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100% Financing Or No Down Payment & Bad Credit Mortgage Loans
Sub-prime lenders now offer financing packages with zero down.
Interest rates are higher on these types of loans, but they make
purchasing a house easier. And unlike a conventional loan, there
is no private mortgage insurance required. There are...
5 Ways Poor Credit Scores Costs You Extra Money
Most of us want a good credit report to obtain automobile
financing, credit cards, and to purchase a home. But, beyond
these consumer loans, your credit report can cost you in
everyday living expenses. What you don't know about your credit
could...
Bad Credit Loan 101
Having a very shaky financial condition may pose the risk of
disastrous events or options-- having to deal with higher
interest rates, and worse --bankruptcy. However, there is light
for the financially unstable-- bad credit loans.
When one...
Personal Credit Report
Your personal credit report is an electronic record of your
credit activities. These activities include borrowing money to
buy a car, applying for a loan or credit card and your payment
history of the loans you have taken. Every time you...
Stoozing Can Reduce Interest Paid On Credit Cards
Stoozing can reduce interest paid on credit cards. Many credit
card companies offer special introductory interest rate offers
in an attempt to win customers. This is like a loss leader in a
shop - they tempt you to use their credit cards with a...
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Settle Smart: How To Do Credit Card Payment
The first step in doing a credit card payment is to understand
your monthly billing. The following are terms you will encounter:
Statement date - The date that the bill was printed.
Payment due date - this is the day that the cardholder must pay
any outstanding balance. Payments made after the said date will
be credited, but will also be fined a lateness fee.
Total Amount Due - It consist of the unpaid amount from the
previous month, as well as purchases, payments and interest
charges for the current month. When the cardholder pays this
amount on or before the payment due date, no interest charges
will be imposed.
Minimum Amount Due - this is a smaller fraction of the total
amount due. To maintain a good standing with the card company,
pay at least this amount, if you cannot afford to pay the total
amount due.
Finance charge - if the cardholder is not able to pay the total
amount due, then he is charged a fee for borrowing money from
the company. It is calculated based on the interest rate of the
card.
Late charges - Paying or not, after the payment due date, is
penalized with late charges. Avoid this as much as possible as
this is almost 2X the interest rate of the finance charge.
Consistently missing payment may lead to cancellation of the
card and a bad credit standing.
Having understood the information
on your monthly bill, here are
simple strategies for paying your credit card charges:
Always pay the total amount due. Paying only the minimum amount
due means being charged for a high interest rate on the unpaid
amount.
If you cannot pay the total amount due, pay as much as you can
above the minimum amount due. This strategy aims to reduce the
finance charges that you have to pay for settling partially.
Do partial payments as early as possible (as soon as you receive
the billing). Finance charges are based on the unsettled amount
and the time it remains unsettled, so the shorter it is, the
lower it will be for finance charges.
Some card companies reward loyal cardholders by accumulating
points for their spending. Check if reward points can be
credited back as payment.
Lastly, pay the total amount due. Just to emphasize the point!
There are many avenues to pay your card bill. There's the
traditional way of waiting in line, or the faster way of paying
electronically through your computer, cash machine or mobile
phone. With all these conveniences at hand, it is quite
unforgivable to miss your payment due date.
Therefore, settle smart: pay the total, pay on time.
About the author:
More information about credit and credit cards is available at
stooze online
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| Credit - Wikipedia, the free encyclopedia |
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| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
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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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