Many of us take having a credit card for granted, but for millions of Americans, these financial tools are out of reach. Fortunately, there’s a new credit card for people with no credit coming to the market.
Many of us have faced the dilemma of trying to establish credit when you have none. And while it may seem like an overwhelming prospect, there several realistic ways to build credit with credit cards.
Every time you reach into your wallet and pull out a little plastic, it can have a big impact on your credit score.
When it comes to credit cards, separating fact from fiction can be tough. A friend might tell you something about credit cards that turns out to be false, or you might find credit card information online that’s just flat-out wrong.
Many of us want to lose weight fast and get rich quick. However, it’s difficult to accomplish either one of those in a short period of time. Unfortunately, the same can often be said for trying to raise your credit score in a hurry.
A credit score can have a big impact on your financial life. A top score gets you the best terms on a mortgage or car loan, and can even help you land a good job or a nice apartment. Many people mistakenly think they have just one credit score. In fact, dozens of scores may be attached to a consumer’s name. The two most famous scores are the FICO score and the VantageScore.
It doesn’t take much to trash your credit score. A few late credit card payments or a wild borrowing spree can send your rating south, making it impossible to get the best rates on a loan.