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Information about credit report, how to get the instant credit report,what is fico score and how to increase fico score and more about credit report & fico score.

Thursday, January 11, 2007

Landlord Credit Checks

By Alison Cole

A person who owns a property such as a house, apartment, or a piece of real estate and rents or leases out his property or properties to other individuals or organizations is known as a landlord. These properties provide the landlords with their source of income. So, checking the tenant's credit worthiness prevents a loss of income for landlords. They have to be very careful while choosing their tenants. There are a lot of means by which landlords can find suitable tenants to rent or lease their properties. The person who is selected must be capable of paying the assigned rent on a regular, agreed-upon basis.

It is standard for the landlord to check the credit worthiness of the tenant. Normally, when a landlord receives an application from a tenant requesting to rent his property, he can check the person's identification and the person's employment status. Then with the consent of the person concerned the landlord can also run a credit check.

The landlord can check the financial abilities of the prospective tenant by contacting the financial institutions in which the tenant has his accounts. The landlord can also contact the tenant?s former landlords to check the payment records of the applicant. There are also agencies that offer reports about the previous payment records of the prospective tenant. This gives the landlord a clear idea about the paying abilities of the tenant and helps him make a decision on whether to accept or deny the tenant's application.

Knowing the true identity of the tenant is a must for the landlord. The landlord may be unable to check all the details by himself. There are firms that offer services to the landlords to identify the fraud and problematic perspective tenant. These firms give the landlord a report on the identity of the applicant, his present and previous addresses, whether his social security number is right or wrong, his previous rent paying records and many other important pieces of information.

By paying the fees for the service, landlords are equipped with reports that enable them to find good, reliable tenants to rent or lease out their property to and in turn, decrease their risk of income losses.

Credit Check provides detailed information on Credit Check, Free Credit Checks, No Credit Check Loans, Collection Agency Credit Checks and more. Credit Check is affiliated with Credit History Repair.

Sunday, January 07, 2007

Credit Scores – Understanding and Improving Your Credit Score

By Nancy Woodward

Since your financial health revolves around the quality of your credit score, it is important you understand what it is, how it works and ways to improve it over time.

When you apply for a loan, lenders try to determine what your risk level is. They are deciding if you can afford the loan, the terms, and what their potential risk is should they extend you credit.

Lenders look at your debt versus your current income, how long you have been employed on your job, and how you have paid your debts in the past. The better your credit score, the chances are you will get the best possible terms for your loan. You can get lower interest rates and faster approvals when you have an excellent credit score.

Your credit report is accessed by the prospective lender to determine if you are credit worthy. This report shows your credit history:

1. The type of credit you use.
2. How long your accounts have been open.
3. How timely you pay your bills.

The lender can also see how much credit you are currently using and how many potential lenders are looking at your report.

You should verify the information on your credit report. You can subscribe to services to receive your report at set intervals or you can annually obtain a free credit report. Derogatory information will affect the interest rates you obtain and the fees you pay. You can be declined for credit based on erroneous information in your credit report.

After obtaining a current report, verify all of the information in it. If you find an error, the credit reporting agency must investigate the potential error. They also must reply to you within thirty days. If this happens while you are applying for credit, you should inform your lender of the inaccuracy.

A few ways you can improve your credit score over time are:

1. Pay your bills on time.
2. Get current and stay current.
3. If you are in trouble making payments, get help. This will take time to turn around your score, but it will work.
4. Reduce the amount of credit you are using ie keep it low on credit cards.
5. Don’t close accounts to raise your score. Generally this may lower your score.

Well, this is a good beginning to understanding your credit and ways to improve your credit score over time. Everything worth having takes time so just work at it consistently.

Nan is an Accountant and Real Estate Professional with an information and research site online RealEstateLady and an ezine author.

Tuesday, January 02, 2007

Want To Get A Credit Card Online

By Chris Ryerson

Many credit cards are offered in the market today thus, making companies more aggressive in advertising and marketing their card services. These companies (e.g. banks, department stores, specialty stores, airlines, hotels, etc.) have found a powerful tool in catching the attention of prospective card holders: online credit card application.

What advantage/s does online credit card application offer?

Filling out a credit card application online is the ultimate in convenience. Now from the very comfortable spot in your home in front of the computer you can apply for and get your own credit card. No waiting in a long bank line to get approved and no having to waste money on gas! No you can sit back and let the companies compete for your business. You are also more likely to get a card that fits your needs better when applying online because it is so easy to compare the different features and incentives.

What is/are the drawback/s of online credit card application?

The major drawback in applying for a credit card online is internet security: computer hacking makes identity theft possible. Make sure that online application is done through a trusted and secure computer.

Do credit cards applied for online offer additional benefits?

No, basically all the services and benefits are the same. Here are some of the benefits given to card holders and future members:

1. airline miles
2. cash back
3. business
4. retail
5. shopping
6. rewards

How does one apply for a credit card online?

Online credit card application is very straightforward. Just follow the directions as prompted. Credit card companies have their respective web sites which are easy to search in the web. Just type the name of the bank, department store/specialty shop, or airlines and add the key words “online credit card application”, and the computer screen will display the search results as well as the URL.

Here are some other reminders when applying for a credit card online:

1. Determine your need for a credit card: travel, grocery, business.
2. Assess your earning capacity and compare this against your needs.
4. Check out the following information about your prospective credit card company through the internet:
5. Application fee. Some companies do not charge for applications.
6. Interest per month. Of course, choose the one with the lowest financial charges.
7. Benefits/Rewards/Advantages. These can sometimes spell the difference between good and best credit cards.
8. Disclaimer. This states additional limitations and/or scope to the credit card; make sure you read this.
9. Application requirements. This is to ensure that all necessary personal data and information are available to you when you do the actual online application.
10. Apply for a credit card online through a secure, trusted, and private computer, never in a public computer.

Applying for a credit card online is the ultimate in convenience and it couldn't be any easier. However since so many companies have to aggressively compete against each other each credit card company offers different packages and bonuses. So doing some comparisons of the different cards and what they offer is where you will want to spend the bulk of your time. Just fill out the forms and submit and you will get approved in 24 hours or less. There is nothing easier!

For more great information credit cards and getting the most for credit check out Best Guides Money: Credit Cards. BestGuideMoney includes other money saving and investing tips as well. Check out Best Guide Money for all of your money related needs.