Archive for November, 2008

Applying for Multiple Credit Cards is Bad for Your Credit Score

If you’re wondering if applying for many credit cards is bad for your credit score, the answer will depend on the person you talk to. Be aware that even credit counselors and financial experts can sometimes provide inaccurate information about the things that can hurt a person’s credit rating and those that cannot. However, you [...]

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Avoid the Credit Card Debt Trap

You could be falling into a debt trap and you wouldn’t know it. Consumerism has led us to believe that we must enjoy life to the fullest no matter the cost. This mentality has broken down a lot of spirits and has left people filing for bankruptcy. Don’t be lured into a debt trap with [...]

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Cards You Should Avoid Closing

Sporting multiple credit cards has become now more of an economic need, than a social status. In the past, having a lot of credit cards meant that you were part of an elite group of people who could maintain multiple lines of credit. Nowadays, it seems that having a larger credit line gives you a [...]

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