Credit Cards

How To Meet Credit Card Application Requirements

Applying for a a new card is relatively easy, especially with the Internet. But getting approved is a different thing altogether. Many credit card companies are now placing more stringent requirements from their applicants. One of these requirements is a good credit rating or a high credit score.

Unfortunately, a good credit standing does not come instantly. It has to be worked on with determination and persistence. But hard work usually pays off. Once a person has established a good credit standing, getting approval for an application becomes far easier.

Establishing a good credit rating is the best initial step to meeting all credit card application requirements. But how can you get a good credit rating? Here are three suggestions that have been found effective.

First, pay your bills on time. The companies always check a person's credit score before approving a credit card application. To prevent that credit score from taking a nose dive, all bills must be paid on time.

Problems happen and sometimes the bills are paid late. This does not mean that a credit card is way out of your reach. All that is needed is to start paying bills on time. After several months of paying on time, the credit score will significantly increase.

Second, keep your current "plastic money". With bills that don't seem to decrease, the most logical thing to do, it seems, is to cancel the card. But this is an unwise move. The presence of a credit card contributes to the credit score. A card implies that there are funds that can be made available to the credit card holder.

The recommended thing to do with the credit card is to keep it but not use it, while still paying the large bills. Once bills are paid, the credit standing becomes better. It also becomes possible to get approved for another card, which will further increase the credit score.

And third, avoid maxing out the credit limit of the current plastic. Credit scores are known to decrease if the credit card is charged with more than 50% of its limit. By keeping way below the credit card limit, the bills are more manageable. If the bills are more manageable, the credit standing becomes better. And if the credit standing is excellent, it will be easy to meet the requirements for a new credit card.

The author believes the best place to apply card credit online is here!

Article Source: http://EzineArticles.com/?expert=Bjoern_Noth

How Can I Get a Free Copy of My Credit Report?

You can obtain a FREE Credit Report from Equifax, Experian, and Trans Union by completing and mailing the Annual Credit Report Request Form to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. This form can be printed from ftc.gov/credit. There is also a toll free telephone number to call to request a copy of your free credit report: 1-877-322-8228. You will need to provide the following information to get your free credit reports: Your Social Security number, your name and address including your previous address if you have moved in the past two years, your date of birth, as well as some other information that only you would know such as the amount of your monthly mortgage payment.

If you request a copy of your free credit report online, you will be able to obtain it right away. If you call in or mail your request with the Annual Credit Report Request Form, your request will be processed and mailed to you within 15 business days after its receipt. This time period may take longer if the nationwide consumer reporting company needs more information to confirm your identity. If there happens to be an abnormally high volume of requests for free credit reports at the time you request yours, you will be notified that your report will be mailed to you sometime after 15 days of receipt.

To purchase a copy of your credit report, you may call the consumer reporting companies direct with the following telephone numbers:

Equifax: 1-800-685-1111 Experian: 1-888-EXPERIAN (1-888-397-3742) Trans Union: 1-800-916-8800

The cost to buy a copy of your credit report is generally $9.50 or less for each agency.

Each nationwide consumer reporting company gets information from different sources so the information contained in any one report may not be the same. The information may not reflect all of your credit info so requesting a free copy of your credit report from all three major agencies is the best way to get the full story of your credit.

This article was written by Kriss Standke who is an accomplished Webmaster and publisher of CREDIT-SCORE-REPORT-FREE. where he provides detailed and informative articles, tips, and advice on free credit reports, how to get yours, and what to do with the information once you receive it.

Article Source: http://EzineArticles.com/?expert=Kriss_Standke

These million-dollar-a-year fat cats, know squat about their customers!
So they pay 'normal' people like me to tell them the word on the street.

Have A Look CLICK HERE

"ADVERT"