Used wisely, credit allows for the convenient purchase of items both big and small. Used unwisely, credit can, and has, led to home foreclosures and bankruptcy. Learn to use credit and debit cards smartly and improve your credit score.

  • Any credit repair company that promises to remove legitimate bad debts from your credit history is lying. Under the Consumer Credit Protection Act, such information remains on your credit report for about seven years.

  • The disappearance of bad credits, if any, is only temporary. For help, check out the National Foundation For Credit Counseling.

  • However, having said that, a good credit score is your passport to competitive interest rates for mortgages, cars, credit card offers, job offers, insurance premiums and more. A strong score is worth it because it saves you money.

  • Go for a card that allows you to manage everything online so you stay under control, like this one www.hsbc.com.au/1/2/personal/services/credit-card-online.


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Beware The Professional Credit Card Tactics

Tuesday, August 31, 2010, AM | 19 Comments

Recently, I received a couple of solicitations for a “professional card.” I didn’t know what it was so I did some research online and came to know that this type of card is not covered under the Credit Card Accountability and Responsibility and Disclosure Act of 2009, better know as CARD Act. It is also […]



Tricky Credit Card Traps Even Under CARD Act

Wednesday, June 9, 2010, AM | 13 Comments

There are some tricks still available to credit card issuers that can potentially send you on a downfall path to traps that you could never have imagined. Of course, if you are not careful. The new CARD Act can help you only if you help yourself and watch out for these traps. It can protect […]



How CARD Act Will Affect Your Credit Card

Thursday, April 8, 2010, AM | 10 Comments

Because of the CARD Act, banks and other financial institutions will place restrictions on your credit card. Some credit cards will be affected more than others. More and more issuers would gradually realize that they can’t make more money with all sorts of perks that were offered to their customers for 20 plus years. Those […]



Credit Card Issuers May Have New Traps Up Their Sleeves

Tuesday, February 23, 2010, AM | 1 Comment

The new credit card law, passed by Congress last year, is dubbed Credit Card Accountability Responsibility and Disclosure Act of 2009 and went into effect yesterday, February 22. Because of certain clauses, it has been reported in the media, the credit companies may lose billions of dollars a year in late fees and interest charges […]



Your Credit Card Company Tries To Be Your Financial Partner

Tuesday, January 19, 2010, AM | 1 Comment

Well, on the surface of it, the statement does not make sense. Credit card companies and your financial partners? By nature of the business, these are contradictory. Why would a credit card company want to help consumers in budgeting their finances when they filled their pockets by making us miserable? Well, it may not be […]



Can The New Credit Card Laws Protect Us From Ourselves?

Monday, June 1, 2009, AM | 3 Comments

The new credit card law may or may not protect us from ourselves. It does not protect us from our freely spending spree. One thing is for sure. In the Western World and Japan and a few other countries, owning a credit card or two, or perhaps ten for some, is almost a must. It […]



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