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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.

Credit Score Changes

If your credit is tarnished you may be looking for credit alternatives, along with hundreds of thousands of other consumers. The explosion in credit spending and then the subsequent recession have left many financially damaged and in despair. Whether the culprit was a job loss or being over extended getting yourself back on track is the next step to improving your credit worthiness.

Losing access to credit cards is a major life changer for many. Credit cards not only make for convenient shopping but are also mandatory in many scenarios where a Visa or MasterCard must be made available to shop online, rent a car or hotel room, and more. Even worse is when you need to rent an apartment or apply for a job but your credit history won't have it. Not to mention that a car loan or buying a home are completely out of the question when your credit is caput.

Is it time to throw in the towel and move in with your mother-in-law? No. But, how do you begin improving your credit when no lenders are interested in you? A detailed plan of action, to improving your credit, should be your next move. Here's where to start:

  • Start with a Credit Card
    Are you thinking that this is where your trouble began? Believe it or not, creditors want you to show your credit worthiness even if you have to start with a secured credit card. Secured cards work in conjunction with cash collateralization. That means you send a cash payment, of say $200, and the secured credit card company will grant you around $200 in credit minus a fee. After several months of responsible spending a secured credit card company will often issue a line of credit.
  • Focus on Your Payment History
    When you're finally able to obtain access to a line of credit, care for it with top priority. Lenders and creditors will watch every step you take and only one blip in your spending or a late payment could be a big step back. If done consistently, you will eventually earn a larger line of credit at a more affordable rate. Remember that payment history is one of the top contributing factors to your credit score and is a large aspect of gaining approval from future lenders.
  • Mind Your Balances
    In your mission to improve your credit you need to also focus on how much of your credit line is available at all times. You will be seen most favorable if you consistently keep your outstanding balance no higher than 1/3rd of the credit line. That means if you have $500 in credit you should only have $150 or less utilized on a regular basis.

When you’re down and out on your financial luck the only smart move is to take action. If you can't get approved for a regular credit card, start with a secured credit card. Focus carefully on making payments early, every month as well as maintaining a balance that that is equal to or less than one third of the granted line of credit for best results.

What really matters with your first credit card

If you're in college, look into a student credit card. Don't have a credit history yet Consider applying for a secured card, one that requires a cash deposit. Or ask a parent to add you as an authori...

Published:  Tue, 14 Aug 2018 07:35:00 GMT



Can I Consolidate Credit Card Debt Into a Mortgage

Credit cards are an unsecured debt, which means it is riskier for the lender to provide you these microloans than to provide you the funds to purchase a home, which is a secured loan. Since mortgages ...

Published:  Mon, 13 Aug 2018 12:24:00 GMT



SmartMetric Develops A Biometric Portable Health Records Card That Stores Your Medical Records Inside the Card That Is Secured By Your Fingerprint

NEW YORK, Aug. 07, 2018 (GLOBE NEWSWIRE) -- SmartMetric, Inc. (OTCQB:SMME) - Continuing SmartMetric's leadership in the invention of fingerprint secured ... RECORDS CARD Inside the SmartMetric biometr...

Published:  Tue, 07 Aug 2018 11:02:00 GMT



Why Should I Sign Up for a Secured Credit Card

Credit cards are useful tools for establishing yourself as a responsible payer in the eyes of financial institutions. Use them properly, and you'll build a history that will make it easier for you to ...

Published:  Sun, 22 Jul 2018 12:32:00 GMT



How to Convert a Secured Credit Card to an Unsecured Card

A history of missing credit card payments, filing for bankruptcy or other financial stumbles can make it difficult to get a credit card. However, you have another option. Applying for a secured credit ...

Published:  Mon, 23 Jul 2018 13:00:00 GMT



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

What you'll find is that not all cards for people with poor credit are bad. Some cards, like the Secured MasterCard from Capital One, can be a good tool to build or rebuild your credit. How to Get a C...

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



The Benefits of a Secured Credit Card

Unable to get a credit card If so, it may be harder for you to build a good credit rating, making everyday life tasks like making a hotel, plane or car reservation a little more difficult. The same g...

Published:  Thu, 12 Jul 2018 09:45:00 GMT



Secured Credit Cards: Who Can Avail Them

A credit card is a good borrowing tool to tide over shortage of funds. It is extremely convenient to use and carry and so is preferred by many. For a salaried individual, having a credit card is not d...

Published:  Thu, 05 Jul 2018 06:22:00 GMT



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