Tips, News and Advice from Credit Card Assist

credit scores

Will Non-Traditional Credit Scores Do You More Harm Than Good?

March 8, 2013

As we all know, our FICO score plays a huge part in determining whether we’ll deemed creditworthy, but something new is up in the credit industry. The recession caused the credit scores of many consumers to take a serious dive, and as a result, the number of customers who were eligible for credit cards grew […]

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Serious Inquiries Only: How Too Many Inquires Can Affect Your Credit

December 7, 2012

“Serious inquiries only” is a phrase you probably associate with Craigslist postings for apartments or puppies, not something that comes to mind when you’re thinking about your credit score. But it should. Every time someone asks to see your credit report an “inquiry” is noted, and these inquiries impact your score. Which matter, which don’t, […]

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The Credit Score Report You Just Bought is Likely Worthless, Says CFPB

October 3, 2012

What does the consumer credit score you just purchased from Equifax have in common with a free-throw shot by Shaquille O’Neil? They’re both wildly inaccurate. In a shocking new report, the Consumer Financial Protection Bureau announced this week that it has found some serious discrepancies between the scores credit monitoring agencies sell to consumers and […]

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Getting a Loan Without A Credit Score Using Alternative Credit

June 2, 2012

So you don’t have an excellent record with the traditional credit-monitoring bureaus. Okay, but that doesn’t mean that you can’t get a loan for a house or a car. Although traditional credit – the kind that’s defined by charging and repaying our credit cards – is the most common thing that lenders look at to […]

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Cardholders in India are Raising Their Credit Scores

June 1, 2012

A report by the Credit Information Bureau of India (Cibil) shows that the credit card industry is bouncing back after the global financial crisis that begin in 2008. Credit card defaults are dropping and the average credit score is rising. The percent of cardholders with an average score at or above 800, rose by 39% […]

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Be Sure to Utilize Those Credit Cards from Time to Time

May 23, 2012

If you just paid off a large credit card debt, it can be tempting to put that credit card on ice, literally. Some people actually freeze their cards hoping in the time it takes for the card to thaw out, the temptation to spend will pass. However, is it really good for your credit to […]

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Debunking the 4 Biggest Credit Card Myths

May 10, 2012

Despite the Consumer Financial Protection Bureau’s efforts to make the credit industry easier for consumers to understand, credit cards have spawned more myths than The Iliad. Though recent pieces of legislation like the CARD Act have made paying with plastic safer for consumers, they’ve done little to dispel many of the half-truths and untruths that […]

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Mortgage Rates Continue to Fall as Consumers Work to Improve Credit Scores

May 8, 2012

BOCA RATON, Fla.- This week saw a large drop in the average 30-year fixed rate mortgage interest rate. It now stands at 3.84%. The average for a 15-year fixed rate also declined to 3.07%. With rates this low, many consumers are working hard to improve their credit scores and creditworthiness in the eyes of lenders.

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Low Credit Scores Still A Huge Problem For Many Consumers

May 1, 2012

While the economy seems to be improving in many cases, for some, a low credit score is still a problem, and because those who had financial problems during the recession are the most likely to have suffered low credit scores, that could be a serious problem. Lenders are tightening their standards seriously, and that may […]

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Fair Credit Borrowers May No Longer Be Able to Get a Credit Card

April 25, 2012

The economy seems to be slowly pulling itself out of the recession, but not all sectors are doing well. For consumers with fair credit, it seems that no card companies want to offer a credit card. According to Ben Woolsey of Creditcards.com, there is a “dead zone” between consumers with bad credit and consumers with […]

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