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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Credit Bureaus Are Not Branches Of Government

Tuesday, February 22, 2011, 8:18 AM | 11 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 […]



Understand How FICO Credit Score Works

Sunday, February 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 […]