Effects of Late Payment on Credit Score

Have you ever considered what the effects of that late payment can have on your credit? If you are in the habit of making late payment, I will say that credit card is not meant for you. You may be asking ‘what is a big deal in it, after all you later paid up?’ Well, it is more than that. Before I start telling you the effects a late payment can have on your credit, it is important that I mention that late payment in this context is not restricted to credit cards alone, it covers other types of credits Continue ReadingEffects of Late Payment on Credit Score

Is 0 apr credit cards right for you or not?

Are you searching for  0 apr credit cards? A large number of card companies offer credit cards with 0 apr or credit cards with low apr these days. Unfortunately, not everybody understands what such cards actually offer. In this article, I will try to explain in a simple language the features of 0 apr credit cards so that you can know whether this type of credit card is right for you. The fact that you receive an offer for credit cards with 0 apr does not mean that you should go for it.  What is apr on a credit card? Continue ReadingIs 0 apr credit cards right for you or not?

A Guide on How to Increase Your Credit Limit

Factors That Determine Your Credit Limit Your credit limit determines how much money you can spend on your card within a billing cycle. Of course, your credit card company will have to consider many factors before arriving the credit limit you are entitled to. No credit card company will offer you a credit limit you will not have capacity to pay back. Credit card limit serves as a control. If there is no any restriction on how much you can spend using your card, this may lead to crisis. There is tendency for you to spend beyond what you have Continue ReadingA Guide on How to Increase Your Credit Limit