Wartime Contracting Oversight – House Oversight Committee – 2009-06-10 – Product 286948-1-DVD – House Committee on Government Reform and Oversight. Subcommittee on National Security and Foreign Affairs. Witnesses testify about a Commission on Wartime Contracting report which documents poor management, weak oversight, and a failure to learn from past mistakes as recurring themes in wartime contracting. It also cites concerns with a massive support contract known as “LOGCAP” that provides troops with essential services, including housing, meals, mail delivery and laundry. Filmed by C-SPAN. Non-commercial use only. For more information see www.c-spanvideo.org Fast Credit Repair Video Rating: 0 / 5
Will A Secured Credit Card Raise Your Credit Score?
A credit card is a convenient way to build credit history. However, if you have bad credit, it is quite difficult to get a regular credit card. Most credit cards are unsecured, which means they do not require any collateral from you. There is another type of credit card that do required a collateral from you. This is usually in the form of a saving account managed by the credit card company. This type of card is known as secured credit card.
Payment history for unsecured credit cards are being reported to the three major credit bureaus. However, this may not be the case for secured credit cases. Some of them do report the payment history to the three bureaus and some do not.
If you intention is to raise your credit score, you should look for those secured credit cards that report to the three major credit bureaus. Most of the time, this benefit is highlighted in the application form. If you do not see it, you can call up their customer service hotline to enquire about it.
The way you use a secured credit card to raise you credit score is the same as with a regular credit card. You have to use the card on a regular basis and must make payment on time. Unlike a regular credit card, if you default on your payment, the credit card company has to the right to collect payment by deducting the amount from the balance in your saving account.
It is very easy to get approved for a secured credit card. Most of the time, a credit check is no required as you are going to open a saving account that serve as collateral. This means approval is guaranteed unless you are underage or you are residing outside USA.
The amount of cash deposit into your account will serve as the credit limit. You can increase the credit limit by adding more cash. In addition, the cash in your saving account will earn you interest as long as you do not default on your repayment. This is one main advantage of having a secured credit card. The other advantage is you can avoid the pitfall of credit card debt since you can’t spend more than what you have in your saving account
A secured credit card is a very good option for people who has bad credit or no credit. By using them regularly and making repayment promptly, you can be assured that your credit score will raise to the level that qualify you for unsecured credit card and better interest rates.
Among the most crucial matters to think back is regarding credit problems and this also means you’re not the only one who is suffering from bad credit. On the other side, there are millions of honorable, hard-working people from all around the country who are presently experiencing or have suffered troubles with their credit too. However, your awareness of the importance of having good credit has put you one step closer to actually achieving a good credit rating and improving your quality of liv Fast Credit Repair
One of the largest determinants of overall financial health is your credit rating. Without a good FICO score you will have a difficult time obtaining a mortgage, auto loan, personal loan, or credit card. By having a good score you will not only drastically increase your chances of obtaining a loan, but you will also receive lower interest rates which will save you thousands of dollars in interest expenses over the course of your lifetime. If you have a poor credit rating, there are several tips to improve your credit.
The most obvious thing you can do to improve your credit is to make sure that you always pay your bills on time. Your historical timeliness of making payments to creditor on time is one of the largest determinants of your overall credit score. If you historically have not paid your bills on time, paying your bills on time going forward is the first step to improving your score. While late payments will remain on your credit score for 7 years, your credit score will increase after successfully making payment on time for a full year.
Next, you will want to pay off as much of your revolving credit as possible. Your credit utilization is the second most important factor that determines your credit score. For the best possible credit score, aim to keep your balances at 20% or less of your total limits. As an example, if you have ,000 in credit card limits, you should never carry more than ,000 in revolving debt. If you pay down your credit card balances so they are less than 20% of your limit, your credit score will improve immediately. If you do not have the cash on hand to pay down your credit cards, you may want to consider calling your creditor and seeing if they would be willing to raise your credit limit. This would result in a lower overall credit utilization ratio.
The last of several tips to raise your credit score is to pay off charged off accounts through a pay for delete. If a creditor has ever charged off your account because you refused to pay back your debt, they most likely have written off your account. A charge off has an adverse impact on your credit score and will remain in your file for seven years from the date of last activity. If you contact the creditor, they may be willing to delete the account from your credit file in exchange for payment in full.
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Moody’s raises concern about Weatherford report
(AP:NEW YORK) Moody’s Investors Service said Thursday that its credit ratings for Weatherford International Ltd. could come under pressure after the oil and gas drilling company said it will restate years of financial results. Fast Credit Repair Read more on INO News
McDonnell urges increase in age for Social Security eligibility
Gov. Bob McDonnell, in an opinion column, also suggests cuts in defense funding to get federal spending in line. Fast Credit Repair Read more on Richmond Times-Dispatch
Women’s Business Station, a new social enterprise in Dundee, received £10,000 funding from the Government’s Tampon Tax Community Fund for a project aimed at empowering women supported by four Dundee charities.
