FICO or Fair Issac Corporation created this credit score model which is used by lenders to calculate the credibility of an individual before giving out loans and fixing the interest rate. This is based on various parameters. Read more… »
Archives for Q & A – Credit cards category
When will a negative account be off my credit report?
Posted in Q & A - Credit cards by admin | No CommentsOne of the worse news that you can come across is negative bank accounts. This grave condition can worsen your financial situation. As per the rules laid down by FCRA the rule of the thumb is seven years. Read more… »
What credit card to get at 18 and not a college student?
Posted in Q & A - Credit cards by admin | No CommentsWhen one turns 18 they all want to have a credit card. It is of no use to apply for credit cards as soon as one turns 18 as there are all possibilities of the request being denied. This is because the credit rating at this point is low and one needs to build up the credit rating. Read more… »
Is it possible to transfer credit card balances to others’ credit card accounts?
Posted in Q & A - Credit cards by admin | No CommentsThere are many credit card issuing companies which allow their card holders to transfer the credit card balances to other credit card accounts. These cards allow the card holders to transfer the amount for free and after the money is owed to a different company they also give a grace period and they also charge less than the transferred balance. Read more… »
