All credit cards issuers will check your credit score before issuing a credit card. Credit history is major factor in many life decisions, and knowing your credit score is important when planning for the future. Visit freecredittrio.com to receive your free credit score from all three major credit bureaus just for trying our credit monitoring service free for 7 days. Prepare yourself with the info you need to buy or rent a home, get a loan or get a job.
Credit cards & credit history
August 28th, 2009Credit card reforms
August 24th, 2009Most of the credit card reforms proposed by the credit CARD act come into effect from February next year. However some changes came into effect last week, which include:
- Credit card companies must notify customers 45 days in advance before they change the interest rates and other major terms .
- Credit card users are given a period of 21 days from the day their bills are sent out to the day payment is due. This is an extension of 7 days from the period of 14 days allowed earlier.
Recession and credit
June 21st, 2009As people start losing their jobs, the number of defaults on credit cards increases. So to reduce their losses, banks become more selective in issuing credit cards to applicants and also reduce the spending limits for credit cards.
Though this helps to curtail the banks losses to some extent, it adversely affects the overall economy, as traders and merchants have lower sales.
Credit cards with no credit history
May 17th, 2009If you have no credit history, you will first have to apply for a credit card specifically for those with bad or no credit. As your credit history improves, you can apply for a credit card with better terms. A student can alternately apply for a student credit card with no annual fee and low interest rates.
CCNewz
April 29th, 2009Credit card news, information