We all have and use credit cards, but very few people actually know about the terms and practices of the cards they hold and about debt in general.  In today’s economy, it helps to have information, especially the right facts about the cards in your wallet or purse and the debt you have.  The reality is that not every card treats you equally, and creditors and credit bureaus have specific practices to which they adhere.  You could save a lot of money simply by knowing a little bit of information.

There are several websites that provide such information, but none does it better than Credit Card Rates, which offers detailed answers from experts.  Its Immediate Credit Care Service invites questions from visitors, offering some comfort in the fact that “[y]our questions are our work” and reassuring you that “[p]robably the answer to your question is already in our database.” 

There are various questions and answers to search through, and it certainly is possible that an answer to any question you have may have, indeed, been posted.  The information (both in the questions and in the answers from experts) relates to typical inquiries we all have about credit cards and debt in general.   

For example, one user asked, “How long does something remain on your credit report after satisfying the debt?”  This is an important question for a lot of individuals because, when applying for credit, you want to know what is affecting your credit score and whether paying off some bad debt not too long before you apply will have any positive effect at all.  An expert responded, ”[D]epending on the type of debt, negative credit history can remain on your credit report up to 10 years, sometimes even longer than that. . . . Be patient and make an effort, and you will see your credit rating improving over time.”

Another user inquired about how to build good credit: “I am really interested in building my credit.  Someone told me the easiest and best way to do so is by buying a new car and making payments on time.  Is this true?  If not what steps can I take to get my credit score to excellent?  I currently have very little credit.”  Like this reader, I remember when I was younger and had graduated from high school, and I wanted to have good credit.  The problem was that, without owning a car or a house, I didn’t know how to build a good credit history.  It was like a Catch 22.  

The answer to this reader’s question was insightful and helpful: “[T]here is no better way of building your credit . . . than pay[ing] off your current balance regularly in full and on time.  If you are just starting your credit history, it is natural that your credit score is not that high as you would like.  It takes years to build a really good credit history.”  The response pointed the reader towards specific credit cards to apply for but emphasized ”that the key is to always pay in full and on time, preferably making more than just minimum monthly payments and never exceed the limit on your credit card.”  Advice like that is very rarely taken to heart.             

Immediate Credit Care Service offers many enlightening pieces of information via these questions and answers.  It also caters well to the average credit card customer because the questions asked typically permeate the minds of many consumers. 

The only helpful criticism I would offer is the need for additional proofreading.  Some of the answers have very minor spelling and/or grammatical mistakes.  I have no problem attributing them to the website’s fast response time, but perfection in grammar goes a long way.  The information provided is priceless.  Combine that with cleaning up any spelling or grammatical errors, and the the website will appear even more professional. 

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