Credit Cards - Bad Credit

How an Unpaid Debt Affects Your Credit

Credit Cards — Thu, 09 Jul 2009 08:36:12 +0000

An unpaid debt shows up on your credit report and is often called a charge off. This indicates that the lending company tried to get the money back from you but was unsuccessful in their attempts. An unpaid debt that is in the midst of being paid, such as an ongoing, revolving credit card, does not affect your credit negatively.

Tips For Dealing With Credit Bureaus

Credit Cards — Thu, 09 Jul 2009 08:35:50 +0000

Credit bureaus are those agencies where credit information is filed from lenders and collection agencies. Anything that is reported on your credit is brought to the attention of one or all of the three main credit bureaus. These agencies do not create the information that is listed on the credit reports.

Am I a Real Credit Damage Victim?

Credit Cards — Thu, 09 Jul 2009 08:35:23 +0000

Can I get Paid for being a Credit Damage Victim? Your answers to these questions will help you know if your credit is damaged due to someone else doing something that hurt your credit. What is Injury?

Discover Card Account Login

Credit Cards — Thu, 09 Jul 2009 08:35:20 +0000

You can have a secure online access to your Discover card account through Discover card account login. The account center through which you access your account is secured by the highest Internet security Secure Sockets Layer (SSL) encryption. Your information is safe through this enhanced security. It makes it impossible for anyone to access your account, unless you have inadvertently, or otherwise, disclosed your account login information to others.

How Bankruptcy Affects Your Credit

Credit Cards — Thu, 09 Jul 2009 08:35:08 +0000

Bankruptcy affects your credit in a very negative way. In fact, bankruptcy is probably the worst item that you can have on your credit. There are two types of personal bankruptcy – Chapter 7 and Chapter 13. Of the two, Chapter 7 is considered the worst.

The Four Horsemen of Bad Credit That Will Hinder Your Loan Prospects For Years

Credit Cards — Thu, 09 Jul 2009 08:34:56 +0000

There are many items on your credit report that will negatively impact your score, but there are four things you should attempt to avoid at all costs as they instantly equal bad credit and will hinder your future financing. Late payments, missed payments, overwhelming debt and the like do not hold a candle to the four horsemen of bad credit, namely, bankruptcy, foreclosure, repossessions, and collections. Having a bankruptcy on your credit score will seriously undermine your ability to acquire credit in the near term.

Credit Card Balance Transfers to a Debt-Free Life

Credit Cards — Thu, 09 Jul 2009 08:34:53 +0000

Going for a credit card balance transfer basically means to reassign your credit balance or debt. The transfer is mostly made from your current card to another with a lower interest rate. Hence, your debts will be consolidated.

Credit Card Issuers Will See Limits on Fees

Credit Cards — Thu, 09 Jul 2009 08:34:41 +0000

Credit card issuers make a lot of money from fees, but that money stream will be slowing down once the Credit Cardholders’ Bill of Rights comes into effect. One of their favorites has been over limit fees. When you went into a store and charged just a few dollars too much, they’d approve the charge – but then hit you with a fee. And if you then went into another store and made another charge – you’d get another fee. If you didn’t pay attention, this could really add up.

No Credit Card History – No Worry!

Credit Cards — Thu, 09 Jul 2009 08:34:30 +0000

When you think this is the right time for you to have your first credit card, one good resource is considering browsing from the internet. There are many ways to apply for. Most of the time people with no credit card history getting pessimistic about their chance to have one.

FICO Score – What is It?

Credit Cards — Thu, 09 Jul 2009 08:34:09 +0000

A FICO score is a credit score used to measure the creditworthiness of an individual. The FICO score is used by the three major credit bureaus – Experian, TransUnion, and Equifax. It is the most popular representation of an individual’s credit score and is also the most commonly used in the United States. It uses information from an individual’s credit reports and can forecast whether that individual would be able to pay his/her debts.