| Bills.com CEO Suggests Steps to Build Good Credit in Tight Credit Market
6 ways individuals can establish a positive credit history. San Mateo, CA (PRWEB) November 7, 2007 -- In today's tight credit market, the idea of having no credit history seems almost as bad as having skeletons in a consumer's credit report closet -- but Brad Stroh, co-founder and co-CEO of free online consumer portal Bills.com (www.bills.com), reassures consumers that it is possible to establish a solid credit history. "Most creditors look at an individual's credit (or FICO) score, which typically ranges between 300 and 850, to help determine the likelihood that the person will repay debts," Stroh said. "If you do not have a credit score because you have not established credit yet, the good news is that you probably are not haunted by an array of unpaid debt.
Credit freeze can head off identity theft
IT COULD happen to you. Somebody swipes your Social Security number, then uses it to open a credit card in your name. Before you know it, you've become a victim of identity theft and have a pile of bills for things you didn't buy. Orinda resident Sylvia Coates has found a way to prevent that unpleasant scenario from happening by freezing her credit reports. "I can't tell you how wonderful it is. I think it is the only foolproof way," she said. Coates applied for a credit freeze soon after that option become available in California in 2003, thanks to passage of a state law that requires credit reporting bureaus to let consumers initiate a credit freeze. Having a credit freeze means that access to your credit reports and credit scores cannot be shared with potential creditors or lenders unless you give permission.
Easy Steps to Improve Your Credit Score
(ARA) - Your credit score affects what type of interest rates you get on credit cards or for buying a house or car, as well as your approvals for employment or apartment rental. It's important that you understand not only what your score means, but how to repair it.Now you can get your credit score online.By viewing your credit activity on a regular basis you can remove any items that may not belong to you, which can negatively affect your score. If you have a low credit score due to detrimental items that need to be removed or fixed, there are steps you can take to remove them.GoFreeCredit.com teaches you how to manage your credit report and how to deal with credit bureaus and creditors. Credit monitoring, automatic notification of credit activity and a detailed personal analysis are all included in this online service.Many times people don't realize there is negative activity on their credit report.
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