Explore Credit Topics

Getting Approved For A First Credit Card

Credit is not something you are automatically born with. It is something you need to learn how to build on your own. The best way to build your...
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What Factors Are Not Factored Into Your Credit Score

Your credit score is only a three-digit number. But, this three-digit number is one of the most valuable and important assets you own. Life, by...
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Piggybacking Credit- Everything You Need to Know

What Is Piggybacking Credit? Piggybacking credit is having a third party, a creditworthy individual, add you to their credit card as an authorized...
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The New Fico Scoring Model: Fico 10/FICO 10T– What’s Changing?

Fair Issac and Co., the company that created the Fico score, announced in a recent press release that they will make available their newest scoring...
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Medical Collections

Chana F. is a working mom, juggling work and taking care of her four children. Life for her was always busy, but one day her oldest daughter started...
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Building Credit With a Store Card

One of the classic, old school ways of starting to build credit was by first applying for a store card.  What Is a Store Card? A store card is...
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Tips On How to Co-sign Responsibly

Many people who are homeowners today would not have been able to do it without a co-signer. Co-signing on a mortgage loan is one of the biggest...
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Key Differences Between an Authorized User and a Joint Account

If you own a credit card, you most probably already heard the term Authorized User, but did you ever hear of a Joint or Co-Applicant?...
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Building Credit Using a Student Card Rather Than a Secured Card

You can’t build credit without a credit card, but you can’t get approved for a credit card without credit. This is the building credit catch 22. The...
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Credit Inquiries- Everything You Need To Know

What Is A Credit Inquiry? A credit inquiry is when someone requests to view your credit report. There are two types of credit inquiries. There is a...
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Do Utility Or Phone Bills Help Build Credit?

Getting a bill in the mail is not one of the most exciting times in life. Responsible, timely people, though, make sure that their utility and phone...
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Does Opening or Closing A Bank Account Effect Credit?

There is a famous myth that if you open or close bank accounts often, then your credit score will drop. This is untrue, and in this post I will...
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How To Protect Your Credit Before A Charge Off

Things in life, unfortunately, do not always go as planned. Sometimes due to certain circumstances (medical emergency, unemployment, financial...
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Experian Boost

Experian recently announced a new program that will help consumers who don’t have any credit scores. The program is called Experian Boost. Until now...
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What Still Works: Removing Credit Inquiries

Bumpage The trick There used to be a trick on how to remove credit inquiries though a process called bumpage. It worked as follows: Transunion...
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Leaked Fico Document – Reasoning Codes

Which Factors Does Fico Use To Calculate Your Credit Score In this day in age, where transparency is at a very high level, it may sound very...
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Average Age of Credit History -True or False

If you ever reviewed your credit report using Credit Karma, Wallet Hub, Nerd Wallet, etc., you may have noticed that they all break down your...
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DLA – Why is it Important?

When reviewing your credit report (get a free copy here), you will notice, by each trade line written something that says DLA (date last activity)....
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Fico XD- Introducing Alternate Data

Traditional Fico scoring models only factor in information found on a consumer’s credit report. A traditional Fico score can only be generated if...
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Does Carrying A Balance Help Build Credit? (Myth)

Many people believe that carrying a balance will help them build credit or up their chances of getting approved for a credit card. People think that...
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Get a Business Credit Card With Bad Credit – Brex for Startups and Ecommerce

A single day does not pass that I am not asked this question: How can I get approved for a business credit card without using my personal credit?...
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Getting Approved For A First Credit Card

Credit is not something you are automatically born with. It is something you need to learn how to build on your own. The best way to build your...
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Know the Approval Rules Set by Credit Card Issuers

Credit applications are free, but why apply if you do not even stand a chance to get approved (you’re just wasting a credit inquiry). Most...
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Will A Credit Line Increase Result In A Hard Credit Pull?

As you move on in life, your expenses grow, so you will want to increase your credit line. Therefore, you will probably ask your bank for a credit...
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Secured Credit Cards – Everything You Need To Know

Are you looking to build or rebuild your credit? That’s smart! But, hey! Banks are not your buddy. They won’t lend you money just based on...
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Compare The Top 2% CashBack Cards

Credit card reward points are great. Stacking up millions of them is even greater. But, as we are now in a time where no one is really traveling, it...
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Kosher Groceries – How Each Is Categorized For Bonus Rewards

The kosher Jewish food industry is booming. An average kosher family spends hundreds if not thousands in the grocery each week. Thankfully some...
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0% APR Plus No balance Transfer Fee Cards – What’s Left?

As we discussed already many times on the blog, balance transfers are a great way to save on interest in a case where you are stuck with a high...
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Credit Card Disputes – Know Your Rights

The main benefit as for why I always use a credit card, wherever possible, is because of the option it provides of disputing a charge. It gives me...
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What Will Happen With My Reward Points If The Bank, Airline, Or Hotel Chain Goes Bankrupt?

In the current situation, anything can happen. That’s why in the last few days a lot of readers asked me the same question. What will happen...
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Manage Your Business Cash Flow – 0% APR Credit Cards

Coronavirus is affecting many businesses all over the United States. Some fear that a recession is just around the corner. Is your business being...
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The Key Differences Between Personal And Business Credit Cards

Does your business use a business credit card for business purchases or do you just swipe on your personal credit cards? You may ask, what’s the...
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Pre-Approved/Pre-Qualified/ Pre-Selected Credit Card Offers- What You Need To Know

If you are an American citizen and you have a mailbox, then you probably receive daily pre-selected credit card offers. In this post, we will...
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How Is Credit Utilization Calculated on Charge Cards

Credit Utilization Credit utilization is one of the big factors that credit scoring models look at. Credit utilization is calculated by your current...
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Paid My Balance! When Will It Get Reported On My Credit Report?

Credit Utilization Credit utilization is one of the biggest factors which credit models look at while calculating your credit score.  You could...
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Comparing the Three Chase Ink Business Cards

Ink Business Preferred Ink Business Unlimited Ink Business Cash Welcome Bonus 100,000 welcome bonus points after spending $15,000 within the first 3...
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Capital One Spark: How To Get It Off Your Personal Credit Report

The Problem The Capital One Spark Miles For Business is a very high point earner for businesses, as it earns 2 points on all purchases. and is...
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How To Check Your Credit Card Application Status By Phone or Online

Did you apply for a credit card and the application went pending? If you’re like most people in our generation, you do not want to wait 7- 10 days...
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Chase Freedom Student Card – Should I Get It?

This week, we got exciting news from Chase. They introduced a new Freedom card called the Chase Freedom Student Card. As per Doctor Of Credit, the...
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Chase Freedom Versus Freedom Unlimted

  Chase Freedom Chase Freedom Unlimited Annual fee: $0 $0 Cashback: 5% cashback in rotating spending categories (on up to $1500) per quarter1%...
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0% APR Plus No balance Transfer Fee Cards – What’s Left?

As we discussed already many times on the blog, balance transfers are a great way to save on interest in a case where you are stuck with a high...
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Refinancing Your Home to Pay Off Credit Card Debt

Mortgage rates are now at a historic low, and a lot of people are rushing to refinance their homes to pay off other accumulated debt. In this post,...
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Debt Settlement- Everything You Need To Know

Debt Settlement According to the Federal Reserve, the national credit card debt reached a record 104 trillion dollars in 2019! A recent survey...
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High Credit Card Bills? Balance Transfers

Here is my 2020 resolution. None of my readers will be paying interest on their credit card bills anymore! There are so many options out there on...
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High Credit Card Bills? Balance Transfers

Here is my 2020 resolution. None of my readers will be paying interest on their credit card bills anymore! There are so many options out there on...
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How to Get Cash from A 0% APR Balance Transfer Offer

The purpose of a balance transfer is to transfer your balance from a credit card with a high APR to a credit card with a lower APR. There are a lot...
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How To Get Approved For A High Credit Card Limit

Are you from the people that apply for a credit card and always just get approved for a silly $2,000 – $2,500 credit limit? That will not take you...
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Everything You Need to Know Before Making a Balance Transfer

If you are an American citizen and you have good credit, you probably receive 0% Apr. balance transfer offers in the mail daily. But many people...
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How Much Is Your Personal Information Worth On The Dark Web?

A survey was done by a site called top10vpn.com. Their security experts reviewed thousands of dark web listings on three of the most popular dark...
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Stuck with A Credit Freeze? How to Unlock Without a Pin

Credit Freeze Identity theft is increasing rapidly year after year. That is why, in the last few years, more and more consumers are starting to take...
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Fraud Alert- Everything You May Want to Know

Since identity theft is on the rise, it is very important for every consumer to be prepared and armed with the proper information to know what to do...
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Credit Freezes- (Now Free) Everything You May Want to Know

Congress, this past May, signed the Economic Growth, Regulatory Relief, and Consumer Protection Act. Thanks to the ACT you can now freeze and...
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The Best Websites to Monitor Your Credit Report For Free

Updated: 05/15/19 In today’s day and age, we hear daily in the news of new hacks and new identity theft stories. By now everyone knows how important...
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Know Your Rights- The FCRA

The Fair Credit Report Act (FCRA) is over one hundred pages to read. Understandably, many consumers are not aware of their rights found in the FCRA,...
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Silence Bad Reviews- Dirty Tactic Used by Credit Repair Companies

The only item that never gets bad reviews is a parachute. That’s because either it works well, or if it doesn’t, then there is no one alive to write...
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How long do marks stay on my credit report?

The FCRA has set rules for how long negative marks are allowed to stay on your credit report. Here is a list: Credit inquiries Credit inquiries stay...
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For How Long Will A Late Payment Affect Credit?

It Happens To The Best Of Us In this day and age, we all run extremely busy lives. No one is an angel, and therefore, even the best of us may forget...
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