Offers from banks for credit cards with cashback incentives, rewards programs, and 0% temporary rates might overwhelm your physical and virtual mailboxes. Beware! While the perks offered might tempt you to take advantage of applying for accounts, opening multiple credit cards simultaneously can hurt you financially. Here’s why.
Tag: credit score
Getting a Mortgage After Declaring Bankruptcy
When people declare bankruptcy and discharge much of their debt, they have a mark on their credit report telling lenders there is cause for worry. If you’re in this situation, don’t lose hope. Although this financial move can make it more challenging to obtain a mortgage, it’s not impossible.
3 Ways to Improve Your Credit Score in Under 60 Days
You need a strong credit score to qualify for a loan and get the best rate or rent the house of your choice. There are ways to increase a score number if it’s not where creditors need it to be — sometimes in as little as 60 days. Here are three strategies you can try.
4 Types of People Who Can See Your Credit Report
You probably realize how important it is to keep your credit score on an upward trend, but do you know who can see it and how? The truth is, many people can see your credit score along with your credit report, but only those with a genuine need can access the underlying information. Here are some legitimate organizations and people who might need your credit history.
Cash Back or Travel Rewards Credit Cards: Which Are Best?
When most people think of credit cards, they think of mounting debt, interest rates, and last resort spending. Yet, if you use these types of cards with a disciplined strategy, they could have some significant benefits. You might want to consider taking advantage of a cashback credit card or one giving you travel rewards for your purchases, but which one is best? The answer is: It depends.