No, it’s never too late to work on building your credit. You may feel that in the second half of your life you have missed the credit train, but this is not the case.  Credit applications do not have any limitations or cutoffs.  The Equal Credit Opportunity Act prohibits creditors from discriminating against you due… continue reading.

What does it take to get your first credit card? You need an income in order to qualify for a credit card. The Credit Card Act of 2009 set new standards for protecting consumers. The act does not require a minimum income to get a credit card, but it does restrict issuing one to a… continue reading.

You want to have instant good credit, but it does not work that way. It would also defeat the purpose of the whole credit score idea. More to that later… You will need about six months of on time payment history to have a decent credit score. The reason is that the most heavily used… continue reading.

The Consumer Point of View From a consumer point of view (your viewpoint), credit cards are simply cards made out of plastic that permit you to access a credit card issuer’s credit limit that they have provided to you. This credit line works something like a loan. A main difference is that the creditor does… continue reading.