John Ulzheimer is a recognized expert on credit reporting, credit scoring and identity theft. He is a credit blogger for Credit Card Insider, CreditSesame, Mint, and the National Foundation for Credit Counseling. John is twice Fair Credit Reporting Act (FCRA) certified by the credit reporting industry’s trade association and has been an expert witness in over 140 cases involving credit issues. Formerly of FICO and Equifax, John is the only recognized credit expert who actually comes from the credit industry.
The APR – Annual Percentage Rate – is a basic feature of revolving credit cards. It is the fee that you pay to use the card, which covers the costs that the issuers pay to service the debt you accrue. The APR is the interest you’ll pay from month to month; for general credit cards, the […]
Credit cards come in many different types – rewards, business, travel, gas, secured (which require a security deposit), and more. But do these cards affect your credit differently? It turns out that the type of card won’t matter for your credit – however, the credit limit probably will, and these cards come with very different credit limits. […]
Did you know that you have 3 different credit reports? Equifax, Experian, and TransUnion are all credit reporting agencies, and they all put out different credit reports. That means that you also have 3 different credit scores. So, which one of these do credit card issuers tend to use? The answer is – maybe any […]
Not every card is a good pick to bring to foreign countries. First off you’ll want to be sure your card is is enabled with EMV Chip technology, because many other countries have moved beyond the magnetic stripe that is usually used in the U.S. You’ll need Chip technology to use your card at most […]
When you apply for credit cards and other types of loans, you may be issued a notice of adverse action if your credit isn’t good enough. This happens when you’ve been denied for a credit card, or if you’ve been “adversely approved.” An adverse approval means that you’ve been approved for the product, but with less […]
Credit cards and mortgages are different types of loans, and so applying for them will be quite different. Credit cards are given very small credit limits compared to the typical mortgage amount, and so the process is much more thorough for mortgages. You may be approved for a credit card practically instantly, and only one […]