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What’s On My Credit Card?

While I recently obtained my master’s degree, I immediately began applying for a MasterCard. At the time, I was looking forward to another exciting opportunity. Although I have a lot of years of credit left, with a solid credit score, I’ll be able to buy a condo or even borrow money for a car. I called up the credit card companies to help with the application process, and to determine the best way to get an equal offer was through a competition. The credit card companies offered me several rewards points for my purchases. Not surprisingly, I was selected first. The low cost airline miles rewards are enough to fill your wallet with blood.

The rewards couldn’t feel less rewarding. From first purchase to a night out with the family, I could not be prouder. I applied for a cash back credit card that offered an introductory 0% APR for one-year only. The interest rates were only one-tenth of 1%. The introductory 0% APR cost me only 1.5% of the balance. The airlines miles rewards companies offered me a 0% introductory APR for the life of the card, so it was the best reward for the money I spent.

I made my first purchase with the 0% introductory offer. After checking into it, I signed up for the 0% APR credit card. For a long time, I filled out my application with the simple task of filling out my credit card application. With a quick swipe of the small black eye on my white card at the top of the web, the credit card company were going to hand me that wonderful opportunity. I worked my hard to secure the same benefits that the 0% APR credit card offered me along the way, and the excitement shot into my little ones’ laps.

What’s On Your Credit Score?

What’s on your credit score says a lot about you – it’s a big responsibility. Your credit score is important for evaluating your financial condition, credit worthiness, and most important for creating a long-term credit card repayment plan. Your credit score is important because it allows credit card issuers, lenders, and other lenders to judge your credit worthiness and creditworthiness. And because your score is derived from information in the public file and information provided by credit bureaus, credit scores are updated as new information becomes available.

Bureau of Labor Statistics data show that the number of Americans under the age of 70 having some form of outstanding debt has continued to increase since 2006. According to a statement issued by the National Association of Bankruptcy Holders, approximately 7.4 million Americans ages 18 and older have filed for bankruptcy. It’s estimated that as many as 9 million Americans may have filed for a Chapter 7 Bankruptcy. This means that your credit will be seriously impacted by your bankruptcy filing.

Your credit score is derived from information in the public file and, according to the American Public Credit File Law (APL v. Barnes, Barnes, & Noble), information on your credit score is available to credit scoring models. A reasonable explanation is that credit scores are developed by both the lender and the model.

Under the “Fair Credit Reporting Act” (FCRA), the federal government requires that credit scoring models be “fair” and “satisfactory.” You will be able to find an accurate copy of the Fair Credit Reporting Act (FCRA). At the time you purchase a credit report, I highly advise you to sign a brief statement placed in a “merk file” with the accurate content of the items on your score. Then destroy the items you believe to be in error.

My score is accurate, correct, and correct. I was able to calculate my score using information in Google Finance. If you agree with my score, I highly recommend you to try to open an account with MyCarex.com , then obtain a free credit score report through Experian, Equifax, or TransUnion. If you discover inaccuracies in my score, please send me an email at robison@mcs.utah.edu or on line at www.utahatt.edu

To learn more about accuracy, correct, excellent, timely, credit scoring, and how to improve your score, visit the Equal Credit Opportunity Website at www.equifax.com or www.rense.utah.edu or by calling (801) 825-4213.

My credit score helps me improve communication skills and budgeting skills. In part because of such information, I take up many of the same classes as many other college students, works with clients, and is consistently asked about my scoring.