Understanding Your Rights with the Truth in Lending Act

Introduced by Senator William Proxmire and enacted on June 29, 1968, the Truth in Lending Act (TILA) was designed to help consumers better understand the credit terms and rates offered to them by lending institutions. Part of the broader Consumer Credit Protection Act, TILA ensures that all creditors use the same terminology and expression of…

What Is the Fair Credit Billing Act?

Have you ever received a bill from a creditor that contained errors? Did the merchant charge your card twice? Does your billing statement contain charges for items that were returned? Or maybe you’ve been assessed fees for late payments even though you’ve always paid on time. These are a few examples of common billing errors…

What Is the Chase 5/24 Rule?

A Chase credit card is one of the most sought-after cards available. With multiple types available, often with lucrative signup bonuses and rewards programs, it’s no wonder why so many people apply. However, a few years ago, Chase introduced the 5/24 rule as part of the application process. It’s been increasingly enforced, making it difficult…

Full List of Credit Cards That Issue Instant Card Number Upon Approval

Sometimes you need a credit card right away and you mentally kick yourself for not applying to one sooner like you had planned. Maybe your car is at the shop and you can’t pick it up until you have an extra couple hundred dollars to pay for the repairs. Or perhaps your washing machine has…

7 Proven Ways to Reduce Your Credit Card Bill — for Good

More Americans than ever are in need of credit help. Overall U.S. household debt has steadily increased by over 10% in the last decade. The average household credit card debt is $16,748, for a total of $779 billion in credit debt nationally. If you need help paying off your credit card, you’re not alone. Thankfully,…

How to View Your Pre-Qualified and Pre-Approved Credit Card Offers

Gone are the days of checking your mailbox daily for the latest and greatest credit card offers. Thanks to modern day technology, you can now access your offers at your own convenience via the Internet. It’s a great way to navigate credit card offers on your own terms, rather than waiting for one to show…

Everything You Need to Know Before Doing a Credit Card Balance Transfer

If you have a large credit card balance with a low interest rate that is about to expire, it may be wise to transfer that debt to a better credit card account. Even when you have multiple smaller credit card bills with different payment dates, you may prefer a single payment to help keep your…

Credit Card Reconsideration Lines

No one likes having a credit card application denied. In a best-case scenario, it leaves you unable to take advantage of a rewards program you’ve been eyeing. In a worst-case scenario, it leaves you cash-strapped when you need that extra credit line to cover a financial emergency. You might be surprised to hear that hearing…

How to Report Income on Credit Card Applications

Applying for a credit card isn’t a very difficult process, but the basic information you’re asked to submit has a huge bearing on whether or not you’re approved. In addition to personal data like your name, date of birth, address, and social security number, you’ll also be asked to state your annual income amount. Utilizing…

Credit Cards for Bad Credit

What Are My Credit Card Options When I Have Bad Credit? Many Americans find themselves in exactly the same place when it comes to their credit rating – not where they would like to be. How do people with bad credit get credit cards? Four Main Options Consumers with poor credit generally have these options…