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Credit Cards and Reports

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  • 6 Tips for Living without Credit Cards

    The number of Americans who use credit cards has fallen to an all-time low, according to a recent Gallup poll, with about one-third going plastic free. And there may be a generational shift occurring, since nearly two-thirds of Millennials don’t have credit cards, based on data from Bankrate and Princeton Survey Research Associates International. So how can you join them in living without the plastic?  

  • Credit Cards: The Pros and Cons

    Credit cards often get a bad reputation, but the truth is they can be a key financial tool if used responsibly. Here are some of the top advantages and disadvantages to consider before you add a shiny new card to your wallet.  

  • How do you get an ideal credit score?

    Whenever you apply for credit, whether it's a credit card, car loan, mortgage or even to lease an apartment, the lender will take a look at your credit history as well as a version of your credit score. What many people don't know is that credit scores are not a universal thing – there are several different companies that offer this service, and while the factors they use in giving you a score are often similar, the actual formula they use differs and will yield different scores.

  • Should I do a balance transfer?

    One way to help the money you're paying toward credit card debt go farther in paying down your balance sooner is to make sure you've gotten the interest rate on the debt as low as possible. One way to do that is to transfer your balance to a new card with a lower interest rate. These offers often come with promotional rates where it starts out low but then jumps up after a certain number of months. There are definitely pros and cons to this strategy, but there are also a few things to consider. 

  • Understanding Your Credit Score (and Why It Matters)
  • What matters to your credit score and what doesn't

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