Your credit card company is not your friend. They have one goal in mind and that is to make money off of you. You will probably not find any sympathy from them if you are unable to make your credit card bill.

How will my credit card try and trick me? Continue Reading »

The ugly truth about credit card balance transfers

Your mailbox is probably being pounded of credit card offers with low introductory interest rates. I see a 0% credit card offer at least once a week. Many of these rates are just teaser rates and they can jump to over 29%. Continue Reading »

What happens to my fico score if I am reported late? If you are late paying on your credit card bill by thirty days or more, it will get reported to the credit bureau as a late. I have seen credit scores drop as much as 100 points just by having one late payment. If you are trying to buy a home and the credit late is within a 12 month period it may keep you from being able to buy or refinance your home.

Does having to pay the late fee automatically mean that I will be reported as late to the credit bureau? Continue Reading »