Thursday, August 23, 2007

What the Credit Crisis Means for Borrowers

What the Credit Crisis Means for Borrowers

The current credit crisis is making it increasingly difficult to obtain credit if your credit score is below 700. While there are ways to improve your credit score, it does take some time.

A few of the best ways to improve your credit are to: 1. pay your bills on time every month; 2. don't use more than 30 percent of your available credit; 3. don't make credit applications that you don't really need; and 4. check your credit report for errors and dispute them immediately if you find any . Just remember, it will take many months to improve your credit score - you must be patient.

What if you don't have months to wait on that new home or car? Talk to a reputable credit repair agency for help. Often, they can help to take negative and erroneous items off your credit history to improve your score in a relatively short period of time.

Lexington Law Firm is one such agency that help you repair your credit - even if you have a bankruptcy on your history they can usually help.

Don't wait - if you have been denied credit or know that you have poor credit - let Lexington Law Firm help you today.


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Tuesday, August 7, 2007

OnlineCreditProfessor.com

OnlineCreditProfessor.com
Pay Day Loan Cash Advances
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This entry was posted on 7/18/2007 9:56 AM and is filed under Payday Loans,Debt,Cash Advances.

Pay Day Loan Cash Advances

Only in extenuating circumstances is the need for a cash advance appropriate. For example: a hospital bill for an emergency, your car breaking down, or any other situation that might need immediate attention. Payday loans will allow you to stay out of debt in such circumstances; otherwise, if they are used on a normal basis they can actually be the route of debt.

Moreover, a cash advance can be quite helpful if you borrow responsibly; otherwise the debt that is accrued can cause more harm than good. A great amount of debt can severely mar your credit; and borrowing without substantial cause can further add to any previous debt. That’s why it’s best to limit borrowing, and to budget your finances accordingly. Smart balancing of your money will often times make an emergency situation (where a cash advance is a necessity) easier to manage.

The moral of the story is to borrow at your own risk. Always do your homework before borrowing from any company; make sure they are a reliable and reputable source. Remember, payday loans can be life savors in emergency situations, or a cause of financial trouble when used without warrant. Constant dependency on loans and cash advances will only add to debt and make it harder to get out of debt in the long run, so borrow wisely!
Tag: Pay Day Loan Cash Advances