A lot of people who don’t have much in the way of a credit history do have a history of paying rent on time. If that information showed up on their credit reports, it might help their scores. Rent Reporting can change the credit game for many people.

1 in 3 people in the US pay rent. That equates to 100 million people paying over $300 Billion in rent annually with very few getting credit for their on-time payments. That makes rent the largest expenditure with the least impact on a consumer’s credit report. But not anymore! This is where Rent Reporting changes the game.

How does rent reporting compare with other types of credit building?

Other credit-building strategies rely on more traditional methods. You can get a secured credit card, for example, or a credit-builder loan. Revolving debt, such as credit cards, and installment loans are considered in virtually every credit score.

Rent information will help lenders that are prospecting for possibly creditworthy people who have been overlooked. Also, if you have rent reporting information on your credit report, it could help you if you rent again later. Because lenders prefer a renter that has a history of paying on time.

                                                                                     Right For You?

Rent payment reporting will have a significant impact for younger consumers with limited, or nonexistent, credit history. These consumers can’t get a credit card in just their name until they are 21, so rent reporting is a great way to get a jump start on building a solid credit profile. Also for people that are trying to rebuild a credit score so that they can be approved for larger loans or mortgages.

So, while sending a rent check in the mail helps keep a roof over your head, it does not help establish your good reputation with anybody except your landlord. Start securing your financial future by using online rent payments services today so you can set it, forget it, and build credit history.

The post Rent Reporting = Easiest Way To Build Credit appeared first on Independent Credit Solutions.

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You would never leave your car unlocked in a busy parking lot with your life’s savings in the back. So you should take another look at how you think about your identity. It’s understandable that you don’t think about it. It’s not as tangible as physical money or valuables, but it is just as, if not more, important to protect. Identity protection is much more vital to your safety than you think

Understanding Your Risk Without Identity Protection

The bad things that can happen to you when you are without backup can be staggering.

• You can not only lose money, but you can be fully responsible for what happens with that money. There is a paper trail leading directly back to you.

• It doesn’t take a super genius to steal your identity. Anyone can do it though many different channels; way too many for you to personally monitor. Identity Protection can monitor all of those possibly weak areas for you.
• It can destroy not only your credit, but it can wreck your future all together. Without the proper protection, someone can go around for years pretending to be you — using your credit, money, and your face.

Don’t Let It Happen To You

There are options for you to keep yourself protected. The Sub Prime Credit Store has top notch Identity Protection to keep you safe and confident. Don’t let yourself be taken advantage of. Get Identity Protection today.

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The post Why Identity Protection Is Important For You appeared first on Ultimate Identity Protection Services.

The post Why Identity Protection Is Important For You appeared first on Independent Credit Solutions.

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Insurance is kind of like flossing. Everyone knows you should do it, but rarely people actually do. Now that is definitely not a safe way to think about insurance, the thing that could keep you and your family safe in the face of tragedy, but it is the sad reality.

It may just be a poor way of thinking on the part of the average person when they decide to pass on Insurance Planning. But lets try to change that.

Why Insurance Planning?

Risk management should form the basis of any financial plan. It’s the first thing you should look at before investing — it’s critical. The easiest and most cost-effective way for most people to handle these risks is through insurance products, such as disability, life and long-term-care insurance.

That may be common knowledge, but discomfort with the subjects and the complexity of insurance products prevent many people from obtaining necessary coverage in advance of a life-changing event, according to experts. You never want to leave you and your family out to dry because you felt uncomfortable taking about things that could possibly happen.

Don’t let that be the reality for you.

What You Should Do?

You should get an insurance plan together. To keep the things in your life that you care about safe and protected. 

The Sub Prime Credit Store has an amazing Insurance Planning services. Life, Health, Home, Auto, Legal, Disability, and Renters insurance to make sure that you are properly covered in the case of a disaster.

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Debt Validation is a process of someone challenging a debt collector (collection agency or attorney) to provide written proof of the debt.

Why You Should Care About Debt Validation?

Have you ever wondered why a collection agency is legally allowed to collect your debt on behalf of the original creditor? Think of it in these terms: Even if you knew you owed Frank (original creditor) some money, and Tony (collection agency) came up to you and asked for Frank’s money – would you just hand over the cash? No. No one would. Think of this: how do you know that Tony is actually collecting for Frank? What legal documents does Tony have to prove that he is legally authorized to collect? And, are the fees and interest amounts accurate? How would Tony know?

Every time a debt turns into a collection it hurts your credit. Collection agencies like Tony don’t just handle a few debts; they deal with portfolios or bunches of accounts, which leads to lots of mistakes. And don’t think for one second that all the Tonys out their care about the consumer’s best interest. Collection agencies are notorious for collecting debts that have already been paid, debts that may not even be yours, and debts that are past the statute of limitations. Their focus is simply on collecting money from you. After all, that’s what they are getting paid for.

So What Should You Do?

So now that you see why Debt Validation is so important, you should act on the opportunity to get your debt validated. Don’t let the Tonys take what is yours without proper cause. The Sub Prime Credit Store has an amazing debt validation service, not to mention the 13 other services for you to build, repair, and maintain your credit and entire financial life. So don’t get taken advantage of. Take this opportunity.

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Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.

If you don’t have enough money to do everything you would like to do, then you can use this planning process to prioritize your spending and focus your money on the things that are most important to you. Here are some reasons you should be more focused on your personal budget and how it effects your life!

1. Keeping Your Eye On The Prize

Budget planning isn’t just going to help you in the short term, it will help you figure out and achieve your long term goals. A budget helps you figure out your long-term goals and work towards them. If you just drift aimlessly through life, tossing your money at every pretty, shiny object that happens catch your eye, how will you ever save up enough money to buy a car, take that trip to Aruba or put a down payment on a house?

2. Keeps You From Spending Money You Don’t Have

Far too many consumers spend money they don’t have and we can owe a lot of it to credit cards. As a matter of fact, the average credit card debt per household reached $8,329 in 2008, according to an April 2009 Nilson Report. However, if you create and stick to a budget, you’ll never find yourself in this precarious position. You’ll know exactly how much money you earn, how much you can afford to spend each month and how much you need to save.

3. Your Budget Can Help You Get To Retirement

Let’s say you spend your money responsibly and follow your budget to a “T”. Good for you! But aren’t you forgetting something? As important as it is to spend your money wisely today, it’s also critical to save for your future. A budget can help you do just that. It’s important to build investment contributions into your budget. If you set aside a portion of your earnings each month to donate to your IRA, 401(k) or other retirement funds, you’ll eventually build up a nice, fat nest egg. Although you may have to sacrifice a little now, it will be well worth it down the road

This may sound a little daunting, but there are resources for you to make this easier! The Sub Prime Credit Store helps you with budget planning as well as many many other services to assist with building and maintaining your financial life.

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Getting strapped for cash is the worst. But when you are in that situation, it is difficult to know what is the right route for you and your wallet. When you need to borrow money to cover an expense, you might consider a credit card or a personal loan. Deciding which is better depends on your situation. Lets weigh your options.

Why Credit Card?

• Because of their high interest rates, credit cards are best for short-term financial needs. Use a credit card only for purchases that you’ll be able to pay off by the due date, like daily expenses or monthly bills.

• You could use cash or your debit card for these same purchases, but credit cards have benefits outside of free short-term financing. Many cards come with cash or travel rewards — typically ranging from 1% to 2% of what you spend — as well as certain perks you won’t get with cash or debit.

• There are also credit card options for those people who are concerned that their bad or lack of credit could make it impossible for them to get a credit card at all. There are credit cards that are specifically designed for the people that have bad or no credit to get the things that they need when they need them.

Why A Loan?

• Personal loans are best used for longer-term financial needs. This could include things like expenses for adopting a child, starting a small business or consolidating credit card or other debt. Since personal loans typically have better interest rates than credit cards, they’re a better option if you aren’t able to pay off your balance in full monthly.

• If you’re considering using a personal loan to consolidate credit card debt, first assess how long it will take you to pay off the debt. Consolidating credit card debt with a personal loan typically makes sense only if it will take you more than six months to pay off. Otherwise, the amount of interest you’ll save will be negligible at best for the amount of effort to obtain a loan.

• There is also great variety when it comes to getting the right loan for your needs:
  • There are loans that are proven to be fast and easy to obtain, that are also perfect for people with bad credit or great credit. These loans are perfect for you if you need cash ASAP.
  •  There are loans specifically designed for people with bad credit to help them get the long term money that they need. While at the same time building their credit score.
  • There are government loan options that help people in specific situations like being a veteran or a student.

The Bottom Line

Credit cards are ideal for short-term balances that you can pay off each month, while personal loans are for medium- or long-term debt. They are both outstanding options to help you out of a tight spot. So weigh your options and get yourself the financial help that you need!

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Friendly Reminder! You Don't Have To Keep A Balance On a Credit Card To Build Credit!

It's a #myth! Busted.

Sometimes when we let others handle our books, we OUT-OF-SIGHT-OUT-OF-MIND !

With #CBB  you can always SEE your books, like a pocketbook, taking it with you where ever you go.

Try not to carry that balance around either!
Don't burn your money on interest, buddy.

The post Friendly Reminder! You Don’t Have To Keep A Balance On a Credit Card To Build Credit! It’s a #myt… appeared first on Independent Credit Solutions.

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What Is the Difference Between a Charge Card and a Credit Card?

A Credit Card is bad.
A Charge Card is good.

Well, it's more grey.

A #chargecard is like the "dog house" version of a credit card…you have to pay off the balance every month. You cannot carry a balance. Repeat for our credit heavy nation…you hold the cash – or debit and you pay the whole balance every month.

You can use a credit card like a charge card but you CAN carry a balance – and the amount you can carry is your line or credit…if you used a credit card LIKE a charge card then you can increase your line of credit…but if you pay it off every month you don't need more credit.

You might need a l o n g line of #credit for things like home loans, personal loans and car loans, though.

The post What Is the Difference Between a Charge Card and a Credit Card? A Credit Card is bad.
A Charge Ca… appeared first on Independent Credit Solutions.

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It's Men Who Are The Gold Investors and It's Women Who Are The Gold..

Men are more likely than women to invest in #gold as their #1 choice.

35% of Americans think Real Estate is smarter than Gold.

17% are all aboard the gold train.

It's a tool like #CBB  that could show the data on that one.

How do your investments pay off over-time; can you tell?

This is a picture of Pyrite, fool's gold; can you tell?

The post It’s Men Who Are The Gold Investors and It’s Women Who Are The Gold.. Men are more likely than wo… appeared first on Independent Credit Solutions.

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Some Of The Wisest Choices Come In Dreams

Tossing and turning over how to invest that tax return? Return on Investment? Return my taxes…Invest the taxes, tax the investment, vest in cement?

WAKE UP!

A Gallup Poll is in!

35% of Americans want to FIRST invest in real estate. UNLESS they are younger than 30, and are more likely to favor SAVINGS as their first choice. Visit our affiliate #hopetoown  

Looks like the millennial generation is saving for some kind of down pay… pay for somewhere to sleep… invest those taxes, tax the investment, pay to make money, make payments with mint …. zzz!

SWEET DREAMS, happy investing.

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