Here’s a question you don’t normally come across when trying to improve your credit: Is there such a thing as having too much credit? In other words, will taking on more lines of credit than you already have actually damage your credit score, or will it damage your chances at credit repair? Well, assuming you [...]
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Continue ReadingThis Week in Credit News Consumers Squeezed Less at Credit Unions “Federal Reserve policy drove down loan rates in the recession to spur investment and consumer spending. But deposit rates plummeted even more quickly, resulting in a net deterioration of the interest rate climate for consumers. In the years since the height of the recession, [...]
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Continue ReadingAt My Credit Group, we always try to hammer home one major point to our credit repair services clients, and that’s how important it is to regularly check your credit reports; not only for possible account errors, but also to help fight against identity theft. But what is it exactly you should be looking for [...]
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Continue ReadingEverybody really seems to have fallen in love with prepaid credit cards; many going so far as to use them as an alternative to real credit cards. Most people think of prepaid credit cards as a sort of extension of retail gift cards and tend to treat them as such. After all, you really only [...]
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Continue ReadingThis Week in Credit News How Do You Get Credit Cards Out Of Your Life? “But, most people don’t have piles of cash lying around and aren’t counting on a big lump sum. Getting out of credit card debt is a slow process where you need to have a long-term goal.” Web Merchants Credit Rater [...]
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Continue ReadingGetting into credit card debt is easy – just ask the millions of consumers already wallowing in it. Getting back out of debt is the hard part, but fear not – it CAN be done. All it takes is careful planning, a lot of discipline, and a little time, and you can live your life [...]
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Continue ReadingOne question often on the mind of anyone undergoing credit repair is how exactly they’re supposed to fix their bad credit when they don’t even know what goes into their credit score? Your credit score is a pretty shy customer, only really showing itself when certain people ask for it and never really revealing what [...]
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Continue ReadingThis Week in Credit News Capital One snags HSBC credit card business “The deal puts Capital One at the forefront of a niche market it only entered into at the start of this year. The company made its foray into the space in January by picking up the credit card portfolio of Canadian retail conglomerate [...]
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Continue ReadingOnce upon a time, one woman found she needed her credit repaired and, rather than leaving it to someone else to fix, took matters into her own hands and improved her credit score. Realizing there was a market for this kind of thing, My Credit Group was born. Today, more than 10 years later, My [...]
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Continue ReadingIt’s fast, it’s easy, and it’s the best deal of your life – all you have to do is sign on the dotted line and all this can be yours! Yeah, credit card offers can be pretty damn enticing when they promise you the world and everything in it. Before you know it, that shiny [...]
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