Category Archives: Articles

What are Credit Cards with Instant Approval

Do you think that credit cards instant approval offers are too good to be true? You might have been used to the traditional process of acquiring a credit card that instant approval would sound suspicious. But is this true?

Gone are the days when you have to dress up and drive to your local bank, fill-out a form, and personally submit your credit card application. Today, most credit card applications are done online. And compared to the old way, it offers people a much quicker, more convenient way of getting a credit card.

What are instant approval credit cards? Continue reading

How to Create A Budget Plan that Works

Many consumers are aware that having a budget plan is an advantage. Surprisingly, not everyone has one. Others may have tried to follow a budget plan in past but found it to be ineffective. The question is, how can you make it work?  In this article, we present practical tips on how to create a budget plan that you can follow:

Monitor your spending. Begin by getting to know your personal spending. Make a list of all your expenses for the whole month, from your biggest purchases down to the smallest cents. Calculate your total expenses and compare it from your monthly income. Based on your list, it will be easy to see if you have been spending more than what your income permits. Continue reading

Is it Possible to Lease an Apartment with Bad Credit?

For some reasons, some of us have neglected one of the most vital areas to consider in many monetary transactions.  This is the necessity for a clean credit report and high credit history.  If the situation is already there, some think that their choices are limited and can no longer make big moves like purchasing a house or hiring an apartment.  The excellent news is that there is a way for you to be able to still rent a home or an apartment even if you don’t have that clean credit record.  Below are a few pointers that you can follow to still be able to hire the apartment that you like. Continue reading

How To Choose Credit Card Balance Transfer

Balance transfer means relocating your debt from one credit card to another. This is a excellent way of saving money. If you have multiple credit card, you can even consolidate your debts by transferring all your outstanding balances to just one card. Many credit card companies offer an interest-free period, making them the best balance transfer credit cards. Additionally, there are some providing considerably lower interest rates than what you are putting up with. Continue reading

guaranteed approval

Why Should You Apply for Guaranteed Approval Bad Credit Card?

A guaranteed approval bad credit credit card is a common financial tool for people with poor credit. There are many different types of guaranteed approval credit cards.  Unsecured, secured and catalog are the most common.

  • Unsecured bad credit credit cards – are credit cards that don’t require a security deposit and are issued by sub-prime lenders.  Meaning they are made for people with low credit scores.  Read the fine print.  Not all of these cards are unsecured.  Credit limit tend to be lower than secured cards and the fees are higher.
  • Secured credit cards – use your security deposit as your credit limit.  Most don’t really credit check since they have your security deposit.  So if you default, they are still covered. These cards tend to have very low fees and are great for rebuilding your credit.  Usually after a year they will become unsecured and you will get your security deposit back.
  • Catalog credit cards– these don’t credit check at all.  They tend to give you VERY high credit limits, but you can only buy merchandise within their catalog

It works just like any regular credit card so it can really benefit the card holder in many ways. However, some people may not be familiar with this type of credit card.
If you can’t qualify for a regular credit card, here are 4 reasons why you should apply for guaranteed bad credit cards: Continue reading

What to look for when choosing a new credit card

There are several key factors in choosing a new credit card. Most of them deal with your lifestyle. For me, I tend to choose credit cards with reward programs. My husband and I used to love to take weekend trips before the kids came along. Now the cost can be quite prohibitive when buying tickets for the whole family vs just the two of us. So all my cards are either airline reward or hotel reward based cards. That suits our lifestyle and makes sure that we can enjoy a nice vacation each summer. Below, I have listed several features that I look for when choosing a new card. I hope they are helpful in helping you choose one that will work to your advantage. Continue reading

Visa Mastercard Amex and Discover

First Credit Card? How to manage your credit

The first time you get a credit card, is really exciting. I remember obtaining my first credit card. It was for the department store Bloomingdales. As soon as I got it, I headed Visa Mastercard Amex and Discoverdown to the mall to start spending on it! About a month later I got my first credit card bill, and that was pretty exciting too….until I saw how much I had spent! I couldn’t even remember half the stuff and I had brought some gifts for friends too! Very foolish LOL. I should never have opened the account without a steady income and a better grasp of Needs vs Wants!

Like a lot of young people, I eventually fell behind and within the first 2 years of having credit cards, my score wasn’t what it should be. I was lucky. I worked for a bank with a great manager and he got me back on track. In this article I’ll go over some tips to help you stay out of trouble with your first credit card! Continue reading

Improve your credit score

Five Easy Steps to a Better Credit Score

Improving your credit score is not really rocket science.  A lot of the expensive credit repair companies only want it to seem complicated!  Creating good credit habits will go a long way in improving your score.  The best way to maintain a good credit score, is to of course pay all your bills on time.  Here are five more easy steps on how you use to  get a better credit score: Continue reading

How to Avoid Hurting Your Credit Score

Are you hurting your credit score?  Many consumers are not aware that they are inflicting damage to their credit scores with how they handle credit.  There are a lot of seemingly innocent credit habits that maybe causing you to have a lower score than you deserve.

Do not max out your credit card.  Did you know that maxing out your credit limit can deduct anywhere from 10 points to 45 points from your credit score, depending on your current rating?  Credit utilization makes up 30% of the FICO score so this is not a surprising fact. Continue reading