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Credit Card Lingo
Knowing What's Out There - And What To Choose
The World of finance can be a tricky game for both the seasoned veteran and the novice borrower. Banks can - by accident or design - make even the most simple information seem complicated and through...
Credit Help For Renters And Others On The Horizon
Sue is a homeowner and pays her mortgage and other bills on time like a good credit consumer. Sue’s on-time mortgage payments are reflected in her credit score profiled by the three major credit bureaus; Equifax, Experian and Trans Union.
...
Debt Consolidation can and will ruin your credit!
Yes, Debt Cosolidation isn't a good idea and I'll tell you why. I've done research of my own and found out some disturbing information.
You've seen those long drawn out commercials full of promises to get you out of debt. They use words like...
How Credit Repair Saved My Life
Once upon a time in my life, I was dead. Dead not in the physical sense mind you, but the consumer sense. You see, I had bad credit. Actually, bad credit would have been an upgrade. I even got a denied letter for a debit card. That's right, the...
What Credit Policy Tools are you missing?
Did you know that a credit policy is a channel where you can control your bottom line, sales and income? By tweaking your credit policy, you can make more money instantly.
A new book, "Become the Squeaky Wheel" by Michelle Dunn describes credit...
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0% APR Credit Cards: How Can They Do That?
During the days when the federal bank interest rates were at its
lowest, back in 2002 and 2003 to be specific, countless credit
card providers offered 0% APR credit cards to many consumers.
Needing only to pay the outstanding balance, smart consumers
were able to charge up to their limits without incurring monthly
interest charges. The question that some people were asking when
these cards were at their peak of popularity was this: how do
credit card providers make money off of this type of plan? Well,
good question! Let's examine 0% APR credit cards and the way
they really work and if they are still available to you today.
You just might be surprised at the answers!
Annual Fees. Depending on the credit card provider, some card
holders have been charged an annual fee for the privilege of
having a 0% APR credit card. Annual fees for some of these cards
generally run from $15 to $20, even higher.
Late Fees. You would think that if customers had a 0% APR credit
card that they would always pay them on time, right? Well, many
do not. So, every time a payment is received late credit card
providers would assess a late fee. With fees ranging from $19 to
$39, that can add up especially if someone is habitually late.
Default Rate. Oh, that 0% rate is nice on the surface. Read the
"member's agreement" and you will quickly learn that late
payments will not only incur a fee, but a "default rate" would
be charged bumping up the annual percentage rate to double
digit
figures on existing balances as well as on new charges! If you
are late you can say, "bye, bye" to your 0% APR credit card in
no time.
Short Term Offer. 0% APR credit cards are still offered today.
Almost always they are cards for new card holders that offer a
0% rate for a limited period of time, such as twelve months,
before a higher rate kicks in, which usually is around 12%. Some
cards will allow you to transfer existing credit card balances
over to the new card and receive the 0% rate on transferred
balances. What a great way to cut your costs and save money too!
Don't worry about credit card providers having difficulty making
money even with low or 0% APR credit cards. Rates have since
increased, in some cases dramatically, making it more difficult
to find a low interest rate credit card. Still, great offers
exist, but you must know where to find them. Searching online
for your 0% APR credit card is a great way to quickly find and
compare the best 0% APR offers available.
Copyright 2011 Ed Vegliante.
About the author:
Ed Vegliante runs the website http://www.credit-card-
surplus.com, a directory enabling the consumer to compare
and apply for a variety of credit card offers including
0% APR Credit Cards. View more Credit
Card Articles.
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| Credit referencing and consumer targeting for the USA and other countries. |
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| National Credit Union Administration - Home Page |
| An independent federal agency that supervises and insures 7152 federal credit unions and insures 4240 state-chartered credit unions. |
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| Credit - Wikipedia, the free encyclopedia |
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| DebtAdvice.org is a service provided by the Members of the National Foundation for Credit Counseling (NFCC), most of them known as Consumer Credit ... |
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| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
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| The Credit Card Prank |
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| Credit magazine, corporate bonds, derivatives, structured credit ... |
| Credit magazine provides information on the international credit markets for credit investors, issuers and market professionals. |
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| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
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| Credit/Debt Management - Tools and Advice for Managing Credit and Debt |
| Drowning in debt? Trying to improve your credit score? This is the place for you. Get real world information and tips, as well as the legal low down, ... |
| credit.about.com |
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