Monthly Archives: August 2019

Credit Card Debt Finding the Cure

Credit card debt is taking over the country, and most people are charging more due to the recession. This is not uncommon, however, the time is going to come when it is time to repay all of those debts and when that happens, hopefully those of you who have charged more because of lack of money will have what you need to pay off the debt. However, if you are one of the millions of Americans who find yourself in a difficult situation when it comes time for payback, then it is time to collect debt consolidation information from whatever sources that you can find.

When considering what debt consolidation information to use, the first thing that you should do is consider the source. Where did you get the information that you are using, is it an official source? You can get a lot of information about debt consolidation on government websites, which are very reliable sources in the respect that their information will be unbiased and will not direct you to a specific company to use for your debt consolidation.

You will learn in detail from your debt consolidation information about the two different kinds of debt consolidation, credit card consolidation loans and credit counseling services. These are two very different programs, where taking a loan means just that, however, if you have a lot of debt or bad credit you may have to use your home as collateral or get a co-signer to get the loan, which may not be idea. Credit counseling services mean that you allow a company to negotiate with your creditors for lower payments and to eliminate your interest. The downside here is that you have to close all credit accounts or the credit counseling service will not work with you, also, this does show up as a negative on your credit report, although not as negative as not paying your debts.

There are a couple of other options that may not show up in your debt consolidation information like credit card debt settlement, which is paying a company to negotiate lump sum payments with your creditors at a value less than what you owe. Another is to just do it yourself, without the help of any companies. The upside here is that your credit is not affected if you continue to make payments on your accounts. The ultimate goal for any of these plans is to pay off your debt as quickly as possible.

If you are under financial pressure and are struggling to see a way out, why not check out this SECRET INFORMATION that the banks do not want you to know about because it could have you debt Free in as little as THREE YEARS!

How To Protect Yourself From Pre-Approved Credit Card Offer

Have you received before a pre-approved credit card offer that sent to you through your email address? If you are not, then you are the lucky one. Most of people who have access to email are receiving dozens of “good offer” from credit card companies. Low-internet rate and higher credit limit are among the good deals in the offers and the best part is: it has been pre-approved to you. Sound good? Well, before you go ahead and accept one. Ask yourself whether you really need it or not. According to the credit card site, average American household are holding a $10,000 credit card debt. Don’t let you be one of the statistics.

The best way to keep credit card debt down is not to use a credit card. But if you do receive a pre-approved card that intrigues you, at least know what you are getting into before signing on the bottom line:

What interest are you paying? Make sure you understand the interest rate you will be paying for. There are two types of interest rates, fixed-rate annual percentage rate (APR) and variable rates that swing according to the market rate. A better option would be APR because credit card companies have to notify you before raising rates.

The low interest rate being offered is usually only an “introductory rate” which means the rate can – and probably will – increase significantly at the end of the introductory period. This means that balances transferred from higher interest rate credit cards to the new, low introductory rate card could, over the long run, actually cost you more in interest payments. So, be aware of the terms and conditions before you sign to accept the card.

Know that a credit card may carry more than one rate. You may not aware that most of credit cards carry more than one rate. The balance transfer and cash advance normally have higher interest rate. Interest rate shows in the offer normally is the interest rate of your purchases with credit card. Hence, at the end you probably pay higher interest rate if you have balance transfer or withdraw any cash advance with your credit card.

Credit card companies may raise the interest rate if you have late payment. Some credit card companies will immediately raise your interest rate from introductory teaser rate to the regular rate if you are late just one time.

Don’t accept the new credit card offer if fee involved. If there is fee involved with your new credit card, don’t accept the offer. Why pay a fee for a credit card when, with good credit, you don’t have to? If you have good credit, there are many other better offers which you can choose from.

Many of these cards are just preliminarily approved. This means that when you actually apply, the credit card company will reviewing your credit report in full as well as verifying information provided on your application. Terms and conditions may change according to your qualification, such as higher interest rate or smaller credit line. And if your application is rejected, it could cause at least minimal damage to your credit report.

So, in order to protect yourself, you need to carefully read all of the fine print in the offer and, if you don’t fully understand and like everything you read, throw the credit card offer away. Even if you fully agree with the stated terms and conditions, do some calculations to be sure that the lower introductory rate, especially in the case of balance transfers, will actually save you money over the long run.

Car Finance For People On Benefit – Fast Cash For Owning A Car

Those UK people who are physically challenged and have very little money in hands, they can also think of owning a car. They can search the market for car finance for people on benefit as these loans are made especially for them in order to make the financing more easily accessible.

The finance is given to these UK people who are presently getting a fixed benefit amount from the Department of Social Security. The department regularly offers a fixed monthly amount of money to them for their personal use. It is this benefit amount that the borrowers can use for car financing as well. Since the applicants get regular benefit amount, they can repay the loan installment on the due date.

Car finance for people on benefit allows them to borrow any amount of loan for the purpose of repaying the car loan installments. Clearly, the monthly outgo for such installments will be smaller due to limited earnings of the physically challenged people. This also means that the loan amount will be approved for longer period.

If the applicants can provide some property for collateral, then they can borrow greater amount of loan for car at lower interest rate. Such a loan will be less burdensome as well. However, they can also borrow an unsecured personal loan if they do not have such a property for collateral. Such a loan will be for shorter period few years and interest rate will be little higher. Bad credit history, if any, is also well accommodated by the lenders in giving the loan.

We advise you to first compare as many offers of car finance for people on benefit as you can. The Internet is good source of affordable loans as the interest rate is competitive. So, compare these car-financing offers and settle for the one that suits to your repayment capability. Surely, you can own a car in a smoother manner these loans.

Free Credit Score & Report

You may get a free credit report from every of the three main credit score reporting businesses each twelve months. There are three ways to request the free credit report. The primary is through the web, the next is through telephone and the last is thru submit mail. You will discover the small print of the contact strategies on the FTC’s website.

You have to to have a few of your private info helpful when requesting the free credit report. It’s primary data that you will simply keep in mind in most cases. The first thing is that it’s essential to have your name. You must also Social Security number. Not everyone has this memorized, but you will have it for the request process. Additionally, you will be required to supply your date of birth. Those are fundamental identifying information, but there are a couple of different things needed to get your free credit report. Your deal with will be requested. This can be a bit tough if in case you have moved and not up to date your credit score report data yourself. In some circumstances, you may have to supply a previous address. There could also be further identifying questions as well. These could embody the amount of month-to-month funds, for example. These questions may differ from reporting company to reporting agency.

The process is fairly fast too. If you select the web request you will be able to entry your free credit report online instantly after efficiently completing the request process. For phone requests the free credit report will be mailed to you inside fifteen days. With submit mail requests the report is mailed to you within fifteen days of the request’s receipt.

In some instances, the reporting agency may have further time to verify your identity. In these instances, the method may take longer. There may additionally be times if you end up requested to re-submit the request. The reporting companies will often inform you if it is going to be longer than fifteen days though.

If, for example, you’re denied for credit score you’ve gotten the appropriate to request your credit report for free of charge as well. This applies when your credit report is a consideration in the decision. You do must make the request inside sixty days of the denial or other destructive action.

Your credit score report is waiting. You probably have never seen what others have been reading about you now’s your chance. You can request a report from one of many companies or all three for free.

So hopefully now you see getting a free credit score could be straightforward and helpful however one should at all times be very cautious in this in order to reap the total benefits of the report. If you or anyone is in the market to receive a free credit score it is worth taking a look at this site that is offering a Freecreditreport they offer more tools and helpful information so feel free to visit

New Credit Card About Restrict Payment Laws – What You Don’t Know Can Even now Hurt You

The Credit score CARD (Credit Card Accountability, Duty, and Disclosure) Act of 2009 was signed into law on May possibly 22, 2009, and took effect on in it’s entirety on Feb 22, 2010. It attempts to adjust some of the additional unpopular policies utilized by credit score card corporations. Credit card issuers have been producing a significant portion of their revenue in latest many years not from the interest they cost, but from the myriad charges they charge shoppers. There are many of these, and some have been utilised for a prolonged time, this kind of as month to month fees. People today anticipate to spend like charges, and if they don’t like them, they can use a single of the several cards with out month-to-month costs. There are some fees that you can not escape unless of course you are extremely cautious, on the other hand.

One particular of the most insidious charges in this category are ones that card holders are charged for going about their credit score restrict. In days gone by a cost would merely be denied if the card holder attempted to charge an item that place them around their credit score limit. These days are gone. IN the guise of usefulness, card holders recognized that they were overlooking a possibly extremely lucrative income

After the determination had been created to implement this kind of charges, the card issuers jumped aboard the bandwagon with a vengeance. According to the 2008 Client Motion credit card survey, 95% of all consumers report that their credit card has an around the restrict charge, while that will doubtlessly adjust with the enactment of the new law. The typical price is about $29.00 and can be charged on a per event basis, while some issuers charge only 1 charge for exceeding the restrict.

Pity the card consumer that heads to the mall for a bit of purchasing, absentmindedly forgetting that their credit card is shut to the restrict (heading to the mall with maxed out credit score cards is a subject for yet another day). They could simply rack up hundreds of bucks in new costs for exceeding their credit limit. Don’t forget, individuals charges are charged per event.

So, if you went to Macy’s for illustration, and charged $127.00, but only had $125 left on your card’s available harmony, you would be issued a $30 charge on leading of the $127.00. Then you went to J.C Penny and charged yet another $68.00. Once more, you would be hit with the $30. All that buying produced you hungry, so you head to the meals court for a spot o’ lunch. Right after consuming $7.50 really worth of Chinese food, your credit score card stability would boost by $37.50; $7.50 for the lunch, and $30 for the charge. You head for property, purchases in tow, getting rang up a complete of $202.50 in purchases and $90 in new costs.

In the excellent outdated days, you would have basically been informed by the friendly Macy’s employee that your credit score card had been declined and that would have been that. You’d be a bit embarrassed, to the extent you can be embarrassed in front of a person you don’t even know, but would head residence with your finances a lot more or less intact.

1 could quickly suspect that the total fee fiasco was a plot brewed up by the merchants and the lenders in purchase to extract every very last penny from your wallet. After all, not only do you spend the financial institution hefty charges, but your purchases are not declined, leaving you deeper in debt, but in possession of some good new clothing. The financial institution wins, the merchant wins (both at least temporarily) and you drop.

Congress has now stepped in to shield consumers from their individual credit irresponsibility by enacting legislation ending about the restrict costs. There is a catch on the other hand. You can still opt in to these kinds of fees. Why would everyone in their right brain opt in to an around the limit charge on their credit card? Wonderful query!

It is since the credit score card firm provides you some thing back in return, in most cases a reduce interest fee or modified yearly price construction. The new Credit CARD act enables businesses to even now cost about restrict costs, but now buyers have to opt into such options, but shoppers will typically have to be enticed into performing so, generally with the promise of decrease charges elsewhere, or decrease curiosity charges.

A thing else that is prohibited by the new Credit score CARD law is the the moment prevalent practice of letting a month-to-month payment, or service cost trigger the around the limit charge, some thing that enraged a lot more than a single buyer. Credit card businesses are now only permitted to cost a single about the limit charge per billing cycle, which is generally about 30 days.

Other Credit CARD Act Protections for Card Holders

Sudden Fee Increases Other new protections given by the Credit score CARD act include things like the abolition of the common practice of instantly increasing the card’s curiosity fee, even on preceding balances. This practice is akin to the loan company for your vehicle mortgage instantly determining your interest price of 7% is just as well lower, and raising it to 9%. Now that practice will be eradicated. Businesses can even now elevate interest prices on your cards, but immediately after a card is much more than 12 months outdated, they can only do so on new balances, and ought to not charge a substantial curiosity rate for balances that are much less than 60 days past due. The exception to this is if cards are variable rate cards that are tied to a single of the many index curiosity prices, this kind of as the prime fee or LIBOR. In that case, the curiosity charge can improve, but only on new purchases or money advances, not current ones.

Grace Intervals and Notification When card holders substantially transform the terms of your card agreement, they ought to now give you a 45 day written notice. The truth that they can alter the terms of t agreement at all continues to elevate the ire of a lot of buyers and advocacy organizations, but other people consider it the value to be compensated for like effortless access to credit cards. Businesses now have to give he customers the alternative to cancel their cards ahead of any price increases get impact.

Timely Billing Delivery and Billing Cycles

The practice of mailing your bill only days earlier than it is due should now come to an finish as nicely. Heading ahead, credit score card organizations should mail expenses to buyers at least 21 days prior to the due date. This ought to enable even the troubled U.S. Postal service to get them there on time. Contemplate that they will probably have to arrive on a weekday, due to the fact Saturday delivery will quickly be heading the way of the Dodo and Passenger Pigeon.

As opposed to in days of yore, your credit score card’s due date ought to be constant. So, if your bill is due on the 26th of the month it will constantly be due on the 26th of the month. No much more paying out your bill on the 24th one month and getting 2 days early, only to discover you are a day late the following month when paying out on the 24th, simply because this time the bill was due on the 23rd.

These protections will surely aid some buyers in these troubled financial occasions, but they have buyer advocates questioning if they go far sufficient. The very best point is to not use your credit score card unless it is completely required. Often you practically have to use a card, these kinds of as when traveling or paying for things on the internet. When your card carries a stability, spend it off each month. If you can’t to so, except beneath extenuating conditions this kind of as main vehicle repairs, property repairs, or health-related expenses, consider to modify your investing so that you can. That is the only way to get back at the credit card firms if you believe their practices have been unfair.

Why is Good Credit Important Discover the Whole Truth About Your Credit Score & Your Future

In this article we are going to quickly cover the importance of a good credit rating. The simple truth is that for many people, while they RECOGNIZE that their credit score plays a big part in their lives, they don’t have any TRUE idea of how far that influence extends. In my view, your credit score may in fact be the most important number in your life’s overall happiness and well being! Sound far fetched? Continue reading on below!

The Damage that Bad Credit Can Do To Your Life is Astounding

I have felt the effects of bad credit personally, and can tell you the damage extends far beyond simple financial concerns. Did you know that at one point in my life I was turned down for a series of high paying jobs I was MORE than qualified for…simply because of some credit negligence I displayed in college? It’s true….and while this certainly had a financial affect on my life, it wreaked havoc on my self esteem, where I lived thereafter, my ability to turn on utilities in my apartment, get insurance and EVEN on the relationship I had with my girlfriend! (sort of like those commercials you see on TV with the guy who ends up working in the chain restaurant after marrying the girl with terrible credit!)

Bad Credit Decisions Can Affect Everything

I truly wish that people understood the destructive nature of their credit decisions BEFORE they make risky choices! The simple truth is that you can repair a derogatory credit rating, but it’s much easier to simply avoid putting yourself in the position to begin with! I’ve been on both sides of the financial street, and can tell you it’s a much smoother road with a score that looks good on paper…and makes YOU look like a risk worth taking to boot!

And Remember……Credit Repair is NOT difficult. Living with Bad Credit though…..CERTAINLY IS..:-)

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Atm Machine – A Detailed Study

Every time someone starts getting closer to an empty wallet, they rush to their nearest ATMs for a refill. An ATM machine can be found anywhere and everywhere these days. Today, when people are working at break-neck speed, they do not get time to visit banks for an elaborate process of money withdrawal. An ATM is a boon for mankind. An ATM machine is like a blessing in disguise, for the financially crippled masses.


The automatic teller machine, better known as ATM, was invented in the year 1939 by Luther Simjian. It was patented the same year. However, the design was not successful, but it made way for the modern ATM machine, which was designed by James Goodfellow in the year 1966. Although, these machines existed in those times, but due the absence of computer connectivity, not everybody got the privilege to use them. It was only in the end of 1980, that the use of ATM started catching up like wild fire.

Pros And Cons:

Where there is a technology, there are various pros and cons attached to it. Similarly, an ATM machine also has many advantages and disadvantages. The most important advantage is the assurance, that you can get access to money at any given time of the day without any hassles. For example, if you are at a shopping mall and you don’t have enough cash to pay for your shopping, you can always withdraw money from the nearest ATM, or you can also choose to pay from your debit card. This also allows you to visit anywhere in the world without money, all you need is an ATM card.

While using an ATM, there are various things you need to keep in mind. There are various ATM scams happening these days. You have to be extra cautious with your card. The cheats often use your discarded transactions slips to trace your bank account numbers. Before entering an ATM, always make sure there are no hidden cameras installed. Being careful is the best thing you can do to avoid being conned.

With the growing technology an ATM has become an absolute necessity for the common people. For details refer finance guide.

Cheryl Ross is associated with various financial organizations. She writes articles and editorials on different finance resources.

How To Improve Your Spending Habits

Money does not grow on trees. Many people learn this old clich the hard way. When you become buried under a pile of debts because of unhealthy spending habits, you can blame it on the credit cards, on medias glorification of branded and expensive products, or on your friends whom you want to keep up with.
However the truth is, there is really no one else to blame but you. As an adult, you are responsible for spending your money and for spending it the right way so that you dont end up deep in a financial problem the next day you wake up.

Below you will find some practical information on how to improve your spending habits.

Recognition of the Problem

The first step in improving your spending habits is to recognize the problem. Not only do you have to admit to yourself that you need to correct your financial tactics, you also have to study and analyze your spending patterns in order for you to determine the areas you need improvement. Other than that, you should also ask yourself the following questions:

Do you usually find yourself wanting to spend just for the sake of being able to buy something?
Do you buy things that you dont really need or want?
Do you have that urge to keep up with the latest fashion or buy the latest gadgets?
Do you believe that spending money is the best way to enjoy and have a great time?

Impulse Spending

Answering these questions would lead us to the next topic, which tackles impulse spending. Letting yourself buy things on impulse is never a healthy spending habit. If you are prone to this, the best way to resolve it is to look for factors that trigger your desire to spend. In short, eliminate sources of temptation.

For example, if you find yourself spending more than you usually do whenever you have your credit card with you, then it is best that you leave this at home at all times. Now, if you are the type who cannot resist a new pair of designer shoes then the smart thing to do would be to avoid going to shoe stores when money is tight.

Credit Card Use

People should be aware that the using plastic money comes at a cost. Sometimes, this can even take a toll on a persons financial health. To be money-smart, avoid using credit cards as much as possible. Use them only when you have no other choice and only for expenses that are very important. Dont make purchases with your credit card for everyday items like food, grocery, clothes, bills, utilities, and so on. Dont be contented on paying just the minimum. Doing this would only extend the debt and incur more interest charges. Save money for emergencies instead of relying on your credit card.

Financial Perspective and Attitude

Improving your spending habits also have to do with changing your perspective and attitude regarding money and in life general. Most of the people who become deep in debt are those who rely on material things for happiness. False values, wrong priorities, discontentment, and the desire to keep up with the Joneses are the other things that cause people to spend more than what they can afford. Living within your means may not mean living the dream but if you are money-smart and you save money for your future, you can experience this someday. On the other hand, if you force yourself to live a big life today even if you cannot afford it, you may wake up one day with nothing left.

Of course, when the inevitable happens and you find yourself trapped in debts even if you think you have done everything to improve your spending habits, there are effective financial strategies that would help you cope with the situation more easily. One of these is debt consolidation loans, which allow you to combine multiple loans into one that has a lower interest rate and monthly payment. But be sure to use debt consolidation calculators and get professional advice so you can determine if this is the right option for you.

How Credit Card Debt Can Affect Your Marriage

A New Horizon is a well established Credit Counseling company with over 14 years experience as a non-profit organization assisting individuals and families from all walks of life in regaining control of their finances.

Marriage in these difficult economic times can be stressful enough, but when both spouses have credit card debt, it can make things even worse. Stress can sometimes lead to arguments and problems within a marriage and unmanageable credit card debt can be the leading source of this stress. When partners begin to blame each other for the financial situation that they may be in, it can’t be good for the marriage. The Federal Reserve says the average household in 2009 carried nearly $5,100 in credit card debt and is expected to go up to increase to nearly $6,500 by 2010.

Both spouses attach little value to the other’s purchases, which leads to problems, especially if the new toys contribute to credit card debt. The stress of financial problems is compounded because neither party feels the other’s purchases were warranted or have value approaching their monetary cost. Cynthia Cooper, Ph.D, marriage counselor and author says that 43% of married couples have marital spats over money and spending issues.

One approach, instead of wasting time and energy on finger pointing, is to concentrate on solving the problem by getting your credit card debt in order and maybe even trying to pay off the debt entirely, if possible. At the very least, identify a solution like contacting a reputable credit counseling company to assist you in paying off this debt. This will probably bring the two of you even closer together.

Couples can have arguments all the time about things like who will do the laundry and even how the kids should be disciplined, so having a disagreement about something like how to handle credit card debt is not uncommon – It’s likely! One person may want to attack the credit card debt aggressively until it’s paid in full, while the other person might prefer to make minimum payments so they can save up to pay cash for a vacation. Having unmanageable credit card debt is something that never brings two people closer together – normally.

Some marriage experts say having financial problems such as credit card debt is the single biggest reason for filing a divorce, while some other experts in the marriage field suggest that financial difficulties might just be a default problem that couples can blame all of their other problems on.

For more information on how credit counseling may help you with Debt Management, and avoiding problems within a family contact Stuart Lieberman who may be reached at (800) 556-1548 Extension 1126.

Using Card Bin Numbers Databases To Prevent Credit Card Fraud Online

As many business owners are aware, fraudulent credit card charges results in millions of dollars in loss from businesses around the globe every single year. Owners of businesses are susceptible to these losses as the majority of transactions that are completed through the e-commerce platform are created using credit cards – and therefore increasing the chance of loss through credit card fraud.

Taking the time to implement a secured credit card bin numbers system to reduce credit card fraud through the verification of the transactions that are completed online can be an effective way to reduce charge backs and other fees that accrue when the merchant becomes a victim of credit card fraud.

How can the merchant use credit card bin numbers to protect their business?

Using credit card bin numbers databases, the merchant is able to increase the level of protection while completing credit card transactions through secure verification techniques that are performed each time that a credit card transaction is completed. Using the information available through the bin databases, the merchant is able to confirm the credit card number, type of credit card, issuing country and other information through the simple first six digits of the credit card number, referred to as the bank identification number.

E-businesses are able to use the information found through these database systems to confirm the validity of the credit card and therefore reduce the instance of credit card fraud that is going to cause the online business to take a loss in profits, as well as a loss of inventory through fraudulent charge backs when the customer has already received the merchandise.

Using the information that has been found relating to the credit card, the merchant can make the decision whether to approve or decline the credit card transaction. Useful information found throughout the database search will include the country of origin of the credit card, as there are some countries that are synonymous with credit card fraud and high levels of fraudulent activity. Through a simple bin database search, the merchant is able to program the transactions to approve or decline these types of transactions, based on the findings that are displayed after the simple search of the six digit bank identification number of the credit card.

Credit Card Bin Numbers and Prepaid Credit Cards

More and more of the fraudulent credit card activity that is being reported is being reported for customers that are using prepaid or gift credit cards. Many online businesses have red flags that come up when these types of cards are being used and can therefore allow the business owner to flag the transaction to have a closer look at the details, or use the card bin numbers search to make the final decision of whether the transaction is going to be approved.

Online businesses can set the database system to work to their specifications, allowing for intervention and further investigation when required. Using this method, online business owners can reduce the instance of fraud using credit cards and protect their assets and finances from credit card fraud.