To change your financial situation you need to change your habits, specifically your spending habits. Here are some examples that you need to change in order to succeed. Not Tracking Your Spending Very straightforward. Managing your expenses will let you notice certain spending habits that you can change, especially if they are not important […]
Yes, tradelines can boost credit. Tradelines are debts that you’re paying off like credit cards or auto loans, or any time of loans. Payment history, credit age, credit card utilization, inquiries, total account, and derogatory marks are the six main categories that your credit is composed of. Inquiries and derogatory marks will hurt your score, […]
An authorized User is an additional user to your credit card without requiring that person to apply like an employee or a child. The authorized user shares the credit limit with the primary holder and purchases made by the authorized user appear on the same statement. The user will start building credit! Tradelines are similar […]
A high-limit credit card usually has a credit line limit that goes from $5,000 anywhere to $10,000 and beyond. The biggest benefit a high-limit credit card provides to you is more available credit that in turn lowers your credit utilization rate. Your credit utilization rate has a huge impact on your overall credit score. Also, […]