List/Grid Tag Archives: Credit

The Potential Pitfalls Of Self Credit Repair

If you have some inaccurate credit and you need credit repair you do not need to hire a professional. You can do it yourself for free and the credit bureaus even provide forms on their websites the help you expedite the process. You absolutely have the right to repair your credit yourself. It may seem like a simple and inexpensive solution to just do it yourself. After all, how hard can it be? You just get a copy of your credit report, identify the inaccuracies, fill out the paperwork, submit it and wait for the listings to be deleted. Anyone can ...
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Should You Use Department Store Credit Cards?

Do you apply for, and use, department store credit cards? Do you think there are any advantages or disadvantages to using them? Some of the disadvantages really only apply to people who are unable to pay their amount owing in full each month. Why? Because most often department store credit cards charge very high interest rates and if you simply make the minimum payments each month your purchase will quickly cost you double what you actually paid for it. Department store credit cards are great for someone that needs to improve their credit score. ...
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5 Ways to Manage Your Credit

Reputation is very important — whether in your personal life, at work, or where your finances are concerned. Your credit score is your “financial reputation”. The better your credit score, the more likely you are to get low-interest rates, loan packages, and higher credit card limits. More importantly, a lot of employers now look at an applicant’s credit score for evaluation. In fact, the importance of the credit score has crept into dating; why date someone with very poor credit score and get yourself into potential financial ...
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Demystifying Four Credit Myths

There are many myths when it comes to your credit score and credit report. These myths will probably always float around in space somewhere, but if you are reading today’s post and read my blog, then hopefully we can demystify these credit score and credit report myths and make everyone just a little bit smarter today. Below are four common credit score and credit report myths that you may have heard of and even fallen for: 1. Does your job affect your credit? Your job and your income have absolutely no effect on your credit score. In fact, ...
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Financial Life Is Easier With High Credit Scores

Most people will experience a credit problem or two in their lifetimes as very few people can escape all of these problems. Credit is typically a necessary and required fact of life. The majority of people will require credit for the purchase of the larger items like houses and cars. Bad credit may be a problem but it is a good thing that there are steps you can take to repair or improve your credit. Get a copy of your credit reports. The first thing that you should do before you start a credit repair strategy is to get a copy of all three of your ...
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The Crazy Credit Catch-22

Remember Catch-22 and that “damned if you do, damned if you don’t” mentality? Well that is exactly how credit works these days. If you are responsible, pay off all your debts on time and live a relatively debt-free, all cash life, you can be penalized by mortgage companies when you want to purchase a home. or penalized by credit card companies if you want to get a credit card. This happens even if you are financially responsible and living completely within your means. Side note: If you are looking to increase your credit score, you can ...
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7 Tips To Avoid Identity Theft

If your identity is stolen it can wreak havoc on your credit report, your credit score and your financial life. Take a few precautions to avoid identity theft. Make sure that you practice safe banking, safe computing, and safe business practices. 1) Keep all of your account numbers and PIN numbers safe. Cover your account and PIN numbers when using debit at the store or especially at an ATM and refuse to give your PIN number to anyone. Avoid writing down your PIN and account numbers – you never know when this information could fall into the wrong ...
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Four Potential Credit Card Scams

When you’re working to perfect your credit, beware of potential scams that can hurt you along the way. With new technology that is always getting better and smarter you need to be careful of the offers that you take advantage of or they may take advantage of you. Do you need to pay for lower interest rates? NO! You do not have to pay for a lower interest rate on your cards. You can negotiate that yourself without a fee so if you get an offer for a lower rate and all you have to do is pay this upfront fee, be wary. Be especially careful if ...
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