Below are some of the top recent articles in the news that include tips on how to rebuild and boos your FIVO credit score, improving business credit scores, balance transfer cards, credit and credit rating and bankruptcy.
Tricks and Tips on How to Quickly Boost Your FICO Credit Score
Learn tips about how to boost your score quickly so you can qualify for the best interest rates and lower insurance premiums. You may want to consider transferring balances to 0% rate credit cards (Sponsor Link) in order to pay your credit card debt off faster. The amount of debt are carrying on unsecured credit cards has a big impact on your credit score and you should always focus on lowering your debt more than your credit score- your credit score will naturally rise as you pay down debt.
Or, if your credit score is on the low end (660 or lower- check free services like the Credit Karma to get your score and to get free tips on increasing your score), we always recommend secured cards as a great way to rebuild credit. (Sponsor Link) If you are looking to improve a business score, check out the article below.
How to get a perfect credit score: Tidy up your report to give yourself the best chance of getting a top mortgage rate
Source: https://www.thisismoney.co.uk/money/cardsandloansguides/article-5550725/How-perfect-credit-score.html This is Money (please note that this is a UK publication)
Banks reserve their best lending deals for those borrowers with the highest credit scores. To give yourself the best chance of getting a top rate, make some time to tidy up your credit file.
Check up on your report
Your credit report contains information from banks and other lenders, insurers, mobile phone firms and some utility suppliers. As well as personal information such as your name, address and whether you’re on the electoral roll, it also shows what credit cards, mortgages and bank accounts you have in place, whether you’ve missed any payments, defaulted on debt (payments 30 days late or more are reported in the U.S.) and even just applied for a credit agreement recently.
Important Consumer Note!
No Credit/Bad Credit? Click here to build your credit score using a real credit card (not a prepaid or debit card that won't help your credit)!A high credit score can allow you to get a lower rate loan, lower your insurance premiums and may even help you get a job! (sponsor link)
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This information is held by three reporting agencies (also called credit bureaus) — Experian, Equifax and TransUnion. They use it to calculate your credit score which tells financial companies how much risk you are likely to pose as a customer. When rebuilding your credit, you should obtain a copy of your report from each of the three bureaus and can do so by visiting AnnualCreditReport.com.
5 Secrets of Improving Credit Scores in Small Business Finance
Source: Small Business Trends
Most entrepreneurs at one point or another must search for funding to launch or grow their businesses. Startups, by nature, do not have a track record of generating revenue or profits. Nor do they have a history of repaying loans. However, individuals do.
This is why credit scores play such a critical role in small business finance. Before they will make a funding decision, lenders will assess the ability of the borrower to repay debt. With startup ventures, there is often little else to go on, other than the entrepreneur’s personal financial history. Thus, an individual’s credit score plays a major role in a bank underwriter’s decision to approve a small business financing request.
When trying to improve creditworthiness, one factor is to reduce your utilization rate. Hold off on making purchases that are not necessary at this time so that you do not add to the debt that your company has already incurred. Use the savings to pay down debt and ultimately raise your credit score.
Here are some tips for improving your credit score.
1. Review Credit Report
2. Open a Business Credit Card
3. Schedule Automatic Payments
4. Run a Lean Company and Reduce Your Debt
5. Refrain from continuously opening credit cards and shifting debt
https://smallbiztrends.com/2018/03/improving-credit Go here for the full article from Small Business Trends.
3 Steps To on How to Rebuild From Bankruptcy
Source: Forbes
In 2017, more than 700,000 people filed for bankruptcy. A bankruptcy can remain on a credit report for up to ten years, depending upon the type filed. You do not have to wait ten years for the sting of bankruptcy to be removed. A 
study published this week by LendingTree looked at loan terms offered to more than one million LendingTree users during 2017. It found that:
- After just two years, 65% of people who filed bankruptcy had a score of 640 or higher
- After three years, people who apply for a mortgage with a bankruptcy on their record paid only 19 bps more than people with no bankruptcy
- The LendingTree data confirms what I have experienced during my career in consumer banking: if you have a plan and behave responsibly, you can recover from bankruptcy quickly. If you have filed for bankruptcy, here are three steps you can take to ensure a rapid recovery.
study published this week by LendingTree looked at loan terms offered to more than one million LendingTree users during 2017. It found that:
Once your bankruptcy is discharged, open a secured credit card. Typically you can find a secured card that does not charge an annual fee. With a secured card, you must provide a deposit. Your credit limit will be …
Editor's Note: Shop for secured cards online or through your local bank/credit union. You can often increase a credit score by 50 points or more within 6-12 months and be able to qualify for an unsecured card. If you're not interested in getting a secured card (they do charge interest if you carry a balance), then consider a service like Self Lender (which has recently rebranded as Self) or a credit builder loan at your local bank or credit union (you usually have to use your own money to secure the loan). We advise that you avoid credit repair companies at all costs (see customer comments below).
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Longest No Interest Credit Card Balance Transfer Offers for 2018
Will it Hurt my Credit Score If I Apply for a Balance Transfer
Quick tip- I used Experian Boost a couple of years ago and I initially improved my score by 20-30 points.
No real changes in my score since then, but I did manage to get a Few things discharged from my credit reports.
Also my Bankruptcy should fall off next year, which I hope will help my score a lot – anyone have any suggestions?
My bad report kept on preventing me from getting approved a new loan. I started seeking for a hacker to help me fix my credit report, which I would not recommend. On a discussion with Kate, a customer, she recommended self credit repair.
She told me how they fixed up her credit report and increased her FICO credit score. Eventually, I got approved for everything. My business is expanded and I live in a new home now- got approved for a mortgage!
I discovered the best credit repair service I know of. I can guarantee you 100% that he’s the best in increasing one’s credit score (FICO) and deleting of all the derogatory collections on credit report.
They also helped me pay off my big mortgage balance. I have used their service for 2 years now and I’ve referred him to several other friends. I still think though that the do it yourself approach to credit repair is best.
I have tried to apply for a new secured credit card last week as I turned 18 but I could not get approved. I went online to do some comparison shopping and checked my credit rating (aka FICO credit score) and it says that I had a bad credit profile so I need a credit help asap. I went back online to sort for a credit company to help me to increase my credit and add tradeline (that will report to one of the 3 major credit bureaus) so I can be approved for a credit card.
Anyone have any experiences like this?
For almost 2 years now, I have been fighting and disputing with the 3 major credit bureaus about many negative items that are appearing on my credit reports that do not belong to me or have I ever associated with as I was a victim of identity theft.
I have faxed them the required paperwork and everything else but they keep coming back with removing absolutely nothing. I hired 2 credit repair agencies, Lexington Law and credirepair.com and again that was a waste of time and money- I spent over $2100.00.
Am open to any suggestions. Wish I would have used a self help approach to fix my credit.
I have never seen such a credit increase with my credit report until recently when i got introduced to self help credit repair in regard to repairing my credit score.
I got everything done fairly quickly. I raised my credit score above 800’s respectively across the three major Credit Bureaus. And I even erased the past Eviction on my credit report too (from an apartment). Would highly suggest the self help approach. Check out Experian Boost.
Wanted to share some feedback some feedback on the new Experian Boost that is being advertised quite a bit.
They said my free credit score was around 560 AFTER they boosted my score about 40-50 points (it was done quickly- only took a few minutes to boost my score and this is not a scam and doesn’t cost anything!).This is obviously really low but I filed for bankruptcy 8 years ago (it should fall off my report in two years) and my score was 520 prior to the boost.
When you click “boost your score” on their website, it will automatically detect your banking info. once you enter the last 4 digits of your social security number. And you verify a few bits of info. I believe it boosted me because I have paid my bills on time including utility bills.
They gave me 3 credit card offers – one was a Discover secured and they said after 8 months they would give me an unsecured Discover It Card (and refund from deposit).
Hope this is helpful. Would recommend Boost- fairly easy to use and free!
This is Katy from Divorce Care. I need you to give me your friends name or are you in the business of helping with credit scores?
I am finally divorced and I was able to keep my house but I have to refinance it. When I called the other day they said i need to get my credit score up 30-40 points.
Im paying 99.99 a month for a credit repair service called Continental Credit. but honestly I dont think they have done anything. Started it in Sept.
I’m not currently using a free credit score service. Any tips?
Some background info from last year –
My car finally died and I didnt think I would be able to get a loan. Mainly becaise I owned 2 homes. So my debt ratio was too high. The ihusband ignored all attempts to communicate with me.
However God provided a miracle and I was able to get a new car just in my name. During this ordeal I saw my credit score was 540. I. So embarrassed. But the finance guy said we until 2 yrs ago you had perfect credit.
He said there were a few things if I could get off my report, that my score would be better. He thought they were fairly easy fixes. I sold one home yesterday and will get some money from that and I will pay several credit cards off and close those accounts.
Im really embarrassed. Also last year when I filed my husband did everything he could to make me destitute. He even filed fraud on me for using credit cards that I was an authorized user on!
Hello everyone,
I contacted a credit repair company about fixing my credit just few days back and they helped.
I wanted a perfect credit score of around 800 and he helped me increase my credit score and also removed all negative items on my credit report.
They also paid of all my debtors and i was satisfied with their service.
(Editors Note: You can repair your own credit for free. This appear to be a cleverly disguised ad.)
There were many negative items attached to my credit report a few months back.I was helpless and not sure how to solve the problem. My credit score had dropped down to 400 and it was worrying me. A friend told me about a credit repair service, I contacted their support team and talked to support.
They told me how they worked and all,They helped me repair and rebuild my credit score and removed all the negative items.They restored my credit score or rating and I can’t thank them enough.
(Editors Note: You can repair your own credit for free. This appear to be a cleverly disguised ad.)
I have spent a lot of time online looking for a way i could get my credit score increased have tried a lot of sites online and none really worked out, a friend introduce me to this guy, he helped me clean my report and help me fix my credit score and the best i have seen at fixing credit score
(Editors Note: You can repair your own credit for free. This appear to be a cleverly disguised ad.)
sad moments gone,i was working myself out of debts,identity theft.i couldn’t catch up because of the slow process ,so that got me started working with a company repair a year ago.They took so many bills every month ending,all in the name of fixing my credit,without knowing the danger i have involve myself, my credit keeps diminishing gradually after they did a fraud on 5 of my credit cards which was closed by my bank.
reason behind my action was to get a home for my grand kids. my sons wife recently hired the service for her school project on software development which got her an A`s.I directed my mail to him with a subject with SAD MOMENT so that he will know how bad the situation was.bad eggs has corrupt good ones,i ended our conversation with a smile after 2 weeks with higher credit score of 760 i just requested for new credit cards and am in the process of home scouting after my mortgage approval.
Hi there most of these technqiues do work , but they take a long time 2 to 3 years to complete.I had a problem with my credit score after i faulted on my payment for about 4 months.I meet a guy in a tech summit and he helped me get my credit score to about 750 in 24 to 48 hours
I have a debt with a collection agency that the original bill was in 2014 but not registered with collections until 2017. I have considered paying it off but the interest is more than double the amount.I don’t know what to do,I want to buy a home but Equifax leaves me a score of 480 and TransUnion a score of 510. I explain this to one of the agent who understand FICO a lot and he confided to me that if I really want to remove every negative item on my credit report that I should contact this credit repair company who specialise on credit repair.