Kamau and Associates. Since 2003 - The World's 1st Blog for Black & Minority Business
Friday, February 19, 2010
New Credit Card Rules You Should Pay Attention To
Who is Anngie Jenkins, credit expert?
In 2004, with very little guidance and no experience, Anngie rebounded from a home foreclosure and bankruptcy following a job loss. She went from having damaged credit to having high FICO credit scores on all three credit reports. With hard work and determination, she succeeded in regaining control of her financial future.
She has used her experience to help family, friends and colleagues rebuild their credit and increase their FICO credit scores. Today, she is dedicated to helping others who have experienced financial difficulties and challenges in obtaining higher FICO credit scores reach their goals. “25 Ways to Increase Your FICO Credit Scores to 750” is her first eBook, offering practical, proven advice that’s quick, simple and easy for readers to digest.
Her website teaches you How To Increase Your Credit Scores to 750 or more.
Congress passed a law last summer designed to make credit cards a little more consumer-friendly. The rules take effect on Monday, February 22, 2010 and if you are not paying attention you could get burned.
Check out some of the new rules.
•Yes, the bank can still raise your interest rate.
•No, the bank cannot raise your rate or cancel your card because you're behind on another bill. (I really like this one.)
•Yes, it will be harder to get credit cards.
See what the article has to say about that last one. I've been saying it all along. I'll give you a hint: 750 or above credit scores.
Read the article below.
New Credit Card Rules You Should Pay Attention To
Who is Anngie Jenkins, credit expert?
In 2004, with very little guidance and no experience, Anngie rebounded from a home foreclosure and bankruptcy following a job loss. She went from having damaged credit to having high FICO credit scores on all three credit reports. With hard work and determination, she succeeded in regaining control of her financial future.
She has used her experience to help family, friends and colleagues rebuild their credit and increase their FICO credit scores. Today, she is dedicated to helping others who have experienced financial difficulties and challenges in obtaining higher FICO credit scores reach their goals. “25 Ways to Increase Your FICO Credit Scores to 750” is her first eBook, offering practical, proven advice that’s quick, simple and easy for readers to digest.
Her website teaches you How To Increase Your Credit Scores to 750 or more.
Congress passed a law last summer designed to make credit cards a little more consumer-friendly. The rules take effect on Monday, February 22, 2010 and if you are not paying attention you could get burned.
Check out some of the new rules.
•Yes, the bank can still raise your interest rate.
•No, the bank cannot raise your rate or cancel your card because you're behind on another bill. (I really like this one.)
•Yes, it will be harder to get credit cards.
See what the article has to say about that last one. I've been saying it all along. I'll give you a hint: 750 or above credit scores.
Read the article below.
New Credit Card Rules You Should Pay Attention To
Labels: 25 Ways to Increase Your FICO Credit Scores to 750, credit score, How to Increase Your Credit Scores to 750, How to Restore Your Credit, Increase Your Credit Scores
Sunday, February 07, 2010
Experian Sued For Its Deceptive FreeCreditReport.com Ads
Who is Anngie Jenkins, credit expert?
In 2004, with very little guidance and no experience, Anngie rebounded from a home foreclosure and bankruptcy following a job loss. She went from having damaged credit to having high FICO credit scores on all three credit reports. With hard work and determination, she succeeded in regaining control of her financial future.
She has used her experience to help family, friends and colleagues rebuild their credit and increase their FICO credit scores. Today, she is dedicated to helping others who have experienced financial difficulties and challenges in obtaining higher FICO credit scores reach their goals. “25 Ways to Increase Your FICO Credit Scores to 750” is her first eBook, offering practical, proven advice that’s quick, simple and easy for readers to digest.
Her website teaches you How To Increase Your Credit Scores to 750 or more.
So, Experian is being sued for its deceptive FreeCreditReport.com ads. I'm not surprised about this this. I'm surprised consumers go to FreeCreditReport.com and/or Experian for annything; credit report or credit scores. This is not that place to get your free credit report nor your credit scores.
In my ebook, I share two important pieces of information, and that is:
1. Know where to purchase two of your FICO credit scores (including credit report).
All credit scores are not created equal. There are only two real places to get your unbiased, true FICO credit scores.
2. Know where to get your free credit report (FICO credit scores NOT included).
Federal law dictates that all consumers have access to their free credit reports. Do you know where to get yours?
Experian is NOT the place to go to get your credit report or FICO scores.
Read the article below about Experian being sued.
Experian Sued For Its Deceptive FreeCreditReport.com Ads
Who is Anngie Jenkins, credit expert?
In 2004, with very little guidance and no experience, Anngie rebounded from a home foreclosure and bankruptcy following a job loss. She went from having damaged credit to having high FICO credit scores on all three credit reports. With hard work and determination, she succeeded in regaining control of her financial future.
She has used her experience to help family, friends and colleagues rebuild their credit and increase their FICO credit scores. Today, she is dedicated to helping others who have experienced financial difficulties and challenges in obtaining higher FICO credit scores reach their goals. “25 Ways to Increase Your FICO Credit Scores to 750” is her first eBook, offering practical, proven advice that’s quick, simple and easy for readers to digest.
Her website teaches you How To Increase Your Credit Scores to 750 or more.
So, Experian is being sued for its deceptive FreeCreditReport.com ads. I'm not surprised about this this. I'm surprised consumers go to FreeCreditReport.com and/or Experian for annything; credit report or credit scores. This is not that place to get your free credit report nor your credit scores.
In my ebook, I share two important pieces of information, and that is:
1. Know where to purchase two of your FICO credit scores (including credit report).
All credit scores are not created equal. There are only two real places to get your unbiased, true FICO credit scores.
2. Know where to get your free credit report (FICO credit scores NOT included).
Federal law dictates that all consumers have access to their free credit reports. Do you know where to get yours?
Experian is NOT the place to go to get your credit report or FICO scores.
Read the article below about Experian being sued.
Experian Sued For Its Deceptive FreeCreditReport.com Ads
Labels: 25 Ways to Increase Your FICO Credit Scores to 750, credit score, How to Increase Your Credit Scores to 750, How to Restore Your Credit, Increase Your Credit Scores
Monday, February 01, 2010
Credit Repair – Increasing Your Credit Score Above 700 in 2010
Who is Anngie Jenkins, credit expert?
In 2004, with very little guidance and no experience, Anngie rebounded from a home foreclosure and bankruptcy following a job loss. She went from having damaged credit to having high FICO credit scores on all three credit reports. With hard work and determination, she succeeded in regaining control of her financial future.
She has used her experience to help family, friends and colleagues rebuild their credit and increase their FICO credit scores. Today, she is dedicated to helping others who have experienced financial difficulties and challenges in obtaining higher FICO credit scores reach their goals. “25 Ways to Increase Your FICO Credit Scores to 750” is her first eBook, offering practical, proven advice that’s quick, simple and easy for readers to digest.
Her website teaches you How To Increase Your Credit Scores to 750
By improving your credit score you will find that you have much more financial leverage when it comes to borrowing money. You will be able to get much lower interest rates on any type of loan including a personal loan, a car loan or a home loan. With this in mind it might be wise to contact a credit repair company today so you make sure your credit score is as high as it should be.
Read the article below.
Credit Repair – Increasing Your Credit Score Above 700 in 2010
Who is Anngie Jenkins, credit expert?
In 2004, with very little guidance and no experience, Anngie rebounded from a home foreclosure and bankruptcy following a job loss. She went from having damaged credit to having high FICO credit scores on all three credit reports. With hard work and determination, she succeeded in regaining control of her financial future.
She has used her experience to help family, friends and colleagues rebuild their credit and increase their FICO credit scores. Today, she is dedicated to helping others who have experienced financial difficulties and challenges in obtaining higher FICO credit scores reach their goals. “25 Ways to Increase Your FICO Credit Scores to 750” is her first eBook, offering practical, proven advice that’s quick, simple and easy for readers to digest.
Her website teaches you How To Increase Your Credit Scores to 750
By improving your credit score you will find that you have much more financial leverage when it comes to borrowing money. You will be able to get much lower interest rates on any type of loan including a personal loan, a car loan or a home loan. With this in mind it might be wise to contact a credit repair company today so you make sure your credit score is as high as it should be.
Read the article below.
Credit Repair – Increasing Your Credit Score Above 700 in 2010
Labels: 25 Ways to Increase Your FICO Credit Scores to 750, credit score, How to Increase Your Credit Scores to 750, How to Restore Your Credit, Increase Your Credit Scores
Monday, January 25, 2010
Overdrawn Bank Account Can Lower Your Credit Scores
Who is Anngie Jenkins, credit expert?
In 2004, with very little guidance and no experience, Anngie rebounded from a home foreclosure and bankruptcy following a job loss. She went from having damaged credit to having high FICO credit scores on all three credit reports. With hard work and determination, she succeeded in regaining control of her financial future.
She has used her experience to help family, friends and colleagues rebuild their credit and increase their FICO credit scores. Today, she is dedicated to helping others who have experienced financial difficulties and challenges in obtaining higher FICO credit scores reach their goals. “25 Ways to Increase Your FICO Credit Scores to 750” is her first eBook, offering practical, proven advice that’s quick, simple and easy for readers to digest.
Her website teaches you How To Increase Your Credit Scores to 750
Did you know a debt from an overdrawn bank account that is not paid quickly can appear on your credit reports and lower your credit scores substantially?
Read the article below.
Overdrawn Bank Account Can Lower Your Credit Scores
Who is Anngie Jenkins, credit expert?
In 2004, with very little guidance and no experience, Anngie rebounded from a home foreclosure and bankruptcy following a job loss. She went from having damaged credit to having high FICO credit scores on all three credit reports. With hard work and determination, she succeeded in regaining control of her financial future.
She has used her experience to help family, friends and colleagues rebuild their credit and increase their FICO credit scores. Today, she is dedicated to helping others who have experienced financial difficulties and challenges in obtaining higher FICO credit scores reach their goals. “25 Ways to Increase Your FICO Credit Scores to 750” is her first eBook, offering practical, proven advice that’s quick, simple and easy for readers to digest.
Her website teaches you How To Increase Your Credit Scores to 750
Did you know a debt from an overdrawn bank account that is not paid quickly can appear on your credit reports and lower your credit scores substantially?
Read the article below.
Overdrawn Bank Account Can Lower Your Credit Scores
Labels: 25 Ways to Increase Your FICO Credit Scores to 750, credit score, How to Increase Your Credit Scores to 750, How to Restore Your Credit
Saturday, January 23, 2010
A Good Credit Score is Not Good Enough Anymore
Who is Anngie Jenkins, credit expert?
In 2004, with very little guidance and no experience, Anngie rebounded from a home foreclosure and bankruptcy following a job loss. She went from having damaged credit to having high FICO credit scores on all three credit reports. With hard work and determination, she succeeded in regaining control of her financial future.
She has used her experience to help family, friends and colleagues rebuild their credit and increase their FICO credit scores. Today, she is dedicated to helping others who have experienced financial difficulties and challenges in obtaining higher FICO credit scores reach their goals. “25 Ways to Increase Your FICO Credit Scores to 750” is her first eBook, offering practical, proven advice that’s quick, simple and easy for readers to digest.
Her website teaches you How To Increase Your Credit Scores to 750
Make 2010 the year you boost your credit scores! A few years ago a score of 620 or higher was good enough. That increased to 680 in early 2008. Then it jumped to 720 in April last year and 740 in August 2009. See, I've been saying for a long time now--aim for credit scores of 750 or above.
Check out this article.
Good Credit Not Good Enough Anymore
Who is Anngie Jenkins, credit expert?
In 2004, with very little guidance and no experience, Anngie rebounded from a home foreclosure and bankruptcy following a job loss. She went from having damaged credit to having high FICO credit scores on all three credit reports. With hard work and determination, she succeeded in regaining control of her financial future.
She has used her experience to help family, friends and colleagues rebuild their credit and increase their FICO credit scores. Today, she is dedicated to helping others who have experienced financial difficulties and challenges in obtaining higher FICO credit scores reach their goals. “25 Ways to Increase Your FICO Credit Scores to 750” is her first eBook, offering practical, proven advice that’s quick, simple and easy for readers to digest.
Her website teaches you How To Increase Your Credit Scores to 750
Make 2010 the year you boost your credit scores! A few years ago a score of 620 or higher was good enough. That increased to 680 in early 2008. Then it jumped to 720 in April last year and 740 in August 2009. See, I've been saying for a long time now--aim for credit scores of 750 or above.
Check out this article.
Good Credit Not Good Enough Anymore
Labels: 25 Ways to Increase Your FICO Credit Scores to 750, How to Restore Your Credit, Increase Your Credit Scores
Monday, January 18, 2010
7 Reasons Why You Should Increase Your Credit Scores to 750 or More!
By Anngie Jenkins Credit Consultant
By Anngie Jenkins Credit ConsultantIt’s 2010 and the credit market is very tight these days. Today, it will take credit scores between 750 and 770 to qualify for most loans—even auto loans! Just a year ago borrowers with credit scores in the low 600s could easily purchase a new car with an auto loan at a decent interest rate. Those days are over.
This new economy has new credit requirements that reflect a new credit market that is here to stay. Bottom line is: Banks only want to extend credit to consumers they can almost guarantee will not default on their loans. By credit-scoring standards, that means a borrower will need credit scores in the high 700s. If your credit scores are lower than that, down payments or deposits will always be required. And, finding a loan may be impossible or you may find yourself paying astronomical interest rates that were once reserved for borrowers with really bad credit.
Basically, paying with cash never looked so good. Or, does it really? With this new economy brings a cashed strapped society. Who has cash to pay for an auto? So, here are seven reasons why you should increase your credit scores to 750 or more.
1. Saves Money
Improving your credit scores will undoubtedly change your lifestyle. You will save money on high interest rate auto loans, credit cards, mortgages and high auto insurance premiums. No more down-payments for basic, necessary utilities required for any house or apartment.
Your lifestyle will change because you’ll have more money to do more--such as start a savings account, pay off or pay down bills, travel, entertainment or whatever your heart desires.
2. No Down-Payments or Deposits
Basic, necessary utilities such as electric, gas, water and phone service—cell and/or land line will require a down-payment when your credit scores are low. Often times you don’t have an extra $75, $100 or sometimes as high as $150 lying around for your utility provider to invest and acquire interest on your money for a year. Oh sure, they’ll return your down-payment or even apply it to future bills but not before you prove you’re a customer in good standing by paying all your bills on-time for a year.
Simply, increase your credit scores and you’ll qualify for no down-payments or deposits with all your utility providers—even your cable provider, if you choose to have one.
3. Hired for a Job (or better job)
Unfortunately, many companies (especially the financial and insurance industries) conduct credit checks for potential employees. It’s an unfair practice that more companies are adopting. But, this is the new economy in which we are living.
I know what you’re saying, “How can I fix my credit and increase my scores without a job?” It’s a catch 22 situation. As they say, “It is what it is.” Yes, it’s unfair. Blame the new economy.
Make it a goal and work your plan to build your credit and increase your credit scores to ensure you’ll get hired for any job.
4. Apartment Rental Application Approval/Acceptance
Today it seems everyone is using credit, even prospective landlords and professional management companies. Some rental properties have strict rental requirements (no credit blemishes, high credit scores or both) and won't let you move in if you don’t meet their requirements.
Although you can rent a property with bad credit or low credit scores, it will be difficult to rent a decent home or apartment--even if you have an excellent rental history and a high income.
We all desire a decent place to live. This is all the more reason to improve your credit and increase your credit scores so you qualify to rent anywhere you choose--without limitations.
5. Low Auto Insurance Premiums
We all know your credit score has nothing to do with your driving capabilities. You could be an excellent driver and your driving record reflects such. However, low credit scores equate to high auto insurance premiums.
Sure you probably qualify for a discount or two offered by the auto insurance company. But, the most obvious way to get a lower auto insurance premium is to improve your credit and increase your credit scores.
6. Low Home Owner’s Insurance Premiums
Yes, your credit scores play a role in how much you’ll pay for home owner’s insurance. If your credit scores are low, your home owner’s insurance premium will be high. Statistics state there is a direct
correlation between low credit scores and high home owner’s insurance claims.
Of course a monitored security alarm system will provide a small discount, but nothing will provide an even lower premium than high credit scores. Improve your credit to increase your credit scores.
7. Qualify to Apply for Business Credit
Applying for business credit may be the ultimate goal you set out to achieve as a result of obtaining high personal credit scores. After you’ve built your personal credit and increased your FICO credit scores between 750 and 850, you qualify to apply for business credit, if you desire (provided you’ve already established an entity, TIN and other requirements to start a business).
Having business credit will allow you to keep your personal finances separate from your business finances. Doing so will also keep your personal credit card balances manageable. How? You no longer have to use personal credit for business related expenses.
Although you leveraged your personal credit to obtain business credit, the nice thing about business credit is, the business credit never appears on your personal credit reports.
As soon as you’re approved for your first business credit trade line, you’ve established a business credit file. Continue to build your business credit and treat it the same way you treat your personal credit.
Conclusion
Low FICO credit scores can dramatically affect your life. Fortunately, you have the power to change them. Knowing how to improve your credit to increase your FICO credit scores has become an important skill in today's credit-dependent society. To learn how to improve your credit and increase your FICO credit scores, you need to understand what FICO credit scores mean and how they’re calculated.
Paying bills on time and paying down debt will definitely keep your FICO credit scores high. Most people know these two very important steps to improving their credit and keeping their FICO credit scores high. But, there’s more to it than that.
Who is Anngie Jenkins, credit expert?
In 2004, with very little guidance and no experience, Anngie rebounded from a home foreclosure and subsequent bankruptcy following a job loss. She went from having damaged credit to having high FICO credit scores on all three credit reports. With hard work and determination, she succeeded in regaining control of her financial future.
She has used her experience to help family, friends and colleagues rebuild their credit and increase their FICO credit scores. Today, she is dedicated to helping others who have experienced financial difficulties and challenges in obtaining higher FICO credit scores reach their goals. “25 Ways to Increase Your FICO Credit Scores to 750” is her first eBook, offering practical, proven advice that’s quick, simple and easy for readers to digest.
Her website is http://www.IncreaseYourCreditScoresto750.com.
This new economy has new credit requirements that reflect a new credit market that is here to stay. Bottom line is: Banks only want to extend credit to consumers they can almost guarantee will not default on their loans. By credit-scoring standards, that means a borrower will need credit scores in the high 700s. If your credit scores are lower than that, down payments or deposits will always be required. And, finding a loan may be impossible or you may find yourself paying astronomical interest rates that were once reserved for borrowers with really bad credit.
Basically, paying with cash never looked so good. Or, does it really? With this new economy brings a cashed strapped society. Who has cash to pay for an auto? So, here are seven reasons why you should increase your credit scores to 750 or more.
1. Saves Money
Improving your credit scores will undoubtedly change your lifestyle. You will save money on high interest rate auto loans, credit cards, mortgages and high auto insurance premiums. No more down-payments for basic, necessary utilities required for any house or apartment.
Your lifestyle will change because you’ll have more money to do more--such as start a savings account, pay off or pay down bills, travel, entertainment or whatever your heart desires.
2. No Down-Payments or Deposits
Basic, necessary utilities such as electric, gas, water and phone service—cell and/or land line will require a down-payment when your credit scores are low. Often times you don’t have an extra $75, $100 or sometimes as high as $150 lying around for your utility provider to invest and acquire interest on your money for a year. Oh sure, they’ll return your down-payment or even apply it to future bills but not before you prove you’re a customer in good standing by paying all your bills on-time for a year.
Simply, increase your credit scores and you’ll qualify for no down-payments or deposits with all your utility providers—even your cable provider, if you choose to have one.
3. Hired for a Job (or better job)
Unfortunately, many companies (especially the financial and insurance industries) conduct credit checks for potential employees. It’s an unfair practice that more companies are adopting. But, this is the new economy in which we are living.
I know what you’re saying, “How can I fix my credit and increase my scores without a job?” It’s a catch 22 situation. As they say, “It is what it is.” Yes, it’s unfair. Blame the new economy.
Make it a goal and work your plan to build your credit and increase your credit scores to ensure you’ll get hired for any job.
4. Apartment Rental Application Approval/Acceptance
Today it seems everyone is using credit, even prospective landlords and professional management companies. Some rental properties have strict rental requirements (no credit blemishes, high credit scores or both) and won't let you move in if you don’t meet their requirements.
Although you can rent a property with bad credit or low credit scores, it will be difficult to rent a decent home or apartment--even if you have an excellent rental history and a high income.
We all desire a decent place to live. This is all the more reason to improve your credit and increase your credit scores so you qualify to rent anywhere you choose--without limitations.
5. Low Auto Insurance Premiums
We all know your credit score has nothing to do with your driving capabilities. You could be an excellent driver and your driving record reflects such. However, low credit scores equate to high auto insurance premiums.
Sure you probably qualify for a discount or two offered by the auto insurance company. But, the most obvious way to get a lower auto insurance premium is to improve your credit and increase your credit scores.
6. Low Home Owner’s Insurance Premiums
Yes, your credit scores play a role in how much you’ll pay for home owner’s insurance. If your credit scores are low, your home owner’s insurance premium will be high. Statistics state there is a direct
correlation between low credit scores and high home owner’s insurance claims.
Of course a monitored security alarm system will provide a small discount, but nothing will provide an even lower premium than high credit scores. Improve your credit to increase your credit scores.
7. Qualify to Apply for Business Credit
Applying for business credit may be the ultimate goal you set out to achieve as a result of obtaining high personal credit scores. After you’ve built your personal credit and increased your FICO credit scores between 750 and 850, you qualify to apply for business credit, if you desire (provided you’ve already established an entity, TIN and other requirements to start a business).
Having business credit will allow you to keep your personal finances separate from your business finances. Doing so will also keep your personal credit card balances manageable. How? You no longer have to use personal credit for business related expenses.
Although you leveraged your personal credit to obtain business credit, the nice thing about business credit is, the business credit never appears on your personal credit reports.
As soon as you’re approved for your first business credit trade line, you’ve established a business credit file. Continue to build your business credit and treat it the same way you treat your personal credit.
Conclusion
Low FICO credit scores can dramatically affect your life. Fortunately, you have the power to change them. Knowing how to improve your credit to increase your FICO credit scores has become an important skill in today's credit-dependent society. To learn how to improve your credit and increase your FICO credit scores, you need to understand what FICO credit scores mean and how they’re calculated.
Paying bills on time and paying down debt will definitely keep your FICO credit scores high. Most people know these two very important steps to improving their credit and keeping their FICO credit scores high. But, there’s more to it than that.
Who is Anngie Jenkins, credit expert?
In 2004, with very little guidance and no experience, Anngie rebounded from a home foreclosure and subsequent bankruptcy following a job loss. She went from having damaged credit to having high FICO credit scores on all three credit reports. With hard work and determination, she succeeded in regaining control of her financial future.
She has used her experience to help family, friends and colleagues rebuild their credit and increase their FICO credit scores. Today, she is dedicated to helping others who have experienced financial difficulties and challenges in obtaining higher FICO credit scores reach their goals. “25 Ways to Increase Your FICO Credit Scores to 750” is her first eBook, offering practical, proven advice that’s quick, simple and easy for readers to digest.
Her website is http://www.IncreaseYourCreditScoresto750.com.
Labels: 25 Ways to Increase Your FICO Credit Scores to 750, credit score
Facebook Can Affect Your Credit? Yikes!
By Anngie Jenkins, Credit Expert
Big Brother is watching...everywhere! Creditors are taking extreme measures to verify your credit worthiness. If creditors are really doing this, please keep your conversations clean on Facebook.
Check out the article below.
http://blog.timesunion.com/business/facebook-can-affect-your-credit-yikes/17103/#comments
By Anngie Jenkins, Credit ExpertBig Brother is watching...everywhere! Creditors are taking extreme measures to verify your credit worthiness. If creditors are really doing this, please keep your conversations clean on Facebook.
Check out the article below.
http://blog.timesunion.com/business/facebook-can-affect-your-credit-yikes/17103/#comments
