4 Steps to Creating Good Credit

By James H. Dimmitt

As a consumer you've learned the importance of establishing a good credit rating with your lenders. Whether you are shopping for a new home or auto, or searching for the best deals on insurance, your credit worthiness will be judged by your credit rating or credit score.

A bad credit history or bad credit habits will place "black marks" on your credit profile. These include things such as late payments, having an account assigned to a collection agency, and of course bankruptcy.

Establishing good credit habits and therefore a good credit rating will improve your credit worthiness. This will be reflected in potential lenders offering you substantially lower interest rates and better deals on credit offers.

Here are 4 tips to help you create a shining credit profile:

1) Pay Your Bills On Time

Lenders only have your past payment history on which to decide the type of credit risk you present to them. How you pay off your debts now indicates to them how you will pay off future debts.

2) Don't Use Too Many or Too Few Credit Cards

How much is too much ? How little is too little ? Many credit experts and financial planners suggest two to four credit cards is just the right mix.

3) Pay At Least The Minimum Due

Always pay at least the minimum due payment, but never less. And remember, just paying the minimum payment means it will take you years and years to pay off that credit card.

Example: Paying off a $2,000 credit payment at 18% APR with a minimum monthly payment of 2% ($40 dollars or less) will take you 30 years to pay off the amount plus interest.

4) Review Your Credit Report Regularly

Monitor your credit report from all three major credit bureaus - Experian, TransUnion, and Equifax - on a regular basis. Check your credit profile at least annually. Review it carefully and make sure that any past mistakes or disputes have been corrected.

Also, if you notice an account listed that you know that you have not personally opened, contact that creditor and the credit bureaus immediately. This could be a sign that you've had your identity stolen. Request to have a fraud alert placed on your profile and account to protect yourself and your credit. Identity theft is the fastest growing consumer crime in America, with an estimated 1 million people victimized each year.

Establish good credit habits early in life and reap the benefits that your good credit rating will provide you for the rest of your financial future. - 31382

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Hit a Homerun with Yankees Checks

By Alan Plastin

Do you love the New York Yankees? Are you tired of boring checks? How about making your checks more interesting with Yankee checks?

Based in the Bronx in New York City, the New York Yankees were founded in 1901. However, they didn't acquire their present day name until 1913.

The Yankees play their home game in Yankee Stadium which is almost one of the most famous sports areas in the country. In 2009 they got a new stadium, but it is also called Yankee Stadium.

Many of the most celebrated players in the sport of baseball, as well as in sports history in general, have derived from the New York Yankees. Babe Ruth, Mickey Mantle, Jo DiMaggio, Lou Gherig, and Yogi Berra all played for the Yankees at one time.

The Yankees have won an important 26 World Series in 39 appearances. They have also played in the World Series against every National League pennant winner except the Houston Astros and the Colorado Rockies, something that no other team is even close to equaling. Through 2008, the Yankees have an all-time regular season winning percentage of the best of any team in the sport.

Some of the most loyal fans in baseball are Yankee fans. The first one-million fan season was in 1920, when 1,289,422 fans were present at Yankee games at the Polo Grounds. In 1946, 2,265,512 fans went to games at Yankee Stadium. In the past seven years, the Yankees have pulled in over 3 million fans every year, with a record-setting 4,090,696 in 2005, making it become only the 3rd franchise in sports history to draw in over 4 million people in regular season turnout to their own stadium.

However, you don't have to go all the way to New York to show your team spirit. By purchasing the checks, you can show off your team loyalty every time you write a check.

The New York Yankees check design contains the official Yankees insignia in the middle of the check. The check background shows a depiction of a baseball diamond with the certified gray and blue colors signified.

If you would like a checkbook cover, there are several designs available as well. One popular design is black leather with the official NY embossed on the front.

I was sometimes costly to order checks in the past that weren't plain but now it doesn't have to be. It you order from a protected website you can save up to 50% off of what your bank might have cost you.

By ordering online, too you can have a lot of choices to choose from, too, which was always a problem in the past when you ordered at the bank.

Today, when you get your checks online, you only have to wait about 5 days to get them. That's fast than the 2 weeks your bank might have taken in the past. - 31382

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All About Buying Exchange Trade Notes

By Dallin Alexander

Exchange Traded Notes are the latest financial product to hit the street, and they are quite different from Exchanges Traded Funds. They may have a similar name, but ETNs are more risky than ETFs.

An unsecured promissory obligation issued by a company is a bond, and you buy a bond making a bet that the company will pay the interest that it promises during the life of the bond. Exchange Traded Notes are unsecured promissory obligations that are issued by financial institutions, and rather than offering a fixed rate of interest they are offering you a return that is linked to an index. In return for taking on the credit risk you track an index with zero tracking error.

ETNs can track absolutely any index at all so they offer a far greater diversity than ETFS. Exchange Traded Notes have a fixed maturity date, and they can also be traded throughout the day just like Exchange Traded Funds.

Although ETNs do not have a tracking error they still trade at premiums and discounts to their indicative Net Asset Value (NAV). Where there is a steep discount you can take this as an indication that the market is concerned about the company's credit worthiness. However, with that said it is worth noting that the Lehman ETNs tracked their index with barely any discount right up to default.

The unique structure of the ETN allows providers to replicate a wide range of asset-allocation strategies across commodities, foreign markets, and currencies. This means that individual investors can enjoy the benefits of accessing markets that before the advent of ETNs were only open to rich clients.

In terms of regulation you should note that ETFs are subject to the Investment Company Act of 1940, whereas ETNs fall under the Securities Act of 1933. There are two main differences that result from this, one is that the ETN can offer access to more exotic assets, and the second is that an investor in an ETN does not have any claim to the assets that constitute the index, whereas the investor in the ETF does.

Holding ETNs for more means that any profit will be treated as long term capital gains, but if you sell them in under a year then any gains will be taxed as ordinary income. - 31382

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Auto Loans

By Gilbert Lois

If you are part of a credit union, you'll be able to choose larger vehicle loans with lower vehicle loan rates. You should check your union and compare the auto rates with your local bank to find out which one is better. The other place, auto dealers, can offer you automobile loans with a slightly higher loan rate but are a lot safer. When I say safer I'm saying the entire loan process faster and approval rates are much higher.

Thinking of applying for a fixed vehicle loan or car loan? You need to start asking for for your credit report as soon as possible. All creditors, commercial banks, finance companies and even novel loan sources where you sign up for a fixed vehicle loan will certainly look for your credit report. Even if you're a possibly good fixed vehicle loan mortgagee who pays his bills on time, you should make sure that all the information in your credit history is recent and accurate.

If you'd like your fixed auto loan to be authorized at once, make sure that your credit file does not contain screw-ups. Such mistakes could have an affect on your credit status and could presumably result to the disapproval of your fixed automobile loan application. This is the reason why making a review of your credit score before even signing up for a fixed car loan will save you time and money.

When making an application for a fixed auto loan, your bank may use a different standard in rating your credit merit from other banks. Because of this, you should read your own credit history and try and know how your credit file may be interpreted. This could give you a chance to improve your credit merit from the lender's viewpoint, therefore, improve your chances of having your fixed auto loan approved.

The term car loan refinancing is connected with paying low IR. Auto loan refinancing is availed when the borrower finds that he's paying comparatively high rates. And, sometimes, it is seen that due to high rates, borrower faces many hurdles in making opportune payments. This as a consequence, the borrower is tagged with poor credit ; so, it is better to avoid such situation by availing auto loan refinancing.

In car loan refinancing, the lender pays off the outstanding installment of prior auto loan and in return the borrower is given with new automobile loan with low interest rate. This complete process is called as auto loan refinancing. Thus, it is perceived as the means of shifting from high interest rate to low rate. - 31382

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Steps To Lower The Interest Paid On Your Mortgage

By Graham McKenzie

If you are trying to cut down your rate of interest on your mortgage, know that your bank considers several factors. They try to get an assurance from you that you will be making the payments in time, and that they will benefit from you. One of the good things to do is get your mortgage refinanced; in case you succeed in getting dropped rates to have your home loan get paid off swiftly as you?d now have a comparatively lower total bill amount. Here are some tips that will assist you in lowering your mortgage?s rate of interest.

You must first try to obtain a nice credit score. The credit score is decided on the basis of your payment record with companies, which give an account of payments. Some companies only report delayed payments, therefore it can be hard to put up your credit score. It is advised that you get a small new credit card and do before time payments on it monthly. However remember to just utilize a small portion of the money accessible on the card, so you that you don?t get into further debt. If your bank identifies this history as a good credit score then you can benefit by getting your rates lowered.

Your earning is also crucial. If you are able to provide your income proof along with the proof of your savings, if any, it will help you seem less of a liability to the bank. But it is also important that you are earn a regular income and it must be sufficient enough to make your monthly bills.

Sometimes having debt can help you in getting lower interest rates. There are some banks who like to see you in debts because this gives them the assurance that you are competent in handling it. If you have applied for a loan for the first time then they may not want to offer you the best deal. Obviously, this debt should have a good ratio to your earnings. A lot of debt on you signifies that you can?t pay for the monthly bills.

You can buy things known as ?points? from the bank, which provides lower rate of interest to you. You may have to beg a lot for this, but at the end this helps you in saving much money. Each time you purchase a point, the bank takes all the money and forever. Therefore, it is a good idea only if you can spare some money.

After you have persuaded your bank to refinance, you must try to get the suitable deal for you. You can choose from a wide variety of loans, the best deal would be the one with lowest rate of interest and a short time period. The fixed rate mortgages generally have similar rate of interest in the end; but the flexible rate mortgages vary with along with the economy. It is advised that you get a flexible rate of interest only if you know for sure that the rates will remain low a period of time. You may also get a cap for your flexible interest plan that will keep the interest rate at a number it cannot go above but can go below it.

At times, getting a lower rate of interest is concerned with knowing when to look around. If you are sure that your finance company will allow you to refinance, then wait for the interest rates to fall and then strike a deal. Always ensure that your new plan of payment plan is best suited for you, and that you don?t have to pay more than what you can afford, or higher than the total worth of the property. - 31382

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Mortgage Application Tips

By Graham McKenzie

Are you anxious about your mortgage request getting rejected? There are various precautions you can take to make sure that your loan application gets accepted, most of them just need good research and some time.

The first step to getting an approved mortgage application is to check your credit score. Although checking your score often can actually make it worse, it's important to know what it is and if there are any problems that need to be fixed. Having a good credit score makes it much more likely that you won't be denied.

Secondly, you must get all your important papers ready. A finance application requires you to submit several kinds of documents, and it is probable that you will need some time to put them together. Ensure that you have appropriate bank statements, proof of tax returns, income proof, and investment details before starting with the paperwork. In case you are self-employed then the procedure would be tougher. You will have to show past records of tax returns to provide evidence that you really do have a job. You are officially understood to be self-employed if you are remunerated by commissions, work from home, or are owner of 25% of business.

Among the frequent mistakes that people commit when applying for finance is that they request for a huge amount. Even though applying for a certain amount doesn't take much, but if your financer feels that you may not be able to pay back then your loan application may be rejected. Do some research and get pre-approved for a mortgage so that you know accurately how much the bank can offer you. You can also let the bank decide the amount.

Communication is very important while filing an application for mortgage and getting your desired result. Many people are involved in the mortgage process. This includes your real estate broker, agent, bank, lawyer, and the inspectors. You must ensure that all they are in your contact to ensure the smooth process of your application. If you fail in doing this then your application may get rejected and you may have to apply all over again.

You must have a good idea of what you are getting involved in before applying for a mortgage. You must get all information regarding your type of mortgage, rate of interest, and deposit amount. The purpose is to obtain a suitable insurance plans so that you needn't refinance loan in future. Choose your agent carefully, as there are many who just want to get commission and don't bother about getting the best deal for you.

After you explore all possibilities and find out all about the different mortgage deals, you can now choose which one suits your properly. You needn't worry much about your mortgage application provided that you take the right way of getting your finances and credit prepared. You will be able to get your loan financed very soon, and you may move into the home of your dreams and enjoy the benefits of your low mortgage monthly bills. - 31382

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Carry Your Heritage with You with Native American Bank Checks

By Alan Plastin

Are you proud of the Native American traditions that your family still carries out? Or are you just enthralled by the legends of the Old West? If you are then you might want to consider buying Native American personal bank checks. Regardless as to whether or not you want to show the world how proud you are of your heritage, or you merely find style and magnificence in the history of the American Indian, you will be sure to find an assortment of check series to pick from.

There are many different tribes of Native Americans, but one thing they all have in common is that they represent a way of life that, unfortunately, no longer exists. The romance of the American Indian is felt by many people, even those that have no biological ties to the tribes that once roamed the vast deserts and the lush woodlands and mountains of the United States.

You will be able to bring back some of that romance and history and take it with you if you purchase Native American checks.

There is sure to be a Native American check series that will attract to you, no matter what your interests are. Take the stylish American Indians series, for example. The 4 rotating images in this series showcase depictions of Native Americans in a quiet, sandstone background. The colors are evocative of the old west and the desert, giving the checks a touch of style in a muted way.

On the other hand, if you would like something a little more colorful then you might be interested in the Mystic Maidens check series. These also come in 4 rotating images, each one showing a beautiful Native American princess set against a backdrop of mountains, clouds, and trees.

Conversely, the Petroglyphs checks don't actually show images of people at all, but instead focus on the cave art and other drawings of Native Americans that have been discovered over the years. These Petroglyphs tell a story and were the only form of written language during the time that they were written. Their significance in history, as well as in the culture of Native Americans, cannot be overlooked.

Likewise, the Southwest Art series are vibrant, beautiful checks that contain images of drawings that have been discovered in the caves and sandstone of the west.

If you would like to purchase Native American checks then you should be aware that by ordering them online from a reputable site you can save as much as 50% off the price that your bank might charge you. You will also have a variety of checks to choose from, unlike the limited selection of checks that might have been available to you at your local bank in the past.

When buying your checks, ensure that you have your routing number and checking account number handy so that they can be printed onto the checks. You should get them in about 5 days, which might even be quicker than you got them in the past. - 31382

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