A credit card can be a great financial tool, but it also is a big responsibilty. Applying for and receiving a credit card generally is an easy procedure. Offers from credit card companies arrive frequently in the regular mail
Many people, particularly first-time users, do not fully understand the implications of a credit card. they may change more than they can repay. This can damage a credit rating and crate credit problems that can be difficult tp fix. Credit Card and identity theft can be a major issue when applying for credit.
Before you submit a credit application, obtain a copy of your credit report from one of the three major credit reporting agencies to make sure it is accurate. The Fair and Accurate Credit Transactions (FACT) Act allows consumers in the United States to receive one free copy of their credit report from each of the three major credit reporting agencies during a twelve-month period.
Tips and Hints on how to save Money
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Brian Coaston
August, 2010