Another good video I found, comparing the American Express Centurion Card and Visa's own Black Card, check it out!
Monday, December 26, 2011
Wednesday, December 21, 2011
American Express "Black Card"
Interesting video I came across on YouTube with some information about the Centurion Card by American Express, also known as The Black Card.
Can't get approved for a credit card?
You are in the position of being new to credit, with no history, or have had credit, and for whatever reason have made mistakes in the past that landed you with extremely bad credit. Now, you have applied at many banks, for all types of credit cards in the hopes of being approved. You are denied each application. What can you do now? Secured Credit Cards are among the easiest to obtain. Secured cards are credit cards in which you make a security deposit as collateral. Therefore, your credit limit is the amount you deposit. Deposit $200, get a $200 limit. After a period of time (usually 1 year) you may start getting credit card offers for unsecured credit cards. In that case, you can apply for the new unsecured cards, and if approved, you can close the secured credit card and receive your deposit back!
Wednesday, December 14, 2011
Checking your credit report
By law, you are allowed a free credit report, at least once a year. Checking your credit ensures that there are no mistakes on the part of your banks. After all, we all are humans and we all make mistakes. If you see a blemish wrongfully on your report, dispute it, chances are if they are wrong they will willingly correct it for you. To view your credit report, visit AnnualCreditReport.com
Factors that affect your credit score!
Here are key factors that credit bureaus use to determine your credit score:
35% - Payment History, one of the most important factors. If you miss payments or are late, this will greatly impact your credit negatively.
30% - Debt Ratio, how much credit do you owe, compared to what your limit is? It is good to stay under 30% of your available limit.
15% - Credit history, the longer you have credit, the better, as long as you are responsible.
10% - New Credit
10% - Types of credit, as in credit cards, loans, etc
35% - Payment History, one of the most important factors. If you miss payments or are late, this will greatly impact your credit negatively.
30% - Debt Ratio, how much credit do you owe, compared to what your limit is? It is good to stay under 30% of your available limit.
15% - Credit history, the longer you have credit, the better, as long as you are responsible.
10% - New Credit
10% - Types of credit, as in credit cards, loans, etc
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