Do You Know Whats On Your Credit Report

Writen by Ken Austin

Your credit report is all that companies and lenders have to know about you. They do not get to see who you are or know what is happening in your life. All they know is what your credit report has to say about you. If you haven't taken the time to figure out what is on your report, do so, and do so quickly.

You will want to look at several things on your credit report. First, you will notice there is a credit score. This number is a direct reflection of your credit worthiness. The higher this number is the better your credit rating will be. In most cases, this is the number that they need to know in order to decide on your credit worthiness. This number ranges though through the various credit reporting agencies.

But, what makes those numbers higher and lower is the very important information you need to check out on your credit report. Any time that you take a loan out or open a line of credit, these companies will report to the credit agencies what you have borrowed, how much you owe and if you make your payments on time. You should always make sure this information is correct.

It is also important to insure that you do not have any mistakes on your credit report. You should monitor it for flaws in loans that you do or do not have as well as your payment history.

In the United States, the credit report is becoming free for you to view and monitor your credit at least once a year. This is necessary in order to protect your credit score as well as to insure that your identity has not been used wrongly. The credit report provides information about you to the rest of the world. Make sure it's right!

Ken Austin is the webmaster at http://www.creditreliefonline.com/ and http://www.myfinanceconnection.com/

The Advantages To Owning A Credit Card

Writen by Beth Derkowitz

While some might think that credit cards are troublesome, there are actually more benefits than disadvantages to having a credit card.

Building that credit rating

When it comes to getting low interest loans and getting financed for other bigger purchases, your credit rating is one of the first things that lenders look at. They want to know if you can handle your money in a responsible manner. By having a credit card, charging items to it, and then paying it off, you get the chance to show that you can handle your finances.

You don't have to carry cash

A credit card is much safer to carry around than cash. Even if your credit card should get stolen, you can report the loss and not be held accountable for the unauthorized purchases. When cash is lost, it's usually gone for good.

Things you might not know

Credit cards also offer free insurance on items that have been purchased, allowing you to return items that do not meet your expectations or cancel transactions that weren't authorized.

Credit helps in an emergency

One of the main uses of credit cards is to supply extra funds in an emergency. Many cards offer car insurance and roadside assistance as well as cash advances and checks that can be written from the limit of the credit card. If you have a bill that's larger than you expected, credit cards can help to pay it off until you gather the money that you need.

Online shopping

Shopping on the Internet is safer and easier when you use a credit card instead of a check or money order. Almost all online retailers take credit cards over a secure link, allowing transactions to be completed instantly rather than having to wait for checks to clear.

Widely used

Nearly every retailer takes credit cards as well as restaurants, hotels, airlines, car rentals, and gas stations. You are covered with a form of payment wherever you go and whatever you do.

Rewards

And of course, credit cards also like to thank their customers for using them with rewards like cash back or airline miles. You can also receive discounts on future purchases or gas rebates.

With punctual payments and low balances, you can increase your spending limit as well to give you even more flexibility with larger purchases. Instead of having to start a book of payments, you can charge the item and possibly reduce the amount of interest that may have had to pay with the retailer.

Beth Derkowitz recommends Find Credit Cards for finding an Advanta business credit card for your small business. See http://www.findcreditcards.org/issuer/advanta.php for more information.