Monthly Archives: November 2019

Credit Card Bill Too Hard To Handle – We Can Help

Summary: As it is now January, the bills are about to arrive pretty soon. If you used your credit card a lot in December, you will probably be worrying about the amount that you would have to pay.

I would not be surprised if you answer yes to that question. After the long holiday period, most of us have probably depleted our financial reserves. And more often than not, the good old piece of plastic has had one swipe too many as well. As it is now January, the bills are about to arrive pretty soon. If you used your credit card a lot in December, you will probably be worrying about the amount that you would have to pay.

Where in the world are you going to get that money to cover at least the minimum amount?

Here is one option – get a payday loan! I am sure that you have some money coming in but then it might not be enough to cover all your bills and daily expenses, right? If so, then a payday loan would be perfect to cover your credit card bill – at least the minimum required payment. There are a lot of payday loan lenders in the UK today. One good thing about them is that a lot of them operate online. This means many things but perhaps the most significant implication is the speed and ease by which we can apply for and acquire a payday loan. Since they carry their operations online, we only have to log on to the Internet and carry out all the transactions from there. There is no need to brave the traffic – which is sure to be bad during the first week of work – and waste a lot of time trying to get a loan. All that you need to do is to go find the web site of a payday loan lender that you want to borrow money from. You then have to fill out the application form that can be found on their site. Once you submit this, you will have to wait an hour or so to get the approval notice. You will most certainly get approved if you make sure that you meet the following requirements:

1. Be a citizen or a resident of the United Kingdom

2. Be at least 18 years of age

3. Have a current bank account

4. Have a regular source of income.

Do take note of the last requirement as this takes the place of a credit check. This means that you have to be able to prove that you are earning enough and that you are receiving enough money on a regular basis in order for the payday loan lender to approve your payday loan. Your most recent pay stubs or financial statements will be enough proof for this requirement.

As you can see, it is very convenient to take out a payday loan. After applying for one, you do not even have to do much work anymore. You just need to sit back and do whatever it is that you need to do and wait for the money to be deposited into your bank account. If your bank account has online transactions activated, you can also pay your credit card directly without having to leave your desk!

Author Bio: Author, has been associated with online payday loans in UK. After completing his Masters in Finance, he is working as a financial advisor for the cash advance loan. Find more about payday loans uk here.

Preventing Credit Card Frauds!!!

To make sure that they are no frauds on Credit cards, Rbi has issued some guidelines for online usage and made it mandatory for Credit card companies to follow the rules from 1st Aug 2009.

This is a very positive step to prevent Credit Card frauds and will increase the customers trust on spending online in the long term.

Lets now understand what changes Rbi guidelines has brought in online Credit Card payments mechanism.

Till 31st July, online shopping required 16 digit card number and the cvv number which is printed on Credit Card.

To steal someone else Credit Card number and the Cvv, was quiet easy as Credit card are handed over in restaurants, petrol pumps, malls etc and the Credit Card number and cvv number can be noted down by anyone down and later used to do a fraudulent Credit Cards purchase.

The new system makes sure that a customer registers himself with his Credit cards at the Banks website and creates a password for himself. Now when he makes any purchase, the online transaction company will ask for that password after you have put your Credit Card number and the cvv number. Thus the extra password helps in securing your transaction and thus making your Credit Card more secure. With this the chances of any frauds on your Credit Card reduces down.

So, Go get yourself the new password and fell safe while shopping online.

Consolidating Credit Card Debt – Best Strategies and Tips to Help Out and Get You Out of Debt

Hopefully these tips and strategies for consolidating credit card debt will help you to save good amount of money. Instead of paying too much cash to your creditors, simply put all those savings straight to your packet. So here are some tips and strategies for consolidating credit card debt that could help you save some money.

Firstly you have to sacrifice by cutting off some of your regular budget. You have to be committed and be concentrating on paying off the debt. The quicker you can possibly pay back your debt the lesser the interest rate you’ll be paying to your lender. Always do not forget that the more time you take in paying off your debt, the more in which it will cost you so the more you will remain in more hardship in paying off the debt. When consolidating credit card debt by switching multiple credit cards within one credit card.

When you choose to move to another credit card, this strategy would really help you if the new credit card offers a lesser interest rates compared to the existing credit cards interest rates. I know you get the idea on how you would save money with this tip. Another advantage youll get is there are offers by credit card companies that once you switch your existing balance into their credit card, they normally grant a very low introductory rate and even at times a 0.00% introductory rate which often runs for 6 months and upwards will be given. This is really effective only in the case you have the intention in paying these debts you owe in the time period when your introductory rate is yet lower. Keep in mind that the disadvantage with this method is when the introductory rate is finished, theres a huge possibility that the new interest rate would be greater compared to the interest rate you had in the past.

Thirdly when consolidating credit card debt, you may choose in this strategy. You could get a debt consolidation loan which offers a lesser interest rate when compared to your current interest rates. Then you could pay the debt with this debt consolidation loan. Yet always take into account that it also has a disadvantage if youre failing to pay what you owe. A few loan services may get your property that you had signed up as your collateral.

Our final useful tip to you for consolidating credit card debt is when you have your own house, you might have a home equity loan to repay the credit card debt. You might in fact be able for a tax deduction which you wont most likely get if your debt is with your credit card. Check out the cost benefits of this kind of loan so for you to get the benefit in the long run. But bear in mind that your own home is the collateral if you ever do not pay out the debt.

Credit Card Minimum Payments Vs. Unsecured Loan Installments

You may be undergoing a difficult financial situation where you are unable to cancel the balances on your credit cards and you have no other choice than paying the minimums and leaving large unpaid balances. Though you may think you have no other choice, you could easily get approved for an unsecured personal loan and replace the minimum and variable credit card payments with fixed loan installments.

When you have financial problems, credit cards instead of being a blessing turn out to be an incredibly heavy burden. Financing unpaid balances is extremely expensive and your minimum payments keep increasing eating up your income till you finally wont be able to meet the payments.

Credit Cards Payments

Though the flexibility credit cards provide is undoubtedly useful in normal situations, you can easily feel tempted to reduce the amount of money you destine to pay your credit card balances and use it for other expenses. Since credit cards let you pay only a small portion of the balance, the temptation is big but doing so can bring many problems to your financial health.

The interest rate charged for credit card financing can be as high as 25% on an annual basis. Such a high rate, if the balances remain unpaid, implies high amounts of money on interests that keep being added to your debt. If you pay only the minimum this situation is aggravated because eventually as your debt increases, you wont be able to pay the minimum and when that happens, youll incur in penalty fees that will increase your debt even more. Moreover, due to the delinquency, the credit card company will increase the interest rate charged and you will enter into a vicious circle of debt.

Unsecured Personal Loans Installments

A solution to this problem is to obtain an unsecured personal loan in order to cancel the credit card balances in full. Unsecured Personal Loans Installments have many advantages over regular credit card payments that turn them into an excellent option if you wish to take control over your debt and start repairing your credit.

For starters, the interest rate charged for unsecured personal loans is significantly lower than the interest rate charged for financing unpaid credit cards balances. While unsecured loans carry interest rates that range from 7% to 16%, Credit Cards rates can reach up to 25% and are almost never lower than 14%

Moreover, while the minimum payments on credit cards are variable and include little principal, the unsecured personal loans monthly payments can carry fixed rates and thus be equal throughout the whole life of the loan. Besides, the monthly installments include interests and principal as well so youll be continuously reducing your debt by repaying the loan.

If you are smart enough to get rid of most of your credit cards but one or two after you repay the balances and refrain yourself from using them for unnecessary expenses, then your unsecured loan installments will also contribute to stopping the vicious circle of debt and start a virtuous circle of debt elimination. That way, youll be able to gain control over your finances again.

Tablet-Based Mobile Credit Card Processing

It’s no secret that the credit card processing industry is evolving fast. From online credit card processing services to mobile credit card processing, new products and trends are transforming the way consumers pay for their purchases.

One such trend is new tablet-based point-of-sale (POS) systems. There has been an explosion in the number of new products in this area recently. Some interesting solutions include GoPago, ShopKeep, Leaf and NCR Silver. And more players are entering the arena practically every week.

The question is: will these new tablet-based products become a popular form of credit card processing for small businesses?

Personally, I’m excited about their potential. They can provide many of the features of traditional POS systems at a small percentage of the price. Plus, they’re easier to install and use for small business owners. For approximately $1,000 you can get a complete POS system, including the tablet, stand, money drawer, printer and barcode scanner. Yes, this is more expensive that a standard credit card terminal, but it’s far less expensive that a traditional POS system, which can set you back $20,000 or more.

Given their price and usability, these tablet POS systems can be a great fit for many of your merchants. However, there are a few things to consider before recommending one:

Processor Connectivity – Can the POS system connect to your preferred credit card processor? Some of these POS systems can connect directly to processors, but others can connect only through a payment gateway. Make sure the system can connect to the processor, and figure out if there are any extra connectivity charges.

Network Connectivity – What connectivity options (e.g., WiFi, 3G/4G) does the system support or require? Can it process orders if the internet connection is temporarily lost? How does the tablet connect to the receipt printer, kitchen printer and cash drawer?

Card Reader and Stand – Certain software is compatible with only certain card readers. Which ones work with your system? Are the card reader and tablet stand a good fit for your merchant’s store?

Type of Merchant – Some tablet POS systems work well for all industries. Others are designed for certain types of merchants, like restaurants or retailers. Match your merchant with a system that will work well for their business.

Pricing – Tablet POS companies are offering a variety of pricing options, combining up front costs and ongoing monthly fees in different ways so that merchants can find a payment structure that works best for them. This is similar to what we’ve seen with mobile credit card processing. Find a pricing option that fits the needs of your merchant.

Sales Channels – Does the tablet POS vendor sell solely through ISOs and agents, directly to merchants, or both? In some situations, the company will work with merchants directly, cutting agents and ISOs out of the process.

What do you think of tablet-based POS systems? Do you have a question about some other aspect of the industry, like online credit card processing services? Leave me a comment to let me know.

What is Credit Repair 3 Proven Facts About Fixing Your Credit You Need to Know

In this article we are going to take a look at defining credit repair. What is credit repair REALLY anyway? With so much myth and misinformation out there regarding what you can and can not do to improve your financial standing, it’s no wonder so many folks are constantly confused. Does this describe you? If so…continue reading as I shine a bright light on the process you’ll need to follow to get back on the right track in no time! Read on..:-)

What is Credit Repair?

Very simple! It’s the process by which an individual attempts to restore the financial record that is maintained on him or her through outside credit repositories. There are THREE big ones, and they have a tremendous influence in your ability to do all kinds of important functions, from buying a home to getting a good job!

Can I repair my credit myself…or do I need to hire a company to do it for me?

Great question – and you can ABSOLUTELY fix your credit yourself. No company is required, although arguably those who have more professional experience may in fact be able to help you get better results faster…SIMPLY because they have already learned the landscape. ( not much different than a plumber can fix your pipes faster than you may can!)

Is there anything illegal about the credit repair process?

Absolutely NOT! Credit repair is your right, is mandated by Congress through legislation that has been passed and improved upon for several decades and REGARDLESS of the myths out there you may here, there is NOTHING illegal about it all. There ARE however, techniques you want to avoid – but they are those that would strike ALL of us as obvious anyway I would imagine! (like filing for a new identity or social security number for example) Just use your common sense when engaging credit repair services, or doing your own, your gut and instincts are ALL that you need to follow not to get into any legal hot water!

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Andhra Pradesh Grameena Vikas Bank – Agriculture Cash Credit (Crop Loans)

Purpose: This loan finances cultivation of various crops.

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Purpose: This loan finances cultivation of various crops.

Eligibility: All categories of farmers – Small/Marginal (SF/MF) and others including Tenant farmers and Share Croppers who actually cultivate the lands are eligible to get this personal loan.

Quantum of Loan: The loan amount depends up on the crop cultivated on the land.

Rate of Interest: In case of the loans disbursed during the subvention period, the rate of interest for loans up to Rs. 3 lakhs is 7% per annum and 14% per annum for the loans above Rs. 3 lakhs. In case of the loans disbursed after the subvention period the rate of interest is 14% per annum.

Security: Hypothecation of crop is necessary in case of all crop loans. For loans above Rs. 50, 000/- up to Rs. 1 lakh, mortgage of land or third party guarantee is also required along with the hypothecation of crops. In case of loans above Rs. 1 lakh mortgage of land is necessary.

Other Documents Required: The documents of proof for the following are also required to be submitted along with the loan application.

a)Land records to ascertain cultivation rights.

b)Acreage under different crops.

c)Sources of other borrowings e.g. Co-operative Societies and Banks.

Tips for Avoiding Credit Card Fraud

Identity theft is quickly becoming one of the most dangerous crimes in America. People are losing thousands of dollars and months, if not years, of their lives to correct the damage to their credit and their reputations. A large part of identity theft is credit card fraud, where somebody either uses your credit cards to make illegal purchases, or opens up a completely new credit card in your name and goes on a spending spree to end all spending sprees.

1. Be Careful with Your Personal Information Online

Its really no laughing matter, though, and you should take serious steps to avoiding credit card fraud. One of the best ways to avoid credit card fraud is to be careful with your online purchases. Many Web sites will store your credit card information on them, leaving your valuable information out there on the Internet for hackers to steal. That makes it important to always decline a Web site that asks to store your personal information. Sure you may have to re-enter your info every time your make a purchase at a site, but the extra effort is well worth it.

2. The Verification Code

Another good step is to only shop at Internet sites that require you to enter the special three-digit code on the back of your credit card. Basically, entering these codes from the back of your card prove to the online vendor that you have the actual card in hand, and havent stolen the number and expiration date.

3. Temporary Numbers

Third, look into finding a credit card that provides temporary numbers for Internet purchases. This is a new feature of certain credit card companies out there to prevent fraud. Each time you buy something online, your card provides you with a unique new number known only to you.

4. Get a Shredder

When it comes to preventing criminals from opening up new cards in your name, one of the tried and true ways to prevent this form of fraud is by shredding each and every document that comes to you in the mail. This includes every new credit card offer, as well as the statements you throw out from your current cards. Especially be sure to shred those checks that credit card companies send you.

5. Examine Your Credit Report

Lastly, take up the credit bureaus offers to allow you to examine your credit reports for free. These credit reports allow you to be certain that no one has opened a credit card in your name without your permission. They also allow you to see if you have old credit card accounts open that youve forgotten about, accounts that are best closed before someone steals your identity through them.

Five Steps To Improve Your Credit Score Starting From Zero

Your credit score is the single most important factor that decides your financial success. The process of re-establishing your credit rating after having suffered a job loss or some sort of family emergency may seem impossible, but the truth is starting from scratch is more simpler that you think. The hard part when it comes to starting over and raising your credit score is maintaining a consistent payment regimen with the credit bureaus.

The first step to raising your credit score is getting a copy of your free triple score report. Once you have copy of your report, it is important to examine your report thoroughly for mistakes. You should never assume that you report is accurate. You will be surprised at the amount of mistakes on your report. Some of the most common errors may include: reporting late payments erroneously, listing the same negative account multiple times, and reporting a family member’s account on your bureau. The best way to deal with mistakes on your report is to consult with a credit attorney.

The second step in the process of improving your credit bureau involves putting some positive items on your report. Your credit report may be clean as a whistle but without some positive accounts, you will not be able to generate a credit rating.
One way of getting positive credit is by applying for a secured Visa or Mastercard. There are many companies that are willing to open credit card accounts with a security deposit. A Secured card is backed by your deposit which will then become your spending limit. In some cases, the secured card company may even start you off with a limit that is $100 dollars higher than your deposit. Make sure you find a company that reports your on time payments to all 3 credit reporting agencies.
The third step to increasing your credit rating is having a spouse or close family member with a positive credit rating add you on as a co-borrower. This technique although very effective is a little risky because if your sponsor stops paying their account on time, it will also affect your credit rating. There have also been rumors that the credit bureaus may stop reporting co-borrowers but for now it is still effective.

The fourth and final step to raising your credit score is making your payments on time. When creditors are looking at your credit report, they tend to look at your previous six months of payments. Your current payment history will give borrowers a picture of your present financial standing.

The credit bureaus will also continuously raise your credit score a few points for every month of timely payments. If you can afford to continuously make 2 years of on time payments, you will have succeeded in improving your worthiness with the financial institutions.

Getting your credit worthiness back is important in taking control of your finances. The road back must include getting a copy of your report, establishing new accounts, and adding discipline to your bill payments. Once you have completed this process, you may want to consider adding a fifth step; adding identity protection to secure your new found credit worthiness.

How To Obtain A Credit Line For Business Endeavors

A line of credit is an arrangement wherein a financial institution agrees to lend cash to a customer up to a specified limit. Generally arranged before the funds would be required, this option will provide a flexible solution for the customer which gives the ability to meet short-term cash whenever needed. This can also be called a bank line, revolver, credit line, open-end credit, revolving credit agreement.

With the interest expense charged on any drawn portion of the credit line, most borrowers incur expenses related to legal and document fees, some commitment fees paid to the lender during closing, and fees paid throughout the time of the facility on the average unused portion, often referred to as an unused fee. However, a fraction of the interest expense on the line will be the unused fee.

Moreover, a Business Line of Credit, is a common type of financing that is being offered by most business and consumer banks. It is a business capital that one can access any time but up to a certain amount contracted by the borrower and the lender to handle any expense. The borrower can repay and reuse this as needed also.

On the other hand, a small business credit card provides business owners with convenient access to a set credit limit of a revolving line of credit, for them to make purchases and withdraw their cash. Similar to a consumer credit card, it carries an interest charge if the balance won’t be paid in full for each billing cycle.Business owners may try to get a credit card through their bank or they can compare card terms and features to other financing institutions.

Small business credit cards are marketed as a good alternative to a traditional line, though they also have their differences.The most obvious difference is that a credit card provides borrowers with a revolving credit line, and on the other hand, a line of credit is fixed. Meaning, one can continue to borrow or charge up to his credit limit as he uses a credit card to repay the monthly bill. Unlike a fixed credit line, applying for a new loan is necessary once he has used and repaid his previous loan.With the lending guidelines being tightened down by the banks, business owners need access to working capital to grow their business. An option like a business line of credit can help business owners along the way.