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The Complete Guide to Using Credit Cards

How to Start Using Credit Cards the Right Way

The Benefits of Credit Cards

Credit cards can be a bit of a slippery slope. Many swear by them, while many others despise them. If you’re in serious credit card debt, stop here and immediately read 6 Take-Action Steps to Get Out of Credit Card Debt. The truth is if you’re a responsible adult, credit cards can actually be very useful for a few reasons:

All of those things are possible as long as you insert [the responsible use of] in front of the above sentences. Credit cards can be a great thing, but they can also be your worst enemy. Here are a few of the downfalls…

The Downfalls of Credit Cards

You could just as easily insert [the irresponsible use of] in front of those sentences. The bottom line is this: if you use credit cards responsibly, they can make your life better. If you use credit cards irresponsibly, they can make your life hell.

If you’re not sure whether you should be using credit cards or cash, read this.

How to Raise Your Credit Score

It’s important to keep a close watch on your credit, and to keep your credit card information safe. You should take the time each year to do a credit cleaning.

Identity theft is prevalent, so you need to know how to keep from being a victim. Here are 10 things you need to know about identity theft right now. One of the most common ways for people to steal your identity is to steal your wallet. Here’s a guide on what to do if your wallet is stolen.

There are all kinds of credit myths out there (here are 10 busted), but you need to know what’s correct and what’s not. For example, contrary to popular belief, cell phone companies don’t report to credit bureaus, and department stores cards aren’t going to help your credit. You’ve likely heard differently.

If you’re ready to improve your credit score, read this:

Finally, learn about the different types of credit checks and use these 5 tricks for managing your credit. You also need to know what affects your credit score and what doesn’t. Here are some answers to a few common questions…

What Affects Your Credit Score?

Most Recent Articles on Credit Cards

How “Debt-Shaming” Can Prevent Debt Relief

How “Debt-Shaming” Can Prevent Debt Relief

Americans are in a lot of debt. Between credit card debt, the rise of student loans, and the ever-in-flux real estate market, it’s harder and harder for people to live without some form of debt. Exact figures are hard to come by, as credit card debt, also known as “revolving” debt and consumer debt, is measured separately from debt like student loans and mortgages. That makes sense, as they are very different, but that separation often disappears when financial advice is given.
No Credit Card? No Problem!

No Credit Card? No Problem!

Few things strike fear into the heart of savvy consumers quite like the words "major purchase." The phrase immediately fills their minds with images of unending payoff plans, piled-up interest, and hair-trigger late fees. It's more than enough to scare some people away from buying things that they really need. Of course, much of this concern is rooted in the incorrect assumption that every major purchase has to go on a credit card. The fact is that there are lots of ways to cover the cost. Here's a quick list of ideas to keep the major purchase from being a major pain:
How to Choose a Credit Counselor If You Need One

How to Choose a Credit Counselor If You Need One

Living under the burden of debts is not exactly the life any individual wishes for. Day in and day out you have to toil hard and meet your ends as well as get out of debt. This kind of life can invite severe repercussions financially, physically as well as psychologically. So it is imperative that you might consider a credit counseling firm. In this article, we shall be illustrating the basic definition and purpose of credit counseling as well as put light on the process itself.
What Does an Average Person’s Wallet Look Like in 2016?

What Does an Average Person’s Wallet Look Like in 2016?

There are many different types of wallets in today’s world. We are seeing a move towards less actual physical items, including even an actual wallet, into a digital wallet. Like Apple & Android Pay, as well as, being able to load all your credit & debit cards onto one single card, the wallet is becoming more and more obsolete. However, until then, we can still see many nice leather wallets full of many traditional items, with the addition of newer items as well!
How Borrowing Money Affects Your Credit Score

How Borrowing Money Affects Your Credit Score

When you apply for a guarantor loan, it isn’t your credit rating that the lender is most interested in: it is that of the person who has agreed to provide the security that the loan will be repaid. That’s because the lender accepts that you may not have a great credit record to start with and so will be basing its decision on the financial history of the guarantor. The lender will want the guarantor to have a good or possibly excellent track record of managing their finances – always making repayments on time, never going into default, not having county court judgments (CCJs) registered against them and not having taken out too much credit in a short period of time.
The Effects of Minor and Major Derogatory Credit Delinquencies

The Effects of Minor and Major Derogatory Credit Delinquencies

In the lending industry, free credit scores and credit scoring systems have become universal. As technology advances and becomes more commercial, such as the public debut of the 1989 FICO credit scoring model, scoring tools have started to overtake traditional underwriting process in the world of lending. Companies like Credit Sesame have been founded to help the public gain a deeper understanding of their financial standings by offering free credit scores, reports, and tracking. While there are definite benefits to this new takeover, there remains to be widespread misunderstanding of what actually affects your credit scores. One of the top suspects: late payments.

The Tools We Use and Recommend

Credit Karma:

Credit Sesame:

Annual Credit Report:

Credit Card Service Reviews

More Credit and Credit Card Tools

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