Fresno All Star Credit Repair

2 Things You Must Know About Credit 01. Credit isn't cash or a cash substitute. Credit and credit cards are so easy to use, it's hard not to think of them as an extension of your wallet. Unfortunately, that's the exact kind of thinking that can get you into credit trouble. Even if you've been using credit for years, it never hurts to re-familiarize yourself with the very basics of what credit is and how it works. That way you can be sure you're using credit properly.... 02. Having good credit is important. Many people don't realize the value of good credit until they need it and don't have it. Credit is used for more than just credit cards. You need credit for buying or renting a home, getting a new job, and even for getting cell phone or other utility services. Creditors and lenders can deny you if your credit is not in good shape. www.fresnoallstarcredit.com 559-907-1230

The laptop in my car is covered by my auto insurance policy? Personal property, such as a laptop or cell phone, isn't covered under an auto insurance policy. Those items are typically covered by the personal property insurance from your Home or Renters' policy, but a claim would be subject to a deductible. For More Information Feel Free To Contact... 559-365-1545 agents.farmers.com/gramos1 See more

Credit Myth That Simply Is Not True! Paying Off Your Credit Cards each Month is Bad! In fact, the opposite is true. Paying your credit card balances in full each month show financial responsibility. Plus, no-one wants to have to pay interest. It is important to maintain activity on your accounts each month so your can improve the amount of timely monthly payments. It will also ensure your account stays open and is not closed automatically by your creditor.... Have Questions Please Feel Free To Contact Us! 559-907-1230 www.fresnoallstarcredit.com

The myth: Opening a credit card will drastically lower your credit score You may believe that opening a new credit card will cause your credit score to automatically plunge. Reality check: Opening a credit card will only drop your credit score by a handful points. If you have a score resting comfortably in the 700s, this is no big deal.... If you’re in the 500 to 650 range, then you should focus on improving your score, and you likely won’t be eligible for many of the better credit cards, anyhow. Instead, you may need to focus on getting a secured card first, to help improve your score. One exception to the rule: If you’re applying for a mortgage or another loan, you should hold off on applying for any forms of credit, or doing anything that may cause even a small dip in your score. The higher your credit score when applying for a loan, the lower your interest rate will likely be. www.fresnoallstarcredit.com 559-907-1230

#1 Credit Myth! Checking your credit report hurts your credit score. The Truth: This myth is partially based in fact - when a lender or creditor initiates a hard inquiry into your credit, that inquiry does land on your credit report and ding your credit score a few points (the lasting damage is minimal as long as you don’t submit too many credit applications in too short a time frame). But hard inquiries only occur when you apply for credit.... 559-907-1230 www.fresnoallstarcredit.com

Credit Myth? Paying Debts Erases Them Pay off a debt and you've eliminated your obligation but the evidence of that debt can stick to your credit report for years. If you pay your debts on time and in full, you will likely want your paid-off accounts on your credit report because they show that you've used credit responsibly. If, on the other hand, you've been chronically late, missed payments or defaulted entirely, that's a problem. Most negative information can remain on ...your report for up to seven years; some bankruptcies can stay there for up to 10 years. 559-907-1230 www.fresnoallstarcredit.com

Does Checking Your Credit Lower Your Score? When you check your own credit report with one of the many online websites that offer your credit report and scores your score is not affected. It doesn’t matter which sites you use your score is not affected by checking your own credit. When you apply for credit or a loan the creditor checks your credit. This does affect your credit rating. This is known as a hard inquiry on your report and it does factor into your credit score. 10...% of your overall score is determined by new credit. This includes newly opened accounts and the number of hard credit inquires you have within the past 12 months. Inquiries will stay on your report for 24 months, but are inquiries over the past 12 months are factored into your score. There is no set number of points your score drops with each inquiry. Usually one or two inquiries will not affect your score at all. But if you have several inquires it shows you are actively looking for credit and maybe you are experiencing financial difficulty which will lower your score. www.fresnoallstarcredit.com 559-907-1230

Truth or Myth? Once I pay off a negative record, it will be removed from my credit report. Myth! Negative records such as late payments will remain on your credit report for 7-10 years after they are first posted. Paying off the account before the end of the set term doesn’t remove it from your credit report, but will mark the account as paid. Your credit score will improve when you pay off your debts, particularly as more and more time passes since the default and the reco...rd finally expires 559-907-1230 www.fresnoallstarcredit.com

When you check your own credit report with one of the many online websites that offer your credit report and scores your score is not affected. It doesn’t matter which sites you use your score is not affected by checking your own credit. When you apply for credit or a loan the creditor checks your credit. This does affect your credit rating. This is known as a hard inquiry on your report and it does factor into your credit score. 10% of your overall score is determined by new... credit. This includes newly opened accounts and the number of hard credit inquires you have within the past 12 months. Inquiries will stay on your report for 24 months, but are inquiries over the past 12 months are factored into your score. There is no set number of points your score drops with each inquiry. Usually one or two inquiries will not affect your score at all. But if you have several inquires it shows you are actively looking for credit and maybe you are experiencing financial difficulty which will lower your score. www.fresnoallstarcredit.com 559-907-1230

Things You Must Know About Credit 01. Credit isn't cash or a cash substitute. Credit and credit cards are so easy to use, it's hard not to think of them as an extension of your wallet. Unfortunately, that's the exact kind of thinking that can get you into credit trouble. Even if you've been using credit for years, it never hurts to re-familiarize yourself with the very basics of what credit is and how it works. That way you can be sure you're using credit properly.... 02. Having good credit is important. Many people don't realize the value of good credit until they need it and don't have it. Credit is used for more than just credit cards. You need credit for buying or renting a home, getting a new job, and even for getting cell phone or other utility services. Creditors and lenders can deny you if your credit is not in good shape. www.fresnoallstarcredit.com 559-907-1230

How do I go about building my credit history? If you are new to credit and are trying to build a credit history, here are a few ways you can get started. 1. Apply for, and open one new credit card. Because you have little or no credit history, you may not get very good terms on this credit card such as a high APR. However, if you charge small amounts and pay off the balance each month, you won't be paying interest each month so the high APR won't affect your bottom line.... 2. Open a secured credit card. If you are unable to get approved for a traditional credit card, a secured credit card can help you build your credit history. This type of card requires you to deposit money with the credit card company. You can then make charges on the secured card up to the amount you have deposited.Whether you obtain a traditional credit card or a secured credit card, it is important to keep low balances and pay off your balance each month and never miss a payment. This will help build a positive credit history. www.fresnoallstarcredit.com (559)907-1230

Credit score facts & fallacies Fallacy: A score determines whether or not I get credit. Fact: Lenders use a number of facts to make credit decisions, including your FICO Scores. Lenders look at information such as the amount of debt you can reasonably handle given your income, your employment history, and your credit history. Based on their perception of this information, as well as their specific underwriting policies, lenders may extend credit to you although your score is... low, or decline your request for credit although your score is high. 559-907-1230 www.fresnoallstarcredit.com

3 Tips To Keep Building Your Credit! 1. Know What's On Your Credit Report And How It Affects You ( It's Important To Know Where You Stand) 2. Make Bigger, On-Time Payments (Get Out Of Debt Faster)... 3. Billing Cycles And Payments (Knowing When Your Payment Is Due) WWW.FRESNOALLSTARCREDIT.COM 559-907-1230

Truth or Myth? It’s better to never get a credit card? Myth, There is a common misconception that carrying a credit card will ultimately lead to damaging credit card debt. Sure, some people don’t understand how to handle credit cards, and end up overspending and getting into deep, unmanageable debt.... Reality check: For the responsible individual, however, a credit card offers one of the easiest ways to establish and build a credit history. Instead of just listening to scare tactics, consider your time perspective (which you can test here), responsibility levels and history with debt. If you’re the kind of person who understands how to budget and manage your finances, you can probably handle a credit card. After all, having a credit card in your wallet doesn’t just mysteriously incur debt, but it can help you improve your credit score. And remember: Having no debt or payment history at all, which means you will have no credit score, can be just as damaging when you are trying to get a loan as having a low credit score. 559-907-1230 www.fresnoallstarcredit.com

Interest Rates Are Still Low! Need Good Credit To Purchase A Home? Refinance A Car?... Call Now For A Free Consultation! 559-907-1230 www.Fresnoallstarcredit.com

Truth or Myth? Once I pay off a negative record, it will be removed from my credit report. Myth!... Negative records such as late payments will remain on your credit report for 7-10 years after they are first posted. Paying off the account before the end of the set term doesn’t remove it from your credit report, but will mark the account as paid. Your credit score will improve when you pay off your debts, particularly as more and more time passes since the default and the record finally expires 559-907-1230 www.fresnoallstarcredit.com