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The Basics For Getting A Car Loan March 30, 2011

Posted by CredZoo - Tame Your Credit in Tips For Good Credit.
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Borrowing money to buy a car isn’t hard if you have two things – sufficient income and a good credit rating.  As we showed you last time, if you qualify for a car loan with subprime credit, you are most likely, paying between $4,000 and $10,000 more over the course of the loan just for having credit score issues! So, this makes the first step for getting a car loan getting your credit repaired with CredZoo!

Things you’ll need:

  • Kelley Blue Book
  • Consumer Reports
  • Consumer Reports
  • Internet Access
  • Car Insurance
  • Car Loans
  • Kelley Blue Book
  • Consumer Reports



The Basic Steps For A Loan:

    • 1
      Choose your new set of wheels and negotiate a price with the seller
    • 2
      Research interest rates. Several Web sites, such as Bankrate.com, publish surveys of loan rates across the United States. Compare the rates with those offered by your local bank, credit union or car dealer.
    • 3
      Find out what your current car is worth as a trade-in. Research values in the Kelley Blue Book Used Car Guide, available at the library, your bank or on the Internet.
    • 4
      Determine how much of a down payment you can make. Use your trade-in value and cash – or just cash – to come up with the standard 20 percent usually required. Talk with the car dealer that has the new car you want.
    • 5
      Apply where you find the best rates, and the length of the loan and monthly payment fit your budget.
    • 6
      Consider saving more for a down payment or choosing a less expensive car if you don’t qualify.
    • 7
      Build a better credit rating if that’s what causes you to be turned down. Try again after six months of paying your bills on time.

(Thanks To EHow.Com)

When Credit Is Truly Needed February 3, 2011

Posted by Chance Daily in About CredZoo.
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Credit plays an important role in our lives and most of us take it for granted.  We tend to over spend, run up our credit cards and then complain about the high rates and the predictable consequences of our actions.

We live in a world where we’re constantly bombarded by ads and media messages creating this illusion of need that fosters our desire for instant gratification.  The average American sees over 3,000 advertising messages each day. Most of them conveying the message that we need to “buy” to be happy. So what do we do? We buy and we use credit unwisely.

What we should be doing is guarding the available credit that we have for those true emergencies we ultimately will face in life.

Almost every day we hear of some disaster that has afflicted some part of our world from Hurricanes in Florida to massive floods in Europe and now Australia.  We see these events and think that couldn’t happen to us; but the truth of the matter is that it very easily could! That’s when your Credit life line could become invaluable to you.  Think of the people that have had to suffer through some of these events who had little or no credit available to them.  What means could they use to secure transportation? Food? Or even materials to repair when no banks or ATM’s are accessible.

While your credit alone cannot save you in a dire situation, it can give you more options. This alone can be of immense help.

We all need to protect our credit, and if you have less than stellar credit you might want to consider learning how you might improve you credit situation today.  CredZoo works with people every day to improve their Credit life line.

What A Credit Repair Company Can Do For You February 1, 2011

Posted by Chance Daily in New Credit Information.
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Most people have a vague idea on what their credit scores are based: how they’ve paid their bills.  But the truth is much more complicated than that; especially when it comes to bad or incorrect information on credit reports.  Unfortunately most people have no idea that their creditors pay the credit bureaus to put bad marks in their credit file. Creditors are not held highly accountable to remove bad marks even when it’s free for them to do so!

Under the Fair Credit Reporting Act it is left up to the consumer to check and correct any incorrect entries.  This is something you can certainly do if you already know how to talk to the Credit Bureaus and what exactly to put in your dispute.  The problem is that if it isn’t done correctly the credit bureaus will simply ignore your dispute!

Credit repair companies have built their business on knowing how to dispute incorrect information on credit reports and knowing the rules which credit bureaus, creditors and state agencies follow to remove incorrect information on credit reports.

When you choose a Credit Restoration company you’re enlisting a team of industry professionals that can make sure that your credit report will reflect the proper picture of your current credit status. Items which should no longer be reported will come off and your credit picture will improve. This information can include late payments, bankruptcies and judgments.

When looking for a Credit Repair company, be sure to choose one that is a Member of the National Association of Credit Organizations. You can learn more about Credit Repair by visiting CredZoo.org and by following CredZoo’s blog, right here at credzoo.wordpress.com!