Maintaining a good credit report is very important if you want to retain your ability to get more loans in the future. If you can manage to pay your credit card accounts timely it can improve your credit report. Normally 30 percent of your FICO credit score are based on the payments you make. If [...]

1. If you fail to pay your credit card bills, what are the consequences and how long will your credit score be affected. If one fails to pay their credit card bills, the lenders will report the payments to the major consumer Credit bureaus like Experian, Equifax, and Trans Union. After 5 to 6 months, [...]

Credit cards can prove to be of great help during financial crisis, but if used in the wrong way can put anyone into a never ending distress in terms of credit rating. The Colorado society of CPA’s highlights the most common credit card mistakes and how to avoid them. 1. Credit card terms and rates [...]