Archive for June, 2008

Does a ‘Denied’ credit inquiry do the same as an ‘Approved’ one?

When applying for credit, you want as few inquiries as possible, but interestingly enough: “Ironically, your credit score will likely be more damaged if you’re approved for the account than if you’re denied. If you are approved, you’ll have the damaging hard inquiry plus some damage in the credit age category resulting from having a [...]

Saving money on gas: Pay less if you pay with cash

Gas selling for about $4 a gallon translates into credit-card fees of about 10 cents a gallon, cutting, or altogether eliminating, any profit for stations, which typically mark up gas about 11 to 12 cents a gallon.
“It is a problem,” said Saad, whose family runs Two Brothers Distributing and 13 Valero and am/pm ARCO gas [...]