jimbonumber9 asked:

Greed has hurt the economy badly like never before! “The story of the credit rating agencies is a story of colossal failure.” Also, rushing to ease endangered species rules before President Bush leaves office, US Interior Dept. officials are trying to review 200000 comments from the public in just 32 hours. “Somebody has lit a fire under these guys to get this done in due haste,” gutting the endangered species act!

Marc

Terry Edwards asked:




Poor credit ratings are common, and whether a person is considered wealthy, middle-class or poor does not seem to have a true relationship to their credit rating. Perhaps this trend is because some of us live beyond our means, or because we get into financial hardships that we have no control over, or maybe it’s due to simple procrastination. Whatever the reasons may be, many Americans are searching for a way to improve their credit rating.

If this describes you please know that you are in good company. Surveys prove that credits ratings are a concern for most American households. This article will provide some simple strategies for improving your credit rating.

Although credit ratings will not go up overnight, with time they can be improved. Start by getting a copy of your credit report. Check it thoroughly for accuracy. If you find any false or inaccurate information you should act immediately. Contact the reporting agency clearly identifying each mistake. Be exact in stating why it is wrong. It is wise to send a copy of your report with the errors circled along with any supporting documentation. Keep copies of all forms, letters and documentation that you send the credit bureaus.

The agency is required to investigate any relevant dispute within 30 days of receiving your letter. Anything that is not verified as accurate by a creditor is removed. If changes are made to your credit file you will be notified and the bureau will send you an updated copy of your credit report.

The next step in improving your credit rating is devising a spending plan. Ideally you want to reduce your debt to the degree that you are able to make payments on time – every time.

Being proactive is essential to improving a credit rating. If you are not able to make your payments on time call your creditors to negotiate a payment date or schedule. This will keep your accounts in better standing

If your credit is extremely bad, perhaps you’ve filed bankruptcy, you need to work at re-establishing good credit as soon as possible. Buy something on credit and pay it off according to payment schedule or earlier.

Other suggestions for improving your credit rating include using the services of a professional debt relief counselor. Many of such services and programs have been created over the last few years. These programs can save you money, time, and stress, as you improve your credit score.

Yvonne

GuildF40 asked:

AAA LINK www.independent.co.uk

Edna

Robert Pantanella asked:




Improving your credit score is easier than you may think. Whether you have good credit or you have bad credit, it’s always in your best interest to improve your credit score. That little three digit number speaks volumes about your financial history and is a pivotal number for your financial future. Having a higher credit rating can save you thousands of dollars in interest when financing and offers you many more options in financing. Improving your credit score can be surprisingly simple.

First, check your credit score online. You can get a free credit report at the link below. Several companies, such as Transunion, Equifax, and Experian can also guide you through the process and project your credit rating. Once you’ve checked your credit score, check your credit history. Make sure it is accurate. Sometimes you can improve your credit score drastically just by removing erroneous or fraudulent charges from your credit history. There are pre-made forms to make this easier.

So you’ve checked your credit score and it is free of errors and you still want to improve your score. There are experts in the education about how your credit is rated and they can help you make better financial decisions to help improve your credit score. Credit ratings are based on the number of credits you have issued, your payments histories, your total amount still owed, the length of time you’ve had credit established, and how many new credit accounts you’ve recently opened. Add up these figures and you arrive at your credit score. Little things can make a huge difference when it comes to improving your credit score.

Simple things such as paying your bills on time can add up to better credit. Keeping the balance low on your outstanding credit cards or only opening credit accounts that you plan on using can also make a difference in your credit score. Keeping your revolving balance at 30% of your high credit limit will help maximize your credit scores. Disputing negative items with the credit repositories can be very difficult. So that is why we have created forms to assist you in removing negative items from your credit report.

Georgia

Bloomberg asked:

Moody’s cut Berkshire’s top credit rating to AA-2. (Taking Stock)

Cindy

debtruth1 asked:

www.reuters.com www.bloomberg.com www.reuters.com (A CLIP BELOW) NEW YORK, March 15 (Reuters) – American International Group Inc (AIG.N) disclosed on Sunday that US and European banks have been among the biggest beneficiaries of the up to $180 billion US taxpayer bailout of the insurer. The following lists the payments made to AIG’s securities lending counterparties between Sept. 16 — the date of the initial government rescue — and the end of the year: Institution Amount (in blns) ——————————————- Barclays (BARC.L) $7.0 Deutsche Bank (DBKGn.DE) $6.4 BNP Paribas (BNPP.PA) $4.9 Goldman Sachs (GS.N) $4.8 Bank of America (BAC.N) $4.5 HSBC (HSBA.L) $3.3 Citigroup (CN) $2.3 Dresdner Kleinwort $2.2 Merrill Lynch $1.9 UBS (UBSN.VX) $1.7 ING (ING.AS) $1.5 Morgan Stanley (MS.N) $1.0 Societe Generale (SOGN.PA) $0.9 AIG International Inc $0.6 Credit Suisse (CSGN.VX) $0.4 Paloma Securities $0.2 Citadel $0.2 ——————————————- Total $43.7 bln Source: AIG Song of the day #1 Verdi “La Traviata Prelude to Act 1″ www.youtube.com Song of the day #2 Bach “Harpsichord Concerto No. 5 in F Minor” www.youtube.com

Jay

ehowfinance asked:

Repair a credit rating by repairing any inaccurate information on a credit report, lowering the debt-to-income ratio and avoiding over-extending finances. Pay debts on time and in the correct amounts to boost credit scores with tips from acertified financial consultant in this free video on credit counseling. Expert: William Rae Contact: www.hbwfl.com Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years. Filmmaker: Christopher Rokosz

Doris

ndtvprofit asked:

SME Forum: Voices from the industry discuss the benefits of credit rating for SMEs.

Julio

Stephen Chua asked:




Many people with bad credit are looking for ways to improve their credit fast. Frankly, there isn’t any quick fix if you have bad credit. Improving your credit takes time. However, here are three things you can do to speed up the process.

1. Pay down your debt

If you are currently doing only minimum payment for you credit card debt, you will wan to consider paying another ten percent more. If your debt is spread across a few cards and you can only afford to increase the minimum payment for only one card, pick the card with the lowest outstanding balance. This idea here is to eliminate the lowest outstanding balance fast so you are motivated to continue with the idea of increasing your minimum payment.

2. Keep credit accounts open

The longer you have credit, the better your credit rating. If you have a credit card that is ten years old, do not close it yet. Long credit history tends to have a more favorable impact on your score. Even if you no longer need that card, just put it away in a safe place for the time being.

The other reason for not closing credit accounts is to keep your debt to credit ratio as low as possible. If you continue to pay down you debt while keeping the credit amount constant, you will have a low debt to credit ratio, which will affect your credit score in a positive way.

3. Co-signing for a loan

If you know of a friend or relative who has a good credit record and is looking to get a loan, you can consider co-signing for the loan with her. However, this is a double edge sword. In the event that the co-signer did not make payment regularly, your credit score will take a nose dive as well. On the other hand, if you co-singer always make payment on time, you will get a boost to your credit score.

Although applying these tips can boost your score, it cannot happen overnight. You have to monitor the progress by reviewing your credit report regularly, preferably once every 30 days for the first three months. You will also have to fine-tune your efforts if you are not seeing improvements along the way. The important thing is not to give up. As you continue to work on improving your credit score on a daily basis, the only direction your credit score will go is up.

Jason

David Kamau asked:




How do you show lenders, landlords and yes, even employers know that that you’re trustworthy and reliable? Your credit score also known as credit rating. Improve your credit rating and other important aspects of your life will improve as well.

This is your financial report card on how well you keep promises and better yet, it’s indicator of your responsibilities and how well you handle them.

Your credit score will have many effects on your life. This can be positive or negative. From being approved for a mortgage to an auto loan. The higher your credit score gets, the easier it will be to obtain any material item at the best possible rates.

When you have a high score banks will throw money at you and are willing to stand your ground on flexible repayment terms because you’ve shown you are worthy of it.

Not everyone shares this luck. Many have a below average or poor credit score. However, there are steps you can take to improve your credit worthiness.

The credit score is determined by the all positive and negative information or trade lines that appear on your report. Some of the information will weigh more than other data, so when working to raise your credit score you want to start with those negative areas having the most impact.

The first obvious thing that you can do to improve your credit score is make payments on time. Creditors report payments to the credit agencies either every 30 days or every quarter. Therefore, you can pretty much guarantee if your bills are paid on time, your score will rise within 3 to 6 months.

Next, you want to review your report to see if there is not false information on there. Perhaps, your creditor has placed a negative trademark saying you paid late when you didn’t. You want to write to the credit agency denying this and asking that it be corrected.

Now, if you have proof, this can happen much quicker and they’ll have no other choice but to update favorably.

What if you have no proof? There are two ways to go about it here. One is to dispute anyway and hope that at least some of your creditors don’t keep good records. A long shot, but sometimes it works.

The other is to look for mistakes in dates, account numbers, types of account as well as signs of debt re-aging. Re-aging of debt is illegal, but debt collectors count on you not knowing this. Don’t disappoint them; show them that you do know.

The good thing about finding mistakes in reports is that it legitimizes the dispute and is likely to get a negative item removed.

Miguel