What Credit Score Do You Start With?

Credit score Q&A: “What credit score do you start with?” Questions related to credit scores are always difficult to answer because companies like FICO don’t reveal every detail of their complex scoring algorithms. Credit scores also happen to be very unique from consumer to consumer, with no two alike.  Kind of like snowflakes. Minimum Requirement … Continue reading “What Credit Score Do You Start With?”

How Often to Check Your Credit Report?

Credit Q&A: “How often to check your credit report?” Credit reporting seems to be all the rage these days, now that a ton of companies have realized how profitable the fear of the unknown can be. Now don’t get me wrong – staying on top of your credit history is extremely important, especially when it … Continue reading “How Often to Check Your Credit Report?”

Top 10 Credit Card Companies in the World

Ever wonder who the top credit card issuers in the world are? Or just in the United States? Well, you can put your wonders to rest. As of the end of February, there were 576 million credit cards in circulation in the United States alone, according to CNBC. And U.S. consumer revolving debt was an … Continue reading “Top 10 Credit Card Companies in the World”

How Do Credit Card Companies Make Money?

Credit card Q&A: “How do credit card companies make money?” Credit card companies make money in a variety of different ways. The first and most obvious way is via consumer-related fees. We’ve all paid late fees, over-the-limit fees, and so forth. Credit card companies make a ton by charging fees for all types of different … Continue reading “How Do Credit Card Companies Make Money?”

How Many Credit Inquiries Is Too Many?

Credit Q&A: “How many credit inquiries is too many?” Though most credit score questions are hard to nail down, thanks in part to the cryptic nature of credit scoring, we can get some useful hints if we look at certain data. Do the Credit Inquiries Matter? First things first, there are two types of credit … Continue reading “How Many Credit Inquiries Is Too Many?”

Credit Karma Review: Not a Scam and Pretty Accurate Too!

Below is my Credit Karma review, which is my personal experience with the company’s credit scoring tools. So I decided to give Credit Karma a whirl, considering they proclaim to be the providers of absolutely free credit scores and credit reports without the need for a credit card. They even highlight that fact in their … Continue reading “Credit Karma Review: Not a Scam and Pretty Accurate Too!”

How Many Credit Cards Should I Have?

Credit card Q&A: “How many credit cards should I have?” Credit cards can be useful tools to manage debt and earn rewards for everyday purchases, but they can also cause problems if you’re not responsible. Aside from landing yourself in serious credit card debt, too many credit cards can drag down your credit score, though … Continue reading “How Many Credit Cards Should I Have?”

Does My Spouse’s Credit Affect Mine?

Credit score Q&A: “Does my spouse’s credit affect mine?” So you’ve got excellent credit, but your spouse’s credit isn’t so hot. Does this mean your spouse’s bad credit history will affect your pristine past? Not exactly. Just because you’re married or living together doesn’t mean your credit history is commingled, which may or may not … Continue reading “Does My Spouse’s Credit Affect Mine?”

Getting a Credit Card If You’re Under 21

In a few weeks, it will be a lot more difficult to get a credit card if you’re under the age of 21, at least, that’s the plan. The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 (Credit Card Bill of Rights) will go into effect on February 22nd, and bring with it … Continue reading “Getting a Credit Card If You’re Under 21”

American Express Cards with No Annual Fee

I like American Express a lot, I don’t hide that fact. Their customer service is stellar, it’s easy to dispute fraudulent/bogus charges, and the rewards tend to be the best in the industry. Their credit cards also look really cool, and who doesn’t like to look cool? At the same time, a number of American … Continue reading “American Express Cards with No Annual Fee”