Credit Card Myths

Credit cards are everyday objects that most people use on a regular basis, and are familiar with their nature. Still, not all the information you hear about them is accurate or sensible. There are quite a few urban legends surrounding them and you may receive advice form various acquaintances that turns out to be mere fiction rather than solid fact. Read More...

Best Credit Card After Bankruptcy - How to Find One - by R. Lawrence Anderson

Finding the best credit card after bankruptcy is not that difficult, if you know where to look and what to look for. Let’s start by talking about secured and unsecured credit cards. When it comes to applying for a credit card after bankruptcy one question that a lot of people seem to have is: Should I apply for a secured credit card or unsecured credit card?

In case you don’t know the difference, a secured credit card is “secured” by a special savings account you establish with the credit card issuer which acts as collateral for your credit limit. Read More...
 

Using a Secured Credit Card for Credit Repair - by James Mahony

How would you like to read some of the best, carefully distilled and clearly presented facts and arguments about this hot topic? Well, all you need to do is keep reading this fantastic article - and the others like it on this site. I'm sure you'll agree with me after you've read it.

Anyone who has ever had a credit card, paid a monthly bill, or taken out a loan has a credit rating. Whenever you have a service, or otherwise owe money to a creditor, the creditor reports to a credit reporting agency that compiles a credit report for you. If you start missing payments on a credit card or loan, or -- worse -- your creditor sends one of your outstanding debts to a collection agent, a negative mark will go on your credit rating, which will often prevent you from getting credit in the future. Read More...

Using a secured credit card will help you get on track for improved credit. Here's a great resource for Prepaid Visa Cards.