No one wants to declare themselves bankrupt. But for many, it is their only option. After being declared bankrupt, there is no reason why you cannot work to get a better credit score and obtain an unsecured credit card. It won’t happen overnight and there are a few things you should bear in mind when…
Credit cards are very helpful if you use them well, but they can go terribly wrong, if you make some of the mistakes you will be warned against in this article. If you have bad credit, you should know there are credit cards on the market designed to help you build your credit rating. But…
Here are credit card terminologies that you should pay close attention to before filing out and submitting an application for a credit card program. Annual fees. Apart from the interest charge, several credit card programs today will also require cardholders like you to pay annual fees. Although it might not be as common as it…
Many people assume that bad credit means that you will have to get credit cards after putting down a significant amount of cash to do so. Did you know it’s possible to get bad credit credit cards, no deposit required? While it may be harder to get credit cards, the truth of the matter is…
Credit is a funny game. A good bit of your credit score does not come down to how much you owe as how you categorize it. This is particularly true with credit cards. Whatever you do, avoid maxing one out unless you don’t mind seeing your credit score take a ding. The credit-to-debt ratio is…
Sometimes you can’t just avoid going over the limit due to some unforeseen reasons. However, if you are staying close to the top of your limit and regularly exceed to your credit card limit, your credit worthiness definitely will suffer. Plus, you will likely be paying more to use credit now and in the future. You…
Are you interested to know how you can win your battle against credit card debt? If you are then, let’s consider effective ways to gradually settle your outstanding financial obligation. Draw up a debt repayment plan. If you’re fully convinced that you can take matters in your own hands then, we suggest that the first…
Below are tried-and-tested strategies that will help you optimize the use of your low APR credit card. Transfer the balance from your old credit cards to your new account, especially if your other credit cards carry extremely high interest rates and fees. In so doing, you can reduce the payments you make on interest as…
Have you just received an offer for credit card payment holiday from your card issuer? And would you like to know if you should take advantage of it? If your answer to these two questions is YES then let’s take a closer look at what payment holidays are all about and how you should respond…
Below are excellent strategies you can employ if you’ve missed out or skipped on your credit card payment for the month. Contact your card issuer and explain your side. Be ready to apologize for missing out on your monthly bills and explain the factors which might have prevented you from submitting complete and timely payments of…