Building Credit History


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Building Credit History FAQs:

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Unfortunately, I do not believe you would be able to gain approval for the Hot Topic credit card if you are completely new to the world of credit and have no established credit history. Continue reading

There is no magical number of credit cards that is considered right for all consumers. In fact, the number of credit cards you can have depends on your individual credit history, credit score, and the way you manage your credit accounts. Lenders also have their own view on how many credit cards is "too many." Continue reading

Such cards like the Fuel Rewards Mastercard are usually offered to people with established credit history who have at least average credit. However, since you are a Fuel Rewards member, you might have received a pre-approval offer. If so, you can give this card a try. You will need to provide some information about you and your income to apply, so be ready to do so. As an alternative option, you can apply for a regular credit... Continue reading

Closing a credit card account is not simply snipping a credit card. It is a more complicated process that takes more time and effort. You should understand why you are closing your credit card and how it will impact your credit score. Continue reading

It's definitely a good idea to have more than one credit card, so you're on the right track there. With all the different fantastic options out there, and so many rewards credit cards available, why limit yourself to just one card? Continue reading

There are a few things you want to look out for in a credit card you are using as a method of establishing your credit profile. Continue reading

It can help your score if you are an authorized user on another person’s account. Known as “piggybacking,” this is one method people use to improve their credit score. You should only authorize family members – a spouse, child or parent. Allowing a credit repair company to add you to an unknown account as an authorized user is never a good idea.FICO, the credit-scoring company, has software that can recognize legitimate authorized users. Continue reading

A credit bureau collects information about consumers’ financial behavior so that potential creditors can evaluate whether or not the applicant is likely to pay off their debts. They record information about the opening and closing of accounts, lines of credit, payment history and types of credit, as well as personal information such as address history. Continue reading

Yes. Every consumer is entitled to one free copy of their credit report each year from each of the three major credit bureaus. Go to and follow the steps given to get your free annual copy of your credit report. Continue reading

The single most important thing to do is to pay your credit card bill on time every month. It’s also important to stay under your credit limit and not spend more than you can easily pay off each month. Making late payments and charging more than they can afford to pay off are the most common ways people get into trouble with credit. Continue reading

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March 16, 2015