Credit Score Range

How can debt consolidation help with FICO score improvement?

Anna Baraniuk — Fri, 07 Sep 2012 10:27:07 +0000

In order to understand as to how debt consolidation can help with improvement of your FICO score, it is important for you to know, as to what happens in consolidation. In addition, it is also important for you to know the details of FICO score. Debt consolidation is the process, which helps in paying off your debts, as the interest rate gets lowered, and the number of debts gets reduced too. On the other hand, the payment history accounts for 35% of the credit score.

Debt consolidation process

When the debt starts piling up, and when the interest rate seems to be too high for you to be able to manage the payments, it may be wise of you to opt for debt consolidation. There are various benefits of consolidation. The greatest benefit is that, the interest rate gets lowered. Interest rate is the greatest thing which leads to high debt payment amounts.

Other than that, with consolidation, the number of unsecured credit card debts you have too, gets reduced to only one. As a result, it becomes easier for you to manage the debt payments. It is much easier to handle one creditor, rather than managing so many creditors at the same time.

FICO score

FICO score is the type of credit score, where various factors are taken in account during the calculation. Starting from your debts, and the debt payments, the debt to income ratio, the type of credit you have, and so on, all are considered, while calculating your credit score.

The credit score range is in between 300-850. The payment history accounts for 35% of your credits core. On the other hand, the length of payment history accounts for 30% of the credit score. So, it is obvious that if you can go on making payments on your debts, it is going to help in the improvement of your credit score.

Debt consolidation and FICO score

So, it is quite obvious that FICO score is going to improve if you opt for debt consolidation. When you opt for debt settlement, you are actually requesting the creditor to lower the outstanding debt amount, which is due. However, why would the creditor agree to your request, if there is no actual reason? Now, if you miss payments, only then it becomes almost apparent that you are having financial hardship.

On the other hand, in case of consolidation, it isn’t the outstanding debt amount which gets lowered. It is only the interest rate which is reduced. So, the creditor need not fear that they are going to get less money than what is owed. So, you aren’t required to miss any payments. Moreover, as it becomes easier for you to make the payments, you need not fear missing any payments. Thus, consolidation is going to help with credit improvement, and in the increase of your credit score.

However, another thing which you will have to keep in mind is that you should not close down the accounts after consolidation. This reduces your overall available credit ratio and this could lower your FICO credit score.

Learn More: http://www.ovlg.com/debt-consolidation/

Account Now Gold Visa® Reloadable Prepaid Card

Anna Baraniuk — Thu, 06 Sep 2012 21:22:19 +0000

Prepaid cards are always best to put control over your money and spending. A prepaid card with less charges and best support would spice up things to a higher level. World face recession and unnecessary and thoughtless credit card spending put you in deep trouble of huge debt. It is of course the time to think about a best pre-paid card that help you to add necessary controls over your spending.

The AccountNow “Gold Visa” Prepaid Debit Card offers great features and credit management benefits. Take a look at the features and benefits listed below and and apply for the AccountNow Gold Visa Card today.

The advantages and benefits of the AccountNow “Gold Visa” Re-loadable Prepaid Debit Card are:

100% Guaranteed Approval* No Credit Check
Up to $10,000< balance limit
N0 activation fee
No credit check required*
No late or overdraft fees
No minimum balance fees
No bounced checks
$25 bonus with Free direct deposit§
Direct deposit pay-checks for free
Deposits are FDIC insured
Accumulate purchase reward points
Shop online & pay bills online free
Accepted everywhere where the Visa debit cards get accepted
Power of Prepaid Visa Card, Prestige of Gold

It required to complete a short online form which took less than 60 seconds to complete and submit! AccountNow Gold Visa Prepaid Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and can be used wherever Visa debit cards are accepted. Your deposits are FDIC insured up to $250,000.

To qualify for the $25 direct deposit bonus, within 6 months after being approved to receive a card you must deposit at least $500 per month via recurring direct deposit in two or more consecutive months.

The best features of this card include:
Power of Prepaid Visa Card, Prestige of Gold – Use your AccountNow Gold Visa Prepaid Card at millions of locations worldwide – to withdraw cash, make everyday purchase shop online, or pay bills. Flaunt the gold privilege you have earned.
Exclusive VIP Customer Service – Get preferred customer service treatment when you sign up for Direct Deposit.
Higher Limits – Money Load & Withdrawal – Experience the privilege of Gold with higher daily and monthly limits on all withdrawals and purchases on your prepaid card when you enroll in Direct Deposit.
Pay No Monthly Fee – Deposit $2,500 or more in a month on your card and you pay absolutely no monthly service fee on your AccountNow Gold Card.
Faster and easier access to your money
How It Works?
Deposit money to your card, use it wherever Visa Debit cards are accepted and stay in full control with online account access and free Mobile Text Alerts. Unlike a bank account or a credit card, you only spend the money you load onto your prepaid card. With no more costly overdraft or interest fees, you get the peace of mind you deserve.
Deposit Money – Direct Deposit your paycheck or government benefits check to your AccountNow Gold Card and say goodbye to check cashing fees and waiting in lines. It’s fast, free and easy, plus you get a $25 bonus. You can also add cash at any of our retail partner locations. With over 135,000 locations nationwide, there is always a place near you.
Shop Anywhere, Get Cash – With the power of a Visa in your wallet, you can use your AccountNow Gold Card to shop online, pay for gas, reserve rental cars, hotels, and airline tickets and shop everywhere Visa Debit cards are accepted. Plus, you’re covered by Visa’s Zero Liability** coverage, protecting you from unauthorized purchases**.
Withdraw cash at millions of locations – You’re only a minute away from your money because you can withdraw cash at more than one million ATMs worldwide. Even better, you can skip the ATM fees all together by using your AccountNow Gold Card to get cash back at your local grocery store.
Pay Bills – With our FREE Online Bill Pay service it is easy to stay on top of all your monthly bills like rent, cell phone, cable and utility bills. Plan ahead and set up Bill Pay to have all your monthly bills automatically paid from your prepaid card account every month. No more running around town to pay a bill with expensive money orders or cash. Expedited (same day or next day) Bill Pay is also available for nominal fees.

Account Now Visa Prepaid Card

Pay-As-You-Go Prepaid Visa Card AccountNow

Anna Baraniuk — Mon, 27 Aug 2012 21:12:00 +0000

AccountNow offers a “Pay-as-you-go” prepaid Visa Card with no monthly fees and no minimum-balance requirement. In addition to having control over your spending with a pre-paid debit card, it gives you an alternative to your bank account.

The AccountNow Prepaid Visa Card has all the benefits you would expect from a prepaid credit card. You can qualify for one regardless of your good or bad credit. As with any prepaid card, you first need to fund the card before you can use it. Your card limit will be based on the amount you have put into your account.

The Prepaid Visa Card also entitles you to a $25 bonus once you set it up for free automatic deposits. There are over 125,000 retail locations in the USA where you can make deposits to fund the Prepad card. However these retail locations charge a fee to load your funds. You can avoid these fees with the direct deposit option provided by Account Now,

If you don’t enroll in Direct Deposit you may also see such fees as a $2 fee to phone customer service. The AccountNow Prepaid Visa Card offers text alerts to help you track your deposits, and you are allowed to make up to 30 deposits per month.

With the AccountNow Visa Prepaid Card, you can use their Online Bill Pay service to setup scheduled payments for your monthly expenses such as your phone and utility bills and even your rent expense. There is no monthly service fee when you deposit $3,000 or more in a month. Otherwise there is a standard monthly fee of $9.95 per month.

Prepaid Visa Debit Card

Card Benefits:

100% Approval
No Direct Deposit Fees
No Credit Check
No Overdraft Fees
No Bounced Checks
No Minmum Balance
No Chexsystem’s Verification
Purchase Reward Points

American Express Prepaid Debit Card

Anna Baraniuk — Tue, 31 Jul 2012 21:04:30 +0000

The American Express Prepaid Card is a prepaid, reloadable Card that gives you a safe and easy way to manage spending for yourself or the people you choose. An adult 18 years of age or older can order the American Express Prepaid Card. The Card Purchaser loads the Card with funds upfront and can reload it so that the American Express Prepaid Card User can use it again and again.

What is the American Express® Prepaid Card?
It’s a safe, easy way to manage spending every day, for you or the people you choose.

No overspending, no overdraft fees
It’s prepaid, so you can only spend what’s preloaded on the Card. That means there’s no risk of overdraft fees or impacting your credit history.

It’s easy to manage the Card online
With an online account, you can check your balance, view transaction history, add funds to the Card, set up automatic reloads and sign up for alerts.

Get up to three Cards
Because you can order up to three Cards, you have the choice of giving them to the people you choose or keeping one for yourself. So you have the freedom to manage your own spending or use it to provide money to the other people in your life.

Spends like cash
wherever American Express Cards are accepted

NO ANNUAL FEES
NO MONTHLY FEES
NO PURCHASE FEES
NO OVERDRAFT FEES
NO TRANSACTION FEES
NO CUSTOMER SERVICE FEES
ONE FREE ATM WITHDRAWAL MONTHLY
NO CREDIT CHECK
NO DEBT

Feels like membership

PURCHASE PROTECTION
FRAUD PROTECTION
ROADSIDE ASSISTANCE
AWARD-WINNING
CUSTOMER SERVICE

Contact me

Anna Baraniuk — Sat, 09 Jun 2012 21:11:38 +0000

Help For an Experian Dispute

StevenE — Thu, 31 May 2012 17:39:42 +0000

If you want to dispute information you find on your report, then first of all you need to request a report from Experian and then go over it extremely carefully. If you happen to come across a mistake or an error, then you should begin to follow the online instructions for making a dispute or you could also call or write the credit reporting company themselves. If you want to dispute your credit information, you will be happy that you will not be charged a fee to do so.

After you have contacted the credit reporting company, they will begin by checking over some information and then they will be able to send you an update. If they send you an update and you do not agree with the information that they send you, you can dispute the information again by adding a statement of dispute to the credit report. However, you must be as specific as possible with your dispute. Whenever you send in a credit dispute, the whole process could potentially take up to 30 days in order to complete after the dispute has been received. However, it is unlikely that it will take this long. Usually, they are resolved in a much shorter period of time.

What is the FICO Credit Score Range?

StevenE — Wed, 30 May 2012 06:07:58 +0000

A FICO credit score range is what will be able to determine whether or not you have a good credit score. Think of it like a scale, but the higher the number, the better your score is. Typically a FICO credit score range can be anywhere between 300 – 850. Obviously, the lower the score, the more of a credit risk you will be in the eyes of lenders. Anything that is outside of the limits that I have listed above cannot be considered a true FICO credit score. You will find that other companies, such as Equifax and Transunion will have their own credit score range limits and they are quite similar.

So, basically you want to remember that the credit score range is between 300 – 850. However, you will rarely find anyone that has a credit score hitting the very bottom (350) or at the tippity top (850). Basically, if you have a credit score of 850, you could basically get a loan to purchase anything you could want. If you are at the very bottom, you’re probably not going to be able to get a loan for anything. Of course, I’m kidding (just a little), but those examples are the best way I can explain it.

How to Save Money With Credit Unions

StevenE — Tue, 29 May 2012 07:26:35 +0000

If you have been having some problems getting a traditional bank loan, you should try to get a loan through a credit union. If you have been turned down due to low income levels and you have credit out, you should try a credit union and you may be able to get the loan that you need. Credit unions will actually analyze you as a person and talk with you. They want to know how serious you are about the loan and see how much of a desire you have to pay the loan back. So, your character can get you a loan, instead of your loan potential being based solely on your income.

Credit union cards are great, because they will actually offer lower rates than most credit cards and they will also have less fees associated with them. However, they do not have as many perks as most credit card companies include with their cards, For instance, you may not get any credit card miles or cash-back bonuses with a credit union card. So, you basically have to determine which is better for you and make your decision.

Credit unions also offer some great services. Even though banks may offer some extensive branches and ATMs, credit unions are quickly beginning to offer more and more services and products. Also, credit unions will be able to offer smaller fees, better interest rates, shared branching, etc.. Therefore, if you’re interested in credit unions, you should definitely check out all of the services that they have to offer.

Do you remember the feeling of having to walk into the bank with your head held low, dreading the thought of going in to ask for a loan? With a credit union, you will not have that problem anymore. Credit unions offer their members the ability to apply for loans online and get a decision within minutes. In other words, it is extremely convenient and embarrassment-free.

These are just a few things about credit unions. If you are interested in more information, check back in the future and you will find more information on credit unions.

What is a Good Credit Score?

StevenE — Sat, 26 May 2012 02:44:27 +0000

Basically, a good credit score is going to actually depend on the scoring system that is going to be used by the lender. Different scoring systems are going to come with a different set of scales. However, if you go to one agency and they tell you that you have a good credit score, the answer is most likely going to be the same when asking other agencies. You will most likely have a good credit score across the boards.

Typically, most credit scores are between 600 – 750. If you have a credit score over 700, you will most likely not have a problem with any agency. A score over 700 indicates that you do possess good credit management skills. So, if you want to have good credit, you are going to want to try to get as close to 700 as possible, if not higher.

If you want to try to get a good credit score, you will want to make sure that you pay your payments on time. Payment history is definitely the biggest factor when it comes to determining your credit score. Therefore, you have to make sure that you pay on time, all the time.

How to Fix Your Credit Score

StevenE — Fri, 25 May 2012 02:25:12 +0000

If you have a bad credit score, don’t get mad at yourself or discouraged, because you have something in common with a lot of people. Unfortunately, when you feel the need to fix bad credit, you have to understand that the whole process is comparable to losing weight: it’s going to take some time and there is no quick way to accomplish it.

I’m sure a lot of you have seen those quick fix methods out there, saying that you will be able to fix your bad credit in no time, but you have to be skeptical of things like these. As a matter of fact, these quick fix methods could actually backfire on you and make your credit worse. If you want to improve your bad credit, you are going to have to manage it responsible over a length of time. Honestly, that is the best way to fix your credit score.

If you want to repair your credit score, the journey is going to begin by checking your credit report. If you have not done this already, I would highly suggest requesting a free copy of your credit report so you can begin checking it for errors. Basically, your credit report will give you information that was used in determining your credit score.

Unfortunately, credit reports do sometimes have errors on them that could harm your overall credit score. The most common mistakes you will find on your credit reports is late payments have been listed incorrectly. Therefore, you should go over the report thoroughly for errors, making sure that all of your payments are listed correctly and for the right amounts. If you happen to come across any errors, you should begin to dispute them immediately with the credit bureau and reporting agency.

One of the biggest factors when it comes to your credit score is making your payments on time. Therefore, it is highly advisable that you set up payment reminders, so you are never late when it comes to paying your bills. Some banks out there actually have a service that will send you payment reminders. Also, you could consider setting up automatic payments every month through your bank account for certain bills. If you do that, you will have to watch your bank account balance closely.

Lastly, you should stop digging yourself deeper and deeper in debt. If you have credit cards, you should stop using them immediately. You should at least stop using them until you have paid off the balance. After that, if you use them at all, you should use them responsibly. Using a credit card responsibly can be very beneficial to your credit score.