Why You Need All Three Credit Scores

Why You Need All Three Credit Scores

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Why You Need All Three Credit Scores

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Posted: Jun 08, 2010 |Comments: 0

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Why You Need All Three Credit Scores

By: FreeScore.com

About the Author

FreeScore.com is a destination site for an increasingly credit-conscious public. The site offers immediate access to credit scores, reports and monitoring as well as educational information and tips on how to safeguard one’s credit and identity.

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Article Source: http://www.articlesbase.com/ – Why You Need All Three Credit Scores

“Why do I need to know all three credit scores?” is a valid question. The answer provides even more information that you’ll want to know, since it holds the key to understanding many different facets of managing credit. In addition, with credit scores having an influence on your potential employment, the interest you pay on loans, and many other important factors, here are some very good reasons why you need to know all three credit scores:

It’s up to you to manage your credit.
There are companies that will help you monitor your credit scores and reports, but managing your credit is your job, and no one else can do this for you. Your name is at the top of each report; therefore, you’re the one who will reap the benefits of good credit scores or suffer the consequences of poor ones.
Mistakes on credit reports can negatively affect credit scores.
Mistakes on credit reports that negatively affect credit scores are more common than you think! With so many machines transferring financial information back and forth each day, it’s almost inevitable that most people will have a mistake appear on their reports at some point.
Your credit scores can affect your employment opportunities.
Many employers will check out an applicant’s credit scores to get an idea of how responsible the applicant is. Potential employees with good credit represent a better risk for investing the necessary time and money in regard to training, responsibilities, cash handling, etc.
Credit reporting agencies are competing against each other.
You may not know this, but each of the credit reporting agencies are competitors that don’t share information with each other. Therefore, credit information that could potentially improve your credit scores may or may not appear on your credit report.
Checking your credit scores can help you uncover an identity theft incident.
Lenders don’t report credit information to all three credit reporting agencies, so if you’re a victim of identity theft, you may not be able to see it by only seeing one of your credit scores. Credit scores always vary somewhat, but if one of your credit scores is much lower than the other two scores, you’ll want to look deeper to see if there are problems that need to be addressed through the credit bureau that gave you the low score.

You need to know all three credit scores for the reasons listed above and many more. Besides, since these credit scores are so important to your finances, don’t you want to know all three credit scores? Of course you do. There are a few different ways to get your credit scores. You can apply to TransUnion, Equifax, and Experian individually for your scores, or you can sign up with a professional credit-monitoring agency that will get the credit scores for you and provide several analytical tools and other features to help you manage your credit. Either way, you definitely want to see all three credit scores on a regular basis to stay on top of your credit.

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Source: http://www.articlesbase.com/credit-articles/why-you-need-all-three-credit-scores-2579197.html

Article Tags:
credit scores, three credit scores

Need A Student Loan? Three Kinds Of Student Loan For You

Need A Student Loan? Three Kinds Of Student Loan For You

Students and parents who must deal with the high cost of a college education have available to them a wide range of student loans. This article offers details on three general types of student loans.

Federal Stafford Loans

Unlike other student loans, application for a specific Stafford Loan should be preceded by the filing of a Free Application for Federal Student Aid (FAFSA). The FAFSA application should be made in the name of the aspiring student.

The process of applying for a Stafford Loan differs in a second way from the application process for other student loans – and application for a Stafford Loan does not require a credit check.

There is no uniform method for the delivery of money from a Stafford Loan. Some students get the money directly from their school; other Loan recipients get the money from a bank or other lender.

Signature Student Loans

In order to get a Signature Loan, a student must attend a four year or two year school on at least a half time basis. That student must also meet certain credit criteria. Like some other student loans, application for the Signature Loan permits the use of a co-signer.

In fact, there is a real advantage to applying for a Signature Loan with a co-signer. That process can lead to a reduction in the interest on the loan. And, if after graduation, the student then makes 24 successive payments, the co-signer is removed from responsibility for covering the loan expenses.

If a students plans to go to a community college, then he or she ought to consider getting a Signature Loan. Unlike other student loans, the Signature Loan rewards student applicants who have a good credit rating. Those applicants can get a lower interest rate or a lower application fee.

Tuition Answer Loans

While the student loans discussed so far have all been Federal Loans, the Tuition Answer Loans involve the loaning of private money. Money from Tuition Answer Loans normally goes to credit-worthy parents or students. The providers of Tuition Answer Loans do not feel that every student at a U.S. college is entitled to such a loan.

So, in order to get a Tuition Answer Loan, both the borrower and the student must have a Social Security number. Both the borrower and the student must be U.S. citizens, or be permanent residents. And finally, both the borrower and the student must have good credit.

Other Private Loans

A student planning to pursue a particular career should study the Career Training Loans. Like the student loans discussed in the above section, Career Training Loans are private and credit-based loans.

They allow a student to get money for either classes at a trade school, or classes taken online. The school attended by the student must, however, have a license from the state in which it operates.

Students who want to go after training in cosmetology or massage therapy do not have to forgo the chance to get a student loan. For them Career Training Loans are perfect. Those loans can also help a student who wants to become an MRI technician.

They are the sort of student loans that are ideal for anyone who wants to study on the job.

(c) 2007 Best Student Loan Guide. Products, services and step-by-step guidance to help you make the best decisions you can. Checkout Martin Haworth’s website for all you need at http://www.Best-Student-Loan-Guide.com

Mortgage Marketing Ideas – Three Steps to a Winning Marketing Campaign

The best mortgage marketing campaign needn’t be complex or costly. You can implement effective mortgage marketing ideas easily – especially when you remember the three golden rules of marketing.

View full post on Jeffrey Nelson – EzineArticles Expert

Posted by Editor on Friday, January 8, 2010 at 9:51 am
Filed under Ideas · Tagged with Campaign, Ideas, Marketing, mortgage, Steps, Three, winning

Mortgage Marketing for the Masses – Three Tips Every Loan Officers Should Know

One of the biggest mistakes you can make in terms of marketing your services is being too vague about what you can do for them. While you should briefly mention your skills and your experience, keep it focused on them. Chances are, there is a demographic that you want to work with, whether that is people who are older than 45 who want to buy their second home, or younger adults who are looking for a way to go back to school.

View full post on Jeffrey Nelson – EzineArticles Expert

Posted by Editor on Wednesday, January 6, 2010 at 9:50 am
Filed under Ideas · Tagged with Every, know, Loan, Marketing, Masses, mortgage, Officers, should, Three, Tips

Three Loan Officer Marketing Tips You Can Take to the Bank

Are you ready to stop making unsuccessful cold-calls and start getting more referrals from realtors who want to work with you? These 3 tips are sure to put you on an agent’s radar and help you enjoy more business faster than you think.

View full post on Jeffrey Nelson – EzineArticles Expert

Posted by Editor on Saturday, January 2, 2010 at 9:50 am
Filed under Ideas · Tagged with bank, Loan, Marketing, officer, take, Three, Tips

Mortgage Leads, Three Things you Need to Consider

The time comes for all mortgage brokers and loan officers to consider taking some of their hard earned money and spending it on mortgage leads.

After all, mortgage leads are the name of the game, no matter where they come from.

If the time is right for you, it is important to do your homework. Remember, you are testing the waters, not diving right in. Look into as many mortgage lead companies as you can before you decide which one is best for you.

Just as important is the mortgage lead itself, while doing your research, consider these three things about the type of mortgage lead you will be purchasing.

Where did the mortgage lead come from?

Speak with a sales representative from the mortgage lead company to determine where the mortgage leads are being generated from. Mortgage lead companies use different methods for obtaining their mortgage leads. Some of the more common ways mortgage lead companies generate mortgage leads is through e-mail campaigns, advertisements on search engines, directing potential customers to web sites that they own, and purchasing mortgage leads in bulk from other companies.

Is the mortgage lead fresh or recycled?

Some mortgage lead companies sell their mortgage leads in what they call “real time,” which means the mortgage leads are fresh, usually no more than a few hours to a day old.

A recycled mortgage lead, is a mortgage lead that a mortgage lead company will sell multiple times, or they are buying their mortgage leads in bulk at a cheap price and reselling them for a profit to loan officers.

Not to say one is better than the other, the reason being, the difference in pricing.

A fresh mortgage lead will undoubtedly cost more than a recycled mortgage lead. It all depends on what you are looking for, quality or quantity.

If the mortgage lead is bad, will you get your money back?

Make sure you are 100% confident that the mortgage lead company you are dealing with has a fair and reasonable return policy. Most mortgage lead companies have software in place, or verify the mortgage lead before they sell it to weed out what they consider to be fake, or bogus leads. But even with these barriers in place, it is not unusual for one to slip through the cracks. If you receive a bogus mortgage lead, there is no reason why you shouldn’t get your money back.

Jay Conners has more than seventeen years of experience in the banking and Mortgage Industry. He is the owner of http://www.jconners.com, a mortgage marketing and resource site for loan officers. He is also the owner of http://www.callprospect.com, a mortgage lead company, specializing in real time mortgage leads.

Posted by Editor on Thursday, December 24, 2009 at 6:01 am
Filed under Leads · Tagged with Consider, Leads, mortgage, Need, Things, Three

Why You Need All Three Credit Scores

Need A Student Loan? Three Kinds Of Student Loan For You

Mortgage Marketing Ideas – Three Steps to a Winning Marketing Campaign

Mortgage Marketing for the Masses – Three Tips Every Loan Officers Should Know

Three Loan Officer Marketing Tips You Can Take to the Bank

Mortgage Leads, Three Things you Need to Consider

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