Joshua Heckathorn

Home / Author / Joshua Heckathorn
Joshua Heckathorn's picture
Joshua Heckathorn

Joshua Heckathorn was President of Creditnet, is a credit expert and has been featured on CNNMoney, FOX Business, Yahoo Finance, The Street, and many other national publications during the past ten years.  He received a Bachelor of Science in Management (Finance) from Brigham Young University's Marriott School of Business and earned his MBA from Seattle University.

Visit 's Google Plus profile for more.

Recent Blogs

Why Your First Credit Card Shouldn't Have An Annual Fee

Next to payment history and your credit utilization ratio, "length of credit history" is the most important factor in determining your FICO credit scores.  In fact, it accounts for approximately 15% of your overall credit score, so it's definitely something you can't ignore. So what does this have to do with choosing your first credit card?  A lot!   You see, your length of credit history is primarily determined by the amount of time that's passed since your first credit card was opened, which means you want to keep your very first credit card open for as long as possible. That may sound easy in theory, but it's actually quite difficult for many credit card users.

AMEX Prepaid Increases Gift Card Bonus to $25

A few weeks ago I wrote about Amex giving away $10 complimentary gift cards to cardholders who signed up for a new Amex Prepaid Card in July and loaded it with $50. Well, we recently received word that Amex has just upped the ante in August for those who are willing to load their new prepaid card with $200 at the time of order. Here's how the new deal works:

Credit Card Rewards: Are They Taxable?

We've seen some great credit card sign-up bonuses hit the market so far this year. In fact, some have been worth more than $500 to new cardholders.  Hopefully you've been able to take advantage of at least one and are expecting either a big cash back check or a free holiday vacation using all the rewards points you've banked. If you are expecting a large cash back check from your credit card company, you may also be wondering if Uncle Sam will want his piece of it next tax season too.  After all, if there's anything the government claims it needs more of these days, it would be tax revenues!  So, does the IRS actually consider your credit card rewards to be taxable income?

Why Credit Card Protection Plans Aren't Worth Jack Squat

Many credit issuers really push the sale of credit card protection plans on their customers.  Why?  Because they're extremely beneficial to the credit card companies' bottom lines. These plans basically claim they will help guard against an unexpected illness or job loss by paying off your credit card balance for you.  However, while the marketing spiel may sound good to your ears, the reality is that they are expensive and provide little value in return for most cardholders.

How to Rebuild Credit With Secured Credit Cards

The best thing anyone with bad credit can do to improve their credit scores is focus on building positive payment history.   In fact, payment history accounts for the largest percentage of your overall FICO score, about 35 percent, so its importance can't be ignored. Build recent positive payment history on your credit reports, and the old negative marks will have less of an impact on your scores. It's that simple. Unfortunately, if you have bad credit, there's a good chance you've had payment issues of some sort in the past.  Late pays, charge offs, and collections on your credit reports are all ultimate credit score killers!   But if you're reading this post, then I'll assume you're ready to put your past mistakes behind you and make a change for the better.  And that process begins with making timely payments and building positive payment history as fast as possible.

Pages