Credit Cards
recommended by
our experts

Get Cards
Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.

Give Your Credit Score a Fall Tune-Up

[October 27th, 2013]

It’s that time of year when kids sport new back-to-school outfits and fresh haircuts, the weather cools down, and people begin to prepare for the winter ahead. Fall is harvest season, when farmers reap the rewards of the hard work they did planting all spring. It’s the perfect time to reassess your finances, as well. If you aren’t sure where your credit score stands, give it a tune-up for fall with these five easy steps:

  • Step 1: Get a copy of your credit report. The first thing you must do is find out exactly what’s on your credit report, clean up any inaccurate information, and see where you stand. Go to annualcreditreport.com to get a free report from each of the three major credit bureaus—Experian, TransUnion and Equifax. You will be able to look at your credit information, though you will not be able to see your score. For that, you will have to pay a small fee. Whether or not you want to do this is up to you. Knowing your score can be helpful but is not necessary.
  • Step 2: Look over the reports and make sure everything is correct. If you find something that isn’t right, initiate the dispute process so you can get it corrected as quickly as possible. It could be something as small as an incorrect address or an account listed as active when it was closed years ago. Or it could be something as serious as an account that doesn’t belong to you being listed on your credit report. Mistakes happen; in fact some estimates say that up to 80% of credit reports contain at least one error.
  • Step 3: Get payments up to date. If you are delinquent on any accounts, make a plan to get them paid up so all your accounts are current. Call your credit issuer if you are having trouble making payments; they may be able to arrange a payment plan that fits your budget. Having a lot of debt or being behind on payments can really drag your credit score down.
  • Step 4: Sign up for text or email alerts from all your credit card issuers. Doing this will help you stay on top of your payments and ensure that you don’t fall behind, which can hurt your credit score. You can also sign up for automatic payments so the minimum due comes out of your checking account automatically each month. However, only do this if you’re sure your payment will clear every time. If it doesn’t, you’ll be in for a late charge from your credit card company and an over limit or returned payment charge from your bank.
  • Step 5: Transfer balances and consolidate debt. Now that you’ve seen what you owe and to who, it might be a good time to consider doing a balance transfer to save on interest and simplify your finances. Applying for another line of credit is a good idea only if your credit is already pretty good, though. It can help you go from very good to excellent credit—but if you have poor credit, don’t apply for more just yet.

Now that your credit is looking good for the coming winter, you can hunker down and get debts paid off before it’s time to spring-clean your accounts.

Share Opinion:
del.icio.us   digg   Furl   YahooMyWeb   Propeller   Reddit   Google
[June 19, 2018]
Although more people are using mobile wallets and moving away from using cash or credit cards as their go-to payment method, consumers have still shied away from using virtual credit cards for the majority of their purchases. But companies like Switch, Inc. are hoping to change that.

“Until now...

[May 19, 2018]
If you’ve ever had trouble making – and sticking to – a budget, you’re not alone. A recent survey showed that while 92 percent of Americans believe everyone needs a budget to keep their finances in order, only 70 percent are actually practicing what they preach and maintaining a budget.

F...

[April 20, 2018]
Studies show that several emerging payment options are gaining acceptance among consumers, but not everyone is on board with the rapid pace of technology and the new ways to pay for purchases. The latest TSYS U.S. Consumer Payment Study found that willingness to use artificial intelligence-powered p...
* The CreditCardSpecialist.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. CreditCardSpecialist.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the CreditCardSpecialist.com website are property of their respective owners.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.
We do our best to maintain the information accurate at CreditCardSpecialist.com. However, all the credit cards information is subject to change and presented without warranty. See the up to date credit card terms and conditions on the secured credit card application page. Note that CreditCardSpecialist.com may be compensated by credit card issuers when visitors apply for a credit card through the links on this website.
CreditCardSpecialist.com, an independent, advertising-supported website, receives compensation from the companies whose offers appear on the site. This compensation impacts where and how credit products appear on our site, including, for example, the product listing order in which they may appear on separate pages. CreditCardSpecialist.com does not present or review all available credit or financial offers.
Disclosure: Not an access card.