Repairing credit report should be one of your resolutions for the New Year. Every lender and creditor demands for your credit file Rick Barry Womens Jersey , which has to be spotless to boost credibility. The credit statement is checked when you are out to search for a new job, loan or insurance. It is now reviewed to determine the risk of an individual. So, it has become necessary to clean your statement and dispel the myths about the credit scores.
Here are myths that lower your scores and make the credit report spotty.
1. Closing old accounts: Getting rid of the old account may actually cut down your credit history which plays a big role in the calculation of credit scores. There is no doubt that it is good to have old credit history. Closing the accounts badly hinder one’s potential utilization rate Ognjen Kuzmic Womens Jersey , this is measured between the available credit and spendings. One should always utilize less credit.
2. Opening more accounts: It is true that credit score is boosted by opening up new accounts on some occasions, but numerous accounts is harmful. More account openings will lend an individual a greater and favorable utilization rate, but at the same creditors will suspect about too much need of credit.
3. Paying the unpaid: Idea of paying off the old debts is good but one should be aware that “late payment Nate Thurmond Womens Jersey ,“ “charge-off“ and “in collection“ remarks will be present on your credit report. But it can be removed by asking your creditors to remove them as a condition for paying the unpaid.
4. Paying before due date: It is a good idea to pay the balance in advance or before the due date. But this responsible behavior will not make any difference in the credit grade.
5. Taking all delinquencies as same: Delinquent debts ruin the grades and one should never have it; also some debts are less harmful than others. Paying late on mortgage or car payments will have huge impacts over the credit file than paying late on credit cards.
Be aware of the latest updates taking place in the credit market, as the factors that impact on the grades today may not affect the future. Exposing oneself to wrong information will never help you to boost the scores. Instead, avail of a free credit report from the reporting agencies to look for ways to uplift your scores.
PHNOM PENH, Nov. 17 (Xinhua) -- A Cambodian court on Thursday sentenced, in absentia, former opposition senator Thak Lany to one and a half years in prison for incitement and defamation, according to a verdict.
Lany, 61, was charged with incitement and defamation after she allegedly accused Prime Minister Samdech Techo Hun Sen in July of having prominent political analyst Kem Ley murdered.
Hun Sen sued her on Aug. 1 and a month later, her parliamentary immunity was removed by the Senate to pave the way for the court to prosecute her.
"After examining documents and evidence, the court decides to sentence Thak Lany to one and a half years in prison for inciting to cause turmoil for social security and to fine her 8 million riel (2,000 U.S. dollars)," said the verdict pronounced by Phnom Penh Municipal Court presiding judge Y Thavrak.
The court also ordered Lany to pay 100 riel (2.5 U.S. cents) in compensation to Hun Sen upon his request.
In addition, the court issued an arrest warrant for the former senator.
Currently, Lany's whereabouts is unknown as it is believed that she had fled the country a day before the prime minister filed the lawsuit.
Hun Sen also filed a similar complaint against Sam Rainsy, leader-in-exile of the opposition Cambodia National Rescue Party, for claiming that the government was behind the murder of Kem Ley.