A Credit-free Card: What Is A Prepaid Credit Card?
In this high-tech era of computers and machines, the purchasing
power of people is mostly based on credit. Nowadays, credit
cards are almost indispensable in almost any business
transaction. For one, nobody can purchase anything online
without a...
Credit Card Offers
Are you getting sick and tired of all the credit card offers that magically appear in your mailbox? Well, you aren't the only one. Part of the reason why you are receiving so many of late is because the Fair Credit Reporting Act (FCRA) was changed...
Credit score – for scoring the right loan
Somebody once said, “There is always a way of knowing your limitations and going beyond it.” It is fundamentally true with respect of credit score. There can be nothing more rewarding during loan borrowing than knowing your credit score. There are...
Different Credit Card Terms
Although everyone knows what a credit card is, recent studies
show that almost thirty per cent of credit card users asked
didn't know the meaning of several terms related to credit cards.
This small glossary aims to reduce this percentage by...
New Concepts In Credit Scoring
Did you ever think that applying for a car loan would require scoring well on a test that you've been taking for years but never really studied for? Scores are how creditors determine your creditworthiness and the likelihood that they are going to...
Can Stoozing Damage Your Credit Card Rating?
People who stooz credit cards may make money in the short term,
but if they are not careful their credit rating may be damaged.
Stoozing credit cards by taking 0% interest introductory offers
can be lucrative. Many people make thousands of pounds using
this method over and over again. The problem comes when you have
too many applications for credit on file, which can have an
adverse effect on your credit rating. Credit ratings (or credit
scorings) can be effected by many different factors, including
changes of address, changes of employer, defaults on payments
etc, but did you know that your credit rating can be effected by
the amount of applications
you make for credit, and also the
amount of credit available to you at any one time.
Credit card companies, banks and hire purchase companies all
share information about their customers. This can lead to your
credit score being reduced if you have stoozed lots of credit
cards. Try to apply for as few cards as possible, and leave the
applications as late as possible to spread them apart if you are
a stoozer. Also try not to apply for any credit facility that
you may not need.