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If you are looking to purchase a home or a new car in the near future you want to make sure your credit history looks good enough to get a good financing deal that doesn't leave you scraping every month to pay all of your bills. Even moreso, you want to be sure that you are able to get the financing you need. You might even consider first consolidating what bills you currently owe in order to get these payments down to a bare minimum. No matter which road you take, before even considering a major purchase like a mortgage or new vehicle, get your credit rating in good shape so that your interest rate will be at its lowest.
Interest rates alone are not all that matter. You probably need to have a down payment as low as possible too, right? That too depends on your credit history.
Now you must decide your best approach. Either do it yourself or pay a professional like Lexington Law - Credit Report Repair
 handle this task.
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Do You Have A Bad Credit File?
If you are denied credit, the Equal Credit Opportunity Act requires that the creditor give you a notice that tells you the specific reasons your application was rejected or the fact that you have the right to learn the reasons if you ask within 60 days. Indefinite and vague reasons for denial are illegal, so ask the creditor to be specific. Acceptable reasons include: "Your income was low" or "You haven't been employed long enough." Unacceptable reasons include: "You didn't meet our minimum standards" or "You didn't receive enough points on our credit scoring system."
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See Credit Terms and Definitions
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Consumer Credit Information
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Credit Matters
How to qualify for credit, keep a good credit history, protect your credit once you have it, and more.
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The Latest News
Fitch affirms Merchant Credit rating (Daily News)
Fitch Ratings Lanka has affirmed Merchant Credit of Sri Lanka Ltd’s (MCSL) National Long-term rating at ‘BBB(lka)’, reflecting the implied support assumed to be available from its main and ultimate shareholder, Bank of Ceylon (BOC, ‘AA(lka)’). The outlook is stable.
Fitch reaffirms GIB's credit rating at 'A' (AME Info)
International credit rating agency Fitch Ratings has reaffirmed Gulf International Bank's (GIB) long and short-term ratings at 'A' and 'F1' respectively, with a stable outlook.
Rating actions show 2008 credit stability as weakening, Moody's report says (AME Info)
Global credit quality continued its negative trajectory as the upgrade-downgrade ratio fell to 0.24 in the third quarter, says Moody's Investors Service.
Rudd move a hit with credit unions (The Australian)
OLEG Rozmeta, general manager of Resources Credit Union was feeling on top of the world yesterday as his organisation sat alongside the biggest financial institutions in the country with a AAA-credit rating.
Wayzata Public Schools receives top financial rating (St. Louis Park Sun-Sailor)
When talking about public schools, what could be better than receiving an A? Try AAA. Standard and Poor's recently gave District 284 a AAA credit rating following a lengthy evaluation process by the company, one of the most well-known independent credit rating entities in the world.
Credit Rating Agency Concerned About State's Borrowing Ability (NBC San Diego)
A credit rating agency is expressing concern about California's ability to borrow $4 billion just days before the state heads out to market.
Moodys reaffirms ICICI UK rating (Express India)
International rating agency Moody's has reaffirmed its rating on ICICI Bank UK Plc with a stable outlook, in a credit opinion released on October 10. Also, ICICI Banks joint venture partner, Prudential plc, confirmed its commitment to businesses with the bank.
Morgan Stanley Credit Rating May Be Cut by Moody's (Update2) (Bloomberg)
Oct. 10 (Bloomberg) -- Morgan Stanley, the U.S. securities firm whose shares fell 26 percent yesterday, may have its credit rating cut by Moody's Investors Service on concern the financial crisis threatens earnings and investor confidence.
Is my credit union safe? (Los Angeles Times)
Here are ways to find out, including online rating sources. The government-run National Credit Union Share Insurance Fund insures most deposits at credit unions, just as the Federal Deposit Insurance Corp. covers most deposits at banks and thrifts: You can entrust up to $100,000 at any single credit union and be fully covered. It's possible to increase that limit with qualified retirement ...
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Best Credit Cards with Bad, Poor or No Credit History. Don't let history keep you from having a credit card.
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