Is It Ever a Good Idea To Open a Retail Credit Card?

Is It Ever a Good Idea To Open a Retail Credit Card? Credit for Beginners by David B. Coulter Share Share Email Most retailers accept different payment forms, so does it make sense to open a retail store credit card? The short answer is: Yes — under certain circumstances.  If you think that retail store […]

What’s an “Open” Account and how are they scored?

What’s an “Open” Account and how are they scored? Credit Cards by John Ulzheimer Share Share Email Open, closed, usable, not usable…an Open account simply means it’s not “closed”, right?  Nope, it sure doesn’t. An Open account is a specifically designated account type rather than the status of a revolving credit card account.

Revolving, Installment and Open Accounts: What to Know About the Three Types of Credit

Revolving, Installment and Open Accounts: What to Know About the Three Types of Credit Credit Monitoring by David B. Coulter Share Share Email Not all credit is created equal. The credit bureaus, along with each of their scoring models, all take into consideration the types of credit accounts in a portfolio. While credit mix only […]

Is It Ever a Good Idea To Open a Retail Credit Card?

Is It Ever a Good Idea To Open a Retail Credit Card? Credit for Beginners by David B. Coulter Share Share Email Most retailers accept different payment forms, so does it make sense to open a retail store credit card? The short answer is: Yes — under certain circumstances.  If you think that retail store […]