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

Posted in Bad Credit, Report and Score 2 Comments »

You know that people with good and excellent credit are eligible for the best credit card deals with low interests and great rewards. While customers with a credit that needs some improvement or those with no credit sometimes have to bend over backwards to qualify for a credit card with a decent interest rate and a moderate annual fee.
This is fair to some extent. No doubt that people with good credit history didn’t get it like manna from heaven. They have worked hard to build a strong credit. And the banks’ policy is also quite clear. They prefer to deal with loyal, prosperous and creditworthy customers with good credit. Such clients roll in lenders’ good graces.
As for bad or no … (more) May 21, 2008

Posted in Low Interest 3 Comments »

Here are another three types of financial personalities, in one of which you might recognize yourself.
Financial Personality #4: The Experienced
Your Traits: You manage your credit cards in that responsible, confident way that is characteristic of people with sober mind, organized and business-like. You have your budget planned out, and keep your finances under control. You make your credit card payments on time and you have good or excellent credit.
What Credit Cards to Look for:You should get reward credit cards with some special rewards programs. Rewards that you can really enjoy. It can be an airmiles rewards card that gives you a chance to redeem your miles for an exotic vacation trip, or a card that will grant you a gift … (more) May 16, 2008

Posted in Choosing Cards, Credit Card Advice 2 Comments »

You have, probably, tested yourself answering a couple of psychological quizzes to find out what kind of person you are, what character you have, what psychological type you belong to, etc. But have you ever thought about getting to know what financial personality you have? I have found an interesting research on different types of financial characters.
Keep reading and you will learn something new about yourself and your spending habits. I was quite surprised. It’s fun, besides, you will find some useful information below, like recommendations on credit card choice and management for every type of financial personality.
Financial Personality #1: The Big Spender/The Diva
Your traits: You are a hard-working person, maybe even a workaholic to some extent. You earn good … (more) May 13, 2008

Posted in Choosing Cards, Credit Card Advice 4 Comments »

Yesterday when checking my organizer for the next week’s plans I looked at the date, and guess what… I’ve suddenly realized that it’s just 3 weeks left before summer is here! I love summer. Everybody does. Summer is the season of vacations and trips. Summer… beach, a lot of sun, sand, light sea breeze… That’s the way I spend my vacations. While many people choose a more active way of spending holidays – travelling.
Some just travel across the country, some go to see Europe, others decide to explore some remote corners of the world. Every type of “vacation activity” has its advantages. But not every budget can afford travelling. Actually, you can spend your total annual income during a couple … (more) May 8, 2008

Posted in Airline Miles, Rewards 3 Comments »

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

Posted in Report and Score 2 Comments »