How to increase your credit score?
I am using my credit card regularly, but still am confused about my billing cycle of my credit card. My due date for credit card payments is 7th of each month of billing cycle of one month. I purchased an item on 15th jan and next on 18th jan. But my statement states that my payment is not due until 7th march. I had cleared my payment on 28th feb. I want to go for another purchase. Then what will be its due date?
During the billing cycle, there is one due date that is 7th in your case and the another one is closing date which may be 13th-14th of the month. You know well about your due date. But you have to take acre of your closing date. As the purchases till that date will be on the statement. Eg. You made a purchase on 11th of the month and next on the 16th. you got the bill on 20th. then your statement will owe you the bill for the purchase o0n 11th, not for the 16th as it was after the closing date. The first will be paid by the 7th of this month and the other one for the 7th of the next month.
For the billing cycle of one month you have to pay for it till the 7th of the next month. After every purchase of the second month you payment will be due to the date of the 3rd month. Most of the companies will not charge interest for this month payment abut charge of every other later months payment.
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I am trying to increase my credit score. Is there any credit card company who offers credit card to people having bad credit? From where i can get free credit score without a credit card?
yup, creditcards.com is a site for people with bad credit or no credit but they still want credit card. You have to charge for getting the credit card. You must stay below one third of the credit limit and pay for it each month in time. There is other site which gives you free credit report with a 30-day trial. these are TrueCredit.com and www.myfico.com. just remember to cancel them in time for escaping from getting charged.
You must go to the reputed bank and get a secured credit card. You first save $250-$500 and deposit it in your saving account and ask them for the secured credit card. They will attach the credit card to your account. Then you can make purchases through that card. you will get a bill at the end of each billing cycle, which you have to pay in time. This will increase your credit score and within 8months or a year you will get a real credit card.
For applying for the master card or visa card, it is not necessary that you must have good credit, but it is necessary to have good credit rating or say credit score. You must assure them that you will pay all the bills in time. your credit rating depends upon your credit report submitted to the credit bureau by the bank. The higher the score, more the chances of getting your credit card.
During the billing cycle, there is one due date that is 7th in your case and the another one is closing date which may be 13th-14th of the month. You know well about your due date. But you have to take acre of your closing date. As the purchases till that date will be on the statement. Eg. You made a purchase on 11th of the month and next on the 16th. you got the bill on 20th. then your statement will owe you the bill for the purchase o0n 11th, not for the 16th as it was after the closing date. The first will be paid by the 7th of this month and the other one for the 7th of the next month.
For the billing cycle of one month you have to pay for it till the 7th of the next month. After every purchase of the second month you payment will be due to the date of the 3rd month. Most of the companies will not charge interest for this month payment abut charge of every other later months payment.
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I am trying to increase my credit score. Is there any credit card company who offers credit card to people having bad credit? From where i can get free credit score without a credit card?
yup, creditcards.com is a site for people with bad credit or no credit but they still want credit card. You have to charge for getting the credit card. You must stay below one third of the credit limit and pay for it each month in time. There is other site which gives you free credit report with a 30-day trial. these are TrueCredit.com and www.myfico.com. just remember to cancel them in time for escaping from getting charged.
You must go to the reputed bank and get a secured credit card. You first save $250-$500 and deposit it in your saving account and ask them for the secured credit card. They will attach the credit card to your account. Then you can make purchases through that card. you will get a bill at the end of each billing cycle, which you have to pay in time. This will increase your credit score and within 8months or a year you will get a real credit card.
For applying for the master card or visa card, it is not necessary that you must have good credit, but it is necessary to have good credit rating or say credit score. You must assure them that you will pay all the bills in time. your credit rating depends upon your credit report submitted to the credit bureau by the bank. The higher the score, more the chances of getting your credit card.
Labels: increase credit score
posted by Diana @ 6:47 AM
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