March 23, 2018

Home  >  Zero Interest Rate Credit Cards  >  Articles

Your Information Is Secure
Credit Cards: The Lowdown Newsletter

Latest Reviews

Air Purifiers

Baby Cribs

BBQ Sauce Clubs

Candy Clubs

Dog Beds

Graduation Invitations

Hair Care Products


Mystery Shopping

Web Hosting


Related Articles

How to Compare Credit Card Companies

Important Things to Know About Credit Cards

Improving Your Credit


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.

Improving Your Credit

Your credit score and credit history are critical to your future - you're financial future that is. Your credit score impacts not only your ability to get that next car loan, a decent credit card, approved for a home but even have access to many jobs. Creditors and employers see your past spending and financial behavior as an indicator of your future. If you've run into a little trouble in the past, it's time to take action now to improve your credit and future opportunities.

Know Your Rights
If your goal is to repair your credit you need to first read up on credit laws and the rights of consumers. You aren't allowed to remove accurate financial reporting but, via the Fair Credit Reporting Act, you can request that companies prove any bad postings to your credit report. When you do submit your dispute (mail, phone, online) you have to include a copy of the actual credit report item. Highlight which entry you're referring to so that you're effort is not wasted. If they can't show specifically what occurred they are required to remove the negative entry. This can have an instant positive impact to your credit report. Also, your credit report should not reflect any negative information that is seven years old or greater unless it is a bankruptcy. Bankruptcies are reportable for ten years and then must be removed. Read over your credit report very closely to identify bad postings and reporting. The Fair Credit Report covers several elements of your credit related rights and should be reviewed in full to best understand what action you can take to repair your credit.

Take Ownership
No matter how your credit got into bad shape, for example a divorce or major illness, take ownership of your credit score. To get your credit back into decent shape you'll need to o lay out a plan of attack. Unfortunately you can't fix your credit right away but sometimes over several months or a year you'll see those numbers start to head in the right direction. One way to get organized and headed in the right direction is to request a monthly or quarterly credit report. Many services offer regular statements as well as alerts should a credit check or credit event occur. Also, vow to be a responsible spender from here on out. If you still have open credit cards, make at least the minimum payments on time each and every month.

Your credit history will make or break your financially. Poor credit can prevent you from getting homes, credit cards, automobiles, jobs and much more. Begin to repair your credit by educating yourself, taking ownership and changing how you use your credit in the future.

How The Fed Rate Increase Impacts Credit Card Debt

That means borrowers will likely see their credit card interest rate increase within a day of the federal funds rate increase. When you hear that the Fed has increased rates by 0.25%, you can expect your credit card interest rate to increase by 0.25%.

Published:  Thu, 22 Mar 2018 10:16:00 GMT

How Federal Reserve rate hike will affect mortgages, auto loans, credit cards

For a $10,000 credit-card balance, a quarter-point hike is likely to add $25 a month in interest, Rick says ... He expects average one-year CD rates to rise from about 0.5% to 0.7% by year-end. Yet a handful of online and community banks, credit unions ...

Published:  Wed, 21 Mar 2018 04:00:07 GMT

How to lower your credit card costs before the Fed starts hiking rates

The good news is that interest rates remain historically low, so card companies are offering cards that boast long-term zero percent balance transfers. If you have balances on a number of variable-rate credit cards, consider consolidating them all to a ...

Published:  Tue, 20 Mar 2018 08:04:00 GMT

It's going to cost us: As the Fed raises interest rates, the cost of credit cards, car loans and mortgages will rise

That's because credit card companies generally offer variable interest rates that are adjusted in real ... The increase in the federal funds rate announced Wednesday - 0.25 percentage points to a range of 1.5 to 1.75 percent - won't make a huge ...

Published:  Thu, 22 Mar 2018 14:15:00 GMT

If You Insist on Paying Taxes With a Credit Card, Here's How

But if you insist on paying your tax bill with a credit card, tax pros say either of these tactics might work - if handled carefully. How it works: You use a card with a 0% introductory interest rate to pay your tax bill on time, then you pay off the ...

Published:  Thu, 22 Mar 2018 14:14:00 GMT

As Fed raises rates, look for higher costs on credit cards, car loans and home mortgages

That's because credit card companies generally offer variable interest rates that are adjusted in real ... The increase in the federal funds rate announced Wednesday - 0.25 percentage points to a range of 1.5 to 1.75 percent - won't make a huge impact ...

Published:  Thu, 22 Mar 2018 10:52:00 GMT

Share Us!    Share on Twitter Share on LinkedIn Share on Google+ Share on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure