Free Website Content » Finance » Credit Card Debt Articles

Print This Article
Publish This Article

Fantasy Credit Report

By: Tom Justice

Your Credit Report (the Boring Part)

Your online credit report is a collection of files and records pertaining to your credit history. It is often referenced for hiring, renting, mortgages, loans, background checks and many other situations which may require an involvement of a larger sum of your income or a need for your personal services. Your online credit report contains the good the bad and yes, the ugly, within its pages. There are 3 major credit report bureaus from which the information comes from: TransUnion, Equifax and Experian. For the most they are similar, but between the three bureaus there may be some different items listed.

What If!?

What if your online credit report was only full of positive, correct and up to date items? This would be like a fantasy credit report. You could use it like a tool for certain things like getting a low interest loan or the mortgage you actually wanted. You could use it as a weapon against those creditors who automatically assume that your credit sucks and turn the whole finance game around on them. This fantasy credit report would be like a report card with all A's (something most of us have never experienced right?). Imagine not having to worry about what the results are going to be when the phone rings from the bank because you have total peace of mind that your credit report is not only clean but also free of errors and mishaps. The anxiety of waiting for the results of your credit standing concerning a major purchase can cause equal or more mental tension than a doctor walking in the room with his results for a major medical test.

Making the Fantasy a Reality

Okay, so this whole fantasy credit report thing is exactly just that right? A fantasy. Well... not necessarily. See, you are the only one that can ultimately control what happens to your credit report. Yes, of course there are those 'unknown factors' - BUT, the good news is there is a big first step you can take to help start achieving your own personal fantasy credit report. You can obtain a free copy of your credit report and see what negative items are sitting on your file. More than 70% of all U.S. citizens with credit reports have false or out of date items on their credit file. By spotting these items early and taking the appropriate steps to remove them you can improve your credit rating. What else can you do? Develop a personalized budget. It will take a couple months of re-adjusting but will help you to see where your money is going and begin to mature your spending habits. Also, think about your major purchases before you make them. Too often in our society, consumers buy things without a second thought and "paint themselves into a corner" financially. When you take on more payments than you can afford you have set up your credit report for long term damage. Here is a saying to think about regarding this type of situation: "If your outgo exceeds your income, eventually your upkeep will become your downfall." Remember that the fantasy credit report is waiting to evolve before your very eyes - you just have to make it happen.

Author Bio
Tom Justice is the webmaster for Clean Credit Online and does all the designing, marketing, SEO and maintenance for the site. He has a passion for personal finance and how the economy and consumers are affected by money. To see how you can use Clean Credit Online to help you with your personal finances please visit www.cleancreditonline.com

Article Source: http://www.ArticleGeek.com - Free Website Content

Related Credit Card & Credit Card Debt Articles

Acting Smart With Your Credit Card
Is Bankruptcy The Right Way To Go? You Decide
Beating Debt with a Stick
Consolidate Your Credit Card Debt
Adverse Credit Debt Consolidation Loan to Mitigate Ills of Bad Credit
Credit Cards: Non reward Type vs Reward Type
Secrets Credit Card Companies Don't Want You to Know
Credit Cards: Low APR vs 0% APR
Credit Card Minimums not Doubling, but Might Still Hurt
Credit Problems, What You Can Do
Did You Score Credit Today?
Debt Consolidation Tips: An "All in one" Guide!
Debt Problems - Learn How to Deal with Them Boldly
Can a Debt Consolidation Loan Help Your Credit Record?
Eating Away At Debt
Fantasy Credit Report
The Truth About "Free" Credit Reports
Free Debt Consolidation Services
Essential Tips on How to Get a Credit Card
How To Manage Your Debt
Everything About 0% Intro Rate Credit Cards
Keeping Your Credit Clean
Need More Credit, Come And Get It
Cutting Back Today Can Get You Out Of Debt Tomorrow
Plastic Debt (credit card debt)
The Real Cost Of Your Debt
Need to reduce debt? Consider a home equity loan.
5 Tips for Repairing Bad Credit
Play the Credit Card Game and WIN
Tips On Reducing Your Current Debt

©2006 ArticleGeek.com: Free Website Content - All Rights Reserved

Free Website Content
Home / Free Articles
About Article Geek
Contact Us
Latest Articles
Link to Us
Privacy Policy
Site Map

Authors
Your Account / Login
Article Tips
Author TOS
Article Benefits
Editorial Guidelines
Submit Article

Publishers
Publisher TOS
RSS Feeds
rss

RSS Feed Parser

Resources
Resource Directory

ArticleGeek.com - Free Website Content