Archive for January, 2009
Tips to Protect yourself From Bad Credit Cards
from youtube
Here are some tips for protecting yourself from bad credit cards.
Most credit card offers are designed for people with good or excellent credit, which is why they come with low interest rates and good perks. Terms are stricter for sub-prime card holders. Because of the financial risk that banks take when they extend a line of credit to a sub-prime borrower, rates and fees are higher for these consumers.
But truly bad credit cards exist only to harvest fees. One example of a bad credit card is the Continental Finance MasterCard, which was chosen by Consumerist.Com as the worst credit card in the world in 2007. The card starts with a credit line of $300. However, it costs a whopping $247 to activate the card! Other traits of this bad credit card include monthly account maintenance fees, online payment fees, and a $25 fee whenever the credit limit is increased. (Such increases come in $75 increments.) Read the rest of this entry »
Annual Credit report to Assess Your Credit
For acquiring a loan and before loan approval your credit worthiness is checked by your lender. So the credit report has a very significant role to play in loan approval. Therefore the free yearly credit report is provided so that both borrowers and lenders can get the desired credit information that too free of cost.
There are three agencies that provide credit report- Equifax, Transunion and Experian. To get free annual credit report you’re not needed to pay anything. These reports are made to you available totally free of cost.
Free annual credit report provides you a chance to maintain a good credit record. With the help of this report, you analyze your credit scores and things that need your attention so that you can improve your scores. With these report you can easily get to know your credit worthiness and can find whether you can qualify for regular loans or not. Read the rest of this entry »