There is no denying that having an impressive credit score opens more doors of opportunity to people. People with good or excellent credit can easily get approved for loans or credit cards. More than that, lenders are willing to give them the lowest rates possible just to convince them to sign up for their company.
People are aware that credit card fraud and identity theft exist. Surprisingly, thousands of people from all walks of life still get victimized by crimes related to ID theft each year. The Federal Trade Commission has issued a public warning against individuals, groups and agencies who may disguise themselves as legitimate financial resource when in fact, they are syndicated identity thieves.
Learn how to manage your credit score and improve your creditworthiness Think of your credit score as a picture of your credit risk. This picture reflects your risk at a specific5px point in time. A picture does not change; however, when you take another one, you will probably look a little different. Similarly, when your..
If you own a credit card, below are six practical steps on how you can manage your account more efficiently to avoid bad credit:
If you have been the victim of identity theft, your credit report (and score) has almost certainly taken a hit. The good news is that improving your credit score following identity theft is possible. It might be challenging, but there are definitely ways to get it done. Obviously the credit bureaus and your creditors and..
Most credit cardholders do not bother to ask their issuer for a lower interest rate. They just stick with what their issuer tells them. But credit card companies won’t volunteer to reduce your costs unless you ask for it. Statistics show that 57% of cardholders who called in for a reduced APR have been granted with their requests.