Latest Articles from Credit Card Posts

Does It Hurt My Credit if Several Reports Run While Car Shopping?

May 11, 2012 | No Comments »

Auto lenders will often view your credit report prior to offering you an auto loan. The information in your report determines your FICO credit score, which runs from 300 to 850. This information will impact the terms of your auto loan, including the...

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Is your car a filthy mess?

May 04, 2012 | No Comments »

How about your home? Your office? Your yard? Im a little embarrassed to say yes, yes, yes, and yes. Or, at least, that was the old me. Im a hyper, busy guy, so everything was a mess. When was I supposed to find time to organize my stuff when I was...

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Is Unemployment Credible Income?

April 07, 2012 | No Comments »

Unemployment income is temporary income you receive when you lose your job. This money is considered income, though you do lose it when you return to work. When you apply for a bank loan, the bank looks for credible income from sources that...

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New Study: Consumers Are Paying Down Their Credit Card Balances

Posted by Anthony Jackson at Jul 26, 2011 | No Comments »

Contrary to popular belief, the recent trend of lower credit card balances is a product of consumers paying down their balances, not charge-offs by creditors. This is according to a TransUnion study that found that consumers spent $72 billion more on their credit card balances than on new purchases between the first quarter of 2009 and the first quarter of 2010.

Let’s put this in perspective for the average credit card holder. The $72 billion reduction amounted to a drop from $5,776 to $5,165 for the average person. This amounts to $611, which is approximately 10.5 percent of their total balance. This number dropped again in the first quarter of 2011 in which it stood at $4,679 – an amount that is $1,097 (about 19 percent) less than it was 2 years earlier. It is important to note that this study was based on conservative assumptions. Had

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Tags: Balances Card Balances Credit Card Credit Card Balances

Credit Score Information to Remember

Posted by Anthony Jackson at Jul 25, 2011 | No Comments »

You may think you have a fairly good understanding of your credit score and what it means to you and your ability to obtain credit.  But a credit score is a pretty in-depth bit of information, and understanding it better can only help you in your quest to obtain a strong credit score.

Here’s what you need to know:

  • Every time you seek credit, the lender will look at your credit report. Simply put, there is no way to get around a poor credit score because lenders use this information to make a determination about your credit worthiness.

  • All of the three, major credit bureaus in the United States track your borrowing behavior. Experian, Equifax and TransUnion all keep detailed records of your borrowing history. So, every time you are loaned money, the details of that loan will be present on your credit report. It

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Tags: Credit Score Score

How to Find a Qualified Credit Counselor

Posted by Anthony Jackson at Jul 25, 2011 | No Comments »

If you have been struggling with your credit, you may have heard that a qualified credit counselor may be able to help you manage and overcome your credit woes. Although there are many credit counseling agencies out there that can help you navigate your credit problems and work with your creditors, there may be just as many companies that lack the reputation and the know how to get the job done.

If you are struggling to keep your head above water and your debts are overwhelming you, it may be time to call in the help of a qualified credit counselor. Here’s what to look for in a credit counselor:

  • When searching for a credit counselor, look into national organizations, such as the National Federation for Credit Counseling or the Association of Independent Consumer Credit Counseling. A

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Tags: Counselor Credit Counselor Qualified Credit Qualified Credit Counselor

Earn 1,000 Bonus Miles by Using Delta SkyMiles Mobile App

Posted by Anthony Jackson at Jul 20, 2011 | No Comments »

If you’re like most busy professionals, you rarely go anywhere without your smart phone. That’s good news: At least one airline is rewarding those consumers who use these mobile phones to check in to their flights.

Delta is passing out 1,000 bonus airline miles for Delta SkyMiles members who download the airline’s app to their mobile phones and then use it to check into their flights.

But you’ll have to act quickly to take advantage of this offer: It expires after Sept. 7 of this year.

The Basics

According to the Web page of the Delta SkyMiles program, the Delta app allows you to check into your flight before you reach the airport. The app then displays your boarding pass on your mobile phone’s screen.

This is quite convenient. You won’t have to wait in line for a service rep once you get to the airport. And you can

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Tags: Mobile Mobile App

Your Legal Rights as a Credit Card Holder

Posted by Anthony Jackson at Jul 15, 2011 | No Comments »

The federal government has set up a number of laws that are designed to protect the rights of credit card holders. Unfortunately, though, many consumers are unaware of these laws or their rights under the laws.

Here is a list of the laws through which the federal government protects credit card holders and consumers:

  • The Fair Credit Billing Act – The Fair Credit Billing Act, which protects most cardholders, is a law that protects you from inaccurate or unauthorized charges on your credit card statement. Through the Fair Credit Billing Act, most consumers are responsible for just the first $50 of unauthorized charges. In addition, this Act protects consumers from paying for merchandise that never arrived; for any goods that were not what was promised; and double charges for goods or services.

  • The Fair Credit Reporting Act – The Fair Credit Reporting Act, which was amended by the Fair and Accurate Credit Transactions Act of 2003, protects you from inaccurate or incorrect information found on your credit report. Wit

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Tags: Card Holder Credit Card Credit Card Holder Holder

Erase Credit Card Debt With A Simple Program

Posted by admin at Jul 14, 2011 | No Comments »

You have recklessly used your credit card over past few months and now are paying heavy monthly installments to repay your stagnant debt, but the credit just seems to be growing and not reducing. Relax its not impossible to erase credit card debt, all it would require is lots of determination and a bit of effort.

The first step one must take to erase credit card debt is to make purchases through cash. This ensures that you don’t add on to your existing credit making it easier to repay it. Secondly it would be helpful to make a budget for your income; this will bring about a greater control over your expenditure. Just aim for no balance in your budget. Also ensure you but assets with increasing value only. It would be helpful to pay the smallest amount owed this will help erase credit card debt at a much faster pace. Read more…

Tags: Consolidate Loans

Get a 50 Percent Bonus for Transferring Membership Rewards Points to British Airways

Posted by Anthony Jackson at Jul 13, 2011 | No Comments »

Flying certainly isn’t fun. You have to take off your shoes, just to get through security. And to make matters worse, ticket prices can be awfully high depending on to where you wish to fly.

But American Express is making the flying life a bit less stressful for its cardholders with a new special offer.

From now until the end of July, whenever American Express cardholders turn their membership reward points into British Airways miles, they’ll receive an additional 50 percent bonus miles.

As an example, if you convert 2,000 membership reward points into British Airways miles, you’ll not only receive 2,000 miles but a 50 percent bonus, in this case 1,000 miles, for a total of 3,000 British Airways miles.

That will get you to a lot of destinations on the cheap.

The Offers Keep Coming In

This is a particularly valuable credit card offer. But A

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Tags: Get Get 50

How To Use a Square Credit Card Reader With Your Small Business

Posted by Anthony Jackson at Jul 08, 2011 | No Comments »

Square is a pretty cool device that allows you to accept credit card purchases by using your phone. It’s a very simple way to get a small business started that allows your customers to pay with their credit cards and doesn’t require you to buy a bulky card reader. You just order the free device and when you get it in the mail you can start accepting credit card payments.

One of the best features for many small businesses is Square’s fee. Depending on the industry you’re in and the type of card you swipe, you may or may not save money with the fee, but you will get one thing: simplicity. Simplicity is good when you’re running your own business, or even just want a way to pay your kids their allowance without running to the ATM. No monthly fees, no different charges depending on whether your customer is using Visa or American Express, just a flat 2.75% fee for each transaction.

How To Get The Device

Getting the device is pretty simple. Go to www

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Tags: Business Credit Card Small Business

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