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Home > > Orchard bank millenium visa platinum

Orchard bank millenium visa platinum

Getting divorced is stressful enough but the effects on your credit reports can literally ruin you- financially.

The good news is however that you can clean up your credit after a nasty divorce using some pointers below along with a lot of patience.Determining your credit issuesFirst of all it is absolutely necessary to evaluate your credit as it stands now. Are there major issues like a pending foreclosure, unpaid credit card debts or even back child support hindering your credit? If so you need to approach each issue separate and use any documentation you have to prove that the item doesn't belong there. Of course in a marriage both partners are usually responsible for debts incurred during the marriage but if the debts were incurred while you were separated or without your knowledge then you may not be liable for those debts. Sitting down and reviewing orchard millenium visa bank platinum all three credit reports is a must.One item may not be on all three credit reports so before you can begin disputing the entry to a credit bureau you have to determine which bureau is picking up the item and then write your dispute to that particular bureau. In your dispute be concise and include any documentation you have such as a copy of your separation agreement and who is to pay the debt and or your divorce papers to prove the debt was incurred after the divorce and without your knowledge.Please note however that even a court ordered agreement of who pays what from the marriage does not overrule a contract that was created during the marriage. The creditor doesn't care who the judge ordered to pay the debts and if one person defaults they have the right to go after either or both.Contacting the credit bureausOnce you have determined which debts you are going to challenge you then need to draft your dispute letters to the credit bureaus. There are three major credit bureaus and soon there may be a fourth bureau that you will have to consider.Equifax P.O. Box 740241 Atlanta, GA 30374 800-685-1111TransUnion Consumer Disclosure Center P.O. Box 390 Springfield, PA 19064-0390 1-800-888-4213Experian P.O. Box 2104 Allen, TX 75013-2104 1-800-682-7654Be sure to send your disputes CMRR- certified mail return receipt so that you will have a paper trail of your communications with the credit bureaus. By law the bureaus have 30 days to investigate the items and send you a new updated version of what they decided. If any portion of the item they investigated was obsolete or unverifiable, it will be removed. Even accurate but negative credit can be removed because the credit bureaus must be able to verify everything as 100% accurate. If they cannot, the item must be removed. This is how many charge offs, judgments, liens and even bankruptcies are removed. The Fair Credit Reporting Act governs these actions.How long can bad credit remain legally?That depends. It is 7 years for debts and 10 years for bankruptcy although some credit bureaus only report a bankruptcy chapter 13 for 7 years because at least the debtor is attempting to repay his debts. Judgments can remain until the statute of limitations expires to collect it.Following upJust as disputing is the only way to get results so is follow up. Without a solid plan of attack you will accomplish very little. Be sure you are diligent about following up on the bureaus investigation and if need be turn your efforts to the original creditor or the source reporting the item. If you are a patient person orchard bank millenium visa platinum you can use credit repair aids and do the work yourself. If you are looking for convenience then you can hire a credit repair attorney to do the work for you. Either way the same methods are used which are disputing to the credit bureaus using the FCRA- Fair Credit Reporting Act, validating debts, checking SOL's (statute of limitations for the collectibility of the debt) and and being persistent.2

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A mortgage is a long-term loan on a specific piece of property. Typical payments are made over periods of 15, 20, or 30 years. Banks, savings and loan associates, credit unions, and mortgage companies are the typical forms of home financing.

Applying for a mortgage involves three basic steps:
1. Complete the actual mortgage application. Next, a meeting between the lender and the borrower is scheduled. The borrower presents evidence of employment, income, ownership of assets, and amounts of existing debts. At this point, most lenders charge an application fee between $100 or $300.
2. The lender obtains a credit report and verifies other parts of the borrower's application and financial status.
3. The mortgage will now be approved or denied. The decision is based on the potential borrower's credit and financial history as well as an evaluation of the home (including its location, condition and value). Home buyers who are denied a mortgage may seek assistance under the Equal Credit Opportunity Act of the Fair Credit Reporting Act.

*Important Note The approval application usually locks in an interest rate for 30-60 days.

To qualify for a mortgage, you must meet criteria similar to those for other loans. The home you buy will serve as security (collateral for the mortgage). The major factors that affect the affordable of your mortgage are; your income, other debts, the current rates. Here are basic 5-Step Mortgage Qualifying Steps
1. Indicate your monthly income.
2. Multiply your gross income by .28 (or .36 if you have other debt).
3. Subtract the monthly debt payments and estimate monthly cost for property taxes and home owners insurance. You arrive at your affordable monthly mortgage payment(ammp).
4. Divide the ammp buy your mortgage term and rate. Multiply that by $1,000. This is the affordable mortgage amount(ama).
5. To obtain the affordabel home purchasing price, divide ama by the amount being financed.

A key to getting a lower rate on your mortgage is making a large down payment. A large down payment of 20% or more will make it easier to obtain a mortgage. You need to plan ahead and start aggressively saving money for a down payment. Personal savings, pension plan funds, sales of investments or other assets, and assistance from relatives are common sources of down payment money. Parents may help their children purchase a home by giving a cash gift or a loan, depositing money with the lender to reduce the interest rate on the loan, cosigning, or acting as comortgagors.

The private mortgage insurance is required if the down payment is less than 20 percent. The coverage protects the lender from financial loss due to default. PMI charges, which the borrower pays, vary depending on the amount of the down payment. These costs may be paid in full at the closing or are sometimes financed over the life of the mortgage, depending on the type of financing. It's important to note that after build up 20 to 30 percent equity in a home the buyer may cancel the private mortgage insurance.

Ecommerce-hosting is a large choice in any business that you decide to run. Whatever you have to offer, you can do it online. But, in order to be effective in the online markets, you need to choose your marketing strategies wisely. You also need to have effective and in-budget hosting solutions as well. Ecommerce-hosting is one important set in getting your business online.

In the various types of ecommerce-hosting you will find large differences, but the bottom line is that you need to find the right choice for you based on two things. The hosting company needs to provide you with good quality service that services your needs effectively and they need to also provide for you hosting services that are within your specific budget. Seems like a lot to ask, but when you do your homework, it can become much easier.

Some things that you should look for when choosing the overall right ecommerce-hosting solution for your business include the following. You will want to look at what comes with the package. Many times you will be purchasing a package of services that should get you up and running. You will find that most will come with a site builder to help you build your website and to do so based on what you want and need. You will also want it to include email addresses so that you can connect with your business affiliates. You will find that some offer support as well. Finding the option that fits your needs should incorporate any of these as well as many other features as well.

Ecommerce-hosting offers many advantages to the business owner. But, in order for you to take advantage of these you need to properly get your website up and running. You need to have quality service to serve your customers but you need it all to come in under budget. The good news is that you will find a wealth of information available to you on the web that will help you to do all of these things.

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