Month: February 2017

Beacon Credit Score Explained

If you want to check your beacon score so that you can buy a house of get a loan for a business, you will need to check with all o the three credit bureaus which are Experian, Equifax, and TransUnion.

They each follow variations of the FICO credit scoring system. The beacon credit score is used by the Equifax bureau and this score is based on certain factors of your life including jobs, income, changes of address, enquiries and debts.

The reason that banks will want to see your beacon credit score is that they can assess how able you are to pay back the loan that they give you. This score will also determine how much the interest rate will be on that loan.

The credit scores range from 300, which is bad, to 850 which is brilliant, but most people range between 600 and 800.

To get a favorable bank loan and good interest rate, you beacon credit score must be above 750. This can save you so much money per year because of the amount of interest that you will have to pay.

The beacon score can be higher with low interest rate banks wanting you to have a beacon credit score of 640, and middle to high interest rate bank wanting a score of at least 540. A perfect score would have to be close to 850.

Even though this can be difficult to achieve, the banks do use all three models to ascertain the loan that they give. The factors that are looked at are arranged in the following percentages.

The timeline of your bill payments will count for 35 percent and includes late payments, and missed payments. Outstanding credit is 30 percent and can differ depending on how much the installments are compared to the loan amount.

By reshuffling your money, you can improve your credit score dramatically. The amount of time that your credit has been active is 15 percent and this means that you should not close any accounts if you are in debt.

Just pay them off and keep the account active. They want to see that you have been using your account for more than a year to get better credit results. The type of credit that you have counts for 10 percent so always use a reputable source and do not open too many small finance credit cards.

Acquisition of new credit can lower your beacon credit score so do not open too many credit cards in a short space of time.

If you want to assess your beacon score you can find many places online where you can do that and have the results in less than 24 hours.

You can also find calculators that will let you determine your score and help you to improve it before you approach any banks and lenders. The trick to keeping a high credit score is to only take out a loan when it is absolutely necessary and to pay it back on time.

Affiliate Making Money Business Opportunity

Affiliate marketing are one of the most rewarding online money making business opportunities that you can find on the web.

You can your own affiliate marketing, money making business opportunity. and its not hard as many people think it is.first you need learn how to make money with affiliate marketing businesses. If you learn it right, you will become successful.

Affiliate marketing is a proven income generating business opportunity. You get paid commissions by selling products without the hassle of holding any inventory. By treating your online business just like any other business, you are guaranteed to succeed.

As an affiliate marketer, you should not sell but you should pre-sell. Pre-selling is the most effective way to follow for you to make money with your affiliate business opportunity. Through pre-selling you connect with your website visitors on an emotional level and then entice them to buy your products. You can also collect your website visitors details and turn them into prospect.

Most people tend to sell “themselves short”, by thinking that they can’t make money with affiliate marketing business opportunities since they don’t have websites or they don’t know how to build one or they don’t know anything about the business.

Affiliate marketing is not rocket science and there are many methods that you can use to generate an income without necessarily having a website. The most favorable way for newbies to use is through writing articles and blogging.

Its easy to make money online. Eventually it all comes down to. what you choose to do with the information you have gotten from this article.

Are You Looking For Credit Repair Help?

If you have bad credit and are experiencing the devastating effects of a low credit score, you are probably looking for information or services concerning credit repair help. There are two ways that you can repair your credit:

  1. Do-it-yourself credit repair
  2. Hire a professional finance credit consultant

There are pros and cons of both. So, how do you choose the best option for you?

Option #1

If you choose to take on the task yourself, you will definitely need knowledge of the credit system. There is a lot of advice available about dealing with the credit agencies, cleaning up your credit report and raising your credit score. Some of it is good and some is bad. Using some of tips will actually lower your credit score. Do-it-yourself credit repair is likely to save you the cost of getting professional credit repair help, but if you choose to do so, beware of the assumed help that you get from publications.

Using this option will also require patience. It is good to know that it will take at least 30 days after you file a credit dispute with the credit agencies before you receive a response. You may or may not be happy with the results and you are likely to get frustrated by the process. If you are unhappy, you will likely spend loads of time trying to learn your rights so that you can exercise them.

Option #2

Hiring a professional finance credit consultant for credit repair help includes more costs; however, considering the benefits of having access to a professional who works on your behalf, you might decide that it is worth it. There are many benefits to this option which include:

  • Understanding of the credit system
  • Knowledge of your rights as a consumer
  • Familiarity with the process of cleaning up credit
  • Skill in working with the credit agencies and creditors
  • Proficiency in settling collection accounts with creditors
  • Reduced stress and frustration
  • Better results
  • Ongoing knowledge that you can use to maintain your improved credit score

For improving your credit score and making bad credit a part of your past, hiring a credit consultant for credit repair help is ideal. Not only do they take correcting your credit history into perspective, they also concentrate on your future and your current financial struggles. A good finance credit consultant can make your life a whole lot easier and more enjoyable.

Which is Better – A Real Or a Virtual Home Based Big Money Business?

Are you one of those people out there today who are struggling to make a living or who have lost large portions of their investment and retirement benefits? If you are you are probably only familiar with the traditional approach that we have towards earning money- where a person gets ready in the morning with the lunch packed and leaves their home to go to the office, works there and by the evening returns home.If so you are overlooking the many home based big money business opportunities.

Technological advancement has made every thing possible; you could be home and still earning good money. It is has been generally believed that you had to go to an office or a factory or perhaps travel as a salesperson to earn money. There are endless options that could either be looked at in the virtual world of internet or could be explored in the real world as well. But the first and the foremost thing that is required is breaking the mindset against the home based big money business. You have to have a positive approach that it is possible and that you can do it. There are many people who are earning substantial incomes from home who were previously not very successful in the offline business world.

In case you are not comfortable with computers you could look at the various home based business opportunities which are pertaining to the real world. For example you could join a company that has a free lance sales agent option. This means that you could be home selling the product of the company. One way to do that is by circulating the broachers to friends and family and throughout the community. This is one way you can earn a commission based income from the sales resulting from your efforts. However, if you want to make real money then you should give some thought to starting a new home based business. This would take some investment in terms of money and time; and will require a great deal of work. Depending upon the business that suits your interests and in case you have no idea where to start then you could purchase a ready made home business start up kit.

The alternate of home based business in the real world would be the online home based business opportunities. If you are comfortable with a computer or have the basic knowledge to use computers and the Internet – this is an option that could help you earn good money. It is a way you can start to earn with little or no initial investment. There are so many online business that you could start just by filling in an electronic form such as surveys. With a positive outlook and perseverance all you need is a computer and an internet connection with decent speed – and you are good to go.

Offline or online the home based big money business opportunity, you can’t say which one is better than the other – depending on your personal situation it is your choice.