Welcome to my site! We have the Store Name Credit Cards information that you are looking for.
A Strong Gpa Is Good, But Fico Is Great: Case For Credit Card Education For College Students by
At Junior credit cards, we believe credit is such an important issue that depending on how you manage it, it can make or break your financial life. To make credit work for you, it is essential that you understand your own credit and what your credit information says about you to the growing number of companies that use credit information to make life impacting decisions about you. These companies include lenders, insurance companies, employers and utility companies. The objective is to help you better understand and, therefore, leverage your credit history in order to get the most out of this essential force throughout your life.
Benefits and hazards of credit cards
Student Credit cards enable online purchases, from text books to concert tickets, make it possible to rent a car, and help with medical emergencies or vehicle breakdowns. Used wisely, credit cards can be helpful throughout college, and can assist you in the development of financial management skills. Also it is vital to know that your credit score affects your ability to get, car loans, and home mortgages after graduation. Future jobs and insurance premiums can also be influenced by your credit score. By paying your bills in full or in a timely manner, a credit card will help you establish a good credit score.
Late payment or no payment will earn you a poor credit score. With a poor score, you find it difficult to make important purchases like your first car or that condo, if you get the loan; it will be at very high cost. Also it is important to know that Banks make money by charging annual fees, late payment penalties and interest fees on unpaid credit card balances. Therefore, card holders with revolving debt (those who do not pay their balances in full each month) are desirable to the bank.
Understanding your credit report
Your credit report or credit history is a record of your past and current credit obligations including your debts and payment history. Your credit reports, widely recognized as the official record of how you shop for and manage credit obligations, are maintained by three national credit reporting agencies, or credit bureaus: TransUnion, Equifax, and Experian.
Information reported on your credit report
Your credit reports contain a detailed record of your accounts and payments to banks, credit unions, finance companies, mortgage companies, credit card companies, retail stores, and a variety of other creditors. These trade lines detail your account and payment history, balances, credit limits, debt burden, and the age of your accounts.
The report also includes inquiries or authorized credit checks. An inquiry is a posting on your credit report that occurs whenever it has been accessed. Each credit reporting agency is legally obligated to maintain a complete record of all inquiries for, in most cases, 24 months. This record can be as simple as who pulled your credit report and on what date. Credit related public records including bankruptcies, judgments and tax liens will also be found on your credit report.
The credit report also include your personal data, this includes your name (including previous names and any variations of your name that are reported by your lenders), telephone number, address, Social Security Number, birth date, and current employer. Typically, previous addresses and employers are noted as well. This information, for the most part, is used for nothing more than identification.
Information not reported on a student credit report
Your credit report does not include your level of education, your medical history, purchases paid by cash or check, your gender, national origin, race, or religion, your investments or brokerage accounts, your income and your alimony commitments.
Who decides what goes in your student credit report?
Information on your credit reports does not actually originate with the credit bureaus at all. In reality, the credit bureaus function more like warehouses: they store data, which is reported to them from a variety of sources including your mortgage and auto lenders, credit card issuers, student loan companies, public record vendors, retail stores and finance companies.
Understanding your credit score
Credit scores are generated from models that read the data from your credit reports to generate a three digit number ranging from 300 to 850. The resulting credit score is designed to assess your level of credit risk by predicting whether or not you will pay back credit obligations in a timely manner. Despite the fact that anyone can build a credit scoring model, the industry standard is the FICO credit score.
Note also that at any specific moment, the information at each of the three credit bureaus is likely to differ, due to different reporting schedules. As a result, the FICO scores generated from the three credit bureaus will also differ. Since lenders may review your FICO score and credit report from any one or all three credit bureaus, it's a good idea to verify that the information in all three credit reports is accurate so to ensure a valid score.
It is important to realize that your credit scores are in constant flux, changing each time information changes, is added to or deleted from your credit reports. Making a mortgage payment, applying for a department store credit card and opening a new line of credit will all trigger changes in your credit report and, as such, a change in your credit score. A late payment or the closure of a credit card account will also have an immediate impact to your credit score.
The following categories drive your FICO credit score:
Your payment performance history (35%)
Your current level of indebtedness (30%)
The age of your credit history (15%)
Your pursuit of new credit (10%)
The type of accounts in your credit report (10%)
As you can see, payment performance and level of debt account for 65% of the points in your FICO score. The remaining categories are worth fewer points but are still very important especially for those who are aiming to earn the highest scores.
Taking Control of your credit
Your credit record stays with you wherever you go. Future loans, credit card accounts, employment, and housing, they all require clean credit. To create good credit and maintain it you need to actively manage your credit accounts.
Study your card agreement
Note the grace period, annual fees, cash advance fees, finance charges, and annual percentage rate (APR). If you plan to carry a balance on your account, shop around for a lower APR, even if it means paying a higher annual cardholder fee.
Use credit wisely
Keep track of your current purchases. Avoid large impulse purchases. Do not use a cash advance to cover normal daily expenses.
Know your limit
Exceeding your credit limit is usually considered a violation of your account agreement and may result in additional fees or penalties, or the freezing or cancellation of your account.
Make more than the minimum payment
If you can not pay off your total balance each month, then at the very least, try to pay more than the minimum required
Pay on time
Be sure to get your payment in by the due date to avoid a late fee and possible credit damage.
Keep in touch
If you change your name, address, or job, notify your lending institution immediately. You do not want to risk a late payment. Also contact your lender if you cannot make a payment on your account for any reason. They might be able to arrange special payment options that help you avoid credit problems.
Enroll in a personal finance course
If you are not a finance or business major you should enroll in a personal finance class as soon as your schedule allows. If it is not required coursework, take it as an elective. You will learn a set of life skills that will not only help you right now, but also after college and for the rest of your life.
Lovemore Ncube
I have years of experience as a Financial Advisor. I graduated with significant balances on my credit cards; it took me a while to put my credit on track. If I new then what I know now about credit cards, I could have done a lot better. Website: http://www.juniorcreditcards.com
Article Source: http://www.earticlesonline.com/Article/A-Strong-Gpa-Is-Good--But-Fico-Is-Great--Case-For-Credit-Card-Education-For-College-Students/307583
FEATURED PRODUCTS:
| No items matching your keywords were found. |
A great place to shop for Store Name Credit Cards products is Amazon.
 |
Crystal Place Card Holder
List Price:  |
DescriptionPlace card holder for reservations or name cards for your guests! |
 |
CellularFactory: CR2032 Lithium Button Battery (5PCS) for Home & decor gifts
Sale Price: $1.33 |
DescriptionCR2032 Lithium Button Battery (5PCS) for Home & decor gifts . This CR2032 Button Battery provides excellent continuous power sources to your device. They are suitable for the toys, calculators, cameras, watches, games and other electronic appliances use... |
 |
BMW Genuine Black Leather Business Card Case Holder OEM
List Price: |
DescriptionItem Description: New Factory Original BMW Black Leather Business Card Case Holder. - 3"h x 4.25"w x 0.5"d. - Import. - The color is black. - OEM BMW Accessory |
 |
The John Lennon Collection
List Price: |
DescriptionLENNON JOHN COLLECTION |
 |
Monopoly Here and Now World
Sale Price: $57.77 |
DescriptionThe world has voted, and the numbers are in! A worldwide vote determines the properties in this new twist on an old classic. Move the cool tokens that are iconic to life in the world here and now, and own popular destinations from around the world... |
 |
Barbie "Shopping Time" Cash register
Sale Price: $124.90 |
DescriptionThe Barbie "Shopping Time" Cash Register gives girls hours of shopping fun and has lots of stores to visit. She'll have a great time ringing up purchases with the working card scanner, making in-store announcements and using the scale at the grocery store... |
 |
Hello Kitty Trifold Mini Wallet Coin Purse Billfold Rose
List Price: |
Description·Made of artificial leather, durable and soft to the touch ·Hello Kitty head embroidered on the front with characters printed above ·Tri-folded with snap closure ·Two main compartments for notes/bills ·Eight card slots in all, at both sides ·Two photo displays for your favorite pictures and photos ·An additional coin purse on the right for coins ·Lovely as well as practical item for your life |
 |
Storus Smart Silver Stainless Steel Money Clip
Sale Price: $19.95 |
DescriptionThe Storus Smart Money Clip is the first patented double sided money clip. With an ultra thin design this money clip will easily fit in any person's front pocket while maintaining a secure hold on all your bills and cards... |
 |
Mapi Leather Olbia Slim Cardholder iPhone 4 and 4S Pouch Case
|
DescriptionMapi Leather Olbia Slim Cardholder iPhone 4 and 4S Pouch Case. The Olbia Slim is a slim case for your iPhone 4 or iPhone 4S with the additional bonus of a card/ID holder hand crafted into the back of the case... |
 |
Metropolitan DESIGNER WALLET Hard Case (Gray Patent Leather Croc)
Sale Price: $14.99 |
Check out these fine shops that offer Store Name Credit Cards products:
|
|
sport+store Water Bottle + Storage $19.99 sport+store Water Bottle + Storage The sport+store Water Bottle + Storage is your all-in-one solution for days on the course, on hikes, on walks or just about anywhere else. The water bottle holds 20 fluid oz., and the handy storage compartment stores your keys, cash, drivers license, credit cards, supplements, snacks and much more. Additional features: BPA & lead-free Eco friendly Stainless steel single wall with threaded top Carabiner included |
|
|
Zeyner Black Leather Credit Card and ID Case $87.29 Carry your credit cards and ID in style with this black leather credit card and ID case. It is made of Italian vachetta leather with handmade jewelry hardware.Inspired by the classic imagery and incomparable style of American V-twin motorbikes, ZEYNER is dedicated to creating unique leather accessories that are as stylish and durable as they are original. The leather comes from Florence, Italy, and the handmade hardware comes from California. ZEYNER tkaes its name from the German words "Zeit" meaning time, "Ein" meaning world unity and "Er" meaning human, which means that ZEYNER is dedicated to linking the traditions of handmade designs and art to the latest technologies and trends in order to create bold, functional products. Classic Italian Vachetta Leather. Handmade jewelry hardware. 8 credit card pockets and 1 ID window. 1 slach pocket.Color: BlackMaterials: Italian vachetta leatherHandmade jewelry hardwareEight (8) credit card pockets and one (1) ID windowDimensions: 4 inches high x 3.25 inches wide x .6 of an inch deep |
|
|
Seiko Dm22 Credit Card Metronome $21.97 In Store Clearance SEIKO DM22 CREDIT CARD METRONOME |
|
|
Tony Perotti Zip-around Accordion Credit Card Holder $56.11 This Tony Perotti zip-around accordion credit card holder has plenty of dividers inside to accommodate a large selection of credit cards or business cards. This wallet is big enough to store and organize, yet small enough to fit in any handbag.Colors: Cognac, redMaterials: LeatherDimensions: 4.25 inches long x 3.25 inches high x 1.25 inches deep7 credit card slots 2 large dividers for change Soft liningFull zip around |
|
|
Zeyner Cognac Leather Credit Card and ID Case $87.29 Carry your credit cards and ID in style with this cognac leather case. It is made from Italian vachetta leather and handmade jewelry hardware.Inspired by the classic imagery and incomparable style of American V-twin motorbikes. ZEYNER is dedicated to creating unique leather accessories that are as stylish and durable as they are original. The leather comes from Florence, Italy, and the handmade hardware comes from California. ZEYNER takes its name from the German words "Zeit" meaning time, "Ein" meaning world untiy, and "Er" meaning human, which means that ZEYNER is dedicated to linking the traditions of handmade designs and art to the latest technologies and trend sin order to create bold, functional products. Classic Italian Vachetta Leather. Handmade jewelry hardware. 8 credit card pockets and 1ID window. 1 slash pocket.Materials: Italian vachetta leatherColor: CognacHandmade jewelry hardwareEight (8) credit card pockets and one (1) ID windowDimensions: 4 inches high x 3.25 inches wide x 0.6 inches deep |
|
|
The Beatles Singles Playing Cards $6.99 THE BEATLES SINGLES PLAYING CARDS |
|
|
The Beatles Abbey Road Card Case $12.99 Epoxy coated image on high quality stainless iron case. Sized perfectly for ID's, credit cards and business cards. Dimensions: 3.75" x 0.25" x 2.25" |
|
|
Credit and Borrowing (Hardcover) $67.42 In order to buy a car, go on a vacation, or own a home, many people borrow money from a lender. To do this, good credit is essential. The brand-new Credit and Borrowing covers all the ins and outs of good credit vs. bad credit, how to build a credit history, credit scores, and anything else students need to know about the process of taking out a loan. Many useful features complete this full-color resource, including an index, bibliography, glossary, sidebars, and student quizzes.Chapters include:Credit: History and Importance Credit CardsCommon Consumer LoansCredit Reports and ScoresAlternative LoansCredit Problems. |
|
|
Pink Floyd the Wall Playing Cards $6.99 THE WALL - PLAYING CARDS |
Other Products Purchased from this website:
Tagged with: blog • delicious • design • google • search Filed under: Desk Accessories Like this post? Subscribe to my RSS feed and get loads more!