Flec National Network

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Top Methods to Avoid Credit Card Hackers

One of the most detrimental financial situations you can find yourself in is when your credit card is hacked. Identity theft is one of the top complaints within our modern society. While you may think you’re not at risk, the reality of the situation is far more bleak. As some of the recent high-profile credit card hacks have told us, even when you shop at some of the most trusted retailers, your credit card information is always at risk. This is even more true when purchasing online. Due to the proliferation of computer viruses and malware, it seems there is a constant threat looming right over your shoulders.

While there are literally hundreds of tips you can follow to help reduce your risk of having your credit card hacked, there are several universal tips that are absolutely worth noting. This article delves into the most effective methods, as taught by the experts at Security Guard Training Central, so you can engage in to help avoid having your credit card hacked and your identity stolen.

Obtain a Replacement Card ASAP

If you feel that your security has been breached, even if you don’t have confirmation, immediately contact the issuer of your card and demand to have a replacement card with new numbers sent to you ASAP. Within this dangerous realm, it’s better to be safe than sorry.

Continuously Monitor Your Accounts

The most common reason why people have their financial lives ruined is because they weren’t diligent about checking their various financial accounts. As a general rule of thumb, you should monitor your online accounts at least once a day – if not at multiple times throughout the day. While there are alerts you can sign up for to notify you if there’s suspicious activity, says www.securityguardtrainingcentral.com, the best way to safeguard your financial life is to remain diligent about your transactions. Should you spot something that looks strange, immediately contact your financial institution for more information.

Freeze Your Credit

If you believe your credit has been compromised, you should immediately contact each of the three credit agencies and request that your credit report be frozen until you deem it’s safe. When you freeze your credit report, new accounts cannot be opened without your direct approval. This is often recommended for those who are not planning on opening a new line of credit anytime soon. Why keep your credit report vulnerable when you’re not planning on using it? Whenever you’re ready to open a new credit account, you can simply call the credit bureaus and have the unfreeze your account. In the realm of keep your financial life safe, it’s better to be safe than sorry.

Do You Need a Credit Card to Build Healthy Credit

Eventually, the need for a healthy credit score will come into play within your life. Whether you need to rent an apartment, buy a home or even get a cell phone account, your credit score plays a direct role in your everyday life. Because of this, it’s imperative that you have a healthy credit report capable of giving you the financial flexibility our modern lives demand.

While you may think building a healthy credit score will take years – or is even impossible if you have terrible credit – the reality is much more simplistic. Although there are literally hundreds of tips you can follow to help build a solid and healthy credit report, perhaps one of the most effective ways to accomplish this goal isn’t necessarily through a credit card. Rather, there are various other methods you can call upon to help build your credit score into the healthy zone.

Tip #1 – Pay Off Old Bills

While you may think if a bill has gone into collections you won’t have to pay it off, if you’re looking for a fast way to build your credit report, then you should actively work on paying off old bills – even those that are in collections. Make sure all of your accounts are in good standing. Obtaining a history of paying your bills and eliminating your debt will significantly boost your credit rating. Although paying off collections accounts doesn’t actually raise your FICO score, it does go into your overall report that financial lenders will take into consideration.

Tip #2 – Report Rent Payments to Credit Bureaus

This is one of the most effective – and smartest – ways to increase your credit score; especially for those who have terrible credit. By reporting your monthly rent payments directly to the credit agencies, you’re establishing a history of paying your bills on time, which is one of the most important variables when it comes to determining your overall score. While you can’t report your own rent payments, have your landlord or property management company report your on-time payments. There are many third-party applications capable of doing this for you.

Tip #3 – Take Out a Loan

Generally speaking, the majority of personal loans are considered installment accounts, which weigh heavy on your credit score. Therefore, one of the most effective ways to quickly boost your credit score without having to take out a credit card is by obtaining a personal loan. If a traditional bank doesn’t want to give you a loan, seek out alternative lenders, such as credit unions or even Peer-2-Peer personal loans.

How Much House Can I Afford?

Buying a home is the epitome of the American Dream. It is the largest investment most families ever make and involves real future planning. The plan should include a number of estimates and figures.

Current income and expenses should be listed as well as plans for the next five years. The average stay in a first home is three to five years and the prospective home buyer should consider any increases or possible deductions in income as well as having savings and contingency accounts.Plans for family, schools, and investment in furnishings or updates should be included.

Working with a professional Realtor, mortgage options, pre-approval and getting the best rate are essential. The Federal Reserve has stated its intention to raise interest rates this year and this needs to be taken into account to get the best rates locked in.Making sure the home to be considered has had a home inspection performed will lessen or eliminate extra expenses that will have a serious effect on how much the house will eventually cost. Things which the inspection list as needing repair or replacement can be used to negotiate a better price.

Be Realistic About Your Mortgage Payment

Home owners insurance and any kind of insurance to guarantee mortgage payments will lessen any financial burdens when unexpected expenses or income changes occur.Financial stability and an excellent credit record are significant factors in getting a mortgage. being realistic about income, job advancement, plans to have a family, start a new business, replace a vehicle or recreational preferences will help make realistic home buying a success.

Having a plan, doing financial homework and being able to bring a professional Realtor and mortgage lender good numbers and a good credit rating will make buying a home an exciting and happy experience.Good things happen with good plans and home buying into the American Dream is still happening.

Minimum Credit Score Requirements for a Mortgage in Texas

Calculating Credit Score Mortgage RequirementsIf you live in Texas or want to relocate to the state of Texas and are looking into obtaining a home mortgage, there is a number of different ways, such as, an FHA Loan, a Conventional Loan, a VA Loan, a Home Purchase Loan, and a Home Equity to buy a home in Texas or Refinance a home in the Lonestar State.

Best Credit Score for Buying a Home

It is standard practice that two of the three credit reporting companies must report your credit score to be at least 620 or above in order to qualify for a home loan. If you know this to be true with your credit score, you can start the process for application by offering an E-signature to your online application.

You can look into mortgage options such as, a Refinance Loan, a Fixed Rate of Interest Loan, a Reverse Mortgage Loan, an Adjustable Rate of Interest Mortgage, an Interest-only Loan, or a Jumbo loan within the state of Texas. No matter what kind of loan you want, you need that magic credit number of at least 620.

There may be certain programs made available by the Texas government for first time home buyers in service of their country. If you hold your Texas security license, are in active duty law enforcement, or have served in the military, contact your Texas county representative to see what programs (if any) are available, and if you quality for them.

Along with these different types of Texas homeowner loans comes methods of financing such as:

  • First time home buyers can get a 96.5 percent financing
  • Credit collections offer a 96.5 percent financing is available
  • Through consumer credit counseling a 96.5 percent financing
  • A 96.5 percent financing is available three years after the Foreclosure on any FHA Loans
  • Conventional financing offers a 95 percent financing with a credit score of 680 or above
  • A 620 credit score is acceptable for FHA Loans in Texas
  •  If you ever filed a Chapter 7 bankruptcy, you must have a credit score of 640 or above for a financing with FHA, two years after the bankruptcy. Financing is 96.5 percent.
  • If you filed a Chapter 13 bankruptcy in the past year, are paying mortgage payments on time, and your credit score is at least 640 or above you have a 96.5 percent financing available

All VA Loans are offered at 100 percent financing available

  • There are three different time periods for loans to be paid off and they are as follows
  • 30-year fixed rate of interest at 3.750 percent and 3.920 percent
  • 15-year fixed rate of interest at 3.000 percent and 3.390 percent
  • 5-year ARM with an interest rate of 3.625 percent and 3.625 percent

Tips To Get a 750 Credit Score

750 credit score mortgageHOW TO IMPROVE YOUR CREDIT SCORE

Achieving and maintaining a good credit score seems to be a problem for many of us. One mistake and your score can be wrecked for a good many years. There is hope though. Below you will a few simple tips on how to improve your score, to achieve the best mortgage rate possible when buying your first home.


Get rid of the bills. This might be easier said then done. Before you invest in anything new, pay off the old balances. Do you have an old college loan? Is it something that is still nagging at you? Pay it off. Take some of that spending money and pay it all off. It might hurt to not have those new shoes right away, but you’ll be thanking yourself later.

Do you have old credit card balances? Get that taken care of as soon as possible. Get yourself out of the revolving debt pattern. Say enough is enough and pay it all off now. I am doing the same thing right now. As of this time next year, my credit card debt will be paid off in full. Learn from those mistakes.


There is a difference between good debt and bad debt. The above situation is bad debt. This is about good debt. The minute we pay off your house or car, it’s our instinct to get rid of it. Don’t do this. Leave this kind of debt on your report. This will work in your favor later. Every time you pay something off, it will paint you in a good light. Leave this debt alone.

When you are apply for a loan, it’s best to use a short time span. There is a short window of opportunity when the scores will work in your favor. Depending on when you do the application, it could make a dent in your score. It also won’t help if you have multiple accounts open at one time. The more you apply for credit, the more your score will be impacted. Avoid this if at all possible. Look at your calendar. Know the best time to apply. Know the best times to avoid this trap.


Believe it or not, paying your bills on times does impact your score. If you are late on just one payment, you will feel the pain. Don’t procrastinate. If a bill is due on the 15th of each month, pay it then. It’s even better if you can do prior to this date.


Many of our readers often ask what credit score they need to work towards to purchase their first house. While there are a multitude of factors when calculating your credit score, this target varies according to your debt to equity ratio, how much home you’re buying in comparison to your desired mortgage amount and income levels. Generally speaking, anything above a 700 will bode well, with a 720 threshold being even better. However if you can follow the above steps and achieve a 750 credit score (or higher), you should have the best chance at obtaining a preferred mortgage rate.

For more tips on how to bring positive changes to your credit score, visit Experian today.

What Credit Score is Needed for an FHA Mortgage?

Applying for an FHA MortgageIf you’re considering the purchase of an existing or new home (even a Manufactured or Modular home) you may have hit the target center if you choose an FHA mortgage loan. Why you may ask? Well, here are some FHA mortgage loan facts for you to ponder. Several years ago the acceptable FHA credit score required hovered around 600 which opened the doors for a possible return to what happened to lenders years back. That said, its pretty much common knowledge that FHA has always been the one financing guarantor (they don’t make loans they just guarantee them) folks could depend on where credit scores were not a factor. Recently, that promise was tossed out the window.

The FHA requirement started at 500, then moved to 550 and now several FHA approved lenders require 580 scores. However, in April the FHA credit score range was moved from 580 to 620. In 2015 lenders may balk at any score that is less than 640 but you can still find them at 620 or less if you can produce a valid “mitigating factor” that we’ll get to in a moment.

If you are already an FHA loan recipient and own a home, if you want to refinance using the FHA Streamline Refinance program you’ll be happy to know that you can still do a refinance if you have a 12 month payment history with NO late payments. You can then enjoy no employment nor income verification, no new appraisal and no credit verification of any credit scores.

In the final analysis, if you can’t qualify for a conventional loan, have nothing to write home about credit scores and not many funds for a down payment, you should check the current statistics on an FHA loan. However, be cautious of the loan limit factor which is $271,050 for single family homes or as much as $625,500 in major high-cost cities. So if you can keep your loan ratios under 47 or 48 percent, prove you have 12 months of job tenure and pay utility bills promptly, you’re a possible FHA homeowner.