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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Credit Card Debt Relief for UK Residents

Posted by admin at Jul 05, 2011 | No Comments »

The United Kingdom’s government estimates that as many as 700,000 of its residents are using some form of informal arrangement as a means of paying off their debts as a result of the financial pressure they are experiencing.

Whilst this might offer a degree of relief from the overburdening monthly costs of their debts, an informal arrangement will not provide them with any actual debt relief in the form of debt forgiveness.

To stand a chance of some debt forgiveness they would need to consider entering an IVA.

An IVA, or Individual Voluntary Arrangement, is a formal debt solution available to all UK residents who are struggling to keep up with their contractual debt repayments.

Unlike an informal arrangement, under which payments continue until the whole outstanding debt has been repaid, an IVA has a predetermined repayment term usually set to 5 years, after which, all outstanding debt balances are written off.
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Tags: Debt Relief

Angry Birds and Your Credit Life

Posted by Anthony Jackson at Jul 04, 2011 | No Comments »

It’s downloaded more than one million times a day. It’s the most popular iPhone and Android game out there. It’s Angry Birds, and if you have a smartphone, chances are you’ve played it.

Here at Credit Karma, we love slinging birds at pigs as much as the next tech geek. In fact, we love it so much, that we’ve noticed some eerie similarities between the game and credit health. (Are you surprised?)

Let’s talk about some of the angry birds* you have in your brigade and how to unleash them with care upon your credit life.

Make on-time payments: Red bird

Whether you’re just starting off with your first credit card or you’ve been charging to your go-to credit card for the last decade, making on-time payments is a must. It’s the tried- Read more…

Tags: Angry Birds Birds

Donating Credit Card Rewards to Charity?

Posted by Anthony Jackson at Jun 28, 2011 | No Comments »

Q: One of my friends told me she donated her credit card rewards to a charity, which I think is a great idea. How do I know if my credit card company offers this?

A: Most rewards credit cards offer an option to donate your points or miles to charity. It’s win-win: the credit card company gets to look good and their customers get to feel like they are doing a bit of good in the world. Whichever rewards card you have, you can probably find an option to donate to a worthy cause.

Citi has a rewards section devoted to donating to charity. Right now it only has two rewards options, donating to the Red Cross or receiving a Giftback card, which allows you to donate to many different charities.

Discover also has an option for donating your rewards to a charity. T

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Tags: Card Rewards Charity Credit Card Credit Card Rewards

Should I Cosign For My Child’s Student Loans?

Posted by Anthony Jackson at Jun 23, 2011 | No Comments »

Q: My son is taking out a student loan this summer before he starts at university in the fall. Should I cosign this loan for him since the bank recommends it?

A: Probably not. Most financial experts agree that cosigning is rarely a good idea. When you cosign a loan for someone, you are left responsible for that loan if the person can’t pay. If your child ends up in a rough spot and can no longer make payments, the bank that gave your child the loan will now come after you…and if you can’t take over the payments, this will hurt your credit score.

Usually when a bank requires a cosigner, this is because the person is likely to default. Even if you think your son or daughter is responsible, responsible people lose their jobs too. If the bank, with expert analysts, isn’t willing to take on this risk, why should you? Unless

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Tags: Student Student Loans

What you Aren’t Doing Could be Hurting your Credit Score

Posted by Anthony Jackson at Jun 22, 2011 | No Comments »

What? I’m not approved for the car loan? How could this be? I’m doing everything right. Aren’t I?

You may think that your credit score is picture-perfect; after all, you have a few credit cards and you manage to pay on them every month. So, what’s the problem? The truth is that there may be things you aren’t doing that are putting a dent in your credit score:

  1. You aren’t using your credit card – Many of us think that because we have a credit card we automatically have good credit, but this just isn’t true. An open credit card is a good first step, but in order to establish a solid credit history (and therefore bump up your credit score) you must spend on the card regularly. What many people don’t know is that simply making a purchase or two each month is enough to begin building a strong credit score.

  2. You aren’t looking at your credit report – What you don’t know may hurt you, especially when it comes to your credit report. Any credit report could

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Tags: Credit Score Score

Eccentric Money-Saving Methods

Posted by Anthony Jackson at Jun 22, 2011 | No Comments »

Here at Credit Karma, we like to examine the ways people save money–whether that’s through conventional money-saving tips or by more extreme means.

I’m not exactly a personal finance guru and I’m definitely not an “extreme couponer” (yet), but just like everyone else, I have my own rather quirky, daily money-saving strategies.

Here’s an exploration of the stranger side of my frugal personality:

The Toothpaste Tube Tormenter

I have difficulty throwing things away until I have exhausted every last use out of the container. Nowhere is this more apparent than with toothpaste. I’ll keep a near-empty tube even if it’ll take me upwards of ten minutes (and the Jaws of Life) to extract the dentist-recommended pea-sized dollop.

W

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Improve your Business with Merchant Loans

Posted by admin at Jun 20, 2011 | No Comments »

If you are looking for monetary aid to improve your business or to buy equipments for business purposes, then do consider opting for merchant loans. These loans, also known as merchant cash advance, are available quite easily. There are many lending companies offering merchant loans to all kind of people. These loans can be secured without any kind of collateral. These loans are so easy to get that even a person with bad credit rating can qualify for it.

Since there are many lenders available in the market, which offer merchant loans, you need to be extra careful when choosing a particular loan providing company. Always, it is advisable to select a company, which is highly reputed and reliable. Make sure you compare the interest rates of few companies prior to finalizing a deal. Read more…

Tags: merchant loans

Best Deals With Chase Ultimate Rewards

Posted by Anthony Jackson at May 05, 2011 | No Comments »

If you own one of three Chase credit cards — the Chase Freedom or Sapphire personal credit cards or the Chase Ink business card — you’re eligible to participate in Chase’s Ultimate Rewards program.

Under this program, you can convert the rewards points you earn with these credit cards into everything from gift cards to home electronics to hotel stays and ocean cruises. The program is free. But as you shop the online home of the Ultimate Rewards program, you’ll find that certain rewards result in a better bargain for your dollar.

You may prefer to turn your rewards points into cash. That’s one way to make sure that you get the most bang for your buck. But if you’d prefer to turn your rewards points into laptop computers or restaurant gift certificates, you’re going to have to do some savvy shopping on the Ultimate Rewards site. It’s the only w

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Tags: Rewards Ultimate Rewards

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