Drug testing

How To Survive In A Plastic World, Qualifying For Credit Card

Let's face it, having credit is no longer a choice. "Don't leave home without it" is more like "can't buy a home without it." Your credit now determines the neighborhood you live in, the kind of car you drive and, sometimes, even whether or not you get a particular job.

Credit cards are great financial tools and the convenience they provide is beyond question

They are easier to carry than cash and offer valuable consumer protection under federal law.

Establishing A Good Credit History

Suppose you haven't financed a car loan, a computer or some other major purchase. How do you begin to establish credit?

First, consider applying for a credit card issued by a local store and use it responsibly. Ask if they report to a credit bureau, most major department stores do. If they do and if you pay your bills on time you'll establish a good credit history.

Second, consider a secured credit card. A secured credit card requires that you open and maintain a bank account or other asset account at a financial institution as security for your line of credit. Your line of credit will be a percentage of your deposit, typically from 50 to 100 percent. Credit card application and processing fees are not uncommon for secured credit cards. In addition, secured credit cards usually carry higher interest rates than traditional no secured credit cards.

What To Do When You Are Denied A Credit Card

If you're turned down for a credit card, it is important that you ask why. It may be that you haven't been at our current address or job long enough, or that your income doesn't meet the issuer's criteria. As you'll discover, different credit cards companies have different standards. But, if you are turned down by several companies, that may indicate that you are not ready for a credit card.

On the other hand, if you've been denied a credit card because of information supplied by a credit bureau, federal law requires the creditor to give you the name, address and telephone number of the bureau that supplied the information. If you contact that credit bureau within 60 days of receiving the denial, you are entitled to a free copy of your report.

It is extremely important that you dispute any inaccuracy with the credit bureau, but also with the company that furnished the information to the credit bureau. No one is going to make corrections on your behalf.

"Credi-quette" --The Miss Manners Guide To Proper Credit Card Handling

Once you get a card in the mail, sign it immediately so no one else can use it. Note that the accompanying papers have important information, such as customer service telephone numbers in case you have questions or your card is lost or stolen. File this information in a safe place ? one that is easy for you to access.

Call the card issuer to activate the card. Most cards come with stickers affixed that give you a telephone number to call. Many issuers require this step to minimize fraud and to give you additional information.

Keep your account information to yourself. Never give out a credit card number or expiration date over the phone unless you know who you're dealing with. A criminal can use this information to steal money from you, or even assume your credit identity.

Keep copies of sales slips and compare charges when your bill arrives. Promptly report in writing any questionable charges to the card issuer.

Don't lend your card to anyone, even a friend. Your credit privileges and history are too precious to risk.

Credit Card Land Mines ? Watch Your Step!

While a credit card makes it easy to buy something now and pay for it later, you can lose track of how much you've spent by the time the bill arrives if you're not careful. And if you don't pay your bill in full, you'll probably have to pay finance charges on the unpaid balance. What's more if you continue to charge while carrying an outstanding balance , your debt can snowball.

Before you know it, your minimum payment is only covering the interest. If you start having trouble repaying the debt, you could tarnish your credit report. And that can have a sizable impact on your life. When a negative report makes it more difficult to finance a car or home, get insurance or even get a job, it can be frustrating, embarrassing and downright painful.

Copyright ? Credit and You | All Rights Reserved |

To find out additional rights you have as a credit card user, how to get your first credit card, easy steps anyone can take to repair there credit report, the different types of credit cards accounts, and how to find out if your getting the best credit card deal visit http://www.creditandyou.com/creditcards.html it's a free information website!

limousine chicago service
In The News:

Bad Debt Recovery

Bad Debt IdentificationIdentifying bad debt is not as easy as... Read More

Credit Report And Correction Techniques

The three major credit bureaus, Experian, Equifax and Trans Union... Read More

Bankruptcy vs. Credit Counseling: What Should I Do?

Credit Counseling and bankruptcy are both ways to relieve the... Read More

Stop Struggling Because Of Poor Credit And Improve Credit Rating Now

Did you apply for a personal loan only to be... Read More

Free Credit Report - Really

2005 marks the year that consumers will be able to... Read More

Credit Education

Having credit education is like knowing how to read. It... Read More

ChexSystems: Who They Are and How it Affects You

ChexSystems is a company that maintains a subscriber membership service... Read More

The Three Largest Factors In Your Interest Rate

There are three major factors that affect how much you... Read More

0% Credit Cards

These days, credit cards in the UK are competing with... Read More

Credit Counseling Basics

Credit counseling is an option you might want to consider... Read More

Credit and Its Cost

What is Credit? Credit is money granted by a lender... Read More

Why Credit Cards are a Bad Idea

Credit cards are just so convenient, aren't they? There's no... Read More

Sound Advice For First Time Credit Card Users

If you are just entering the world of credit cards,... Read More

Credit Cards and How To Choose Them:

It may seem like a simple question but its important... Read More

Making Sense of the Information in Your Credit Report

If you've ever applied for a credit card or loan,... Read More

Automobile Credit Report

When applying for a loan to purchase a car, the... Read More

The Next Person With Credit Problems Got Their First Credit Card Today!

One of the focus areas of my information is the... Read More

Myths and Truth about Credit Scoring

Credit score is the key factor determining approval of almost... Read More

How Your Credit History Can Affect Your Life

Your credit history is an important aspect of your life.... Read More

Credit Card Balance Transfers Can Help You Stop Putting Money Down The Drain

As you probably know, interest rates are at all time... Read More

4 Steps to Creating Good Credit

As a consumer you've learned the importance of establishing a... Read More

The Top 5 Secrets to Managing Your Credit Cards?So They Won?t Manage You

You've probably never heard of Frank X. McNamara, but he... Read More

Credit Cards And Loans - So Many Options - So Little Time

Credit Cards and Loans sounds like just two things, but... Read More

Useful Tips When Choosing Credit Cards

Chances are you have received your share of "pre-approved" credit... Read More

How To Eliminate Credit Card Debt

There is almost nothing more troublesome than having too much... Read More

solar led parking lot lights street light gallery Pete's produce ..