Understanding Credit Risk Can Help Underbanked Make Smart Loan Choices
AFSAEF Releases Second Booklet in Personal Loans 101 Financial Literacy Initiative
WASHINGTON, May 1, 2012 /PRNewswire-USNewswire/ -- Enabling the 30 million "underbanked" Americans to understand the risk inherent in different personal loan products is the aim of the second quarterly booklet in the Personal Loans 101 financial literacy project, released today by the American Financial Services Education Foundation (AFSAEF).
MGIC Investment Corporation Reports First Quarter 2012 Results
MILWAUKEE, April 23, 2012 /PRNewswire/ -- MGIC Investment Corporation (NYSE:MTG) today reported a net loss for the quarter ended March 31, 2012 of $19.6 million, compared with a net loss of $33.7 million for the same quarter a year ago.
Global Credit Cards Issuing Industry
NEW YORK, March 5, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Global Credit Cards Issuing Industry
The global outlook series on the Credit Cards Issuing provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings.
Mortgage Master Names Donald Henig Managing Director, National Sales
WALPOLE, Mass., April 3, 2012 /PRNewswire/ -- Mortgage Master, Inc., a $5 billion non-bank mortgage originator, today named Donald Henig, a fixture in the mortgage banking business since entering the field in 1985, as national sales director.
Based in Walpole, Henig will direct the 250-person sales organization across its 30 branch offices, implementing both online and branch-based sales strategies to boost sales nationally.
"The factor that really attracted me to Mortgage Master is the talented sales team," said Henig.
CIBC Mortgage Poll: Fixed or Variable? Half of all Canadians say they would choose a fixed rate mortgage today
More Canadians looking to lock in amidst lower rates - getting advice on
your personal financial situation is the key to making the right
mortgage decision for the long term
TORONTO, March 26, 2012 /PRNewswire/ - A new CIBC (CM: TSX; NYSE) Poll
conducted by Harris/Decima reveals half of all Canadians said they
would choose a fixed rate mortgage if they had to decide today, a
notable increase over last year.
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How to Protect and Improve Your Business Credit Rating
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Real Small Business: Money Matters
How to Protect and Improve Your Business Credit Rating
From the Editors of Real Small Business
Credit-reporting agencies track the creditworthiness of businesses like yours to help suppliers and lenders make decisions about which companies to do business with. These agencies collect data for reports from banks, retailers, government records, and other sources.
Potential suppliers and financial institutions may use your company's credit rating to determine how likely you are to pay your debts. The strength of your rating can impact the payment terms that vendors grant you and interest rates that banks apply to your business loans.
Keeping your credit report in tip-top shape is smart for business. Use the advice below to protect and improve your company's credit rating:
Review your report regularly
Obtain a copy of your credit report on a regular basis and review it thoroughly. Look for errors, old accounts that are still listed as active, and other inconsistencies. Be sure key supplier relationships appear. By regularly reviewing your report, you can feel confident that anyone evaluating your company will receive accurate information.
Update details
If you find that information on your report is dated or missing, take steps to make it current. For example, if your report lists a dated figure for your company's annual revenues, report the new amount to the agency that issued the report. Likewise, if your report is missing data from credit relationships that are in good standing, contact the creditors and ask them to report your performance to credit bureaus.
Fix mistakes
If you find errors in your report, contact the credit-reporting agency to discuss how to correct them. Submit fixes in writing and include your business name and tax identification number on all correspondence. Forward copies of any documents you have that support your side of disputed items, saving the originals in your files. If an error on your report is the result of a creditor's reporting mistake, contact the vendor and politely request that it remove the mark from your record.
Pay bills on time
Paying bills by their due dates will positively impact your credit standing. Timely payments reflect a history of responsible financial management.
Apply for secured credit
Banks are unlikely to grant unsecured loans to companies with shaky credit histories. But getting a loan that is secured with collateral can be a way to demonstrate creditworthiness. As you begin to pay back the loan responsibly, you will be building a stronger credit history. Be extremely careful not to overextend your use of secured credit. Doing so could result in losing the collateral to the lender.
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