Corporate credit rating

A corporate credit rating is an indication of the ability and willingness of a company to repay its debts. Companies and corporations are assigned a credit rating based on a variety of factors.  Ratings range from AAA to C or D, according to the rating agency. An AAA credit rating shows that the company has the highest possible credit rating and is a low risk investment. Companies make an attempt to get AAA ratings by reducing their debt and working to improve their overall operation. A low C or D rating may indicate that the company has defaulted and is unable to repay loans.

 

Get help to fix credit

Though most organizations consider the credit score to be an indicator of the financial health of the individual, a person can have a bad credit score due to factors beyond his or her control like poor health or incorrect reporting by any of the credit reporting agencies. This can adversely affect the ability of the person to get a credit card or loan.

However, it is now possible to fix credit and improve your credit score by using the provisions of the Fair Credit Reporting Act. There are many specialized firms which offer credit repair services. They write to the relevant credit reporting agencies and ask them to remove any negative item in a credit report which cannot be supported by adequate proof.

Two credit repair programs are available  – Essentials program with a professional case adviser, unlimited disputes to credit bureaus, online dispute strategy management and the Essentials plus program includes custom validation letters to creditors and a letter of recommendation.

Increase of credit limit on credit card

At times, the limit on the credit card is not adequate and gets exhausted before the month end. You can get the credit card limit increased or use another credit card for making purchases for the rest of the month.

If a credit card holder wants the credit card limit increased, he or she will be asked by the bank to fill  up a form requesting a limit increase and also provide additional documents like recent payslips and bank statement. If you have a good repayment history on your credit card, your application for an increased limit will be approved.

The credit card issuer will check your credit records before approving your application. However,  this enquiry will not usually show on your credit file as your bank is an existing creditor.
You authorize them when you open the account, so they cannot penalize you because an existing  creditor wants to make some inquiries each time.

Credit repair services

Though most financial institutions consider the credit score to be an indicator of the financial health of the individual, a person can have a bad credit score due to factors beyond his or her control like poor health or incorrect reporting by any of the credit reporting agencies. This can adversely affect the ability of the person to get a credit card or loan.

However, it is now possible to fix credit and improve your credit score by using the provisions of the Fair Credit Reporting Act. There are many firms which offer credit repair services. They basically write to the credit reporting agencies and ask them to remove any negative item in a credit report which cannot be supported by adequate proof.

Ovation Credit Repair offers two credit repair programs – Essentials program with a professional case adviser, unlimited disputes to credit bureaus, online dispute strategy management. Additionally, the Essentials plus program includes custom validation letters to creditors and a letter of recommendation.

Credit score and history

Credit history is major factor in many life decisions, and knowing your credit score is important when planning for the future. Visit freecredittrio.com to receive your free credit score from all three major credit bureaus just for trying our credit monitoring service free for 7 days. Prepare yourself with the info you need to buy or rent a home, get a loan or get a job.

Loans for students

Student loans are a significant liability for students with a middle class background graduating for college as college fees and living expenses are substantial. If there is a  delay in repayment of the student loan or missing even a single installment due to unavoidable circumstances, it can affect the credit report of the individual and career prospects as many employers consider the credit score as an indication of the fiscal responsibility. By comparing the features of the various student loans, the student can minimise any future problems.

Though some students may qualify for financial aid from the government, these are limited in number and are available to those with an excellent academic record. Though more expensive, College loans from private lenders are available for students at different stages of their career or their guardians.

However private student loans offer more flexibility and can be used to cover tuition, fees and living expenses. These are unsecured loans, and supplement the funds the student and his or her family may have raised using other methods like their savings, part time jobs and financial assistance from other sources.

Improve your credit score

There are many instances when an individual’s credit history  may be damaged for no fault of his. The negative report could be due to an illness or accident. At times a clerical error may occur at the credit reporting agency. A person with poor credit finds it difficult to get loans, may have to pay a higher interest rate and could also affect their ability to find a suitable job.

Today credit repair is feasible by referencing the Fair Credit Reporting Act and improving your credit score. The procedures to be followed to repair credit can take time. However, there are several specialized agencies which can improve your credit score for a fee, which is a fraction of the amount you will save in the long term.

The method used to fix credit by credit reporting agencies is to first procure credit reports and for each negative item in the credit report, the credit reporting agency is asked to furnish supporting evidence . If the credit reporting agency cannot provide any supporting evidence, the negative item has to be  removed from the credit history. This results in the improvement of the credit score of the person over a period of time.

How credit repair helps

Often the credit history of an individual may be damaged for no fault of his. It could be due to an unavoidable illness or accident. Some times there may a clerical or data processing error at the credit reporting agency. Not only does the affected person have to pay a higher interest rate, it could also affect his or her chances of getting a job.

However, credit repair is possible using the provisions of the Fair Credit Reporting Act to improve your credit score. Though the process is time consuming and cumbersome, there are several specialized agencies which can repair bad credit for a fee, which is nominal compared to amount saved in the long term.

The technique used by credit reporting agencies for fixing bad credit is similar , for each negative item in the credit report, the credit reporting agency is asked to furnish proof. If no supporting evidence is provided by the reporting agency, the negative item is removed, improving the credit score of the individual over a period of time.

Credit card reviews

Credit cards are very convenient for making payments both online and offline. Your credit score is a widely used criteria of your financial status. The way you use  your credit card determines your credit score to a large extent. A wide variety of credit cards are available from a large number of companies and it is important to review all the credit card features before taking a decision.

In the the current economic conditions by selecting the right credit card, you can save a substantial amount every month and also receive free bonuses. If you do not use credit cards often, you should check the various no annual fee credit cards from the various credit issuers like Discover, American Express and Visa.

If you are paying a significant amount monthly as credit card fees, you should consider transferring the balance on the credit card to another credit card which offers a 0% Intro APR. However, it is important to compare the offers for Balance Transfer Credit cards and check the duration for which the 0% Intro APR is offered, the annual fees and cashback offers if any.

Improve your credit score

One of the most widely used measures of the finances of any adult individual is his or her credit score, which can determine the eligibility for loans, interest rate and even jobs.  However, often the credit score is lower than what it should be due to inaccurate reporting or errors. It is possible for an individual to repair credit , but the process is very cumbersome and time consuming.

To alleviate this problem, individuals seeking to improve their credit score can use the credit repair services provided by companies like DSI solutions. The credit repair service will first examine the credit reports at all the major credit report bureaus – Transunion, Experian, Equifax and then work to remove the negative items which lower the credit score.

By removing even a single negative item from the credit report, an individual could save thousands of dollars. To fix credit, a user has to pay a one time setup fee of $19 and the balance in three installments of $89 each. They guarantee results within sixty days, and if there is no improvement, a customer can get his or her money back, with an additional compensation of $50 .