https://padlet.com/ramosa0238/64cwofipsi0qb5gp en-us 2022-12-12 15:55:30 UTC 2025-09-24 15:43:19 UTC hello@padlet.com https://padlet.net/icons/png/1f4b3.png ramosa0238 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2417995786 Payments made in a set period of time to repay set or varying interest rates like car loans or home loans also known as closed end credit. A secured line of credit is guaranteed by collateral, such as a home. An unsecured line of credit is not guaranteed by any asset

]]> 2022-12-12 16:01:20 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2417995786 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418002048 Credit where there is no set time to pay back credit minimum monthly payments but interest does vary. These include credit cards and known as open end credit.]]> 2022-12-12 16:05:38 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418002048 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418003153 2022-12-12 16:06:27 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418003153 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418005787 2022-12-12 16:08:19 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418005787 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418006664 The Fair Credit Billing Act is a United States federal law enacted in 1974 as an amendment to the Truth in Lending Act. It limits consumer liability and protects them from unfair billing practices. It amended the Truth in Lending Act (TILA) made in 1968. The FCBA applies to open-end credit accounts, including credit cards, charge cards and home equity lines of credit, but not other types of loans. It gives the the right and power to dispute billing errors. The FDCPA prohibits debt collectors from engaging in harassment or abuse, making false or misleading representations, and engaging in unfair practices. A debt collector cannot harass or abuse any person when collecting debt]]> 2022-12-12 16:08:58 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418006664 ramosa0238 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418015098 2022-12-12 16:14:38 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418015098 ramosa0238 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418015940 2022-12-12 16:15:14 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418015940 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418021980 https://www.experian.com/blogs/ask-experian/what-is-the-fair-credit-billing-act/

https://www.experian.com/blogs/ask-experian/credit-education/bankruptcy-how-it-works-types-and-consequences/

https://www.360financialliteracy.org/Topics/Credit-and-Debt/Credit-Cards-and-Reports/Credit-Cards-The-Pros-and-Cons

]]> 2022-12-12 16:19:02 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418021980 ramosa0238 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418023428 Pros: A credit card provides a credit report of all of your spending through your monthly statement and online account. Having these records kept, it will be a good resource when doing taxes. Also, if you pay your monthly payments on time you will build a good credit history.
Cons: If you don't pay your expenses on time, interest will be charged on them. Interest rates will add up, therefore one may spend more on interest and fees. Credit Cards are also very easy to use which can make it really easy to overspend.]]> 2022-12-12 16:19:56 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418023428 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418027895 A FICO score is a score created by the Fair Isaac Corporation. Lenders use the borrower's FICO score to evaluate the risk and credit reputation and can impact the borrower's interest rate or chances of being accepted or declined a loan. Minimum score is a 350 while the maximum is 850.]]> 2022-12-12 16:22:45 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418027895 ramosa0238 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418029047 2022-12-12 16:23:33 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418029047 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418469060  A recommended site is https://annualcreditreport.com 
You should also request a credit report from Experian, Equifax, and TransUnion. All three, not just one. ]]> 2022-12-12 23:20:41 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418469060 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418472257 1. Paying a credit card bill on time and more than the minimum will show on time payments on a credit report. 
2. Asking for a higher credit card limit.
3. Get a secured credit card.
4. Dispute any fraudulent or incorrect credit errors and contact the credit bureau. 

Doing these can raise a credit score, but maintaining it includes being organized and strategic about paying, paying on time and keeping track of due dates, and keeping all your information current.]]> 2022-12-12 23:26:50 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2418472257 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2419772968 Banks, credit card companies, auto lenders, mortgage lenders and employers can see your FICO scores. However, there are some legal limitations. Employers can not look at your credit score when your job performance is in question and written consent is needed for any other employer to be able to access your credit score. According to Fair Credit Reporting Act (FCRA), They must have written consent before checking an applicant's credit history.]]> 2022-12-13 20:51:45 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2419772968 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2420114665 2022-12-14 04:59:19 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2420114665 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2420118597 Bankruptcy is a legal process that federal bankruptcy courts handle. It's a process to help liquidate one's assets and help get a fresh start. However, it will stay on your credit report for 7-10 years and can seriously impact your ability to open credit card accounts and get approved for loans with favorable rates.  You'll have to meet some requirements before you can file. You need to show proof you can't repay your debts and complete credit counseling with a government-approved counselor. This counselor will help you assess your finances, discuss possible alternatives and help you create a more sustainable financial plan for the future. If you do file for bankruptcy you will need to decide to file chapter 7 or file 13

]]> 2022-12-14 05:06:16 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2420118597 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2420141711 2022-12-14 05:45:38 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2420141711 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2420145657 Repossession is something being seized or taken by a lender or the state. For example, a car can be repossessed if payments have not been made. If your car is repossessed, you have a right to get back your personal belongings that were in the car but laws can vary depending on state if you can get it back. You might have to pay the outstanding bill but this also brushes over into secured credit.]]> 2022-12-14 05:52:49 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2420145657 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2423143739 2022-12-16 15:42:45 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2423143739 shawj0393 https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2423158459 In simple terms it’s the amount of revolving credit you're currently using divided by the total amount of revolving credit you have available. ]]> 2022-12-16 15:56:03 UTC https://padlet.com/ramosa0238/64cwofipsi0qb5gp/wish/2423158459