Filed under: credit cards
What is in a credit report? A credit report is a snapshot of your current obligations to creditors. These creditors include credit card companies, mortgage companies, banks, and retail stores. Lenders are permitted by law to check your credit report and review it in order to determine whether or not to grant credit to you. In order to build a credit report all you have to do is establish credit in the form of a bank loan, credit card account, car loan, mortgage, or studen loan. Information on your credit report comes directly from your history with accounts you currently have outstanding loans with. Whether you pay your obligations on time or not, lenders will report that information to the credit bureaus. There are four categories.
1. Your personal information: Your credit report identifies you will the following information.
” Your name
” Social Security number
” Current address ” Previous address
” Birth date
” Current employer and previous employers
” Phone number
2. Your credit history: Your credit history will show your payment history with current lenders such as:
” Credit Card companies
” Mortgage companies
” Retail stores
” Finance companies
3. Inquiries: This is where lenders are finance companies have requested your credit report. The rule of thumb is the less inquiries the better.
4. Public Records: Your credit report lists any obligations that may affect your credit including the following:
” Judgments
” Tax Liens
” Bankruptcies
Credit Reports are now available to any organization that is trying to grant you credit, or a company considering hiring you. Your personal credit report is so important during this day and age that you need to have a current copy to see what they are seeing. Even landlords are pulling credit in order to grant you permission to rent from them. With all this in mind, it is highly recommended that you have recent copy of your credit report, so that you are aware whats being reported in regards to your personal credit history. Most of the companies that provide credit reports, dont understand credit, they just sell you a credit report.There are also websites that offer a credit report for Free but fail to mention that you will not get a free credit score. Make sure when you obtain a copy of your credit report it comes with all 3 reports and score. It makes no sense to get copy of your credit report without your scores since creditors look heavily at your credit scores. Remember “your Credit is your Life.”
Filed under: Finance
The Forex Heatmap ⢠is now available to all spot forex traders. The Forex Heatmap ⢠gives any spot forex trader an easy to in interpret data visualization tool that organizes the data from 20 currency pairs into a visual map of the spot forex for fast and accurate spot forex trade entry decisions.
The vast majority of forex traders donât know the condition of the forex market when they enter a spot forex trade.
There are two reasons for this. The first reason is ignorance. Most forex traders trade one pair like the EUR/USD and are looking at standard forex technical indicators on one timeframe. They continuously force trades into the EUR/USD when there is no trade there at all and they all wind up being forex scalpers. In the meantime other pairs are moving hundreds of pips, almost daily, and these forex traders simply cannot see the larger picture of the forex market.
The second reason is that once a spot forex trader has decided that they to want to know the condition of the entire forex market when they prepare to enter a trade, or that they want to trade the best currency pair available with the most pip potential, they see that it is not possible because up to now there were no good quality forex market visual maps available to them. When a forex trader searches for such a visual map of the spot forex that gives them a real time picture of the forex market they find that a tool like this may not exist.
This is where The Forex Heatmap ⢠enters the picture. The Forex Heatmap ⢠quickly and conveniently verifies your spot forex trade entry decisions across 25 currency pairs. Forex trading accuracy will improve dramatically for any spot forex trader and you will also know when to NOT enter a spot forex trade.
Typically at the point of entry the spot forex trader must worry about placing the trade in their forex broker platform and make sure that the correct pair and direction are entered on the trading execution platform while watching a forex price chart. There simply is not time to click on the charts from 5 to 10 currency pairs to verify the entry decision or the overall forex market condition. Forex traders must focus on the trade entry and have tools that work quickly and are easy to interpret. This is where forex traders make mistakes and emotion takes over. Traders need a quick entry verification visual map of the spot forex  that streamlines the forex trade entry decision process.
The Forex Heatmap ⢠solves all of these problems. The Forex Heatmap ⢠ is a dynamic visual tool that consolidates the data from 20 currency pairs using real time forex datafeeds and translates the forex data into a visual map of the spot forex. When you combine The Forex Heatmap ⢠with a simple trading plan and very simple forex trend indicators, basic knowledge of forex support and resistance, parallel and inverse analysis, and the direction of the primary trend you now have a powerful combination of high quality analytical and decision making tools for forex trading. Emotional forex trading gives way to logical forex trading. The full potential of 25 currency pairs is now yours not just some scalping of one or two currency pairs that most forex traders have focused on in the past.
The majority of forex traders scalp, use forex technical indicators, or use forex robots, and the failure rate is incredibly high. Heatmaps are  becoming more common in business, financial, internet and technology applications, and The Forex Heatmap ⢠is leading the way to create successful spot forex traders.
Filed under: credit cards
In this article we will discuss the misconception of free credit reports. There are lots of advertisements out there saying get your free credit report. But what exactly does a free credit report come with? I have personally seen about 3 different types of credit reports being advertised out there.
The first type of credit report is the credit report where you only get a credit report from one of the bureaus. There are 3 bureaus, and they are Equifax, Trans Union, and Experian. Typically the offer includes a report only from one of these bureaus. You might ask yourself how does this help me, and the answer is it does not help very much. The reason is since there are 3 bureaus, and they all report somewhat different information; you might want to get a credit report from all three bureaus. This is called a tri-merge, or a 3-1 credit report. In other words you get one report with all three bureaus and what they are currently reporting about you in regards to loans outstanding with your creditors.
The second type of credit report is the 3-1 credit report with credit score. This is somewhat better; you get all three bureaus reporting your information along with only one of the agencies giving a score. Well you might ask yourself again, what is the advantage and disadvantages of this type of credit report? Since there are 3 bureaus reporting your credit, it would only make sense to get all 3 scores since that is what most lenders look at. Mortgage companies pull your 3-1 credit report with all three scores and typically use the middle score for qualifying purposes. If this is the industry standard in the qualifying process, shouldn?t you see the same report? I would have to say yes.
The third type of credit report is the 3-1 credit report with all 3 scores. This is the best type of credit report, because it is what lenders look at. Most people out there getting a free copy of there credit reports are not really sure what they are getting. Annualcreditreport.com advertises that you are entitled to a free copy of your credit report once a year, but fail to mention you don?t get your scores. It is in your best interest to get your credit report with all 3 bureaus and all 3 scores, especially since this is what most creditors look at in the determining process for lending you money.
Here is the break down for credit scores and how they are classified for mortgage:
? 780-850 ? Low Risk
? 740-780 – Medium ?Low Risk
? 690-740- Medium Risk
? 620-690- Medium High Risk
? 620 and Below ? High Risk or ?Sub-Prime.?
With all of this being said, it obviously makes more sense to get your 3-1 credit report with all 3 credit scores. Especially since that is what creditors are looking at. When pulling a consumer credit report it does not affect your credit scores.