February 2018 – Credit POC

How To Remove Late Payment From Your Credit Score

Posted on February 28, 2018 by blogger

Unexpected expenses and sudden loss of job are the main reasons a person ends up missing on their monthly loan or credit card payment. In such cases, you end up with a late payment mark in the credit rating which can prove to be derogatory to your credit score. However there is hope to improve your credit rating by working to remove late payment from the credit card.

Basically, different types of late payments are not termed equally. Being late by a month or two will not damage your credit report much, and can be removed easily. However if you fail to make a payment by 3-4 months, it can cause significant damage to your credit score.

It is up to the lender toe decide whether to mention late payment on your credit score or not. It is not always that the lender will immediately announce late payments of 1-2 months as they work and want to keep your business.

You may have to send a dispute letter to the credit bureau

However if you know that you will be late with your payment by a few months, it is suggested to make a phone call or send a letter to the lender explaining the reason for your late payment. By adding that you would be grateful for them for not including your late payment status to the credit report, most lenders work to remove late payment from your credit rating.

However before you actually ask the lender to remove the late payment; it is better to ensure that your account is up to date. It is based on your payment history and the number of late payments that you have made that the lender decides to remove late payment or not.

If your letter or phone call is not effective in getting the lender to remove late payment, the next thing you have to do is to send a dispute letter to the credit bureau. Mention the reason for your late payment, show that you are otherwise up to date in your payments and you may get the credit bureau carry out an investigation and help to remove late payment.

Fast Loans For Bad Credit Cut Short The Paper Work For Urgent Fund

Posted on February 21, 2018 by blogger

It is misery to be affected with the poor credit scores that are not accepted by the lender. And there are cases when the people need some urgent amount in spite of having the permanent job. There may be appearance of some unforeseen problem that may mar the financial stability. Therefore, for such adverse time, people need to have some way out so that they could cope up with some huge problems in spite of having poor credit holders. Negative credit scores need to pay slightly exorbitant rate of interest if they need to borrow some urgent loan during the tough time. If they are ready to pay the rate of interest a bit higher, they can get the entire benefits of fast loans for bad credit that are free from the entire tedious tasks. The borrowers do not need to put any sort of security in order to get the last minute fund. But it is must for the borrowers to present pay lips. On the basis of the pay slips, the loan provider allows them filling up the loan application form. And thus, they are able to get the desirable fund within round the clock despite of suffering from the poor credit scores that are given below;

Insolvency
Country court judgments
Individual voluntary arrangement
Amount overdue
Skipping of installments

In order to avoid these poor credit ratings, the lender charges a bit exorbitant rate of interest on catering the fund something like 80 to 750. The borrowed fund is ample for the solution of the loads of bills and debts. These miscellaneous unpaid pending bills and numerous debts could be in the form of automobile mend, health expenditure, petroleum expenses or essential travels medical or accident bill, birthday party expenses, off hand exotic trip, electricity bill, water supply bill and childs school or education fee. Thus, the poor credit holders are able to live the life with no tension of any debts at all.

The lender does not include the loads of documentation because online service is also available for the salaried people. The jobbers can make their access to the website of the loan provider. And thus, they are able to get the service of fast loans for bad credit. The online mode reduces the loads of paper work. Thus, the lender only needs some unavoidable papers only. Hence, get the last minute funds in spite of having the worst credit scores that are like the nuisance for the salaried people during the hard time.

Bad credit loan involve debt consolidation

Posted on February 17, 2018 by blogger

Bad credit loan is a contemporary concept of minimizing loan burden involving debt consolidation. Now the question that pops up in mind of many is what is Debt consolidation? Well it is debt (means loan) + consolidation (means combination). It is combination of multiple loans which is exchanged with lower interest single loan, thus relieving the borrower from the burden of multiple loans carrying higher interest rate. The bad credit loan provide feasible loan at high interest rate with quick paying terms, thus a convenient substitute for your upward rising multiple loans .Why to go for so many debt option and keep your income prone to the risk of heavy MI (monthly Installment) payment? It is prudent to take a bad credit loan where you can clear off your credit history at short notice.

The customer to Bad credit loan can be both an individual, as well a concern. An individual can meet his personal expenditure demand like meeting his house bill, child’s education fees, marriage expense–.etc taking bank credit loan in his name known as -bank credit personal loan-, Also an organization or a concern can meet his working capital needs required to run the business by taking bank credit loan. Loan for bad credit is processed easily on qualifying very simple terms and conditions, for example:

The loan aspirant have to be a major i.e. above 18 years of age.

He has to be a citizen of the country.

He should have the correct identity and residential proof.

He should have the legal ground for taking the loan.

He should have regular and legal source of income.

The bad credit loan has become a cake walk with the online exposure and if you want to get immediate cash, that is possible by subscribing signature bank credit loan.

Bank credit loan is a simple 3 tier process where in step 1.the loan applicant fills up the application form where the entire personal and his business related details are to be entered (like ,name, postal address, contact details, loan amount, income level, source of income etc)after that in step 2.the same details are verified with the lender online ,and on total satisfaction they will contact you and last but not the least step 3 will be cash reimbursement your running(current or saving )account; Current account is maintained by the business concern and saving account is for individual.

Based on your finance need you can opt for either secured (low interest rate loan)or unsecured(high interest loan)among the two option available for bad credit loan. If your cash need is high you have to stick to secured bad credit loan where you offer your property as a collateral to the loan applied.

Bad credit loan offers debt consolidation and act as a leverage to release your long term fixed cost debt charges.

What Are The Most Prestigious Credit Card Offers

Posted on February 11, 2018 by blogger

For a lot of elite credit card consumers, the most prestigious credit card is the American Express Black Card, officially called the Centurion Card.

The reason most elitists deem the Amex Centurion Card as one of the most prestigious credit card offers is due to the fact you cant apply for this exclusive card membership, youve got to wait for an invitation to join from Amex.

To qualify for the most prestigious American Express offer you first need to be an Amex cardholder of one of their elite offers such as the Platinum Card from American Express which certainly does give you elitist rewards.

However to get accepted into the most prestigious American Express Centurion Black Credit Card exclusive membership youve got to be an existing AmEx cardholder and not only do you have to have a membership to a card such as The Platinum Card from American Express, youll need to be spending at least $100k on you existing American Express Platinum Card annually before you can even think youre going to receive an invitation to join the Centurion Card membership.

Its the false scarcity tactics that American Express uses that makes their Centurion Card offer, in your minds eye, one of the most prestigious credit cards on the market today.

Having said that, if you want to get this elite credit card in your wallet someday, the first step is to apply for the elite rewards offer theyve got for you, The Platinum from American Express card.

This is a platinum credit card offer that gives you elite luxury benefits such as 24 hour concierge service and access to airport lounges and a lot of other luxury perks and benefits, not to mention bonus miles rewards points.

The most prestigious credit cards such as the Centurion Card are made of materials other than plastic, so the elite black credit cards are very unique and instantly recognizable, giving you instant social status respect.

The respect you gain from the most prestigious credit cards such as the American Express Centurion black credit card or the competing offer, The Visa Black Card, gives you instant VIP status in the eyes of everybody that sees your card.

The respect you get when you are a cardholder of either one of these most prestigious credit cards, either the Centurion Card or the Visa Black Card, goes a long way in you getting better service at hotels, restaurants, or any other venue for that matter.

When you are a cardholder of one the most prestigious credit cards, everybody, in every social or business situation will notice and consider you to be one Very Important Person (VIP), because not everyone can qualify for such an elite credit card!

What Do The Numbers Indicate On Credit Cards

Posted on February 4, 2018 by blogger

Ever wondered what the numbers on your cards indicate? Well you might have written them down at several points, either as reference or as a security measure in case of theft, but did you ever sit down to think what they might mean? Heres the answer.

The first number on your credit card denotes the system of the card. Is it a visa, master, or entertainment card? If the number is 3, it means it could be an American Express or Diners Club card or any other entertainment or travel card. Whereas a card with 4 as the first digit denotes that the card is a Visa card and a 5 means it is a MasterCard. A card that starts with the number 6 means it is a Discover card.

The number on the card also denotes the system of the card. For instance, a Diners Club card starts with 38 while, an American Express card number starts with 37. The third and fourth numbers denote the currency used on the card while the rest of the numbers till the 11th give you the information on account number. The digits from 12 to 14 is the credit card number and the last digit, the 15th is a check digit. This is the configuration in an American Express card.

A Visa and a MasterCard are similar in concept with some variations. They basically provide the same details, though the numbers and rules vary slightly. These numbers offer complete information on the users account and one must keep a photocopy of the card with the number or write the number down safely in case of card theft at any point in time. This reference number needs to be quoted to block your cards from being misused.

If you think this is all there is to a card, you are mistaken. The back of a card is even more configured with information and codes. The magnetic strip you see on the back of your cards (also called the magstripe) is made of iron-based magnetic particles. It is however plastic like in appearance. The card is often swiped at a business center or a store when you make a purchase and it is the magstripe that needs to be read by the magstripe reader.

Sometimes you may encounter problems with your card at stores or even at the ATMs where the reader fails to accept your card. This could in all likelihood be due to a dirty or damaged magstripe. In fact, even if your card has been exposed to magnets, it can damage the magnetized strip. So do take good care of your credit card and keep it protected from damages.