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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.

Is it Bad to Close a Credit Card

If you're trying to improve your credit score or simplify your finances, it could seem like a smart idea to close an unused credit card or two. However, many people who do this are shocked a few weeks ...

Published:  Tue, 16 Oct 2018 05:56:00 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 var...

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



7 Bad Credit Card Habits You Can't Afford to Keep

Here are the top seven credit card mistakes you should avoid at all costs. Here are the top seven credit card mistakes you should avoid at all costs. Home Mail News Sports Finance Celebrity Style Movi...

Published:  Sat, 27 Jan 2018 03:40:00 GMT



Discover topping credit-card rivals in growth-and bad loans

As 2018 dawns, Discover Financial Services finds itself a leader in an unfamiliar category: bad credit-card loans. Probably not coincidentally, the Riverwoods-based credit-card company is growing its ...

Published:  Fri, 19 Jan 2018 08:30:00 GMT



5 Signs of a Bad Credit Card

Searching for the right credit card can be difficult-you're constantly barraged with gimmicks and "special offers" and cards that are too good to be true. To help navigate this process, we've assemble...

Published:  Sun, 26 Nov 2017 22:08:00 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 fac...

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



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