Access to Credit
The Top Five Credit Card Myths … Busted!
If I were to ask you what is the most common form of consumer debt today, what would you say? OK, our title gives it away. But admit it if it’s true, wouldn’t you have thought either mortgages or car loans? In fact, the most common form of consumer debt today is the credit card.…
See Full Article Here ->New Credit Options for Those with Poor or No Credit History
Many unbanked and underbanked consumers don’t have credit cards and other traditional loans. Others operate on a cash-basis only and don’t carry debt at all. This happens despite there being plenty of financially responsible consumers who pay their bills on time. They just don’t have a traditional credit history, and they should be given the…
See Full Article Here ->A Rebounding U.S. Economy Means Greater Opportunities for Borrowing with Credit Cards
The U.S. credit card market has made a comeback alongside the momentum of the U.S. economy. Last quarter, credit card loans touched their highest level in over five years on strong job growth and improving income levels. After mortgage and student loans, credit card debt is the third largest source of consumer borrowings. Overall, the…
See Full Article Here ->Credit Card Use at Four Year Low in 2015
Consumers were more careful about using their credit cards in the first quarter than any time in the past four years, according to new data from the Federal Reserve. Credit card use was down 0.3% in the first quarter, the lowest since the first quarter of 2011. Given the tepid rise in wages and a…
See Full Article Here ->Exciting News Regarding Your Credit Score
As you know, your credit score has a dramatic effect on your life in a number of ways. It impacts your ability to acquire such things as loans, credit cards … even a home mortgage. That’s why we’re so excited to tell you about something new that’s just on the horizon … something that will…
See Full Article Here ->Is Now A Good Time To Get Started With Credit Card Borrowing?
With an improvement in the current economic outlook and market liquidity conditions, banks are now looking at growth options to increase their earnings. As a response to greater competition and changes in risk appetite, banks and federal associations have eased underwriting standards to expand their loan portfolio and achieve expansion. This spells good news for…
See Full Article Here ->Zero Interest Credit: Too good to be true?
The old adage is that if it sounds too good to be true, it probably is. Browsing through your mail, you’ve likely come across no interest credit solicitations from various institutions and wondered how they can do that. In the case of zero interest credit, the adage actually doesn’t apply. To understand how they can…
See Full Article Here ->How do credit bureaus make money?
How do credit bureaus make money? Numerous theories exist. I decided it might be a good idea to take a closer look at some of these theories. One such idea is that the credit bureaus get paid by banks to return data as negative as possible, so banks can have the upper hand with their…
See Full Article Here ->Want to fix an error on your credit report? Here’s how.
Do you know your credit score? Not everyone does, and they are quite often unpleasantly surprised when they finally get around to it. There are often errors that can bring the number artificially down, possibly disqualifying you for credit you might need for a future “rainy day.” (source) As a result, you might want to…
See Full Article Here ->Looking to “Kickstart” Your Business?
Because even Bill Gates had to start somewhere, there is an innovative presence on the Internet called Kickstarter. In a nutshell, Kickstarter helps those who need funding for any type of creative project they’d like to roll out to the public. These can be anything in the music, design, technology, film, gaming and art arenas,…
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