Consumer Credit Correction

What are the things that come to mind when the Christmas season is near? Gifts, entertainment, travel—anything and everything that necessarily requires you to shell out not just a few bucks but even the entire contents of your bank account. But that’s when you’re lucky enough to have some money stashed away in the bank. For most people, it can mean overusing their credit cards leading to outrageous credit card balances even before the holiday is over.

You may think that talking about your credit score during Christmas when everybody should think of happy thoughts is out of sync. It is. However, it is better to be aware of how your credit rating is doing even before you have the chance to spend your entire life’s income for one season alone.read more

Types of Credit Cards

There are a whole variety of different types of credit cards available which can make choosing the right one a very confusing experience. In order to help you decide, listed below is a useful breakdown of the various types of credit cards available.

Standard Credit Cards

Standard credit cards work as you might expect - with the cardholder using the card in order to pay for goods and services up to their agreed credit limit. Repayments are made once every month which must at least cover the agreed minimum repayment. These repayments will cover not only the capital borrowed but also the interest and extraneous charges payable upon the amount borrowed, usually referred to as annual percentage rate. Standard credit cards should not be confused with debit cards where ...read more

Credit Suicide

Few things influence the home buying process more than your credit. I like how Clark Howard refers to the three credit repositories as, "the three screw-ups". There is some validity to that, and hopefully recent legislation will help clean up many of the inaccuracies. Regardless, lenders need a source to determine levels of risk for lending money? and the Fair Isaac Company is where it lies. (Note: Fair was one of their last names? doesn't necessarily denote fairness.)