The internet is full of information about credit cards, yet people still wonder what the best choice is for them. Here are questions people wonder about… Is it a good idea to cosign for family members? You should probably never cosign on a card for family. If they default, you’re...
Author Archives: New Credit Card Spot
Adding Mortgage Or Rent To Credit Card Payment
Using a credit card is highly convenient. You can use it for just about anything ranging from emergencies to credit building. But, there are some things you should steer clear from with credit cards, such as mortgage payments. When you’re low on money one month it may be tempting to...
Disputing Charges On Your Credit Card Statement
Believe it or not, your credit card company can make mistakes too. You should read your report and see if there are any additional or double charges that should be disputed. If you wait too long to dispute charges, it may be too late and you’ll still be liable for...
Is It Ever Good To Put Small Things On Credit Cards?
Say you want a latte, a muffin, or just want to get a little gas for your car. Is it a good idea to use your credit card? After all, it’s a small amount and you’ll pay it back, right? Well…some people say you should never put small purchases on...
How To Save Your Credit Score From The Dumps
A shaky credit score means the difference between getting approved for a loan and being denied. And when you’re ready to go for that first home, or new car the last thing you want is to be denied. If you know your credit is bad, there’s no time like now...
Examples of Hard Credit Inquiries
Lenders and other third parties judge your creditworthiness based on many factors and one of them is the inquiries that are on your report. Inquiries allow them to see when and where you’ve searched for credit in the past. There are two kinds of credit inquiries they can look at:...
Top Credit Monitoring Companies
Credit monitoring companies keep a lookout on your credit report to see if there is any suspicious activity. Some of the best credit monitoring companies out there include: Identity Guard: This company is considered the best on the market. It monitors any changes in your credit score and offers some...
Credit Card Terms You Should Know
Introductory rates – These are rates offered by the company and will go up after the introductory period is over. Annual fees – These are fees charged by the company each year for using the credit card. It is not the same as the interest rate. Overseas transaction fees –...
How To Report Account Mistakes On Credit Report
If you see any discrepancies on your credit report from the actual statement that you get from AnnualCreditReport.com, don’t just take it -challenge it. For example, if you’ve always paid one of your credit cards on time, but your credit report lists the account as 10 days past due, you...
Is a Closed Account Still on Your Credit Report?
Sometimes we need to close an account on our credit report. Maybe we’re done with the card or loan. Or, maybe the lender closed it. Either way, it may still show up on your credit report. There are many reasons for this. It shows new creditors what you’ve had in...