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วันพฤหัสบดีที่ 17 ธันวาคม พ.ศ. 2552

Credit Cards in the UK

Credit Cards in the UK

Credit cards are pretty popular and in widespread use in UK. Credit cards are accepted at most shops and other merchant stores/outlets. As in the US, UK credit cards too are on offer from various banks and financial institutions. Again, UK credit cards too offer a number of benefits which vary from one UK credit card to another (though there are a lot of common benefits too which are same across various UK credit cards).

Due to the fierce competition in the UK credit card market, various UK credit card suppliers offer attractive balance transfer schemes too. There are some UK credit cards that offer 0% balance transfer for 9 months and there are others that offer 0% for 6 months. However, the catch here is that these UK card credit suppliers differ on their standard APR rate i.e. the APR rate which comes into effect after the expiry of the introductory 0% balance transfer offer. Further there are some UK credit cards that do not offer a 0% balance transfer but instead offer a better standard rate (APR) throughout. Some UK credit card suppliers combine 0% offers with accrual of points on a rewards programme. Another popular thing among UK credit cards is to combine cash back offers with balance transfers. Then there are some very attractive offers which give 0% not only on balance transfers but also on Purchases (for a short period like 5 month or so). You also have a few UK credit cards that can be procured by people with bad credit history too (of course, the decision on approval of such a credit card application will lie with the credit card supplier).

So what does one do if one wants to transfer balance to another UK credit card. Well, it's quite simple. You need to take stock of your current financial situation and determine if a period of 6 months or 9 months (or maybe even 12 months) would be sufficient for you to fully payback the dues on your UK credit card. If the answer is in the affirmative, just go ahead for the UK credit card that offers 0% balance transfer for this period (even if the standard APR rate is a bit higher). However, the assumption here is that once you payback the debt on your UK credit card, you will stick to controlled spending and will pay your credit card bills in full amount by the due date for payment; otherwise, the choice of a higher standard APR will hit you very hard and you will be in deeper trouble. However, if you think that 9 months is not sufficient to pay back the debt on your UK credit card, then you should look to strike a balance between the zero APR period and the standard APR rate, and choose a UK credit card which leads to the least total outgo (you will need to sit with a calculator and calculate the total outgo on various UK credit card offers).

This is the most basic aspect that you need to consider before you decide on which UK credit card is the best for transferring balance. Other things like 0% on purchases, reward programmer points etc are secondary things.

วันอังคารที่ 8 ธันวาคม พ.ศ. 2552

Help Students Stay Away from Student Credit Card Debt

Help Students Stay Away from Student Credit Card Debt

As a college student, you may agree that life is not easy all the time. Aside from the challenges of dealing with peers and professors, passing exams, and keeping up with the daily school activities, financial issues can also add to the pressure. Many college students today find themselves confronted with the burden of debt on their shoulders.
According to surveys, students with bad credit all have one thing in common - unpaid student credit card debt. According to the Consolidated Credit Counseling Services Inc. 40% of college students get at least one student credit card on their freshmen year, while 20% apply for student credit cards while they're in still high school.

True, getting approved for a student credit card is fairly easy and owning a student credit card does have its advantages. Unfortunately, most students with credit cards don't know how to handle their student credit cards correctly. A study conducted by Nellie Mae, a leading student loan lending company, reveals that in 2001, 83% of undergraduate students own a credit card- each with existing balances that amount to $2,327 on average. Imagine how difficult it could be for a student to pay off a credit card balance of $2,000 in full.

Surviving Student Credit Card Debt

Are you a student yourself? The best thing to do to avoid student credit card debt is to handle your student credit card with caution. Financial experts agree that student credit cards can be a great tool in building your credit history. But don't let the convenience of a student credit card lead you to overspending and eventually, bad debt.

What every student must realize is that each time they use their student credit card for a purchase or for a charge, he or she has the obligation to pay it back on time. Other students may reason out that they have the option to pay only the minimum payment required and carry over their balance for the next billing period. But such reasoning can easily lead to unmanageable debt. Remember, if you carry over your balance from month to month, you incur the high interest rate charges and you increase the risk of building up debts in your account. That is why, all credit card holders - not only students - are advised to pay off their monthly balances in full at all times.

Parents also play a big role in helping young people understand their obligations as new credit card holders. In choosing a student credit card, you can work with your teen-ager and guide them with their choice. You may share your own experiences as a credit card owner as well. You may also recommend a particular student credit card that you think offers the better deal. Encourage your kids to read the credit card's Terms and Conditions in full so that they can personally understand what they're signing up for. Emphasize the importance of building a credit history. Teach your kids how they can take care of their credit and keep it in a good or excellent status.

วันจันทร์ที่ 7 ธันวาคม พ.ศ. 2552

Apply Credit card without any hassle and avail facilites

Apply Credit card without any hassle and avail facilites

Direct payment facilities and the availability of cash with any two cards are an excellent financial partner. If you want to direct payments or financial crisis, a credit card, help needed. Do you intend to apply for credit? Some of the instructions are written for you.
Some credit card companies, banks offer credit card facilities. You can meet them in person. Case to obtain a better agreement, which compares various credit is much more useful.

If you are a bit timing, the online option is the best choice. Some credit card companies offer services online. You can apply for a credit card over the Internet, you no extra effort. Sites, credit card services are always available. Front, you can request a credit card at any how.

Possibility of online application is simple. To think that when the turmoil of extra paperwork in front of the application for a credit card. Online credit card application is simple and easy. Here you should fill in an online application to get you to the site only. Filling out an application, you can hardly spend 5-7 minutes. Then you can automatically contact the company. Online information about the sites are safe for our customers, so you should not fear the security of your information.

Although applying for a credit card, many people are trying to lower credit card. In such cases, where some things in mind, it is necessary. Many credit card companies, which are attractive to people who talk about low credit card. But many times, some of the hidden costs are included in the card. So the first carefully read the terms of the card and then apply for a credit card.

Many of the companies offering 0 interest free credit card during the month of April or during the open. After the end of an interest rate increase. So make sure what the advantage is of benefit to you or to any other

What is a credit score? Include it in first and then apply for a credit card. You know, a good credit score is always the best way to answer the question low. So, first check your credit score is excellent. To check your credit score to help the various credit rating agencies may also be useful.

Increased competition has established various credit to bad credit people. If you have a bad credit scorer, you can also apply for a credit card without worrying about your bad credit score.

So, start looking for an application for a credit card.

วันศุกร์ที่ 4 ธันวาคม พ.ศ. 2552

New York Credit Card Debt Settlement and California Credit Card Debt Settlement

New York Credit Card Debt Settlement and California Credit Card Debt Settlement

When searching for New York Credit Card Debt Settlement and California Credit Card Debt Settlement help, you may want to check out www.emergesettlement.com and discover why most people searching for help with their New York Credit Card Debt Settlement and California Credit Card Debt Settlement problems, choose them immediately. If you have looked at credit card debt programs, then you should know they are generally funded by the credit card companies themselves and probably not the best choice for New York credit card debt settlement and California credit card debt settlement. The intent with these is to assist you in paying back your debt IN FULL. With these types of companies they consolidate your bills into one monthly payment with possible lower interest rates and fees. However going this route can result in you taking 4-7 years to pay down. With those credit counseling compnaies, overall fees of an average credit counseling program are equivalent to or greater than those of a debt settlement programs. So this means that you will end up paying back your full balance plus some interest. This is often viewed by lending institutions as similar to Chapter 13 Bankruptcy. Also If you miss multiple payments, you may be subject to paying back past interest at your prior to program rates. So the other option is to choose Emerge America to assist you relieve the stress of dealing with New York credit card debt settlement and California credit card debt settlement problems. You can visit their site at http://www.emergesettlement.com and discover more info on dealing with New York credit card debt settlement, California credit card debt settlement, and more debt issues you may be dealing with.

วันอังคารที่ 1 ธันวาคม พ.ศ. 2552

Interest Free Credit Cards - Top 6 Tips

Interest Free Credit Cards - Top 6 Tips

An interest free credit card can be a sensible way to consolidate debts or make a purchase without paying high monthly interest. But it will only work for you if you remember when the offer ends and repay the balance before then.
1. Compare a range of cards across different providers

You may feel it is easier to stay with your current lender but it is important to research all different types of card - they will have different terms and conditions depending where you go, and depending on your current credit rating.

2. Look into the main different types of card to decide which is right for you

There are two main types of interest free cards. 0 per cent on purchases credit cards are best for people without any current debt and usually need to be paid off in full before the promotion period ends. 0 per cent balance transfer cards work better for people who wish to stop paying interest on debts they already owe. These work well for people who have debt but can pay it off within the time period specified - usually 6-12 months.

3. Don't make purchases on a 0 per cent balance transfer card

If you choose to go with the 0 per cent balance transfer option, remember, this will usually mean that any purchases made on that card will incur a high interest rate. It's important to focus on paying off the debt and to be careful not to use this card to make purchases.

4. Pay off the balance before the promotional period ends

Credit providers make their money from people who forget to pay off their debts on the card before the interest free offer ends. In most cases, these types of card will incur very high interest payments later on to recoup any loss made from the free period - make sure you remember to pay it off before then!

5. If you won't be able to pay off the debt in time, don't choose an interest free card

If you may take a longer time to pay off your debt, or are concerned you might forget to pay off the balance in time, a lifetime balance credit card may suit your needs better. They allow you to pay off a larger debt over a longer period of time. While you sill pay interest, it will be a lot less than leaving the debt with the interest free card for a long period after the interest free promotion period has ended.

6. Remember to read the small print before signing

Never sign an agreement unless you know you can keep up the monthly repayments and are absolutely happy with the terms and conditions. Otherwise you could be met with unpleasant surprises later on, such as extremely high interest on repayments further into the future.

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