One 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. Continue reading “When will a negative account be off my credit report?”
The credit card companies earn you profit by charging high interest rates the card holders. The interest charged is income to them but for the card holder it costs a lot causing a hole in the pocket. The competition among the credit card companies has become very intense and because of this they try and making all possible efforts to retain their clients. Doe to this the card holder has some power in his hands to decide the fees and the interest they would like to pay every month.
To have a good credit card score and also to maintain it is not a very easy thing to do and takes time also. The most advised ways to raise a credit card score are to manage the debts in a wise way and also to stay organized with your finances. Good habits with respect to the finances in the best way to increase credit scores. One can follow certain tips to raise credit card scores.
A credit card is a plastic card which can be used to make payments. The card entitles the holder to pay for the purchase of goods and services with a promise that he will pay for them at a later date. The bank or the company that issues the card to the holder a line of credit from which the card holder can borrow money as per the limit and pay for the goods and services. Possessing a credit card has many advantages to the holder. Continue reading “What is credit card – pros and cons?”