The term credit can mean many things. For most people, it is the ability to borrow today and pay later. The idea of “credit-worthiness” defines our personal finances, and reaches out to all parts of our financial lives. Credit can be an accounting term. You can talk about credit cards, your credit history, your credit score, or the three credits you got in college for taking Bowling. This page is the credit nerve center of ThinkGlink.com. From this page you can learn more about what credit means and how having good, bad, or mediocre credit affects your personal finances.
Understanding Home Lenders Debt To Income Ratios
When creating a budget it is important to understand what percentage of your income should be going to you housing costs. The 28/36 debt to income ratio is commonly used by home lenders. Lenders will allow you to spend up to 28 percent of your gross monthly income on your mortgage, real estate taxes, and homeowners' insurance premium. The 36 number refers to total debt.
Buying A Home After Bankruptcy
A "no doc" loan simply means that the lender doesn't require documents from you to verify certain information, like your income, place of employment, or other information that you've put on your application. No doc loans are legitimate loans, offered by some of the biggest lenders around. Typically you'll pay a quarter of a point more in interest rate for a "no doc" loan.
Managing Financial Priorities While In Debt
What is the best day to pay off debt while managing financial priorities? A good start to paying down your debt is getting on an interest-free payment plan while keeping track of every expenditure. The key thing about paying down debt is making sure you keep your credit score as high as possible.
Credit Cards: Rising Gas Prices Can Affect Credit History
Small things like the rising costs of gas prices can affect a consumer's credit history if they start missing credit card payments. Rising gas prices may force consumers to make only the minimum payments on their credit cards or miss them altogether, which will negatively affect their credit history. Even one late payment can affect a consumer's credit score so if you have to pay cash at the pump, do so, instead of using your credit card.
How Can I Keep My Information Safe When Paying Bills Online?
Technology has made bill-paying faster and more convenient than ever. But it's important to make sure your information is kept secure when paying bills online.
Finding A Low Rate To Reduce Credit Card Debt
Lowering credit card debt is a noble objective for all of us. Maybe you need to switch credit cards? Finding a new credit card is a good move if your old credit card has high interest rates and stiff fines. Here's how to find a good credit card and what to watch out for.
Credit Freeze May Help Identity Theft
A security freeze, also known as a credit freeze, bars a credit reporting bureau from changing any of the information in an identity theft victim's credit report without permission. It's new and it may be key to stopping identity theft in its tracks.
10 Tips To Reduce Risk Of Identity Theft
When it comes to identity theft, an ounce of prevention is worth a pound of cure. Wondering how to prevent identity theft? We show you how to keep your name off the long and ever-growing list of identity theft victims.
Credit Fraud Scams: Protecting Your Social Security Number From Identity Theft
Consumers should protect themselves and their social security numbers from identity theft and credit fraud scams. Identity theft and credit fraud scams come in several different forms including emails. Consumers whose social security numbers or other personal information become subject to identity theft and credit fraud scams should immediately contact pull a copy of your credit history and request fraud alert be put on your accounts.
Credit Card Theft And Identity Fraud
Credit card companies are banking on new technology to stem the tide of identity theft. Ilyce Glink discusses the latest technology ideas for preventing identity theft and credit card fraud, as well as a few tips to protect yourself against identity theft.