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Government Free Credit Score – Fact or Fiction?

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Government Free Credit Score – Fact or Fiction?
Possible you may have already heard about the new government mandate concerning citizens being able to obtain a free credit report.
But have you heard about a ‘government free credit score? There are persons who think that the government actually facilitates free calculation of the credit score, but this is not the case.
What the government actually does is to provide interested persons with access to their free credit report, but not the actual credit score.
To obtain the credit score you will be required to shell out the bucks.
A credit score is important whether we like to acknowledge it or not.
A person’s credit score does define the person and in the making of financial decisions, you are basically your score.
There is just no way around it, as this information is the most sought after information when applying for loans or applying for corporate or government jobs.
Your credit report is actually also rather crucial as it allows you to determine how you are doing financially.
The credit report does explain your current score, how it came to be and what caused it to be where it is.
You are able to see clearly the various factors which contributed to your score such as; credit card limits, payment history, debt, number of applications for credit and other related factors.
However, if you don’t want to read through pages of information just to know your financials standing then the credit score will provide you with an immediate understanding of your financial status.
Not to worry, there are actually ways and means of getting a free credit score, though I use the word ‘free’ rather loosely.
There are sits which will offer a ‘free trial’ period within which you can access your credit report and score free of cost.
However, when this period is over you will be required to pay for further information.
Yes, generating credit scores and reports do cost money and someone has to ‘foot the bill’, some time or the other.
If you choose to go the route of the free trial, upon registering and supplying the relevant information, you will receive a detailed report along with you much awaited credit score.
You will also automatically have started a credit monitoring system; this system will be on the alert for the signs of identity theft and other financial risks.
Identity theft is always best handled if stopped before it has actually started, as persons who have been victims of such criminality will agree.
Being on the alert for tell-tale signs can easily allow you to stop a problem before it has begun.
So making use of these free reports and credit scores is a good way to protecting your financial well being by guarding it from fraudulent activities.
In order to see the total picture clearly, most persons opt to combine the government free credit report along with the free credit score which they are able to access through the trial period on many websites – as there is no such thing as a government free credit score.
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Guaranteed Auto Financing – Fact or Fiction?

In today’s challenging economy, rising unemployment has meant that many people have found themselves unable to meet their family’s financial needs. Unemployment and inadequate cash flow can damage anybody’s credit reputation. With a bad credit history, your reputation in the financial marketplace becomes questionable, especially when it comes to finding a car loan. However, enter ‘guaranteed’ auto financing to the rescue of those who face these types of financial challenges. Many reputable financial institutions now appreciate that many people are struggling to make ends meet and so have responded by offering different guaranteed auto financing packages to suit various personal situations.

These days it is not necessary to have a perfect credit rating to get a loan and so most people can access car loans even with a bad credit history and irrespective to the size of their income. Of course, guaranteed auto financing is never actually 100% guaranteed. However, several lending institutions now offer bad credit auto loans and with careful research, it’s easy to learn how to improve your likelihood of acceptance.

There is stiff competition amongst lenders in the car financing market. Every dealer tries to please their customers in order to achieve more deals. There are lenders who are specialists in handling particular kinds of credit situations and these lenders can assist you get a loan with sensible terms. Bear in mind that a few dealers might reject your application. However, most lenders will be well informed enough to be able to help you get the loan. Therefore, spend some time researching online to find lenders who are will be able to finance your present economic condition.

Preparing Your Guaranteed Auto Financing Application

Knowing how to approach auto financing lenders is important. Do not give a lot of dealers accesses to your credit history because the more people that inquire into your credit, the worse it looks to the one giving you loan (they are able to see how many times your credit record has been accessed). For that reason you may want to obtain your own copy of your credit report. By understanding this report you should be able to match it to the type of auto financing lender you are considering.

Try not to let every other person know about your credit details. Only talk about it with people who you trust and who are willing to guide you. When you are meeting a lender to arrange guaranteed auto financing, make sure that the person that accesses your credit report is actually the dealer who is selling you the car of your choice. Otherwise allowing to many parties access to your report might end up hurting your credit record.

Repairing Credit History via Auto Loan Repayments
Like any loan, guaranteed auto financing depends upon being able to pay the installments consistently on a weekly or monthly basis. If you are able to demonstrate that you can repay a loan without missing a payment, then your credit rating will improve. However, note that guaranteed auto financing lenders sometimes tend NOT to report your credit to the credit bureaus, so it can be hard to build up a good reputation using this type of loan. It is also worth noting that the loan term for guaranteed auto financing is often short and is typically for purchasing a used car.

Do your research and think carefully before approaching a guaranteed auto financing company. Know that there are ways to obtain car financing if you have a bad credit rating using guaranteed loans – but tread carefully. Finally do not forget that you can trade-in a used car and this can help you to negotiate a lower interest rates.

Learn more about how guaranteed auto financing can help you purchase the car you want, and how it can also repair poor credit. Applying for car finance using guaranteed auto financing loans can be a useful option for anyone looking for a way to finance their auto purchase, especially if they have a poor credit history.

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