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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.

New study highlights just how bad Americans are with credit cards

A new study details how Americans manage credit cards and how stressful credit debt can be. Commissioned by Clever Real Estate and conducted by online polling software Pollfish, the report looked ...

Published:  Sun, 17 Mar 2019 09:59:00 GMT



Why Reward Credit Cards Can Be Bad For The Poor

This isn't about shaming anyone. I've been there. I lived in a tiny town in South Dakota and earned $6 an hour cleaning floors for local supermarkets. I was broke. I borrowed money from my family. My ...

Published:  Sat, 16 Mar 2019 07:30:00 GMT



9 States With the Most Credit Card Debt

In America, we love our credit cards. In fact, in the second quarter of 2018 Americans ... the fact more people in America are going into debt across the nation is bad news. When people are in debt, ...

Published:  Sun, 24 Mar 2019 23:21:00 GMT



Apple spotlights services with TV, gaming, credit card

Here's how long bad credit stays on your credit reports Apple Inc attempted to reintroduce itself on Monday as an entertainment and financial services company that also makes iPhones as it launched a ...

Published:  Mon, 25 Mar 2019 14:54:00 GMT



With Merchant Fees in Sight, a Blockchain-Based Credit Card Promises Lower Acceptance Costs

The private credit card can do that because it uses blockchain technology to ... and the number pad within the merchant app is always random to circumvent bad actors from trying to identify patterns ...

Published:  Mon, 25 Mar 2019 08:17:00 GMT



High Credit Card Debt May Be Bad For Your Health, Study Suggests

COLUMBUS, Ohio - High levels of credit card debt and debt stress may be bad for a person's health, a new study suggests. Researchers at Ohio State University found that people who reported higher ...

Published:  Mon, 18 Mar 2019 16:16:00 GMT



Rising Credit Card Use Is Bad News

Your article was successfully shared with the contacts you provided. Image: Shutterstock. Even though evidence is mounting that the U.S. economy may be soon heading into a recession, there are plenty ...

Published:  Fri, 18 Jan 2019 11:26:00 GMT



How Do I Get a Credit Card with Bad Credit

Bad credit is kind of like a toothache, when it doesn't hurt, you didn't think about it twice, but one morning you wake up and it's the bane of your existence. You probably found out about your bad ...

Published:  Sat, 16 Feb 2019 16:00:00 GMT



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