How to Obtain A Free Credit Report Online?

Most of us are striving to be in a better financial position, especially during a time like these. There are numerous processes to climb the financial track and reach the top. It all, however, starts with a common thing – know where we stand now.

We all know a good way to know your current financial status is examining your credit report. However, not many know it can be availed freely one the web once a year. You can get a free credit report online to check your financial condition. Continue reading “How to Obtain A Free Credit Report Online?”

Do’s and Don’ts To Maintain a Good Credit Score Range

For those you aren’t aware of the importance of a credit score, let me tell you this, it is a vital component of the lives of people in the US. If you have a bad credit score, you don’t get a loan, job, mortgage, etc. And living without a loan is something that we, the population of America, have forgotten for many ages.

Consequently, it’s important to have and maintain a good credit score range to lead a happy life. Here are few do’s and don’ts to improve your score: Continue reading “Do’s and Don’ts To Maintain a Good Credit Score Range”

Know the Difference Between Credit Score and Credit Report

A couple of weeks ago, I helped my neighbor to obtain a copy of his credit score and credit report. I realized he didn’t know the difference between the two. Since that day, I asked numerous individuals about it, most of them unknown about the difference.

Here is the basic difference between Credit Score and Credit Report: Continue reading “Know the Difference Between Credit Score and Credit Report”

Cash Back Credit Cards – An Overview

I don’t really think anybody wouldn’t have heard of cash back credit cards. But for those who haven’t, these are promotional credit cards introduced by many banks and financial institutions. These cards offer 3%-5% cash back on purchases you make using these cards. Some cards, instead of giving back spot cash, help you earn points. When these points reach a certain level, you avail either cash or some prize. Continue reading “Cash Back Credit Cards – An Overview”

Paying off Debt is Not Enough to Maintain Your Credit Score

If you don’t owe any debt, always pay bills on time and never use your credit card. It doesn’t mean your credit score would be in good. There are many other minor things that have the potential to affect the score radically.

You don’t believe me? Get a movie CD on rent and don’t return it for a few days. And don’t blame me if you are declared as untrustworthy to receive a rented room just because of this incident. Continue reading “Paying off Debt is Not Enough to Maintain Your Credit Score”

How to Get Best Credit Card Offers?

People believe finding best among all the credit card offers to prevail in the market is the most difficult thing about choosing credit cards. I am not n exception. Though there are several companies offering great benefits, all cater to different needs. So, if you look from one perspective, it’s not difficult but impossible to find best credit card offers.

Hence, before you start with your exploration journey, I would suggest you identify a particular need or a perspective. This would give you are direction and a common platform to start with. Once you have derived this, it isn’t difficult to get the best offer in your hand. Continue reading “How to Get Best Credit Card Offers?”

Low Interest Credit Cards are Not Always Good

Low-interest Credit Cards are not always good especially if you don’t know why you are acquiring it. Besides, applying for every low-interest card that comes into your mailbox is probably the worst thing you can do to your credit score. Before we move on to why is it so, let’s understand what actually a low-interest card is.

Low-Interest Credit Card

It is a credit card with a lower interest rate or APR (Annual Percentage Rate) than other cards in the market. These rates usually range from 6% to 15%, depending on how creditworthy you are. Currently, there are three types of rates applicable to a credit card. Continue reading “Low Interest Credit Cards are Not Always Good”

How They Set Credit Limits on Credit Cards? And How to Increase it?

We all use dozens of credit cards, most of them have different credit limits, but we aren’t aware of how these credit limits on credit cards are set, are we? Let’s discuss how this thing works.

It’s been more than 5 years I have left my previous employment, which was a credit card company. However, I can still recall how they set credit limits for different people. There are two main factors that influence the credit limits on credit cards for an individual. These two factors are annual income and credit score. Approval of a credit card also depends mainly on these two factors. Continue reading “How They Set Credit Limits on Credit Cards? And How to Increase it?”

A Casual Letter to Credit Provider

Respected Credit Provider,

You would agree with me if I say things aren’t as smooth as they were before the financial crisis. Sometimes, however, I wonder about how you choose to lend money to some and reject others. Previously, I was a strong supporter of borrowing money and using it to prevent temporary financial problems. While I haven’t altered my opinions about borrowed money, I have started reconsidering whether the credit provider, which means you, deserve the support and respect offered by us, people in the US. Continue reading “A Casual Letter to Credit Provider”

How to File Bankruptcy Without a Lawyer

Filing for Bankruptcy is quite a stressful situation. People go for this option because they aren’t left with any funds to repay their debts. However, this process too asks for money as it involves hiring an attorney to perform the necessary process. So, instead of paying an attorney, you opt to do it yourself. But you don’t know how to file bankruptcy without a lawyer. Continue reading “How to File Bankruptcy Without a Lawyer”