Category Archives: Credit Cards Articles

Rules for credit history improvement

March 06, 2012   admin   No comments

If you have a low credit score (about 700), you may become in situation when you need to pay thousands more in the interest of any new credit you are allowed. Of course you can avoid this situation, only following a few simple rules to increase your credit score before applying for a new personal loan, car loan or mortgage.

Even though you have a recent bankruptcy and late payments, you still can improve a low credit score.
Just continue to pay your bills on time, and you’ll be back on the road to improve your credit history. You can check it, filling out chase credit card application. If you pay your bills on time, not a recent bankruptcy, not all late payments affect at your credit card balances. Read the full post

  Tags: credit history improvement

Should I Add My Child as an Authorized User?

March 01, 2012   Daniel Murphy   No comments

QHi Eva,

My daughter is about to turn 18, and I’d like to give her a credit card by adding her as an authorized user on my account. We want her to have a card to use for emergencies when she goes to college in the fall, and she probably won’t be able to get a card on her own because she doesn’t have a job. The thing is, my husband and I have a balance of about $2,000 on that account. We manage to pay just the minimum (sometimes, if we’re lucky, a little more than the minimum) each month. So, are we actually hurting her by adding her to an account that has debt that we’re not paying down as quickly as we’d like? Peg

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  Tags: Authorized User, User

Recession-Proof Your Business by Dumping Customers

February 24, 2012   Daniel Murphy   No comments

Sure, it sounds completely crazy especially in the midst of one of the biggest economic downturns in world history. But one of the smartest moves you can make to survive and thrive during any business cycles, including a deep recession, is to get rid of some customers and clients.

Have you ever fired an employee because they were goofing off on the job or wasting valuable company time by doing personal business while they supposed to on the clock earning their salary? If so, you know how important it is to jettison the dead weight that is holding your business back from success. And of course if you have not actually had to lay off an employee, at least you can easily understand the logic and reasoning behind that kind of decision.

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Think Twice Before Joining in ‘Financial Marriage’

February 05, 2012   Daniel Murphy   No comments

Dear Erica,

I want to have my boyfriend (whom I’ve lived with for three years) added to my employer’s group health benefits as a domestic partner. I have to show several forms of proof that we’re financially dependent on one another. One way to prove that is opening a joint credit account. Our plan is to open a joint account and never use it (except as proof for him to qualify for my employer’s health insurance benefits). My boyfriend has never had a credit card, which I’m guessing means he has no credit history. Will sharing an account with him hurt my score (which is pretty good)? Also, will opening up another credit account that I never use hurt my score? Christin

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Do you know more easier way to shop than credit cards?

January 24, 2012   admin   No comments

We shop every day. And evidently that’s the reason of this review. For those who do not have the slightest idea until then, let me have the privilege of presenting the topic of credit cards. Well, the buzz word might have become a familiar territory, how many of us can claim to have understood even the basic functional requirements for the same?

The degree of familiarity with credit cards do not go beyond the understanding of its purpose for most of us. Accepting this reality will help us better prepare to fight against the increase in geometric credit card bills that we all pay in lieu of our stores. It is true that credit cards are intended to be used for commercial purposes, or where do we need to pay in cash, or that we expect to have the amount in our account. Read the full post

  Tags: Cards, Credit Cards

Your Issuer Cut Your Credit Limit: Now What?

November 20, 2011   Daniel Murphy   No comments

Dear Erica, I received a letter from my credit card company saying that my credit card balance is too high and they are lowering my credit limit. I don’t get why they would do this since I’ve never missed a payment. Wouldn’t they want me to charge a lot to the card? Dave

Dear Dave, Well, the bank gave you their answer. They cut your credit limit because they believe you overcharged and have become a risk. Yes, even with a perfect payment history.

Maintaining a high balance can be an indication that something is amiss in your financial world. And i

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  Tags: Credit Limit, Limit
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