Why People Have Credit Card Debt & How to Avoid It
Here are some common reasons people have credit card debt. Plus, learn how to avoid credit card debt and develop debt management strategies.
When it comes to considering the best credit card deals for you, you should consider the account terms, such as interest rates, and if there are any credit card perks that could benefit you and your lifestyle. Also, you should take into consideration that when you're looking to acquire a new credit card, your credit history and credit scores will come into play. When determining your creditworthiness, lenders and creditors will usually look to your credit history and resulting credit scores. You can find out the best credit cards you’re more likely to be approved for, researching which is the best credit card to fit you and your family’s needs. Credit card debt is also a current and prevalent issue, and we discuss some of the best ways to manage credit card debt while paying it off. Other topics, like whether to pay off medical debt with credit cards, interest rates based on your creditworthiness, and which credit card perks make sense for your lifestyle, are all explored in our credit card hub.
Read More
You Ask, Equifax Answers: Is Now a Good Time to Open a New Credit Card?
Is now a good time to open a new credit card? Learn more about the factors to consider when thinking about opening a new credit card.
How a Credit Card Balance Transfer Works
Balance transfers may be one option for credit card users who are struggling to keep up with their debts. Learn all about how a credit card balance transfer works.
Read More
How to Pay Off Credit Card Debt Fast
Feeling overwhelmed by your credit card balance? Learn how to pay off credit card debt fast with these five common strategies.
Read More
[Video] Keeping Up with Credit Card Debt During a Financial Crisis
Credit cards can be vital tools in times of financial uncertainty, but it’s important to be aware of the potential pitfalls.
[Video] What Is an Authorized User on a Credit Card?
Wanting to know what an authorized user on a credit card is? Click here to learn more about authorized credit card users and how they can affect your credit.
[Video] What Is a Secured Credit Card and Does It Build Credit?
Secured credit cards require cash deposits and are a great choice for someone looking to build or improve your credit history. Secured credit cards are usually more accessible than other types of credit cards, which is helpful for those with little to no credit history.
You Ask, Equifax Answers: How Often Do Credit Card Companies Report to the Credit Bureaus?
How often do your credit card providers report your information to the three Nationwide Credit Reporting Agencies? Does it vary from card to card?
What to Expect When Asking for a Credit Limit Increase
Asking for a credit limit increase may be an option to positively impact your credit history. Learn what a credit limit is, why you might want an increase, when to ask for one and more.
Credit Limit Increases: What to Know
Received a credit limit increase? Considering asking for one? Here are a few things to consider.
What Are Pre-Approved Credit Card Offers?
Pre-approved credit cards are offered from credit card companies to qualifying consumers. Learn exactly what you need to know about pre-approved credit cards and how to access any offers you might receive.
Should I Pay My Credit Card in Full?
Find out whether you should be paying off your credit card in full each month. Learn about credit utilization rates and why it may be wise to pay off your balance.