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A Guide to Getting a Bad Credit Remortgage
There are several reasons why you might be in the market for a bad credit remortgage. You might be wanting to try to lock in a lower interest rate, or perhaps you simply need to use the bad credit remortgage as a way to consolidate some of your...
Bad credit mortgage - Sometimes bad credit history can be rewarded...
When you have bad credit you wonder what lenders will offer you
for a mortgage deal on your home. The big obstacle, as you know,
was your bad credit history. To add to the all the fears, there
were a few pals of yours who held that the deals...
Credit Cards to Build / Repair Credit
How can you prove your credit worthiness when no one will give
you a chance? If you have bad credit, or no credit at all, you
understand how difficult it can be to get moving in the right
direction. Luckily, in today's credit card market...
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...
What is Credit Repair and How Can It Help You?
There are millions of consumer credit reports on file from mainly three major reporting bureaus which include Trans Union, Experian, and Equifax. These credit gathering agencies store huge amounts of data about every person that takes out a loan,...
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Credit Card Minimum Payments Create Debt
A credit card minimum payment means that you can spend more and
pay as little back as the credit card issuer will allow you.
Sounds great in theory but it is a system that will turn out to
be your worse nightmare. If you stick to it before long you will
find that you have reached your limit, have nothing left to
spend and all the while your past purchases are totting up
interest charges. These sequence of events make your minimum
payments so high, that you can only afford to pay back the
interest charges and your debt remains the same, with no light
at the end of the tunnel as to how you are going to clear it.
This is where the credit card companies have gotten wise and by
reducing the minimum payment steadily from 10% on original
credit cards to the 2% that most now have set, they have seen a
way of making as much profit from you and I as possible. By
reducing the minimum payment to such a low level, they have
given the customer a false picture on how much they can spend on
their credit cards and how much they can really afford. With the
minimum payment now sitting at 2%, those who cannot clear their
credit cards in full each month, will now see interest charges
being added to interest charges, as their balance increases
month by month.
To
reduce your debt stop using your credit card
This is a position that many find themselves in and by noticing
it early on you could be saving yourself a lot of grief and a
good bit of money. If you are there at this point, then the best
thing that you can do is to stop using the credit card
altogether and start to look at ways to reduce your outstanding
debt. Even if you find that you have to cut back on other
expenditure, you should deal with a debt that is a drain to your
finances and by saving now on a few luxuries it will be to your
advantage. As you pay off you balance quicker you will save more
in interest charges.
Always remember that by paying minimum payments and minimum
payments only, you are playing a very dangerous game with your
hard earned cash. So why should you work many hours a week just
to feed the profits of a bank or credit card issuer, who will be
your friend until such a time you cannot afford to pay back the
cash that they let you borrow.
Take action today!
About the author:
Peter Kenny is a writer for creditcards-gb For additional
articles and an extensive resource for everything about credit
cards, please visit us at http://www.creditcards-gb.co.uk and
http://www.creditcards2go4.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 ... |
| National consumer credit reporting company that offers credit reports, FICO(R) credit scores and identity theft protection products to consumers and small ... |
| www.equifax.com |
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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 |
| Features an assortment of helpful articles related to credit issues. |
| 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. |
| www.annualcreditreport.com |
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| Springboard - Non-Profit Consumer Credit Management |
| Our mission is simple: To offer education on the wise use of credit. ... SPRINGBOARD has been approved to provide credit counseling services and issue ... |
| www.credit.org |
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| Credit Suisse Group is an international financial services group. - Shares part of SMI. |
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| Experian: Free Credit Report and Credit Score, Credit Check ... |
| Credit referencing and consumer targeting for the USA and other countries. |
| www.experian.com |
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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! |
| www.freecreditreport.com |
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| Compare over 300 credit cards, including 0% offers and balance transfers, and make a credit card application online... |
| www.moneysupermarket.com |
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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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