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Finance

What are Credit Reports?

Credit reports are detailed reports of the credit history of a person. Credit agencies collect details and make a credit report based on the information collected. Creditors use the report along with other information to know the credit worthiness of a loan applicant. There are a lot of websites that give information about credit reports. One of it is better credit blog.

Credit Report Break Down

A credit report has personal details like previous and present addresses, employment history, and Social Security numbers. This report also has a summary of the credit history such as the type and number of accounts that are in good standing or past due. It also has detailed account info related to the date accounts were created, credit limits, and high balances. A credit report list details of accounts and credit inquiries turned over to agencies. A credit report generally keeps bad information for several years.

Accessing a Credit Report

Landlords, insurers, and creditors and much more are allowed legally to access the credit report if someone submits an application for rental property, insurance policy, or loan. Employers might also request a credit report copy of a person as long as he or she grants permission and agrees in writing. These units usually must pay the credit agencies for the credit report. This is how they earn money.

Free Credit Report

The FCRA needs every credit agencies to give customers a free credit report once a year. Also, federal law enables customers to get free credit reports if a company has taken opposing action against him or her, including denial of employment, insurance or credit. However, customers should request the report within 2 months from the date the opposing action happened. Victims of identity theft are also eligible for a free credit report.

Finance

Some Tips for Uangteman Customers

Uangteman is one of the most popular money lending services in the whole of Indonesia. This is because it allows you to lend, simply through their app, without having to go through a lot of what you would usually go through when availing of lending services. One of the things that make it even more unique, is the kode promo uang teman, which opens a world of perks to those who wish to avail. As easy as it may seem, one of the things you have to keep in mind is that Uangteman customers are also subject to company policies and other requirements. Having said that, here are some precious tips everyone who wishes to avail of their services should keep in mind.

Stay on Your Phone as Often as You Can

Representatives have a queue system for transactions that are made through the app. They call on a first-come, first-serve basis, and if you don’t answer the call, you would be scheduled at a later date, and thus cause further delay.

Always Give Correct Data

Make the job easier for representatives of the company who scour records from hundreds of people who avail of loans. Be as transparent as possible, and fill up the form through the app as accurately as possible to prevent any form of delay and ambiguity. The less complete the filling-up of forms, the slimmer the chances of you being entertained.

Obey Terms and Conditions

It is a must in all companies you avail services of for you to obey their terms and conditions. For your relationship to be smooth, make it a point to follow what’s placed on their webpage.

Loan only for Useful Things

It is the responsibility of the company to not put you in debt that you don’t really have to be in, and it is also their duty to make sure that you don’t engage in a debt you can’t pay in due time. Make your reason for debt as justifiable as possible.

 

Finance

Here Is Why ACH May Be Better

Online transactions are slowly taking over and there are fewer people that you will find at an actual bank. While this is a good thing it is important you understand which kind of online transfer suits you best and how you can benefit from it the most. The two most common methods of online transfer happen to be ach and wire. If you want to learn the difference between ach and wire then you can read on.

If you own a business or you are one of those people who need to make fixed monthly payments to multiple people or places, then an ach or an automated clearing house transfer is what will suit you the best each month. This method of transfer enables you to schedule monthly payments that will automatically get deducted from your account without an approval. You can set these payments so that you are never later to make them.

A number of people prefer a wire transfer over ACH for making local transactions because there are no fees involved with a local wire transfer. You will be able to make a wire transfer instantly and your recipient will already have the money ready to withdraw in their account in the next minute. However you should not use wire transfer to make international payments. This is because you will have to pay a lot of charges and you will also not be able to go ahead and make the exact payment.

This is because you will not be able to control the amount that is being transferred because of the fluctuating international exchange rates. This is something that you will never be able to control and this is why a wire transfer is never suggested for international payments or transfers.