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 money because it saves you in excess costs.

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Understand How Credit Cards Work

Wed May 16, 2012, 2:00 am | Leave Comment



In addition to convenience and accessible credit, credit cards offer consumers an easy way to track expenses, which is necessary for both monitoring personal expenditures and the tracking of work-related expenses for taxation and reimbursement purposes. Credit cards are accepted worldwide, and are available with a large variety of credit limits, repayment arrangement, and other … Continue Reading »



Understand Types Of Fees Credit Cards Can Charge

Sat Mar 31, 2012, 2:00 am | Leave Comment



Before you choose a credit card for yourself, understand the types of fees the companies can charge. Most credit cards charge fees under certain circumstances. Read the information in your credit card agreement to see if there are other fees and charges. Read the fine print so there is no ambiguity in your mind what … Continue Reading »



Understand How You Will Use Your Credit Card

Fri Aug 26, 2011, 2:00 am | Leave Comment



Before finding the right credit card, you will need to determine how you will use it and what factors are important to you. Don’t just apply for a credit card when you receive an application in the mail. Read the fine print. Consider the following how you will use your credit card: Carry over balance … Continue Reading »



Understand Major Features Of A Credit Card

Fri Aug 19, 2011, 2:00 am | Leave Comment



Understand the major features of a credit card before you choose one. Everything you always wanted to know about credit cards but were afraid to ask. All of us, some with good, others with not so good credit score, have received letters of applications from different credit card companies. I remember when I first received … Continue Reading »



How To Evaluate Your First Ever Credit Card

Sun May 8, 2011, 2:00 am | 1 Comment



We all know that credit cards are a convenient way for buying groceries and other merchandise. It is NOT, however, the best means for borrowing money. We also know that credit cards carry higher interest than most other means of getting loans. When you use it for convenience and pay your monthly bills on time … Continue Reading »



Credit Bureaus Are Not Branches Of Government

Tue Feb 22, 2011, 8:18 am | 1 Comment



Many folks in America think credit bureaus are branches Of government. They are not. There are three credit bureaus that collect and keep records of credit history and ratings on individual finances. They are for-profit organizations. They store and maintain credit scores. They make their money by charging fees when individuals, lending institutions, and other … Continue Reading »



I understand FICO but what the heck is ChexSystems?

Wed Aug 19, 2009, 5:16 am | Leave Comment



When you go to your neighborhood bank to open an account, most probably you would be accepted and you would open that account. There are folks who are unfortunately rejected. How does a bank decide whom to accept and whom to reject? Well! the bank asks for the services of the national account verification company … Continue Reading »



Understand How FICO Credit Score Works

Sun Feb 22, 2009, 12:41 am | 2 Comments



Up until, perhaps 2006, credit was in abundance. You went to the bank, someone would be waiting for you, would even open the door for you. Credit from the credit card companies was rushing towards you like a mountain stream, fresh untainted. In some communities, at times, there is shortage of water. The credit back … Continue Reading »



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