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Showing posts from February, 2009

why credit cards can be good for you ?

In this times of recession .. times are bad .But often when you go to get a home loan or credit a established credit can help you get a loan or credit much easier .So a bad thing can also neccesarily be good.

Credit cards , Gold card , Platinum cards , Award Cards

When you don’t have a credit history, it can be difficult and frustrating when trying to obtain a credit card or other type of loan. Establishing your initial credit history can be a Catch-22. If you don’t have credit, not many places are willing to give you credit, yet how can you ever establish credit if nobody is willing to give you any?
There are a few things you can do that can help in your quest for establishing credit. The first thing you should do is open and maintain a checking and possibly even a savings account at a local bank. This is helpful in two ways:
When you have active bank accounts in good standing, you are proving that you can manage money. While bank accounts aren’t typically a part of your credit sc…