Know all about your Credit Score

Posted by Angela Ramirez · Leave a Comment 

You have probably been hearing a lot about this lately. Credit scores, credit reports, free credit reports, credit history, it’s all over the media these days. So, what’s it all about? Why is it so important? Well, here is some information for you.

The reason a credit score is so important is that the world economy is becoming increasingly dependant on the credit world. If people cannot obtain credit, the cannot make purchases, houses don’t sold, cars sit on lots, merchandise builds up and no one makes any money . Credit and money make the world go around; it makes the economy go around. Every

Read full post…

Credit Card Use for Newbie’s

Posted by Jonathan Barnes · Leave a Comment 

Having credit has become a valuable part of the everyday modern life of a consumer, and one of the most common ways to have credit is by owning and using credit cards. And even with plenty of events reminding us of the economic and financial uncertainty (millions of Americans having lower credit scores, rise of identity theft crimes), you still need credit to get by in life.

So, here are some things you need to know in order to start your credit line.

First of all, you need to prepare a few documents before you go to an issuer to apply for your credit card. Because you are new and have yet to have any credit history, credit card companies would at first be reluctant at issuing your credit card and account.

Read full post…

American Express Gold Card – More a Lifestyle Choice Than Rewards Card

Posted by Tiffany Phillips · Leave a Comment 

The American Express Gold Card is a status symbol.  It’s only offered to people with superb credit, and you are required to pay the balance in full each month.  This is a throwback to the American Express of yore, when these “charge cards” made you part of an exclusive club with benefits to match.  These days, anyone who meets the qualifying standards and pays the sizable annual fee can carry the Gold Card, but you still get access to impressive exclusive benefits, along with a slightly-better-than-ok rewards program.

It’s not the best rewards program

Amex actually offers two different varieties, the American Express Gold and the American Express Premier Rewards Gold.  Both of t

Read full post…

Tougher punishment for late payers

Posted by Amanda Nelson · Leave a Comment 

Credit card borrowers who miss a monthly repayment are facing increasingly harsh penalties.

Borrowers are being lured into 0% deals on credit cards, with some lenders offering no interest for 16 months.

But if borrowers miss one payment by a few days they may forfeit the entire 0% deal and see their credit limit drastically reduced, experts warn.

While this has always been a common practice, evidence suggests banks are getting tougher.

Credit card providers already charge a £12 penalty fee for late payments.

Read full post…

Avoid Being Caught in Identity Theft

Posted by Jonathan Barnes · Leave a Comment 

Identity theft and credit card security breaches have increased these past few months, with the latest developments including the attacks on hotel branches in America and the ZeuS Trojan malware phishing scams over the internet. Because these kinds of crimes affect more than a thousand people every year, it is best for you not be unlucky enough to be one of them. Here are a few ways to prevent being a victim of identity theft:

Avoid Phishing Scams

As mentioned earlier, the latest of these phishing scams include the ZeuS Trojan malware which used fake “Verifies by Visa” and “MsterCard SecureCode Security” enrolment programs to trick customers into giving out their credit and financial information. These s

Read full post…

Identity Theft Information that can help you exert caution

Posted by Angela Ramirez · Leave a Comment 

Identity theft: two words you have probably been hearing of a lot lately. It is all over the news and advertisements are offering identity theft protection. You are probably confused as to what it is, if it will affect you, and what will happen if your identity is stolen. Here is some information for you to help you understand the growing crime of identity theft.

Identity theft is a serious crime and is continuing to grow as a means for criminals and petty thief’s to gain access to your money, name, and credit. Many people are becoming victims of this crime. If a person gets a piece of your identity they can use it to get even more information about yourself and then, once they have enough information, they can claim that they are you.

So, what happens when someone claims that they are me? I

Read full post…