Posts tagged as:

Credit card

Credit card companies: Just trying to make 30% on a buck

I’ve written before about the history of credit cards.  Here’s a satirical take on the industry from The Comedy Channel’s Colbert Report. Credit Check www.colbertnation.com

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The fastest way to increase your credit score

As credit cards balances get close to their maximum limits, your score will start to drop. In fact, a single credit card at its maximum limit can lower someone’s credit score by 75-100 points.  This drop in a score can be the difference between a mortgage loan approval or denial, or add 2% to the [...]

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Do this if you don’t have a 740 or Better Credit Score

You need to get your credit score to at least 740 in today’s economy. If your credit score is not a 740 or higher, you will pay more for things like home loans, auto loans, credit cards, insurance. The extra costs of all these things will make it very difficult to have extra money left [...]

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Credit Cards’ Ugly History

Credit Card interest can eat your financial lunch, if you let it.  The average interest rate on credit cards over 12%, and there is almost $1 Trillion in outstanding credit card balances. Some quick math yields over $120 Billion spent annually on credit card interest.  Since Interest on Credit Cards are not tax deductible, Americans [...]

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Improve your credit score – too much credit?

When you got a copy of your credit report (www.annualcreditreport.com) last week, I asked you to count your tradelines.  If you didn’t get your credit report yet, read this post first on how & why.  If you have been using credit for more than 10 years and have no late payments, you are at a [...]

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