Are Retailers Like Curacao Helpful or Harmful to Arizona Consumer Credit Scores?

If you live in the Phoenix, Arizona area, you’re probably familiar with a retail chain called Curacao. This company offers furniture, household appliances, computers, jewelry, and a host of other items. If you’re new to Curacao, the first thing you’ll notice is that the retailer strongly encourages their customers to sign up for its branded credit card. A quick glance through the company’s website makes it clear that most of the Arizona consumers who shop with Curacao do so with credit. It’s also obvious this retail chain largely caters to the Hispanic community. On the Curacao website, most items that are over $50 have a “per month” price listed below the buying price. Shoppers can purchase big ticket items by making small monthly payments over time. Retailers like Curacao give Arizona consumers the opportunity to buy products that they are not able to afford outright. However, the stores also enable customers to build debt, default on payments, and eventually ruin their credit scores. Are the potential opportunities worth the risks? How Arizona Consumers Can Benefit from Using a Curacao Credit Card to Pay for Big Ticket Items over Time First, skeptical Arizonians realize that, if managed properly, credit cards can be used to build good credit scores. The Curacao credit card is fairly easy to obtain (even for consumers with less than perfect credit). Yet, those with bad credit who still qualify for Curacao credit may get a 35% APR. Credit cards issued to applicants with good credit come with a 20% interest rate. Higher credit card interest rates aren’t a problem if you pay off balances in full...

How Your Credit Report Can be Damaged Without Your Knowledge

Credit Reporting Agency Errors Credit reporting agencies are also capable of making mistakes that can harm a person’s credit. Such mistakes are made when the reporting agency retrieves the wrong information and passes it on to a lender. For instance, the lending institution may request information on a John Smith who lives in Los Angeles, California, but the reporting agency may accidentally deliver information about a John Smith who lives in New York City. Therefore, the person may subsequently be turned down for a loan or other financial arrangement based on the wrong information. If you suspect that your rights have been violated or that you are a victim of a credit error, Arizona Credit Lawyers can help. Contact us without delay to minimize your damages and prevent future problems. Published By: Arizona Credit Lawyers – Gary Nitzkin 3260 N. Hayden Road, Suite 210 Scottsdale, AZ 85251 Phone: 480-771-6001 / 480-771-6001 Email: info@azcreditlawyers.com Website:...

5 Steps Everyone Should Take To Protect Their Credit

Thieves phish for your information in several different ways. Whether it is through traditional mail, e-mail, or over the phone, be weary of anyone that you are not talking to face-to-face. Messages that they send may address you by name and look like they are really coming from your bank or favorite retail stores, but this is them showing how much information they already have on you. They might even send links to authentic-looking websites, but instead of using the link, navigate to the website the way in which you normally would, or stop by the bank or store at your soonest convenience. Step 5. Be careful online. Besides online passwords and fraudulent e-mails, you also have to be careful with the way you shop online. Online shopping becomes more and more popular every year because of its instant access, variety, and price comparisons, but even some legitimate sites are not doing enough to protect your information. A trustworthy website should encrypt your information (companies with a URL beginning with “https” and/or has a padlock icon next to it, indicates it has security measures in place). Also, try to avoid public wi-fi when making purchases or monitoring your accounts. Consult an Arizona Credit Lawyer to learn more about protecting your credit and to help resolve issues that show up on your credit report. Contact us today! Published By: Arizona Credit Lawyers – Gary Nitzkin 3260 N. Hayden Road, Suite 210 Scottsdale, AZ 85251 Phone: 480-771-6001 / 480-771-6001 Email: info@azcreditlawyers.com Website:...