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TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Take Charge of Your Credit Score

The bad news is that youíve come out of the recession with shaky credit but the good news is that poor credit is only temporary. Many Americans have suffered a serious financial setback in recent years. Remember that youíre not alone and itís not as embarrassing as you might think. But, itís time now to own your credit score and take charge of your financial health. Several steps can get you on the road to improving that fledging score into something that is much larger and more powerful in the eyes of lenders.

  • Take a look at the damage. Obtain a copy of your credit report from all three agencies. More often than not youíll find reporting inaccuracies. Hereís your chance to instantly improve your credit score. Dispute any inaccuracies with the respective lender. Often credit card companies are unable to provide proof of the negative occurrences and will be required to reverse the entry with the reporting agencies. Continue to periodically review your credit history to identify inaccuracies and monitor your progress.
  • If you still have any open credit cards look for those with unfavorable characteristics such as being over the credit limit. By bringing balances within the credit limit or preferably lower youíll see an improvement to your credit score. Ideally a credit balance is maintained at 30% of the available credit or lower to get the praises of credit card companies.
  • If you canít afford the minimum monthly payments on your existing credit cards many companies are willing to talk to you about creating a payment plan. This will not improve your credit score but will help stop the bleeding.
  • If you donít currently have any credit cards open in your name look for those that are designed for people in your situation. Secured credit cards that report to all three agencies are going to be your best option to directly improving your current credit score. Of course, thatís only if you spend responsibly and make monthly payments on time every month with no inconsistencies. When choosing a credit card make sure youíre mindful of the fees associated with the application process and any annual charges. Often youíll have to live with fees associated with these types of credit cards but make sure to identify the costs ahead of time.
  • Utilize your new credit card each month but do so in a responsible manner. Youíll get the biggest credit score boast by regularly using your credit card while keeping the spending down and paying off the balance each month when possible. You donít have to buy frivolous goods with your credit cards Ė use them to pay every day expenses such as cell phone bills or grocery purchases.

Taking charge of your credit score, after a rough patch, is a great way to get yourself and your credit history back on the road to financial strength. Consider opening a new credit card to prove to lenders that you can be a responsible consumer if given the chance.

6 purchases you'll regret putting on your credit card

6. Stocks and other investments. It's not only difficult to buy investments such as stocks with credit cards, it's also a bad idea because there are such high risks involved. By way of example, Marketwatch recently reported on one Canadian financial ...

Published:  Mon, 18 Jun 2018 10:00:00 GMT



If You've Got Bad Credit, This Card Can Help You Fix It-and Won't Charge an Annual Fee

Finding great credit cards for people with bad credit can be difficult. If you have no credit history or a bad credit profile - in general, that means a FICO score of 600 or lower, though this can vary depending on the lender - getting credit may not ...

Published:  Tue, 12 Jun 2018 12:22:00 GMT



How to buy a car with bad credit

"As long as the card issuer reports your payment history to the three major credit bureaus, you'll begin to rebuild your credit history and bring up your FICO score." However, "if you have bad credit because you misused credit cards, this is not a ...

Published:  Sun, 17 Jun 2018 21:24:00 GMT



Credit-card experts explain the extent of Obama's deception

After writing twice about the deliberate decision by the Barack Obama campaign to avoid validation checks on credit-card contributions, I've heard from a number of people in the credit-card industry on how this works. Two explanations in particular ...

Published:  Sun, 10 Jun 2018 07:01:00 GMT



Mnichelle Singletary: The end of credit card signatures is bad for consumers

WASHINGTON - In hawking its iPhone X, Apple produced a pretty fly commercial. Fly as in stylish. Or, "totally lit," as teens say. Apple's "Fly Market" ad highlights how easy it is to pay with your face. Three seconds. That's all it takes for the actor ...

Published:  Wed, 16 May 2018 02:07:00 GMT



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