Rebuilding Credit WITHOUT Credit Cards

If you're one of the many Americans struggling with a less than ideal credit score following the credit crunch and real estate bust, you know that rebuilding credit can be a difficult process. Financial experts often recommend getting a secured credit card to rebuild. The trouble with that approach is that credits are usually the reason most people get in trouble in the first place. If you need to…
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What To Do If Your Credit Limit Is Lowered

Since the financial fallout from the Great Recession, many banks have started lowering credit limits, even for customers with good credit and payment history. Lenders are tightening up outstanding risk and have scaled down credit limits to reduce the risk of default. Many banks use an automated algorithm that analyzes your spending to determine whether you are likely to become a credit risk. Changes to where you shop and…
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How Long Does Bad Information Stay On Your Credit Report?

One of the most asked questions for credit agency call centers is how long bad information stays on a credit report. Your credit score impacts everything from buying a car to getting a job. If you’ve made some missteps in the past, knowing how long bad information will stay on your credit report is important. The Fair Credit Reporting Act (FCRA) limits how long a credit reporting agency can…
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Easy Ways Young People Can Start Building Credit

You can technically spend your twenties without any credit rating. You can pay for everything in cash and skip applying for student loans, or car loans, or even skip owning a credit card altogether. The idea of never having to worry about having any debt can be liberating, until you get older and realize that you need to have a good credit rating to get anywhere in life. Borrowing…
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3 Credit Utilization Tips To Help Your Credit Score Skyrocket

Your credit score is an important factor to look into when you purchase items through credit. As a consumer, you need to have a better understanding of your creditworthiness to have the ability to purchase both small-ticket and high-ticket items. Credit scores are calculated based on a variety of factors and the “credit utilization rate” is a significant part of such calculation. Credit utilization provides a picture of how…
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7 Ways That Credit Can Improve Your Life When Used Correctly

Credit initiates an immediate negative feedback in our minds because owing another person or institution money is a taboo for most people. You might be itching to get your hands off the topic but credit can actually do you good if properly utilized. After learning the seven ways credit can improve your life, you might change your mindset with regards to the credit taboo. High-Ticket Purchases Purchasing your own…
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Don’t Be Fooled By These Common Credit Myths

Some myths are all in good fun. There’s no harm in believing in the elusive bigfoot or holding onto hope that you’ll someday run into Elvis while filling up at the gas pump. But myths about your credit score are more than a tall tale — they are just plain bad advice. We all know how powerful that three digit score can be; it determines your interest rate on an…
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Studies show Generation X dependent on credit cards, delinquencies overall down 

A combination of studies recently released shows consumers are coming back home to credit cards after taking a break from charging post recession. In a study released by the American Bankers Association this month, new credit card accounts were up 14 percent from the same time last year. Not everyone is on board, though. A spring study from CreditCards.com, shows that credit card companies are facing an age gap…
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Interview with Jim Kemish – President of Sky Blue Credit Repair

We recently reached out to Sky Blue Credit Repair, a leading credit restoration service, to get some answers to several of the common questions we receive from our readers on a regular basis. Luckily, President Jim Kemish was kind enough to set aside a little time for us in order to clear up some pressing questions related to Sky Blue and the credit repair industry in general. We have…
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Exclusive Credit Cards Set The Ultra-Affluent Apart

The desire to be part of the in-crowd and sit at the cool table starts sometime around high school for most of us. As we get older, we want (or is it need?) the designer clothes, the luxury car and the friends with all the best connections. From those teenage years on, we want to prove our worth and for the few who have the bank accounts to back…
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