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If you receive pre-approved credit card offers in the mail, you may be wondering where they come from. Keep in mind that receiving a preapproved credit card offer does not impact your credit score. So you’re safe there. But, accepting the offer will negatively affect your credit. So why you may be under the impressionRead more

If you’re swimming in a sea of credit card debt, you may feel desperate to get out of it by any means necessary. You’re going to get tons of ideas on how to escape. But, not all of them are going to be the best idea. One common way people try to get out ofRead more

If you’re looking to get a credit card, but are being told you need a co-signer, there are other options. One of the best being, you can become an authorized user on someone else’s existing account. You will have all the same benefits as having your own card, but the primary person on the accountRead more

This might seem counterintuitive, but here’s why it’s true. Lenders look for evidence that you pay your debts, so establishing a long, positive credit history will actually contribute to higher credit scores over time. The older a credit card account is, the more positively it will affect your credit score – so long as yourRead more

It may sound a bit obvious, but credit cards can help you build up your personal finances. Here’s how: They can function as your emergency fund. Financial experts are always saying you should save three to six months of your expenses in an emergency fund, recent polls show that many Americans simply aren’t able toRead more

Signing up for credit cards is easy enough to do, but there are a few tips to keep in mind so you don’t find yourself in irreversible debt. Pay off your balance each month if possible. Don’t miss your monthly payments. Don’t hit your credit limit because it’ll lower your credit score. Try to onlyRead more

Controlling your debt can be a difficult thing to do, especially in quarantine where it’s so easy to spend when there’s not much else to do other than online shopping. By creating a no spend day, you’ll be able to start instilling better habits that will ultimately grow your credit score and help reduce yourRead more

Due to COVID-19, credit issuers are lowering credit card limits for cardholders. As more people face unemployment, the credit card companies are hoping to get ahead of potential missed payments. This can, unfortunately, negatively affect your credit score, especially if you get closer to your limit than you normally might.Read more

When you get your first credit card, you can start growing your credit score—but you could also wind up in substantial debt if you’re not careful. You’ll need to make sure you don’t use the full credit limit, for instance. For improving your credit score, make sure to track your purchases and check your statementRead more

If you’re looking to get a first credit card, it can be difficult to know which card to pick. Here are a few options: Discover It Secured card Capital One Platinum card Capital One QuicksilverOne Cash Rewards card Image via BadCredit.org.Read more