ronforster.com » FTC Articles http://ronforster.com Rely on Ron ~ Phoenix Area Real Estate ~ 602-741-5560 Mon, 16 Nov 2009 16:07:40 +0000 http://wordpress.org/?v=2.8 en hourly 1 FTC Articles… http://ronforster.com/2009/07/17/ftc-articles/ http://ronforster.com/2009/07/17/ftc-articles/#comments Fri, 17 Jul 2009 16:36:51 +0000 Admin http://ronforster.com/?p=5335 The other day I was surfing around and reading as usual. Found a great article about credit and I couldn’t believe the source: The FTC! Then I closed Safari and was on the phone for a but and went back to FTC.gov and it took me an hour to find. The Federal Trade Commission is the government’s consumer advocacy branch.

This category will be used to sort these articles by date so you can scroll through the list and link to the FTC site. Timing is important for consumer advocacy and protection as yesterday’s general advice continues to have value but the scams have new variations.

More to come…

]]> http://ronforster.com/2009/07/17/ftc-articles/feed/ 0 Building a Better Credit Report http://ronforster.com/2008/03/01/building-a-better-credit-report/ http://ronforster.com/2008/03/01/building-a-better-credit-report/#comments Sat, 01 Mar 2008 15:41:30 +0000 Admin http://ronforster.com/?p=5351 Credit will always be important. Your credit score is central as a reflection of who you are. Ha! In the perfect world of the bankers maybe. Anyway, a solid credit score is important if you have any intentions of borrowing money which includes getting a credit card.

If you are establishing or re-establishing credit the first step is to go to your bank and get a credit card. If they won’t approve you for a $500 Visa card consider changing banks. You trust them with your deposits and the money in your checking and savings account don’t you? If you have a banged up credit history you might have to get a secured Visa. Basically you open an account with say $500 and they give you a Visa with a $500 credit line.

Your credit score will rise with good pay history and TIME. ere are a few examples:

  • A $1000 credit card for Macy’s on day one will make your score drop. Unsecured debt takes some time to have a positive impact on your score.
  • Auto loans are a positive step. Make all of your payments on time and your score improves so long as everything else is current. When this loan is paid off, another bump. To your next lender this is a baseline of how much debt you have handled in the past.
  • A home loan has the biggest impact. Finance a home with a perfect pay record along the way and most likely you will have a solid credit score.

The FTC has a nice article on Building a Better Credit Report

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Local Copy: Credit and Your Consumer Rights

]]> http://ronforster.com/2005/03/01/credit-and-your-consumer-rights/feed/ 1 Gold and Platinum Cards http://ronforster.com/1996/10/01/gold-and-platinum-cards/ http://ronforster.com/1996/10/01/gold-and-platinum-cards/#comments Tue, 01 Oct 1996 15:24:35 +0000 Admin http://ronforster.com/?p=5346 f you’re looking for credit, be wary of some “gold” or “platinum” card offers promising to get
you credit cards or improve your credit rating.
While sounding like general-purpose credit cards, some “gold” or “platinum” cards permit you to buy
merchandise only from specialized catalogues. Marketers of these credit cards often promise that by
participating in their credit programs, [...]
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