March 4th, 2010
I avoided having a credit card for many many years, and it wasn’t until a friend of mine need his credit card in another country to make some pretty urgent purchases that i have since decided to change my ideologies… Read the rest of this entry »
Tags: credit card, emergency credit card, travellers credit card
Posted in Advice | No Comments »
March 2nd, 2010
Today we couldn’t live in a more important time to have a good credit score. If you need anything you simply must have good credit. The banks have been forced to lend more sensibly (although we’ll see how this lasts), and credit card companies are much more wary about who they give their money to also… Read the rest of this entry »
Tags: credit card debt, credit card interest, credit score
Posted in Advice | No Comments »
February 26th, 2010
Following my earlier posts about getting credit scored, here are a few things you can do to improve your score with various lenders. And again, don’t worry if you don’t succeed with the first one, try another lender that suits your requirements… Read the rest of this entry »
Tags: bad credit rating, credit card applications, credit scoring
Posted in Advice | No Comments »
February 23rd, 2010
To begin with, there isn’t such thing as a universal credit rating, and you will not be turned down based on this simply because it doesn’t exist! There is another post on this information if you want to read it… Read the rest of this entry »
Tags: credit cards, credit scoring, lenders
Posted in Advice | No Comments »
February 19th, 2010
If you’ve been turned down for credit and you think yourself financially secure enough to obtain it, don’t panic, it isn’t always you, and you certainly don’t have a bad credit rating and you haven’t been black listed; this is because these two things don’t exist…
You can read a little more about the credit rating myth in a previous post on this blog, but for the meantime let us consider why you may have been turned down when you are perfectly capable of repaying your loan or credit card.
Have you ever heard a member of the opposite sex say, “it’s not you it’s me”? Well if you’ve heard that before then you’ll know just how frustrating it is. However, you’ll also know that it doesn’t matter what you do, or how good you are at this or that, you are not going to change their mind!
This is how it can be with lenders. Put quite simply, you may not be the customer they want. Why? Well you have to consider that lenders are not benevolent organisations, and they are not here to make our life easier. They are here to make money, and they want people to borrow money and obtain credit who are not entirely able to pay it off very quickly. That might sound really daft, but it’s true. If you are the perfect customer (in your mind) who will pay off their loan and / or credit card promptly then you are unlikely to make the lender a lot of money are you? You will not pay much in interest; thus they will not be interested in you.
Just look for another lender.
Tags: bad credit, credit rating, credit scoring
Posted in Advice | No Comments »
February 17th, 2010
Is this true? Well there isn’t such a thing as a universal credit rating no, but there is, as with anything else, a level on which you are compared when it comes to obtaining credit, loans, mortgages etc. This should explain a little more… Read the rest of this entry »
Tags: credit rating, credit scoring, loans
Posted in Advice | No Comments »
February 15th, 2010
So you’ve expressed your love for whoever it may be with a mountain of roses, half a dozen expensive teady bears and a bucket full of overpriced chocolate? Sound familiar? And perhaps you’ve also been out to dinner and taken in a movie and done all those things that your wallet said no to… Read the rest of this entry »
Tags: credit card debt, paying your bill, transfer balance
Posted in Advice | No Comments »
February 12th, 2010
A cashback credit card is a great idea, and there are many ways to make money with one of these handy little tools. I’ve been through this at length on a previous post about cashback credit cards, but today i’d like to focus on what you shouldn’t try to do with one of these… Read the rest of this entry »
Tags: cash back credit card, cashback, credit card advice
Posted in Advice | No Comments »
February 10th, 2010
A cashback credit card pays you every time you spend money with your credit card. It’s a simple deal really. You can potentially make a lot of money by using these cards, particularly if you pay off your balance at the end of each month so you avoid paying interest… Read the rest of this entry »
Tags: cashnack, credit card advice, the best cashback credit cards
Posted in Types of Cards | No Comments »
February 8th, 2010
Well it’s not such a stupid question you know, some people really need to know this sort of stuff, and there are plenty of you out there who won’t be entirely sure how it all works out when you try to tranfer the balance of one credit card to another… Read the rest of this entry »
Tags: 0% interest on balance transfers, balance transfer, compare balance transfer credit cards
Posted in Advice | No Comments »