Looking For Credit history? Take A Look At These Guidelines For Selecting The Right Card For Yourself!
When looking over your statement, report any fraudulent charges as soon as possible. By doing so you give the credit card company the best chance of catching the thief. In addition, this is the best method of ensuring you aren’t responsible for the charges. Credit card companies have an interest in making it easy to report fraud. Usually, it is as quick as a phone call or short email. Sit down and take a look at your credit card statements immediately upon receiving them. Compare the charges to the purchases that you made to check if they are charging you correctly. That is the most effective way to be aware of duplicated or unauthorized transactions. Notify the credit company right away, following their required procedures. If you see late fees added to your card balance, call the card company so they can remove the fee. If you are a good customer a lot of companies will remove it as a courtesy.
If you are trying to pay off and close some of your credit accounts, make sure that you leave at least one open, which helps to demonstrate a positive credit history. Chose the card with the best payment history. This will prove to lenders that you can maintain an account for a great amount of time.
Your oldest credit card is the one that affects your credit report the most. Do not close this account unless the cost of keeping it open is too high. If you are paying an annual fee, ridiculous interest rates, or something similar, then close the account. Otherwise, keep that one open, as it can be the most beneficial to your credit score. Before making an online purchase with your credit card you need to make sure that you are dealing with a legitimate seller. You should call any numbers that are listed on the site to make sure that they are working and you should avoid using merchants that have no physical address listed on the site.
Avoid the temptation to consolidate multiple credit card accounts onto one card. If your credit balance rises beyond half of your available allowance, your credit score will suffer. These kinds of consolidations should be carefully considered to prevent doing damage to your credit rating. It may save you money monthly, but it could cost you your credit score.