Posted on Friday, 27th January 2012 by Heather Powell
Following a tough year for consumers and in the aftermath of Christmas 2011s debts, many people may be looking to consolidate their debts or take out new loans or credit cards. Comparison site, MoneySupermarket.com urges borrowers to take time to understand their credit file and offers a number of steps for Brits applying for credit, [...]
Tags: Credit, Credit Profile
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Posted on Sunday, 8th January 2012 by Heather Powell
While avoiding debt entirely is the best advice for a healthy start to the New Year, those with a festive financial hangover may be considering a 0 per cent interest balance transfer credit card. We investigate the best cards and what pitfalls should be avoided if you get one. A substantial 28 per cent of [...]
Tags: Balance Transfer, Balance Transfer Credit, Credit, Transfer Credit
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Posted on Friday, 14th October 2011 by Sarah Sullivan
How long does it take to repair credit? The credit repair process is ongoing. If your credit score is 580, it won’t change into a 720 within a matter of months. It can take some people years to rebuild their credit history and raise their credit scores. That being said, repairing your credit is not [...]
Tags: Credit, Repair Credit
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Posted on Friday, 8th July 2011 by Heather Powell
The web is abuzz with news of financial regulations going into effect this month. One in particular caught our eye: The Fed reports that, starting July 21, creditors will be required to “disclose credit score information to consumers when a credit score is used in setting or adjusting credit terms,” whether the consumer is approved [...]
Tags: Credit, July 21, Starting July, Starting July 21
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Posted on Sunday, 26th June 2011 by Sarah Sullivan
Credit card provider MasterCard has struck out at merchants that levy excessive surcharges on transactions. Head of strategy for the company David Masters told Radio Nationals Breakfast programme that there is “no question” that the amount paid by consumers is higher than it needs to be in many cases, reports ABC News. His comments come [...]
Posted on Monday, 20th June 2011 by Heather Powell
The type of credit you have can have a huge impact on what you want to buy – irrespective of whether it is a cell phone or a house that you are planning to buy. Most people in the industry state that the credit report is more or less like a report card for grown-ups. [...]
Tags: Credit, Credit Report
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Posted on Monday, 20th June 2011 by Rebecca Ortiz
Credit cards are based on a form of lending called “revolving credit”, which is completely different from the type of credit that is usually extended for things like car loans, mortgages or personal lending, which is generally referred to as “installment credit”. Revolving credit is different in several ways and understanding the difference can help [...]
Tags: Credit, Revolving Credit
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