The Benefits of Freezing Your Credit

When a credit report freeze is done, the file becomes inaccessible from all unauthorized views. All new inquiries will be blocked and only the owner of the report can request for the freeze to be lifted. Once it has been lifted, only the specified company will be able to access the report. Furthermore, the credit report score owner can decide how long the account can stay open to new inquiries.

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How to Take Charge of Your Credit Cards

Each year, millions of consumers incur credit card debt amounting to $5,000 and above. Some of them submit only the minimum due payment each month which means they also incur the additional interest rate, not to mention late fees, if they fail to pay by their due date.

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Dealing with Debt Collectors Firmly

Some agencies are known to violate the provisions of the Fair Debt Collections Act, treating borrowers in an offensive, forceful manner. Some debt collectors may even use threats in order to force payment. When confronted with this situation, what can you do?

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The New Forms of Credit Scoring and You

In the past years, various methods of credit scoring were used to calculate individual credit score. It used to be that credit score was mostly determined by the number of credit cards owned, the frequency of credit card charges, and the cardholder's capability to pay off these charges. Consequently, those who do not own credit cards may be regarded as a poor candidate for credit. As a result, people who cannot qualify for loans may have little choice but to seek out subprime lenders.

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