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improving your credit rating
Because 30% of your credit score is based on your debt to available credit ratio. For example, if you have 3K in credit card debts and if you add up all your available credit limit from all your credit cards for a total of $10K. =your current debt/available credit = 3K/10K = 30% Ratio (Ideal Ratio!) Now you close one account with an available credit of 4K, now decreasing you available credit to $6K =your current debt/available credit = 3K/6K = 50% Ratio The higher the ratio the more negative it will affect your credit score.
There are credit cards available for people with bad credit. Secured credit cards are more suited for people with bad credit and are likely to be the only ones they will qualify for. Capital One offers a Secured MasterCard which is available for people with bad credit.
Available credit is the maximum amount your lender will let you use in total. Available cash is the amount your lender will let you use as a cash advance (e.g. pulling money from an ATM, not used for a purchase) and is usually a portion of the overall available credit.
The best credit experts are not individuals, but bigger firms or companies devoted to improving the credit scores of their clients. By far the best option in this arena is Lexington Law. While they can be a little pricey (around $50/month), the company has a track record of improving credit scores over the course of 3-6 months.
improving your credit rating
You can always find resources online to help you improve your credit card, but the basics of improving your credit is to always watch what you spend your money on and always paying your minimum payment on time.
Because 30% of your credit score is based on your debt to available credit ratio. For example, if you have 3K in credit card debts and if you add up all your available credit limit from all your credit cards for a total of $10K. =your current debt/available credit = 3K/10K = 30% Ratio (Ideal Ratio!) Now you close one account with an available credit of 4K, now decreasing you available credit to $6K =your current debt/available credit = 3K/6K = 50% Ratio The higher the ratio the more negative it will affect your credit score.
There are free credit reports available at www.freecreditscore.com. You can also obtain a credit report from your bank pr credit institution. As well, you can get one from a financial company.
There are credit cards available for people with bad credit. Secured credit cards are more suited for people with bad credit and are likely to be the only ones they will qualify for. Capital One offers a Secured MasterCard which is available for people with bad credit.
The best credit experts are not individuals, but bigger firms or companies devoted to improving the credit scores of their clients. By far the best option in this arena is Lexington Law. While they can be a little pricey (around $50/month), the company has a track record of improving credit scores over the course of 3-6 months.
Available credit is the maximum amount your lender will let you use in total. Available cash is the amount your lender will let you use as a cash advance (e.g. pulling money from an ATM, not used for a purchase) and is usually a portion of the overall available credit.
In the US, we have a high number of these grants and programs. Unfortunately, they are often not available to the people they seek to serve because even these grants require new companies and their founders to have good credit. A process that supported minority and small businesses on the path to improving credit would help bridge this gap.
You'll need to go in and talk to them in person, or try improving your credit by getting credit cards and paying them off promptly etc.
you can get your credit report ezcreditrepairsolutions(dot)com(slash)credit(dash)report(dash)score(slash) from different credit reporting agencies, They provide a lot of great information for improving your credit score, and it worked well for me.
First time homebuyer tax credit and recovery rebate credit were not available in or for the year 2006.
Look at freecreditreport.com to find out your credit score. They have great commercials and they are free. What more can you ask for? If you need help improving your credit score they will probably have some ideas for you there.