Credit Card Tips
Transfer your balance to a lower interest credit card, keep card interest rates low, etc...
Need help keeping your credit card costs down? We've got over 60 tips here that cover everything from prepaid debit cards, to the best reward credit cards, to the latest in government crackdowns on predatory behaviour by the card issuers. Read on and find out how you can use revolving credit the right way, and not get yourself stuck in a mountain of debt.
No late fees or penalties sounds too good to be true...Is it?
Credit card debt got you down? There is a way out!
Consolidating can save you money, but make sure the pitfalls don't damage your credit.
If you fill up at the pump often, choosing the right gas rebate card saves a bundle.
Does worry about your credit card debt keep you up at night? Do you pay only the minimum on your credit cards every month, if that? You are not alone. Credit card debt is quickly becoming a widespread pandemic in the United States. According to current statistics, the average household’s credit card debt is $15,799, the average balance on an open card is $1,157, and the total credit card debt in the United States is $793.1 Billion. With this gloomy news, what are your options for reducing credit card debt?
People have three credit scores and a FICO credit score. While the sources and data may vary, all scores use the same scale of measurement. A score of 620 is very poor and may result in being rejected for a loan. A score of 760 or higher is good enough to qualify for the best interest rates. Chances are, your score falls somewhere in between. Part of planning for a major purchase is getting your score as high as you can before applying for credit.
Having no credit is better than bad credit, but it's still a challenge. Trying to get a home load, qualify for an apartment or getting a car loan at a reasonable interest rate is difficult if not impossible without a credit history. If you find yourself staring at a blank credit report, here are the best ways to turn it into good credit fast.
In 2009, the Credit Card Accountability, Responsibility and Disclosure (CARD) Act was passed as a way to control who credit card companies can target with offers and how applications can be accepted. Under this act, an individual must use his or her own income when applying for a credit card rather than using household income. Originally, the primary purpose of the CARD act was to prevent credit companies from targeting students with credit card offers they could not afford. The unfortunate implication of the act, however, was that it now prevents stay-at-home spouses from obtaining their own lines of credit.
Almost everyone uses credit in some form or another. The simplest forms of credit are things like utility services or landline telephone services. It may be that the absolute simplest form of credit many people take advantage of is housing rentals. However, housing rentals do not impact a person’s credit score, and utilities usually only have a negative impact if you don’t pay the bills on time.
In years past, the sight of booths offering t-shirts, frisbees and other free items in exchange for signing up for a credit card offer were ubiquitous on college campuses across the country. With the passage of the Credit Card Act two years ago, credit card companies face more restrictions in offering credit cards to students, giving parents more input and control on how much and what type of credit card offers their college aged children can accept.
