Credit Card Gist

Having a higher credit limit can raise your score as long as you don’t max out your cards. Use your credit card regularly, make your payments on time and pay more than the minimum due.

(Via YouTube.com)

Learn how to minimize chargebacks and fraud

Learn how to minimize chargebacks and reduce your processing costs. The Chargeback Management kit contains a video and an e-book:

• E-Book – Chargeback Manual (40 pages).
• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).

There are five simple things you can do to increase your credit score. Some are free and other steps will cost you less than $10 before you’ll see a bump in your score.

(Via YouTube.com)

Learn how to minimize chargebacks and fraud

Learn how to minimize chargebacks and reduce your processing costs. The Chargeback Management kit contains a video and an e-book:

• E-Book – Chargeback Manual (40 pages).
• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).

It is an all-to-common story. A couple gets divorced and the ex-wife finds out that her ex-husband has defaulted on his credit cards, damaging her credit history in the process. For this scenario to take place, she would have had to have been added as an authorized user to his credit cards, making them both financially responsible for the account.

A CreditCards.com’s reader tells a similar story, with a twist: “I did not sign anything or provide him with any information, but he got a second card with my name on it for me to use.” Her credit history is now damaged anyway and she asks Jeremy M. Simon, the financial website’s credit score expert, what to do.

“Since you didn’t sign anything, you probably won’t be held responsible for the debts on your husband’s credit card accounts,” says Simon. “But that doesn’t mean you won’t need to do some cleanup work to get those negative items removed from your credit report.”

If she is an authorized user of the accounts at issue, the reader could be able to get the accounts off her credit reports by filing disputes with each of the three national credit bureaus. If she is a joint account holder, however, things get much messier. If her ex opened up the accounts without her knowledge, she would have to contact the police and take legal actions against him. Upon a favorable conclusion, she would have to contact the credit bureaus and provide the documentation.

(Via CreditCards.com)

Learn how to lower your card acceptance cost

Learn how to accept credit and debit cards at the lowest processing costs. The Payment Card Acceptance kit contains a video and an e-book:

• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).
• E-Book – Payment Card Acceptance Guide (19 pages).

Credit score calculations are complicated and the algorithms used by the major credit score providers are not exactly freely available to the public. While most of us know that paying our bills on time and not carrying too much debt affect our credit scores positively, there are other variables that are not quite as clear cut. For example, does a loan modification affect your credit score? This is exactly the question a PBS.org reader asked of credit expert Michelle Singletary.

While a loan modification alone would not affect your credit score, the reasons for it may do so, answers Singletary.

“What gets included in the scores on your credit report (you have one from three different credit bureaus) and could hurt your credit is: too much debt; applying for new debt; and not paying your bills on time or as agreed in your loan or credit card contract. Those are the top reasons your credit rating would drop,” explains Singletary.

“So, if you need a loan modification because you have not been paying your mortgage as agreed, it’s the late payments, not the modification, that will hurt your credit history,” she adds.

(Via PBS.org)

Learn how to minimize chargebacks and fraud

Learn how to minimize chargebacks and reduce your processing costs. The Chargeback Management kit contains a video and an e-book:

• E-Book – Chargeback Manual (40 pages).
• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).

5 facts behind the most widely held misconceptions about your credit report.

(Via WTOL.com)

Learn how to minimize chargebacks and fraud

Learn how to minimize chargebacks and reduce your processing costs. The Chargeback Management kit contains a video and an e-book:

• E-Book – Chargeback Manual (40 pages).
• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).