Archive for the ‘Discover credit card’ Category
Your Debts and Debt Collectors
February 15th, 2011 | 
Author: Your Debts and Debt Collectors
The Fair Debt Collection Practices Act (FDCPA) applies to personal, family, and household debts. This includes money you owe for the purchase of a car, for medical care, or for charge accounts. The FDCPA prohibits debt collectors from engaging in unfair, deceptive, or abusive practices while collecting these debts. Under the Fair Debt Collection Practices Act:
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Your Credit Scores Again
Your Credit Scores Again
It’s important for every consumer to learn what a credit score is and how to improve it. Most consumers do not know what their credit scores are, but these scores are used in dealings with such diverse agencies as credit card companies, home equity lenders, auto loan lenders, and finance companies when considering appications for credit or loans.
Your Credit Score Can Be Destroyed By Simple Credit Inquiries
Your Credit Score Can Be Destroyed By Simple Credit Inquiries
What you don’t know about credit inquires can destroy your credit score and effect what you can qualify for. Whether you are shopping for a cell phone, car, home loan, insurance, or just curious about wanting to see what you could qualify for, a credit inquiry can cost you points on your credit score. Even a reduction in credit points may seem trivial. A change in credit points over a 30 year period can cost 1000′s if not 10,000′s of dollars in higher interest payments. Furthermore to some it can mean the difference of being able to qualify for a home, car, or other financing that is necessary in today’s world. Usually a credit inquiry will result in a less than a five point reduction in your credit score. However with multiple inquiries comes the likelihood that the score will plummet and the interest rates for purchases will go up. This will result in the consumer with a lower credit score to make higher payments for home, car, of other credit purchases.
Why Your Credit Score Matters
Why Your Credit Score Matters
Among the many innovations that emerged after World War II, credit use has become a major factor in our entire economic profile. As a result, your credit rating is the most important factor in determining your credit APR when you apply for any type of credit: credit cards, 0% APR transfer offers as well as mortgage and car loans.
Why Credit Cards Are Good
Why Credit Cards Are Good
Because credit is something that is so important, but also sometimes confusing, we are going to lay everything out for you, in simple terms.
Which Low Interest Credit Card Is Best – Variable or Fixed Interest Cards?
Which Low Interest Credit Card Is Best – Variable or Fixed Interest Cards?
When applying for low interest credit cards, you may think you know what you are looking for. After all, it seems pretty clear. The lower the APR, the less money you will have to pay, right? In reality, this is not always the case. In fact, one factor you will need to take into consideration is whether the APR is variable or fixed. Then, you can make a far better decision when choosing from among the available low interest rate credit cards on the market.
What the Heck is The Larry Rule ?
What the Heck is The Larry Rule ?
The Larry Rule – Is Applying for Store Credit Cards Bad for Your Credit?
What’s In A Credit Report
What’s In A Credit Report
Thanks to a new federal law put into place in September of 2005, everyone is entitled to one free credit report each year. This is so that you can verify that your report does not contain any false information, and so you can see how your credit rates. Getting your annual free report is as easy as going to the authorized source, www.annualcreditreport.com and requesting one.
What is the Fair Credit Reporting Act and What you Should Know
What is the Fair Credit Reporting Act and What you Should Know
The Fair Credit Reporting Act (FCRA) and the recent update to this law called the Fair and Accurate Credit Transactions Act (FACTA) protect consumers against inaccurate information being reported by credit bureaus and the privacy of that information. What does this mean to you?
What You Should Know About Using Your Credit Cards
What You Should Know About Using Your Credit Cards
Today, almost everyone is in possession of one or more credit cards. But does everyone understand how the credit cards should be used? ; doesn’t seem so. Some credit card holders only know how to spend on their credit cards till the credit limit is reached. Others know only about using credit cards for shopping and bill payments. Still others are too afraid to use their credit card. A lot many are unaware about the ways to protect their credit cards.
What Is Utility Credit?
What Is Utility Credit?
Of all the many different types of credit – for example, retail credit, loans, charge cards, and mortgages – utility credit may be the one that most people cannot do without. Utility credit is the credit extended to users of gas, electricity, and water services. Phone service also can be considered a utility.
What Is The Truth about Credit Repair?
What Is The Truth about Credit Repair?
No one can legally remove accurate and timely negative information from a credit report. The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete. There is no charge for this. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost. According to the Fair Credit Reporting Act (FCRA):
What Is The Credit Repair Organizations Act?
What Is The Credit Repair Organizations Act?
By law, credit repair organizations must give you a copy of the “Consumer Credit File Rights Under State and Federal Law” before you sign a contract. They also must give you a written contract that spells out your rights and obligations. Read these documents before you sign anything. The law contains specific protections for you. For example, a credit repair company cannot:
– make false claims about their services
– charge you until they have completed the promised services
– perform any services until they have your signature on a written contract and have completed a three-day waiting period. During this time, you can cancel the contract without paying any fees
What Is Credit Denial And What Can You Do About It?
What Is Credit Denial And What Can You Do About It?
Written notice required
You must be informed in writing why you were denied a credit card or loan. If the letter you receive doesn’t say why you were denied, it must tell you of your right to be given the specific reasons for denial if you request it. You should always request this information.
