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Balance Transfer Credit Cards And Their Rewards
If you haven't been credit card shopping recently, you'd be
amazed at the variety offered today. In addition to the
different interest rates, the extent of rewards or perks offered
is vast. There are cards offered to fit everyone's needs....
Credit Repair Myths and Facts
There are no secrets to repairing your credit. Many shady credit repair agencies would love you to think the contrary. Negative items can be removed from your credit report and you can do it yourself. One does not need a credit repair...
Trusted Ways To Repair Your Credit.
Even if you think you have a perfect credit report, be vigilant of the error factor. Just as you receive mail with your name and address misspelled, your credit report can have errors just like anything else. Whether it’s human being error, outdated...
What is Credit?
Ever wondered what is credit? Credit is more than just a plastic card you use to buy things - it is your financial trustworthiness. Good credit means that your history of payments, employment and salary make you a good candidate for a loan, and...
Why do we need credit cards?
Why do we need credit cards?
In the world today a credit card has become very valuable, and
for many different reasons. More buying power, isn't that what
we all want? With a credit card that is exactly what you get.
How often is it that...
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Build Your Credit with Caution
Building credit can be a very exciting thing. Avenues of great
opportunities are available if you do it right. It is important
to avoid scammers that claim to offer you a debt solution in
little or no time at all. Many scammers on the market today are
taking advantage of people in disarray. Do not become the next
sucker. Any company that does not advise you of your rights or
else let's you know upfront before continuing that most of your
credit issues can be dealt with on your own, is probably a
fraud. Under the Federal Laws, many of the companies are
prohibited in many areas and often a lot of them work out
illegal arrangements just to get ahead. There is however, legit
companies and organizations that can help you reestablish your
credit for little or no charge. Researching the marketplace is
the best solution for finding the right sources. Your local
library has a wealth of information at your disposal and it is
free to sift through the pages. Take advantage of any
opportunity that presents itself and you are well on your way to
building your credit.
It is important that you be cautious with your credit choices.
Take each step very slowly and consider all of your options
before making a final decision. When you have several creditors
making offers, it can be very difficult to decide on which one
to deal with. Follow these simple guidelines when deciding on
and dealing with a creditor:
1. What interest rate are they offering? a. The interest rate on
your credit account plays a serious role in your ability to keep
up with your payments. If possible, always make full payment.
Keep in mind that making full payment may not always be
possible. This is why you need to consider carefully the
interest rate that you are agreeing to.
The interest rate will apply on all minimum payments. An example
is below: Balance owed on account: $350.00 Interest Rate:
5.7% (.057) Minimum Payment: $19.95
Think about this, $19.95 only pays for the interest that is
going to be added to the balance owed. You may think that you
can subtract
$19.95 from the $350.00 owed, however, do not
forget to add the .057 to the balance. At this rate, your
balance owed will go down very slowly and continue to accumulate
interest on a monthly basis.
2. Make your payments on time. a. Do not make payments before 30
days of the last payment and do not make a payment after 45 days
of your last payment. Payments received after 45 days are
considered late and payments made before 30 days also get a bad
review by creditors.
3. Do not apply for credit more than 3 times a year. a. If you
do, you can easily be denied credit because those actions are
perceived as shopping for credit. If you are suspected of
shopping for credit, your creditors will deny you. You can keep
track of how many times you have applied for credit and with who
by looking at your credit report. Your credit report shows all
the people have inquired into your report for the last 2 years.
After 2 years, the listing drops off your report. Once you begin
paying a creditor, take it slow. You are going to get many
offers for credit and it is extremely tempting to take them all
up on their offers.
4. Keep all of your receipts and contracts a. Keep all of your
receipts for payments made to any creditor. Yes, creditors have
been known to misplace a payment received, let's hope it isn't
yours. Rest assured if it is, providing you kept your receipts.
Saving your contract with any creditor is highly advised. In the
event that a dispute should arise, the creditor will be sure to
throw in comments concerning your agreement and signature on the
contract.
The most important thing to do with regard to your credit is
take pride, protect, respect and especially enjoy it. Having
good credit is a luxury and can widen the horizons of
possibility for you and your future providing your pursue your
credit with caution.
About the author:
Tony Robinson is a business owner with vast experience in all
facets of Credit and Credit Repair - for further tips and
techniques visit http://www.officialdebtfree.com
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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 ... |
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| The FTC's web site on Credit |
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| www.ftc.gov |
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| Federal Trade Commission - Consumer Credit Center |
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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 ... |
| FreeCreditReport.com: Free credit reports and credit scores from Experian. Get your free credit report and credit score now. It's free, fast, and easy! |
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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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