Credit Card Articles

What is Credit?
What is credit and why does anyone need it? This is the same question that is continuously queried by literally millions of people every single day. Regardless if you just turned 18 or even if you are 35, credit is a part of everyones daily life, from our utility services, to hospital visits and of course cell phones and home ownership. To state it a basic as humanly possible, credit is the fronting or loaning of money or another resource, which includes but not limited to services and even goods, anything of monetary value. Rather than paying for everything up front such as a prepaid cell phone, one can opt to pay over a set period of time until the full amount is paid plus an amount of profit is made by the person or company who loans this money, goods or service.... Read more

What is a Credit Report?
Your credit report, to be a simple as possible, is nothing more than a history of credits and debts including current and expired. Just like in school, this report is graded, the higher the grade, the better you are at finance is what it says to possible lenders and credit card agencies. Even if you are a couple days late on one monthly payment last year, if the lending institution reported it, it will reflect on your score..... Read more

What is the Importance of Good Credit?
Your credit report, to be a simple as possible, is nothing more than a history of credits and debts including current and expired. Just like in school, this report is graded, the higher the grade, the better you are at finance is what it says to possible lenders and credit card agencies. Even if you are a couple days late on one monthly payment last year, if the lending institution reported it, it will reflect on your score..... Read more