Many of our readers want credit card consolidation help. And it stands to reason. According to a Federal Reserve Statistical Release on consumer credit, Americans have a combined credit card debt of $864.4 billion, a figure that is expected to grow to $1,177 billion by the end of the year.
When looking for credit card consolidation [...]
Posted in Credit Cards 
Tags: Credit Card Consolidation Help, credit card score, Philip Tirone 
No Comments »“How do I improve my credit score?” You would think that bankers would be trained to answer this question. After all, wouldn’t they want to help their customers?
Shockingly, the answer is no! They want to keep you in the dark. If you learn how to build credit, your interest rates will drop, and the banks [...]
Many people wonder about the relationship between credit cards and credit scores. While credit cards can be great tools in enabling you to purchase goods and services without having the cash on hand, they can also present an almost irresistible temptation to spend money you don’t have and mess up your credit score. What you [...]
… With Credit Cards
Although most people live with credit as a daily part of their lives, many others persist in living debt free, using cash to conduct all transactions and never purchasing anything on credit. If you have ever suffered a financial crisis, you might be inclined to join the ranks of these people, wiping [...]
Posted in Credit Cards, Featured Posts Tags: credit card score, Living debt free, Philip Tirone 7 Comments »
In today’s world, good credit is becoming increasingly important, and the best credit monitoring advice we can give you is to review your credit report regularly.
Many banks no longer offer loan programs for people unless they have pristine credit. And credit card companies are tightening the reins on borrowers with excellent credit. Having a poor [...]
Posted in Credit Scoring Tags: best credit monitoring, credit card score, Philip Tirone 3 Comments »
Though some of the credit-boosting activities simply take time, there are some surefire strategies if you need to know how to raise your credit score fast. This post takes a look at three of them.
The first strategy for those of you who need to know how to raise your credit score fast is to become [...]
I don’t understand everything that goes into my credit score. Can you help me understand how this number is generated?
First, it is important to note that your credit card score and your credit score are not the same thing. Your credit card score is a letter grade that we created simply to indicate how [...]
Credit inquiries, which are required anytime you open new credit cards, account for about a tenth of your credit score. Anytime a potential lender requests your credit score, your score will drop a point or two, assuming you have strong credit. Lots of inquiries within a one-year timeframe will hurt your score by more than [...]
The length of time you have had credit—which includes the age of credit cards on your credit report—is a big factor in determining your credit score, accounting for 15 percent of your credit score. The older your accounts, the better your score.
This component considers not only the age of individual credit cards, but also the [...]
Your credit card payment history is a big part of your credit card score and your overall credit score.
Your payment history on all your debt obligations (such as a mortgage, your credit cards, and your auto loan) accounts for 35 percent of your credit score, which makes it the most important factor in determining your [...]
Posted in Credit Cards Tags: credit card payment history, credit card score, Philip Tirone 1 Comment »
A “credit card score” is a letter grade that reflects whether your credit card habits are helping you build credit or causing you to have bad credit: An “A” credit card score is excellent; an “F” indicates that you likely have bad credit. The lower your credit card score, the more likely you have bad credit and need to make immediate changes to your credit card behavior.
How many credit cards do you have? How high is your balance? Do you pay your bills on time and in full? All of these factors are used to determine your credit card score.
Do you have good credit or bad credit? Take the quiz: What is my credit card score?
