Do you think credit reports are really fair?

Posts Tagged ‘credit companies’

Do you think credit reports are really fair?

By Author on Friday, December 24th, 2010 | 1 Comment

Do you really think its fair that blemishes, caused by a late payment(s) that occurred 6 years ago should still appear on your credit report? My credit report shows I had credit cards from specialty catalogues that I never even used from 6-8 years ago. The accounts are long since closed. It seems ridiculous that [...]

I want to start my own credit card company, and compete with Visa and Mastercard, how do I do it?

By Author on Wednesday, August 18th, 2010 | 4 Comments

MY Credit Card Company will only charge 12% interest instead of Visa’s 25% interest rate. Also, on my credit card, your credit score will ONLY be affected if you don’t make the minimum payment. That’s because my company is fair to the customer and acknowledges that the higher interest rate already compensates the company for [...]

First Time Apply— Credit Card?

By Author on Wednesday, August 4th, 2010 | 2 Comments

I’m interested in applying for a credit card [for the first time]. I want a card that will help me start building my credit. What are some credit companies that I should look into and can someone explain what APR’s and any other "between the lines" things I should look out for? Thank you. Related [...]

Does this sound fair? Your FICO Scores Drop after Credit Card Companies Lower Your Credit Card Limits!?

By Author on Friday, May 7th, 2010 | 5 Comments

How is it, that the new strategy of lowering credit limits on peoples credit cards, by the credit companies, is allowed to negatively affect my FICO scores? My FICO scores dropped 87 points after my credit limits were lowered and AFTER I successfully paid off a vehicle? I am still as responsible as ever and [...]