Credit Card Ratings

  • How Credit Card Companies Define the Different Credit Rating Levels of Applicants
    How Credit Card Companies Define the Different Credit Rating Levels of Applicants With regard to credit scores, there are different categories in which individuals will fall. These include bad credit, fair credit, good credit and excellent credit ratings. The better the credit score of an individual, the more likely it is that the individual will not only receive favorable credit card offers but have their applications for those offers accepted as well. Credit card companies have category lev Read More...
  • What is a Bad Credit Credit Card?
    This is a phrase which describes credit cards issued to individuals with bad credit ratings. They provide a chance for people with less than perfect credit to obtain a credit line and possibly improve their credit rating. Although these credit cards will carry rather "unfriendly" terms such as higher than normal interest rates, they give those with a poor credit history an opportunity to take advantage of the convenience that credit cards offer. Another term that is sometimes used to describe Read More...
  • Your Financial Future Depends On Your Credit Score Ratings
    Let's face it - credit score ratings can be confusing. Even seasoned lenders can sometimes get confused and give out wrong or outdated information. For example, I was told by a bank manager that checking my own credit report would cause a decrease in my credit score because it goes on the credit report as an inquiry. He was partially right, and partially wrong. When a bank or credit card company checks your credit report, it does count as an inquiry - a "hard" inquiry, which always has and alway Read More...
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