One of the fastest ways to plummet your credit score is by maxing out your credit cards. When you spend too much, or up to the credit limit, your score is adversely affected. Therefore, light use of your card is recommended. The balance shown on your credit report – which is usually the balance of...
If you’re in college, this is one of the best times to start building your credit. There are credit cards out there that will approve students. The Capital One Quicksilver One Cash Rewards Credit Card is a great card for students. You can earn unlimited 1.5% cash back on every purchase you make every day....
If you have bad credit, one of the best ways to improve it is through a credit card. Some credit cards are hesitant of extending services to customers. But, these credit cards are great. Take a look: The Surge MasterCard Credit Card: This credit card is great for all credit types. They report every month to...
If you’re looking to build your credit, there are credit cards out there specifically designed for that. For instance, the Credit One Bank Unsecured Visa for Rebuilding Credit Card. The annual fee ranges fro $0 – $99 and has cashback rewards for purchases on gas or groceries. Also, there are no deposit requirements, if you...
Getting a credit card when you have poor credit is more so about improving your credit score than it is about having more purchasing power. Here are credit cards specifically for people with poor credit: OpenSky Secured Visa Credit Card: This credit card has a 5-star rating from consumers who use it. Use it to...
It may be the most wonderful time of the year, but the last thing you want to do is spend recklessly. Most people go into serious debt around this time and ruin their credit scores. Here’s how to maintain good credit during the holiday season. First things first, if you use a store credit card...
When it comes to your credit report, the federal Fair Credit Reporting Agency limits who can access your information. This is for privacy reasons. Here is a list of places who can gain access to your report under certain circumstances: mortgage lenders landlords judgment creditors collection agencies employers government agencies car insurance companies utility companies
If you have negative information on your credit report, you aren’t doomed with the bad report. You can explain some of the negative information so that when creditors see it, they have a better understanding. All you have to do is attach a statement to your credit report that explains why the negative blotch is...
If you’ve got late payments, or charge offs on your credit report, those are considered negative information. Normally, that information will stay on your credit report for at least 7 years. In some cases, it will stay on 10 years, if you’ve gone through bankruptcy. Not all information is negative. Good information stays on your...
Your credit report is a record of your credit history. If you’re wondering how information gets on your credit report, it’s simple. Every month, lenders submit updates about your credit profile to one or more of the three credit reporting agencies. Not all lenders send info to all three companies, therefore not everyone will have...
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