Easy Approval Credit Card: Sign up in minutes, Get approved fast
Hi, my name is Essa Shomali,
I was once looking for credit cards all over the internet,
I had good credit and I wanted to get approved very fast,
but most of the websites i tried usually turned me down
(despite the fact of my good credit)
or it would take months for me to get approved!
so, i took a few months out of my time to study about Credit cards
and how the credit card companies work,
and i have distributed my own website.
I now know the secrets of how these companies work
and i have come up with a way for you to get Approved Fast and Easy!
It takes minutes to sign up for a credit card,
and Approval is faster than you will think!
I am currently working with credit card companies
to understand even more and developing my website
so you can view it a lot easier than other credit card websites.
you can even get approved even if you have bad credit!
Thank you for your time, and I hope
to see people partake in this for i believe
this will help you make your credit card problem a lot easier!
Best Regards, Essa Shomali, Chairman of Easy Approval Card Co.
วันศุกร์ที่ 30 ตุลาคม พ.ศ. 2552
วันพุธที่ 28 ตุลาคม พ.ศ. 2552
Credit Card Debt Relief - Finding Solutions to Free Yourself From Credit Card Liabilities
Credit Card Debt Relief - Finding Solutions to Free Yourself From Credit Card Liabilities
Accrued bills of a credit card can be blamed for the user's incapability to control his spending. Most card holders who are used to this kind of payment method don't think of their spending until they have reached the maximum limit. Using your card up to its limit may seem so very easy and convenient but paying for it would be another thing.
Before, all debts have to be paid under certain terms and conditions but due to the economic slump, there were significant changes involving paying debts. Financial institution like banks and lending companies are facing awful financial situation and have no other options but to negotiate with their clients with payment conditions.
Kind payment terms offered by banks to their clients are referred to as debt relief. Customers where actually reached by the financial institutions after the discussion and consultation between funding institutions and settlement specialists. Financial firms propose lower payments for the clients to pay since there is a need for immediate cash. Lending companies relies with cash so instead of asking for the whole amount to be paid in a long term basis, they have considered to offer clients to pay lower amount but to be paid sooner which is more likely.
A relief company is usually being hired by a client as a start in order to make the settlement process in order and make sure that efficient communication with the bank will be carried out. Every time discussions take place, have a record of the minutes of the dialogues.
Relief firm should be careful not to soften or get confused during the discussion because once the financial institution sees this; they might come up with an argument to charge the client higher. The main purpose of the discussions is to convince the bank to give the lowest possible rate. Relief or settlement firms guarantees positive results but it would be better to limit your expectations not to get very disappointed.
A credit card debt relief is a great option for the loaner to pay his debts without compromising his assets to pay the whole amount of the loan and put an end to his nightmare. Credit card holders should look into their spending so that they will not be facing financial troubles regarding their credit card debts in the future. Meanwhile, with the recession we are experiencing, being a debtor has an advantage with the situation.
Accrued bills of a credit card can be blamed for the user's incapability to control his spending. Most card holders who are used to this kind of payment method don't think of their spending until they have reached the maximum limit. Using your card up to its limit may seem so very easy and convenient but paying for it would be another thing.
Before, all debts have to be paid under certain terms and conditions but due to the economic slump, there were significant changes involving paying debts. Financial institution like banks and lending companies are facing awful financial situation and have no other options but to negotiate with their clients with payment conditions.
Kind payment terms offered by banks to their clients are referred to as debt relief. Customers where actually reached by the financial institutions after the discussion and consultation between funding institutions and settlement specialists. Financial firms propose lower payments for the clients to pay since there is a need for immediate cash. Lending companies relies with cash so instead of asking for the whole amount to be paid in a long term basis, they have considered to offer clients to pay lower amount but to be paid sooner which is more likely.
A relief company is usually being hired by a client as a start in order to make the settlement process in order and make sure that efficient communication with the bank will be carried out. Every time discussions take place, have a record of the minutes of the dialogues.
Relief firm should be careful not to soften or get confused during the discussion because once the financial institution sees this; they might come up with an argument to charge the client higher. The main purpose of the discussions is to convince the bank to give the lowest possible rate. Relief or settlement firms guarantees positive results but it would be better to limit your expectations not to get very disappointed.
A credit card debt relief is a great option for the loaner to pay his debts without compromising his assets to pay the whole amount of the loan and put an end to his nightmare. Credit card holders should look into their spending so that they will not be facing financial troubles regarding their credit card debts in the future. Meanwhile, with the recession we are experiencing, being a debtor has an advantage with the situation.
Credit Card Fraud Punishment Can Range From A Slap On The Wrist To Incarceration
Credit Card Fraud Punishment Can Range From A Slap On The Wrist To Incarceration
There are a number of factors that determine what a credit card fraud punishment is going to be. The state where the offense occurred, the person's previous history of credit card fraud, and the amount of money involved are all contributing factors. But what is credit card fraud? Let's take a look at a few examples
Basically, anytime a credit card is used by anyone other than an authorized user with out their knowledge and permission, its considered fraud. So someone using stolen credit card numbers, a kid using his parents card without permission, or using a stolen card are all examples of fraud.
The various states have different laws pertaining to credit card fraud, so depending on which state the crime was committed, there are different punishments. Not only that, but the punishment will depend on if the internet was used, or if the postal service was used.
If the person committing the crime has been involved and committed other crimes, they will most likely be dealt with more severely than someone who is committing their first offense. A first timer can expect to receive fines and community service, whereas the latter may expect jail or prison time.
The money involved may also have somewhat of an influence on the sentence received. A first timer that only makes one purchase with a stolen card or numbers will obviously not be dealt with as harshly as someone that steals or uses multiple cards and numbers to make a multitude of purchases.
Basically, the four types of punishment that can be expected in varying degrees from credit card fraud are as follows: monetary fees and fines, community service, probation, and incarceration.
It goes without saying that persons who commit these types of crimes are not likely to find sympathy among the victims, including card owners, merchants, and card companies. They would be the first to likely applaud any credit card fraud punishment such a perpetrator would receive.
There are a number of factors that determine what a credit card fraud punishment is going to be. The state where the offense occurred, the person's previous history of credit card fraud, and the amount of money involved are all contributing factors. But what is credit card fraud? Let's take a look at a few examples
Basically, anytime a credit card is used by anyone other than an authorized user with out their knowledge and permission, its considered fraud. So someone using stolen credit card numbers, a kid using his parents card without permission, or using a stolen card are all examples of fraud.
The various states have different laws pertaining to credit card fraud, so depending on which state the crime was committed, there are different punishments. Not only that, but the punishment will depend on if the internet was used, or if the postal service was used.
If the person committing the crime has been involved and committed other crimes, they will most likely be dealt with more severely than someone who is committing their first offense. A first timer can expect to receive fines and community service, whereas the latter may expect jail or prison time.
The money involved may also have somewhat of an influence on the sentence received. A first timer that only makes one purchase with a stolen card or numbers will obviously not be dealt with as harshly as someone that steals or uses multiple cards and numbers to make a multitude of purchases.
Basically, the four types of punishment that can be expected in varying degrees from credit card fraud are as follows: monetary fees and fines, community service, probation, and incarceration.
It goes without saying that persons who commit these types of crimes are not likely to find sympathy among the victims, including card owners, merchants, and card companies. They would be the first to likely applaud any credit card fraud punishment such a perpetrator would receive.
Financing With Business Credit Cards
Financing With Business Credit Cards
You've heard the saying, "You've got to spend money to make money!" This couldn't be more true, especially in business. If you want to grow your business, you're going to need a source of funds and access to cash flow - particularly when things are moving slowly. At one time, owners of businesses had to get business credit against the things that they owned personally and based on their personal credit score. This is a major liability because if your business doesn't make it, you could lose your personal assets, too! Thankfully, there are now ways to obtain business credit that is not just an extension of what you owe personally. If you set the business up as an official entity- separate from yourself, you can apply for various business funding, including loans or credit cards. When a business is just starting out, it hasn't had the opportunity to establish it's own credit rating yet and so lenders will have to use your personal credit report to determine the level of risk in lending to a business you own. What happens if your personal credit score is not-so-good? You can take some steps to increase your chances of getting a business credit card (or some other form of business funding) by doing the following: Take steps to increase your personal score. Before you go any further looking for business credit cards or other sources of funding, do you know what your score is? Is your credit score below 640? If it is, it is recommended that you attempt to increase the score first. Often, making all of your payments on time for 3 consecutive months will pull your score up 2 to 4 points. Check with a financial advisor for some ways of increasing your credit score as it will only serve to help you personally as well as in business. Create an LLC or Corporation. This type of business structure automatically means the business is separate, and not just an extension of you. If you are operating a business under your name, and have not filed any official paperwork with the government or with lawyers and accountants- your business finances are no different than your personal finances. Have a physical address. Believe it or not, using a PO Box can hinder your ability to get a business credit card or loan! If you operate out of your home, you might consider getting a business mailbox from Mailboxes Etc, or UPS, as both offer a physical mailing address rather than a PO Box. Having a business phone line also will increase the way the business is looked at by lenders, and ensures the business is reachable. If you are still unable to obtain business credit cards or financing on your first try, perhaps you know someone with a strong credit rating who would be willing to co-sign an application for you. You may not be able to have a business application for credit co-signed, but you can as an individual. Get a credit card in your name and then use it only for the business. Be sure to make the payments on time, and keep the balance manageable. Over time, you'll build up your personal credit score, which is seen as a boost for the business validity- and eventually you'll be able to obtain funding and credit cards under the business name. Getting business credit cards and financing is a necessity that all businesses will face from time to time. There is a need for cash flow in order to grow and increase the business. With some careful planning and preparation, most businesses will be approved for a business credit card even if the owner has personal credit that is slightly less-than-perfect.
You've heard the saying, "You've got to spend money to make money!" This couldn't be more true, especially in business. If you want to grow your business, you're going to need a source of funds and access to cash flow - particularly when things are moving slowly. At one time, owners of businesses had to get business credit against the things that they owned personally and based on their personal credit score. This is a major liability because if your business doesn't make it, you could lose your personal assets, too! Thankfully, there are now ways to obtain business credit that is not just an extension of what you owe personally. If you set the business up as an official entity- separate from yourself, you can apply for various business funding, including loans or credit cards. When a business is just starting out, it hasn't had the opportunity to establish it's own credit rating yet and so lenders will have to use your personal credit report to determine the level of risk in lending to a business you own. What happens if your personal credit score is not-so-good? You can take some steps to increase your chances of getting a business credit card (or some other form of business funding) by doing the following: Take steps to increase your personal score. Before you go any further looking for business credit cards or other sources of funding, do you know what your score is? Is your credit score below 640? If it is, it is recommended that you attempt to increase the score first. Often, making all of your payments on time for 3 consecutive months will pull your score up 2 to 4 points. Check with a financial advisor for some ways of increasing your credit score as it will only serve to help you personally as well as in business. Create an LLC or Corporation. This type of business structure automatically means the business is separate, and not just an extension of you. If you are operating a business under your name, and have not filed any official paperwork with the government or with lawyers and accountants- your business finances are no different than your personal finances. Have a physical address. Believe it or not, using a PO Box can hinder your ability to get a business credit card or loan! If you operate out of your home, you might consider getting a business mailbox from Mailboxes Etc, or UPS, as both offer a physical mailing address rather than a PO Box. Having a business phone line also will increase the way the business is looked at by lenders, and ensures the business is reachable. If you are still unable to obtain business credit cards or financing on your first try, perhaps you know someone with a strong credit rating who would be willing to co-sign an application for you. You may not be able to have a business application for credit co-signed, but you can as an individual. Get a credit card in your name and then use it only for the business. Be sure to make the payments on time, and keep the balance manageable. Over time, you'll build up your personal credit score, which is seen as a boost for the business validity- and eventually you'll be able to obtain funding and credit cards under the business name. Getting business credit cards and financing is a necessity that all businesses will face from time to time. There is a need for cash flow in order to grow and increase the business. With some careful planning and preparation, most businesses will be approved for a business credit card even if the owner has personal credit that is slightly less-than-perfect.
วันจันทร์ที่ 26 ตุลาคม พ.ศ. 2552
Merchant Services Credit Card Processing
Merchant Services Credit Card Processing
Insofar as choosing a good merchant processor, all are not created equal. Having been around the block several times on this issue, and doing business with a host of different types of merchant processing companies,. I have come to the conclusion that most are dishonest if not outright liars. Many times this is the case simply because many of these larger companies are based on an antiquated and outmoded business model.
This outmoded model not only puts the customer in a precarious position, but also tends to alienate, dissociate, and generally make unhappy customers.
I had almost had enough of merchant processing companies, and was ready to throw in the towel. I was tired of being promised free terminals, and other assorted fake bait to get me to go with their company.
I noticed that none of these companies had ever provided me with any type of tangible incentive to go with them either. Being quite an un-trusting consumer myself, I decided to deeply investigate the different rates and offers, all the different major player companies, and do some heavy and sustained research on what companies were offering and which plans did what and so on.
The company that came out on top is called First Data Independent Services or FDIS. If you are looking for a fast and easy merchant account or credit card processing terminal they are clearly the people to call. With an unbeatable affiliate program, you can offset your costs even to the point of negating your own merchant bill altogether!
"Every month I get a check from first data that helps me dramatically offset my own costs. I don't know of any other business in the merchant processing arena that offers this type of service."
Insofar as choosing a good merchant processor, all are not created equal. Having been around the block several times on this issue, and doing business with a host of different types of merchant processing companies,. I have come to the conclusion that most are dishonest if not outright liars. Many times this is the case simply because many of these larger companies are based on an antiquated and outmoded business model.
This outmoded model not only puts the customer in a precarious position, but also tends to alienate, dissociate, and generally make unhappy customers.
I had almost had enough of merchant processing companies, and was ready to throw in the towel. I was tired of being promised free terminals, and other assorted fake bait to get me to go with their company.
I noticed that none of these companies had ever provided me with any type of tangible incentive to go with them either. Being quite an un-trusting consumer myself, I decided to deeply investigate the different rates and offers, all the different major player companies, and do some heavy and sustained research on what companies were offering and which plans did what and so on.
The company that came out on top is called First Data Independent Services or FDIS. If you are looking for a fast and easy merchant account or credit card processing terminal they are clearly the people to call. With an unbeatable affiliate program, you can offset your costs even to the point of negating your own merchant bill altogether!
"Every month I get a check from first data that helps me dramatically offset my own costs. I don't know of any other business in the merchant processing arena that offers this type of service."
วันศุกร์ที่ 23 ตุลาคม พ.ศ. 2552
Best Credit Card For You - Choosing the Best Offer
Best Credit Card For You - Choosing the Best Offer
Are you trying to decide how to choose the best credit card for you personally? Most people make the decision to own and use a credit card because having credit in this day and age is important if you hope to take out a loan on a large purchase or a mortgage on a home.
There are many draws to different brands of credit cards, from low APR and fraud liability to cash back rewards and air miles. There are many offers and benefits of using different cards, and companies know this and use it to draw customers. Everyone spends in different ways, and it is important to find the right card to serve your needs the best.
The types of offers you may be qualified for is often determined by your current credit. People with good credit will find they receive a lot of mail offering them this deal or that with a new credit card. Know your credit score to see what deals you are qualified for. Unfortunately, those with poor or no credit may not qualify for deals with beneficial perks. You can always improve your credit by making payments on time and not letting debt creep up on you. If your credit is very low to the point where you cannot fix it yourself, a credit repair company can help you get back on your financial feet. While your credit is being repaired, use other means to make purchases and once the process is complete, you will have your pick of some of the best deals available today so you can find the best credit card for you.
Pay attention to the way you shop. If you tend to get a lot of shopping done in one particular store, look for an offer that sends you gift certificates to the stores you frequent the most. This will help you greatly in finding the best credit card for you. Next, be aware of the overall lifestyle you live. If you enjoy traveling or you go away on business trips regularly, keep your eye open for cards that offer frequent flyer miles.
Are you trying to decide how to choose the best credit card for you personally? Most people make the decision to own and use a credit card because having credit in this day and age is important if you hope to take out a loan on a large purchase or a mortgage on a home.
There are many draws to different brands of credit cards, from low APR and fraud liability to cash back rewards and air miles. There are many offers and benefits of using different cards, and companies know this and use it to draw customers. Everyone spends in different ways, and it is important to find the right card to serve your needs the best.
The types of offers you may be qualified for is often determined by your current credit. People with good credit will find they receive a lot of mail offering them this deal or that with a new credit card. Know your credit score to see what deals you are qualified for. Unfortunately, those with poor or no credit may not qualify for deals with beneficial perks. You can always improve your credit by making payments on time and not letting debt creep up on you. If your credit is very low to the point where you cannot fix it yourself, a credit repair company can help you get back on your financial feet. While your credit is being repaired, use other means to make purchases and once the process is complete, you will have your pick of some of the best deals available today so you can find the best credit card for you.
Pay attention to the way you shop. If you tend to get a lot of shopping done in one particular store, look for an offer that sends you gift certificates to the stores you frequent the most. This will help you greatly in finding the best credit card for you. Next, be aware of the overall lifestyle you live. If you enjoy traveling or you go away on business trips regularly, keep your eye open for cards that offer frequent flyer miles.
Credit Card Debt Consolidation - Is It Truly Effective?
Credit Card Debt Consolidation - Is It Truly Effective?
Credit cards have replaced dogs as a person's best friend. They are easy to get, reliable, flexible, easy to carry... what else can I say in their favour? One of the best financial inventions of all times, and certainly the most popular by far. But you know what they say, easy come, easy go. It is a piece of cake to get caught up in the excitement of a shopping spree and overspend. What is uglier than credit card overspending? You got it, credit card debt.
So you are up to your neck deep in debt and you are dying for a way out of it. Two little words took shape in your mind... debt consolidation. You conduct a research and it certainly looks promising, this begins to seem like your only choice. But before you take a decision, why not take a look at this article? Here we will discuss whether credit card debt consolidation truly is the answer to your problems. So... is it effective? Read on to find out.
The Good
Consolidating your credit card debt can be a wise move if done properly. You will be able to get rid of the high interest rate and replace it with a much better deal. But it has to be performed carefully and only if the final outcome will be beneficial for you, because otherwise you could end up in a worse situation than the one you were originally in. Another good idea is to apply for a consolidation loan. Usually, using the equity on your home to pay off your debt is a the best way to go. Equity loans usually carry very low interest rates and the interest you do pay happens to be deductible. If you have many different Credit cards, you will no longer be paying each of their interest rates, but only one, and a lower one at that.
The Bad And The Ugly
Debt consolidation on credit cards is a true help for most. But as with most things, it does have a downside.
Getting a 0% card will obviously be your first choice, but if you have bad credit (I presume that if you are deep in debt, this must be your case), it might be difficult to get approved for one. Be careful when choosing this card, because the promotional rates are just that, promotional, they only last a few months and then shoot up. You would not want to end up with a higher interest rate than the one you previously had, now would you? These things should be carefully taken into consideration. Being a responsible payer is very important when it comes to credit card debt consolidation and the new chosen lower rates, as payments needs to be carried out timely each month, otherwise penalty fees will apply, and they tend to be very pricy.
If you decide that consolidating your credit card debt is the right way to go, always choose a reputable agency. It is a good idea to explore the online world as you will be able to perform comparisons easily. Take your time to research each of agency carefully. Never let cheap advertisement temp you as what seems too good to be true usually is.
Credit cards have replaced dogs as a person's best friend. They are easy to get, reliable, flexible, easy to carry... what else can I say in their favour? One of the best financial inventions of all times, and certainly the most popular by far. But you know what they say, easy come, easy go. It is a piece of cake to get caught up in the excitement of a shopping spree and overspend. What is uglier than credit card overspending? You got it, credit card debt.
So you are up to your neck deep in debt and you are dying for a way out of it. Two little words took shape in your mind... debt consolidation. You conduct a research and it certainly looks promising, this begins to seem like your only choice. But before you take a decision, why not take a look at this article? Here we will discuss whether credit card debt consolidation truly is the answer to your problems. So... is it effective? Read on to find out.
The Good
Consolidating your credit card debt can be a wise move if done properly. You will be able to get rid of the high interest rate and replace it with a much better deal. But it has to be performed carefully and only if the final outcome will be beneficial for you, because otherwise you could end up in a worse situation than the one you were originally in. Another good idea is to apply for a consolidation loan. Usually, using the equity on your home to pay off your debt is a the best way to go. Equity loans usually carry very low interest rates and the interest you do pay happens to be deductible. If you have many different Credit cards, you will no longer be paying each of their interest rates, but only one, and a lower one at that.
The Bad And The Ugly
Debt consolidation on credit cards is a true help for most. But as with most things, it does have a downside.
Getting a 0% card will obviously be your first choice, but if you have bad credit (I presume that if you are deep in debt, this must be your case), it might be difficult to get approved for one. Be careful when choosing this card, because the promotional rates are just that, promotional, they only last a few months and then shoot up. You would not want to end up with a higher interest rate than the one you previously had, now would you? These things should be carefully taken into consideration. Being a responsible payer is very important when it comes to credit card debt consolidation and the new chosen lower rates, as payments needs to be carried out timely each month, otherwise penalty fees will apply, and they tend to be very pricy.
If you decide that consolidating your credit card debt is the right way to go, always choose a reputable agency. It is a good idea to explore the online world as you will be able to perform comparisons easily. Take your time to research each of agency carefully. Never let cheap advertisement temp you as what seems too good to be true usually is.
Credit Card Debt Consolidation Explained
Credit Card Debt Consolidation Explained
Credit cards are immensely popular all around the world. There is not a single person who has not heard of them or owns at least one. The reason for this increasing fame is their versatility. They make our lives easier in many ways. But as wonderful as they might be, they also have their drawbacks. Many carry high interest rates, pricy penalty fees, among other things. All that glitters is not gold.
If you have been a credit card fan for some time now, and you have fallen deep in debt due to spending without measure, then you are in trouble. Chances are you have many different credit cards, each of them probably charges you exorbitant interest rates. If that is your case, then this is the article for you. Here we will explain the basics of credit card debt consolidation, read on and find out how it goes!
So What IS Debt Consolidation?
When you take out a loan to pay off many other loans, or any form of debt, you are consolidating. This practice has the purpose of securing lower interest rates, fixed interest rates, or to conveniently transform a number of monthly payments into only one. If we are talking about consolidating credit card debt, the you would use the loan money to pay off the remaining debt (which can belong to one credit card or more) and begin repaying the loan in return.
Benefits And Advantages
Credit card interest rates con go up to 25% at times, which is awfully high. It is incredibly frustrating to see your debt increasing mainly due to interests. Consolidation has brought relief to many people. As the debt related to your credit cards is often an unsecured debt, what you can do is take a secured loan pledging your house as a collateral. A home equity loan, for example. These types of loan carry low interest rates, which translates into huge savings for you and your family. Along with peace of mind. What is more, this interest can be deducted!
Another great feature of debt consolidation which is not really taken into account is that it helps you to organize your finances. If you had 5 different payments because of your 5 credit cards, all with a different interest rate associated, and you consolidate into one payment, chances are you will find it a lot easier to put your finances in order. Saving opportunities will be easily spotted and a budget will be effortlessly planned out.
Worries And Concerns
You should only consolidate your debt if it presents future benefits to your financial situation. If it will not bring about savings or economical relief, it will not be worth the trouble. Also, if you decide to replace your unsecured debt with a secured one, bear in mind that if you fail to repay it, you will be risking the safety of your asset, facing foreclosure or repossession.
Other Options
If you are still not sure whether consolidating is the answer to your problems, let me tell you that there are other options out there. Debt negotiation or settlement is a possibility. Discussing a payment plan is another solution. Otherwise, you can try out transferring your credit card balances into other credit cards with different terms. You name it.
Credit cards are immensely popular all around the world. There is not a single person who has not heard of them or owns at least one. The reason for this increasing fame is their versatility. They make our lives easier in many ways. But as wonderful as they might be, they also have their drawbacks. Many carry high interest rates, pricy penalty fees, among other things. All that glitters is not gold.
If you have been a credit card fan for some time now, and you have fallen deep in debt due to spending without measure, then you are in trouble. Chances are you have many different credit cards, each of them probably charges you exorbitant interest rates. If that is your case, then this is the article for you. Here we will explain the basics of credit card debt consolidation, read on and find out how it goes!
So What IS Debt Consolidation?
When you take out a loan to pay off many other loans, or any form of debt, you are consolidating. This practice has the purpose of securing lower interest rates, fixed interest rates, or to conveniently transform a number of monthly payments into only one. If we are talking about consolidating credit card debt, the you would use the loan money to pay off the remaining debt (which can belong to one credit card or more) and begin repaying the loan in return.
Benefits And Advantages
Credit card interest rates con go up to 25% at times, which is awfully high. It is incredibly frustrating to see your debt increasing mainly due to interests. Consolidation has brought relief to many people. As the debt related to your credit cards is often an unsecured debt, what you can do is take a secured loan pledging your house as a collateral. A home equity loan, for example. These types of loan carry low interest rates, which translates into huge savings for you and your family. Along with peace of mind. What is more, this interest can be deducted!
Another great feature of debt consolidation which is not really taken into account is that it helps you to organize your finances. If you had 5 different payments because of your 5 credit cards, all with a different interest rate associated, and you consolidate into one payment, chances are you will find it a lot easier to put your finances in order. Saving opportunities will be easily spotted and a budget will be effortlessly planned out.
Worries And Concerns
You should only consolidate your debt if it presents future benefits to your financial situation. If it will not bring about savings or economical relief, it will not be worth the trouble. Also, if you decide to replace your unsecured debt with a secured one, bear in mind that if you fail to repay it, you will be risking the safety of your asset, facing foreclosure or repossession.
Other Options
If you are still not sure whether consolidating is the answer to your problems, let me tell you that there are other options out there. Debt negotiation or settlement is a possibility. Discussing a payment plan is another solution. Otherwise, you can try out transferring your credit card balances into other credit cards with different terms. You name it.
Prepaid Secured Credit Card - Teen Spending Solutions
Prepaid Secured Credit Card - Teen Spending Solutions
Every kid loves to have an allowance to spend. Sometimes, it might seem like a good idea to give a teen a credit card when they have bigger needs than their allowance can buy. However, trusting a teenager with your personal credit is not always a safe bet. If you want to give teens a chance to feel responsible and still be protected, consider using a prepaid secured credit card that allows them to only spend what you put on the card. This way, you can monitor their spending and make sure that they're developing good financial responsibility without hindering them or risking your own personal credit cards in the event of a slip up.
Parents shouldn't just assume that kids will be fine with cash and leave it at that. While this is effective enough, giving them the ability to use credit will help to teach them how to manage money and spend responsibly while also giving them a better sense that they are trusted because you are giving them a credit card. Since the prepaid secured credit card will run out of money if you don't put any on there, there is essentially no risk involved in this process. Many parents have chosen this option for their own teens for these reasons.
There are some cards out there that are specifically designed for the use of teen spending, and they come in all sizes and styles. You can find basic cards with credit limits of up to $500 as long as you put the money on the card, and then you can even find prepaid secured credit card choices that will let you put limitless amounts of money on the card so that you can choose exactly how much your teen needs at any given time. Being able to give teens more responsibility and teach them a little financial management in the process is all well worth the investment into a prepaid credit card.
A prepaid secured credit card might not be the right solution for your teen. However, for many parents, it's a relief to be able to give their teens more responsibility and not have to worry about giving them cash. Using prepaid cards can serve many different purposes, but one of the best ways to utilize them is for doling out allowances to your children. There is no limit to what you can find as long as you look, so check out prepaid cards for teens today.
Every kid loves to have an allowance to spend. Sometimes, it might seem like a good idea to give a teen a credit card when they have bigger needs than their allowance can buy. However, trusting a teenager with your personal credit is not always a safe bet. If you want to give teens a chance to feel responsible and still be protected, consider using a prepaid secured credit card that allows them to only spend what you put on the card. This way, you can monitor their spending and make sure that they're developing good financial responsibility without hindering them or risking your own personal credit cards in the event of a slip up.
Parents shouldn't just assume that kids will be fine with cash and leave it at that. While this is effective enough, giving them the ability to use credit will help to teach them how to manage money and spend responsibly while also giving them a better sense that they are trusted because you are giving them a credit card. Since the prepaid secured credit card will run out of money if you don't put any on there, there is essentially no risk involved in this process. Many parents have chosen this option for their own teens for these reasons.
There are some cards out there that are specifically designed for the use of teen spending, and they come in all sizes and styles. You can find basic cards with credit limits of up to $500 as long as you put the money on the card, and then you can even find prepaid secured credit card choices that will let you put limitless amounts of money on the card so that you can choose exactly how much your teen needs at any given time. Being able to give teens more responsibility and teach them a little financial management in the process is all well worth the investment into a prepaid credit card.
A prepaid secured credit card might not be the right solution for your teen. However, for many parents, it's a relief to be able to give their teens more responsibility and not have to worry about giving them cash. Using prepaid cards can serve many different purposes, but one of the best ways to utilize them is for doling out allowances to your children. There is no limit to what you can find as long as you look, so check out prepaid cards for teens today.
Is Credit Card Debt Negotiation for You?
Is Credit Card Debt Negotiation for You?
You may have heard or seen ads for credit card debt negotiation services offering to help people who are unable to pay their bills. In some circumstances, this is a viable option for consumers who want to get their finances back on track. Before you make a decision to look at a debt negotiation to deal with your situation, you will want to educate yourself about the process.
Credit card debt negotiation is not the same thing as getting a debt consolidation loan. When you take out a loan to pay off your debts, you fill out an application at a bank or another lender. You will need to put up collateral, such as the equity in your home, as security for the loan.
Credit card negotiation is a different process. In this situation, you, or a company working on your behalf, works with the credit card company to work out an amount the creditor will agree to take. The creditor agrees to take less than the original amount owed to settle the debt. In some situations, this amount is 50 percent of the debt. The advantage to the creditor is that they end up receiving more than they would get if the consumer went into bankruptcy.
The consumer who successfully negotiates a credit card settlement can avoid bankruptcy. There will be consequences for the person who chooses this method of dealing with their debt, though. The fact you negotiated a settlement instead of making your regular payments will appear on your credit report. It may lower your credit score, but the impact will be lower than if you declared bankruptcy.
Negotiating your own credit card debt settlement may be too overwhelming for many people. Being able to work out a settlement arrangement when you are financially (and emotionally) involved puts extra pressure on you at a time when you are already feeling stressed. A better approach is to consult with a representative from a professional credit card settlement company to approach your creditors on your behalf. That way, you keep yourself at arms' length away from the negotiations.
When you are considering which credit card debt negotiation company you would like to work with, take the time to learn something about the ones you are considering. You will want to find an organization that is a member of the United States Organization for Bankruptcy Alternatives, since membership indicates that the company is bound to abide by certain ethical standards in its dealings with clients.
If the debt negotiation company has a web site, spend some time going through the information posted there in detail. Pay attention to the company's "About Us" page to find out how long it has been in business. You will also want to be on the lookout for information about the kind of training that the client's representatives receive before they start working on files.
Once you have found a company that has been in business for a number of years that you are interested in working with, the next step is to schedule an appointment for a consultation. Before you arrive, make a list of questions that you have about how the process works and what your responsibilities are in this situation. You should also be prepared to provide detailed information about the amount you owe and to which creditors.
Each situation is different, and a credit card debt negotiation firm shouldn't promise you that they will be able to work out a settlement for you. They should be clear about the fact that they can approach the company to start a discussion but that there are no guarantees. However, these companies can offer a possible solution to people affected by the economic downturn so they can get back on their feet again in the easiest possible way.
You may have heard or seen ads for credit card debt negotiation services offering to help people who are unable to pay their bills. In some circumstances, this is a viable option for consumers who want to get their finances back on track. Before you make a decision to look at a debt negotiation to deal with your situation, you will want to educate yourself about the process.
Credit card debt negotiation is not the same thing as getting a debt consolidation loan. When you take out a loan to pay off your debts, you fill out an application at a bank or another lender. You will need to put up collateral, such as the equity in your home, as security for the loan.
Credit card negotiation is a different process. In this situation, you, or a company working on your behalf, works with the credit card company to work out an amount the creditor will agree to take. The creditor agrees to take less than the original amount owed to settle the debt. In some situations, this amount is 50 percent of the debt. The advantage to the creditor is that they end up receiving more than they would get if the consumer went into bankruptcy.
The consumer who successfully negotiates a credit card settlement can avoid bankruptcy. There will be consequences for the person who chooses this method of dealing with their debt, though. The fact you negotiated a settlement instead of making your regular payments will appear on your credit report. It may lower your credit score, but the impact will be lower than if you declared bankruptcy.
Negotiating your own credit card debt settlement may be too overwhelming for many people. Being able to work out a settlement arrangement when you are financially (and emotionally) involved puts extra pressure on you at a time when you are already feeling stressed. A better approach is to consult with a representative from a professional credit card settlement company to approach your creditors on your behalf. That way, you keep yourself at arms' length away from the negotiations.
When you are considering which credit card debt negotiation company you would like to work with, take the time to learn something about the ones you are considering. You will want to find an organization that is a member of the United States Organization for Bankruptcy Alternatives, since membership indicates that the company is bound to abide by certain ethical standards in its dealings with clients.
If the debt negotiation company has a web site, spend some time going through the information posted there in detail. Pay attention to the company's "About Us" page to find out how long it has been in business. You will also want to be on the lookout for information about the kind of training that the client's representatives receive before they start working on files.
Once you have found a company that has been in business for a number of years that you are interested in working with, the next step is to schedule an appointment for a consultation. Before you arrive, make a list of questions that you have about how the process works and what your responsibilities are in this situation. You should also be prepared to provide detailed information about the amount you owe and to which creditors.
Each situation is different, and a credit card debt negotiation firm shouldn't promise you that they will be able to work out a settlement for you. They should be clear about the fact that they can approach the company to start a discussion but that there are no guarantees. However, these companies can offer a possible solution to people affected by the economic downturn so they can get back on their feet again in the easiest possible way.
วันพฤหัสบดีที่ 22 ตุลาคม พ.ศ. 2552
Applying For A Credit Card Online
Applying For A Credit Card Online
The easiest way to apply for a credit card is online. In the past applications for cards were a lengthy process, filling in forms with many pages. On the Internet however this process has been made much easier.
You will be required to supply a certain amount of information when you apply for a credit card. It is best to have the following items to hand ready for your application:
Personal details - name, address (including post code), contact telephone number
Date of birth, marital status, accommodation status
Financial information - employment status, current salary, job title
Proof of identity (sometimes required, e.g. passport, bank statement, utility bill)
As a part of the application form you will also be expected to agree to the issuer's terms and conditions. This includes allowing them to receive information from third parties about your credit history, as well as passing that information on to other organisations in the future.
Make sure your browser is in a secure connection before submitting an application form. This is illustrated by a small yellow padlock at the bottom of your web browser.
Often card issuers will be able to give you an instant decision online. It will tell you if you have been successful with the application and the initial credit limit to be placed on your new card.
If your application has been declined, or requires further information before it can be assessed, you may be asked to call the card issuer to discuss alternatives.
The easiest way to apply for a credit card is online. In the past applications for cards were a lengthy process, filling in forms with many pages. On the Internet however this process has been made much easier.
You will be required to supply a certain amount of information when you apply for a credit card. It is best to have the following items to hand ready for your application:
Personal details - name, address (including post code), contact telephone number
Date of birth, marital status, accommodation status
Financial information - employment status, current salary, job title
Proof of identity (sometimes required, e.g. passport, bank statement, utility bill)
As a part of the application form you will also be expected to agree to the issuer's terms and conditions. This includes allowing them to receive information from third parties about your credit history, as well as passing that information on to other organisations in the future.
Make sure your browser is in a secure connection before submitting an application form. This is illustrated by a small yellow padlock at the bottom of your web browser.
Often card issuers will be able to give you an instant decision online. It will tell you if you have been successful with the application and the initial credit limit to be placed on your new card.
If your application has been declined, or requires further information before it can be assessed, you may be asked to call the card issuer to discuss alternatives.
Do You Know Why Credit Card Debt Accumulates So Fast?
Do You Know Why Credit Card Debt Accumulates So Fast?
Credit card debt is the total unpaid balance on the credit line. There are several factors that contribute to accelerating credit card debt.
Penalties and interest - one major reason that debt accumulates is due to penalties and interest when the consumer fails to make payments on time. Penalties are charged when the bill is not paid by the due date. Hence it is advisable for the consumer to repay the credited amount immediately. These days, most credit card companies allow you to make several monthly payments online. Doing this will help save interest and pay down the debt faster. "Over- the - limit" fees are another reason debt accumulates. This excessive amount is charged to the account when the consumer exceeds their credit limit. "Over- the - limit" fees continue to accumulate until the balance is paid below the credit limit. Know thy credit limit!
"Universal Default" - When one of the consumers fails to repay the credited amount or late payment occurs, the credit card company increases the interest rates. These increased interest rates are applied to the consumer with a late payment as well as consumers that pay regularly and on time. This methodology is known as Universal Default. Thus late or non- payment of one particular consumer can hamper the debt amount of other consumers as well. Don't be a bad apple and cause others to pay for your mistakes.
APR, or annual percentage rate also contributes to the amount of credit card debt. APR is the effective interest rate charged by the credit card company, and paid by the consumer. Annual percentage rates may be increased by the credit card companies. This increase interest can contribute to credit card debt.
New rules take effect in February 2010. If credit card companies have raised your rate or converted your rate to a variable rate because of the new rules you should contact them. Tell them to make the rated fixed (and ask for a lower rate). If they won't oblige, then take your business elsewhere.
There are ways you can stop the debt from accumulating so fast. Pay your bills on time and know the due date. Don't charge more than your credit limit, your monthly statement shows your current balance, rate and limit.
Ask the credit card company if they have a hardship program to put you on, or as was stated earlier renegotiate with your creditors. If you are really in over your head with no money, can't make the monthly payments, no 401k, no savings, then let them know if something isn't done you'll have to file for bankruptcy. Ask for a new and lower payment schedule, and lower interest rates. With the threat of bankruptcy looming, they will usually do what they can to avoid a total loss.
To summarize, credit card debt is inclusive of late payment charges, over- the - limit charges, universal default and higher annual percentage rates.
Establish a budget, curtail unnecessary spending and make a plan to pay off the credit card debt systematically.
Credit card debt is the total unpaid balance on the credit line. There are several factors that contribute to accelerating credit card debt.
Penalties and interest - one major reason that debt accumulates is due to penalties and interest when the consumer fails to make payments on time. Penalties are charged when the bill is not paid by the due date. Hence it is advisable for the consumer to repay the credited amount immediately. These days, most credit card companies allow you to make several monthly payments online. Doing this will help save interest and pay down the debt faster. "Over- the - limit" fees are another reason debt accumulates. This excessive amount is charged to the account when the consumer exceeds their credit limit. "Over- the - limit" fees continue to accumulate until the balance is paid below the credit limit. Know thy credit limit!
"Universal Default" - When one of the consumers fails to repay the credited amount or late payment occurs, the credit card company increases the interest rates. These increased interest rates are applied to the consumer with a late payment as well as consumers that pay regularly and on time. This methodology is known as Universal Default. Thus late or non- payment of one particular consumer can hamper the debt amount of other consumers as well. Don't be a bad apple and cause others to pay for your mistakes.
APR, or annual percentage rate also contributes to the amount of credit card debt. APR is the effective interest rate charged by the credit card company, and paid by the consumer. Annual percentage rates may be increased by the credit card companies. This increase interest can contribute to credit card debt.
New rules take effect in February 2010. If credit card companies have raised your rate or converted your rate to a variable rate because of the new rules you should contact them. Tell them to make the rated fixed (and ask for a lower rate). If they won't oblige, then take your business elsewhere.
There are ways you can stop the debt from accumulating so fast. Pay your bills on time and know the due date. Don't charge more than your credit limit, your monthly statement shows your current balance, rate and limit.
Ask the credit card company if they have a hardship program to put you on, or as was stated earlier renegotiate with your creditors. If you are really in over your head with no money, can't make the monthly payments, no 401k, no savings, then let them know if something isn't done you'll have to file for bankruptcy. Ask for a new and lower payment schedule, and lower interest rates. With the threat of bankruptcy looming, they will usually do what they can to avoid a total loss.
To summarize, credit card debt is inclusive of late payment charges, over- the - limit charges, universal default and higher annual percentage rates.
Establish a budget, curtail unnecessary spending and make a plan to pay off the credit card debt systematically.
วันพุธที่ 21 ตุลาคม พ.ศ. 2552
Accept Credit Cards with Laptop Processing
Accept Credit Cards with Laptop Processing
If you've been looking to accept credit cards away from the office but have concerns about the costs involved with conventional wireless equipment, then consider using your laptop computer.
All you need is a laptop, Internet access and a USB card reader to create an inexpensive wireless processing solution. It's best to have a wireless access card from a carrier such at AT&T, Sprint or Verizon as you'll always know you have internet access but with so wireless hotspots available these days, there's a good chance you can get by without one.
Most merchant service providers sell debit and credit card desktop software applications that will allow you to process Visa, MasterCard, Discover, American Express, JCB and Diners Club cards for merchants located in the U.S. In addition to replacing all of the functionality of traditional credit card terminal, this software can store credit card information for later processing. That's especially helpful when you deliver goods and services, either on a one-time basis or multiple times. It's also great for generating recurring credit card payments in either fixed or variable amounts.
Here's how it works
Just add a USB card reader to your laptop, open the credit card terminal software, swipe the card and type the amount you wish to charge along with the 3 digit CVV security number found on the back of the card holders card complete the required fields and press the send button.
The information is encrypted using 128-bit SSL (Secure Socket Layer) technology. It's first sent to a transaction server and then on to the card issuer's bank. The card issuer's bank verifies the cardholder's identity and verifies if sufficient funds are available to cover the sale. The information is then sent back to you and an authorization number is issued. When using a virtual terminal, the transactions are automatically settled each day. In addition, you can also check the status of transactions, automatically bill customers for recurring charges, and run a variety of useful management reports.
Most software & USB card reader solutions will cost around $150 to $250 which is a bargain as most traditional wireless terminals cost $450 to $650. Not to mention, the additional monthly wireless connectivity fees needed to send the card data from a wireless terminal.
If you're not comfortable purchasing software and installing it on your computer don't worry...
You can even use an internet based virtual terminal system. You'll still use the usb card reader to swipe the card but rather than open software on your computer, instead, you'd log in through a web browser to access the interface where you'll enter and submit the card data.
So the next time you bring your laptop on the road with you to make your sales presentation why not just add a USB card reader and run the customers card on your portable credit card processing system the next time you close the sale?
If you've been looking to accept credit cards away from the office but have concerns about the costs involved with conventional wireless equipment, then consider using your laptop computer.
All you need is a laptop, Internet access and a USB card reader to create an inexpensive wireless processing solution. It's best to have a wireless access card from a carrier such at AT&T, Sprint or Verizon as you'll always know you have internet access but with so wireless hotspots available these days, there's a good chance you can get by without one.
Most merchant service providers sell debit and credit card desktop software applications that will allow you to process Visa, MasterCard, Discover, American Express, JCB and Diners Club cards for merchants located in the U.S. In addition to replacing all of the functionality of traditional credit card terminal, this software can store credit card information for later processing. That's especially helpful when you deliver goods and services, either on a one-time basis or multiple times. It's also great for generating recurring credit card payments in either fixed or variable amounts.
Here's how it works
Just add a USB card reader to your laptop, open the credit card terminal software, swipe the card and type the amount you wish to charge along with the 3 digit CVV security number found on the back of the card holders card complete the required fields and press the send button.
The information is encrypted using 128-bit SSL (Secure Socket Layer) technology. It's first sent to a transaction server and then on to the card issuer's bank. The card issuer's bank verifies the cardholder's identity and verifies if sufficient funds are available to cover the sale. The information is then sent back to you and an authorization number is issued. When using a virtual terminal, the transactions are automatically settled each day. In addition, you can also check the status of transactions, automatically bill customers for recurring charges, and run a variety of useful management reports.
Most software & USB card reader solutions will cost around $150 to $250 which is a bargain as most traditional wireless terminals cost $450 to $650. Not to mention, the additional monthly wireless connectivity fees needed to send the card data from a wireless terminal.
If you're not comfortable purchasing software and installing it on your computer don't worry...
You can even use an internet based virtual terminal system. You'll still use the usb card reader to swipe the card but rather than open software on your computer, instead, you'd log in through a web browser to access the interface where you'll enter and submit the card data.
So the next time you bring your laptop on the road with you to make your sales presentation why not just add a USB card reader and run the customers card on your portable credit card processing system the next time you close the sale?
วันอังคารที่ 20 ตุลาคม พ.ศ. 2552
How To Use Credit Cards
How To Use Credit Cards
Credit Card abuse helped get our economy in the sad shape it's in and proper credit card use will help get us out. By using this three step approach you can easily manage your use of credit cards without overspending and improving your credit score at the same time.
Daily Credit Card - You should have one credit card for every day purchases like groceries, eating out, pharmacy, etc. Keep a close tab on your balance for you will pay this card off in full each month.
Gas Credit Card - You need one credit card for all your gas purchases for you and your entire family. Again this card will be paid off in full each month.
Emergency or Big Purchase Credit Cards - This credit card is for those unexpected purchases such as a new air conditioning, the refrigerator goes out, etc. This credit card should have the lowest interest rate of the three because you may not be able to pay it off in one month. However, plan to pay it off as quickly as possible.
That's it, plain and simple. You only need three credit cards which by following these simple steps you can manage very easily. In addition, if you keep control of this credit and any other debt you may have you will establish an excellent credit rating.
Credit Card abuse helped get our economy in the sad shape it's in and proper credit card use will help get us out. By using this three step approach you can easily manage your use of credit cards without overspending and improving your credit score at the same time.
Daily Credit Card - You should have one credit card for every day purchases like groceries, eating out, pharmacy, etc. Keep a close tab on your balance for you will pay this card off in full each month.
Gas Credit Card - You need one credit card for all your gas purchases for you and your entire family. Again this card will be paid off in full each month.
Emergency or Big Purchase Credit Cards - This credit card is for those unexpected purchases such as a new air conditioning, the refrigerator goes out, etc. This credit card should have the lowest interest rate of the three because you may not be able to pay it off in one month. However, plan to pay it off as quickly as possible.
That's it, plain and simple. You only need three credit cards which by following these simple steps you can manage very easily. In addition, if you keep control of this credit and any other debt you may have you will establish an excellent credit rating.
วันอาทิตย์ที่ 18 ตุลาคม พ.ศ. 2552
How to Find the Best Credit Card Debt Management
How to Find the Best Credit Card Debt Management
Credit cards are the modern replacement of the good old cash. That is something we all agree with. How many of us walk around with nothing in our wallets but our identification cards, the numerous credit cards we own, and little else ? Credit cards have even been given the nickname plastic cash , showing just how much a part of everyday life it has become. But this culture of credit cards has meant that we have been one of the causes for the world to come to where it is today one with economies tumbling and a global recession. Credit card debt has reached phenomenal highs, and credit card debt management is something many of us lack.
If the credit card debt management is what will take us out of this mess, how can we effectively use it for our own good?? For one, it is important to make sure we do not spend more than what we can afford. When it comes to personal finance, the previous statement is considered as the rule of thumb. Man is really good in reasoning. We always use the credit cards for buying things where we cannot actually afford with cash, thinking that we will have cash available when the credit card bill arrives. Once you make a couple of similar spending, you become not capable of settling the credit card bill in full once it arrives. At this point, credit card debt management should comes into play, in case if you have any hope of not getting in to bad finances..
Many people think that, one should start credit card debt management only when you go in to bad credit. This is one of the main misconceptions and the results will be damaging. Therefore, the credit card users should start credit card debt management as soon as they receive their first credit card. Imagine you forget to settle the credit card bill when it arrived. Then there will be a late fee charge and an additional interest on the amount you forgot to pay. If you keep forgetting to settle the credit card bills on time, then you will end up paying more and more..The credit card bills should be paid on time, so that you do not end up paying much more than you should be and that too for any adequate reason. All these tiny practices help you in credit card debt management.
In case the credit card bills has grown to a state where you cannot absolutely pay it back in the usual way, options such as consolidated loans will be a great option for looking at, as then you will have lower monthly payments and a longer repayment time period. Although in the long run this may cause you to pay back more as interest, it will allow you to re-think about your finances and time to come up with a good credit card debt management strategy for future use.
Credit cards are the modern replacement of the good old cash. That is something we all agree with. How many of us walk around with nothing in our wallets but our identification cards, the numerous credit cards we own, and little else ? Credit cards have even been given the nickname plastic cash , showing just how much a part of everyday life it has become. But this culture of credit cards has meant that we have been one of the causes for the world to come to where it is today one with economies tumbling and a global recession. Credit card debt has reached phenomenal highs, and credit card debt management is something many of us lack.
If the credit card debt management is what will take us out of this mess, how can we effectively use it for our own good?? For one, it is important to make sure we do not spend more than what we can afford. When it comes to personal finance, the previous statement is considered as the rule of thumb. Man is really good in reasoning. We always use the credit cards for buying things where we cannot actually afford with cash, thinking that we will have cash available when the credit card bill arrives. Once you make a couple of similar spending, you become not capable of settling the credit card bill in full once it arrives. At this point, credit card debt management should comes into play, in case if you have any hope of not getting in to bad finances..
Many people think that, one should start credit card debt management only when you go in to bad credit. This is one of the main misconceptions and the results will be damaging. Therefore, the credit card users should start credit card debt management as soon as they receive their first credit card. Imagine you forget to settle the credit card bill when it arrived. Then there will be a late fee charge and an additional interest on the amount you forgot to pay. If you keep forgetting to settle the credit card bills on time, then you will end up paying more and more..The credit card bills should be paid on time, so that you do not end up paying much more than you should be and that too for any adequate reason. All these tiny practices help you in credit card debt management.
In case the credit card bills has grown to a state where you cannot absolutely pay it back in the usual way, options such as consolidated loans will be a great option for looking at, as then you will have lower monthly payments and a longer repayment time period. Although in the long run this may cause you to pay back more as interest, it will allow you to re-think about your finances and time to come up with a good credit card debt management strategy for future use.
Beware Hidden Fees When You Consolidate Credit Card Debt
Beware Hidden Fees When You Consolidate Credit Card Debt
Watch those high interest rates they can be a massive drain on your finances. If you are stuck with loans or credit cards at high rates, it can seem as though practically every cent goes to pay the interest and that the principal balance never seems to shrink. That means you may think it might be a wise move to consolidate credit card debt and reduce your annual interest rates to a figure that is more manageable. It may seem prudent to transfer a credit card with a annual percentage rate of eighteen percent to another card carrying a lower rate, such as fifteen percent. Be sure you investigate the fine print of your contract with the lower-rate card, as you may find that there are "hidden" fees when you actually do consolidate credit card debt.
What should you look out for?
Credit card companies charge a "balance transfer fee" that you will have to pay when moving the balance from your higher-rate card to the new credit card. In many cases this fee is a flat rate, one time charge of $25 or $35. However, some consumers report that they've been shocked to learn that the balance transfer fee is actually a percentage of the amount transferred, some as high as four or five percent. And don't forget when you consolidate credit card debt, these balance transfer fees are added to the new outstanding balance on the lower-rate card. That means if you don't make a payment that covers the transfer fee immediately, you'll be paying interest on top of the fee itself.
Check other "hidden" fees when you consolidate credit card debt onto a lower-rate card. If you prefer to make your payments via telephone, some card companies charge a telephone payment fee. You may be shocked to find that your old card didn't require a phone payment fee, while your new card does require a fee, sometimes as high as $12.00 per transaction. That means you'll have to adjust your preferred payment method to avoid getting stung by such a charge. Your credit card company should inform you of any convenience or payment fees that will be required before you actually complete the payment. If they don't, then make sure you ask.
We often refer to these fees as hidden, that's only because these fees may not be top of mind for the consumer when making a decision to consolidate credit card debt. You should know that the credit card companies are required to disclose fees to you before you avail yourself of their offers, so consider the details and fine print before you act.
Watch those high interest rates they can be a massive drain on your finances. If you are stuck with loans or credit cards at high rates, it can seem as though practically every cent goes to pay the interest and that the principal balance never seems to shrink. That means you may think it might be a wise move to consolidate credit card debt and reduce your annual interest rates to a figure that is more manageable. It may seem prudent to transfer a credit card with a annual percentage rate of eighteen percent to another card carrying a lower rate, such as fifteen percent. Be sure you investigate the fine print of your contract with the lower-rate card, as you may find that there are "hidden" fees when you actually do consolidate credit card debt.
What should you look out for?
Credit card companies charge a "balance transfer fee" that you will have to pay when moving the balance from your higher-rate card to the new credit card. In many cases this fee is a flat rate, one time charge of $25 or $35. However, some consumers report that they've been shocked to learn that the balance transfer fee is actually a percentage of the amount transferred, some as high as four or five percent. And don't forget when you consolidate credit card debt, these balance transfer fees are added to the new outstanding balance on the lower-rate card. That means if you don't make a payment that covers the transfer fee immediately, you'll be paying interest on top of the fee itself.
Check other "hidden" fees when you consolidate credit card debt onto a lower-rate card. If you prefer to make your payments via telephone, some card companies charge a telephone payment fee. You may be shocked to find that your old card didn't require a phone payment fee, while your new card does require a fee, sometimes as high as $12.00 per transaction. That means you'll have to adjust your preferred payment method to avoid getting stung by such a charge. Your credit card company should inform you of any convenience or payment fees that will be required before you actually complete the payment. If they don't, then make sure you ask.
We often refer to these fees as hidden, that's only because these fees may not be top of mind for the consumer when making a decision to consolidate credit card debt. You should know that the credit card companies are required to disclose fees to you before you avail yourself of their offers, so consider the details and fine print before you act.
วันพุธที่ 14 ตุลาคม พ.ศ. 2552
About Credit Cards And Credit Reports
About Credit Cards And Credit Reports
Over the years, credit cards have become very popular. When they were first introduced, they were popular, although these days millions of people use them. There are many types of credit cards available, including those that help people who have bad credit. You should always keep in mind that even though credit cards are great to have, they will also have quite an impact on your credit report.
The credit report is extremely important, especially when it comes to credit cards. Banks and lenders use your credit report to determine if you meet their criteria for a credit card or a loan. Your credit report is the determining factor for your credit, which is why you should never let your credit cards do any type of damage to your report. To avoid this, simply pay your bill on time.
Most people will use their credit cards responsibly and won't damage their credit report. Doing this will show lenders that you are responsible, and that they can trust you with loans and credit - which in turn will raise your credit score. Keep in mind however; if you have a lot of open accounts, it may tell lenders that you have a lot open and that you won't be able to pay them back. Although this may count as good credit, lenders look at several open accounts as being potentially damaging to your credit report.
Although you may be tempted to have more than one credit card, it can actually be a downfall in the eyes of the lender. Most lenders will see this as you having a way to spend all of your limit, and will fear that you may do so. Even though you may not have this intention, credit card lenders will almost always fear the worst case scenario, and it eventually lead to you damaging your credit score - simply because a lender will turn you down for a future offer you apply for.
Something else you need to keep in mind is the fact that it can be really easy to miss a payment on your credit cards. Although this doesn't sound bad, it can have a very negative look on your credit report. If you start missing payments or paying them late, the lender will eventually enter it in your credit report. This can have a negative impact, lowering your beacon score and eventually bringing down your overall credit rating.
If you play it safe and only get one or two credit cards and keep a track of how you use them, you won't need to worry. Your credit report should always be a primary concern, and you should always do your best to ensure that it stays free of negative ratings. If you keep up things up to date - you'll enjoy the benefit of a positive credit report.
Over the years, credit cards have become very popular. When they were first introduced, they were popular, although these days millions of people use them. There are many types of credit cards available, including those that help people who have bad credit. You should always keep in mind that even though credit cards are great to have, they will also have quite an impact on your credit report.
The credit report is extremely important, especially when it comes to credit cards. Banks and lenders use your credit report to determine if you meet their criteria for a credit card or a loan. Your credit report is the determining factor for your credit, which is why you should never let your credit cards do any type of damage to your report. To avoid this, simply pay your bill on time.
Most people will use their credit cards responsibly and won't damage their credit report. Doing this will show lenders that you are responsible, and that they can trust you with loans and credit - which in turn will raise your credit score. Keep in mind however; if you have a lot of open accounts, it may tell lenders that you have a lot open and that you won't be able to pay them back. Although this may count as good credit, lenders look at several open accounts as being potentially damaging to your credit report.
Although you may be tempted to have more than one credit card, it can actually be a downfall in the eyes of the lender. Most lenders will see this as you having a way to spend all of your limit, and will fear that you may do so. Even though you may not have this intention, credit card lenders will almost always fear the worst case scenario, and it eventually lead to you damaging your credit score - simply because a lender will turn you down for a future offer you apply for.
Something else you need to keep in mind is the fact that it can be really easy to miss a payment on your credit cards. Although this doesn't sound bad, it can have a very negative look on your credit report. If you start missing payments or paying them late, the lender will eventually enter it in your credit report. This can have a negative impact, lowering your beacon score and eventually bringing down your overall credit rating.
If you play it safe and only get one or two credit cards and keep a track of how you use them, you won't need to worry. Your credit report should always be a primary concern, and you should always do your best to ensure that it stays free of negative ratings. If you keep up things up to date - you'll enjoy the benefit of a positive credit report.
Regarding Credit Cards Without A Bank Account
Regarding Credit Cards Without A Bank Account
Having a credit card is a great thing indeed, although most are hard to obtain for those who have a less than perfect credit history. The restrictions for getting most credit cards are so tough that those who have bad credit may find it nearly impossible to get a credit card, or they find themselves hit with extremely high APR rates, and find it hard to compete with the interest.
For those who have less than perfect credit or no bank account, there is hope. There are credit cards known as no bank account cards, that can help those with bad credit. These types of credit cards are quite easy to obtain, and they can actually help you to get your credit back and track and live the life you've always dreamed of.
Credit cards of this type are pre-loaded, meaning that the credit limit you have it what you load onto the card, by pre payment. If you want to control your spending and know how much you have, this credit card is what you need. They are also great for those who want to learn about managing money as well. Another great thing about these cards is the fact that they will give you power and convenience of a credit card - yet they will allow you to live within the means of your income as well.
Before you rush and get one of these credit cards, you should first look around and find the best deal possible. Most no bank account credit cards offer you same rewards and incentives of traditional credit cards, along with online access to your account. The best cards are accepted across the world, and offer you ATM access for instant cash. If a card doesn't offer you these types of features, you should pass it by and look for one that does.
Other things to look for with no bank account credit cards include low APR rates, no annual fees, and excellent customer support. Customer support is very important with these types of credit cards, as you don't want a card that doesn't offer you great customer support. If you encounter a problem, you want a company that is going to be there when it matters the most.
If you take your time and research no bank account credit cards, you'll find one that you can't refuse. There are many to choose from, especially if you look online. You should always compare features and rates, and look for companies that offer you cards with excellent features and low rates. This way, you can get everything you love from traditional credit cards - without having to worry about your credit or needing to have a bank account.
Having a credit card is a great thing indeed, although most are hard to obtain for those who have a less than perfect credit history. The restrictions for getting most credit cards are so tough that those who have bad credit may find it nearly impossible to get a credit card, or they find themselves hit with extremely high APR rates, and find it hard to compete with the interest.
For those who have less than perfect credit or no bank account, there is hope. There are credit cards known as no bank account cards, that can help those with bad credit. These types of credit cards are quite easy to obtain, and they can actually help you to get your credit back and track and live the life you've always dreamed of.
Credit cards of this type are pre-loaded, meaning that the credit limit you have it what you load onto the card, by pre payment. If you want to control your spending and know how much you have, this credit card is what you need. They are also great for those who want to learn about managing money as well. Another great thing about these cards is the fact that they will give you power and convenience of a credit card - yet they will allow you to live within the means of your income as well.
Before you rush and get one of these credit cards, you should first look around and find the best deal possible. Most no bank account credit cards offer you same rewards and incentives of traditional credit cards, along with online access to your account. The best cards are accepted across the world, and offer you ATM access for instant cash. If a card doesn't offer you these types of features, you should pass it by and look for one that does.
Other things to look for with no bank account credit cards include low APR rates, no annual fees, and excellent customer support. Customer support is very important with these types of credit cards, as you don't want a card that doesn't offer you great customer support. If you encounter a problem, you want a company that is going to be there when it matters the most.
If you take your time and research no bank account credit cards, you'll find one that you can't refuse. There are many to choose from, especially if you look online. You should always compare features and rates, and look for companies that offer you cards with excellent features and low rates. This way, you can get everything you love from traditional credit cards - without having to worry about your credit or needing to have a bank account.
Credit Cards Best Offers
Credit Cards Best Offers
With many people, looking for the best credit is a very tough task. Even though there really is no "best" credit card, there are credit cards out there that are the best for you. There are many different types of credit cards available, some that may be for you and some that won't. With so many to choose from, it can be tough finding your ideal credit card.
No matter type of lifestyle you have, how much money you are looking to spend, or how you plan to use your credit card, the one thing you should always pay very close attention to when choosing your card is the APR. Most people, choose the credit cards with the lowest APR, which gives you better interest rates. The lower the number of APR you can get, the less you'll have to pay. Many times, the best credit card offers are those with the lowest interest rates.
No matter what type of credit card you choose, you should always pick the one that best fits your needs and interests. If you look at several of the companies and compare their rates, you'll find the best possible deals. You should always compare companies and what they offer before you make a decision, so that you can find which company fits as your best credit card offer.
If you have never applied for a credit card before, you may find it quite difficult to get a low interest rate. If this is the case, you'll find other offers that will give you what you need. Those of you who have bad credit or no credit, will obviously need to look into credit cards that will give you credit at the best possible deal. Once you have had your credit card for period of time and begin to establish credit, you'll be able to go back and apply for credit cards that offer a much lower APR, or interest rate.
Although you may get an offer from a company that sounds amazing, you should read the fine print before you sign the dotted line, then look around at other companies. With the credit card industry being so competitive, there are hundreds and hundreds of companies out there willing to compete for your business. Before you rush into an agreement, you should always find out what other companies will off you.
No matter how you go about getting your credit card, you should always look around for your ideal credit card offer. Even though your choice may be questioned by others, it will be the credit card that you feel most comfortable with. If you put some time and research into looking and compare other offers - you'll find the best credit card for you and your money.
With many people, looking for the best credit is a very tough task. Even though there really is no "best" credit card, there are credit cards out there that are the best for you. There are many different types of credit cards available, some that may be for you and some that won't. With so many to choose from, it can be tough finding your ideal credit card.
No matter type of lifestyle you have, how much money you are looking to spend, or how you plan to use your credit card, the one thing you should always pay very close attention to when choosing your card is the APR. Most people, choose the credit cards with the lowest APR, which gives you better interest rates. The lower the number of APR you can get, the less you'll have to pay. Many times, the best credit card offers are those with the lowest interest rates.
No matter what type of credit card you choose, you should always pick the one that best fits your needs and interests. If you look at several of the companies and compare their rates, you'll find the best possible deals. You should always compare companies and what they offer before you make a decision, so that you can find which company fits as your best credit card offer.
If you have never applied for a credit card before, you may find it quite difficult to get a low interest rate. If this is the case, you'll find other offers that will give you what you need. Those of you who have bad credit or no credit, will obviously need to look into credit cards that will give you credit at the best possible deal. Once you have had your credit card for period of time and begin to establish credit, you'll be able to go back and apply for credit cards that offer a much lower APR, or interest rate.
Although you may get an offer from a company that sounds amazing, you should read the fine print before you sign the dotted line, then look around at other companies. With the credit card industry being so competitive, there are hundreds and hundreds of companies out there willing to compete for your business. Before you rush into an agreement, you should always find out what other companies will off you.
No matter how you go about getting your credit card, you should always look around for your ideal credit card offer. Even though your choice may be questioned by others, it will be the credit card that you feel most comfortable with. If you put some time and research into looking and compare other offers - you'll find the best credit card for you and your money.
Regarding Student Credit Cards
Regarding Student Credit Cards
In today's world, having a credit card is a luxury. Credit cards are a great convenience, meaning that you don't need to worry about cash when making a purchase. Although some credit cards have strict requirements, there are a lot of manufacturers that are giving both high school and college students the chance to get their own credit cards. Student credit cards can be used the same way as a traditional credit card, although they do come with certain restrictions and limitations that other credit cards don't normally have.
A lot of companies and banks that offer student credit cards will normally need a co-signer as a form of insurance or collateral. This person will sign on the loan with the student, and will be the person the company falls back on if the student is unable to pay the bill. Normally a parent or guardian, the co-signer is considered to be back up and a peace of mind for the issuer of the student credit card, as they can always count on the co-signer with good credit to pay if the student can't.
Normally, the APR or interest rate is higher with student credit cards, which helps to minimize the risk for the company. The spending limit is also different with these credit cards, as most are between 250 - 800 dollars. The reason for this, is because most students have established any credit, and therefore won't have a great credit rating. Although the spending limit is obviously lower with these cards than other credit cards, they will still help students establish credit.
Students who plan to make a large purchase, can greatly benefit from using student credit cards. To make large purchases, you'll need good credit - which is where a student credit card can really help out. You can use these credit cards as a stepping stone to building credit, and establishing a good credit rating. If you can get your credit rating high with your credit card, you'll then be able to be approved for much higher loans in the future.
Student credit cards can also help students gain a sense of responsibility. The card works just like any other credit card, although the spending limit is much lower. Once the student has mastered usage of the card, he or she can manage money much better later on in life. These cards are great for students to have, and can teach them money skills that will last a lifetime.
Just like traditional credit cards, students should also know that student credits cards can be dangerous. Although they are great to have, there are pitfalls such as overspending. If students spend more money than they having coming in, they will be unable to pay their credit card bill, which will then affect their credit. If the company goes after the co-signer to pay the bill, it could also affect their credit as well. Therefore, students should always have a budget in mind before they start using their credit cards.
All in all, student credit cards are great to have. For high school students or college students, these credit cards are a means of freedom, and a way to teach responsibility. They can come in handy during emergencies, which is reason enough to invest in them. If your son or daughter is in school right now, you should look into student credit cards. They can help your child to establish credit - which will take them farther wherever they go in life.
In today's world, having a credit card is a luxury. Credit cards are a great convenience, meaning that you don't need to worry about cash when making a purchase. Although some credit cards have strict requirements, there are a lot of manufacturers that are giving both high school and college students the chance to get their own credit cards. Student credit cards can be used the same way as a traditional credit card, although they do come with certain restrictions and limitations that other credit cards don't normally have.
A lot of companies and banks that offer student credit cards will normally need a co-signer as a form of insurance or collateral. This person will sign on the loan with the student, and will be the person the company falls back on if the student is unable to pay the bill. Normally a parent or guardian, the co-signer is considered to be back up and a peace of mind for the issuer of the student credit card, as they can always count on the co-signer with good credit to pay if the student can't.
Normally, the APR or interest rate is higher with student credit cards, which helps to minimize the risk for the company. The spending limit is also different with these credit cards, as most are between 250 - 800 dollars. The reason for this, is because most students have established any credit, and therefore won't have a great credit rating. Although the spending limit is obviously lower with these cards than other credit cards, they will still help students establish credit.
Students who plan to make a large purchase, can greatly benefit from using student credit cards. To make large purchases, you'll need good credit - which is where a student credit card can really help out. You can use these credit cards as a stepping stone to building credit, and establishing a good credit rating. If you can get your credit rating high with your credit card, you'll then be able to be approved for much higher loans in the future.
Student credit cards can also help students gain a sense of responsibility. The card works just like any other credit card, although the spending limit is much lower. Once the student has mastered usage of the card, he or she can manage money much better later on in life. These cards are great for students to have, and can teach them money skills that will last a lifetime.
Just like traditional credit cards, students should also know that student credits cards can be dangerous. Although they are great to have, there are pitfalls such as overspending. If students spend more money than they having coming in, they will be unable to pay their credit card bill, which will then affect their credit. If the company goes after the co-signer to pay the bill, it could also affect their credit as well. Therefore, students should always have a budget in mind before they start using their credit cards.
All in all, student credit cards are great to have. For high school students or college students, these credit cards are a means of freedom, and a way to teach responsibility. They can come in handy during emergencies, which is reason enough to invest in them. If your son or daughter is in school right now, you should look into student credit cards. They can help your child to establish credit - which will take them farther wherever they go in life.
วันอังคารที่ 13 ตุลาคม พ.ศ. 2552
Credit Cards & How They Work
Credit Cards & How They Work
Those with less than a desirable credit history can be hurt severely by insurance, car loan and mortgage rates. Not only that but it can be extremely hard to even get a credit card. The whole financial picture can become a nightmare.
Quite often consumers wonder what they can do to rebuild their credit. The first thing is to get a credit card designed for people with bad credit. The second thing is: READ THE FINE PRINT.
There are only so many credit cards available for people with bad credit. At first glance, many look the same. They all help build and rebuild your credit by reporting to the major credit bureaus on a monthly basis. They all provide you with the Visa or Mastercard you need to make many purchases. And they are all necessary evils that can save you thousands of dollars in mortgage and car loan rates in the future.
You must read the fine print before applying for one of these credit cards, as they often charge high yearly fees, set-up fees, and even monthly fees. Here, are a few examples of charges current "bad credit" credit cards bury in the fine print. Of the three major cards, only one stands out as consumer-friendly. Which one is it? Read and Heed.
"Bad Credit" Credit Card #1:
This credit card charges a very low interest rate for an unsecured credit card. However, your first fine print glimpse reveals that there is a one time setup fee of $29. Not too bad. So far, since the next charge is a one time fee of $95. So far, we're up to $124 in expenses. That's got to be it, right? No. Add in another $48 for the annual fee and $6 per month in account maintenance fees. That's brings the cost of your new credit card to $244 the first year, and $120 each additional year. This is no small change, and a card such as this should be considered only if you cannot be accepted for a better unsecured credit card for bad credit.
"Bad Credit" Credit Card #2:
This credit card charges a very high interest rate for an unsecured credit card. This can't be good. But the setup fee is only $29. Maybe this card isn't so bad. There is that pesky monthly maintenance fee of $6.50 per month which brings the cost of this unsecured credit card to $107. Maybe we've found a bargain. Not quite. The annual fee is a whopping $150. Yes, $150 every year. That not only brings the initial cost up to $257, but you will also pay $228 a year just to maintain the credit card. There has to be a better offer.
"Bad Credit" Credit Card #3:
This credit card is available as both a secured and unsecured credit card, based on the issuer's review of your credit history. The interest rate is average, even competitive. Now, the fine print reveals that there is a one time setup fee. However, based on your credit, this fee can be as low as $0 or as high as $49. So far so good, especially if your credit is not that bad. But, there must be a huge annual fee. Not exactly. The annual fee for a secured credit card is only $35, and for an unsecured credit card, this fee can be as low as $39 or up to $79. So far, the cost of this card ranges from $35 to $128. Now its time for the monthly maintance fee. This one has to be huge. Or not. Its $0. That means the most you could possible be charged to obtain this credit card is $128, about half of what competing cards are charging.
Clearly, there are substantial difference between "bad credit" credit cards. Of the three offers we have examined, only one doesn't take you to the cleaners. In fact, "bad credit" credit card #3 provides great value. All positive changes to your credit history and credit score will translate into lower loan rates, lower credit card interest rates, lower insurance rates, and ultimately, thousands of dollars in savings. The path to rebuilding credit has its costs, but in the long term, rebuilding your credit with a "bad credit" credit card is the fastest and most cost-efficient way to correct the often unfortunate circumstances that have damaged your credit in the first place.©2006 Credit Card Depot Inc.
Those with less than a desirable credit history can be hurt severely by insurance, car loan and mortgage rates. Not only that but it can be extremely hard to even get a credit card. The whole financial picture can become a nightmare.
Quite often consumers wonder what they can do to rebuild their credit. The first thing is to get a credit card designed for people with bad credit. The second thing is: READ THE FINE PRINT.
There are only so many credit cards available for people with bad credit. At first glance, many look the same. They all help build and rebuild your credit by reporting to the major credit bureaus on a monthly basis. They all provide you with the Visa or Mastercard you need to make many purchases. And they are all necessary evils that can save you thousands of dollars in mortgage and car loan rates in the future.
You must read the fine print before applying for one of these credit cards, as they often charge high yearly fees, set-up fees, and even monthly fees. Here, are a few examples of charges current "bad credit" credit cards bury in the fine print. Of the three major cards, only one stands out as consumer-friendly. Which one is it? Read and Heed.
"Bad Credit" Credit Card #1:
This credit card charges a very low interest rate for an unsecured credit card. However, your first fine print glimpse reveals that there is a one time setup fee of $29. Not too bad. So far, since the next charge is a one time fee of $95. So far, we're up to $124 in expenses. That's got to be it, right? No. Add in another $48 for the annual fee and $6 per month in account maintenance fees. That's brings the cost of your new credit card to $244 the first year, and $120 each additional year. This is no small change, and a card such as this should be considered only if you cannot be accepted for a better unsecured credit card for bad credit.
"Bad Credit" Credit Card #2:
This credit card charges a very high interest rate for an unsecured credit card. This can't be good. But the setup fee is only $29. Maybe this card isn't so bad. There is that pesky monthly maintenance fee of $6.50 per month which brings the cost of this unsecured credit card to $107. Maybe we've found a bargain. Not quite. The annual fee is a whopping $150. Yes, $150 every year. That not only brings the initial cost up to $257, but you will also pay $228 a year just to maintain the credit card. There has to be a better offer.
"Bad Credit" Credit Card #3:
This credit card is available as both a secured and unsecured credit card, based on the issuer's review of your credit history. The interest rate is average, even competitive. Now, the fine print reveals that there is a one time setup fee. However, based on your credit, this fee can be as low as $0 or as high as $49. So far so good, especially if your credit is not that bad. But, there must be a huge annual fee. Not exactly. The annual fee for a secured credit card is only $35, and for an unsecured credit card, this fee can be as low as $39 or up to $79. So far, the cost of this card ranges from $35 to $128. Now its time for the monthly maintance fee. This one has to be huge. Or not. Its $0. That means the most you could possible be charged to obtain this credit card is $128, about half of what competing cards are charging.
Clearly, there are substantial difference between "bad credit" credit cards. Of the three offers we have examined, only one doesn't take you to the cleaners. In fact, "bad credit" credit card #3 provides great value. All positive changes to your credit history and credit score will translate into lower loan rates, lower credit card interest rates, lower insurance rates, and ultimately, thousands of dollars in savings. The path to rebuilding credit has its costs, but in the long term, rebuilding your credit with a "bad credit" credit card is the fastest and most cost-efficient way to correct the often unfortunate circumstances that have damaged your credit in the first place.©2006 Credit Card Depot Inc.
วันจันทร์ที่ 12 ตุลาคม พ.ศ. 2552
Credit Cards and Teens
Credit Cards and Teens
With credit-card offers coming as fast as keg party invites, college freshmen need some guidance.
The typical college freshman is burdened enough by scholar responsibilities, homesickness and self-doubt. To keep tomorrow's freshmen from suffering the additional anxiety brought by a first checking account, start them off sooner, as early as their junior year in high school. Initially, keep it simple, avoiding frills and extras like overdraft protection; they need to experience the reality of bounced checks to understand record-keeping responsibilities. Many college freshmen today have credit cards, and if your kid is to be one of them, then this, too, has a learning curve that is best experienced under your guidance. Before your kids acquire their credit cards, they'll need a lesson in how to use plastic responsibly. Point out that this is where most individuals' finances go seriously out of control, and illustrate your point with interest tables that show the damage that 18% annual interest, compounded over the years, can do to their savings potential. Also, tell them that credit is a privilege, not a right, and that if they abuse it, they will lose their ability to get more. After setting up criteria for the use of a credit card, start them off with training wheels in the form of a secured card - in which the holder charges only up to a cash account kept with the issuer. This way, they become accustomed to using the card judiciously without getting in hock. If their purchases are sound enough, then move on to an ordinary credit card, encouraging them to pay the balance the end of each month to avoid interest charges. When your kids go out to make purchases on this card, they may be tempted by same-as-cash purchase offers, in which buyers of items like appliances are allowed to borrow interest-free as long as they pay off the balance within a set period (usually six months). Some financial planners advise against using same-as-cash. "It disassociates the cost from the benefit.
With credit-card offers coming as fast as keg party invites, college freshmen need some guidance.
The typical college freshman is burdened enough by scholar responsibilities, homesickness and self-doubt. To keep tomorrow's freshmen from suffering the additional anxiety brought by a first checking account, start them off sooner, as early as their junior year in high school. Initially, keep it simple, avoiding frills and extras like overdraft protection; they need to experience the reality of bounced checks to understand record-keeping responsibilities. Many college freshmen today have credit cards, and if your kid is to be one of them, then this, too, has a learning curve that is best experienced under your guidance. Before your kids acquire their credit cards, they'll need a lesson in how to use plastic responsibly. Point out that this is where most individuals' finances go seriously out of control, and illustrate your point with interest tables that show the damage that 18% annual interest, compounded over the years, can do to their savings potential. Also, tell them that credit is a privilege, not a right, and that if they abuse it, they will lose their ability to get more. After setting up criteria for the use of a credit card, start them off with training wheels in the form of a secured card - in which the holder charges only up to a cash account kept with the issuer. This way, they become accustomed to using the card judiciously without getting in hock. If their purchases are sound enough, then move on to an ordinary credit card, encouraging them to pay the balance the end of each month to avoid interest charges. When your kids go out to make purchases on this card, they may be tempted by same-as-cash purchase offers, in which buyers of items like appliances are allowed to borrow interest-free as long as they pay off the balance within a set period (usually six months). Some financial planners advise against using same-as-cash. "It disassociates the cost from the benefit.
วันพฤหัสบดีที่ 8 ตุลาคม พ.ศ. 2552
Gas Rebate Credit Cards May Not Be The Best For Reducing Your Gas Costs
Gas Rebate Credit Cards May Not Be The Best For Reducing Your Gas Costs
Gas rebate credit cards are presented to you with the promise of getting money back for purchases you make at gas stations. Typically they offer larger rewards at the beginning to entice you to apply for the card but you soon find out that the larger rewards are usually only for a short time.
After the initial period those cards offer much smaller rewards. Your 5 or 6 percent rate goes down to 1 or 2 percent. Even at that, you may say to yourself, something back is better than nothing. That may not be true.
If you are a typical driver, you drive a car that gets around 25 miles per gallon fuel economy. You drive about 15,000 miles per year and consequently you use about 600 gallons of fuel per year.
Your annual fuel cost is around $1,500 dollars per year depending on the fuel cost but at around $2.50 per gallon that's your cost. That number in itself is eye opening, that you spend $1,500 per year on gas. That's for one car. A two car family would spend double.
How much are you getting back as your 5% reward? At $1500 per year in gasoline costs, you are getting $75 back. Now if the credit card changes the rate after 3 months to 2 percent (which is very common) you are only getting back $41.
If you have one late payment during the year and the credit company slaps you with a late charge of $39 you just gave up your whole years gas reward. So are you really getting much of a deal here?
Contrast that with Customer Loyalty gas cah back programs that pay anywhere from $100 to $300 per year. Using the same numbers, if you happen to be part of the $300 cash back for gas customer loyalty program you get back $300 for your annual gasoline expenditure of $1500. That equates to a 20% rebate. The best part is, it is not connected to a credit card so there is no chance of a late charge penalty.
Which would you rather have, a $41 refund for fuel or a $300 refund for fuel? Would you rather get a 2% to 5% rebate or a 20% rebate.
The next time you consider getting a gas rebate credit card think about how much you are actually getting back. Think about what that card is actually costing you and how much you actually find in your pocket after using the card for a year. Then think about other alternatives that may make more sense in helping you to reduce you gas expenses.
Gas rebate credit cards are presented to you with the promise of getting money back for purchases you make at gas stations. Typically they offer larger rewards at the beginning to entice you to apply for the card but you soon find out that the larger rewards are usually only for a short time.
After the initial period those cards offer much smaller rewards. Your 5 or 6 percent rate goes down to 1 or 2 percent. Even at that, you may say to yourself, something back is better than nothing. That may not be true.
If you are a typical driver, you drive a car that gets around 25 miles per gallon fuel economy. You drive about 15,000 miles per year and consequently you use about 600 gallons of fuel per year.
Your annual fuel cost is around $1,500 dollars per year depending on the fuel cost but at around $2.50 per gallon that's your cost. That number in itself is eye opening, that you spend $1,500 per year on gas. That's for one car. A two car family would spend double.
How much are you getting back as your 5% reward? At $1500 per year in gasoline costs, you are getting $75 back. Now if the credit card changes the rate after 3 months to 2 percent (which is very common) you are only getting back $41.
If you have one late payment during the year and the credit company slaps you with a late charge of $39 you just gave up your whole years gas reward. So are you really getting much of a deal here?
Contrast that with Customer Loyalty gas cah back programs that pay anywhere from $100 to $300 per year. Using the same numbers, if you happen to be part of the $300 cash back for gas customer loyalty program you get back $300 for your annual gasoline expenditure of $1500. That equates to a 20% rebate. The best part is, it is not connected to a credit card so there is no chance of a late charge penalty.
Which would you rather have, a $41 refund for fuel or a $300 refund for fuel? Would you rather get a 2% to 5% rebate or a 20% rebate.
The next time you consider getting a gas rebate credit card think about how much you are actually getting back. Think about what that card is actually costing you and how much you actually find in your pocket after using the card for a year. Then think about other alternatives that may make more sense in helping you to reduce you gas expenses.
Gas Rebate Credit Cards May Not Be The Best For Reducing Your Gas Costs
Gas Rebate Credit Cards May Not Be The Best For Reducing Your Gas Costs
Gas rebate credit cards are presented to you with the promise of getting money back for purchases you make at gas stations. Typically they offer larger rewards at the beginning to entice you to apply for the card but you soon find out that the larger rewards are usually only for a short time.
After the initial period those cards offer much smaller rewards. Your 5 or 6 percent rate goes down to 1 or 2 percent. Even at that, you may say to yourself, something back is better than nothing. That may not be true.
If you are a typical driver, you drive a car that gets around 25 miles per gallon fuel economy. You drive about 15,000 miles per year and consequently you use about 600 gallons of fuel per year.
Your annual fuel cost is around $1,500 dollars per year depending on the fuel cost but at around $2.50 per gallon that's your cost. That number in itself is eye opening, that you spend $1,500 per year on gas. That's for one car. A two car family would spend double.
How much are you getting back as your 5% reward? At $1500 per year in gasoline costs, you are getting $75 back. Now if the credit card changes the rate after 3 months to 2 percent (which is very common) you are only getting back $41.
If you have one late payment during the year and the credit company slaps you with a late charge of $39 you just gave up your whole years gas reward. So are you really getting much of a deal here?
Contrast that with Customer Loyalty gas cah back programs that pay anywhere from $100 to $300 per year. Using the same numbers, if you happen to be part of the $300 cash back for gas customer loyalty program you get back $300 for your annual gasoline expenditure of $1500. That equates to a 20% rebate. The best part is, it is not connected to a credit card so there is no chance of a late charge penalty.
Which would you rather have, a $41 refund for fuel or a $300 refund for fuel? Would you rather get a 2% to 5% rebate or a 20% rebate.
The next time you consider getting a gas rebate credit card think about how much you are actually getting back. Think about what that card is actually costing you and how much you actually find in your pocket after using the card for a year. Then think about other alternatives that may make more sense in helping you to reduce you gas expenses.
Gas rebate credit cards are presented to you with the promise of getting money back for purchases you make at gas stations. Typically they offer larger rewards at the beginning to entice you to apply for the card but you soon find out that the larger rewards are usually only for a short time.
After the initial period those cards offer much smaller rewards. Your 5 or 6 percent rate goes down to 1 or 2 percent. Even at that, you may say to yourself, something back is better than nothing. That may not be true.
If you are a typical driver, you drive a car that gets around 25 miles per gallon fuel economy. You drive about 15,000 miles per year and consequently you use about 600 gallons of fuel per year.
Your annual fuel cost is around $1,500 dollars per year depending on the fuel cost but at around $2.50 per gallon that's your cost. That number in itself is eye opening, that you spend $1,500 per year on gas. That's for one car. A two car family would spend double.
How much are you getting back as your 5% reward? At $1500 per year in gasoline costs, you are getting $75 back. Now if the credit card changes the rate after 3 months to 2 percent (which is very common) you are only getting back $41.
If you have one late payment during the year and the credit company slaps you with a late charge of $39 you just gave up your whole years gas reward. So are you really getting much of a deal here?
Contrast that with Customer Loyalty gas cah back programs that pay anywhere from $100 to $300 per year. Using the same numbers, if you happen to be part of the $300 cash back for gas customer loyalty program you get back $300 for your annual gasoline expenditure of $1500. That equates to a 20% rebate. The best part is, it is not connected to a credit card so there is no chance of a late charge penalty.
Which would you rather have, a $41 refund for fuel or a $300 refund for fuel? Would you rather get a 2% to 5% rebate or a 20% rebate.
The next time you consider getting a gas rebate credit card think about how much you are actually getting back. Think about what that card is actually costing you and how much you actually find in your pocket after using the card for a year. Then think about other alternatives that may make more sense in helping you to reduce you gas expenses.
วันอังคารที่ 6 ตุลาคม พ.ศ. 2552
Credit Finance, What To Consider Before Applying For One
Credit Finance, What To Consider Before Applying For One
It is important to understand the way that credit finance works because many people have gone into it without fully comprehending the consequences. It is easy to end up amassing debt and having problems that are avoidable if you have discipline. There are many types of credit and it is crucial that you realize what can affect your credit. There are credit cards and loans. It is important that you use them wisely. When you want to get records of your credit history you can view a report. This is especially significant when you are looking for sources of funding in the form of a loan.
The potential lenders will assess your history to see if you are capable of making timely payments. It will show the sort of accounts that you have and your credit limits. Many people do not understand how the various lines of credit work.
It important when dealing with credit finance that you understand the small things like the interest rates, penalties and fees charged. This is vital because usually debt stems from these areas. If you want to get a credit card, it is advisable that you read all the information before you sign up. Having credit in moderation is good because lenders like individuals with low debt in comparison to their income.
Credit finance is a great way to get asset, start a business, and pay bills that would otherwise be difficult to do. It has helped many people achieve their dreams but you must realize that you have to make your payments promptly or you may end up having financial problems.
It is important to understand the way that credit finance works because many people have gone into it without fully comprehending the consequences. It is easy to end up amassing debt and having problems that are avoidable if you have discipline. There are many types of credit and it is crucial that you realize what can affect your credit. There are credit cards and loans. It is important that you use them wisely. When you want to get records of your credit history you can view a report. This is especially significant when you are looking for sources of funding in the form of a loan.
The potential lenders will assess your history to see if you are capable of making timely payments. It will show the sort of accounts that you have and your credit limits. Many people do not understand how the various lines of credit work.
It important when dealing with credit finance that you understand the small things like the interest rates, penalties and fees charged. This is vital because usually debt stems from these areas. If you want to get a credit card, it is advisable that you read all the information before you sign up. Having credit in moderation is good because lenders like individuals with low debt in comparison to their income.
Credit finance is a great way to get asset, start a business, and pay bills that would otherwise be difficult to do. It has helped many people achieve their dreams but you must realize that you have to make your payments promptly or you may end up having financial problems.
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