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.
Tips To Avoid Making Credit Mistakes
Thu May 27, 2010 | | Posted in Credit Improve
You need to have a good credit score to take out a loan for mortgage, auto or perhaps even get a new credit card [make the last one a question mark]. On these pages, I have talked about improving your credit score. This is yet another attempt – a reminder to avoid the obvious and … Continue Reading »
You Can’t Always Follow What The New Credit Card Laws Permit
Wed Mar 17, 2010 | | Posted in Credit Improve
We have all heard and read stories about the new credit card laws – Credit Card Accountability, Responsibility and Disclosure – frequently know as CARD – Act. Let the credit experts point out the good, the bad and the ugly in the legislation that went into effect on February 22, 2010. Smart Money on its … Continue Reading »
Tips To Establish Or Rebuild Your Credit With Gas Credit Card
Sun Feb 21, 2010 | | Posted in Credit Improve
If your credit is bad and you have been refused regular credit card, then there are ways to establish and rebuild your credit. One of which is to get a secured credit card. Another and probably easier way is to get gas charge card which can be used only at the gas station. That can … Continue Reading »
Tips for improving relationships with your creditors
Tue Nov 17, 2009 | | Posted in Credit Improve
In this lousy market, many more folks have been contacted by creditors – credit cards, mortgage, bank loans and the like – in recent days and months. These good folks, because of the circumstances that are mostly not in their control, have been late in their repayment of loans. Here are tips to be proactive … Continue Reading »
Stretch grace period on your credit cards to improve cash flow
Tue Aug 11, 2009 | | Posted in Credit Improve
Credit-card issuers give you grace period to pay your bill. This period starts from the time when you buy something to when you have to pay your credit-card bill and amounts to an interest-free loan, as long as you pay off the balance in full by the due date. Here’s a way to stretch those … Continue Reading »
Want to build your credit history? You have options
Sat Aug 8, 2009 | | Posted in Credit Improve
A nephew of mine is visiting from the old country. He just got his Green Card. He applied for a credit card at his bank but was denied. One of the credit report companies sent him a letter that he had no credit history. He must first build his credit history and then apply for … Continue Reading »
4 Ways to manage your credit with responsibility and dedication
Fri Jul 17, 2009 | | Posted in Credit Improve
I don’t know how many credit cards you carry and I don’t know, on the average, what the number is among all Americans. Some survey says Americans carry more than five at a time. That’s a lot. I carry two – MasterCard and American Express. I use Amex for gas and other travel expenses and … Continue Reading »
How to negotiate with your Creditors
Mon Apr 27, 2009 | | Posted in Credit Improve
We all know that every month, creditors and lenders send our credit report to the credit agencies. But, this process of reporting is voluntary by the creditors. They don’t have to send our credit information to these agencies. That means, by default, it opens up a window, no matter how small, for the consumers to … Continue Reading »
Credit Score Provides Snapshot Of Your Credit Risk
Mon Mar 30, 2009 | | Posted in Credit Improve
You borrow something, let’s say from your neighbor – perhaps a lawnmower – and at some point you return it. If you did not break it and returned it to its proper owner, next time, your neighbor will lend you the tool more happily. But if you broke it, did not bother to fix it, … Continue Reading »
Understand how FICO credit score works
Sun Feb 22, 2009 | | Posted in Credit Improve
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 »
