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10 Cons Of An International Credit Card
Credit card fraud is a fast increasing crime in the world.
International Credit Card holders are mostly the victims of this
unauthorized access to their accounts. Let's take a closer look
of the problems faced by international credit cards.
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7 Surefire Ways To Repair Bad Credit
Do you have a poor credit rating? If so, you are one of tens of thousands of Americans with the same problem. In fact, it seems that this has become a national ‘disease.’ And just what do people need that have a disease? They need a cure. Here...
Credit Cards - Free Money for your Business (short term)
This money generating method was recently passed on to me by a member of my mailing list, it is important to stress that this method involves the use of credit cards and takes advantage of the options that they offer you. It is no way illegal and I...
Credit Cards Without Late Fees? What You Don't Know Can Hurt You
Americans know all too well how much it costs to use credit cards. The average household in the U.S. now has nearly $10,000 in credit card debt. Carrying such debt is fine, as long as you realize that there are costs associated with it. The interest...
Credit Report – Look Out for Your Debit Report, Too
Most consumers are aware that there are companies that keep track of their personal financial transactions – installment loans, mortgages, credit card accounts, bankruptcies and judgements. These items are assembled by the three main credit bureaus...
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Do We Underestimate What We Spend On Credit Cards?
An investigation organized by Egg says consumers have greatly underestimated the amount that credit cards are used throughout the United Kingdom, what this means is consumers are spending a lot more than they think. The investigation revealed that when consumers thought they had spent was £236billion was in fact £437 billion, some difference!
How come there is such a big difference?
Well most of us usually pay for everything with the plastic card and find it hard to keep track of what we spend.
Most people have more than one credit card and a lot of them transfer their balances from time to time to get the best interest rate, so when you are working with two or more credit cards it's easy to miscalculate how much you're spending, and with so many different payment options for you to choose from you can see how there can be such a difference in what we spend, over £200billion! scary or what?
Another question you have to ask is, if we do not know what is in our accounts how do we know we are not getting ripped off?
Six out of ten consumers didn't know how much was in their accounts so money could be taken out and they would have no idea. Mind you some would say (not me you understand) if you don't keep track of your money you deserve to have it pinched.
The
British Bankers Association revealed that by the end of September, credit cards sales had fallen for the last two months indicating that consumers are being careful, but with Christmas around the corner I am sure the credit card sales will be up and we will have another bumper spending spree with the plastic cards.
So the question was, are we underestimating what we are spending? well the facts definitely say yes!
So what should we do about it well keep a tighter grip on your accounts, double check what's coming in and out and make sure everything balances at the end of the month.
good luck!
Peter Kenny has been writing financial articles for the last five years and offers great advice on credit cards and loans more information can be found at http://www.creditcards-gb.co.uk
Some important contacts:
http://www.bba.org.uk
http://www.cccs.co.uk
About the Author
Peter Kenny has been writing financial articles for the last five years and offers great advice on credit cards and loans more information can be found at http://www.creditcards-gb.co.uk
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