Credit is a way for you to borrow money with the expectation of paying it back. However, when you begin to late on your minimum payment, it can lead to negative impacts.
When you have fair credit, it can be difficult to get approved for new credit card accounts with attractive terms, which are usually reserved for people with good or excellent credit. So if your credit is just fair, you might end up applying for cards that are designed for people with bad credit. But you …
For people with bad credit, secured credit cards can be a helpful way to rebuild credit while also offering them a secure and convenient method of payment. Secured cards differ from other credit cards because they require the cardholder to pay a refundable security deposit, which typically becomes the amount of the card’s credit limit. …
How much faster could you pay down your credit card bills if you didn’t have to pay all that interest? Credit cards with 0% introductory APR provide an opportunity to take a break from interest charges. That break can help you pay down an existing balance, save for the future, or get ahead on future …
What’s better than getting extra bonuses when you spend money? Getting extra bonuses that you actually want. Rewards credit cards are, as you might guess from the name, cards that offer you rewards for using them. These could be cash back, travel reward points, miles, or a slew of other incentives. Rewards cards are ideal for …
While traditional credit cards are great consumer products because they reward your spending, the best prepaid cards are useful because they can help you control your budget. If you are someone who needs to reign in spending or just get a better handle on your budget, then prepaid cards could be a good solution for …
Passing a rental credit check doesn’t have to be stressful if you prepare in advance. Before applying for a lease, be sure to check your credit report and fix any errors, gather pay stubs or bank statements to verify your income. You can also talk to friends or family to find a willing cosigner, save …
It’s hard to imagine a world without credit cards. They make it easy to reserve a hotel room, flight, or rental car—and to conveniently purchase gas, groceries, gifts, and more. Credit cards can help people build credit —and potentially earn cash reward points, among other benefits. With a credit card, you don’t have to carry …
Making every payment on time is the ideal way to build credit successfully. Broadly, the basic strategy for good credit is actually quite straightforward and intuitive: Be the kind of borrower you would want to lend to. Tactically, these seven steps might help. Acquiring Credit Turning to a spouse or parent for a joint account …
Did your credit scores drop for no apparent reason? Use these wise tips to boost your scores quickly, so an unexpected credit score dip doesn’t hurt your finances. Michelle B. says: “I normally don’t worry much about my credit score, and I don’t need to use it for anything right now. But my FICO score …
8 Reasons Your Credit Score Dropped and What to Do Read More »
More than 43 million people in America pay rent, but you wouldn’t know it to look at their credit reports. In fact, most rent and utility payments are not reported to the credit bureaus, which means you may not be getting credit for bills that you regularly pay. Here’s how to add rent and utility …
How to Add Rent and Utilities to Your Credit Report Read More »