Tags |
|
|
Links |
|
|
Casual Articles - Credit Report - 5 Secrets Credit Bureaus Don't Want You to Know
A small business computer-consulting firm can be set up once you are clear about the economics of the venture, skills required for setting up shop and the various options available to start a business on your own.Economics of a Computer Consultancy Business: A typical billing rate for a small computer consultancy business would be in the range of $100 an hour. Setting a rate at this level would be appropriate for a start-up firm, as anything more would require you to move into the really big league with highly skilled sales and technical staff. Taking a 40-hour week with a 75% utilization rate, the billable time works out to 1500 hours a year. This yields gross revenue of $150,000 per year, which can typically be deployed as under: Salary for Sales Executive: $40,000 Marketing Expenses: $10,000 Taxes, Insurance and Overheads: $50,000 Technical Staff salary: $50,000 Total $ 150,000 on 90%
So no matter who you believe, it's clear that way too many credit reports have errors. So even if you think you have good credit, it might be well worth your while to get a copy of your credit report and take a careful look at it.
2. The law is on your side!
In 1972 Congress passed the Fair Credit Reporting Act (FCRA) to curb abuses by the credit bureaus. The FCRA is the governing federal law on the issue of credit reporting.
Under the FCRA, you have the right to dispute negative information in your credit report. The credit bureaus then have 30 days to verify the disputed info
1. Be reader-centered, not writer-centered.Many brochures, websites, and direct mail I see from nonprofits is focused on how great their services, products and organizations are. Hello? Audience, anyone? Consider your reader thinking, "What's in it for me?" If you can, talk with some of your current donors, volunteers, members and clients and ask them 1) why they chose you, and 2) what they get out of your product, service or giving.HINT: To instantly make your copy more reader-focused, insert the word "you" often.2. Focus on the benefits - not just the features.The fact that your program, service or giving and volunteer opportunities offer a lot of neat features is great, but describing these features is not enough. Focus on benefits - what the features do for your audience.Let's say your organization provides health services to the uninsured and to Medicaid and Medicare patients. Feature/ benefit sets to in
Your "Credit Report" is a record of your credit history and it's prepared by agencies called "Credit Bureaus", or "Consumer Reporting Agencies." These are private organizations and have no affiliation with the United States (or any) government. There are 3 major credit bureaus in the United States (2 in Canada) and their names are Experian, EquiFax, and Trans Union.
Did you know that credit reporting is a multi-billion dollar a year industry? It's true! The credit bureaus are for-profit organizations that generate billions of dollars in revenue each year from selling copies of credit reports to creditors and mailing lists.
Your credit report affects more than your financial life. It could affect your education, career, and even your relationships. Your credit report is used not only by lenders and creditors, but also by auto, life, and home insurers, future employers, and even some educational institutions. It affects the interest rates you'll pay on everything!
So as you can see, your credit report can have a critical impact on many facets of your life. For example, because of a bad credit report you could be forced to pay tens of thousands of dollars MORE in loan interest over the life of your home mortgage. This is no exaggeration!
Since the credit bureaus prepare and distribute your credit report to lenders, they clearly wield a great deal of power over both your financial and personal life. But it would be a grave mistake to be intimidated by them, or to think that you have no choice but to live with the negative effects of a bad credit report.
In fact, there's plenty you can do!
Always remember; Knowledge is power! There're a few facts the credit bureaus would rather you don't know. Let's take a look at them, and you'll see why.
1. Credit reports are filled with errors!
It will probably astonish you to learn the percentage of credit reports that contain errors. While there seems to be some disagreement, estimates range from 1 out of every 3 (on the low end) to as high as 90%! Here's a "run down" on error estimates.
Percentage of Credit Reports Than Contain Mistakes
Attorney General of NY 1/3
Consumers Union 48%
US Congress 1/2
Charles Givens Organization 90%
So no matter who you believe, it's clear that way too many credit reports have errors. So even if you think you have good credit, it might be well worth your while to get a copy of your credit report and take a careful look at it.
2. The law is on your side!
In 1972 Congress passed the Fair Credit Reporting Act (FCRA) to curb abuses by the credit bureaus. The FCRA is the governing federal law on the issue of credit reporting.
Under the FCRA, you have the right to dispute negative information in your credit report. The credit bureaus then have 30 days to verify the disputed info
It’s a sad fact that four out of five businesses will fold within the first five years of operation. And the number one reason they will do so is because of poor. or non-existent, advertising or promotion. Assuming they have a sensible product or service at a reasonable price, they should be able to survive. Yet, many small. or start-up enterprises, will spend all their investment on the nuts and bolts of the business from furnishings to signage, ignoring the most important way people will eventually find them; marketing.The majority of businesses fall into two categories: those that rely on word-of-mouth or those that do a minimal amount of local promotions such as direct mail, flyers, small Yellow Page ads. In any regard, they give advertising very little though. For example, when the Yellow Page representative comes around to talk about their program, they have done little or nothing to prepare for the call. At the very least, they should have considered some o
Your credit report affects more than your financial life. It could affect your education, career, and even your relationships. Your credit report is used not only by lenders and creditors, but also by auto, life, and home insurers, future employers, and even some educational institutions. It affects the interest rates you'll pay on everything!
So as you can see, your credit report can have a critical impact on many facets of your life. For example, because of a bad credit report you could be forced to pay tens of thousands of dollars MORE in loan interest over the life of your home mortgage. This is no exaggeration!
Since the credit bureaus prepare and distribute your credit report to lenders, they clearly wield a great deal of power over both your financial and personal life. But it would be a grave mistake to be intimidated by them, or to think that you have no choice but to live with the negative effects of a bad credit report.
In fact, there's plenty you can do!
Always remember; Knowledge is power! There're a few facts the credit bureaus would rather you don't know. Let's take a look at them, and you'll see why.
1. Credit reports are filled with errors!
It will probably astonish you to learn the percentage of credit reports that contain errors. While there seems to be some disagreement, estimates range from 1 out of every 3 (on the low end) to as high as 90%! Here's a "run down" on error estimates.
Percentage of Credit Reports Than Contain Mistakes
Attorney General of NY 1/3
Consumers Union 48%
US Congress 1/2
Charles Givens Organization 90%
So no matter who you believe, it's clear that way too many credit reports have errors. So even if you think you have good credit, it might be well worth your while to get a copy of your credit report and take a careful look at it.
2. The law is on your side!
In 1972 Congress passed the Fair Credit Reporting Act (FCRA) to curb abuses by the credit bureaus. The FCRA is the governing federal law on the issue of credit reporting.
Under the FCRA, you have the right to dispute negative information in your credit report. The credit bureaus then have 30 days to verify the disputed info
By the time that a product has made it to your local retail store, it’s probably changed at least three people’s hands, possibly even more than that. And each one of those people had to mark up the cost of the item to cover their investment and make a profit. That means that by the time it makes it to your hand, even if it was on the clearance rack, it’s been marked up. A LOT!But, if you have a business license and a tax ID number and want to get your hands on products long before they make it to the retail segment, you need to know all about buying wholesale, which is trickier than it may sound. Especially since retail stores aren’t just going to volunteer where they got the products you’re buying. They don’t WANT you to eliminate the middle man.But, I do. Because I’ve been there. And I know that there’s enough to go around. More than enough.So, here you go. To get you started, check out these ten resources (listed in no particular order) that have hel
Since the credit bureaus prepare and distribute your credit report to lenders, they clearly wield a great deal of power over both your financial and personal life. But it would be a grave mistake to be intimidated by them, or to think that you have no choice but to live with the negative effects of a bad credit report.
In fact, there's plenty you can do!
Always remember; Knowledge is power! There're a few facts the credit bureaus would rather you don't know. Let's take a look at them, and you'll see why.
1. Credit reports are filled with errors!
It will probably astonish you to learn the percentage of credit reports that contain errors. While there seems to be some disagreement, estimates range from 1 out of every 3 (on the low end) to as high as 90%! Here's a "run down" on error estimates.
Percentage of Credit Reports Than Contain Mistakes
Attorney General of NY 1/3
Consumers Union 48%
US Congress 1/2
Charles Givens Organization 90%
So no matter who you believe, it's clear that way too many credit reports have errors. So even if you think you have good credit, it might be well worth your while to get a copy of your credit report and take a careful look at it.
2. The law is on your side!
In 1972 Congress passed the Fair Credit Reporting Act (FCRA) to curb abuses by the credit bureaus. The FCRA is the governing federal law on the issue of credit reporting.
Under the FCRA, you have the right to dispute negative information in your credit report. The credit bureaus then have 30 days to verify the disputed info
Before you launch yourself on a internet marketing career you need to consider carefully the tools that you will require to be successful within this business area. When considering all the resources and information at your disposal the first thing to really acquire is a good Web Design Package.I have tried many different packages on the market from the expensive Dreamweaver and Frontpage to the more cheaper but just as good. I stumbled across one such package while looking at the very informative Micheal Chenney videos.The package is called Xsitepro and is a software download from Intellimon. The package came with everything you will ever need to succeed within the Internet Marketer business. It also comes with a very good extensive manual and downloadable how to videos not something you get with a lot of other packages.I upgraded my machines recently to Vista and I know most downloadable software does not upgrade well but this surprisingly works well an
1. Credit reports are filled with errors!
It will probably astonish you to learn the percentage of credit reports that contain errors. While there seems to be some disagreement, estimates range from 1 out of every 3 (on the low end) to as high as 90%! Here's a "run down" on error estimates.
Percentage of Credit Reports Than Contain Mistakes
Attorney General of NY 1/3
Consumers Union 48%
US Congress 1/2
Charles Givens Organization 90%
So no matter who you believe, it's clear that way too many credit reports have errors. So even if you think you have good credit, it might be well worth your while to get a copy of your credit report and take a careful look at it.
2. The law is on your side!
In 1972 Congress passed the Fair Credit Reporting Act (FCRA) to curb abuses by the credit bureaus. The FCRA is the governing federal law on the issue of credit reporting.
Under the FCRA, you have the right to dispute negative information in your credit report. The credit bureaus then have 30 days to verify the disputed info
Corporate entertainment offers its members the feel of something that they have never done or long forgotten. Corporate entertainment is now an extensively used term and it includes team building, sports hospitality, conferences, entertaining clients, and company fun days. For any business, it is important to gain new customers, keep and develop existing relationships or inspire or reward its workforce. Corporate entertainment events, a form of team building exercise, are a pleasant way by which communication skills and cooperative work abilities can be improved.Corporate entertainment and team building reduces stress and gives a well-deserved break from the office. There are many structured activities, indoor and outdoor, that are entertaining and targeted towards creating the essential requirements of fruitful work relationships. Through these activities, members can practice brainstorming, collaboration, creativity, trust, and feedback. Most activities focus on
So no matter who you believe, it's clear that way too many credit reports have errors. So even if you think you have good credit, it might be well worth your while to get a copy of your credit report and take a careful look at it.
2. The law is on your side!
In 1972 Congress passed the Fair Credit Reporting Act (FCRA) to curb abuses by the credit bureaus. The FCRA is the governing federal law on the issue of credit reporting.
Under the FCRA, you have the right to dispute negative information in your credit report. The credit bureaus then have 30 days to verify the disputed information with the creditor. If they cannot (or do not) verify the disputed information within 30 days, it must be deleted from your credit report.
3. Even accurate data in your credit report must be deleted if it's not verified.
If you've done any research into credit repair you've no doubt run across statements to the effect of "Negative data in your credit report that is accurate cannot be removed." As stated above, the FCRA stipulates that any disputed information must be verified within 30 days, or it must be deleted. The "burden of proof" (in a manner of speaking), is on the credit bureaus.
4. Credit repair DOES WORK in most cases!
You'll hear all kinds of opinions as to whether "credit repair" (i.e. efforts to improve your credit report) can be successful. The truth is, credit repair doesn't always work perfectly. But in almost every case the process of credit repair will result in at least SOME improvement in your credit score, and most often that improvement is substantial. So credit repair does work!
Now you may be wondering why repairing your credit score would be of any concern to the credit bureaus. After all, don't they make money by compiling and distributing credit reports regardless of whether those reports are negative or positive?
Well, yes they do, BUT...they also make money (a GREAT DEAL of money) selling names of people with poor credit, to creditors who have a specific interest in those people.
So why would some creditors want to bother with people who have poor credit? Because they know they can charge higher interest rates to those people, because the "bad credit risks" have no choice but to pay those exorbitant rates or forgo credit altogether!
Besides, investigating disputed information costs the credit bureaus time, manpower, and money. They have nothing to gain, and plenty to lose, when people take the initiative and dispute negative information on their credit report.
5. It's perfectly legal to hire third party help to repair your credit.
There are plenty of "Credit Repair Agencies" who will help you repair your credit. But if a credit bureau even suspects you're using such an agency, it's likely they'll try to discourage you from doing so. In some cases they'll even go so far as to send you a letter stating that use of such agencies is illegal.
Such statements are (to put it as politely as possible) garbage! In fact there
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.casualarticles.com/article/93043/casualarticles-Credit-Report--5-Secrets-Credit-Bureaus-Dont-Want-You-to-Know.html">Credit Report - 5 Secrets Credit Bureaus Don't Want You to Know</a>
BB link (for phorums):
[url=http://www.casualarticles.com/article/93043/casualarticles-Credit-Report--5-Secrets-Credit-Bureaus-Dont-Want-You-to-Know.html]Credit Report - 5 Secrets Credit Bureaus Don't Want You to Know[/url]
Related Articles:
How To Find A Good New York Auto Accident Lawyer
Valuable Search Engine Optimization Help
Bookmark it:
|