May 20th, 2012 — 02:36 am
The next time you open your credit card statement, take a closer
look at the small insert titled 'changes to your credit card
agreement'. You know the one I'm speaking about. It's that
small, folded paper written in legalese that you promise to read
some other time (but of course that time never comes) or you
just discard it with the other 'junk' inserts.
First and foremost you must understand that using your credit
card after you've received this notification results in your
automatic ...
Continue reading »
May 19th, 2012 — 02:41 am
You're probably thinking "Tell me something I don't know" but in
this time of low interest rates you might be thinking that
you've got a great deal since credit card interest rates are
low. Wrong. Credit card companies have a cutoff as to how low
their interest rates will go. So when interest rates are low for
lending, that doesn't mean your credit card rate will be low as
well. If you don't know, or aren't sure, if your credit card
company has a minimum interest rate just look at the fine ...
Continue reading »
May 18th, 2012 — 02:41 am
h2>The Beginning of the Credit Card Era
In 1951, Diners Club issued the first credit card to 200
customers who could use it at 27 restaurants in New York City.
From that modest beginning, credit cards have become an
indispensable part of modern life. Consumers rely on credit
cards to help them achieve their lifestyle goals by letting them
take advantage of special bargains, spread payments out over
several months, and provide cash in emergencies. Credit cards
have become so widespread that ...
Continue reading »
May 17th, 2012 — 02:36 am
No matter what your credit history is the simple fact is that at
some point in your life you will need a loan. If you have a few
black marks on your credit report and you are feeling that your
bad credit will not enable you to qualify for loans, do not feel
despair because there are banks that will lend to people in your
situation.
If you are seeking a
bad credit personal loan there are a few things to
consider. Since you are looking for a loan and you do have poor
credit you should make sure ...
Continue reading »
May 16th, 2012 — 02:38 am
Ten steps to building a good credit history
By Drahcir Semaj
Are you thinking of buying a house? Do you want to buy a new car
to replace that old wreck? Trying to get insurance on you home,
auto, or life? In each of these situations, what's on your
credit report will determine if you can get a loan or insurance
and what rates you'll have to pay.
If you're trying to build or repair your credit history, you
have a daunting but not impossible task in front of you. Lots of
people have been where ...
Continue reading »
May 15th, 2012 — 02:43 am
Why Bad Credit People Pay Higher Rates by Dave Czach
Let's face it. People with credit problems pay higher rates for
the same reason people pay higher auto insurance premiums -
risk. Virtually everyone knows if you receive a traffic ticket,
you get points on your driving record and an increase in your
insurance premium. Why? Because the traffic ticket has created
an emerging pattern of risk. If you got one traffic ticket, the
chances of receiving another one are now greater than when you
had no ...
Continue reading »
May 14th, 2012 — 05:31 am
From Bangkok to Edmonton, credit card statements stuff mail and
email boxes with payment deadlines. Every bill reminds the giver
that gifts given freely do not come free. Giving and buying
often exceed generosity and need as a brittle piece of plastic
becomes an avaricious spoiler of hopes and dreams.
During this week, two families emailed me about credit card
debt. One family lugs $12,000, and $50,000 shackles the other.
Each family wants relief; however, debt accumulation comes
easily while ...
Continue reading »
May 13th, 2012 — 02:27 am
I never thought much about my credit before. It wasn't until I
was in the process of buying my first home was my credit really
called into question. When I first spoke with my mortgage lender
was first real wake up call I had. He then proceeded to give me
some useful information about credit that I would like to share
with you.
There are three major different credit reporting agencies. They
are Experian, Equifax, and Trans Union. Each of these agencies
contain seperate reports on your credit ...
Continue reading »
May 12th, 2012 — 02:56 am
Legislators in Washington, D.C. are considering several
credit-related consumer protections as outlined in The Fair and
Accurate Credit Transaction Act of 2003 (H.R. 2622). If
approved, consumers could benefit from the most wide-ranging
changes to the rules covering consumers and credit in decades.
One of the most important changes would be the right to receive
a free annual copy of your credit report, upon request, from the
three major credit reporting agencies: Equifax, TransUnion ...
Continue reading »
May 11th, 2012 — 03:04 am
We all get them from time to time. You know, the sealed envelope
in the mail that have a written message such as "You've Been
Pre-Approved For A New Credit Card From..." If you are like me,
you file them away- usually in the trashcan or shredder!
Throughout many years of receiving those offers however, I've
noticed many loopholes that anyone can use to their advantage.
Weather you already have credit cards or still receiving new
offers the following six secrets are what I learned to ...
Continue reading »