Can credit card companies close your accounts without warning? How does it affect your credit score?
Sara asked: I received a letter in the mail from Juniper (iTunes Rewards) stating that they have closed my credit card account due to inactivity. I opened the account about 18 months ago and have never actually used it. Can they close my account just like that without any warning? How should I handle the [...]
How often can one open credit cards without affecting your credit score?
LadyMar asked: I have been using rewards cards and paying off the balance for years. I have read that applying for new credit card wont affect your record if you only get one, and don’t open too many in a short period of time. Not sure what “short period of time” is . There are [...]
Importance of Credit Scores
Credit scores can have a big impact in many areas. Credit scores determine if someone gets approved or
declined on any type of credit.
Credit scores are defined as
numerical expression based on a statistical analysis
of a person’s credit files, generated by a
mathematical algorithm.
To be more exact, credit scores are determined on
the basis of the certain amount of [...]
Advice on Getting a Better Credit Score
Unless you have a perfect credit score you are probably looking to improve it. Here’s some free free advice:
When banks declare, post bailout that they won’t even loan to each other, it becomes very clear that we all need to get a better credit score if we are to have a chance of the proverbial [...]
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