Before adding an authorized user to your account, be sure to establish rules around how to use the card. Some things to discuss with your authorized user include: • Will the authorized user have a physical card? • When is it acceptable to use or not use the credit card to make purchases or access...
There are several little-known benefits to adding an authorized user to your credit card account, including: •convenience •accruing rewards •sharing card perks and other benefits Many credit card companies offer lucrative bonuses and rewards for adding authorized users to your account. Adding another user to your account could add a few thousand extra reward points...
Millions of people with low credit scores may be seeing an increase really soon. Some serious tax liens and civil judgments will soon disappear from millions of credit reports. According to the Consumer Data Industry Association, tax liens and civil judgments will soon disappear from a lot of people’s credit reports. As a result, FICO...
Borrowers who need to build their credit profile can always turn to a tried and true method – the old-fashioned store credit card. Everyone won’t get approved for a store card, but the barrier to entry is very low. It won’t be hard to get approved. However, don’t expect lower interest rates. Because they are...
If you’re looking to build your credit profile while also gaining access to cash, a personal loan is a great option to consider. Agreeing to a personal loan means you get all of your money upfront and have a steady, predictable payment schedule to follow. This is a great alternative because now you know exactly...
Did you get an offer for a credit increase, and now you’re wondering whether it’s a good idea to take it or not? It may be a good idea, but probably not for the reason you think. It’s not a good idea to accept it if you want to be able to spend more money....
True…but not by much. Opening a credit card will only drop your credit score by a handful of points, usually about five points. This isn’t a big deal if you have a high score. But, if your score is in the 500s – 650 range, then you should focus on improving your score, before opening...
It used to be the only way for a collection item to disappear from your credit report was to wait seven years from the date it was first reported. But, now you can do a little bit more. If you want an item removed from your credit report, you can contact the collection agency and...
If you have credit card debt with high interest rates, then balance transfers are a great way to slash those high interest rates. Approval for transfers will depend on your credit score and good credit gets more attractive offers. If you have poor credit that’s below 600, you should work on building your credit to...
There are tons of ways to pay off a credit card debt. Some are bad ideas such as taking out a pay day loan, tapping into retirement savings, and using a different credit card for cash advances. But, there are other more favorable ways to escape credit card debt. They aren’t a quick fix, but...
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