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Bad Credit Credit Cards
Chances are you've gotten your share of offers for Bad credit credit cards, Bad credit visa cards and Credit cards for people with bad credit. Re-establish your credit with a pre-approved bad credit credit card, regardless of your credit history,...
Debt Counseling Solutions for Credit Repair
Is debt counseling a solution for credit repair? Debt Counseling
Services and Credit Services are organizations that are
sponsored by most creditors. Most debt counseling services are
nonprofit organizations; however, there are a few that...
How to Get 100% Financing - Zero Down Mortgage Loans (Even With Bad Credit)
I decided to write this article today after closing a home purchase loan for a couple that had some major credit issues. They got into the house with ZERO down payment, and only had to bring $600 for the closing costs. Their situation was pretty...
How To Pay Credit Card Debt Off
If you are determined to pay credit card debt off you are making the best financial decision of your life. The reason credit card debt is so bad is because it carries such a high interest rate. The quickest way to take back control of your...
Repair Your Credit Like A Financial Expert
How many times have you been scammed by commercials and companies stating that bad credit, no credit, bankruptcy, or divorce is okay? The truth of the matter is that it's not okay. Having poor credit can devastate your life style. In today's...
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A Credit Card Glossary of Terms
The Credit card industry comes with a lot of jargon. You can't
be expected to recognise all the technical phrases employed and
some of them could be very important. Listed below you will find
a quick description of the most common credit card industry
related terms and phrases.
Affinity card A credit card that makes a donation to a charity
of your choice based up on how much you spend. In most cases
it's best to avoid a charity that encourages you to sign up for
such a card. Chances are such a credit card has a higher
interest rate than the standard. Don't let guilt cloud your
judgement.
APR (Annual Percentage Rate) calculated yearly this is your
overall interest rate presented as a percentage of your credit
card balance.
ATM (Automated Teller Machine) A cash machine. Utilized to
withdraw money direct from your credit card, although in general
a fee will also be charged.
Balance transfer When you transfer your debt 'balance' from one
credit card to another. The usual reason for this is to try and
keep as much debt as possible on a lower-interest card.
Credit limit Your credit limit is the maximum amount you can
spend or withdraw on your credit card. Spending beyond your
credit limit will result in your card no longer being accepted,
and you being charged an over-limit fee.
Fixed rate A fixed rate credit card is one which indicates that
you are given a fixed rate on sign up which should stay the same
for the period you have the credit card. In practice though
interest rates can be changed for almost any reason.
Grace period The grace period is the amount of time between
your
spending with the credit card and the time when you start paying
interest on that spending. The best credit cards can have a
grace period of up to two months, poorer cards may not have one
at all.
Minimum payment The minimum payment is the lowest amount you can
pay back to the credit card company each month. You always try
to pay more although this is not necessary. Paying only the
minimum amount you are not paying back the money borrowed but
only the interest. Minimum payments are usually around 2% of
your balance.
Sub-prime A phrase used in the finance industry to describe
customers who are a bad credit risk, but are considered worth
lending to as the bad credit risk allows the finance company to
charge higher fees.
Teaser rate A 'special offer' low rate. You will see many offers
with "LOW 4.9% APR" in the headline followed by "for first six
months, 21.9% thereafter" in the small print. Teaser offers can
sometimes be worth taking, but not if they tie you in for longer
than the period of the offer.
Variable rate An interest rate that is calculated by adding a
figure to the current base rate. Taking this option will allow
your credit card to be affected by changes in national interest
rates - a good idea if you think they might go down, and a bad
one if they're on the way up.
About the author:
Credit repair, Debt problems, need a Loan, Mortgage help... not
sure what to invest in? This General Finance Guide
may have the advice you've been searching for. Hundreds of
useful articles on all aspects of Finance are available to help.
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| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
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| Equifax Personal Solutions: Credit Reports, Credit Scores ... |
| National consumer credit reporting company that offers credit reports, FICO(R) credit scores and identity theft protection products to consumers and small ... |
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| The FTC's web site on Credit |
| Credit is much more than a piece of plastic, and the resources on this site can help you become a more savvy consumer. You’ll also find compliance ... |
| www.ftc.gov |
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| Federal Trade Commission - Consumer Credit Center |
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| www.ftc.gov |
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| AnnualCreditReport |
| Site set up by the big three credit reporting agencies in the United States, to furnish free annual credit reports, as required by federal law. |
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| Springboard - Non-Profit Consumer Credit Management |
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| Experian: Free Credit Report and Credit Score, Credit Check ... |
| 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. |
| www.ncua.gov |
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| Credit - Wikipedia, the free encyclopedia |
| Debits and Credits, a type of bookkeeping entry; Credit (creative arts), acknowledging the ideas or ... Retrieved from "http://en.wikipedia.org/wiki/Credit" ... |
| en.wikipedia.org |
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| Credit (finance) - Wikipedia, the free encyclopedia |
| Any movement of financial capital is normally quite dependent on credit, ... Sometimes if a person has financial instability or difficulty, credit is not ... |
| en.wikipedia.org |
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| The National Foundation for Credit Counseling |
| DebtAdvice.org is a service provided by the Members of the National Foundation for Credit Counseling (NFCC), most of them known as Consumer Credit ... |
| www.nfcc.org |
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| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
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| Ford Credit provides auto financing to finance a lease or purchase a car or truck through Ford, Lincoln or Mercury dealerships. |
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| The Credit Card Prank |
| In my lifetime, I have made nearly 15000 credit card transactions. ... Credit card signatures are a useless mechanism designed to make you feel safe, ... |
| www.zug.com |
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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. |
| www.creditmag.com |
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| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
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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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