Instant Credit Card Approval - Fast and Easy?

In the days before computers, you use to have to apply for credit cards in person at banks and retail establishments or by snail mail. Today, the Internet opens many doors for people, including applying for an instant approval credit card online. Even if computers are intimidating, you will find it fast and easy to apply online. Online applications are relatively simple, easy to use and require little information.

Computer-Friendly

Home Line Of Credit

You don't have to be a computer guru to take advantage of the instant credit card approval process. As long you know the basics about using the Internet, you are well equipped to getting approved.

Instant Credit Card Approval - Fast and Easy?

Whether you find an instant credit card approval using the major search engines or you receive a mail offer through email or postal services, you must first get to the instant approval credit cards web site. Once there, most card companies keep it simple, guiding you through the entire process, which is unbelievably short. In fact, you may find areas on the Internet that provide an easy way for you to compare similar card offers. Use this function to your advantage, ensuring that you get the best instant approval credit cards available before applying.

Easy To Complete

Once you've narrowed down and selected one out of hundreds of instant approval credit cards, the rest is easy. You'll only need to supply basic information - your name, address, phone number and place of employment and social security number. You might also be asked for a previous address if you've lived at your present home for a short time. Sometimes, the instant credit card approval will ask for the number of years you worked, as well as your gross monthly household income. And lastly, your social security number is required in order for the credit card company or bank to check your credit report. Credit card issuers base their approval on your credit report and FICO score.

Before pushing the "submit" button, be sure to read all terms and conditions of the card. You wouldn't want to unnecessarily have an inquiry on your credit report, as this can lower your FICO score and inhibit you if you decide to apply for other instant approval credit cards.

Approvals Made Fast

If you've completed all required information and have good credit, then there's not much left for you to do. You can expect instant credit card approval. Notification will be processed within 30 seconds or a couple of minutes either through the web site or sent to you via email.

If you don't have good credit or you're not sure where you stand, then applying for an instant approval credit card online may not be as simple. Your application could be rejected. If this is the case, then speak to a credit card representative to find out why. They may be able to offer assistance that could lead to you getting instant credit card approval after all. It doesn't hurt to ask. Often times they may just want you to provide additional information. Although the instant credit card approval process has been slowed a bit, if approved, you will still get a card much faster than the traditional method.

Instant Credit

Now that you've been approved, your new instant credit cards will be in the mail delivered to your home in a matter of days. Depending on where you received your approval, you may also get instant access to your credit line. Some credit card issues provide you with your credit card number and expiration date to use right away for online purchases.

See how simple it is? All in the same day, even the same hour, you can 1) apply for an instant approval credit card online, 2) receive instant notification that you are approved and 3) start making purchases. What are you waiting for? Get your instant approval credit card online today!

Instant Credit Card Approval - Fast and Easy?

What Credit Score Do I Need to Buy a House?

With so much talk about the credit crunch and so called sub prime if you are wanting to buy a house your credit score has never been so important.

As a direct result of the credit squeeze, mortgage lenders have had to tighten their lending criteria significantly meaning that they now are paying much more attention to a the credit scores of borrowers before issuing home loans.

Home Line Of Credit

What credit score do I need to buy a house?

What Credit Score Do I Need to Buy a House?

It is hard to say exactly. Much will depend on the specific lender in question as well as the amount of finance you need and the size of you down payment or deposit. What is certain is that the better the credit score the easier you will find it to get finance. In addition a better credit score will also mean you will be able to get cheaper finance on your home loan, meaning you monthly repayments will be minimized.

The average credit score in America is about 690. If you have a score higher than this then you should have no problems landing a competitive mortgage deal. If you have a credit score of lower than this then you will most likely still be able to find finance but it will be more expensive with a higher interest rate. If this is the case it is crucial you try to improve your credit score.

Ways to raise you credit score

# 1 The first and most obvious step is to try to ensure you pay all of your bills on time This should help prevent your score deteriorating anymore and over time will help it rise. Ensure you do not miss any monthly payments.

# 2 If you have any surplus income consider overpaying some of your debts. Start with the most expensive (the ones with the highest rates of interest). Over paying debts will improve the ratio between the amount of debt you have and your credit limits. Improving this ratio will greatly improve your credit score.

# Try to avoid any unnecessary debts. Buying a home is a big financial commitment. Be sure to wait until you have moved in and found the mortgage repayments are affordable before taking on any other additional debts.

What Credit Score Do I Need to Buy a House?

A Wells Fargo Home Equity Line Of Credit - What You Really Need To Know

Have you taken the opportunity to look closer at a Wells Fargo home equity line of credit recently? This revolving credit line that homeowners can tap into has some pretty good features. Here's a closer look at what Wells Fargo is doing.

A home equity line of credit is similar to a loan with the main difference being that you can take out funds at any time up to the total amount of the credit line.

Home Line Of Credit

This is better than a loan in many cases because you are only using what you need instead of taking out a big lump sum. Wells Fargo home equity lines of credit make it possible to only have to use your money when you really want to.

A Wells Fargo Home Equity Line Of Credit - What You Really Need To Know

Naturally, what you use the money for is completely up to you. Many use it to pay off high interest debt, medical bills or a home improvement project to further increase the value of their home.

Wells Fargo offers a wide array of convenient options in gaining access to your funds. It can be through your checking account, ATM, Wells Fargo credit card, or simply by visiting your local branch bank.

This type of home equity line of credit being offered by Wells Fargo has a standard 10 year open credit period. After that time your repayment begins.

Funds that you take out of your HELOC may be paid back with small minimum payments or in some cases it can simply be an interest only payment.

Depending on the Wells Fargo plan and size of the credit line, payments can be stretched out for as long as 30 years after the credit period ends.

As with most home equity loans or lines of credit, interest rates are based on the Prime Lending Rate at the time of your loan. Since this is a line of credit, your rate will be variable, meaning it can go up or down. This is something to consider before taking out a HELOC.

A Wells Fargo home equity line of credit, like any other credit line, will have certain fees involved when signing up. These fees can include appraisal fees, loan fees and others as well. It really depends on the type of loan and your credit history.

If you are looking at setting up a home equity line of credit you will want to take a good look at what Wells Fargo has to offer.

A Wells Fargo Home Equity Line Of Credit - What You Really Need To Know

A Credit Card For People With Bad Credit - $10,000 Guaranteed Starting Credit Line

The recent financial crunch has caused many would be credit issuers to tighten up on approvals for those consumer applicants with less than perfect credit. Even new credit seekers who do not have poor FICO scores, but also have not had the opportunity to establish a good credit profile as of yet are being turned away and treated as high risk applicants.

The problem for people who fall into either of these categories is that they have a legitimate need to either establish or re-establish their good credit profile and raise their FICO score, however without easy access to credit card approvals their ability to accomplish this necessary task is extremely difficult. Ironically, it's these same card issuers who would like their applicants to have established solid credit histories who will not approve them in the beginning to help them prove that they are worthy of a new card approval. This vicious credit circle affects over half of the households in American today.

Home Line Of Credit

A few companies have recently stepped in to fill the credit needs of this growing consumer segment and offer instant online approval credit cards for people with bad credit or no credit history at all. These credit providers will typically issue new credit cards without a credit check and regardless of the applicants past or present credit history. Some of these cards are issued as major brand logo credit cards, prepaid debit cards, secured credit cards and online catalog shopping cards which allow the card holder to purchase household and gift items from the credit grantors web based store.

A Credit Card For People With Bad Credit - ,000 Guaranteed Starting Credit Line

One such card offered with no credit check is a new Platinum Card that boasts a huge beginning limit of ,000 for all of its approved applicants, even those with poor credit or no history at all. As long as the applicant is at least 18 years of age and has a valid U.S. checking or savings account, the applicant will be approved. The Platinum Card also features 0 % interest on any unpaid balance and there is no employment verification required for approval. The card does require a minimal initial membership fee, however once the new member is approved, the card issues each user a whopping ,500 bonus to use towards unpaid balances in addition to the generous starting limit of ,000.

For consumers who are having trouble getting approved for a traditional credit card with strict income and employment requirements, this particular card for people with bad credit may be a valuable option to acquire a high limit credit card with no credit checks or employment verification.

A Credit Card For People With Bad Credit - ,000 Guaranteed Starting Credit Line

How Does Foreclosure Impact Your Credit Report?

How does a foreclosure effect your credit report is a perplexing question. This is because Fair-Isaac Company, who started the credit scoring system, will not share this information. What complicates the issue even further is that all the credit information reported is calculated into the individuals' credit score as it occurs. The credit score is updated instantly whenever there is an inquiry, otherwise it sits waiting for some person or institution to access it.

To get negative information on your credit report concerning a foreclosure, the homeowner must not have paid his mortgage or loan payment for 30 to 90 days. So to begin with, his score is decreased by the late payments. Usually, the homeowner is also late on other bills because of his financial crisis and has additional late payments, collections, or judgments. So if he had his credit pulled on a specific date before he started his personal financial decline, he would have seen one score (i.e. 680). The next time he pulls his credit report, after he has been served with his foreclosure notice or even after the foreclosure is completed; he sees his new score (i.e. 450). He is probably shocked and dismayed, especially when he realizes how much more interest the lenders want because of his low credit score. For example, an auto loan to an "A+" credit customer could be 0% interest while for a "D" credit customer, it could be 11% or higher. What does that actually mean? It means that the "D" credit individual will pay ,500 to ,000 more for the same car as the "A" credit buyer! The collateral for the loan is the same car, so the "D" credit person is unfairly penalized for his credit situation.

Home Line Of Credit

Your credit score "before and after" the foreclosure is no conclusive answer as to how much the foreclosure has hurt your credit report, but it is an indication. Homeowners tend to believe that once they have had a foreclosure they can never buy a home again. This is absolutely untrue, as we see people buying homes within a year of losing their previous home. They will have to pay a higher interest rate unless their down payment is substantial, usually 15% to 20% of the purchase price. But this sizable down payment is often obtained from friends or family members and carried as a second lien on the property. Also the credit score reduction for the foreclosure is reduced as time goes on, until it settles at a minimal number after a few years.

How Does Foreclosure Impact Your Credit Report?

The foreclosure's immediate impact on an individual's credit report is estimated to be about 100 to 140 points. The bigger impact is from the late payments on other bills which quickly mount up. Doing a "deed in Lieu of Foreclosure" with the lender reports the same as a foreclosure. It is generally believed that a foreclosure stays on your credit report for seven years, but it can stay on longer because it is part of the public record, which could be open for 20 years. So make certain when you do your credit restoration you have it taken off, if it isn't removed automatically.

How Does Foreclosure Impact Your Credit Report?

Is a Home Equity Line Of Credit Tax Deductible?

Many people invest in real estate by making a full upfront payment, but are not financially sound enough to renovate or refurbish it. These people can avail of a personal loan against their property with a home equity line of credit or HELOC. A HELOC offers a higher loan amount than other similar loans based on the credit limit of the borrower.

A HELOC allows a borrower to explore the extent of credit obtainable from lenders. Repayments have to be made every month, along with the interest that could be tax- deductible. There are limitations on the deductions on the personal tax returns for the interest paid on HELOC. Only that part of the interest on debt can be deducted, which cannot exceed the value of the collateral on a home and has to be less than 0,000.

Home Line Of Credit

If the borrower makes the real estate investment as a corporate entity, then deductions in the form of the business interest expenses can be expensed. This transaction needs to be reflected on personal returns. It must be documented in writing and should be within the limits of normal business transactions. Customers need to consult their tax consultants and advisors on the legality involved in order to save on tax.

Is a Home Equity Line Of Credit Tax Deductible?

Financial consultants will give advice on planned tax-breaks regarding HELOC. The interest deduction is not a dollar-for-dollar reduction of the taxes. It is only a percentage. The deductions may not be as valuable due to the declining tax rates. If the adjusted overall income is high enough, the phase-out for itemized deductions may prevent the borrower from taking a full deduction. Advisors warn against choosing a HELOC simply for the benefit of tax deduction, as many other deals also provide similar tax advantages.

Is a Home Equity Line Of Credit Tax Deductible?

3 Ways to Improve Your Credit Score by 50 Points In Less Than 30 Days

In Less Than 30 Days.

"What can you do to increase that set of three numbers on your credit report that can be so important with your financing?"

Home Line Of Credit

I came across this question as I was surfing discussion groups the other day. Check out my answer:

3 Ways to Improve Your Credit Score by 50 Points In Less Than 30 Days

Dear Friend,

Here are 3 steps I used to take my credit score from 592 (horrible credit) to 762 (perfect credit) almost overnight. If you're interested in improving your credit rating quickly, you'll find this story helpful:

In 1995 I made a decision that would ruin my perfect credit history. I quit my salary job to become an insurance salesman. The job paid commission only. Within a few months I lost everything - house, car, credit rating and my self respect.

By the end of 1996 I was living with my mom, all my credit accounts were severely past due, and I was paying 22% interest on a broke-down green Geo Storm...I was a real loser.

Then, in 1997, I became a banker. I didn't know it at the time, but this would turn out to be the break I needed to eliminate my credit problems forever.

During my seven years as a banker, I came across several legal and highly effective ways to improve my credit rating. As a result, I was able to increase my credit scores by an average of 170 points.

Here's what I did:

Step #1: After spending hundreds of dollars on credit repair services that didn't work, I found out how to get negative accounts removed on my own.

Basically, I wrote letters to the collection agencies requesting proof that the accounts were mine. 89% of the time they had no proof that the bad accounts belonged to me. So I was able to get them deleted from my credit file.

Step #2: I opened new accounts with high credit limits and kept the balances low.

I discovered that if you keep your available credit limits high and only use 10% to 30% of the credit you have available, your credit score will improve dramatically.

Step #3: Next, I added accounts with years of perfect payment history to my credit file. This step took my credit score from 647 to 762.

While you can certainly add seasoned accounts to your credit file for free, there are companies that claim they can do it for a fee.

The problem is, they charge between ,000 and ,500 per account. If you want a 700+ credit score you'll need 3 to 4 of these accounts. That equates to a cost of ,000 to ,000.

(You can conduct a search on your favorite search engine for companies that offer this service.)

While there are several highly effective steps you can take to increase your credit scores by as much as 200 points, these are the main ones...And here's the good news: Each step can be completed in less than 30 days.

3 Ways to Improve Your Credit Score by 50 Points In Less Than 30 Days

Advantages and Disadvantages of Credit cards

Credit Card is an Automatic advanced card, when you used it, you can get the goods you bought without paying for it yet. Credit cards are a widely used source of convenient credit for restaurants, hotels, mail order, on-line shopping, gasoline stations, grocery stores, dental and medical care, church bazaars, as well as telephone and television advertised products. There are many advantages and disadvantages of using credit cards, but the consequences of misuse can be drastic and painful.

Advantages

Home Line Of Credit

Credit cards eliminate the need to carry large sums of cash

If you are away from home without cash, you often can receive a cash advance or have the option of buying traveler's checks with a credit card

Places that are suspicious of personal checks often take credit cards.

Credit cards act as a short-term loan if you find something that is a bargain and haven't the cash or balance in your checking account to pay for it.

If you move to a new place, credit cards give you purchasing power until you establish yourself as a good risk in a new community.

If you charge an item or service that costs or more in Colorado (or within 100 miles of your home) and later discover it doesn't work or has other problems, you can withhold payment from the credit card company if you have attempted to resolve the problem with the merchant.

You often get the best rates of exchange when traveling in foreign countries if you use your credit card for purchases and your ATM card to get cash. Check with your card issuers about surcharges before you leave on your trip. A two to three percent surcharge may eliminate this advantage.

Credit cards can help coordinate receipts for tax purposes.

Bookkeeping is reduced to one monthly bill as opposed to checks.

Disadvantages

Some people have been swindled by giving their credit card numbers to dishonest salespeople over the phone.

It becomes a loan when the credit becomes due and you do not pay for it.

Adding monthly interest charges means you pay more for the goods and services.

Consumers often have more than one credit card and each one has a credit limit. When the credit limits for all cards are added up, the total can be in the thousands of dollars. Consumers can fall into the habit of using credit cards to extend their income.

Credit cards are easier to use than applying for loans even when a loan from a credit union, bank or other financial institution may provide the funds at a lower interest rate.

Advantages and Disadvantages of Credit cards

Mobile Home Equity Loans - Can You Get a Home Equity Loan or Line of Credit on Your Mobile Home?

You may have heard that mobile homes depreciate over time. While this can be true, it is important to understand that some mobile homes actually increase in value. The key is to build your mobile home on a fixed foundation. Mobile homes on fixed foundations are homes that increase in value over time unlike mobile homes that are not on fixed foundations. If you own a mobile home placed on such a foundation, you will accumulate equity every time you make a payment on your mortgage. After several years of paying on your mortgage, you just may have amassed an impressive amount of equity.

Equity is often used as collateral for a loan. There are a multitude of reasons why people take out equity loans. If you need a loan for a big-ticket purchase such as a car or a college education, an equity loan is a good idea. Some people use equity loans to consolidate their bills and pay off debts. Still others use equity loans to make home improvements. No matter why you want or need an equity loan, it is likely you can get one if you have adequate capital accumulated in your fixed foundation mobile home.

Home Line Of Credit

The key is to find the right home equity lender. While you could check with the original lender who got you your mortgage, you may not want to do that. Your best bet would be to shop around with a variety of different companies to find the most attractive loan program. Websites such as Lending Tree make it easy to compare loans from different lenders. You simply submit one application and receive offers and quotes from multiple institutions. You might also want to call around to lenders found in your local Yellow Pages. There are even companies who specialize in home equity loans. These companies usually offer better rates than a traditional bank or credit union can offer. Comparison shopping can help you find the best home equity loan possible to meet your financial needs.

Mobile Home Equity Loans - Can You Get a Home Equity Loan or Line of Credit on Your Mobile Home?

Get Credit Cards For Bad Credit With No Deposit Required

Are you in need of a new credit card but don't wish to make a deposit as is often required? Finding credit cards for bad credit with no deposit required can often be difficult, but if you know where to look there are offers that can help you avoid putting money down as collateral. Let's explore some of the basics on how to find these credit cards and how to avoid a deposit.

When it comes to credit cards for people with bad credit there are a couple options that are traditionally offered, and it is important to know the difference to avoid any up front deposits for approval. Generally, when your credit rating is extremely bad, you are reduced in options to either prepaid credit card offers and bad credit cards. Let us explore the difference between the two and find out where to find the best offer for your situation.

Home Line Of Credit

When searching online, prepaid credit cards for bad credit are a very common program that are easy to get approved for and do not require much in the way of a good credit history. These prepaid credit cards can provide easy approvals because they require you to fund, or deposit, cash into the account as collateral into the account before you are able to use them. These card offers are also sometimes called secured cards because of the requirement of up front deposits to offset the risks.

Some consumers stop their search for credit cards for bad credit with no deposit required right there, thinking there are no other alternative programs offered.

With a more in depth search one can also find that there are bad credit cards that offer programs that will fund that deposit directly from the credit line you get approved for, thereby making them no deposit credit offers for bad credit. Let us look at how these offers work.

These no deposit credit card offers will approve you for a credit line and instead of requiring a deposit will begin your credit line with this amount deducted from your total credit limit. In this way they can offset the higher risk of approval but still provide you with a credit card for bad credit with no deposit required. When faced with few other available options, this program can often provide the second chance required for you to reestablish a good credit history.

In summary, to find the credit cards with no deposit, you need to confine you search to programs that offer unsecured credit lines for people with bad credit. Secured cards and prepaid cards inherently require the deposit you are looking to avoid. Remember to maintain on time payments with your new credit card as there is no substitute for improving your credit score and the benefits that come from your rebuilt good credit history

Get Credit Cards For Bad Credit With No Deposit Required