Nobody's Perfect

Nobody is perfect, and good people can have credit problems because of past mistakes, or due to no fault of their own. For example, people who have large medical expenses not covered by insurance, or those who are have been divorced often face problems with their credit.

Thankfully, there are credit cards that are still offered to applicants with fair credit, and having a credit card can help cardholders rebuild their credit scores over time.

The paradox of having credit problems is that you can’t improve your credit score until you are offered a line of credit, and no one will let you open an account unless you have good credit. The way out of that paradox is a product known as a secured card.

Secured cards are credit cards that require cardholders to first submit a security deposit as a condition of opening the account. With many of these products, the amount of the security deposit becomes the account’s credit limit, while others extend cardholders some credit beyond that amount.

The BankAmericard secured Card offers a credit line of $300 to $4,900, depending on the security deposit offered. The WellsFargo Secured card allows cardholders to deposit as much as $10,000.

Either way, cardholders must make monthly payments on their purchases and can incur interest charges when they carry a balance.

The benefit of these cards is that they report payments to all of the major consumer credit bureaus, which helps to improve the credit scores of those who make their payments on time.

To receive a secured credit card, applicants must have discharged any bankruptcies and be able to verify their identity. After that, they are virtually assured of being accepted.

PLATINUMCREDIT.INFO

                                                               

Find out more about High Credit Score’s great programs and promotions by contacting our customer support department at 916-842-7773 or e-mailing us at JOHNLJENKINS820@GMAIL.COM
We look forward to working with you and wish you much success as an Independent High Credit Score Affiliate! Together we will MANIFEST EXCELLENCE!

The High Credit Score Team

Stop Procrastinating

STOP
Procrastinating

Don't Spend Another Year Struggling Through Your Life with Financial and Credit issues!
2015 is here in 3 months. You can sit back and ENJOY the day with your family & friends knowing that in the New Year you will have Perfect Credit which will SAVE YOU hundreds of dollars each and every month.

The Best Gift You Can Give Yourself is the Knowledge and Education.

and knowing that:

You Will Never Get Turned Down for a LOW INTEREST LOAN or Credit Card Ever Again.
You Will Qualify for a ZERO Interest - No Down Payment Loan or 1-2%  New Car Loan
 instead of having to pay 12% - 22% or more.
Give Yourself a Fresh Start in 2015

It is GUARANTEED to Get Rid Of so Many of Your Problems in the New Year.
www.platinumcredit.info

                                                               

Find out more about High Credit Score’s great programs and promotions by contacting our customer support department at916-842-7773 or e-mailing us at johnljenkins820@gmail.com

We look forward to working with you and wish you much success as an Independent High Credit Score Affiliate! Together we will MANIFEST EXCELLENCE!

The High Credit Score Team

The Past...Has Changed...Now the New...Criteria has arrived...

There was a time when a credit report was strictly used to estimate the likelihood of repayment in the event that you applied for a loan. But in recent years, companies have begun to find surprising uses for your credit score.

Today, credit scores are becoming an increasingly important part of modern life and maintaining a high score can be vital to your finances.

1. Automobile and home insurance companies are now checking applicants’ credit scores to gauge the level of risk that they represent. Their data has shown that those with low credit scores represent a greater risk of filing a claim than those with higher scores.

While it may not seem fair that your credit history is used to judge your risk as a driver or a homeowner, this practice is legal. Therefore, maintaining excellent credit can save you hundreds of dollars a year in insurance premiums.

2.While applicants’ credit scores are not accessed directly by employers, the law allows credit reports to be checked.

“About 13% of employers check credit reports for all candidates, and 47% check for those applying to selected positions,” MSN Money reports.According MSN Money, “About 13% of employers check credit reports for all candidates, and 47% check for those applying to selected positions, according to the Society for Human Resource Management.”

Typically, employers will focus on positions that involve security or responsibility over money, but not always. Federal law allows credit checks for pre-employment screenings, although it must be first approved by the applicant. Since applicants who refuse consent probably won’t get hired, many consider these checks to mandatory in effect.

3. Phone and power companies have for some time accessed customer’s --credit reports. Those with poor credit were often made to place a deposit before they could receive service.

According to the Federal Trade Commission, “The utility company generally can require you to make a deposit or obtain a letter of guarantee if you are a new customer and all new customers are required to pay a deposit, or if you have a bad utility credit history.”

By maintaining good credit, you can avoid the need to make deposits when you order new services.

4.Landlords frequently check credit reports before renting a home or an apartment.And while tenants are unlikely to pay higher rents if they have a low score, they are less likely to be approved to rent in the first place.

5. Although many people will use their credit card to borrow money, there are a sizeable number who will pay their balances in full every month to avoid interest. In fact, there is a specific product designed for these people called a charge card.

Charge card users may not consider themselves to be borrowing money, yet they will need to have an excellent credit score to receive one.

For some people, it may be tempting to give up on maintaining a high credit score. In fact, some feel that they don’t care about their credit history since they have no plans to borrow money.

But for better or worse, your credit history is still very important for reasons that may have little to do with borrowing.

www.platinumcredit.info

                                                               

Find out more about High Credit Score’s great programs and promotions by contacting our customer support department at 916-842-7773or e-mailing us at johnljenkins820@gmail.com
We look forward to working with you and wish you much success as an Independent High Credit Score Affiliate! Together we will MANIFEST EXCELLENCE!

The High Credit Score Team

Commonly used credit scoring model.

The most commonly used credit scoring model is the FICO score.
The FICO score ranges from 300 to 850.
The higher your score, the "safer" you are considered in terms of lending.
In general, you will find that credit score ranges are as follows:

* 760 and above = Excellent
* 700 - 759 = Great
* 660 - 699 = Good
* 620 - 659 = Average
* 580 - 619 = Poor
* Below 579 = Very Poor

As you can see, if your score dips below 580, you will have a great deal
of trouble even qualifying for a loan. If you have a FICO credit score of
less than 580, you might need someone with good credit to co-sign on
your auto loan.

If you are applying for a credit card, you might need to get a secured
credit card, or find a co-signer. With such a low score, lenders are reluctant
to take a chance on you.

*** FICO reports that those who have a credit score of
between 550 and 599 have a delinquency rate of 51%.

Here's what an auto loan of $15,000 will cost you.

1) If you have a Credit score = 720

Loan amount = $15,000
Interest rate = 2.5%
48 month loan = $328.71 / monthly payment

2) If you only have a credit score of only = 550

Loan amount = $15,000
Interest rate = 9.9%
48 month loan = $379.72  / monthly payment

Your low credit score will cost you $51.01 more each month .

With a low FICO credit score of 550 you will pay $ 51.01 more
each month.

www.platinumcredit.info

Find out more about High Credit Score’s great programs and promotions by contacting our customer support department at 916-842-7773or e-mailing us at johnljenkins820@gmail.com
We look forward to working with you and wish you much success as an Independent High Credit Score Affiliate! Together we will MANIFEST EXCELLENCE!

The High Credit Score Team