Credit Tips Archives

January 14, 2008

Credit History Tips for Those Moving Abroad

You Can't Always Take Your Credit History With You

If you're moving abroad your credit history probably isn't something you're thinking about right now. There's so much planning to do, it might very well be the last thing on your mind. If that's the case, you might want to stop for a moment. You can have perfect credit here in the United States, but once you go overseas you may be back to square one. You need to prepare.

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Posted by Max Anderson at 3:01 PM | Permalink

August 15, 2007

Credit Cards: Why Being Loyal Can Pay

Why You Shouldn't Keep Switching Credit Cards

Everyone loves the introductory offers that credit cards offer. After all, who doesn't want interest-free financing, double rewards or cash incentives? The problem is, hoping from one credit card to the next can actually hurt your credit. Here's some things you need to know.

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Posted by Jessica Hunter at 9:29 PM | Permalink

July 26, 2007

Understanding How Credit Cards And Your Debt-To-Income Ratio Affect Your Credit

Credit Cards and Your Debt-To-Income Ratio

Everybody has something called a debt-to-income ratio. When you're born, it's 0. You have no debt and no income. When you're a kid working a part-time job, it's also zero (unless you owe money to mom or dad). How so? Read on...

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Posted by Max Anderson at 10:26 PM | Permalink

April 28, 2007

What You Need to Know About Your Credit Report

The Tales Your Credit Report Can Tell...

Most consumers have a general understanding of what a credit report is. But do you really know just how much your credit report impacts you? If you're not up-to-snuff on understanding the ins and the outs of the credit world, you need this credit report information...

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Posted by Jessica Hunter at 6:25 PM | Permalink

February 11, 2007

Improve Your Credit Rating By Using a Credit Card

Your Credit Rating Won’t Improve Much if You Never Use Your Credit Cards

Most of us realize that we need to have credit cards in order to establish and build a credit history, but in order to improve your credit rating you actually need to use the credit cards you have. Many consumers simply have a credit card on hand in case they encounter an emergency situation. However, if you’re one of the consumers who rarely uses his or her credit card, there's something you need to know.

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Posted by Jessica Hunter at 9:33 PM | Permalink

January 30, 2007

Your Credit Rating and a Secured Credit Card

Do You Need a Secured Credit Card?

It’s important to understand some key terms when it comes to credit cards, and credit rating and secured credit card are two phrases that people often misunderstand. Unfortunately, misunderstanding these important terms can lead to some serious headaches. Want to make sure you're on top of your game? You need to read this.

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Posted by Jessica Hunter at 10:54 AM | Permalink

January 8, 2007

Credit Rating Basics

Do You Know Your Credit Rating?

The term credit rating can be confusing. Many Americans have credit cards and use them frequently, but not nearly as many Americans understand how their credit rating is calculated or just how much their credit rating affects them. Your credit rating can affect the type of credit card offers you qualify for, the interest rate on your mortgage, and even whether or not you will qualify for life insurance.

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Posted by Jessica Hunter at 6:32 PM | Permalink | Comments (1)

November 17, 2006

The Importance of a Free Credit Report

Order Your Free Credit Report Today

You should know what's on your credit report, even if you've never used a credit card in your life. You should get a free credit report once a year to keep an eye on your credit history. Remember, just because you don't have any credit cards, that doesn't mean someone else hasn't opened any up in your name.

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Posted by Jessica Hunter at 9:36 PM | Permalink

August 29, 2006

Are You A Compulsive Shopper?

Understanding Compulsive Shopping

Compulsive shopping is an addiction and is much like any physical addiction. Individuals who shop compulsively get a non-chemical “high” out of buying things, whether it is clothes, books, jewelry, furniture, decorations, or accessories. Compulsive shopping can be a hard habit to break and if left untreated, compulsive shopping can wreck havoc on a person’s life. To make matters worse, many compulsive shoppers have access to credit cards – making the addiction even more dangerous.

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Posted by Jessica Hunter at 9:10 PM | Permalink

July 11, 2006

Debt Collection Agencies Are Breaking the Law

Don’t Let Debt Collection Agencies Bully You Out Of Your Rights

I am all for paying your bills on time, but I also realize that sometimes things happen out of our control that prohibit us from doing so. Unfortunately, people who have suffered from such circumstances often find themselves at the mercy of less-than-ethical debt collection agencies. Sure, no one likes getting calls from debt collection agencies, but when those agencies are breaking the law and abusing and harassing consumers, something needs to be done about it.

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Posted by Jessica Hunter at 11:38 PM | Permalink | Comments (3)

July 8, 2006

Just When We Thought We Understood Our Credit Scores…

Credit Scores Are About To Become Even More Confusing

Almost everyone knows that when you apply for a loan or a line of credit, the lender pulls your credit report and looks at your credit score. While the credit bureau determines what’s on your credit report, Fair Issac Corporation is actually the one that determines your credit score, also known as your FICO score. While our credit scores used to be a mystery, Fair Issac did a good job at educating us about what our credit scores mean and how they’re calculated. Just when we were getting the hang of navigating our credit scores, everything is about to change.

Continue reading "Just When We Thought We Understood Our Credit Scores…" »

Posted by Max Anderson at 6:28 PM | Permalink

June 7, 2006

Understanding the Calculation of Your FICO Score

Your FICO Score Isn’t Such a Mystery After All

Almost everyone knows what a FICO score is, but if you ask them how it’s calculated, the answers you get will be varies. Some people say it’s a secret while others insist there is no actual calculation and that FICO is akin to an advanced guessing game. Believe it or not, it isn’t that hard to understand what makes up your FICO score. If you’ve been wondering, we have the answers.

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Posted by Jessica Hunter at 8:54 PM | Permalink

May 17, 2006

Late Credit Card Payments May Cost More Than You Think

A Surprising Penalty for Late Credit Card Payments

We all know that there are ramifications for paying a credit card payment late. However, late fees and increased interest rates may be the least of your problems if you make a late payment to your credit card company. Believe it or not, a late payment made on your credit card can actually affect your career.

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Posted by Max Anderson at 5:15 PM | Permalink

March 21, 2006

Say Goodbye To FICO?

Is FICO Soon To Be a Thing of the Past?

When you apply for a credit card, the credit card company looks at your FICO score to help them determine whether or not to approve you for the credit card. The higher your FICO score, the better your chances of being approved. The problem is, it hasn’t been exactly easy to understand how the FICO score is calculated. It seems more of a magical concoction than an exact science and consumers often find themselves confused. Now the credit bureaus are looking to make things easier.

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Posted by Max Anderson at 5:29 PM | Permalink | Comments (1) | TrackBacks (1)

February 17, 2006

Can Credit Cards Affect Your Credit Score?

How Credit Cards Affect Your Credit Score

Can credit cards affect your credit score? Yes, the can and they do. If you have credit cards or if you’re just thinking about applying for one, it’s important to understand how credit cards affect your credit score and we’ve got the information you need to know.

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Posted by Max Anderson at 4:12 PM | Permalink

January 23, 2006

Your Credit Report Matters

Know what’s on Your Credit Report before Applying for a Credit Card

So you want to apply for a lower interest rate credit card or you want to ask for a credit limit increase on the credit card you currently have. Before you do that, you’re going to want to know what’s on your credit report. Here’s why.

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Posted by Jessica Hunter at 4:06 PM | Permalink

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