Credit Protection

A credit card can be a great financial tool, but it is also a big responsibility. Applying for and receiving a credit card generally is an easy procedure. Offers from credit card companies arrive frequently in the regular mail.

Many people, partially first-time users, do not fully understand the applications of a credit card. They may charge more than they repay. This can damage a credit rating and create credit problems that can be difficult to fix. Credit card and identity theft can be a major issue when applying for credit.

Before you submit a credit application, obtain a copy of your credit report from one of the three major credits reporting to make sure it is accurate. The Fair and Accurate Credit Transactions (FACT) Acts allows consumers in the United States to receive one free copy of their credit report from each of the three major credit reporting agencies during a twelve-month period.

Da'Quan Stevens
September 16, 2011