Credit Cards

To close or not to close…

Posted June 21, 2017 Author: Dan Beck

I often get asked if it would be OK to close a credit card account, the easy answer is no. But also, I understand that everyone has unique situations and if you find yourself with a card that you either need to close or want to close there are a few precautions that you can …Keep reading

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To close or not to close…that is th...

Posted April 16, 2014 Author: Dan Beck

Many people struggle with the idea of if they should close a credit card or not after they pay it off. There are many reasons as to why people think this is a smart thing to do. Some get the advice from experts of the past that used to preach this philosophy as if they …Keep reading

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The Rule of 22

Posted February 25, 2013 Author: Dan Beck

If you have ever read any of my books or any other articles I have written you undoubtedly have heard me talk before about the importance of how you manage your credit card debt in the eyes of your FICO score. Some of the concepts and principles I teach I understand can be a bit …Keep reading

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The temptation was too much…now wha...

Posted January 14, 2013 Author: Dan Beck

The holiday season is now over and for many comes the real downer of figuring out how much money they spent on credit cards and what they should do with the new retail credit cards they opened. While I express to people all of the time to avoid that situation sometimes that advice is ignored because the temptation …Keep reading

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How to Prepare Your Credit for a Mort...

Posted December 10, 2012 Author: Dan Beck

A lot of the people that come to hear me speak or contact me for a credit consultation have the same goal, to purchase a home or refinance the current mortgage loan they have. Usually they contact me after they have discovered that their current FICO score is not high enough to accomplish that goal. …Keep reading

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You Still Have Options!

Posted February 14, 2012 Author: Dan Beck

If you recently applied for a credit card but were declined because you have bad credit or no credit history, don’t lose hope.You still have options! There are two types of cards that you need to be aware of in this situation:secured credit cards and prepaid cards.Both have pros and cons. Secured Credit Cards As …Keep reading

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Top 3 reasons NOT to apply for a stor...

Posted December 20, 2011 Author: Dan Beck

If you’ve gone shopping at a department store lately, I’m sure you have been asked to open a store credit card. For doing this, you could save 10-, 15- or even 20 percent on your purchase that day. Here are 3 reasons this is a very bad decision: When you apply for a credit card, …Keep reading

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