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General Questions FAQs

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Would applying for card affect my credit?

[April 13th, 2016]

Yes, your credit score may change. First of all, when you apply for a credit card, an issuer will make a hard pull to see your credit report(s). Once you are approved, a new credit account will appear on your credit reports. This will shorten your overall credit history, increase your overall available credit, and […]

I am a student. I have a checking account but I am unemployed. Can I use my father as a co signer since he supports me?

[September 30th, 2014]

Yes, you can. You can also apply for a student credit card without a co-signer. If a credit card issuer decides you need a co-signer, you will be notified.

Why my credit inquiries affect my credit?

[September 25th, 2014]

Your credit is not affected when you request your credit reports. But if those inquiries are made by a creditor, your score can be affected. The more inquiries you have, the greater impact it will have on your credit. So, if you apply for several credit cards within a short period of time, you thus […]

There are several credit score websites but they all give different scores. Which one is accurate?

[August 29th, 2014]

There are three major credit bureaus: Experian, Equifax, and TransUnion. You can get one free credit report from each of the credit bureaus. Your scores from these credit bureaus can a bit differ because not all creditors report your credit activity to all three bureaus. And every credit bureau has its own formula to calculate […]

I need a small business credit card but I have a bad personal credit. How can I separate my business and personal credit history?

[August 22nd, 2014]

To qualify for a business credit card, your own credit history should be at least average. Once you have a business credit card, the credit card issuer will report your company credit activity to a business credit bureau. You will thus have a separate credit history for your business. Try to improve your current credit […]

I would like to know how does the loan process work.

[August 19th, 2014]

When you submit your application, a lender will determine the amount you can be given or agree on the amount you indicated. The amount of loan depends on your credit score and your creditworthiness. You also should have a bank account which accepts deposits. Once approved, a lender will deposit your loan into your bank […]

Will a credit card increase my credit score?

[August 8th, 2014]

If you want to increase your credit score using a credit card, the card should be reported to the major credit bureaus. Most major credit cards are reported to the credit bureaus. Prepaid card are not reported. If your credit is bad, a secured credit card can be a good option for you. It requires […]

I need a credit card. I have excellent credit but no one wants to approve me. What can I do to get a credit card?

[July 29th, 2014]

Make sure your current credit is excellent by checking your credit reports. When you know your credit score you can choose a right credit card for you. You can also use our credit score estimator to see your approximate credit score and the cards you can apply.

What is the best credit card for me when three credit reporting companies don’t agree on my rating? One says “good” the other two say “fair”. Equifax doesn’t even have an accurate record on me.

[July 23rd, 2014]

Your scores differ because not all creditors report your credits to all three major credit bureaus. Also, every credit bureau has its own algorithm to calculate a score. If you have some inaccurate information in your credit reports, you should dispute them with a credit bureau. Since your average credit score is fair, you can […]

Why do I keep getting pre-approved credit card offers and then getting declined even though they know my credit is poor?

[March 13th, 2014]

When you are receiving emails or mails with credit offers saying that you are pre-approved or approved, it does not necessary mean that you are approved or will be approved when apply. It is better to avoid applying such offers, because if you apply and get denied too often you can make your credit score […]