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 scores.
Use your credit card or lose it
Tue Mar 10, 2009 | | Posted in Credit Cards
I have posted so many articles about debt and how Americans were borrowing and, in turn, spending heavily more money than they could afford to pay back. That, in itself, turned out to be one of the biggest causes of the financial crisis the U.S. has ever experienced. But more recently, Americans have slowed down … Continue Reading »
Understand how credit rating score is measured
Mon Jan 5, 2009 | | Posted in Credit Cards
A credit rating is a simple number which many lenders use to determine whether or not they will give a loan or line of credit to an individual. In addition, the interest rates are different for different credit ratings. The higher the credit ratings, the lower the interest rate you might be able to get … Continue Reading »
Understand how secured vs unsecured credit cards work
Sun Dec 28, 2008 | | Posted in Credit Cards
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 … Continue Reading »
Understand major features of a credit card
Sun Dec 28, 2008 | | Posted in Credit Cards
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 »
Understand how credit cards work
Sat Dec 27, 2008 | | Posted in Credit Cards
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 how you will use your credit card
Fri Dec 26, 2008 | | Posted in Credit Cards
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 types of fees credit cards can charge
Thu Dec 25, 2008 | | Posted in Credit Cards
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: Annual fee Sometimes billed monthly. Charged for having the card. Cash advance … Continue Reading »
