There is great debate over the number of credit cards a person needs for the best possible credit score. Some say one. Others say two. Then there are those who say three. Who’s right? A question I frequently get is: “How many credit cards should I have if I want to…
When a financial meltdown occurs, you may not have the ability to pay your bills on time. Depending on the duration of the meltdown, you may receive one or more collections on your credit report. Many people are concerned about collections on their credit report. In fact, one of the…
Thousands of pre-approved credit card offers arrive in the mail daily. Prime and sub-prime lenders mail these offers to increase their customer base and it works! Many people accept the offers they receive in the mail. If you are like most people, you have also received several pre-approved card credit offers…
Building credit and qualifying for a loan is simple, if you know how to do it. For those who don’t know how to build credit or qualify for a loan, here are four easy steps to follow. Imagine a loan as a stool with four legs: income, down payment, savings,…
Most people do not understand the credit process or credit score factors, even though they have credit cards. In response to my client’s question, “What exactly are all the credit score factors I should consider when learning how to build credit?” here’s my reply. 22 criteria determine a person’s credit…
One of my friends just told me that he owes $68,000 in credit card debt. He’s 26 years old. And he has that feeling in the pit of his stomach—you know that feeling. He can’t ever truly relax because he’s so worried. All these questions start racing through his head……
If you have bad credit, it’s critical that you have and use three to five credit cards. The only way credit bureaus will reward you with a high credit score is if you prove that you can responsibly manage debt. This means: Having at least three credit cards, keeping them…
After renting for years, my wife and I just bought a house. It’s our ideal house—exactly what we were looking for in the exact neighborhood we wanted. We have dreams of raising our children there, and we smile thinking about the birthday parties, sleepovers, and graduation celebrations that will fill…
We went out there and researched the best credit cards on the market, consider things like interest rates, rewards points, fees, and the like. You can see our recommended list of credit cards for people with strong credit here. And keep the following in mind: 1. In our program, we…
Question: “How many credit cards should I have if I want to earn the best possible credit score? I receive a lot of credit card offers in the mail. Should I apply for them?” Answer: Having the right number of credit cards is a big part of your credit score. Ideally, you…
