Bob Jain: 4 Ways Your Credit Score Can Fall

By Paul Martinez

Anyone who is focused on finance can tell you that credit scores matter. Some people rely on these to receive loans, while others simply enjoy having this peace of mind that others might lack. Whatever the case may be, it's important to understand the ways in which your score can be damaged, so that you can make it a point to avoid them. With the help of Bob Jain, here are 4 of the methods in question that you should take into account.

To start off - and companies like Bob Jain Credit Suisse can agree - those with low credit scores tend to be those who make payments later than their due dates. This might go without saying, especially for most bank customers, but it's easy to see why banks place emphasis on this. When someone makes payments on time, they are viewed as more dependable. As a result, their scores go up with each timely payment.

You should also know that credit card usage can impact your credit score in certain ways. For example, you might be out holiday shopping, which is where most tend to go beyond their limits. When this is done to an excessive degree, it's easy to assume that your score will be negatively impacted by it, since you're not working within the limits given to you. This is yet another way to keep your score on a strong level, and Bob Jain can agree.

Applying for a new line of credit can hinder your score, too. Even though you might be tempted by a credit card offer from a store that you frequent, the positives do not always outweigh the potential negatives. This is especially true when you take interest rates into account, since you will have more of a payment to make on a regular basis. In order to keep your score from going down, be mindful of the credit lines you apply for.

What about your other financial responsibilities that have been left unchecked? You do not want to ignore the debts that you have - these include unpaid bank statements, parking tickets, and the like - since doing so can result in a reduction of your credit score. As a result, it'll be even tougher for you to apply for a loan or an even better card. Instead of ignoring these issues, as if they aren't present, figure out ways to correct them. You're not without solutions.

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Questions About Opening Credit Cards, With Robert Jain

By Paul Martinez

One of the biggest financial moves that a person make, especially if they're young, is opening a credit card. This is one of the most important steps that someone can make in their life, since it can illustrate a sense of responsibility on their end. With that said, it's important to note that new customers will have questions, which is why a learning experience will be needed. For this reason, here are some of the most common questions you might want to bring up, courtesy of Robert Jain.

"What types of perks does this card have?" If you want to talk about the best credit cards to apply for, you have to consider the perks they come with. Let's say that you're someone who has to travel often, whether it's for business or leisurely purposes. Frequent-flyer miles may be up your alley, meaning that cards featuring such a benefit will be recognized the most. Perks matter to customers, and the likes of Robert Jain can say the same.

"What should I know about interest?" One of the most important things to remember about interest rates is that they vary from one card to the next. In order to work around these rates, it's in your best interest to make full payments, as soon as possible. By doing so, you'll pay less interest, resulting in more money saved in the long term. Make sure that you ask the person helping you with application about this for further information.

"How can I build my credit score?" One of the biggest obstacles facing some applicants, according to companies like Robert Jain Credit Suisse, is the ability to build one's credit score. There are certain ways to go about this, though. To start off, as mentioned earlier, you should make full payments on time. It's also worth noting that spending too much money in a short period can hurt your score. Be more frugal, if you can.

If you keep these questions in mind, you will be able to use them when the time comes during credit card application. Chances are that you will be given clarification on the many aspects that a certain card entails, meaning that you won't be lost. However, you might still have a few queries you'd like to bring up. This is why it's in your best interest to speak up, so that you will be able to gain knowledge on the investment you'd like to make.

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Notable Credit Card Benefits, From Robert Jain

By Paul Martinez

If you are a credit card holder, you probably already know all about the perks many options come with. One of the main reasons why someone might apply for a card has to do with the long-term benefits they stand to earn from. Suffice it to say, there are more than a few that the average consumer might see as useful. Robert Jain can say the same, and the following talking points are worth recognizing for those who'd like to see customers in the future.

Frequent-Flyer Miles - When talking about common credit card benefits, this one pops up time and time again. Robert Jain can tell you all about frequent-flyer miles, and how they're able to save people tremendous amounts of money on travel. If you are planning a vacation or a trip to see family members, the miles in question can make matters cost-effective. Provided you are patient, as far as this practice is concerned, this will be nothing short of worthwhile.

Attraction Discounts - Maybe you'd like to use your credit card benefits for the sake of amusement or theme parks. Attraction discounts can prove to be useful, as reduced prices on tickets, parking, and the like are quite common. Even though rates will shift across different establishments, there's no denying the fact that this perk matters. Bob Jain, as well as other authorities, can tell you even more about them.

Security - Have you noticed a small, silver icon on your credit card? If so, you should know that this illustrates a chip that has been built into your credit card, the reason being that it can offer ample protection for the card in question. Whenever you pay for something at a store, all you have to do is slip the card inside of the machine, with the chip being fed into it. This is a great security measure, and it should give shoppers a greater peace of mind.

If you have been curious about credit card perks, understand that you're not limited to the choices covered earlier. While they might pique your interest, it's possible that other options might be on your mind as well. This is why you should take part in research, assessing what other cards might offer upon approval. By doing so, chances are that you will be able to make the finest decision, as far as your financial situation is concerned.

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For more financial details from Robert Jain Credit Suisse, please visit Bob Jain Credit Suisse today.