Playing the Credit Card Game

Playing the Credit Card Game

Credit card companies are established to make money from the service they are rendering for their customers. Though they are always happy if their clients have a good credit rating, but they are not always happy when you pay off their credit card balance each month. Their wish is that you always carry a balance every month so that they can charge interest on your account. Because of this reason, they are responding by becoming more creative at finding ways to make money off you.

purse with dollars

So, there is a need for you to be a smart customer so that you don’t fall the victim, as it can end up affecting your credit rating. In this article, we will look at a few ways you can escape their financial traps.

Make sure you read the information you get from your card issuing company. Read every form you get from the potential card company. Also, make sure you study the bill and every other information you get from your credit card company over time because they can change their terms of your card agreement with as little as 15 days and if you are careless to take note of this it may end up affecting your credit.

Make sure you avoid late payments of your fees. If you make a late payment you can be subjected to larger balance on your account and your card issuing company may hike your interest rate as a result of this.

Avoid carrying a balance every month because you will end up paying far more than you should for everything you charge to your card. Make sure you pay for everything your charge within the grace period if there is any and you will not fall victim of high-interest rates. Failure to do this will lead to accumulation of debt, which will end up spoiling your credit report if you are not careful.

If you are not feeling comfortable with the service you are getting from your issuing company or any of their terms make sure your complaint doesn’t die in silence. Because of the competition most of these companies are facing they will be forced to answer your complaint, and as a matter of fact, make adjustment where possible. For example, if you’ve been getting high-interest fees you can have it lowered by just making your request to your issuing company.

3d Black boxer is buying something with his debit card

You are free to shop around when you are thinking of getting a new card. Why should you be forced to one company you don’t feel you are comfortable with when there are lots of them out there. Shop around you can get whatever you want.

You can get an interest rate you want, grace period or a card without an annual fee charge. So, go out there, compare the rates, and terms of several cards before you make your choice. The choice you make today will surely determine your credit report tomorrow.

Most cardholders are careless when it comes to checking their credit report with the credit bureau or agencies involved. If you pay your balance on time and don’t carry balance often you have to make sure that your card issuing company reports your performance to the bureau on time. You may possibly want to get a loan in the future and your present credit performance will help you a lot in getting approval on time.

Bad spending habits are one of the viruses that have infected most of the card users in recent years. As a matter of fact, the use of the internet has even made it easy for every card used to get anything they want within minutes. So may find it impossible to control their spending. Most of the websites even make it so easy that you will not even know when you are giving them your card information.

There is a way out to make sure that you keep your card away most of the time. Most especially when you are accessing the internet and when you are going out. If it’s a must that you carry the card because of emergencies, take only one along. However, you can reduce or even stop the bad spending virus, if you stop buying things on impulse. If you are to buy anything at all make plan for it in advance.

We hope this information was beneficial.  You can have anything you want if you are enthusiastic about putting in the time, effort and plans to get to your goals.  Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips!

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Understanding Bad Credit And How To Improve It

Understanding Bad Credit And How To Improve It


It’s obvious that we now live in a credit world. There are lots of banking institutions offering different forms of credit from credit card to personal loans. The amount of people with credit cards is rising very fast. Apart from that, lots of people can hardly do without credit.


Financial problems concept. Depressed woman holding a credit card.


Because of lack of enough financial education and discipline on the part of most of these consumers they often find themselves in bad credit situations like court judgment, bankruptcy, and loan default which often make it difficult for them to get any credit at all in the future. You may now want to ask – what exactly is credit?


Credit means that you are getting a service or cash grant to use for your own purpose. You are often bound with a contract or agreement to repay in the future as agreed with a lender or service provider. Credit exists in different forms like a loan, mortgage, or credit card.


Before you can get credit from any financial institution or lending agency, they will first check your credit history. If you have defaulted on a loan before or have a bad credit history, you will find it almost difficult to get credit any time you apply for it.


Fix Your Credit Here


However, it’s possible for you to improve your credit history or build a new good credit history by repairing your credit, thus re-establishing your credit-worthiness. This process is called credit repair. It’s the process in which consumers with unfavorable credit histories attempt to re-establish their credit-worthiness.


Though there are lots of credit repair companies nowadays that promises to repair your credit for you if you can follow the simple guide, it’s very possible for you to do it yourself – after all, it’s your credit.


If you repair your credit it will make it easy for you to get low-interest credit, car or home loans. However, with poor credit rating, you may not be able to get loans or be subjected to high-interest rates and several other unnecessary conditions. So, it’s very important that you repair your credit if you have bad credit. You will get lots of tips on how to do this easily on this website “Check Here”.


You can have anything you want if you are willing to put in the time, effort and plans to get to your goals.  Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips!  In closing, We invite you to share your comments on this subject and the other posts. If you find the information useful, Like & Share us on Facebook, Google Plus and other social media platforms.  Remember to keep an open mind and Shift 4 Freedom.

Your Personal Credit Score

Your Personal Credit Score

Lots of people have been denied a loan, credit card or other forms of credit because of wrong information the lenders find in their credit report. Before banks or any other financial institution grant your application for a loan, they will first find out about your credit history from bureau by requesting for your credit report.


A credit report is a compilation of your credit history, past financial transactions and personal information possible. This report is usually compiled by accredited agencies known as credit reporting agency.

Credit reporting agencies are organizations that help credit card companies, loan companies, banks, and departmental stores in the country to ascertain the creditworthiness of their would-be clients. They provide these companies information about those who are good credit risk and those who are not.


They receive most information about consumers from loan companies, credit card companies, banks, credit, and lending sources. In this report, you will there be information on your occupation, place of employment, residence record, court and arrest records, income status, details on payment of your past and present bills and loans.


Once they have detail information from these sources, they give it to any organizations in need of it when requested. Though they keep on file information concerning you and your credit, they don’t make final judgments as to your creditworthiness. The decision is up to the credit card companies or any lender which you are dealing with.


The credit score is used by banks, credit card companies, loan lenders and other financial companies to determine your creditworthiness. As a matter of fact, most lenders often based their charges on information in your credit report. Also, some employers often consider information in your credit report before they employ you. If you have severe financial problems some will find it difficult to employ you.

Wrench and dollar on white background.3D illustration.

Whenever you apply for new credit card, loan or any form of credit from any source’s lenders will base their acceptance or rejection of your application on your personal credit report. If your credit report shows you’ve been reliable in the past, then you will most likely get the credit card or loan you apply for.


However, if you have in one way or the other defaulted on account or you were constantly late in making payments, it will likely be impossible for you to get the credit you applied for.


While compiling your report the agency or financial institution that’s giving them the information may make mistake and give inaccurate information about your credit. If you did not dispute this error and demand necessary changes, they will leave it in your report. You can imagine the possible effects on your life in the future. Because of this, it’s very important that you check your report at least once a year.


In other to be able to check your report for possible inaccurate information you must request for a copy of your report. You can get a copy of this report from the credit bureau because it’s your personal credit file and you have absolute right to know what is in it.


You have right to know exact information they are giving out concerning your name and creditworthiness. If the report is not good enough or you can prove to yourself that it’s all about your past, you can change it. You can build your new creditworthiness. It’s possible.


To learn more information and how to repair issues on your report, “Click Here”. Discover the secrets the rich keep away from the poor. “Click Here