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Bad credit - why so prevalent?
Many "experts" blame the epedemic of credit problems in current society on factors such as lack of stable permanent employment, relegation of importance of marriage and the family unit, inadequate healthcare and insurance provision and failing...
Choosing A New Credit Card
1. Choosing A new credit card There are many reasons for choosing a new credit card . It may be your first card or you may wish to reduce the amount of interest you're paying each month or if you're lucky enough to pay off your balance each...
Common Credit Card Terms
Whether you have a credit card or you are thinking of getting one, what ever is the type of credit card, there is a simple credit card jargon that you must be aware of.
Credit Cards: This is a card issued by a financial institution that allows...
Homeownership Is Still Possible With A Flawed Credit History
Besides lack of a down payment, bad credit is one of the biggest obstacles to homeownership. However, just because you have blemishes on your credit doesn't mean that it has to be a dream deferred. It just means that you need to go into the...
Knocking Down the Debts with Credit Repair
If you take a hard look at your situation and analyze your debts carefully, you might just find a solution to knocking down the debts. Debts are bills we owe to creditors, someone or source that has extended us a line of credit believing that we...
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Different Credit Card Terms
Although everyone knows what a credit card is, recent studies
show that almost thirty per cent of credit card users asked
didn't know the meaning of several terms related to credit cards.
This small glossary aims to reduce this percentage by trying to
clarify the meanings of some of this terminology, at least the
most important words.
APR (Annual percentage rate): As with loans and mortgages, the
APR is a number that measures the annual cost of the credit.
Depending on the issuer and the type of credit card, it can be a
fixed APR or a variable APR. As the name states, a fixed APR
does not change through time, as opposed to a variable APR,
which varies according to a certain index (an economic indicator
calculated on several factors, including inflation). Credit card
issuers often show a "periodic rate", which is a reflection of
the APR but measured for each billing period.
Transaction fee: Some cards often charge a certain fee for each
transaction, that is, every time you pay using your card, a fee
is added to
the total amount charged. Annual fees: Most issuers
will charge a fixed yearly fee, called "participation fee".
Previous balance: This is the total amount of money that remains
unpaid at the end of the previous billing period. Of course,
most credit cards issuers will charge a fee over unpaid money.
Credit limit: The highest amount of money your credit card
allows you to owe.
Other costs: Some issuers may charge several different fees on
several different situations. For example, some of the creditors
will charge a fixed amount of money each period even if you do
not use the card, and some will charge you if you want to
terminate the service.
Of course, there is much more to know about credit cards; but
hopefully this small glossary will help you understand the
basics.
About the author:
Tamara Williams is a writer for credit
cards which is a site dedicated to providing consumers with
credit cards and financial help.
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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 |
| 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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| 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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