Your Credit Rating Is Important

By Steve Collins

Credit ratings, at their most simple, are personal debt histories. Credit ratings can follow us for our entire life, providing a often worrying picture of our financial behavior. Lenders and credit card companies look to credit ratings for the most simple assessment of whether we are a good or bad risk. But what kind of information does a credit rating contain?

For starters, credit ratings contain all the basic personal information you would expect them to have, such as full name, address and social security number. Any debt you owe will be added to your credit report. Credit ratings contain every store credit card you carry, their maximum limit and how close you are to reaching that limit. Payment history is included as well.

An unsoiled credit report will show no late payments, few applications for new credit or loans and low balances on existing credit cards. Excellent credit ratings win a higher rate of approval and lower interest rates with banks and credit card companies.

Negative comments, past foreclosures and bankruptcies obviously do not look good on credit ratings. Credit ratings carry negative information for a long time. Late payments, for instance, remain on your credit rating for 7 years. Bankruptcies can stay on for 10 years. Frequent loan and credit applications are also harmful. It pays to keep a good financial profile. You can help yourself by checking your credit report frequently. Credit ratings sometimes contain information that is out of date, such as your maiden name instead of your married name or an old address. Negative errors can occur, too. These need to be found well before you apply for credit or loans. Credit ratings can take weeks, even months, to correct.

In high school, children joke about what goes on their permanent record. Credit ratings are permanent records that are no laughing matter. You should make it a point to know what is in your credit ratings.

About the Author:

Steve Collins is an author and journalist. In these trying times, he knows the importance of obtaining effective credit card debt solutions if necessary. Read his article about credit card debt solutions here.

Reverse Mortgage for Pearl Harbor War Hero

By Johnwahn Vanrock

I'm going to take a break today from my normal article writing. My usual article consists of some beneficial learning material concerning the reverse mortgage.

Today we shall do something different. The reason is yesterday I spoke to an individual who absolutely made my day.

About me real quick. I'm 40 and have love for history of all kinds, particularly 20th century history. Of course, the History Channel was my favorite spot until they abandoned their former programming to speculate about UFOs.

Well, I was in for some luck. I spoke to a gentleman for about an hour about getting a reverse mortgage.

At the end of the conversation he mentioned where he was stationed back in 1948. That was close enough to WWII so I had to ask if he served during the war. Notice he didn't just tell me...

He affirmed that he served in WWII and was in Pearl Harbor the day the Japanese attacked.

Immediately, my ears perk up. Now I'm talking to one of just a few who still remain from that historic day.

Not only was he there but he was on the West Virginia when it was hit by seven torpedos. He said he looked out the port hole and could see them coming just before they hit.

I didn't get into the gory details of the battle, but he was wounded badly. In fact he blacked out and woke up in a pile of dead bodies. Apparently, he was presumed dead himself. His family was actually notified of his death.

His family proceeded to conduct a memorial service.

Skeptical me... When I left the call I Googled his name and Pearl Harbor. Sure enough, there he was with story he just told me.

I don't have much of a point here other than it was a great phone call, at least for me. I felt like I had a little brush with history in the form of an American hero.

From my perspective the reverse mortgage business was the conduit for a shlub like me to speak to the last of a dying bread. It was a great experience.

About the Author:

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When remodeling Jacksonville Home

By Ryan Kim

There are various reasons why we will choose to get our homes remodeled. It may be because we have lived in it for quite some time and decide it needs a new look, it may be because there is not enough space in it with your growing family. The other reason you may choose to get your Jacksonville home or any home remodeled is because you want to increase the value in order to sell it.

The problem is that lots of people will not plan out their remodeling project for their home before the work begins and this can lead to untold problems for them in the future. In this article we take a look at some of the types of mistakes that many home owners make when they decide to remodel their homes.

Mistake 1 - Quite a few home owners will start work on their home to have it remodeled including structural work without having any inspections completed first. It is important that the first thing any home owner should do when it comes to remodeling their home is to get a structural engineer and pest control engineer into inspect it. The pest control engineer is especially important in much older properties.

If such inspections are not carried out then problems may arise that will cost you more once works have started on the project. Plus if you are having your Jacksonville home remodeled in order to increase the chances of selling it, if you don't have these problems dealt with then your chances of getting it sold at a fair price will be greatly reduced.

Mistake 2 - A large number of people will begin their home remodeling project before consider the costs that are involved. It is important that one should take in account what one can easily afford to have done. Not only do labor costs have to be taken into consideration on such projects but the cost of the materials as well. If you are not in a position to be able to complete the works involved in your remodeling project then you shouldn't allow them to commence. If you do then you will find that the value of your home is reduced instead of being increased.

Mistake 3 - Quite a number of home owners will employ a contractor to carry out the remodeling work on their Jacksonville home before actually doing some research on them first. It is important to not only carry out a background check into the proposed contractor which can be done using the Better Business Bureau. But one should also be obtaining references from them from other clients who they have previously worked for. By doing this one can prevent oneself from handing over money for work that is lack luster and ends up devaluing our home.

About the Author:

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Looking for Nashville Home

By Alex Kim

When you begin looking to buy a new home the first thing you need to determine is just how much you can afford to spend. Certainly this is a factor that not only first time buyers of homes have to consider but also those who have brought and sold property before. It doesn't matter whether you are buying a Nashville home or a home in another US city you need to look realistically at just how much you can spend on a home.

There are certain things that you will have to take into consideration which will help you to determine just how much you are able to spend on a new home that won't cause you financial problems in the future. Below we take a look at just what some of these are.

1. The best way for you to determine just how much you can afford to spend on a home is by multiplying your annual income by 2.5. Although there are going to be certain other factors which could influence the final figure you arrive at but this acts as a good baseline, when you start your initial house search.

Also using this calculation you can identify more easily what you will be able to request when applying for a pre-approved loan. Certainly in the current financial market having your home loan pre-approved places you in a much stronger position with sellers.

2. Lenders don't only look at how much you earn when considering a home loan application but also how much the property is selling for. This way they can the look to see just how much you can afford to make in repayments to them each month. Mostly if you repayments work out to be around 25 to 33% of your gross monthly income then they are much more willing to provide you with the financing that you need. Anything over these percentages and the chances of your loan being approved is greatly reduced.

3. If your credit history is favorable then the more wiling lenders will be to approve your loan. Ideally you need to be showing that you are able to meet easily the payments on any debts you have currently. Plus that they don't exceed more than 30 to 40% of what you earn.

Above we have taken a look at a number of factors that can influence just how much you can realistically borrow when trying to determine what price Nashville home you can purchase. Along with these factors there are others that need to be taken into consideration and which will influence the amount that you are able to borrow. The other factors that need to be considered are interest rates and which type of mortgages that you qualify for.

About the Author:

Before purchasing houses, review Nashville Home at Nashville Home, and Nashville Home