The Affects of Opening Credit for Others...
Larry has three sons that are young adults. His oldest boy really wants to buy a car but cannot get the financing since he doesn’t have an appropriate credit history to be approved. Larry knows how much his son would like this car and decides to put a nice down payment on the car and take the loan out in his own name. This will be a great gift for his sons Christmas present. ...Activity of Revolving Credit...
Having a great variety of credit is not enough to have the highest scores. If consumers do not use thier credit consistently inactive credit will reduce scores. Make sure to use all of your credit at least 2-3 months a year. For more information on credit restoration, view North Shore Advisory’s...California has Strict Laws Against Reque...
In California it is against the law to request to see a copy of a license when consumers are making retail purchases. For more information on credit restoration, view North Shore Advisory’s...Is Requesting Additional ID Legal?...
When using Visa, Master, and Amex it is against the credit card processing rules for Stores to request additional ID. The only exception to this rule is when credit cards are not signed. It is not against the law, in terms of the government or state, but if the credit card processor were to find out the store made this request the processor could ban the store from using the card...How do Balances on Revolving Credit Affe...
When balances are over 10% of limits on revolving credit scores begin to drop. The higher the balance the more the score drops. If a consumer went over the limit on balances of this type of credit the scores could drop over 100 points. The score drop would depend on how high the score is before the balance went over the limit. The higher the score the further it drops. For more...What is Revolving Credit?...
Revolving credit is any type of credit a consumer can decide how much they would like to charge (up to the limit) and a minimal payment can be made. For more information on credit restoration, view North Shore Advisory’s...Business Credit Cards are they a Good Ch...
As a business owner having business credit cards could be a great asset to personal credit scores. Although you sign personally for business credit cards they normally do not get reported to personal credit reports. This is a great option for business owners that want to separate their personal credit from business credit. Besides having a distinction between the two whatever...Small Business Owners and Credit Cards...
Many small business owners do not think about how their credit will be affected when using credit cards for their business expenses. Personal credit scores drop dramatically when personal revolving credit balances increase. Revolving credit is anything you can pay the minimum and charge the maximum. As the balances increase on this type of credit scores drop. The closer the...American Express Controversy!...
Lately when I speak at meetings with the general public or Mortgage Professionals when I mention Amex eyes widen and heads begin to nod. So many people over the last year and especially last few months have had varying negative experiences that left them shocked and confused. I have written a bit about this topic in the past but the need for deeper understanding seems to be...
About Tracy Becker
Visit Our Main Website For Credit Repair Help
For over two decades, I have owned and operated a Credit Education and
Restoration Company. We can increase Fico Scores by hundreds of points and
our fee is billed based on success. I enjoy Public Speaking across the
Country where I work with all kinds of Professionals, helping them find
solutions to Credit Problems. I have Expertise in both personal and
business credit. I've worked with thousands of people leading them into
better credit and ultimately, financial health and more opportunity. I
educate Bankers, Realtor's, CPA's, and Finance Experts on Credit from A-Z.
I'm also publishing my second book "Credit Score Power". Lastly, I've been
interviewed on national Television and Radio as a Credit Expert. Feel free
to contact me if you have any credit questions or clients who wish to
increase their credit score.
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