If you’ve never had a credit card of your own, you may be wondering if it’s worth it. The truth is, there are several tips first-time credit cardholders should follow in order to protect their finances and make using a credit card worth their while. Click below to learn the basics of opening and using…
With a huge purchase like a house, you need something in place such as homeowners insurance to cover you in the event of a loss. There is nothing like this peace of mind. But it’s important to know that even some insurance have limitations in it often referred to as “Acts of God”. Those can…
Everyday we hear people say “get your free credit report” or “get your free credit score”? But what is the difference? This is a good question that a lot of people don’t’ understand. The credit report is a detailed outline of your credit history. Your score is a number generated based on the things in…
Do you just have credit cards on your credit report? Do you just have a car loan? How about a mortgage? What you may not realize is that having just one kind of credit actually hurts your score. It’s always better to have a mixture. It makes up about 10% of your total score. See…
If it was difficult for you to get a car with your bad credit, it may be hard for you to lease a car too. Although leasing a car is cheaper than buying, companies may still make it hard to lease if you have less than perfect credit. Your credit score will determine the lease…
Having two or more credit cards can affect your credit score in many ways. It can be negative when the only type of credit you have is in the form of credit cards. Your credit should be diversified among various forms of credit and not just credit cards. It could also hurt your credit score…
There are two kinds of inquiries that can happen on your credit report. They are hard inquiries and soft inquiries. In part 1 of Difference Between Hard Credit Inquiries and Small Credit Inquiries, we covered what hard inquiries are. In part 2, we will cover soft inquiries. What is a soft inquiry? These types…
When you reach a credit score of 700 or above, you’re in a whole other league in the world of credit. A score that high can mean the difference in getting a home loan, or a car loan at a great rate versus triple the rate. It can mean the difference in getting an airline…
Areas of your credit card statement to pay attention to: Finance charges. These charges are the amount of money you will be charged if you do not pay off your balance in full. Grace period. This is the period of time you have to until your payment will be deemed as late. There is also…
When you’re ready to apply for a new credit card, keep in mind the terms and conditions. Read through them carefully. By doing so, you ensure that you are aware of the introductory rates, annual fees, overseas transactions fees, APR details, balance transfer fees, and more. See More Here