 |
||
| Your Personal Finance Magazine | Finances ~ Banking ~ Investing ~ Financing ~ Credit Cards ~ Insurance | |
| You are here: Home: Financing: Credit and credit cards | Thursday ~ March 27 ~ 2025 |  |
| Category: Financing |
Credit and credit cardsA guide to understanding ... |
“0% Interest Rate!” “No Payments until the Year 3000!” “No Annual Fee!” Then you see it – five pages of tiny print that might as well be in a different language. Most people don’t even attempt to muddle through the fine print, and the ones who do usually end up more confused. Credit card advertisements and agreements are filled with specialized terms and mathematical equations that the majority of people just blindly accept. You, however, now have us to help. After reading this guide, you will understand your credit, credit card agreements, and actions that you can take to improve and protect your credit. Credit Bureaus There are three major, national credit bureaus that collect and maintain credit information on you. Credit Monitoring Check your credit periodically for changes. Credit Score You probably have several credit scores. Credit Cards There are three basic charges that you can use credit cards. Secured Credit Cards Credit cards for people who have poor or no credit. Debit Cards Debit cards are very convenient without the danger of debt. Creditors and Collection Agencies Creditors are lenders who extend a line of credit. Credit card interest rates Least understood and usually the most dangerous. (don) |
||||||||||
Bookmark
|
||||||||||
|
Average rating: 10 of 1 votes. |
||||||||||
|
||||||||||
| ------------------------------------------------------------------------------------------------------------------------------------ | ||||||||||
| More articles in category Financing: | ||||||||||
|
Beware of bad credit loans
You might think that having bad credit means that you cannot obtain a loan or that you will need to pay outrageous interest rates on your loan. However, this is not necessarily the case. Some lenders take advantage of people who have bad credit. For this reason, you should be … more |
||||||||||
|
Payday loans
A payday loan is a fast, simple and easy way to obtain cash when you need it, right away. Maybe your car suddenly needs a new transmission. You need it to go to work, but the mechanic won't release until you pay the bill in full ... and you won't … more |
||||||||||
|
Adjustable rate mortgage
If you are buying a home for the first time, then you are wondering what type of mortgage to get. Unless you have a reliable friend, relative, or acquaintance that is going to tell you the truth, do the research on your own first. Mortgages come on a wide variety. … more |
||||||||||
|
Credit Bureaus
There are three major, national credit bureaus that collect and maintain credit information on you. They are: Equifax Experian (formerly TRW) TransUnion The credit bureaus are also known as credit reporting agencies (CRAs). There are other agencies, but most banks, car dealerships, and credit card companies rely on the three major bureaus. According … more |
||||||||||
|
Credit Monitoring
For people who want more than just the free copies of their credit reports, there are paid services called credit monitoring. You pay anywhere from $5 to $40 a month, and a credit bureau (or outside company) tells you when there have been changes made to your credit report. The … more |
||||||||||
|
Credit Score
Reading and interpreting credit reports can be time-consuming. In fact, most lenders have decided that they don’t want to do all that work! They want to know about your credit, but they don’t want to train employees to evaluate your credit. These days, most companies use a shortcut. They rely … more |
||||||||||
| Your personal finance magazine at Porias.com | |
| Finances ~ Banking ~ Investing ~ Financing ~ Credit Cards ~ Insurance | Copyright © 2005- Porias.com ~ All rights reserved |
