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Steps to remove a stained credit history

Oct 122011

You have been Blacklisted! The connotations of that phrase alone has the ability to send shock waves to the bottom of your financial ego. You curse the credit bureaus, the credit granter, the maker of the clothes you spent the money on, hell you even curse the card makers for making that tiny square plastic account bomb. Take a breath. Now is not the time to rave. It is the time to gather yourself and begin the process to remove the blacklisting.

First you need to be positive and take a proactive stance. This is to be an offensive charge into gaining back your financial freedom. Mission Blacklisting Elimination.

Gather all the available information on your existing accounts and the money that you owe. Concentrate on the largest debt. The key is to pay back that creditor as promptly as possible. It is this swift reaction that will stand you in good stead for the next phase of the blacklisting removal plan.

You need to now get a letter from the creditor you owed stating that you have either paid back the amount outstanding or a new negotiated amount. This is his letter of truce. with this document you can approach the magistrate and have the blacklisting order rescinded.

The initial battle has been won, however you must remain vigilant. The record of the blacklisting and its removal will be present on credit bureaus records for 5 years. During this time you must guard carefully against once more being drawn into excessive debt. The last thing you need is for this process to repeat itself and find that you are forever seen as a high risk investment. This will drive up interest rates and leave you in an even more detrimental state as before.

Credit Card

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Sep 252011

A credit Card gives
you the freedom to just shop for that special occasion for that ‘Oh so Pretty
dress, a must have!! The best thing about a credit card is that you can pay it
straight off or put it onto a budget account enabling us to indulge, for those
absolute must haves. A credit card
doesn’t limit you to shopping within your town it allows you to shop world-wide
online, so in fact whatever the heart desires is possible! Always remember that this has to be paid back
so take care with the spending.

A credit card also
provides convenience by allowing us to shop from home and pay for delivery of
goods directly to our doors, whether it’s from the grocery store, the pharmacy
or Amazon. A credit card provides very convenient freedom and bridges the gap
when times are hard. When choosing your credit please investigate thoroughly
all the options provided to you via the various lenders. Scrutinise their
lending rates and terms and conditions carefully before making a decision visit
www.buys.co.za to find out more.

Credit Card 20110925533.424 Credit Card

Credit Cards

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Sep 252011

Credit Cards bring to mind images of
temptation and pleasure, thoughts quickly stir the imagination what if I could
afford that car or that fabulous flat screen TV? Well with the help of a Credit Card you can,
and it seems it is easier and easier to get Credit Cards in fact many people have lots of credit cards and run
their whole lives on Credit Cards.

I
wouldn’t exactly recommend this as remember the money you are spending is not
your own and you will have to be paying it back and with interest. The rule
with spending on Credit cards is to
spend wisely think carefully before you make that extravagant purchase. All too quickly the is item bought taken home
and then slowly reality sets in when finally the credit Card Bill arrives. Credit Cards do make our lives more
manageable and certainly help us when emergencies crop up just remember the
golden rule think carefully before spending. Visit www.buys.co.za to learn more about spending wisely on your credit cards and enjoy your purchases with peace of mind.

Loans

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Sep 202011

If you would like to consolidate your debts, or you need to improve or repair your home or else you find you need extra money for anything else and you simply do not have that extra bit of money to stretch across the gap, then taking out loans from one of the banks or a private lender will lift the burden from your shoulders.
If you are looking for a personal loan through FNB bank, for example, then remember that the quotation on all FNB personal loans is valid for a ten day period in which you will be in a position to either decline or accept. A nice little perk is that FNB personal loans gives you a break over the period of January from paying your personal installment, allowing you a little time to consolidate after the expensive Christmas and holiday period.
If you are interested in borrowing from Nedbank on the other hand, you will be able to borrow anywhere from R 2000.00 to R 120 000.00 in cash ,which will be deposited directly into your account where your salary is deposited into every month; you don’t have to have a Nedbank account to qualify for a Nedbank loan
Nice to know is that you will be in a position to pay your Nedbank personal loan on a flexible repayment plan, ranging anything from 24 to 60 months, but this does depend on which loan you qualify for.
When looking for loans, you should see which option suits you best. Other institutions you should look at are ABSA or Standard Bank for personal loans.
You are on right page if it is loans you are looking for; simply contact us to find out which one would suit you best.

Loans 20110920790.48 Loans

Loans SA

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Sep 202011

Applying for loans in SA does not always entail applying for a loan at one of the large financial institutions or banking houses.

We are mostly familiar with banks such as FNB, Standard Bank, Absa Bank or Nedbank, but if you are not keen to use one of the more familiar banks for a loan, or you are unable to obtain a loan due to having a poor credit history, then you will have to look a little farther afield and beyond one of the usual banks.

Applying for a loan with a company such as Just Money could give you another alternative when applying for loans in SA.
There often comes a time when we need some extra cash, although it is not always advisable to borrow for extras such as holidays and fun items that are wants and not needs, but there are most certainly times in our lives where we could do with a little bit of help or when we need to go away on a much-needed break. The most important factor would be if you could afford the repayments on your loan.
Loans from Just Money vary from between R1000 to R100 000 and the repayment periods range anything from six to seventy two month periods.
You are on the right page if you are looking for loans SA to make your life that much easier all round financially. Contact us for more on loans in SA.

Loans SA 20110920373.5362 Loans SA

Credit bureaus

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Sep 192011

CREDIT BUREAU INFORMATION – Part 1

A credit bureau is an important tool in ensuring access to credit and it is therefore important to understand their role in the scheme of things. A credit bureau is a ‘library’ of credit information, providing a comprehensive database of a consumer ‘s credit behaviour i.e. how well does he manage credit commitments. This information could either be positive (i.e. accounts that are up to date, or fully paid up); or negative – pertaining to judgments and adverse credit information of defaulted credit accounts.

If you need a free credit check – this will provide the information required to credit providers in order to prevent over-indebtedness of consumers and the granting of reckless credit.

Consumer credit information means:

• The credit history of an individual – including:
- applications for credit, credit agreements to which the person is or has been a party;
- pattern of payment;
- default under any credit agreements;
- debt re-arrangement in terms of the NCA;
- the circumstances of termination of such credit agreements

• a person’s financial history including
- past and current income;
- assets and liabilities;
- other means within the scope of that person’s financial means;
- prospects and obligations as defined in section 78(3)73

• a person’s education, employment, career, professional or business history, including the circumstances of termination of any employment or business relationship

• a person’s identity, including his/ her name, date of birth, identity number, marital status and family relationships, past and current addresses.

LOOK OUT FOR CREDIT BUREAU INFORMATION PART 2 WHICH DEALS WITH CREDIT BUREAU CHECKS

Credit bureaus 20110919592.4583 Credit bureaus

Credit Checking with ITC

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Sep 192011

CHECK IT OUT BEFORE YOUR GET YOUR FEET WET

Doing an ITC credit check is by far the most advantageous way to travel if you are needing the financial history of a company with whom you wish to do business. In 2009 it was decided to embark on an educational program for small businesses to assist in understanding their credit profiles. They were also encouraged to register their business information with ITC in order to ensure that ITC remained the most comprehensive business database in South Africa, i.e. on this database are over 3.3 million businesses, of which 600,000 are credit-active.

In order to sell their products and services they needed to enter new markets and use creative ways to find new customers. Although companies are interested in doing business with the small business sector, the information is not sufficient to allow them to asses and understand the risk involved. They still need to carry out an ITC credit check.

It is a fact that most small businesses are Black Economic Empowerment (BEE) companies. So it
goes without saying that this segment of the market is attractive inasmuch as it gives companies the opportunity to earn BEE points by procuring from them.

In the new dispensation, it is therefore desirable for companies to do business with these small businesses as
this is a market segment that holds a competitive edge. An ITC check will greatly reduce information barriers for companies and give them the vital information they need. Being able to have information on a company’s track record, stability and bank account performance is by car the most effective way to reduce the risk factor. So getting an ITC credit check before you embark on new ventures is a win-win situation for everyone – companies can then take advantage of bigger opportunities to access new markets and this in turn will help drive continued economic growth.

Credit Checking with ITC 20110919364.0187 Credit Checking with ITC

Experian Credit Bureau

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Sep 162011

Experian Credit Bureau

A credit bureau is a company that gathers information and updates a consumer’s credit history. Experian credit bureau is such a company that offers you the service to check and view your credit report.

Experian credit bureau will create a record that will indicate how the consumer manages his or her credit. A credit provider is then supplied this information by the credit bureau. A credit record can also help to identify fraud and corruption.

Experian credit bureau will provide you with your credit report when it is requested. If you are unhappy with any information that that is kept by the credit bureau then you are allowed to change it. Experian credit bureau will keep your information confidential.

It is important to keep a good credit report this can be done by paying your debts on time and cutting expenses.

Experian credit bureau will also offer you financial advice and offer you support that you need. They can also not report negatively on you but can only provide the necessary information that you or your credit lender may need.

Check your credit record with Experian credit bureau.

Remove Blacklisting

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Sep 162011

Remove Blacklisting

When you are unable to repay your debts, creditors will cast judgment on you for the non payment of debt. Creditors can then black list you. This means that you will not be able to apply for new credit; this limits your chances of getting a loan and can make life difficult. However there are things that you can to do to remove blacklisting.

You need to improve your credit report. You should first start by paying off your debts to improve your credit report. You can also visit a debt counselor that will help you to plan your finances so that you can avoid being blacklisted again.

You should make a budget, cut down on your expenses, start to save money and pay off debts.

Once you have paid off your debts in full to your creditors, you need to receive a letter from your creditors to state that you have paid off the debt in full. This letter should be then presented to the magistrate so that the judgment can be rescinded. You are then responsible to approach the credit agencies and have them remove blacklisting from your credit report.

Credit agencies may only keep a record of a blacklisting for a period of no more then 5 years.

Once the blacklisting has been removed you need to keep on any debt that you might rack up again to avoid being blacklisted again.

Introduction to Gold Coins

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Sep 152011

Introduction to Gold Coins

Gold does not have to be bought in the form of gold bars or jewelry. Purchasing gold coins is a much better and far more simple choice as it can cost as little as forty dollars and these are easy to store. In fact, gold coins can be hidden anywhere or housed in the bank of your choice.

There are several different varieties of gold coins that are available throughout the world, such as American Eagles, Krugerrands, United Kingdom sovereigns, in addition to many more. If you are planning on starting a coin collection, the best coins to start out with are the American Eagles or the golden sovereigns as they are the easiest to find. There is neither any fixed size nor weight for gold coins; they are valued depending on their weight which will vary according to the size of the coin.

You may not know this, but gold coins’ weight is measured in grams. It used to be measured in ounces or portions of an ounce. Purity is considered to be 999 portions to every 1000. Most coins usually hover around 917 parts because there is usually the need to add another metal for easier minting.

When you are ready to purchase your gold coins, whether from a shop or online, be sure that all of the pertinent information about the coin is displayed, such as name and type. When you buy online, there should be a picture of the coin for you to peruse. The price of the coin will include what the seller wishes to make, as well as any sales tax. If you are wondering what the best gold coin is to purchase, that is all a matter of taste. Some people prefer the Eagles, while others the Sovereigns. Enjoy your new hobby.

Introduction to Gold Coins 20110915790.48 Introduction to Gold Coins

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BUYS! Best finance buys & insurance buys online!

Steps to remove a stained credit history

Credit Card

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Experian Credit Bureau

Remove Blacklisting

Introduction to Gold Coins

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