Welcome to the Credit Tips Blog !

Keeping good credit can make all the difference in how you live your life. Good credit can get you a new house, a new car, or a business loan. Bad credit can make it impossible to get anything you want. But many people don't know many of the requirements for maintaining good credit. Furthermore, many people have special credit situations that require some analysis to figure out what exactly to do. The purpose of this blog is to provide some answera and some resources for further exploration.


How does your credit get affected by a closed credit card account due to a stolen credit card?

Filed Under (Credit) by admin on 06-10-2009

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Stuck in the Middle Ages asked:


What happens to one’s credit when the person’s sole credit card is taken and used illegally? We’re not sure how this will affect efforts to refinance, as this is my wife’s only credit card. She will be receiving a replacement in the next week and will have an affidavit indicating that the charges were not hers.

Any suggested approaches to ensuring that her credit info is considered before the card was stolen and the account closed?

What type of credit card can I apply for and get approved with current bad credit to start rebuilding?

Filed Under (Credit) by admin on 16-06-2009

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Mrs. E asked:


Im currently disputing a lot of derrogatory info on my credit reports from all 3 agencies. I currently have no major credit cards and was informed that if I opened a credit card account and made the payments on time that would up my credit score.

Can credit card companies close your accounts without warning? How does it affect your credit score?

Filed Under (Credit) by admin on 25-01-2009

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Sara asked:


I received a letter in the mail from Juniper (iTunes Rewards) stating that they have closed my credit card account due to inactivity. I opened the account about 18 months ago and have never actually used it. Can they close my account just like that without any warning? How should I handle the situation? (Is there anything I can even do?)

Also, I know that closing credit card accounts lowers your credit score. Does anyone know how much mine will be affected?

Closing a credit card account that is inactive? How much will it affect my credit report?

Filed Under (Credit) by admin on 17-12-2008

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jenahfah asked:


I’ve had this account for about two years, and I haven’t used it in a long time, and I’m thinking of closing it but I don’t know how it would affect my credit report. This is a secure credit card, with only a $300 limit. I have two other credit cards that I use a lot more often and I’ve been very responsible about paying bills on time.