LowCards.com Weekly Credit Card Update–April 18, 2014

States Probing Massive Data Breach of Social Security Numbers In what could be one of the biggest data breaches in history, the federal government and authorities in several states are investigating the criminal sale of Social Security numbers, bank account … Continue reading

“God” Sues Equifax for Glitch in Credit Score

A man by the name of God Gazarov is suing Equifax for displaying that he has no financial history because the credit reporting agency's system will not accept his name--God. Despite the fact that he has a score over 720 with … Continue reading

Proposed Senate Bill Mandates Free Annual Credit Scores

A proposed bill in the United States Senate would mandate all consumers have access to free annual credit scores. The Stop Errors in Credit Use and Reporting (SECURE) Act is designed to reduce the problems consumers experience through errors in their … Continue reading

Build Credit with Your Tax Refund

Tax refund checks will soon be rolling in, and some of them will likely go to "unnecessary" purchases--that new iPad you've been drooling over, or the big party you've been wanting to throw. While there is no shame in spending … Continue reading

LowCards.com Weekly Credit Card Update–February 28, 2014

Financial, Retail Industries Keep Cybersecurity Mistakes and Punishments Secret Even as cyberthreats grow in frequency and sophistication, the system for ensuring payment card security in the United States remains a closely guarded arrangement among the credit card networks who set … Continue reading

New Type of Loan Helps Consumers Build Credit

Thousands of people with poor credit scores struggle with a way to improve their financial situation. It is extremely difficult to build your credit score without the ability to get credit and prove that you can pay back that loan. … Continue reading

LowCards.com Weekly Credit Card Update–February 21, 2014

A Line of Defense Against the Theft of Personal Data Credit-monitoring is often backward-looking, informing you of new accounts that thieves may have already opened in your name. But a freeze prohibits the bureaus from releasing your credit reports to … Continue reading

Are Free Credit Scores from Credit Card Issuers Valid?

Barclaycard and First Bankcard were the first credit card issuers to offer their cardholders free credit scores. These issuers enable their customers to check their FICO credit score at any time through their online accounts. Now, Discover is heavily promoting the … Continue reading

Will Lowering My Credit Limit Hurt My Credit Score?

Most people want to raise their credit limit on their credit card in order to have more money available to them, but there are situations in which lowering your limit is a better option. If you are considering doing that … Continue reading

Paying Off Credit Card Debt with a Personal Loan

Have you ever thought about paying off your credit card debt with a personal loan? This may not seem like it would make a big difference, but doing so could actually improve your credit score. Here's why: Credit card accounts are … Continue reading

Protecting Your Financial Accounts from Hackers

Consumers are getting bombarded with news of cyber security attacks at well-known retail stores such as Target and Neiman Marcus. They are concerned about their personal information and are left to wonder what can be done to protect themselves. Here … Continue reading

Top 10 Signs of Identity Theft

Recent security breaches at Target, Skype and Snapchat show that identity theft has become a major problem in our society. Unfortunately, personal information, email, credit cards and bank accounts are not as private and protected as we think. It is … Continue reading

Credit Cards Can Help Build Your Credit Score

If you have a bad credit score or perhaps no credit history, a credit card can be used to boost your credit score. But only if it is used properly and prudently. Here is a guide explaining how to use … Continue reading

Credit Cards for People with Bad Credit

If you have bad credit, obtaining a traditional credit card can be a major challenge. Most companies are not willing to approve you for an account because they fear that you may not be able to pay back any credit … Continue reading

LowCards.com Weekly Credit Card Update–November 8, 2013

MasterCard 3rd-Quarter Net Rises 14% on Increased Purchases MasterCard said third-quarter earnings rose 14% as spending on its credit and debit cards continued to grow. MasterCard, like its larger rival Visa, operates a payments network that processes transactions made on … Continue reading

Bizarre Ways to Hurt Your Credit Score

We all know that having an unpaid bill could result in a lower credit score. This makes sense. What you might not know is that an overdue library book or a rental car reservation could have an impact on your … Continue reading

Phantom Banks Operate Credit Card Scam out of Mailboxes

Two ghost banks in Ft. Lauderdale, Florida have been operating credit card scams using mailboxes located at a local storage facility. The banks, working under the names of AmTrade International Bank and Freedom 1st National Bank, have sent out numerous letters … Continue reading

Credit Card Tips After Losing Your Job

Unfortunately, job loss has become a reality for millions of Americans. Your income may end but your expenses do not. There is no magic wand to make the bills or the bill collectors disappear, but there are some smart financial … Continue reading

How Can I Build Credit without a Credit Card?

Building credit can be a tricky process because it takes credit to build credit. Most people struggle to build their credit history without initially using some "starter" credit cards to get the ball rolling. How can you build credit without … Continue reading

Young Credit Card Users Are More Responsible Than Their Parents

The common perception is that young adults are not financially responsible, mainly because they lack experience in dealing with money. But a recent study from Arizona State University suggests that college-aged credit card users are actually more responsible than middle-aged … Continue reading

Best Student Credit Cards of 2013

Student credit cards are great tools to help young adults build their credit scores. These cards can provide a good source of emergency funds as well, as long as students understand the debt and the risks that can come along … Continue reading

Using Credit Cards to Build Credit

We get this question a lot: What is the best way to use credit cards to build credit? Most people see credit cards as nothing more than money pits in the making, but they can be legitimate opportunities to build … Continue reading

Your Facebook Friends Could Help Your Credit

Ever wish that you could get a loan just by knowing people with good credit? That may not be as farfetched as it sounds. Thanks to a variety of tech startups like Lenddo, you could improve your credit score and … Continue reading

What Is the Best Credit Card for Me?

A couple decades ago, there were only a few credit cards offered in the United States. Now, there are over 1,000 on the market. Issuers like Citi, Chase, Discover, Capital One, Barclay, Bank of America and American Express have saturated … Continue reading

Vacation Credit Cards for Bad Credit

Going on vacation should be a lot of fun, but for people with bad credit, it can be a source of stress and frustration. Just about every element of a vacation usually requires a credit card reservation--from the flight to … Continue reading

Are You Buying Your Real Credit Score?

Credit scores are how lenders, and even some insurers and employers, judge consumers. For a number that carries such influence, there are many grey areas that can create problems and confusion for consumers. The July 2013 issue of Consumer Reports calls … Continue reading

LowCards.com Weekly Credit Card Update–August 9, 2013

An $18 Million Lesson in Handling Credit Report Errors Julie Miller could not get the big credit bureau to remove a host of errors that it inserted into her credit report. So she tried suing and that worked. A jury in … Continue reading

Reconsideration–Another Chance at Getting a Credit Card

Reconsideration is an unpublished "secret" in the credit card industry. If your credit card application has been rejected, there is a number you can call to explain your side of the story to a real person and appeal for approval. When … Continue reading

Choosing a Credit Card Comparing All the Options

If you are going to apply for a new credit card, it is important to get the right one for your needs. Many people do not realize how many different types of credit cards there are in the United States. … Continue reading

Benefits of Credit Cards over Debit Cards

Some people use the terms "credit card" and "debit card" interchangeably, as if they are one in the same. However, there are big differences between these two types of cards, and those differences make one choice more favorable than the … Continue reading

Do Store Credit Cards Help Credit?

Store credit cards are designed to reward frequent shoppers for their loyalty to a specific store. They offer special discounts that you can't find without the card. Many consumers have applied for these cards due to the attractive incentives they … Continue reading

Common Mistakes for First Time Credit Card Customers

Being approved for your first credit card is a big financial step, but it can also lead you into a lot of debt if you are not financially responsible. It doesn't matter how old you are--you will most likely make … Continue reading

Don’t Cut Up Your Credit Cards

We've all seen those scenes on TV where a shopaholic cuts up all her credit cards in order to control her spending habits. While this may be a dramatic moment in the show, it doesn't actually help matters in the … Continue reading

Do Household Bills Help My Credit Score?

Every adult has a number of household bills, from electricity and gas to water and cable. With the amount of money we all pay for these bills, you'd hope some benefit would come from making these payments. Do household bills … Continue reading

Financial Tips for Recent Graduates

Almost two million people recently graduated college and the fortunate ones are now entering a new chapter of life called the working world. For the class of 2013, the average graduate is already weighed down with $32,500 in debt when … Continue reading

What Credit Cards Do I Qualify For?

Looking for a credit card but don't know where to start? Perhaps you should focus on your credit score. This score is going to put you into a bracket of applicants, and it will determine which cards are accessible for … Continue reading

LowCards.com Weekly Credit Card Update–May 17, 2013

The Long Shadow of Bad Credit in Job Search Over the last several decades, credit reporting bureaus have been selling their services to a much wider range of buyers than just banks.  Nearly half of employers use credit checks when … Continue reading

How Can I Improve My Credit?

Having a low credit score can be detrimental in a money-driven world. It will prevent you from getting car loans, home loans, credit cards and much more. No matter what caused your bad credit, there is a way out of it. The … Continue reading

How to Get a Credit Card as a Student

As long as you are over the age of 18, you can qualify for a credit card. The challenge is obtaining that first card when you have little or no credit to back up your application. If you are a college … Continue reading

Managing Your Finances During Each Stage of Life

April is Financial Literacy Month. As you await your tax refund, this is a good reminder to review your financial health and make the necessary changes in the way you manage your money. Every household is directly affected by finances, no … Continue reading

How To Properly Compare Low Interest Credit Cards

In today's credit card market, there are hundreds of cards that are offered to consumers. In fact, LowCards has the largest and most updated database of credit cards and interest rates in our complete credit card index. However, just because … Continue reading

How to Check My Credit Score for Free

Running a search for "how to check my credit score for free" may lead you to a lot of websites that are actually just companies trying to sell their services. There are ways to check your credit score for free, … Continue reading

How to Get Credit When You Have No Credit

For the most part, it takes credit to make credit. You can't get a loan or credit card without having some form of credit to prove that you are trustworthy. This frustrating cycle can be difficult to overcome when you … Continue reading

What Affects Your Credit Score

Knowing what affects your credit score may allow you to make better financial decisions over time. It is similar to knowing the types of questions on a test before going in to take it. You may not know all the … Continue reading

How Fast Can You Raise Your Credit Score?

In the modern world, speed is everything. We drive fast cars on fast highways while our fast phones access a fast internet connection. There is no time to waste. Many people apply this same theory to their credit scores, seeking … Continue reading