Understanding Credit Inquiries

This is a very talked about topic here.  Credit Inquiries, many people so misled about Credit Inquiries that they don't even know whats on there credit report because there afraid to check it.  Lets start with what a Inquiry is.  A inquiry is exactly what it says, its an inquiry, an inquiry about your credit history, for creditors or landlords, or jobs or even car rental companies to check on your credit background.  Now understand that there's two kinds of credit inquiries, the Hard Inquiry and the soft inquiry.

Hard Inquiry:

The hard inquiry is made form creditors looking to check on your credit history for a loan, credit card, or rental approval and more.  This kind of inquiry is a hard inquiry because it decreases your credit score.  Now even though this decreases your credit score if you get the loan or credit card, or apartment rental or mortgage, it doesn't look bad on your report, because you applied for an auto loan and you got it. Unlike if you applied for an auto loan like 3-5 times and didn't get the loan, that's bad.  Makes other or new creditors your trying to get, look at your report as if something is wrong with this picture.

Soft Inquiry:

The soft pull.  The soft pull is normally made by you yourself checking your credit report and sometimes some creditors doing a credit limit increase or a Pre-approval for a credit card or store card.  This Inquiry does not effect your credit score. Don't be afraid to ask some creditors if they do soft pulls or not.  Some credit grantors such as Walmart, Khol's, and others that do soft pulls due to a pre approval system they are associated with.  You can put your self in this system which is basically opting your self in to be able to possibly get a Pre-approval on credit.

Now also do understand that every creditor that pulls a report  and makes an inquiry does not do it to all 3 of your credit bureaus.  Some creditors only pull one bureau or maybe 2 sometimes.  You normally get all 3 pulled and an inquiry done on all 3 when your looking to get a mortgage done.  So this is a nice clue to you that 2 of your credit bureau reports are high in inquiries and your looking  to go get a auto loan, maybe you should go to a bank or creditor that will pull the bureau that has the least inquiries.

www.itsmapps.com

www.itsmapps.blogspot.com

youtube.com/itsmapps

twitter.com/itsmapps

facebook.com/itsmapps

https://vimeo.com/itsmapps

http://itsmapps.over-blog.com/

The Come-Up Compilation Ebook:

http://www.tradebit.com/filedetail.php/222443902-the-come-up-compilation

Blue Mitzi 

How To Get Your First Credit Card

Here is a quick post for those who are fresh out of high school or even in college or just out of college, who may not know much about credit.  This blog post is to show you how easy it is to get your first credit card.  
Now due to the fact that your just starting out with credit, do not expect your first credit card to have a very high credit limit.  There are some local banks and credit unions that actually have programs for new credit beginners.  (Later on this post will be updated with a few of those banks).  Some of the programs are called My First Credit Card, you can Google or Yahoo this term and some banks should pop up, but if not as mentioned above a few links will be posted later on.  For those looking for a quick approval for a credit card.  You may want to give capital one, Journey Credit card a Go, and also Capital One Classic Credit card A go, at the same time.  I have seen many people approved for these 2 cards simultaneously. You r credit limit for one or both cards will be $300-$500, you may get approved for both at $500 a piece giving you a credit start of $1,000.  For those that maybe looking for higher limits at first, if you have relatives or parents with well established credit and credit cards, you may want them to add you as an Authorized User on there cards.(There is A post on What Is A Authorized User) 2-3 of these Authorized User cards with good credit history and limits added to your credit profile or report, will surely help get you, your first credit card at A higher limit.  Please use this information wisely, don't run up your credit cards if you cant pay them, you'll regret it later for sure. And IF you do handle your credit right at the beginning, trust me you can get your credit well up to $30-$50k Plus with in a very shot amount of time.

Leave your questions & comments I am here to answer your questions and help.

www.itsmapps.com
www.itsmapps.blogspot.com
Mapps Clothing
Blue Mitzi
The Come-Up Compilation Ebook: 
http://www.tradebit.com/filedetail.php/222443902-the-come-up-compilation

Bad Credit Loans And Credit Lines

Due to the crazy economic times we have have many have suffered due to job loss or medical issues and have defaulted on their credit or bills.  Thankfully there are options out there to help us along the way.
Here are a few creditors that offer credit to those with little or less than perfect credit.  This information will be updated on a daily basis so things may pop up at anytime.

Auto Loans:

Road Loans:
Very credit friendly, they lend to those with bad or little credit

The Lending Club
They are what you call a Peer To Peer Lending Company, they offer loans for almost anythin:

https://www.lendingclub.com/landing/partner.action?partnerID=80019&param2=GzB001zA002z1zDzg&gclid=CNbUiP_Y-LcCFQug4Aod3UsAXg

Prosper Lending
They are also a Peer To Peer Lending Company which also offers loans for almost anything as well. 

http://www.prosper.com/prm/lowrateloan-alt.html?refac=VQXPAGB&refmc=TOIJIIH&refd=prosper.com%20loans:::32278074131:::&gclid=CK-L1JDZ-LcCFcmf4Aodb2sAow

Capital One


 

What Is A Authorized User Account

In the last few years due to the financial crises which still is not over, many people have had to find alternative options to help build up there credit report or file.  One option which was once dismissed a few years ago, seems to be making a come back very fast.  This option is called Authorized User.  An authorized User account is where one that may have more established credit or accounts or less may have for example, a JC Penny's credit account.  Well, This person can add an Authorized User to their credit card account, which will give that user the benefit of using that account to charge credit as well, and a second card, linked to the main account holders account is issued to that Authorized User with there name on the card.  Now this is beneficial for one that does not have any or no credit at all, because it helps them to start building up there credit profile of report.  Transactions of use and good payment is reported on not just the main card holders credit file but the Authorized User as well.  The cons to this method or option if you will; is that the Authorized User is not held responsible for the principal credit of the account, only the main card holder is, and the Authorized User can not make any little or vital changes to the account at all.  Another down fall to tis option is if the main card holder does not pay there bills and goes into default, this information will show up on the Authorized User Credit report.  So be cautious with this method.

Please, leave me your comments or questions I am here to answer them and help.

Also check out our new ebook called: The Come-Up Compilation Ebook.

This ebook has a ton of great information on Health, Trading, Notary, SIC Codes, Top 10 Secured Credit Cards to get, Top 10 Credit Unions to join, How To Keep An A+ Credit Score And Report, And The 10 Step Business Plan.  Which takes you from step 1 all the way to step 10 showing you how to incorporate all the way to getting funding for your business.      

You can get it out at: http://www.tradebit.com/filedetail.php/222443902-the-come-up-compilation         

www.itsmapps.com
www.itsmapps.blogspot.com
Blue Mitzi

Mapps Clothing   

Credit Cards For People With Bad Credit, Bull Or Not

With these tough times upon us, many people have ended up pushing there good or decent credit to the limit and destroying it.  Hey, many of us have made mistakes regarding our credit, but despite what the so called credit gurus and bankers may tell you, there is light not only at the end of the tunnel, but in front of you right now. Not only can you fix your bad credit at an surprising speedy time frame but you can even get credit with bad credit.  Now some may say this is not a great move to make, and  I partially agree, but I also disagree.  Depending on if your just looking for money to help pay bills, you may not want to keep going that route and continue to pile on the debt, but if your cleaning up your credit, this maybe a great move for you.  There are a few credit card companies and banks that will still extend credit to you even with bad credit.  In one of my blog post, I share this information on some of those banks and credit card companies.  I also have testimonies of people that I have helped to obtain credit even with bad credit, like one guy that I recently helped in May of this year,  He had 2 baddies on his report, but I was still able to get him $5,000 in credit still. Check out his video testimony, he shows the public some of his credit cards he received.  There are many helpful post here on getting your credit together or obtaining credit for bad credit as well as          

Also check out our new ebook called: The Come-Up Compilation which can be found at:
 
 http://www.tradebit.com/filedetail.php/222443902-the-come-up-compilation

www.itsmapps.com
itsmapps.blogspot.com
Mapps Clothing 
Blue Mitzi