Credit Scores

When using credit cards or other types of credit, people rarely take time to think about their credit score and how it may be affected by how they treat their credit. It’s no secret that you have to treat credit with respect and not just as easy money, and keeping track of your credit score and your credit history is a way to show that same respect. Plus, having a good credit score will make it easier for you to get credit to buy a house or a car, for example. Credit companies and banks keep track of how you deal with credit. If you repay your credit debts in time you’ll get positive scores, the opposite if, of course, you fail to make your payments.… Read More..

Credit Card Shocker

Have you ever looked at your credit card statement? I’m not talking about just making sure that all the transactions are correct. I’m talking about looking at the finance charges. I daresay that sometimes that figure is almost as great as the minimum monthly payment you’re making. After all, as long as you can keep the creditors at bay by paying the minimum, that’s all you care about, right? If you agreed, I urge you to reconsider.

I’m sure that by now, many of you realize that you lose money by buying on credit. Still, I don’t think many of you appreciate just how much your credit cards are costing you. I’d like to really drive that point home.

Let’s say that Joe decides… Read More..