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Debt Help - Debt Consolidation Loans Versus Credit Counseling
Debt consolidation loans are a do-it-yourself process, whereas
credit counseling helps you to make financial decisions. If you
already have a financial plan, then you probably don't need the
services of a credit counselor. However, if you have...
Finding the Right Credit Card
There are so many credit cards out there to choose from that deciding which one to get can feel really daunting. What makes one offer better than the hundreds of others you’ve seen? Take this little quiz to find out what you should look for in a...
One Solution to Bad Credit - how to beat the Credit Bureaus at their own game.
There's only one sure way of freeing yourself from the shackles of bad
credit . Create a new credit file within the credit bureau's
computer system!
The credit bureau has many identities entering their system for
the first time or leaving...
SuperCharged Secret 2, Credit Card Utopia
INTEREST BEWARE, THERE’S SAFETY IN NUMBERS!
Note: The following is part 2 of a 5 part series, Over the course of these 5 articles, I am going to introduce you to several methods for maximizing the use and benefits of the best Credit Cards and...
Understanding And Improving Your Credit Rating
"No man's credit is as good as his money." E.W. Howe, American journalist, novelist 1853-1937 The American economy is based on credit. If you don't have at least an average credit rating, you will find that getting approved for any type of loan, or...
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Avoid Late Fees With Prepaid Credit Cards
In today's society the modern consumer has more debt than
income. A great way to help ease the pain of owing money is to
cut out any unnecessary expenses from your budget. One of these
expenses is credit card late fees. The average credit card late
fee is approximately $35.00. Added up monthly, that comes to
around $420.00 a year. That money can easily be spent wiser.
Lets see how we can avoid these late fees. Here are 7 great ways
to avoid credit card late fees.
Use Prepaid Credit Cards:
By using prepaid credit cards you are eliminating any kind of
blling all together. However, most prepaid cards require a
monthly fee. This fee although, which is usually under $10, is
normally alot lower than the price of a normal unsecured card
late fee. Plus, using a prepaid card encourages living within
your means and helps eliminate unexpected debt.
Pay Your Bill More Often:
With grace periods shrinking, scheduling two bill-paying
sessions every month can help you stay ahead of the game. So if
you can it would be wise to pay your bills two times a month.
Also, request a due date that is easy to remember and that will
work well with when you get paid. Also try to pick a date that
takes into consideration the due dates of other bills and
expenses.
Automate Your Payments:
Automating payments eliminates the need to remember due dates at
all. It also allows you to not have to worry about mailing
anything or getting to the post-office. When you automate your
bill payments the credit card company automatically deducts the
funds via EFT from your checking account. It usually only takes
about 24 hours to process payments this way.
Pay by Phone:
Paying by phone helps you avoid late fees in alot of the same
ways automating your payments does. One of the advantages of
this method though is that you get to pick the exact day to pay
every month. You can pay your bill when you know the funds are
available in your checking account instead of worrying about
getting the funds into the bank before the automatic dedection
is made by your credit card company. This method is also
extremely fast. Payments are posted to your account within 24
hours of your payment by phone.
Talk to Your Credit-Card Company:
You always want to maintain a good talking relationship with
your credit card company. By continually
talking with them you
will understand all of your requirements when it come to the
terms of your agreement. Also, if you maintain good standing
with your credit card company and normally pay your bill
on-time, when the time comes you will probably be able to talk
to them and avoid the late fee you are supposed to be charged.
Read the Fine Print:
Remember to always read the fine print on any document that you
sign. When you sign something, whether you know what the
document says or not, you are signing a legally binding
contract. If you do not read the fine print on that contract you
might not have a full understanding of the requirements you have
to do in order to fulfill the contract. By understand all the
terms of your agreement you will know when and why the credit
card company will impose its fees upon you.
Add Up the Cost and Resolve to Be Debt-Free:
One of the biggest mistakes made by todays consumer is living
outside of their means. The majority of people today aquire all
the credit that there income will allow.In the end they are so
far in debt and barely able to make the minimum monthly
payments. Then when that comes to be they tend to re-finance
there homes to pay off credit card debt. Which I guess is ok if
you feel like starting over on paying that 30 year mortgage. You
always want to take your current situations into consideration
when applying for new credit. You also want to take into
consideration the fact that always applying for credit can
adversly affect your credit score in the long run. This
situation is also a good reason to consider using prepaid credit
cards, that way you will be able to only spend the money that
you already have.
In conclusion, remember that your credit is a very important
aspect of who you are. You will have to deal with the decisions
you make regarding your credit for quite some time. I hope thes
couple of tips will help you reduce the amount of fees your
paying to your credit card companies and help you move in a
positive direction toward being debt free.
About the author:
Joshua Riddle is the head editor at MyPrepaidCredit.Com He has
become an expert in the areas of credit cards, credit repair and
credit maintainence through his personal life experiences. For
more great reprintable articles on this subject check out: Prepaid Credit Card Articles
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