Have You Just Missed Your Payment? Late payment is not a good item to have on your credit report. It does not only have damaging effect on your credit, it may make lenders to decline your future loan applications. Another problem with late payment is that it can stay on your credit report up to
Grace Period Definition A grace period as may apply to credit cards, loans and insurance contracts is the period between when your payment is actually due and the deadline you are given to make the payment without you being charged late fee. A grace period is actually an extension that is granted you after your
The effects of bad credit on your finance is not good in any way. In fact, you should try as much as possible to avoid having a bad credit. As they say, prevention is better than cure. While it is very easy to allow your credit to turn bad, the situation may not as that easy
You can actually buy car with credit card if you choose. If it is not possible, you will not see advertisements on the internet asking you to buy your car online. Besides the cars that are being advertised to buy online, some car dealers also allow customers to pay with credit card. This means that
It is actually beneficial to have a high credit card limit. It will not only serve as a line of credit to use, you will be able to make large purchases. But unfortunately, it is not everyone that can be granted high credit card on their card even though they request for it. In fact,
Is it possible to have two different credit scores at a time? It is absolutely possible. You should not get confused about this. By the time you finish reading this article, you will know that that it is not unlikely for one person to have two or more different credit score per time. What is
Having high credit card limit may not necessarily mean that you are deep into debts. What is credit card limit? Credit card limit is simply the maximum amount you are allowed to spend with your credit card. Once you have reached the credit limit, you will no longer be able to use the card to
Smart Ways You Can Use to Build Credit Score You can’t have credit score except you are into debt. Probably that is what you have been advised on how to build credit score. Well, this may be correct to a certain extent but that is not the absolute truth. The truth is that you don’t
What is Excellent Credit Score? You are said to have excellent credit score if your FICO credit score is 800 and above. With VantageScore ranking, you only need to have 750 and above to be considered as having excellent credit score. With these credit scores, you tend to have access to loans at best interest
Cell Phone Payments and Your Credit Score In this article, I am going to discuss the relationship that exists between cell phone payments and your credit score. No one likes to do anything that they know will hurt their credit score. So, when it comes to payments of cell phone bills, many people want to
