Archive for the ‘Credit Cards’ Category

Calculating the debt to credit ratio

Saturday, September 22nd, 2012

Knowing your overall debt to credit ratio is pretty easy.  We just need the total amount of debt you have and we need the total amount of credit you can borrow.  Then we can just divide the total debt by the total credit. Account Balance Credit Line Debt to Credit Ratio Credit Card One $1000 […]

Posted in Credit Cards | No Comments »

Getting A Credit Score From 700 to 800

Wednesday, September 19th, 2012

What is the desire to moving your credit score from 700 to 800?  If you have a 700 credit score you are just considered good, but to have an excellent credit score you will need to be closer to 800 or 800 plus.   Beyond being having the word excellent as a description for your credit […]

Posted in Credit Cards | No Comments »

Credit scores and late payments

Wednesday, May 23rd, 2012

It is very important to pay your debt on time; otherwise it will badly affect your credit score. Your total credit score includes 35% of your payment history. Thus, if you make late payments, that simply shows your inability of making repayments. It will result in the lender’s unwillingness to lend you. Here are the […]

Tags: , ,
Posted in Credit Cards, Credit Score, Late Payments | No Comments »

FICO Score Calculation

Tuesday, March 27th, 2012

FICO score is very useful for the lenders to check the applicant’s credit information or their financial history. The calculation of three digit FICO score is important to understand. The Fair Isaac Corporation checks your credit report to calculate your FICO score. Any incorrect or outdated information in your credit report would mean an incorrect […]

Tags: , , ,
Posted in Credit Cards, FICO score | No Comments »

What is an excellent credit score range?

Wednesday, March 14th, 2012

When you apply for a loan, the lender will first check your credit worthiness on your FICO credit score. Before understanding an excellent credit score, it is inevitable to know what a credit score range is. A credit score range mentions your financial history in the forms of three digit numbers. It helps employers, creditors, […]

Tags: ,
Posted in Credit Cards | No Comments »

Store Credit Cards Are Ruining Your Credit Score

Tuesday, February 7th, 2012

How many times have you been at a store and you are just finishing checking out when you here the question. “So you have a” blank ” credit card?” The blank here is the store name. As you say No, you are met with the response would you like to sign up today and you […]

Posted in Credit Cards, Credit Score, FICO score | No Comments »

New Years Resolutions – Improve My Finances

Thursday, January 12th, 2012

Maybe your goal for 2012 is to improve your finances. It is one of the top 5 New Years Resolutions in some form or another. But like most New Years Resolution, they are hard to keep. That is why losing weight is always number two or one on the list. People want to lose weight […]

Tags: ,
Posted in Credit Cards, economy, Employment | No Comments »

Too Many Credit Inquires? How I Improved My Credit Score with New Credit

Monday, October 3rd, 2011

I use a credit monitoring service and nothing seems to slip by them. Case in point, I got an email regarding a potential change in my credit score. Well, it turns out that it was a new hard inquiry credit report; the terrible idea that I applied for more credit. This action allow set off […]

Posted in Credit Cards, Credit Score | No Comments »

Credit Card Age Requirement

Friday, September 9th, 2011

In 2009 the Credit Card Accountability Responsibility and Disclosure Act was signed by President Obama into law. Among many other things it did for consumers, the law set an age requirement or age limit for new credit card applicants. The law states credit card companies cannot issue a credit card to consumers under the age […]

Tags: ,
Posted in Credit Cards | No Comments »