Posts Tagged ‘applying for credit’

Certain decisions can quickly turn your credit upside down, and many consumers may not realize what happened until it’s too late. Some common credit mistakes that are made often include:  Only making minimum payments One common misconception when it comes to credit is that making timely, minimum payments is all it takes to maintain good […]

Certain decisions can quickly turn your credit upside down, and many consumers may not realize what happened until it’s too late. Some common credit mistakes that are made often include: Applying for too much credit Applying for too much credit can cost you in a couple different ways. The more credit card accounts and loans […]

Lenders look at a lot of things when they’re making a decision about a credit application. In addition to your credit history and payment habits, some lenders also follow a specific model that is known as the five C’s of credit. Although it may vary by lender and the type of loan or credit you’re […]

It can be perplexing when you think you’re doing all the right things to improve your credit, only to see your credit score drop instead. Whether substantially, or even by just a few points, seeing your score go down can be frustrating, especially if you aren’t sure of the cause. While it can sometimes be […]

     It can be perplexing when you think you’re doing all the right things to improve your credit, only to see your credit score drop instead. Whether substantially, or even by just a few points, seeing your score go down can be frustrating, especially if you aren’t sure of the cause. While it can sometimes […]

If you applied for a credit card and you were turned down, you might not receive a reason why. Understanding why you were turned down for credit can help you for the future, so that you know what areas you need to work on the most and what to improve before applying again. Some of […]

If you applied for a credit card and you were turned down, you might not receive a reason why. Understanding why you were turned down for credit can help you for the future, so that you know what areas you need to work on the most and what to change before applying again. Some common […]

If you applied for a credit card and you were denied, you may not receive a reason why. If you’re puzzled as to why your recent credit card application was turned down, it may have been due to one of the following: You have credit issues One very common reason that people are not approved […]

If you’re in the process of rebuilding your credit after having a bad credit score for many years, or you’re establishing new credit for the first time, there’s a good chance that any credit cards you have will come with a low limit. If you’ve made timely payments and have had the credit card for […]

Is it time to apply for your next credit card? Whether you’re thinking about getting a second credit card, or you want to replace your current (and only) credit card, the following are some signs that it may be the right time: You aren’t receiving any rewards Do you use your credit card for daily […]