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.

Credit Improvement

Wednesday, May 09, 2007

Credit Card Deals and Credit Improvements

A person’s credit rating, whether they currently have good credit or bad credit, is a conduit towards the rest of their financial life.

And since personal finances are so important in today’s world, their credit rating is really a conduit towards the rest of their life. A person with good credit can get the best credit card deals, all of the favorable attention from credit card company representatives and many other perks.

A person with poor credit not only doesn’t have access to all of these advantages, but can also actually be actively hampered by their poor credit. Bad credit card deals are the only ones offered to them and the stress and anxiety that their credit rating causes them could end up severely affecting their health.

If you are one of these people, there are many things you can go ahead and do to improve your credit score.

Educate Yourself: Go ahead and make sure that you regularly review your credit report for mistakes. A person with good credit might have a poor credit report with a lot of errors and mistakes. You have the legal right to get this information corrected, but the only way you can do that is if you know it is incorrect in the first place! In addition, learning about what is on your credit report (whether you have good credit or bad credit) will allow you to know what your credit score is. Your credit score as calculated by one of the major credit reporting agencies (Experian, Equifax or TransUnion) is one of the most important pieces of information you can have.

Cut down on the bleeding: Try to close as many credit card accounts as possible. We all love getting great credit card deals so that we can brag about them to our friends, but it serves no purpose to have a bunch of them if they are all severely affecting you. Transfer balances to other cards if you must, but close down as many of your active credit card deals as you can. Also make sure not to make any new credit card deals.

Be responsible and punctual: Make sure that every month on every account you make at least the minimum payment. Furthermore, make sure that you make that minimum payment on time. One of the most damaging things to your credit rating is ongoing and prolonged lack of payments or late payments and one way to stem the bleeding (and thus follow the previous step) is to make sure that you are on time, every time.

These are just three of the many things that you can do to fix your credit rating. It is a long and difficult process to do but taking the time to do it right will pay dividends later with better credit card deals, better all around treatment from the credit card company representatives and many perks that you otherwise would not be able to enjoy with a bad credit history.

Share Opinion:
del.icio.us   digg   Furl   YahooMyWeb   Propeller   Reddit  
Comments not found
 

If you have something to say, please leave your comments below.

Your Name: *
Your Email:
Your Comment: *
Enter Number from Picture: * number

* - Required Fields Add Comment
[December 05, 2011]

In a time when banks have begun charging monthly debit fees, baby boomers may be able to find discounts based on their age and experience. Our research reveals some of the best checking accounts for consumers over 50 - and the best part is that they`re free!

Comments (0)
[October 12, 2011]

All data shows that the woman entrepreneur is on the rise.This could be because women tend to work well in groups and are great multi-taskers and communicators. In addition to that, women are also making riskier decisions when it comes to financing their businesses, according to a recent survey by PNC Financial Services. These decisions may have an impact on the longevity of these female-run businesses.

Comments (0)
[September 07, 2011]

With the economic upheaval, obtaining a credit card seems a distant dream, especially if you fail to qualify for any credit card application. Nonetheless, turning into an authorized user, i.e. attaching yourself with a good-quality credit customer`s account and the consent to use it, would boost your credit scores swiftly, and jump start your credit history.

Comments (0)
* 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.
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.