Checking your credit score once a year is a great way to ensure your report is free of errors or identity theft. The three main credit reporting agencies, Equifax, Trans Union and Experian, each offering one free yearly report. These companies can be contacted by phone, mail, online or through third party websites. Because your [...]

Owning a major credit card is a financial decision that many people make for a variety of reasons. Some of these reasons would be during certain purchases, where it is better to provide a credit card rather than carrying a huge amount of cash with you. The other reason is you need it in cases [...]

You should be very choosy when opting for rewards credit cards, just like you shop for other commodities. Credit card companies want to sell their services and sometimes even tend to trick you to opt for their services. They may offer low introductory rates (sometimes even 0% interest on purchases for the first 6 months), [...]

Prepaid credit cards are designed for those who need a credit card, but have poor credit ratings. Today’s U.S economy on Wall Street is struggling and many industries woes and their credit ratings are worsening day by day. For those who don’t have a good credit, prepaid credit cards could be a chance to start [...]

The Interbank Card Association was formed by a group of banks, and they initially selected the card name as “Master Charge” in 1966. By 1969, several other banks joined the association, including National City Bank that was named as “Everything Card” and joined it with the Master Charge. In 1979, the name was once again [...]

A credit report is a formal statement recording your current credit activities. The information used to establish your credit report is gathered by a credit reporting agency, which collects information on credit cards, bank accounts and other forms of credit, then stores it to be sold in credit reports. They obtain this information from anyone [...]

To own a major credit card is a financial decision that many people make for a variety of reasons. Some of the reasons include using them for bulk purchases where it is better to provide a credit card rather than carrying a large amount of cash. In few places, paying through credit is the only, [...]

A credit report, alternatively known as credit history, is an important determinant of a consumer’s financial credibility. The document consists of a person or company’s borrowing and payment history. Each credit report is given a credit score to evaluate a consumer’s credit history. The credit score gives an overall idea of the consumer’s credit worthiness. [...]