Ways To Increase and Improve Your Credit Score Without a Credit Card

When we think of improving a credit score, we often think of using credit cards.

Indeed, one of the fastest ways to build credit is to open a credit card account, and use it regularly, paying down the balance on time.

However, many people are wary of credit cards, and would prefer not to use them.  Unfortunately, some sort of credit history is needed in order to qualify for some loans, especially home loans and many auto loans.

The good news is that it is possible to establish and build up your credit score, even without credit cards!

Improving Your Credit Score without Credit Cards

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Charge Cards Are Not Credit Cards – Understanding the Difference

People often assume a charge card is just another way to say credit card but that is not the case. A charge card is a completely different entity than a credit card.  If you have never used a charge card, you should know what sets them apart from the regular plastic credit cards you may already have in your wallets.

What Is a Charge Card?

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An Against the Grain Approach to Prioritizing Your Savings

If Im So Smart Where Did All My Money Go?

Frequent readers of personal finance blogs are familiar with the importance of getting out of debt and staying out of debt. The reasons for avoiding debt are both economic and emotional, and they are so well known that we can call “staying out of debt” Personal Finance Truism #1.  Let’s briefly review the reasons behind Personal Finance Truism #1:
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Credit CARD Act and Its Affect on College Students

According to a 2009 study by Sallie Mae, the average credit card balance for college students was $3,173.

Only 15% of college freshman surveyed had a zero balance.

Of overall students, 82% carried a balance and had monthly interest charges.  The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 put new rules in place to help consumers better understand their credit cards and cut down on unfair practices from credit card companies.  Of those rules, there are some that college students should be especially aware of.
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ZYNC Card From American Express – Review

Zync Card from American Express

Zync Card from American ExpressHave you seen the commercials for the ZYNC Card from American Express?

I’ve got to say, I was curious about the card when I heard about how you can tailor the card to fit your lifestyle.  As an American Express card user, and fan, I had to look into the Zync card further.

Here’s what I found out about the ZYNC Card: Continue Reading

Schumer Box And Credit Card Offers

Ever hear of the Schumer Box? It’s actually an important piece of information that you will find in a credit card application and something you need to be aware of when considering a credit card.
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My First Credit Card – And The High It Gave Me

It’s been many moons but I remember my first credit card. It was a retail card for A&S (remember that store?).  I forget what I was buying (a sweater maybe?) but there was a discount offered if you signed up for their card.  “What they hey,” I thought.  Why not sign up and see what happens?  So I did.  And a few minutes later I was the proud owner of a new credit card!  Ahh, memories.
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