Important questions to ask when shopping for a credit card

What is the annual percentage rate, or APR? How long will that APR last? What is the penalty fee for a late payment, and what is considered late? What is the penalty rate? Will there be an annual fee? Are there any other fees such as account termination fees or balance-transfer fees? Can I pay

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5 Easy Tips for Using a Credit Card Responsibly

1) Know the rules (terms, conditions, interest rate, etc). 2) Have your own rules for using the card. 3) Use a card, pay the balance. 4) Don’t just make minimum payments. 5) Don’t get a credit card solely for the promotional prizes or points.

College Students and Credit Cards

Your college years are the perfect time to establish good credit. Credit cards are also an indisputable fact of college life and there are many good reasons a student should have one. To name a few, a credit card gives you protection for your school purchases such as books and food, a credit card allows

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What is a Credit Score Range?

So you know your credit score, now what? Like all other scoring models, credit scores have a range. Your credit score range may be different from one institution to another as the scoring system used by all three credit bureaus are different. For instance:

Equifax : Fair Isaac Scoring Model Experian : PLUS Score

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What can I do to improve my credit score?

If you apply and are denied credit due to a low credit score, you have the legal right to be told by your creditor exactly why you were denied. Reasons for this could range from having too much outstanding debt, having too many open credit accounts to a balance that is too close to your

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What does my credit score need to be to get a credit card?

The real answer isn’t one simple three-digit number, but rather a variable answer dependent on a number of factors. But, generally speaking, a credit score of 620 is the threashold for a new credit “rank”. If you’re credit score is below 620, or even 640, there’s a good chance you won’t be approved for most

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What does my credit score mean?

Your credit score is a measure of your past ability to make payments on time and manage your credit. Your credit score is designed to help lenders determine how likely you are to pay back your loan. Your credit score is not concrete. It changes whenever you pay a bill on time or late, or

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