Credit Secrets: Learn the concepts of Credit Scores, How to Boost them and Take Advantages from Your Credit Cards

By Pierce Lowe

Do you know that a credit card can assist you in establishing credit, making convenient payments, and meeting day-to-day expenses?

Are you aware that you can lead a happy life by maintaining a credit card with a good credit score?

Understanding how credit cards work can help you understand the advantages of having one as compared to having a debit card. Understanding how credit cards work can help you manage your debt more responsibly. Credit cards provide you with a line of credit that you can use to make purchases, balance transfers, and/or cash advances while also requiring you to repay the loan amount over time. As you will read this book, you will develop a good understanding of the benefits of credit and different myths related to credit.

In this book, you will learn:

• What are Credit Reports and Credit Scores?
• The Advantages of Having a Credit Card
• Techniques for Improving Credit Scores
• Rebuilding your Credit after Critical Life Events
• Critical Information on Credit Scores

This book demonstrates in a simple way that an exceptional credit score is something to be proud of because of the numerous benefits it provides, especially if you've worked hard to improve your credit score from bad to good.

So, stop wait and grab a copy for yourself now!

• Language: English
• Publisher: ippoceronte publishing
• Release date: Apr 26, 2022
• ISBN: 9798201224554

Book preview

Credit Secrets

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Learn the concepts of Credit Scores, How to Boost them and Take Advantages from Your Credit Cards

PIERCE LOWE

© Copyright 2021 by PIERCE LOWE - All rights reserved.

This document is geared towards providing exact and reliable information in regards to the topic and issue covered. The publication is sold with the idea that the publisher is not required to render accounting, officially permitted, or otherwise, qualified services. If advice is necessary, legal or professional, a practiced individual in the profession should be ordered.

- From a Declaration of Principles which was accepted and approved equally by a Committee of the American Bar Association and a Committee of Publishers and Associations.

In no way is it legal to reproduce, duplicate, or transmit any part of this document in either electronic means or in printed format. Recording of this publication is strictly prohibited and any storage of this document is not allowed unless with written permission from the publisher. All rights reserved.

The information provided herein is stated to be truthful and consistent, in that any liability, in terms of inattention or otherwise, by any usage or abuse of any policies, processes, or directions contained within is the solitary and utter responsibility of the recipient reader. Under no circumstances will any legal responsibility or blame be held against the publisher for any reparation, damages, or monetary loss due to the information herein, either directly or indirectly.

Respective authors own all copyrights not held by the publisher.

The information herein is offered for informational purposes solely, and is universal as so. The presentation of the information is without contract or any type of guarantee assurance.

The trademarks that are used are without any consent, and the publication of the trademark is without permission or backing by the trademark owner. All trademarks and brands within this book are for clarifying purposes only and are the owned by the owners themselves, not affiliated with this document

Contents

Introduction

CHAPTER 1: What are Credit Reports and Credit Scores?

Credit reports

Reasons for checking your credit report

Credit Freeze

Errors on Your Credit Report

Medical History Report

CHAPTER 2: The Advantages of Having a Credit Card

Pay for purchases over time

Convenience

Save on interest and fees

Manage your cash flow

Avoid utility deposits

Emergency fund backup plan

Travel benefits

Purchase and travel protections

Don’t underestimate the power of good credit

Better credit card rewards

Fraud protection

Free credit scores

Price protection

Purchase protection

Make Sure You Have a Handle on Your Card and Its Benefits

CHAPTER 3: Techniques for Improving Credit Scores

Importance of choices on improving the credit score

Ways to significantly enhance the credit scores

Time required for rebuilding your credit score

Ways to build credit scores

Critical Factors about credit scores

Credit repair management

Section 609 Dispute Letter

CHAPTER 4: Writing a Dispute Letter

Ways to contest an error on the credit report

How to write an effective dispute letter?

CHAPTER 5: Rebuilding your Credit after Critical Life Events

Techniques for rebuilding credit

Factors Influencing Credit Scores

Take wise steps for rebuilding the credit

Free Credit Score

CreditWise for Improving Credit

WalletHub for daily Updates

CHAPTER 6: Critical Information on Credit Scores

Essential Credit Score Facts

Know how to enhance your credit score by 100 points in just 30 days

Things the credit bureaus want to keep undisclosed

Avoid the bad credit with the right mindset

How to get rid of collection calls and creditor harassment

Conclusion

Introduction

A credit card can assist you in establishing credit, making accessible payments, and meeting day-to-day expenses. Understanding how credit cards work can help you understand the advantages of having one as compared to having a debit card. Understanding how credit cards work can help you manage your debt more responsibly. Credit cards provide you with a line of credit that you can use to make balance transfers, purchases, and/or cash advances while also requiring you to repay the loan amount over time. When paying with a credit card, you must make the minimum payment each month by the balance's due date. Interest will be charged if they do not pay the full balance for purchases. For balance transfers or cash advances, interest will be charged from the date of the transaction. A yearly fee or an introductory annual fee may be charged on credit cards. The fee amount varies by card and is subject to change after an introductory offer. You may also be charged a late fee if you make a late payment. Depending on the activity, some credit cards may also charge additional fees. Cash advance fees, balance transfer fees and foreign transaction fees are just a few examples. Credit cards, unlike debit cards, can be used to raise your credit score. Each monthly payment you make will be reported to the 3 credit reporting agencies by your credit card issuer. You can contribute to the successful rating of the credit score with each monthly bill that you pay. Using credit cards wisely on a regular basis helps you build credit by demonstrating to lenders that you can handle debt. A credit card can help you manage your finances. Making on-time credit card payments will help you pay off the debt and improve the credit score by lowering your credit-to-debt ratio. Making the least minimum monthly payment on or before the deadline is critical for managing your monthly credit card bill. A secured credit card requires a security deposit, which is held in an interest-bearing U.S. savings account. Under your name, open a bank-backed savings account. Your application will be reviewed