Category: Credit Rating

7 Tips for Self-Employed People

7 Tips for Self-Employed People

As the world moves into the digital age with connections being made extremely easy, more and more people are opting for self-employment.

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How Do Credit Checks Work?

Credit scores are very important now because they can decide whether you can get a loan or whether you can get hired. However, many people are not really informed on

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Credit risk management – Is it really a risk?

For any firm to run a successful credit risk management, it needs a structure to perform under and to provide better information to their customers. The customer, in these cases, is the biggest objective for the company.

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Does foreclosure affect your credit?

Millions of people across the globe are dealing with foreclosure, many more are facing possible foreclosure proceedings and this is going to affect their credit score – and perhaps their marriages as well. Foreclosure does not only leave one shelter less, it also disrupts ones life – and all by messing up ones credit score.

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The importance of avoiding late repayment of credit card bills

Credit cards are a great way of managing finances. They offer instant loans with a low fee i.e. you just have to pay the 2.5 percent of the bill amount when you charge the card and then enjoy an interest free period of 51 days to repay the debt before the card company begins to charge an interest.

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Effectively repair your credit history

If you are in debt and unable to honour your financial commitments such as your mortgage or card bills, sometimes even your rent and utility bills, you have developed bad credit history. Each missed, or even late payment, is reported promptly to the credit bureaus who maintain your credit history and gleefully display it to anyone who looks it up when you approach them for a loan.

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What are the advantages of maintaining a clean credit report?

Are you all confused when it comes to making a proper investment? There are some people who often can’t take instant decisions while investing their money. Moreover, along with the investment, it is essential for every business firm or a company to maintain and update a clean credit report so as to avert future worries.

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Reasons people have bad credit

Having a good credit history can only be a boon. First of all, you will not have creditors knocking down your front door at odd hours of the day and night. Secondly, you will have easy access to cheap loans if and when you need them. And thirdly, both the above mentioned points offer you immense peace of mind.

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How To Find Your Credit Rating In Australia

In Australia or in any other country the importance of credit rating cannot be ignored. Banks and other lenders are wary of customers that may default on loans that they offer. This is the reason that the first impression that the bank will have about you before giving you a loan or any other financing is through your credit rating. The method of recording and calculating your credit history in Australia is somewhat same to that used in the United States and Canada. Weaker rating will not get you loans and other financial facilities easily. In Australia it is very easy to get your crediting rating information and this article will enlighten you with the steps and tips that you may find useful in getting them.

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