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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A 4- Point Guide in Choosing the Appropriate Credit Card

Tuesday, June 2, 2015, 6:00 AM | Leave Comment

Gold, silver, platinum, prestige, travel, cash back; you have to give it to credit card issuers because the terms they use to label their products are ingenious. However, they have also managed to befuddle their customers. A study by the National Foundation for Credit Counseling (NFCC) in 2012 showed that only a meager 26% of […]



Differences Between Secured And Prepaid Credit Cards

Saturday, June 2, 2012, 2:00 AM | 5 Comments

Many folks have problems getting a traditional credit card mainly due to their bad financial state that they have fallen in. Therefore, the credit industry started offering prepaid credit cards (acts like a debit card) along with secured credit cards. In that sense, many folks define them both interchangeably. However, there are quite distinct differences […]



Understand How Secured vs Unsecured Credit Cards Work

Wednesday, May 30, 2012, 2:00 AM | 2 Comments

There are two major types of credit cards – secured credit cards and unsecured credit cards. In either case, a regular monthly payment is expected. There are advantages to having either if you are careful to not miss a payment when it’s due. Unsecured credit card Most credit cards are unsecured. There is no collateral […]



Understand How Credit Cards Work

Wednesday, 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 […]



Understand Types Of Fees Credit Cards Can Charge

Saturday, March 31, 2012, 2:00 AM | 1 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 […]



Understand How You Will Use Your Credit Card

Friday, August 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 […]



Understand Major Features Of A Credit Card

Friday, August 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 […]



How To Evaluate Your First Ever Credit Card

Sunday, 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 […]



Credit Bureaus Are Not Branches Of Government

Tuesday, February 22, 2011, 8:18 AM | 12 Comments

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 […]



I Understand FICO But What The Heck Is ChexSystems?

Wednesday, August 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 […]



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