculations, and thus should not be taken lightly. Many insurance companies, banks or loan companies manage numerous policies and rules that can enhance or protect against possible debt. Repair Your Own Credit File and have a Good Credit Score by going to https://www.thecreditjourney.comSince these companies work with a wide variety of costumers with dissimilar economical statuses, they usually offer services, cards or insurances that handle different fees. All fees are calculated based on contracts firmed an accepted when the customer agrees to a service or card. But these contracts are subject to change and, even with given notice to the client, many of these changes go unnoticed. They are extraneous, seemingly insignificant, or too complicated to understand through cards and emails. After some years –or even months– of holding a card or having acquired insurance or loan, many clients don’t remember every detail and particular rule of the contract they signed.

In addition to changeable fees, when creditors calculate debts, some of their data might be wrong. Even the calculation itself could be erroneous. Everyone, no matter how large or insignificant that debt may be, has the legal right to dispute any calculation that it is deemed to be incorrect. So, yes you should dispute any debt that looks incorrect.

Dispute can come for many other reasons: unauthorized charges, charges with wrong date or amount listed, charges for services that weren’t delivered, failure to register any payment made by the customer, failure to send bills to your address or charges that the customer cannot explain.

In these cases, both customer and creditor have a series of responsibilities to the dispute. The customer should write a letter and send it to the creditor’s address for ‘billing inquiries’. It is also recommended to have information that will back up the dispute just in case any proof is necessary. Creditors, on the other hand, have the responsibility to investigate every dispute and every charge that might be deemed to be incorrect or inaccurate. During this period, the creditor cannot take any legal action against the customer. A potential debtor has the legal right to decide dispute a bill, and creditors have the legal duty to respect that decision.

Of course, all this sounds great put on paper, but the credit system is still complex and hard to understand completely. This is why many people have dedicated their life to help potential investors (all citizens are potential investors) to better their credit scores and gain access to all the benefits to which they lead. Such is the case of Art Gulle, author of the celebrated book “Act Like a Homeowner, Think Like an Investor.” Art Gulle has had it share of experiences with credit. Living through up and downs, and facing the many challenges that come with managing credit, Gulle learned all the insides and the outsides of managing credits, and has used this knowledge to help people for the last 14 years. His latest project is a “Home Buying Options and Credit Repair Classes, currently being held at the Riverdale Center in Riverdale Geogia where you can learn about his wide range of useful home buying and credit repair information. 

For more information visit:
 freevideos.thecreditjourney.com

Is It Legal To Become An Authorized User?

Over time, bad credit can become a huge problem. Debts tend to accumulate and, with bad credit, it is hard to get certain jobs, decent loan offers and low interest rates on mortgage or insurance. It is a negative cycle that can only be overcome through a combination of economic discipline, good financial advise and credit education. But Art Gulle creator of "The Credit Journey" Credit Repair Course and author of "5 Ways To Buy The Right Foreclosure With Wrong Credit" says that such a difficult path cannot exist without some shortcuts. Holes in the legal and financial system have permitted the rise of other alternative methods to curate or recover a bad credit score. These methods are legal shortcuts that can help pave the path to economical stability and growth. However, there is one big problem with them. Legal shortcuts are surrounded by law, but not regulated by it, and some risks are involved. This is why many credit experts are constantly reminding people of the potential problems that could arise from employing such methods. One of the most talked about and used in many cases is improving credit scores by signing on as an Authorized User on another persons credit card that holds good reporting status.

To become an authorized user on someone’s credit card, the owner of the card must start the approval process (which can be a simple phone call) before the credit company would authorize an additional card. Being an authorized user usually comes with all the advantages and none of the disadvantages. A credit score is instantaneously risen when someone who has a card with a good reporting history  authorizes another person to attach to their account. If the owner of the cards keeps an excellent paying status, then the authorized user continues to experience the same advantage. This method can keep going until the authorized user has a credit score high enough to start getting better jobs and loans, and lower rates and interest.  In addition, approving an authorized user with bad credit does not affect the original user’s credit. Unfortunately, this method has somewhat of a dark side. If you do not get this card from the authorized user immediately, they could use the card anytime they desire and will have no responsibility for the payments of the card. This makes an authorized user an extremely risky relationships and full caution is recommended.

Being an authorized user is considered to be a morally ambiguous method to boost someone’s credit score, but it is legally accessible, and it has rescued many people from difficult and seemingly unsolvable economic situations.

Of course, all this sounds great put on paper, but the credit system is still complex and can be hard to understand completely. This is why many people have dedicated their life to help potential buyers to better their credit scores and gain access to all the financial benefits. Such is the case of Art Gulle, author of the celebrated book “Act Like a Homeowner, Think Like an Investor.” Art Gulle has had his share of experiences with credit. Living through up and downs while facing the many challenges that come with managing personal credit, Gulle learned all the inside methods to managing personal credit and has used this knowledge to help many people over the past 14 years. His latest project is hosting “The Credit Journey” Credit Repair Class, where you can learn about a wide range of useful tools and techniques to help repair your credit report. You can contact him by visiting www.TheCreditJourney.com

What happens if an account is "charged off" by a lender?

Art Gulle author of "Act Like A Homeowner, Think Like An Investor and "5 Ways To Buy The Right Foreclosure With The Wrong Credit" will host credit repair classes at the Riverdale Center in Riverdale Ga. Falling behind on a bill can be serious business, particularly if your bill is sent to a collection agency. A bill that is sent to collections, or is “charged off”, can make it very difficult to borrow money for essentials such as a home or car.  However, there are constructive ways to approach a charge off that can (over time) reestablish your credit.

   A charge off remains on a credit report for seven years, however after that time federal law requires that credit reporting agencies (Experian, TransUnion, and Equifax) must remove these items from your credit report. The Fair Credit Reporting Act (FCRA) protects consumers, creditors, and credit reporting agencies

   When it comes to dealing with bill collectors, it is important to remember that each state has a different statute of limitations when it comes to how long an agency can take legal action to collect a debt. Typically this time period is not more than five years, however you can check with your states Office of the State Attorney General. After this statute of limitations has expired, a collection agency can no longer chase you down for that debt.

   Certainly, these first two options point to steps you can take if you are unable to pay your bill. This begs the question, when is it a good idea to pay a debt?  Becky House of American Financial Solutions says that there is a lot to think about when it comes to paying old debts.

   The first thing to consider is that paying old debts, even after they have been written off, can bolster your credibility with lenders. Paying these old bills can increase your credit, making it easier for you to purchase a home or car should you need to.  However, it is important to note that paying on old debts will not erase the old debt from your credit report or necessarily boost your score. Luckily, Rod Griffin who is the Director of Public Education with Experian reminds us that your actual credit score is not everything. Doing everything you can to bolster your credibility with lenders is critical as they are looking for a complete financial picture of who you are.

   Even if you’re not thinking of applying for a loan, improving your credit score can help you in many other ways. Professional property management companies look at credit scores when considering whether or not they want to lease to you. After all, a lease is just a different type of loan. There are also some employers who consider credit score when going through the screening process as a way to determine how reliable you will be as an employee.

   There are certainly options when it comes to paying off charged off debts. Speaking with a credit repair counselor use to be your best option. However, the smarter choice is to stop the cycle and the long drawn out monthly fee and learn what the credit repair counselors may not tell you. "The Credit Journey" credit repair classes will  give you a better idea of what may be in your best interest to pay off the debt, settle with a collection company for a lesser amount. or start an aggressive dispute process. For more information go to: http://www.TheCreditJourney.com