Personal Finance Buzz

One of the common pieces of advice given to those who want to build their credit history is to get a credit card. This is because credit cards are well-known for being a fast way to build a credit history. But why are credit cards so influential when it comes to your credit history? There are a number of reasons that credit cards are such a big part of your credit score:

Shelly writes that she and her husband have been working hard to pay down balances on their credit cards and have made great progress. She is wondering if they now look like they have too much available credit and if they should close down some credit cards and/or ask the lenders to lower their credit lines.

If you want to learn a little bit more about credit cards -- or just test your knowledge -- you can take our credit card quizzes. Learn more about the basics of credit cards, understanding how they work and how they affect your credit.

Read more: http://www.creditcardscanada.ca/blog/credit-card-tips/what-do-you-know-a...

We all know that Halloween is a time for spooky fun. Unfortunately, the goosebumps inspired by many aspects of credit cards are far from good-natured. While credit cards, used wisely, can be great financial tools, there is also a dark side. A dark, scary side.