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With onset of the economic credit crisis, many banks have pulled the available credit cards from their offerings. If you look at our MasterCard offers or our Visa card offers the choices to the public have been drastically reduced. Even some American Express cards have been withdrawn and taken offline. In these times of economic [...]
I guess we don’t have to fear credit lines not holding up? Who really thought they wouldn’t pass this bill?
The bailout bill goes to the House for vote tomorrow. There were rumors that credit card debt holders would not be receiving credit extensions, unless they were top flight customers. This bill is to unfreeze that situation from happening to individuals.
Banks and credit card companies decide whether or not to approve applications for credit based on a variety of factors, including: (1) how long you’ve been employed, (2) your family income level, and (3) your credit history, as reflected by your FICO Score. What is FICO anyway? FICO stands for Fair Isaac & Co., which [...]