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Bankruptcy vs. Credit Counseling: What Should I Do?
Credit Counseling and bankruptcy are both ways to relieve the stress of debt. However, they are very different and it is important to understand both before making a decision as to which is best for you. Credit counseling is a program designed to...
Credit Building Strategies
IF you are attempting to build your credit there are many strategies we can look at to help you get started. If you have no credit, bad credit or good credit, building credit is important since regardless of your situation, you do not want to go...
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 creditors. Most debt counseling services are
nonprofit organizations; however, there are a few that...
Entrepreneurs (or Anybody Else): If You Must Use Credit Cards, Practice "Safe Swiping"
"But Everybody's Doing It"
Are you familiar with that plea some children make in an attempt to get what they want based on the behavior of their peers: "But everybody's doing it"? Should you, as a business founder or one who wants to be, use...
Why Some People Never Have Problems With Credit Bureaus
Credit bureaus watch all of us all of the time. If we simply turned over our homeland security to the credit bureaus we would have a huge staff dedicated to stopping terrorists rather than finding out whether we have a handle on asset management or...
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Options for the Best Credit Card
Consumers who want to maximize their options on a credit card
should first find out all the terms and related costs associated
with a particular card. For those who feel that the best credit
card is one that is low-rate and no-frills, they should
determine if the card has annual charges, as no-frills users do
not need to pay such fees. Some upscale prestige cards, air-mile
credit cards and similar rewards packages collect annual fees in
exchange for perks, services and other rewards.
The definition of a best credit card varies depending on
personal preference. Individuals currently have many options
available in the market, including instant approval cards, cash
back credit cards, low-interest credit cards and prepaid debit
cards.
The percentage rate (APR) is another crucial element users must
weigh before signing up for what they feel is the best credit
card in the market, particularly those with balances, as lower
interest rates mean lower payments for carriage and substantial
savings.
For fixed-rate cards, owners can expect interest rates to be
more stable - a credit card on 12.99% interest is likely to
remain at that level for a relatively longer period of time
compared to a variable card. However, holders decided on
securing the best credit card should be aware that even
fixed-rate terms could change, although card
companies are
required by law to issue a written notice for any rate
adjustment at least 15 days prior to their affectivity.
Variable-card customers need to know if their plans feature
minimum APRs, or 'floors' - the lowest-possible levels that
interest rates could fall to, inclusive of any adjustment by the
US Federal Reserve. A Bankrate.com poll indicated floors for 24%
of variable-rate issuers surveyed, with 75% of that group
already at minimum APRs through October 2001. This means that
the interest rate on these cards will only go up in the future.
How long or short a grace period is for settling balances is
another factor that customers seeking the best credit card
should consider. Since interest charges kick in when the grace
period lapses, a company offering longer grace periods means a
more extended time for users to settle outstanding obligations
without paying interest before their next card purchases are
penalized.
Individuals seeking the best credit card deal should also be
aware of all penalty policies covering missed payments,
purchases exceeding the limit or balance transfers. First USA
and other providers have a $35 ceiling for such transfers, while
Citibank has a $50 cap.
About the author:
More information about credit and credit cards is available at
stooze online
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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. |
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| Credit - Wikipedia, the free encyclopedia |
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| The National Foundation for Credit Counseling |
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| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
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| The Credit Card Prank |
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| Credit magazine, corporate bonds, derivatives, structured credit ... |
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| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
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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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