Expand the description and view the text of the steps for this how-to video. Check out Howcast for other do-it-yourself videos from Dynamic and more videos in the Car Insurance category. You can contribute too! Create your own DIY guide at www.howcast.com or produce your own Howcast spots with the Howcast Filmmakers Program at www.howcast.com Follow these helpful hints before you sign on the dotted line. To complete this How-To you will need: A credit report Knowledge of local law Careful consideration Competing quotes Extra coverage A credit report Knowledge of local law Careful consideration Competing quotes Extra coverage Step 1: Check your credit Check your credit report for errors. Insurance companies use your credit rating to help determine your rate. Tip: Request a copy of your credit report by logging onto annualcreditreport.com or by calling 1-877-322-8228. You are entitled to one free copy per year. Step 2: Obey the law Find out the minimum car insurance required by law on your state’s Department of Insurance web site. Tip: Only New Hampshire and Wisconsin don’t require car insurance. But since they do require people to pay for accidents they cause, many people carry it anyway. Step 3: Consider more liability coverage Consider buying more liability insurance than your state requires. Consumer groups recommend a minimum of 0000 for injuries per person, 0000 per accident, and 0000 in property-damage liability. Tip: Most American car insurance does not …
The video series THE FUNNY TRUTH ABOUT CREDIT by Experian educates consumers about credit, starring well-known celebrities in hilarious real-life situations. In this episode, comedian Pauly Shore stands at the altar with his bride-to-be, totally unaware that her credit isn’t as perfect as she is. But when he finds out her credit is terrible and starts to panic, financial expert Maribel Aber jumps in with advice and encouragement. Visit www.experian.com (Co-starring Leyla Milani and Jake O’Flaherty).
The video series THE FUNNY TRUTH ABOUT CREDIT by Experian educates consumers about credit, starring well-known celebrities in hilarious real-life situations. In this episode, comedian Jon Lovitz learns about credit bureaus, their purpose, and what they do with the information in your credit report and credit score from financial expert Maribel Aber. Co-starring Sarah Hyland. Visit www.experian.com
www.RaiseYourCreditScoreNow.com?source=yt01 – Get a copy of your credit report for free! Information about credit, credit laws, credit repair, etc. Be sure to check us out on Twitter at http Be sure to check out our blog at www.raiseyourcreditscorenow.com Listen to our podcasts at www.raiseyourcreditscorenow.com
Raise a credit rating by getting a copy of all three credit bureau reports and disputing any duplicate or bad accounts. Improve credit scores by contacting creditors and making sure all good history is listed on a credit report with tips from a certified public accountant and credit counselor in this free video on debt management. Expert: Jerrie Guthrey Bio: Jerrie Guthrey has been a certified public accountant and credit counselor since 1992. Filmmaker: Jack Guthrey
Recently a friend called me. He and his wife have applied to refinance their mortgage and get an associated line of credit. They were turned down for the line of credit. And my friend didn’t understand why, because he thought his credit history should’ve been perfect. Last 20 years he and his wife were always working, generating good 6-figure income. They bought their house 15 years ago. They were always paying bills on time, were not carrying any balances on their credit cards. But – they were not monitoring their credit reports. I told him to go to Fair, Isaac & Company web site ( www.myfico.com ) – and select an option to get 3 reports (from Equifax, Experian, and TransUnion) and 3 FICO scores – and then call me back. What he found was quite interesting. The scores were ranging from 720 to 780. They were different, because different reports contained different information. On one of the reports (TransUnion) he found an 18 year old tax lien which reflected an IRS error made 18 years ago. He thought this record was removed – but it had somehow re-appeared. Unpaid tax liens can stay on credit report forever. Luckily for him he still kept an old letter from IRS confirming that this was a mistake. Second problem was a negative record placed on his account by a collector for homeowner’s insurance company. 2.5 years ago they switched insurance. Insurance was paid by the bank (escrow). There was a misunderstanding in dates between the two insurance companies (old and new …
On Thursday, May 6, Experian director of public education Rod Griffin answered your questions on credit scoring and credit reporting live via a video stream from the CreditCards.com studio in Austin, Texas. Here is part 5 of 6 in the series.
Biggest Mistakes You Should Avoid While Dealing With Debt Collectors (1) Not using your right to check that the debt is yours. Somebody contacts you about a debt, and says that you owe him. Why would you trust him? How do you know that he did not mix up names? You can validate the debt in writing within 30 days of being notified. The collector has to hold off on contacting you until it sends you a written clarification of the debt in question. Do not be coerced into paying a debt you don’t owe, because if you do – it is an admission of guilt, and it will have a very negative impact on your credit score. For more information visit www.101creditrepair.com (2) Sending money to a debt collector when you have no paperwork what you owe, how they arrived at that figure. While sending a request for validation to a collector – you should ask them to provide the details. (3) Giving a debt collector your banking or credit card information. If you tell a collector to take per month out of your account – don’t be surprised when he takes all the money from your account. And you will have very hard time to revert this, because the collector is going to say you gave your permission. (4) Signing an agreement or legal document without understanding your rights and obligations. Don’t do it, even if you are threatened. If you do not have money to consult an attorney, ask your friend. Do not act while you are in fear. You always have at least one day to think things through. (5) Not …
How Debt Gets to Collectors – Legal Consequences When you become late on one credit card – your rates immediately jump up on ALL you credit cards. Including promotional zero-interest cards. And sometimes this goes retroactively back in time. Credit card companies explain that they can do this because you become a “high risk”. As of today (beginning of 2009) late fees and over-limit fees are by far the single biggest profit center for credit cards (more than BILLION annually). Those fees have now gone as high as on some credit cards, with the average between & by most major issuers. And unfortunately the lenders can legally do this – so pay close attention to your payment due dates. For more information visit www.101creditrepair.com As you miss payments – this gets reported to CRAs (Credit Reporting Agencies). And the lender will start contacting you (either directly, or via a contracted collection agency). If you miss the due dates on three payments, the lender will usually shut your card off, declare it in default and make demand for payment in full. Your rates and late payment penalties can quickly make your balance grow by 50% or more. If you don’t pay for 180 days – they will charge-off your account so that they can get tax benefits for it. They will also turn over to collections. Usually just sell for 3-4 pennies on a dollar. VERY IMPORTANT keep records of all letters you get (bills, collection letters), especially the proof of the charge off date or …