If you think only credit scores can decide your successful application for a credit card, you are totally wrong. In fact, your credit scores and credit reports should be considered when you apply for a credit card. Besides, your relationship with banks is also a crucial element during your application process. We have mentioned it in many posts. For…
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It’s believed that you have a preliminary understanding of the importance of SSN (Social Security Number) after reading several relevant articles that have been posted. Although you can apply for some credit cards and earn credit record without an SSN, you cannot apply for quite a few banks without an SSN. After all, it will be more convenient to have…
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Because a good habit to manage a credit card is so important to improve credit score that we decide to write another post nagging the correct way to increase credit score though you’ve known the general knowledge of credit cards! According to what decides FICO score, we are going to analyze the factors on by one and tell you how…
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In the previous post we showed the general concepts of credit score and credit history and specifically mentioned that FICO credit score was most authentic important to you. This post is going to figure out how is FICO credit score calculated. Overview The most widely used FICO model is FICO 8 in which the percentages of the credit score are listed blow:…
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Some freshmen who come to U.S for the first time may become quite puzzled about some words and phrases on bills of bank accounts and statements of credit card, such as: What is APR? What is Hard Pull? The short post comes for helping them understand their meanings. 1. What is Balance? Simply put, Balance is the remaining sum or arrears…
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It’s a commonplace but a unavoidable topic. I tried to help you digest the most important concepts through this post. The specific questions about credit score calculation will be answered at the next article! Briefly, it is: Credit Score = Credit Report + Score Calculation Model Credit report is, haha, a snitch recorded by the banker on your credit history….
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Which credit cards are suitable for newbies with no credit history? This post will briefly tell you how to apply for your first credit card. The first card is difficult to get, because when you just arrive in the US and have no idea about credit card and credit history, it’s hard to accept so much information. But here, I’ll just…
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Welcome, freshmen! Maybe you always hear people talking about “credit card is devil”… However, that’s not exactly true, if you know how to play this game. As credit card geeks, we want to teach you how to get the most from credit cards. To begin with, this post is to straightforwardly introduce to you why credit card is the best payment method when you…
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