Credit Tips The sudden collapse of the sub-prime market has made managing your credit even more important than before. The credit market is going to tighten up considerably in the future and managing your credit and improving your credit is going to be key to getting the best rate on a mortgage. Credit Tips offers a blog and series of videos dedicated to helping people who might have marginal credit, improve their credit. Improving your credit isn't a magic formula but rather it's due to the fact that people often have inaccurate information on their credit report. Many late payments aren't actually late because creditors don't face a penalty for reporting inaccurate information. Frank Bruno's blog covers his complete line of videos on managing your credit. He has launched a new video on disputing items on your credit report for verified items which launched June 29, 2007. His blog on credit tips which covers his videos and offers regular credit report tips.

Frank offers a pretty wide selection of videos and he is far more knowledgable about the specifics of the credit industry. This sort of insider knowledge is very very helpful since his techniques and tips are specifically geared to take advantage of both the current law on fair credit reporting act and the practices of the credit industry. Bruno's knowledge of the credit industry is a clear advantage in his videos and his blog. Having this information can help dispute items on your credit report, improve your credit score by 123 to 200 points and more importantly get you the accurate credit you deserve. I would encourage you to try his video and read his blog to get one leg up for your next mortgage application. His videos take a specific topic in dealing with your credit report and go in depth on the matter. This means he goes into far more detail than a blog devoted to generic advice on improving your credit.

Labels: creditcards, creditcleaning, creditrepair, credittips, improvingyourcreditscore

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Credit Management - Student Loan Consolidation One of the most important elements in managing your credit is managing long term debt such as student loans or a second mortgage on your home. In my own case I have to be upfront, I did a very poor job of managing my student loans post graduation. One of the problems was the multiplicity of loans that took in my last two years of college. This meant that I often missed payments and in case of one loan, managed to completely drop the ball on it completely. I would have certainly benefited from student loan consolidation. This would have given me a single payment and single place to right a check. Consolidation would have also lowered my over all interest rate for the loans I had. The interesting thing of course was that this was well before the internet and before federal student loan consolidation was a common practice. Getting student loans consolidated back then was a time consuming process requiring multiple physical forms. Simply put it was really hard to do. This was too bad since this meant that I damaged my credit and made it harder to purchase my first home in California. By
consolidating my student loan debt I could have saved on the interest rate and my downpayment. As it was I bought my first California home with a 20% down payment.

Had I managed my student loan debt better I would have been able to purchase even earlier and would have enjoyed an even greater appreciation in my home's value. So to manage your credit, you should do the following.

• Consolidate your student loan debt into a single payment
  This will make it easy to track and manage your student loans. Having multiple loans with multiple vendors is the surest way to miss a payment.
  
• Set up an auto pay
  By autopaying the minimums+$1 on your student loan, you don't have to worry about the mail time or other inconvienences. By making the minimums+$1 you will show a payment history of paying more than the minimum and this will help with your credit. Additionally it will mean that you don't have to worry about the fiddle faddle associated with the mail.
  

This is a sponsored post.

Labels: creditcards, debtconsolidation, federalstudentloanconsolidation, homebuying, management, studentloanconsolidation

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Bankrate Update Here’s the latest numbers on interest rates for five common consumer products for the week of January 1st - January 7th. This national survey was performed by Bankrate.com on Wednesday, January 4th.

* Mortgages - 6.27% (30 Year Fixed)
* Home Equity Lines - 7.32%
* Auto Loans - 7.90% (48 Month - New Car)
* CD - 3.28% (One Year Yield)
* Credit Card - 12.94% (Standard Fixed)

Labels: autoloans, Bankrate, cd, creditcards, fluctatingmortgagerates, homeequitylines

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