|
10 Common Credit Card Mistakes
In no particular order, the following are viewed as being the top 10 common credit card mistakes:
1. Applying for a card and limit you cannot afford to repay
Most people have bad debt management skills and are swept away with the fact that they...
Avoiding Credit Card Traps
The next time you open your credit card statement, take a closer look at the small insert titled “changes to your credit card agreement”. You know the one I’m speaking about. It’s that small, folded paper written in legalese that you promise...
Become Empowered And Destroy Your Credit Card With Glee!
The first step to escaping credit card debt is to destroy that
little piece of plastic that got you into trouble in the first
place. Forget about freezing it or leaving it at home because
that just won't work. Believe me, I know. There will come...
Credit Card Issuers to Restart Charging Annual Fee
It seems that the major UK credit card companies may be forced
to reintroduce an annual fee to claw back lost profits due to
bad debt.
This is according to a report "Precious Plastic 2006" issued by
the accountancy firm Price Waterhouse...
Your Guide to Credit Repair Services
There are many people today that are in great need of having their credit repaired. There can be
many reasons why people need there credit repaired. Some people have bad credit due to medical
bills. Some people just made poor spending decisions....
|
|
| |
|
|
|
|
|
|
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 of the creditors. Most Debt Counseling
services are nonprofit organizations; however there is few that
are on their own. Before you can contact a Debt Counselor you
must have some source of income.
The counselor provided you will often contact your creditors and
alert them that you are making the effort to repay your debts.
Once the creditors have been contacted, the organization will
next work out an agreement that works with your current budget.
After a decision has been reached you are expected each month to
make a payment toward paying off your creditors. Your money goes
first the organization where you have asked for help, and then
is forwarded to your creditors. Once the creditors receive your
money, the Counselors ask the creditors to deduct a small amount
of funds to pay for their services.
There are some debt counselors that will waive interest on your
balance, however, most counselors will not. If you are unable to
meet your payments each month you might be required to pay late
fees. The only real advantage you have by using a Debt
Counseling Agency is that you won't see bankruptcy on your
credit report although the two are similar. The best solution
then for repairing your credit is taking the ball in your own
hands. If you take back the control that was robbed of you, you
have the advantage of getting out of debt without further
complicating your situation.
One way of taking back your control is to set up a monthly
budget plan that works to payoff your debts and leave you enough
funds to survive. Survival takes less than most people believe
in the sense we often purchase items we don't really need. If we
purchase minimal grocery necessities and other necessities we
will find more funds available. There are several solutions for
cutting back on house items for cleaning. Generally, soap and
water is sufficient for cleaning your home.
Better yet, if you have laundry detergent you can clean
carpets,
wash windows, clothes and so on. One solution is possible to
handle multiple tasks; therefore buying multiple products for
house cleaning is often a waste of money. The advertisements
that tell you this product works better than the other is often
a gimmick to lower you into a debt. Another idea is it is
possible to cook dinners that last for more than one day.
Also, you could pack a lunch instead of buying out when you are
at work or on a trip. If you are taking trips regularly and it
isn't for business purposes, you might ask yourself how you can
cut back. When you cut back on trips you are cutting back on gas
mileage, meals, and hotels and so on.
Anytime you can find a solution to cut back you is making effort
to repair your credit as long as you are spending the savings on
your bills. If you are trying to save money for trips or items
for your home, you might want to put this off until you get your
bills paid. Remember when you pay off your bills first, money
will flow more freely for other desires in life. If you are
having difficulties meeting monthly obligations contact your
creditors and explain your situation. Many creditors will work
to find a solution rather than taking a complete loss. Be ware
that some creditors are greedy and don't really care how hard
times are for you.
These types of creditors want money and they want it now! The
best solution then for dealing with creditors is to payoff the
most imperative bill first and work your way through each bill.
If you have bills that are not necessary terminate them for a
short-time until your credit is repaired. Bills such as cable or
satellite, Internet if not used for work and other
entertainments can wait. Bills are a part of our daily lives and
avoiding bills is not a solution for repairing credit.
Therefore, Debt Counseling is not the best solution for
eliminating debt.
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
|
|
|
|
|
| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
| Credit.com offers a variety of credit related products and services including credit reports and credit scores, credit cards, car loans, home loan and ... |
| www.credit.com |
|
| 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 |
|
| 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 |
|
| Federal Trade Commission - Consumer Credit Center |
| Features an assortment of helpful articles related to credit issues. |
| www.ftc.gov |
|
| 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 |
|
| 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 |
|
| myFICO - FICO Credit Scores, Online Credit Reports and Identity ... |
| myFICO.com: Get your Free credit report and Free credit score with a 30-day trial of Score Watch. All three FICO Scores and Credit Reports Available now ... |
| www.myfico.com |
|
| Credit Suisse Global |
| Credit Suisse Group is an international financial services group. - Shares part of SMI. |
| www.credit-suisse.com |
|
| Experian: Free Credit Report and Credit Score, Credit Check ... |
| Credit referencing and consumer targeting for the USA and other countries. |
| www.experian.com |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| 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 |
|
| Compare credit cards | apply for a credit card | 0% balance ... |
| Compare over 300 credit cards, including 0% offers and balance transfers, and make a credit card application online... |
| www.moneysupermarket.com |
|
| Ford Credit - Auto financing for Ford, Lincoln and Mercury cars ... |
| Ford Credit provides auto financing to finance a lease or purchase a car or truck through Ford, Lincoln or Mercury dealerships. |
| www.fordcredit.com |
|
| 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 |
|
| 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 |
|
| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
|
| 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 |
|