Friday, August 7, 2015

About Sears Credit Card

What You Need To Know About The Sears Credit Card


About Sears Credit Card-If you love to shop at Sears department stores, then you should consider one of their credit cards to benefit from savings. Even though these cards generally have a higher interest rate, you will be able to see an overall savings when you pay the full balance monthly. Applying to get a Sears card is quite simple, but getting approval might not be so easy for individuals with sub-standard credit score.

About Sears Credit Card

Sears Credit Card


1. Determine the type of card you want

Sears provides different types of card to businesses and consumers. In the event that you do not know which of the cards to get, then its best to make an application and if you're approved you definitely will get the best suited credit card based on your creditworthiness.

2. Submit an application at the store counter

The clerks in the store will take your credit application and you could even get an immediate response. In case you are get approval you could be able to utilize the credit right away, but if you are not approved a response will be mailed to you detailing the reason for your refusal. You should not freak out if the clerk is not ready to give you an immediate approval, since from time to time the inquiry system might be down so the credit decision cannot be made at that moment.

3. Fill out the application form and then mail it to the store

This will be a good alternative for somebody who is not comfortable to stand at the counter and give their personal details to a sales person. This approach will take more time than additional options, but it's still a good choice.

4. Apply online

You can get an instant approval when you make the application online. These cards are generally given via Citibank, so their website will accept the approval for the card rather than Sears's site, which means you have to apply for the right card.

Another option would be to make applications over the phone. However, you should be prepared to provide information about your finances.

Article Source: http://EzineArticles.com/?expert=Colin_Scott

How To Fix My Bad Credit Score

How To Fix My Bad Credit Score The Easy Way


How To Fix My Bad Credit Score-Did you know that 1 in 4 credit reports contains errors or omissions? And if it goes undetected can hurt you financially. Think about this for a moment. If the studies are correct and statistics say that they are then that means 1 in 4 people have a bankruptcy that shows on their credit report and they never filed for bankruptcy.


Bad Credit Score


You should make it a rule of thumb to review your credit quarterly or four times a year. This way you will catch things before long and rectify the situation immediately. With today economic times being prudent by keeping a watchful eye over your credit report. Having a magnifying glass when reviewing your report will turn up discrepancies immediately. And it is within your rights to challenge any errors that you may find.

Open a New Checking or Saving Account

Go down to your local bank or credit union an open a new checking or saving account. Deposit into either account about $1,000.00. The following week go back to the bank and apply for a credit card. Since you have little or no credit your banker will love the fact that you strengthening your ties with them.

More than likely they will offer you the credit card. Or they may want to use the $1,000.00 as collateral that you deposited the prior week. Either way it's a win-win. If they offer you the credit card without collateral it's great you'll be further ahead in this game of monopoly.

If by chance they want to use it as collateral that's fine too. Just know that if you should default on paying the bank back they will keep your deposit. Your goal here really is to establish regular consistent payment activity with this new credit card.

Be sure to keep you debt ratios low.

What I mean by this is you never want to charge more that $400.00 on this credit card. Ideally, you only want to charge small amounts like $25, $50 or even $100 and pay them off in full at the end of the month.

Should you decide to charge up to that $400.00 amount, then be sure you can still pay it in full at the end of the month. Otherwise don't do it because you will be defeating the purpose. Consistency is the real key here. The goal is to establish a good payment history with on time payments.

Revolving Debt


According to Wikipedia revolving debt is “credit card debt, retail card debt and some petroleum cards. And while home equity lines of credit have revolving terms the bulk of debt considered is true unsecured revolving debt incurred on plastic.”

What creditors are looking at here is the fees that you have to pay monthly such as your Macy's credit card or Sears charge charge. You need to have both revolving debt and installment loans because it accounts for 30% of your FICO score.

Here is a summary of what the creditors look at when making a determination about whether or not to grant you credit.

#1. Creditors need to know how many credit inquiries have been made against your report? This can account for as much as 10% of your FICO score.

#2. From there creditors want to see the type of experiences you've had with credit. Do you have revolving of installment loans and what success have you have with these types of debts. Chalk up another 10% of the credit pie.

#3. Are you a newbie when it comes to credit? Creditors will ponder this questions and seek answers by reviewing your report. They need to know how long you have been granted credit? And how well you handle the responsibility of your debts?

They will consider things like on-time payments. Late payments. If late, how many times late? Are you a slow payor? They will be looking at all kinds of payment patterns to paint a picture of you really are. Slice off another 15% of your FICO score.

#4. Now we get to the meat of what creditors are really looking for. One of the biggies they will ask themselves is what is your debt load and what type of debts are your carrying?

Is it a mortgage loan, car payment, student loan payments, insurance payments (whether for house or car), etc? Are they life insurance payments, retail or credit card payments?

All these questions will have to be answered.

Now the picture is becoming clearer and clearer about you as an individual. This slice of the pie can add up to 30% of your score.

#5. Last, but not least the final piece of the pie comes into full view. Now, they have a complete picture of who you really are by putting in this last piece which is your over all history of your payments.

From when you received that first credit card to when your purchased your last home. It's all in there for everyone to see. Just how good you are at keeping your commitments.

Or whether you fold like paper when things get a little rough. This last piece of the pie can make up to 35% of their total assessment of your character. Ouch! I hope you've been credit worthy.

I've just given you a couple of tips on fixing your bad credit the easy way. As a side note, I just read a press release called “Bad Credit Personal Loans To Help Relieve Financial Pressures”.

Whatever you do stay away from these loans! They will only get you trouble. Keep your eye on the ball. The way to relive financial pressure is to live within your means and build your savings and investment accounts and never, ever forget that.

Article Source: http://www.streetarticles.com/credit/how-to-fix-my-bad-credit-score-the-easy-way

Thursday, August 6, 2015

Sears Credit Cards - The Lowdown!

Sears Credit Cards - The Lowdown!-Making your Sears credit card payment online is perhaps one of the easiest and most convenient ways to pay off your credit card debt. It saves you from a lot of hassle and saves the time it would take you to visit your bank or the post office. Ever since Sears handed its credit cards operations over to Citigroup, online payments and their other facilities have become even faster and better. Imagine how much time you would save if you could pay all your bills online with just a few clicks.

Sears Credit Cards


All card payments made online go directly to Citigroup, who then manage and transfer those funds to Sears. All you need to do is register for online account management for your Sears credit card from the Citibank website and you are done. You can then access a control panel to manage your account payments and information. You will need your social security details, billing information, an email address, your Sears MasterCard information, and your three-digit security code for registration.

Sears credit cards might sound like they are only good for shopping at their stores, but they can actually be used online and even at some other stores. Sears cards also come with 24-hour customer service, safeguards against fraud, identity theft, and even payment protection in case of unemployment or death.

They offer four types of cards: a standard Sears credit card, a MasterCard, a Commercial One Card and a Sears Home Improvement Account. These cards can be used at all Sears stores, as well as Kmart, Lands End and The Great Indoors outlets and websites, while the Home Improvement Account has been designed for people who are planning large home improvement and DIY projects. The Commercial One card, as the name suggests, is for commercial tools and use.

Among other things, you can easily make additional Sears credit cards for your family members without extra cost. You also get better warranties and returns are easier too, since you do not have to bring your receipt if you have brought your Sears card. Moreover, the Sears MasterCard does not come with a membership fee and you earn rewards for each dollar that you spend. The commercial use cards do not have an annual fee either while the Home Improvement Account gets you easy monthly payments for your renovations and extensions.

However, the key feature of these cards is the security. All Sears credit cards are covered by Citibank's identity theft solutions, while the MasterCard comes with Purchase Assurance, extended warranty coverage and the Sears Choice Rewards program. Additionally, you can also sign up for AccountCare, which cancels your minimum monthly payment or balance up to a specific amount if you lose your job, are on leave of absence, or are hospitalized.

Sears also offers Fraud Early Warning, $0 Liability, and Citi Identity Theft Solutions as well. These features make these cards great for online shopping as the cardholder is protected against unauthorized charges, identity theft, and even online phishing.

Sarah Aslam

Article Source: http://EzineArticles.com/?expert=Sarah_Aslam