Unsecured Credit Card
Speaking of paper, tear up the pre-approved card offers receive in the mail; otherwise, they can be stolen and sent back in with a change of address request. Good record keeping will also help keep the wolves from your door.
Keep a list of all credit cards and their appropriate contact numbers handy in case of theft or loss. Also, be vigilant in checking monthly statements to make sure all purchases on a card are valid. Finally, though it may seem obvious, make sure you get your card back after making a purchase.
After getting their instructions you can do some small payments and then ask them to provide you a balance statement, which you will give to the mortgage originator so he can run a credit repair through Rapid Rescore. This can restore your credit score within 3-4 days, or in worse case a week.
Of course you want to do everything in your power to keep your rating up and as high as possible. But getting rid of or closing a credit card account will only cause a possible drop in your rating or credit score. Make sure you get your copy of your personal free annual credit report online to check the status of your accounts.
Credit cards are a necessary must have to establish any kind of credit. Many people unwillingly just sign up for as many credit cards as possible with the hopes that it will build up their credit. For others, the lure of being able to purchase a huge ticket item is too hard to resist signing up.
It may be time now to re-do your budget and spend only what you can afford. If you have to get rid of credit cards, by all means do it. The nice thing about secured cards is that you're able to control your spending since there is a cap on what you can spend.
Learn how you use a credit card - A credit card isn't hard to use but if you've had trouble in the past, try and use some of these steps in order to use a card the proper way. Learn how to pay your balance off in full each month as well as know what you're putting on your card.
The best way to do this is simply by either writing it down or marking down somewhere where you can remember. This way, when you go to your bills at the end of the month, you won't be surprised with the total.
Many gas station groups have their own credit cards. There are Conoco, SuperAmerica and Texaco. Some of these cards are able to be used at other stations, but usually it is stations that are affiliated with the company that issues the card.
Of course, this does not mean much when, as in most cases, the merchant does not bother to check it, but it certainly does not hurt. In addition, though many transactions occur online and over the phone, there is still a massive amount of paper out there that will have vital credit card information on it. Make sure you keep all receipts, and shred those you do dispose of.
Keep a list of all credit cards and their appropriate contact numbers handy in case of theft or loss. Also, be vigilant in checking monthly statements to make sure all purchases on a card are valid. Finally, though it may seem obvious, make sure you get your card back after making a purchase.
After getting their instructions you can do some small payments and then ask them to provide you a balance statement, which you will give to the mortgage originator so he can run a credit repair through Rapid Rescore. This can restore your credit score within 3-4 days, or in worse case a week.
Of course you want to do everything in your power to keep your rating up and as high as possible. But getting rid of or closing a credit card account will only cause a possible drop in your rating or credit score. Make sure you get your copy of your personal free annual credit report online to check the status of your accounts.
Credit cards are a necessary must have to establish any kind of credit. Many people unwillingly just sign up for as many credit cards as possible with the hopes that it will build up their credit. For others, the lure of being able to purchase a huge ticket item is too hard to resist signing up.
It may be time now to re-do your budget and spend only what you can afford. If you have to get rid of credit cards, by all means do it. The nice thing about secured cards is that you're able to control your spending since there is a cap on what you can spend.
Learn how you use a credit card - A credit card isn't hard to use but if you've had trouble in the past, try and use some of these steps in order to use a card the proper way. Learn how to pay your balance off in full each month as well as know what you're putting on your card.
The best way to do this is simply by either writing it down or marking down somewhere where you can remember. This way, when you go to your bills at the end of the month, you won't be surprised with the total.
Many gas station groups have their own credit cards. There are Conoco, SuperAmerica and Texaco. Some of these cards are able to be used at other stations, but usually it is stations that are affiliated with the company that issues the card.
Of course, this does not mean much when, as in most cases, the merchant does not bother to check it, but it certainly does not hurt. In addition, though many transactions occur online and over the phone, there is still a massive amount of paper out there that will have vital credit card information on it. Make sure you keep all receipts, and shred those you do dispose of.
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