http://insiderguidetocreditrepair.com/blog Wed, 07 May 2008 20:07:08 +0000 http://backend.userland.com/rss092 en "Cash Advance" loan, often called "payday loan" comes with extremely high price. Here is how it works: let's say you wrote a $330 personal check to borrow $300 up to 14 days. The lender would agree to hold check until next payday.  In this example, the cost of initial loan is $30 ... http://insiderguidetocreditrepair.com/blog/2007/01/6-ways-to-avoid-borrowing-payday-loans/ The lenders often look for 4 basic things when you apply for the credit: 1.  Good payment record If you pay your bills on time, you'll score major points with lenders. If you have a lot of late payments, this can hurt your chances of getting a card, and, if the lender decides ... http://insiderguidetocreditrepair.com/blog/2007/01/how-to-qualify-a-credit-card/ If you're turned down for a credit card, the very first thing you need to do is to ask why. It may be that you haven't been at your current address or job long enough. Or that your income doesn't meet the issuer's criteria or any other reason that you ... http://insiderguidetocreditrepair.com/blog/2007/01/what-to-do-if-your-credit-application-is-rejected/ Consider carefully before taking out a home equity loan.  Although This type of loan might let you take tax deductions you could not take with other types of loans, they can reduce the equity that you built up in your house.  And if you are unable to make payment promptly, you could ... http://insiderguidetocreditrepair.com/blog/2007/01/7-questions-your-should-ask-before-you-take-out-a-home-equity-loan/ 1. Use them carefully  Credit cards offer great benefits, especially the ability to buy now and pay later. But you've got to keep the debt levels manageable. If you don't, the costs in terms of fees and interest, or the damage to your credit record, could be significant. 2. Choose them carefully Don't ... http://insiderguidetocreditrepair.com/blog/2007/02/5-things-you-should-know-about-credit-cards/ The following tips are basic principles about obtaining and using credit cards that can save you some serious cash and keep you out of debt. 6. Always Shop Around Don’t apply for the first “pre-approved” offer you receive in the mail or any for that matter. Do the research for yourself. There ... http://insiderguidetocreditrepair.com/blog/2007/04/5-hot-tips-to-save-your-money-on-credit-cards/ If you are low and moderate-income taxpayers, then you should take advantage of IRS programs and bank services that can help you save more money for future goals, including buying a home or funding a child's education, tax preparation, qualify for tax credits, etc. IRS-coordinated Volunteer Income Tax Assistance (VITA) program that ... http://insiderguidetocreditrepair.com/blog/2007/02/take-advantage-of-irs-programs-and-save-more-of-your-tax-refunds/ Federal law provides specific rules that the card issuer must follow for promptly correcting billing errors. The card issuer will give you a statement describing these rules when you open the credit card account and, after than, at least once a year. In fact, many card issuers print a summary of ... http://insiderguidetocreditrepair.com/blog/2007/02/how-to-fix-your-credit-card-billing-errors/ Serious delinquencies are the number one cause of low credit scores.  This category is worth more score points than anything else.  Specifically, the items in the "serious delinquency" category are tax liens, collections, judgments, charged off accounts, an account that shows record of being 90 days late, foreclosures or repossessions. Your ... http://insiderguidetocreditrepair.com/blog/2007/03/delinquency-hurts-your-credit-score/ If you have a problem with merchandise or services that you charged to a credit card, and you have made a good faith effort to work out the problem with the seller, you have the right to withhold from the card issuer payment for the goods or services. You can withhold ... http://insiderguidetocreditrepair.com/blog/2007/03/how-to-dispute-defective-goods-or-poor-services/