Interest rates on loans vary, depending on the credit issuer. It is always best to be informed of these things before you accept any offer. There should not be any gray area left in terms of credit conditions and arrangements. Don’t hesitate to ask questions as your financial health is on the line.

Be aware of the annual percentage rate (APR). A typical monthly interest rate of 1.5% is reasonable but do not stop yourself from conducting research and comparison among lenders. There may be lenders that offer introductory “teaser” rates but although these rates are initially low compared with others, they are only effective for a limited time and will soon be increased at much higher rates. Read More…

Your credit card’s fine print

All credit cards come with terms and conditions, which more often than not, are neglected by most credit card holders. If you are one of those who typically don’t mind reading your card’s terms and conditions, now is the best time to start scrutinizing these details for the benefit of your own financial health.

Terms and conditions usually vary depending on the credit card issuer, but there are basic terms and conditions that are generally included and these are the following: Read More…

You may not have paid too much attention on the interest rates imposed by your credit card issuers but in times like these when there is so much economic difficulty, it’s time to start minding the “little” details, which when you add them all up, still total big dollar amounts.

Credit card issuers charge up to 18% in interest rates. So before swiping that card and making that purchase, do a short self-questioning session first. Ask yourself, is this purchase worth swiping? Or is it better to save up first so I can just purchase this in cash? Are the interest rates worth for this piece of item I’m about to buy? Can it wait? Do I have more urgent things to pay for? Is this the best time to make the purchase? Read More…

Recovering from identity theft is understandably a frustrating and tedious undertaking. It can stress you out and if this happens, take a short breather then immediately take action in order to lessen further damage and inconvenience on your part.

The very first thing you need to do is to make the crime known. Inform your creditors and ask them to urgently close any fraudulent or suspicious accounts. Secondly, send the the three national credit reporting agencies a notification of what happened. Read More…

A credit report provides lenders an overview of one’s credit eligibility and qualifications. It contains a detailed summary of previous and active credit transactions and payment history. A credit report is of vital significance if you desire to obtain credit, apply for a job, rent an apartment and in many other important situations. Lenders, employers, and landlords based their decisions to determine approval or disapproval on this report.

Looking at your credit report for the first time can be intimidating and confusing. However, it is always best to review your credit report, at least once a year, as it contains significant information about your financial actions. As you can see, reviewing your credit report is a good idea. You are are entitled to a free copy of your credit report once every 12 months. A copy of your report costs $10 plus any taxes, shipping and/or handling charges. Read More…

Credit bureaus play important and crucial roles in facilitating loans. They largely dictate the realization of your financial dreams. Lenders also keep their profitability because of them.

Major national credit reporting agencies such as Experian, TransUnion, and Equifax understand their need to gather, fix and accurately distribute your financial reliability assessments in a timely manner. Thus, the creation of your credit report, which is the tool that makes your eligibility for credit possible. This very efficient credit reporting system gives you more financial freedom and less restrictions when it comes to borrowing money. Read More…


DID YOU KNOW?

There's no such thing as an "overnight credit repair". That said no one works faster the GCS. On average, our clients start to see results in as little as 30 days.

Put your credit score on the fast track to recovery. Call Ryan Carruthers at GCS to get started.



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