Cómo detectar y evitar las estafas más comunes en la reparación de crédito
Release Date: 11/25/2024
Diferencia entre tarjetas de cargo y tarjetas de crédito
The Credit Pros Podcast
Las tarjetas de crédito ofrecen un saldo renovable con intereses por saldo no pagado, mientras que las tarjetas de cargo deben pagarse en su totalidad mensualmente sin intereses. Las tarjetas aseguradas requieren un depósito de garantía, a diferencia de las no aseguradas. Las tarjetas de cargo suelen ser para usuarios solventes o empresas y pueden tener grandes límites de gasto.
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Credit Cards 101: Part 2 - Debt Payoff Strategies
The Credit Pros Podcast
Credit card debt can damage credit scores, even with on-time payments. Paying off debt in one go is often unrealistic, but strategies like balance transfers, consolidation loans, and the 'Totem Pole' method can help manage and reduce debt, potentially boosting credit scores.
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How You Are Hurting Your Credit Score
The Credit Pros Podcast
Your credit score may suffer due to unreviewed credit reports, forgotten accounts like utilities, unused credit cards with undetected fraud, high credit utilization ratio, or avoiding credit use altogether. Regularly checking your credit report, closing old accounts, monitoring all card statements, managing credit balances, and responsibly using credit can prevent these issues and help build your credit history.
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How To Get A Loan With No Credit? Best Guide In 2023
The Credit Pros Podcast
Getting a loan with no credit is possible, but may involve higher interest rates or the need for collateral. Options include online lenders, credit unions, paycheck advances, cosigners, personal loans for no credit, collateral loans, credit builder loans, or borrowing from family and friends. It's essential to understand why you might have no credit, analyze your options carefully, pay off the loan promptly, consider alternatives, and work on building credit.
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What Does Coronavirus Crisis Mean For Your Finances? - The Credit Pros
The Credit Pros Podcast
The coronavirus crisis affects finances by disrupting the stock market, interest rates, employment, and credit accessibility. The Credit Pros advise not to panic and to logically assess the situation, noting that market volatility doesn't directly translate to personal financial impact. It's crucial to contact lenders if payment issues arise due to the crisis to protect credit scores. The article also emphasizes the importance of staying safe by working from home, minimizing contact, and maintaining hygiene to slow the virus spread.
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Denying Loan For 850 Credit Score-What To Do- Thecreditpros
The Credit Pros Podcast
Despite having an 850 credit score, loans can be denied for reasons such as insufficient income, high debt-to-income ratio, unstable employment history, lack of savings, and past late payments. After rejection, one can find another creditor, get a co-signer, recover financially, or review and dispute credit report errors. A reconsideration request can be made if an error was found in the application. It's important to avoid financial changes while a loan application is pending.
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Why You Can’t Get A High Limit Credit Card - The Credit Pros
The Credit Pros Podcast
High-limit credit cards are determined by proprietary statistical models considering income, net worth, debt, credit history, and credit score. Low limits may be due to insufficient income/net worth, high debt, poor credit score, lack of credit history, or adverse economic conditions. To potentially increase a limit, improve credit profile or start with a secured card and use it responsibly.
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¿Qué significa la crisis del coronavirus para sus finanzas? - Los profesionales del crédito
The Credit Pros Podcast
La crisis del coronavirus ha impactado significativamente en la economía, afectando la bolsa de valores, el empleo y la vida diaria. Es esencial mantener la calma y evaluar la situación de manera racional. Proteger su puntaje crediticio durante la pandemia implica comunicarse con prestamistas si se ve afectada su capacidad de pago. Los bancos pueden ofrecer medidas para aliviar la situación crediticia. Se recomienda trabajar desde casa, minimizar el contacto social y mantener medidas de higiene para controlar la propagación del virus.
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Simple Yet Best Guide To FICO Score Vs. Credit Score In 2023
The Credit Pros Podcast
A FICO score is a specific type of credit score created by the Fair Isaac Corporation, used by lenders to gauge creditworthiness. All FICO scores are credit scores, but not all credit scores are FICO scores. FICO scores range from 300 to 850, with different versions like FICO 8 being the most common. VantageScore is another type of credit score gaining popularity. FICO scores are calculated based on payment history, credit utilization, credit age, credit mix, and inquiries. Regularly checking your credit score is crucial to maintain good credit health.
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Rebuilding Credit After Divorce - Effective Ways
The Credit Pros Podcast
Divorce can severely impact your credit due to joint accounts, increased expenses, and potential identity theft. Protecting your credit involves separating joint debts by selling assets, refinancing, or paying off the debt yourself. Rebuilding credit after divorce includes checking your credit reports, disputing errors, and establishing individual credit to recover financial health.
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