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CONSIDER DEBT WORKOUT. Nervy!!!

-- Avoid bankruptcy at all costs and explore a debt workout by having an attorney contact creditors to reduce balances or extend payments. permalink
Do having department store cards affect your credit report? How many of these cards are too much?
-- Department store cards can help or hurt your credit, depending on whether they are reported to the major credit bureaus and whether you pay on ... more

CARD PRIZES. Winnow!!!

-- Most credit card issuers offer rewards but the major credit card brands or networks also automatically enter you in some exciting sweepstakes. Review your wallet before you pay. permalink
Can I ask for a credit line reduction?
-- Yes. But unless you have a good reason – someone who’s on the account may overspend, why would you? Lowering your credit line will not improve a FICO credit score and may hurt it. permalink

DOUBLE JEOPARDY. Precariousness!!!

-- Stuff offered on the Internet with unbelievable prices may have been purchased with stolen credit cards. These same cyber-criminals also want to capture your credit card info when you purchase the stuff from them. permalink
Does adding someone else to my account as an authorized user help their credit score?
-- If the issuer requires a social security number for an authorized user, the account is in good standing and has been open for a long time, then the ... more

BUILD YOUR SCORE. Brainy!!!

-- Keep credit card balances under 40% of the credit line or ask for a credit line increase to lower your percentage. Either way it will boost your credit score. permalink
What does "No Grace Period" mean?
-- You will be charged interest on all transactions from the date of transaction or the date it posts to your account. With most credit cards, if you ... more

OVER-LIMIT GOTCHA. Ouch!!!

-- Going over your credit limit at any time, even during a billing cycle, can cost a fee. Play it safe - always stay 10% or more under your credit limit. permalink
Does having department store cards affect your credit report? How many of these cards are too much?
-- Most issuers offering cut-rate credit cards require excellent credit and may limit credit lines to less than $5,000. Some may charge an annual fee, ... more
Showing entries 1 - 10 of 102 Previous [ 1 2 3 4 5 6 7 8 9 10 11 ] Next
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