The Risks and Rewards of Using Credit Your credit record reflects how well you managed your financial responsibilities over a certain period of time. Obviously, there are rewards for handling your credit well. Having a good credit report can give you the ability to: Improve your lifestyle through purchases that are only possible with […]
I checked my credit report online and saw that it says I have no credit cards. I am an authorized user on a card, and I pay the balance every month. Why doesn’t it appear on my report?
Why is it important to establish credit while you’re young? If I don’t establish any credit will it affect my future and why?
A bank has a new credit card for those with poor credit. They say you have to put down a $300 deposit, and after that deposit they’ll give you the card. The bank told me it will help me bring up my credit score. Is that true?
My college freshman daughter applied for a credit card, was declined, and then applied for a secured card and was also declined. How can I help her build credit? She obviously has no history, but I am concerned that the two denials are going to hurt her score. I am at a loss on how she can build her own credit.
Do small available balance credit cards, such as retail cards or gas cards with say $300 available balance, help or hurt credit scores, even if no balance is owed?