Thursday, September 14, 2006

Perfect Credit Report-8

The credit repair portions of this series of articles are important. Once you have a credit record, you are
sure to need the strategies. It’s estimated that up to 82% of credit reports contain factual errors. One in four contains an error that will result in the denial of credit. While mistakes often find their way onto your report, they don’t seem to find their way off—it’s up to you.
If you are building new credit, in the beginning it won’t be particularly easy. This is a society based on the credit system. Getting ahead in a credit society is hard for those who have been denied access to the system. However, a careful application of my course will allow your
credit to grow in a balanced fashion.

For young readers, college is the place where you will likely learn to build credit. Routinely college campuses are littered with solicitations from credit card companies, looking to build loyalty with a target market that has the highest on-average discretionary spending. They
want to build that loyalty early, hoping that you remain with them for life. Indeed, I still have a credit card that I applied for while a college student.

Because these cards are targeted to new credit users, the applicants are expected to have small or no credit history. These are some of the easiest credit cards to get for that reason. If you are a college student building credit apply today for one of these cards. Then use it wisely by
following the formula I’ll provide later in this series of articles for proper credit useage.

There is a bit of bad news about the credit restoration and building process. It doesn’t happen fully overnight.
Next time i'll discuss the time frame of building credit.

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