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.

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Blue Mitzi 

How To Build Up New Credit To Obtain High Credit Limits

In this post  I will show those with fresh credit or new credit how to obtain higher credit limits in a short period of time,  avoiding the most common mistakes made with new or fresh credit.

I'll first talk to the ones with the blank credit files, or those just starting out. Lets say your fresh out of high school or even college.  You may have that great idea, or want to invest in the market, or even invest into real-estate, or you just have that  entrepreneur spirit.  More than likely your not at that point to invest cause your broke or don't have much, unless you have that rich uncle or grand mother, but even that scenario the rich relatives are tightening there pockets as well.  I mean times are hard, so wouldn't it be nice to have a little advantage over the rest.

lets get right into it.  First and fore most, reconsider the banks who you bank with.  You may want to start focusing on your city's local banks, and credit unions.  (In the ebook: The COME-UP COMPILATION) there is a list of the top 10 credit unions to join, which I may add, some are very generous, even with fresh credit, lol.  Going to these banks will give you a better chance to build your credit faster and with higher limits, verses going to the big wigs, you know who I mean, lol.

-Also before you choose to apply for a credit card you may want to reconsider doing that, because you don't have any or no credit, those that will extend credit to you will start you out low, which will make sense from a underwriter stand point, but think about choosing a secured credit card first,  these is a list of the top 10 secured credit cards to obtain in the copy of the ebook( THE COME-UP COMPLATION).  Getting a secured credit card as your first 2 cards or so will help you to pave your next unsecured limits to high limits especially if you start those secured cards out with high limits for example($1,000-$10,000).

-A very important step in obtaining high limits in a short time is to make sure your credit reports have completed information on them, correct name, address, age, DOD, even job and salary information.  Information that is not updated can be the difference between an approval and an denial even with a 700+ score.

-Following these steps will surely get you on the way to obtaining high credit limits in a shorter time period than usual.

I have helped many obtain funding under there personal credit even with negatives on, lol.  I have also helped many to clean there bad credit as well.

You can ask your question or leave your comments here about how to establish new credit to obtain high limits in a short time period.

I am available on my blogs, Wordpress, emails and itsmapps.com at all times.

check out the live actual proof of the credit this client got here:

http://www.youtube.com/watch?v=dFquL0J73E0&feature=endscreen&NR=1

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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 Balance Transfer

Many people have been asking me allot bout credit cards lately, and one particular question about credit cards that I get allot is, What Is A Balance Transfer.  So I will try my best to explain what it is.  This is the scenario.  You Currently have a credit card with a $1,000 dollar credit limit which is maxed out, and has a 21% interest rate.  You also have another credit card or have just been approved for another credit card that has a limit of $2,000 as well as an interest rate of 9%.

With the first credit card at 21% with a credit line of $1,000 and an even payment spread over 12 months, would be $1,000 plus an additional $210 dollars added on for interest, which would be rounded up to about a monthly payment of $100.83.  With the second credit card that has a limit of $2,000 and a payment spread evenly over a 12 month period, with an interest rate of 9% , with a balance of $1,000 would make the monthly payments roughly $90.83, and a additional $90 added to the balance cause of interest; Saving you $120 dollars annually. and dropping your monthly payments down to $10 less.

To summarize everything, your pretty much paying off one credit card with another credit card that has a better interest rate, and will save you money overall as well as lower your monthly payments.

Don't forget to check out the new ebook that we just put out called: The Come-Up Compilation Ebook
which you can find at:    http://www.tradebit.com/filedetail.php/222443902-the-come-up-compilation

This ebook consist of some of the best information as far as personal credit, notary, health, trading top 10 secured cards to get, top 10 credit unions to join, top 10 sic codes to use for a business, and also a 10 step business credit"biz credit"  plan, to get you from not even knowing how to opening up a business all the way getting that business funded.

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Blue Mitzi

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What Is The Best Credit Card To Get?

Over the past few weeks I have been getting allot of questions about credit cards and one of these questions that keep popping up is: What Is The Best Credit Card To Get?  My response is that's not a question that can be answered right away.  There are certain variables that need to be analyzed first, like whats your current credit score, what is your current balances on your credit cards, whats your, oldest credit card or line, whats your newest credit card or line, and how many inquiries do you have on file right now.  Another important thing is, do you currently have any negative information on your credit file either form the past or present.

After you address these questions then you can ask yourself what do you want out of a card as well.  Gifts rewards, airline points for free trips, concierge rewards, or even cash back rewards.  There are many out there.

With all of this information you can even know who will approve you, get a guesstimate of how much your limit will be, and know who is the best bank or card to get because you can find out what banks or creditors use what credit bureau's to approve you with.

For any other questions please leave a comment and I will answer you right back ASAP.

We can even assist you with getting approved for credit.

Thank you for coming look around theirs allot of great information about personal credit, business credit, entertainment, gossip, and even many how to tutorials here as well as music info and opportunities as well          
Please also check out our new ebook at:
http://www.tradebit.com/filedetail.php/222443902-the-come-up-compilation

it consist of some of the best information needed today to get your self of the ground, like top 10 secured credit cards to get, top 10 credit unions to join, top 10 SIC codes to use when opening up a business, health information, notary information, and business credit"biz credit" information as well.

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Blue Mitzi
 

Elements Of Having A good Credit Report

Info will be up by later today, updating information for you the public, 

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

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Blue Mitzi