Is a Credit Card a Good Graduation Gift?

Credit Cards

Is a Credit Card a Good Graduation Gift?

Is a Credit Card a Good Graduation Gift?

As spring turns into summer, many students are anticipating graduating and moving on to the next stage of their lives. At this time, parents may be considering giving their children a credit card as a graduation gift, but is this a good idea? Of course, friends and family cannot actually open an account in a… Read More

7 Ways to Get Credit When You Don’t Have Any

Credit Score

7 Ways to Get Credit When You Don’t Have Any

7 Ways to Get Credit When You Don’t Have Any

Credit is one of those things you don’t want to be without. But, as we all know, the credit game is definitely a Catch-22. You need a good credit history to snag the best deals on loans, yet it’s very difficult to get credit without a borrowing history. 1. Become an Authorized User If a friend… Read More

Can Getting Married Hurt Your Credit Score?

Credit Score

Can Getting Married Hurt Your Credit Score?

Can Getting Married Hurt Your Credit Score?

You’ve probably heard the idea that when you marry someone, you’re marrying his or her family, too. It’s part of the package: Committing to someone means accepting everything about them, the good and the bad. It doesn’t work that way with credit scores — they’re based on your individual credit history, so your marriage to… Read More

What to Do if an Authorized User Is Abusing Your Credit Card

Credit Cards

What to Do if an Authorized User Is Abusing Your Credit Card

What to Do if an Authorized User Is Abusing Your Credit Card

The idea of adding an authorized user to a credit card account is often considered to be as risky as cosigning a loan: many advise not to do it. There’s always the lingering fear that an irresponsible individual could ruin your credit profile if you give him or her the benefit of the doubt. Unlike… Read More

Help! My Sister Wants Me Off Her Credit Card

Credit Cards

Help! My Sister Wants Me Off Her Credit Card

Help! My Sister Wants Me Off Her Credit Card

Having a family member add you as an authorized user is one of the quickest, most effective strategies for consumers who are looking to establish and build credit, whether you’re new to the U.S. or just starting out. In fact, it’s the first strategy many experts recommend for young adults that are just starting out…. Read More

Some Debt Expert Advice You Probably Shouldn’t Follow

Credit Score

Some Debt Expert Advice You Probably Shouldn’t Follow

Some Debt Expert Advice You Probably Shouldn’t Follow

The Credit.com Forum recently saw this post about how credit scores consider authorized users on credit cards: Is Dave Ramsey right about authorized users? “I saw that this was published through several sources within the last week.  I thought being an authorized user could at times be beneficial to the authorized user….” Nationally known author,… Read More

CFPB: We’re Fixing the Credit Card ‘Stay-at-Home Parent’ Rule

Credit Cards

CFPB: We’re Fixing the Credit Card ‘Stay-at-Home Parent’ Rule

CFPB: We’re Fixing the Credit Card ‘Stay-at-Home Parent’ Rule

Many consumer groups have spoken out against rule that was designed to prevent borrowers from obtaining credit cards they can’t afford, but has also stopped stay-at-home parents from getting any such account. Now, the federal consumer watchdog is moving to fix that issue. One provision of the Credit Card Accountability, Responsibility and Disclosure Act of… Read More

Help! My Dad’s Credit Card Is Hurting My Credit Score

Credit Cards

Help! My Dad’s Credit Card Is Hurting My Credit Score

Help! My Dad’s Credit Card Is Hurting My Credit Score

Sam is a busy New Yorker who’s savvy about his credit. A recent college graduate working his first job in the city, he got his first credit card last year, and he uses it wisely. He charges only $100 or $200 a month, enough to buy groceries and build up a credit history, but it’s… Read More

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