Credit Cards Guide

For the most part, credit cards are just as safe as using cash. In fact, some would argue that credit cards offer additional security and protections that you can’t get when you buy products with cash. Sometimes though, mistakes happen and a merchant may charge you more than they should have for products or services you didn’t receive. Some cardholders have been charged for transactions that didn’t take place at all.

If you find you’ve been charged too much or in error, you’ll want to dispute the charge. There are directions on the back of every credit card statement that tell you what to do if you need to dispute a charge and they include the mailing address. You don’t want to dispute a charge by phone, as you will have no written record of the conversation. Read more…

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During the credit card craze in the last few months, many credit card holders found themselves with lower credit limits for seemingly no reason at all. While many mourned the loss of their lines of credit, many more were angry and unsure about what the changes meant for them. It turns out those changes had a bigger impact than originally thought.

FICO Trouble
One of the major impact cardholders are now learning about is the difficulties calculating a consumer’s FICO score. The FICO score is calculated using a top-secret and complex formula that combines many factors including length of credit, payment history to come up with what is known as a consumer’s credit score. Because one of the factors used in the credit score calculation is the ratio of debt to credit, the new changes have been affecting that calculation. Thi

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You’ve just been informed that your credit card account is closed. But why? You’ve been a responsible cardholder and you’ve never had problems before. The good news is that you’re not alone in this situation. The bad news is that, well, you’re not alone in this situation. Credit card cancellation is on the rise, and there’s very little you can do if your card issuer decides to cut you off. Here are some helpful tips for anyone who finds themselves in this situation.

First, Don’t Panic

The closing of your account might have nothing to do with your behavior as a cardholder. Some people have been shocked to find that their accounts were closed even though they’d never missed a payment. Sometimes accounts are closed because the lender sees too many credit inquiries on the file. This is a sign

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