About Credit Cards

A quick way to add a trade line is to get a credit card. When you first open a new account, your score may decrease because you have incurred a new liability. After some months, your score will be positively affected. Timing is very important in scoring. The best way to use credit cards is to pay off the balance each month - before the due date. Do not fall into the trap of running up a tab. Make sure you understand ALL of the terms, fees, and interest rates.