Store credit cards charge high interest, have limited use, and provide fewer benefits than traditional credit cards. Are they ever a good idea?
Posts Tagged ‘credit inquiries’
5 Reasons Store Credit Cards Are a Bad Idea
January 27, 2011Consumers Beware: Applying for Credit Can Torpedo a Credit Score
May 17, 2010One of the most common and detrimental errors that consumers make in regard to their credit score may also be the most innocent mistake of all. Without even realizing that they are doing anything wrong, millions of Americans each year inadvertently sink their credit scores by a significant amount just by applying for credit cards and loans.
How NOT to Improve Your Credit Score
March 19, 2010When it comes to credit, I learned the hard way. And the very personal way. Many years back, I thought I’d take a shot at upping my credit score. I was fresh out of college, didn’t have much in way of established credit, but of course, thought I knew it all. The best way to [...]
How Do Credit Inquiries Affect Your Credit Score?
June 5, 2008It’s a common misconception that all credit inquiries — or any time your credit report is pulled — hurt your credit score. This isn’t true, however. Only “hard inquiries” will take a toll on your score. Hard inquiries are occasions when your credit report is pulled for the purposes of extending you credit or a [...]
