Before a college students make decision to apply for student credit card, they better know the basic information about credit and how credit card system works. Credit should be taken very seriously and not applied because somebody at college campus is offering Frisbee or T-shirt after you apply for credit card. Read more...

It happens quite often that you don`t know you have a credit problem until you are denied credit - such as a credit card - because of some records in your credit history. Credit history contains all information about your credits and how you managed it. Mainly it is information reported by your creditors sent to credit bureaus. Credit bureaus legally report poor payment information for 7 years and for bankruptcies - 10 years. A recent study shows that one third of all credit reports contains sufficient mistakes and 70% of all credit reports contain different kinds of errors. Read more...

Using your credit card for purchasing new clothes or latest DVDs - these products are yours to keep. You can use it for years to come and pay for them over a few months if you wish. But using your credit card for taking cash advance to pay for daily purchases like food and gasoline you will pay much more for that after. And you better give it all back as soon as possible. Read more...