How does it feel to have fair credit? Is it a premonition of dropping down to demonic bad credit or an anticipation of becoming a rightful owner of angelic good credit? To tell you the truth, I am an experienced possessor of fair credit in the past. And to me it was like riding a rollercoaster. One moment you slowly crawl up and score the cherished points and good credit seems to be within your reach. Then bang! You make a little financial misstep and your credit roller coaster carriage rushes down in a free fall.
Actually, it is not even about how it feels to be a fair credit owner. What really matters is whether this type of credit score … (more) July 11, 2008

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When people decide to start their own family, especially if they are young, most tend to think that they are tying the knot with the tongue not to be undone with the teeth. Standing at the altar exchanging wedding vows very few couples think about marital agreement. Husband-and-wife-to-be hope their marriage will last till death do them apart.
And of course, an overwhelming majority of the just-marrieds do not even think about how divorce can affect their credits. However, if we take a closer look at the financial problems caused by divorce, credit score drop will definitely be in the top 5.
So, how come former spouses can face bad credit just for the reason they have split?
Joint credit card accounts and … (more) May 27, 2008

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A credit card with no credit limit seems to be the dream of every card holder. It feels so good to buy whatever you want and just overlook prices. Unlimited credit card freedom attracts a lot. Like in the Nickelback’s song “I need a credit card that’s got no limit and a big black jet with a bedroom in it…” Well, maybe having a black jet with a bedroom inside is really a prerogative of big rock stars, but getting a no-limit credit card is available to ordinary people with good credit.
But even if you are sure that you can afford having a no-limit plastic, I mean, you feel confident about your income, do not rush to apply for it. … (more) May 2, 2008

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And once again about your credit report. This issue is inexhaustible, as credit report is one of the key components of your financial standing. And good credit report makes you a welcome client for every credit card company, and makes you eligible for excellent and good credit cards.
Whenever you turn to a lender trying to qualify a credit, loan, or mortgage, or even intend to rent an apartment, get insurance, or secure some types of employment, they turn to your credit score, credit history and credit report. Where do they get information of this kind? Right. They contact one or more credit bureaus. I will remind you that the three major ones in the US are Equifax, Experian, and TransUnion. … (more) March 18, 2008

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When you apply for a credit card your credit score is the major starting point for you to choose a plastic, no matter if it is a business credit card, a consumer card, or any other.
Credit card holders often face the problem of understanding the credit related lingo. There are so many confusing terms concerning credit and finances. A person with no special education can easily get mixed up with all those notions. Personally I a few years ago had problems with differentiating debit and credit cards. But, probably the greater part of confusion is caused by the term “credit score”.
There are no serious problems with understanding what a credit score is. The thing is that, first of all, there … (more) February 5, 2008

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There’s a reason why Santa Clause makes his list and then checks it twice!  It’s because people make mistakes.  Because people make mistakes, and because your credit score is calculated based on the information that people enter about you into a file- don’t you think you should get your list and check it twice?
Or at least once a year from each of the three major credit bureaus.
You’re entitled to a copy of your credit report for free, once every 12 months.  Many people either do not know about this, or just don’t take advantage of it.    Why would you want to leave the fate of your future in the hands of people and companies that really don’t know you … (more) October 17, 2007

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