Demystifying the Credit Scoring / Rating Process
Have you ever wondered if you had "good credit" or "bad credit" and how creditors, such as banks, determine if you are creditworthy. If so, you are not alone. For decades the procedure most creditors have used to determine your creditworthiness or rating has been shrouded in secrecy. Fortunately, though, recent legislation in California has [...]
How to Make Your Credit Cards Pay for Your Honeymoon
If you're like most American newlyweds, you'll probably budget at least $5,000 for your honeymoon. With some skill and flexibility, most of that won't have to be your own money. "Travel hacking" your honeymoon has become easier than ever, thanks to eager credit card companies and information you can look up for free online. Use [...]
Travel Cards, Tips
Credit Card Canceled Without Notice? Fight Back!
Following a series of shuddering changes in the economy, credit card companies have gotten tough in dealing with consumers. For years, lenders thrived on credit card customers who couldn't make payments on time, and companies reeled in late payment penalties and interest charges. But too many consumers defaulted on their debt, and now credit card [...]
Credit Card Help, How Cards Work
How One Credit Card Issuer Made Decisions: Ability, Stability, and Willingness to Pay
Lending decisions vary from lender to lender. The purpose of this article is to offer some insight into how I thought about credit card and loan applications while I served as credit analyst for a major credit card issuer.
There is a lot of fuss surrounding FICO scores and credit scores in general. These scores need [...]
Credit Card Companies, How Cards Work
Bi-Weekly Credit Card Payments Can Save $1000s in Interest Charges
Here's a little known tactic for getting out of credit card debt: Send in bi-weekly payments.
Say you owe $5,000 on a credit card with a 17% interest rate and 3% minimum payment. If you only send in the minimum amount every month, by the time you've paid off that $5,000, your interest bite would be [...]
Credit Card Interest, How Cards Work
Credit Cards can Help Reduce your Rental Car Bill
How to Rent a Car, Be Protected, and Save Money Too
If you're beginning to entertain thoughts of hitting the open road, maybe it's time for you to plan a get away. Before you do, it's in your best interest to think a little further ahead than just about when and where to go.
Like, say, how [...]
Credit Card Insurance: Is It Worth It?
A brand new year always starts off with new possibilities and opportunities. For many, a new year offers a fresh start, and thousands will make a New Year's resolution to get their financial matters more organized.
When sorting through various files regarding credit cards, many people may happen upon information regarding credit insurance. In fact, many [...]
Tips, How Cards Work
Card Registration Services
The holiday season tends to bring out the best in people. Joy abounds and the spirit of caring is all around. Unfortunately, the holiday season can also bring out the worst in some people--those who take advantage of the multitudes of shoppers armed with wallets full of money and credit cards.
Take a moment and think [...]
Fixed Rate vs. Variable Rate Cards
Rising interest rates have become the focal point of many recent conversations about credit cards. For consumers who carry a balance on their credit card(s), such conversations are often filled with disgust, anger, and confusion. You may be wondering why credit card rates are rising and what, if anything, that you can do to avoid [...]
Interest / Fees
Credit Card Debt Reduction Tips
In addition to encouraging credit card competition through promoting the most attractive cards in the country, we strive to help consumers cope with credit card debt by teaching various debt reduction strategies. We hope that you find the following tips beneficial...
Interest Rate Awareness:We can not stress enough the importance of being aware of credit card [...]