Tag Archives: credit reports

ComplexSearch.com Releases The 2012 Guide to Good Credit Score Ranges

ComplexSearch.com officially releases the “Good Credit Score Guide,” a number of credit score articles and a series of five credit score infographics designed to educate the general public.

Credit score number is crucial to your financial health, especially with just how much the average American relies on debt. With a poor credit score, consumers are more likely not to be approved for a loan or, if they do get approved, they are likely to pay more in interest charges.

“We’ve created our guide to help consumers manage their consumer credit,” says Nathan Richardson the founder of ComplexSearch. “That is why we put a whole host of files dedicated to helping consumers improve their credit score with simple – and free – how-to guide.”

Credit scores are becoming more ubiquitous in our daily lives with TV, online and various advertising mediums filled with companies offering free credit scores. “More and more companies are offering seemingly free access to your credit score, but what we’ve found is many of these companies are charging for services that essentially can be accessed for free,” Nathan continues. The credit guide also includes pitfalls and other various credit score scams to watch out for.”

The new guide to credit scores was previously released in 2011, and was updated for 2012 by talking with several credit experts. This new guide represents the latest information on the average credit score ranges.

About ComplexSearch
ComplexSearch is a personal finance blog dedicated to discovering the latest bank rates on savings accounts, certificate of deposits, money markets, credit cards and other deposit accounts. ComplexSearch also focuses on detailed reviews on the top banks in the United States and Canada, by aggregating reviews from several top resources online — this quick resource allows people to find the up-to-date bank reviews in 2012. ComplexSearch is also a provider of personal finance opinion and advice, offering new articles weekly.

Via EPR Network
More Financial press releases

Experian Reveals Mid-Life Makeover Trend

Experian CreditExpert, the UK’s most trusted credit monitoring service, has revealed that men and woman in their 40s and 50s are taking ownership of their existential questions and seizing the opportunity to take real life-changing and self-affirming steps in their life.*

The mid-life crisis is often perceived as a ‘curse’ of middle age, associated with men of a certain age attempting to relive their youth through extravagant purchases like sports cars and designer clothing. But as average life expectancy, and with it the age of retirement, creeps ever upward, this is all changing for men and women in their 40s and 50s.

85% of 40-59 year-olds surveyed by Experian CreditExpert had felt the need to change their life situation in the last five years, with responses demonstrating that, far from the expected plans to splash out on cosmetic surgery or fast cars, mid-lifers are making decisions that directly impact their work and life happiness, giving themselves a second chance at achieving their ambitions and desires – from changing career or learning new skills to seeing the world.

70% gave ‘travelling the world’ as one of their goals in later life, with the next most popular options being ‘spending time learning new things’ (46%) and ‘dedicating my life to a favourite hobby’ (29%). By comparison, only 13% (and only 3% of men) would have a cosmetic makeover, and purchasing a sporty new run-around did not feature at all.

The most clear gender divide was over what middle-aged men and women were most hoping to achieve by making life changes. Among men, gaining a better work/life balance was the most popular answer which was given by 32% of males (compared with just 20% of females). By comparison, women’s priorities were focused on adventure and gaining new life experiences with 36% giving this answer, compared with 30% of males.

Simple life changes were shown to have the biggest effect on most people’s happiness, as ‘making a career change’ and ‘making new friends’ were both expressed as having had a significant positive impact on their lives in recent years by 51% of those polled.

Money was predictably shown to play a big part in achieving one’s life goals. 69% said that a sudden change in their financial situation, such as an unexpected windfall or pay rise, would be the factor that was likely to kick-start their own ‘mid-life makeover’. 74% felt that their financial situation was the only thing still holding them back from making significant changes.

“People entering their late 40s in 2011 are still only halfway through their working lives”, said Pete Turner, managing director of Experian Interactive. “These results show that, far from throwing money at new toys in a ‘quick fix’, many are channelling their energy towards making positive, fulfilling changes. Preparing for the ‘mid-life makeover’ by cleaning up your credit rating can, for many, be the first step towards achieving those dreams.”

Via EPR Network
More Financial press releases

Experian Reports Rich Getting Poorer

Experian has reported a massive 100% increase in the level of borrowing amongst high income families in their 30s and 40s over the past three years, with many citing the rising cost of living as the main cause.

Over a third (33%) of high income families are now reliant on overdrafts of over£1,000 to keep the family finances ticking over between pay-days, compared to just 15% in 2008. This is according to the results of a three-year survey commissioned by Experian, the global information services company and the largest credit reference agency in the UK.

The report reveals a high proportion of these families (52%) are regularly borrowing money against their overdrafts resulting in expensive repayments because of the high rates of interest charged on overdrafts compared to other credit products.

47% of UK adults have applied for additional credit in the past two years, with some borrowing from sources which charge relatively high interest rates, potentially adding to their financial pressures and risking missed repayments and a chequered credit history.

Despite this, nearly two-thirds of high income families are actually optimistic about their financial future, with 61% believing their financial situation will improve in the next 12 months, despite dipping in to their savings and relying on their overdrafts to make ends meet.

When many are borrowing to make ends meet, Experian highlights that many people are missing out on the best rates because they’re unaware of the benefits of managing theircredit report with a service such as Credit Expert.

Brits are getting better at accessing and managing their personal information that lenders see which is inevitably resulting in them securing better borrowing rates.

Making the right decisions where borrowing is concerned is vital, and getting a goodcredit rating is one of the ways you can give yourself the best chance of finding the deals you want.

Peter Turner, Managing Director at Experian Interactive said: “UK families often rely on their overdraft to get by, but that is not always the best option. Many of us choose to borrow, but it’s where you borrow from that makes all the difference. The current financial climate is tougher than ever and seeing your credit report could help families manage their credit better, as well as helping them plan for their financial futures.”

Credit Expert from Experian shows customers what a lender sees in their name. Every time someone applies for credit or a loan, that request is recorded. Multiple requests on borrower’s credit history can look as if you are over-extending yourself or a fraud is being committed. For those looking for a good credit deal or mortgage, Credit Expert allows them to check their report instantly online to ensure that it accurately reflects their position, and then as often as they want after that. Credit Expert members can also match their credit report to credit offers they are more likely to be accepted for using Experian’s Lower My Bills service.

Via EPR Network
More Financial press releases