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Home > > 0 % balance transfer-12 months

0 % balance transfer-12 months

The first time I heard the term FICO, I had no idea of it's meaning. Simply put, it's your credit score.

A California-based company called Fair Isaac Corporation first developed FICO. FICO scores place a value on the types of accounts you hold and your credit history. The FICO scoring scale ranges from 300 to 850. The majority of people in the United States have FICO scores over 600.There are several factors that determine your FICO credit score. First, your payment history—this counts for a whooping 35%--the most of any other factor. If you pay your bills on % transfer-12 0 balance months time, you are scored as great, but if you pay your bills late on a consistent basis you are scored as bad. And if you are referred to a collection agency, this is even worse, and if you declare bankruptcy, this the worst rating of all.The second factor taken into consideration for your FICO score is exactly how much money you owe, as well as the amount of credit that is currently available to you. They will add up all of your outstanding loans, such as car loans, mortgages, and even school loans and then compare that number to your annual salary. Then, they will add up the amount of credit available to you, and compare it to what you’re currently using. People that use all of their available credit (for example, if all of your credit cards are maxed out) will rate lower than those who don’t. These factors are worth 30%.The third factor is how long is your credit history. The longer you have had credit, the higher your FICO score will be. In addition, if you’ve had a long-standing credit agreement with one party, you’ll do even better on this aspect of the scoring process. This third factor counts as 15% toward you final score.The fourth factor taken into consideration is the type of credit mix that you have. For example, do you have only unsecured credit loans (high risk), or do you also have some solid secured loans such as mortgages and automobile loans? People with a good mix of credit have higher FICO scores. This fourth factor counts only 10%.The last factor 0 % balance transfer-12 months in the rating is the amount of new loan or credit card applications that you have filled out. If you have filled out a lot recently, this will hurt your score because it puts lenders “on alert” that something may be wrong0 % balance transfer-12 months . This part of the score is worth 10%.Lenders will typically look at employment, income, length at current residence, and marital status, but your FICO score will not be affected by these factors. Having a bad FICO score should scare anyone who plans on borrowing money for the future. If you do have a low FICO score, this could mean high interest rates, extra mortgage insurance when buying a home, or in some cases denial of the loan.It’s a good bad idea to get a copy of your credit report 6-12 months before applying for a large loan, so you can look over your history to make sure that there are no discrepancies. If you do find inaccuracies, contact the Credit Reporting Agency in writing; they have 30 days to investigate it, and then correct it if they find truth to your claims. You should also ask for a revised credit report; they are required by law to supply you with one if an inaccuracy is found and corrected.2

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DID YOU KNOW?

Starting a business of real estate investing - whether you work out of an office or a 'home based business' you run out of a corner of your bedroom, you can drastically change your life, and your income in as little as 10 hours per week - all through a very simple plan of real estate investing.

It is possible to become successful in real estate investing in a short time and, even when starting a business of real estate investing, you can find the time without crimping your current lifestyle!

Starting a business of real estate investing with a simple plan.

1. Groundwork of your simple plan is crucial when starting a business of real estate investing.

I know, it is easy to say - and the truth is, it is easy to do! Most people get stopped when starting a business of real estate investing because they simply FAIL to plan. That's right, it isn't because their plan didn't work, it was because they did not implement even a very simple plan!

To be successful in real estate investing, first find someone else that is successful in real estate investing, watch them, interview them, find out everything you can about what they did when starting a business - and write up a simple plan of what they have done to be successful in their real estate investing - something that you can follow each day.

In order to have what they have, you need to do what they do, so find out what percentage of their day is spent on the telephone, for instance.

Find out how much of that time is spent on making calls, receiving calls and the type of calls they are (Customer Service, making deals, etc.)

That gives you a good idea of what your total time should look like, when you are starting a business of real estate investing of your own.

2. The next step in developing your simple plan as you are starting a business of real estate investing is to divide your total time (10 hours per week is a great start) just like your successful mentor does.

Even if they put in a hundred hours per week, they still divide their time, just like you will, once you begin working your simple plan.

The 'secret to success' isn't in the hours - it is how you spend them!

Follow the simple plan outlined here to make the most of your hours and get the most out of everything as you are starting a business of real estate investing with a plan of success.

If your mentor spends 1/10th of their time making outgoing phone calls to find new business, then you need to spend 1/10th of the time you dedicate to your real estate investing business doing the same thing, a pretty simple plan, huh?

3. Set your Goals.

A clear destination is something you always do when starting out on vacation, isn't it?

Then have the same thing in mind when you are starting a business of real estate investing.

Every successful person says to have a goal in mind so you know where you are going, and our simple plan gives you the steps to get there!

A goal is crucial in anything, and certainly when starting a business of real estate investing.

Without a destination (a specific income amount, a personal item like a car or boat, or simply an amount set aside in savings), how will you know if you ever arrived?

4. Track your progress.

You have your goal in mind, and a simple plan to begin. It is time to get into your 10 hours per week program and 'backtrack' to create a clear and simple plan to follow.

Take your goal (a clear date of completion and 'destination'), divide it out and chart the required progress each day, week, month and/or year to quickly know what is required to reach your destination.

Follow your progress each day to know quickly if you are sticking to your original goal destination, or if you are ahead or behind schedule.

As you are starting a business of real estate investing, you will likely come across some detours, that's OK (and where many people get lost... Do not!)

When driving, if you find a road that is blocked or a path that seems impassible, you simply find another way around, right?

The same is true when starting a business of real estate investing, just find another way.

Include in your simple plan a few hours here/there just for such 'emergencies'.

If you have no emergencies, do something else that will get you closer to your destination, or just relax and enjoy where you are.

5. Spend time ON your business, not only IN your business.

In your simple plan for starting a business of real estate investing, you must set aside part of your working time to plan, set goals, promote and advertise your business, not simply work along in your business, doing the things you do.

In today's world, when starting a business of real estate investing, you will most likely have a website. You need to spend a certain portion of your time (even 10 hours per week total) on getting more visitors to that website. The more people that see what you have to offer, the quicker your business will grow.

You could spend time driving from house to house, telling everyone about your website (not a very simple plan for your time!), or you can maximize your time by writing articles about your business and post them online where many people will see them (many online services promote articles).

This is often overlooked by people as they are starting a business of real estate investing, and one of the reasons they fail to make their simple plan.

As your business grows over time, you will do less of this (but never stop!) and begin to work your simple plan toward the 'IN your business' phase.

6. Give excellent Customer Service.

It never pays to make your customers angry. An upset customer will kill more business than you can imagine. Find a way to work with them, or simply give them their money back.

Losing customers is something you cannot afford when you are starting a business of real estate investing!

Many people simply don't make the time to provide quality service to their customers. Do not let that happen to you!

A little up front planning and goal setting, then follow-through each week, then simply repeat the process.

You will change your business from flat to cash in a short amount of time!

Follow the steps above and it can be done in as much or as little time as you have.

When starting a business of real estate investing, if you follow the simple plan I have outlined here, you are already a success!

Top Ten Tips.....

1. Consider buying an old, inexpensive house & modernizing it yourself.

2. Check firms that build the house's exterior and you do the inside work.

3. Give thought to living in a mobile home or modular housing.

4. You can save substantially by learning how to conserve home energy.

5. Insulate your home yourself & you may be entitled to a large tax credit.

6. Use solar energy in your home & reduce conventional energy expenses.

7. Pay property insurance premiums annually for substantial savings.

8. Moving costs may be tax deductible, if it was done for business reasons.

9. If necessary, add extra rooms instead of looking for a larger house.

10. Keep your home in good condition. It will insure top money when selling.

How to save on home repair bills.....

11. Practice preventable maintenance. Take good care of what you have.

12. Get an illustrated manual & learn to repair most common problems yourself.

13. When needed, ask friends & neighbors whom they recommend for repair work.

14. Always get competitive bids for larger repair jobs.

15. Before hiring a firm, ask for names of their customers you can contact.

16. If a loan is required for repairs, shop round for lowest interest rates.

17. Borrow money for the shortest period possible.

18. Use reputable firms. Check with Better Business Bureau if necessary.

19. Establish a good trusting relationship with a reliable repair service.

20. Get a signed cost estimate before repair work is started.

Where to find the best home bargains.....

21. Discount stores.

22. Auctions.

23. Catalog stores.

24. Garage sales.

25. Flea markets.

26. Thrift stores.

27. Classified ads. (You'll get a better bargain from private owner, than from a store).

28. Sales and clearances of reputable stores.

29. Look for "floor samples" and "demonstrator's models

30. Shop for discontinued models and "slightly damaged" merchandise.

31. Buy "unclaimed" and "repossessed" furniture at warehouse sales.

32. Buy unpainted furniture and finish it yourself.

33. Try to buy wholesale. Some manufacturers have, "wholesale outlets". 34. Consider working a swap with friends, relatives, neighbors.

How to buy furniture, appliances, and furnishings intelligently.......

35. Before you buy, ask yourself, "Do I really need it?"

36. Shop around before you decide. Become an expert comparison shopper.

37. Ask around. Talk to others and ask their experiences, suggestions.

38. Go to the local library and read. Check out recent articles on the subject.

39. Is the merchant reliable in case you have any problems later?

40. Never sign contracts or agreements until you know what you are signing.

41. If you buy on credit, keep a written record of your spending in your wallet.

42. Use charge cards only if you pay bills before interest is added.

43. Buy only low-energy, high efficiency appliances.

44. See if you can "make do" with what you have.

45. When ordering carpeting, ask for broadloom remnants and save about half.

46. Make some items yourself, such as curtains, draperies, bedspreads, etc.

47. Buy radios and TV's during January & May sales.

48. February & June are good times to buy bedding, floor covering, and furniture.

49. Shop March & July for good buys on washers and dryers.

50. Buy rugs during August and October sales.

51. Stock up on household linens during the months of January, May & August.

52. March is a good month to buy a house, right after school vacation starts.

53. Buy a kitchen range, paint & wallpaper during April sales.

54. March is a good month to select a new air conditioner.

55. January sales are good for buying small appliances, blankets, quilts.

56. Buy house wares in Feb., Sept.; china & glassware in March & Sept.

57. Buy fabrics in Jan. & October; storm windows in June & July.










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