Archive for August 2008

What credit card would you recommend for someone trying to re-establish good credit history?

Tamborine asked: I have decent credit but I had cancelled all my cards when trying to get out of debt. I am now free of all unsecured debt but I need to have a card so in the future I won’t be hurt by having no credit.
I’m thinking I want a card with no annual [...]

How does a credit card work and why do I have to get one?

Brandi asked: I just turned 18 and I am trying to get my own place but they said I need to have good credit. To have good credit, they said I have to build good credit, but the only way to build good credit is to have good credit. Why is that? I was looking [...]

How does it look on a credit rating to have 3 bank accounts open?

SnowTwqd asked: I have several accounts open for different reasons that I would like to keep but I am trying to improve my credit rating, does that look bad on a credit report. Any other tips to improve credit fast? I don’t have bad credit but I am trying to get the best rate possible [...]