Home Improvements Made on Credit

If you are currently working on some home improvement projects or surprising your better half with new appliances as a Christmas gift, one way to save a considerable amount of money during the holiday season or even throughout the year is to apply for a Lowe’s Credit Card. Lowe’s is one of the largest home improvement retailers in the US and they frequently offer credit card deals that can be too good to pass up.

Many retailers offer their own branded credit card as a way to get consumers to buy through credit and capitalize on this multi-billion dollar market. Often times, with introductory offers too good to pass up, if you are a disciplined consumer and well versed at paying your credit bills on time you can save hundreds of dollars depending on what you purchase. The Lowe’s Credit Card is a way to save your hard earned cash and still get a good deal.

Home improvement retailers are big businesses and it’s no wonder they too are cashing in on the credit market. It’s good business as they win customers who may have been inclined to shop elsewhere for appliances and other home improvement products at marked down prices. The Lowe’s Card can offer initial purchase savings as well as same-as-cash options for upwards of six months to a year if paid off by the end of the term.

Be careful though, as many retailers through in that you must make a minimum monthly payment to stay within the terms of the same-as-cash credit offer. Others however, will give you the entire length of the deal to make a lump sum cash payment before the end of the term, but these deal are becoming harder to find.

If you’re a savvy consumer and good at reading the fine print, you can save significantly by applying for a Lowe’s Card when you are purchasing for that next big home improvement project.

Mortgage Loan: 3 Smart Credit Card Tips For Homeowners

Most Americans are coming to grip with the fact that we are living in a new credit restricted society. Thus, it only makes sense that we should try to exercise more care as regards handling our credit profiles especially for mortgage loan applicants.

Experts strongly recommend these 3 suggestions for proven credit improvement that will only help you when applying for a home mortgage, auto loan or new credit card:

1. Your Credit Report Must Be Checked On a Regular Basis –

One of the most important reasons for keeping close tabs on your credit score is to make sure there are no errors being reported.

Keep in mind that your credit report can either provide you with the things you want and need while saving you large amounts of money on home loan or auto interest rates.

Or as many consumers have found out it can cost you substantially if things are not in order.

One thing to keep in mind is that Federal laws allow you to order a free copy of your credit report from each major credit bureau every twelve months.

Once you receive your reports in the mail, carefully go over every entry in your credit profile and if you find any type of errors proceed to dispute them immediately.

2. Consider Opting Out Of Pre-screened Credit Card Offers –

First of all, you really don’t need numerous offers stacking up in your mail.

Then when you want a new credit card, you can do your own shopping on your own terms.

Do not make the mistake of thinking that just because you receive any type of credit card offer in the mail that you have been approved for the best rates and terms.

The standard procedure for any credit card approval requires a credit check on your credit profile to see if you qualify.

In the event your credit has taken a turn for the worse after you receive such an offer, you will most likely be offered less than favorable terms or your application or it may be declined altogether.

You can also opt-out of receiving credit card and insurance offers for up to five years or permanently with a mail-in form online.

3. If You Have Numerous Credit Cards That Have Been Put Away, Get Them Out –

New rules that took effect in August 2010 will now get rid of inactivity fees for credit cards not being used.

That being said, keep in mind that unused cards are targets for account closure or reduced limits which could have a negative impact on your credit score.

This can be avoided by using those credit cards at least once every 90 days.

Now you can keep those extra cards for emergencies or to switch out if another card rate goes up or is closed.