Credit Repair

Q: How do i go for repairing my credit without going to credit repair services?

A: There are lots of sites that provides free credit repair services. You at first get your credit report from the three credit bureau services well known as Equifax, Experian and Transunion. And then try to fix it when something wrong has gone with them. Contact the creditor. Pay all the minimum amount of your bills except that has highest interest rate. Then pay the other amounts weekly or monthly and get out of it. Then apply for the credit card which helps in rebuilding your credit not the regular one.

Q: Does the credit repair companies really works or not?

A: Always remember that such credit repair companies can't heal your bad credit. They just charge you for whatever you do. You yourself can heal it by paying all the amounts on your bills in time. Try to not to fall in the adverse situation of having bad credit.

Credit Union

Q: What are the main points that i must consider before being a member of any credit union(CU)?

A: Before joining any CU(credit union) you have to take care of some points so that you can get the best of their services and can fulfill your needs. These are:
1) The first thing is the location of the credit union. It must not only your residence but also some other locations.
2) Whether you want your credit union services or say banking services online or not.
3) Whether they are providing you the ATM services or not at various locations and can easily access your payments and funds and deposits without paying any additional charges.
4) Does the credit union is providing you the customer services or not.
5) The last thing is that to examine that are they dealing with you as a member or owner of the union or just like any other customer.


Q: What are the benefits of joining a credit union?

A: Credit Unions offers lower interest rates on loans and higher interest rates on the deposits of their members. You are like an owner of the union not the just a customer. They provide best, online and secure services to their members. Credit federal union, credit trans union, business credit union are the one of the trustworthy credit unions. These credit unions also not charge you any type of additional fees. The CU proves to be much better than the banks.

Credit Report

Q: I had my credit report from credit bureau. But i thought it's a wrong report in my name as it doesn't show my credit details but of someone else. How do i clear my doubts about my free credit report?

A: If you had gone with the 3-in 1 credit report then firstly compare all the reports from Experian, Transunion and Equifax and see whether all the fields are correct or not like name, address etc. If there is any incorrection then tell this about anyone of the three credit bureaus and it will contact with the other two. Make a security alert on your free credit report. The credit bureau company must correct the report within 30 days and they will dispatch  a new credit report to you. You can also get the annual credit report for free once in a year. You should be extra careful while managing business credit reports.


Q: How do i be able to get a free online credit reports and credit score without giving my credit card number for security reasons?

A: Visit the site of annual credit report company and from there you can get your credit report for free annually just once and gives you all the three agencies report. This credit report company also don't ask any type of credit card numbers from you. On most of the other sites you have to pay for getting free personal credit reports. Also for getting your credit score you have to pay for it and also you must have any credit card or debit card. The process is usually instant.


Q: For how long credit history does these credit card companies take in calculating you credit score?

A: Most of the credit card companies gave a positive impact on the credit scores older than 5 to 10 years. The older the your good credit history the better will be your credit score.

Credit Card Consolidation

1)Is it good on my part to accept the credit card offer of being upgraded?

At first, you must read the fine print carefully. Sometimes some hidden charges are applied with such type of offers. If you accept the offers of upgrading the credit cards then they will go for credit check and will take some points from your credit score. It will affect your credit history if you are going for a long term credit payment history that means if you are not over extended your credit limit.

2) How to overcome from the situation of Credit Card Debt?

If you are unable to pay off all the credit card debts at a time then the only solution is to ask the credit card company or your bank or your finance adviser to make small payment solutions of your whole debt so that you can all pay it off in several weeks or months in several easy installments. You can also go with a debt consolidation plan. After clearing all the debts always remember not to get into such debts again.You can also look for 0 APR Credit Card and Credit Card Debt Consolidation. You should work to eliminate credit card debt. Some banks also give credit card consolidation loan.

3)I added credit card facility for my customers who want to purchase online at last Christmas. I was thinking credit card processing will benefit my customers and myself a lot. Only to find after one year that i am losing good money in credit card processing due to cancellation and other fees. Should i look for other credit card companies or just stop taking money online?

You should make a proper account statement of your credit card process. expenses and then compare it with other banks offers. When you approach another bank ask them how they can help you out in reducing your expenses in processing. Better to approach a small bank rather than a big name if you are a small business owner. Credit card consolidation helps a lot.

Chase Credit Card

1) Is chase credit card good for transferring the balance from one credit card to the other?

Yah, Chase credit card is a good card and it benefits you a lot. Contact to the chase credit card company and ask them for the balance transfer details.

2) Does it affects my credit score to have another chase credit card?

To have another credit card you have to open a new account due to which your credit score will decrease a little. So make up your mind for sure for having another chase credit card.

3)Where the chase credit cards can be used or activated?

Chase credit cards are acceptable everywhere where visa cards are accepted. For more information visit the site and get the list of locations from there or call the customer care.

4) Which credit card is preferred the most - The Chase credit card or the Citi credit card?

The services of Chase Credit card are much fast and manageable. Also they charge less fees for their great services. Their online procedure is also rapid and secure. Most of the people prefer Chase credit card rather than the citi credit card. But always remember to do all the payments in time before going with any credit card.

Credit Card Application

1)How can i be able to get my credit report after my credit card application being rejected?

If your application for the credit card is rejected then you can ask the credit bureau about your credit report. You can get your credit report for free once a year and for another time you have to pay about $5. Some credit card companies gives your credit report within 2 months after the rejection of your credit card application for free.

2)What are the main causes of the rejection or denial of applications of credit card?

There are various reasons that your application for getting the credit card is denied. But the main cause is your poor credit history or say bad credit score. The other reason can be the pending of the last bills and any fault in the application form. You can get your credit report from the credit bureau for knowing about the exact reasons. The credit card company will also tell you how to build or rebuild your credit score. The rejection of your credit card application will also affect your credit score and also give s you stress mentally and financially.

3)A credit card company sent me a credit card application with a credit card attached and they charged me a lot. I don't want to get that card. What do i do?

You must inform the credit card company that you don't apply for the one and also don't want to have that card and hence don't activate it. They may cancel that credit card and the charges upon it else you will claim for that on the company.

Business Credit Card

1)Does Business Credit Card helps in building my credit score?

As the Business credit cards are basically in the name of the company whether it is on your name or not so the whole of the responsibility of the credit card depends upon your occupation but not personal. As this business credit card has no link with your personal credit hence it doesn't helps in building up your personal credit score. But if you had taken this credit card for personal use then it can affect your credit.

2)Is it possible to apply for the unsecured business credit card having no personal guarantee?

Business credit card is given to you only if you have an Employer Identification Number(EIN). If you are the only owner of your business then whole of the responsibility of your credit card is upon you. So, better will be first apply for the business credit card and then take responsibility of your credit card.

3) Can i apply for the Business credit card even with bad credit?

Nop, it's not possible to apply for the business credit card. You must have a good credit score before getting it. Better will be apply for any other credit card that has lowest APR and that can helps in building your credit and after having the good credit limit apply for the business credit card.

4)Is it safe on my part to use my business credit card for personal purposes?

If you use you will have lot of problems when you audit your company accounts and pay taxes. Speak to your  accounts department and tax adviser.

Apply Credit Card Online

1)Does American Express credit card company best for applying for credit cards online?

Yeah, American Express is a good credit card company and also reputed one. For applying for the credit card online they will ask you about your good credit history. But make sure on your part that the company is trustworthy or not. Always read the fine print carefully.

2)I have a Capital One Visa credit card. Can i apply for the another one online?

Yes, you can also apply for the another credit card company online. Make sure that the company is legitimate and secure before giving your personal details. Apply for credit card online requires your social security number(SSN) and your personal details which will be saved on the internet server. Also remember to compare the different credit cards, their interest rates and their terms and conditions and then deal with the new credit card company.

3)What do i do to apply for a credit card online?

Hmm, applying for a credit card online is an easy task and can be done within a few minutes. Just submit your application form and the credit card company will check your credit details and require your SSN and then they will give you a credit card. But before applying for a credit card you must take care of the three things:

a) At first, check out the credit card company's APR i.e. Annual Percentage Rate that the credit card company charge you monthly or yearly as you wish. If you want to go for monthly payments or your credit score is low, then choose the one that offers you the lowest APR.

b) Secondly, check whether the credit card company is applying some annual additional fees with your credit card or not. These additional charges will be mentioned on the fine print so read the fine print carefully.

c) Thirdly, Ask the credit card company whether they are providing you any rewards program or not. These reward programs includes cash back reward, traveling reward, shopping reward and others based on their conditions.