March 17, 2018

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Take Charge of Your Credit Score


Top Consumer Reviews Articles 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.

How to Get the Best Credit Card with Bad Credit

If your credit isn't in tip-top shape, and you want to work on building it, you may be wondering if you can even get a credit card in order to do so. Yes, your bad credit is going to stonewall for getting a premium credit card. But, unless your credit ...

Published:  Fri, 16 Mar 2018 12:44:00 GMT

Best Credit Cards for Bad Credit

Advertiser Disclosure: The credit card offers that appear on the website are from companies from which this site receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they ...

Published:  Wed, 07 Mar 2018 10:40:00 GMT

9 Ways to Build Credit Without a Credit Card

Credit cards are one of the best tools around for building credit ... Taking on student debt just to build credit is a bad strategy. Peer-to-peer (P2P) loans are made by individual investors instead of traditional financial institutions, with the accrued ...

Published:  Fri, 09 Mar 2018 11:19:00 GMT

Think before you lend your credit card to others

The credit card issuer generally doesn't care who uses it, as long as the bill gets paid by someone but card sharing increases the risk of a bad outcome. Many people do share their credit cards without incident, especially with family. Approximately 30% of ...

Published:  Thu, 15 Mar 2018 05:37:00 GMT

Americans Are More Likely to Track Their Weight Than Their Credit Card Balances

So if you've been charging up a storm without putting much thought into it, it's time to change your ways. Credit cards tend to get a bad rap because they lead to debt scenarios that can hurt consumers. But the fact of the matter is that if you use your ...

Published:  Sun, 11 Mar 2018 06:36:00 GMT

Can Bad Credit History Affect Chances To Get The Job

Do not panic, bad credit history can be improved if you apply for one of the top 4 secured credit cards to rebuild bad credit and then manage to repay the balance on time. How Credit Score Can Influence Employer's Decision Looking through your credit ...

Published:  Tue, 13 Mar 2018 08:28:00 GMT

What Happens If I Have A Toys "R" Us Credit Card The Store Closings Have So Many Effects

In general, though, what happens to store credit card holders when a company goes out of business Hate to bear bad news, but you will still have to make payments on any debt. "Almost always, the outstanding credit card balance is still outstanding ...

Published:  Fri, 16 Mar 2018 09:56:00 GMT

A Quick History Of Slow Credit Cards

More passengers meant longer lines. And that was especially bad because this was the era when customers paid for their tickets right there at the airport - often by credit card. Back then, paying by credit cards was a whole ordeal. The airlines had to ...

Published:  Thu, 15 Mar 2018 08:17:00 GMT

Top 6 Credit Cards For Bad Credit in 2018

These credit cards have either a low on-going interest rate, low introductory interest rate, or low on-going fees. Most of these cards also have reasonable rewards programs and additional card perks. Rewards are one of the most requested features in credit ...

Published:  Tue, 13 Mar 2018 08:23:00 GMT

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