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Credit Rewards Card Shark -- Rake in the Money
A good credit reward card can contribute to your retirement account, offer gas rebates, score theme-park or vacation tickets or take thousands off the price of your next auto purchase. Rewards at hotels, airlines, and retailers bring more to the...
Credit score – for scoring the right loan
Somebody once said, “There is always a way of knowing your limitations and going beyond it.” It is fundamentally true with respect of credit score. There can be nothing more rewarding during loan borrowing than knowing your credit score. There are...
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...
Questions to Ask a Credit Counseling Service about Debt Relief
Debt relief is a topic on a lot of consumers' minds these days, and with good reason. American credit card debt in 2001 was $692 billion, triple the amount from 1989. In that same time period, the average credit card increase for a middle-class...
The Downward Spiral of Credit
How do you avoid getting further and further into debt? Credit cards can suck you in without you really realizing it - everyone needs one, and they are great in emergencies. But often people gradually let themselves get into more and more debt,...
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A Credit-free Card: What Is A Prepaid Credit Card?
In this high-tech era of computers and machines, the purchasing
power of people is mostly based on credit. Nowadays, credit
cards are almost indispensable in almost any business
transaction. For one, nobody can purchase anything online
without a credit card.
People who have a poor credit history though, will have a hard
time getting or renewing their credit cards. This is where
prepaid credit becomes useful.
There are lenders that offer prepaid MasterCards and/or prepaid
Visa Cards. Both these cards can be used like a regular credit
card. It is even hard to distinguish which card is prepaid or
not, by simply looking at it or even using it.
This is basically how prepaid credit cards work. When an account
is opened, the card should be "pre-loaded" with cash up-front.
This is like paying for a pre-paid calling card. Prepaid
MasterCards or Visas can be used anywhere as long as these cards
are accepted.
The prepaid credit card advantage:
1. Prepaid credit card can be easily obtained. It can be
purchased online or in local retail stores. It does not require
any credit check or proof of income.
The only thing to do is to fill out an application, pay a small
fee for setting-up the account and load the card with cash. The
amount of cash loaded will be the "credit limit"
2. No interest charges.
When a
prepaid MasterCard or prepaid Visa is used, there is no
interest charge unlike the regular credit card. The reason for
this is that the money used is the owner's actual money
therefore no interest is needed.
3. Prepaid credit cards are free from financial or credit
problems.
4. Prepaid cards can be used almost anywhere. Prepaid
MasterCards and Visa cards are almost accepted anywhere in the
world.
Disadvantages of Prepaid Credit Cards:
1. Usually a set-up fee of 5 to 50 dollars is needed when an
account is opened. Then another fee of $5 or more is paid every
time more money is loaded onto the card.
Regular credit cards usually do not charge a set-up fee or
annual fees.
2. Cash up front is needed before any purchase could be made
with the prepaid card. This could be an advantage since
compulsive spending can be avoided.
3. There are some prepaid credit cards that cannot be used to
pay regular payments such as monthly electric consumption or
online services.
The Conclusion:
The prepaid credit card is a definite help for people who have
past credit problems. It is just a matter of choosing the right
prepaid credit card that suits ones' needs.
About the author:
More information about credit and credit cards is available at
stooze online
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| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
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| The FTC's web site on Credit |
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| Federal Trade Commission - Consumer Credit Center |
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| AnnualCreditReport |
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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. |
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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 |
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| 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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| 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. |
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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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