In this world there surely must be others like me: people without credit cards and some questionable credit history. Because I owned nothing and only made payments on student loans, I was sure I didn’t have any credit, or rather, I was sure I didn’t have any good credit. You see, there are some disputed credit issues in my past (disagreements with certain unnamed companies), and I thought for sure those were lingering over my head. I was curious just how bad my credit was.
So, I clicked a link on LoanShrimp.com (over in the sidebar) and went to creditreport.com. It wasn’t hard to do.
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In the Beginning…Building Credit–A Case Study
Filed under Personal Finance on June 18th, 2009 by mlee
Using credit cards to build wealth and get free stuff
Filed under Credit Cards on April 1st, 2009 by jayson
When you mention credit cards to most people they talk about them as if they were some kind of sin. This is because so many credit card companies have charged consumers an ungodly amount of interest for their credit. However, if used correctly, consumers can not only save time and energy by using credit cards, but also make money and get a whole bunch of free stuff. The following is a list of seven principles that will help you to use rewards and cash back credit cards to make money and get free stuff. In addition to this, check out our upcoming articles Top 5 rewards cards w/ no annual fee and Top 5 cash back cards w/ no annual fee
1. Be disciplined… Never pay interest – how on earth are you ever going to make money on credit cards if you are stuck paying their ridiculous interest rates. Most charge between 13% and 19% per month and this is for people who have not missed payments… how is this legal? Many people get sucked in through 0% interest for a certain period of time, but then the build such a large debt load that they cannot pay it off before the introductory period ends and find themselves paying out the wazoo. The name of this game is to stay disciplined. PAY OFF YOUR CARD EVERY MONTH and don’t get charged interest. This is the first and foremost principle in using credit cards to your advantage.
