If there are old merchant cards and other credit cards taking up space in your wallet, you may be tempted to close those accounts, since you don’t use them anymore. However, that would be a bad move for your credit score. Even though you’re not using them, those old credit cards are helping your credit [...]
Does a college student need a credit card? Better yet, should a college student apply for a credit card? We all know that new credit card laws have made it more difficult for college students to obtain a student credit card. Now college students (and anyone that signs for them) need to think twice before [...]
Question: What will happen if I don’t pay my credit card bills? Answer: The first thing that happens is a derogatory remark of late payment goes on your credit file when you are 30 days, 60 days, and 90 days late. Your credit score is based 33 percent on payment history, so any late payments [...]
You’ll notice that there are many people who have mixed feelings about credit cards. For some of them are horrible and something they want to and never had another love them because of all the benefits and perks I’has received in recent years. If you’a student who is looking for your first or another credit [...]
Settlement of the debt or otherwise called debt negotiation is an attempt to reduce outstanding debt when the creditor agrees to receive a payment of subsidies that would be considered full payment. Debt negotiation is a great way to pay for any type of credit card debt, but many are not aware of this option. [...]
Identity thieves others to use personal information for many things. The most common use is the credit card fraud. After obtaining a target of personal details, thieves can open new lines of credit, to divert the credit card accounts available, and go on spending sprees with other people’s money. Here is an overview of the [...]
Q: I had credit scores around 740, that before I was 30 days late twice in 4 months on three credit cards with different issuers. I am currently settling credit card debt with Bank of America. I had to take a much lower paying position, hence must settle. The deal is quite good, settling $12,000 [...]
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