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Maybe you shouldn't be -- maybe you should jump on board because credit card issuers are ramping up lending some folks money even if you have shaky credit.
They're making it easier for many folks to get back on the road to good credit and in today's take charge consumer protection segment.
Why take a look on whether or not you should cash -- Joining us John Alzheimer president of consumer education for Smart credit dot com.
Great to see you John this segment is all about education helping folks take charge thanks for being with us.
-- -- -- -- -- While those those ads.
Those mailers they're out there telling people sign up for credit and some credit card companies are offering cards -- -- easier.
If you've had credit issues which so many people have should you take advantage.
Democratic Party streets immunity.
Now that they have fully absorbed -- card act and Dodd-Frank are realizing.
That they need to get back to business and one of the ways that they get back to business is to focus on consumers other than the fight goes 715 about which means they're starting to go deeper and deeper.
Into the risk pool which means that -- mailing pretty aggressive off first to consumers.
-- even twelve to 24 months ago we're not having any access to capital or any access to credit cards.
Why because there's fantastic -- if you can manage that particular consumer properly and not let them go into the.
Falls so if you get the credit you have to be responsible about using the credit but let's face it a lot of folks who lost their jobs.
And are in deep right now in dead need to rely on some financing.
You may pay a little more you may pay of feeding get it.
But here's my question for you help folks out there take charge can you repair your credit.
By actually responsibly applying for and using credit and credit cards.
You -- you the answer is yes and not only can you repair your credit while using credit.
But you can actually repair your credit by opening new accounts and never taking on any new debt.
So another is responsible use of credit card means you use that you -- Foley never revolve balances on the interest rates.
Become somewhat irrelevant credit scoring systems which are generally used by pretty much every single lender in this country.
Are very very consumer friendly especially.
When you start adding good -- new accounts to your credit report even after something disastrous like a bankruptcy or a default or foreclosure.
So if you could put something you like your credit card on your credit report without actually getting into a lot of debt.
You've been very surprised how quickly you could really -- that credit score and a fairly short period of time.
That's great time and you know credit card.
Reports in the despite -- scores are checked not only by other credit companies but by employers.
And if you're applying for a job right now -- you want to clean up your credit act so to speak.
Which -- town is a department store card and not that you open and either don't user pay in full -- While the great news for.
-- is today.
If there is no one gets better than the other making news -- generally use credit card and Visa Mastercard Amex -- -- -- -- -- retail store credit card war.
A petroleum party she's at a gas station it doesn't really matter credits were assistants want to see stuff that's properly managed not necessarily a credit card from one issue -- one type of credit card over -- not -- And you're right about employers checking credit reports.
Not only is it legal at the federal level but even some of the states that have -- state level legislation to control the use.
Of credit reports for employment screening still have pretty wide loop holes and employers can generally -- credit when you're applying for a job.
That don't be surprised if they ask you on the interview -- -- allow them to do so so get started cleaning it up now hey John that's great news thanks for joining us.
You bet thanks for having me happy Mother's Day to all the mothers out there absolutely.
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