Monday, March 12, 2007

Credit Repair Secrets

velations of Credit Repair and Credit Secrets Exposed. Do
you know your FICO score? A poor FICO (credit) score could be
costing you money!

Even if you have a good credit rating, there could be information on your credit report that is incorrect or that even belongs to someone else! A good knowledge of credit repair methods is essential. You will find that knowledge here.

Did you know that according to the US Public Interest Research Group, there are
mistakes and false information on one in four credit reports?

This is costing you $$$!!!

In a survey carried out by the PIRG, one quarter of the credit reports ordered contained errors that would seriously affect the consumer`s ability to obtain credit and would probably be costing them money in interest on their mortgage. Errors such as accounts and late payments that did not belong to the person concerned!

Over half (54%) of the credit reports contained demographic information that was
incorrect due to misspellings, being out of date or belonging to a stranger!
Almost a quarter (22%) actually had the same loan or mortgage listed twice on the
same credit report!

Just over 7% had mistakes that would have had serious adverse effects on the
consumer's creditworthiness due to mortgage and loan information that was completely missing from the credit report!

Almost one third (30%) had the opposite of the above by containing information that shouldn't have been on the report such as credit accounts that had been closed by the consumer but were still shown on the report as being open!

The information on your credit report is stored as it comes. No checks are made to
verify any information reported to a credit agency. These agencies are simply record keepers. You must take steps to remove any false information on your credit report and repair your credit now!

Identity theft is now the fastest growing crime and you may have negative items on
your credit report due to ID theft without even knowing!

A thief can steal your personal information and use it together with a false identity to obtain credit cards, loans and make large purchases without your knowledge. In fact this could go undetected for months or even years before you discover that your credit score has dropped through the floor!

You may not find out until you get refused for credit so take action now, this is
costing you $$$!

Did you know that it is possible to remove negative items from your credit report even if they are true?

Visit and you will discover a little known trick to do this legally a little later in the rest of this article. I will also reveal to you what the credit agencies will never tell you!

If you need to repair your credit, or just want to learn about keeping good credit, is the place to go. There is a FREE report telling you little know secrets about repairing your credit. If you don't take action, it can cost you thousands of dollars.

Credit Cards with Rewards

Some credit cards offer more than just a low interest rate. That's right. Some credit cards offer great rewards just for using them. For example, lets take a look at Blue from American Express.

With American Express's Blue credit card, you earn one point for almost every dollar you charge with the card whether you are purchasing gas or having dinner with friends. Points can then be exchanged for entertainment, retail, and travel rewards.

Credit card companies also have speciality reward credit cards. These types of credit cards allow you to earn points or rewards when buying a specific item or category of items. For example, there are gas (earn rewards or points for gasoline purchases) and travel (earn rewards or points for hotel stays and plane flights) speciality reward credit cards. These two examples of speciality reward credit cards would be ideal for someone who does a lot of driving or traveling.

So, when looking for a credit card why not choose one that offers you rewards or points just for using it? If you are comparing credit cards with almost the same interest rate, choose the one that offers you points or rewards for what you purchase or for what you purchase most.