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Bad Credit Refinance 101: The Hows and The Whats
If you are like every other home owner or general consumer out there, you need to pay for your expenses somehow. If you have bad credit, you might be limited in your options as to what you can do (or so you think…keep reading!). This can be...
Credit virus Debt
Secured And Unsecured Debt. What's The Difference? It’s easy to just think that debt is just debt, but in reality, there are different types of loans, and it’s important to know what which type you have. You will need to understand the...
Finding the Best Cheap Credit Cards
Want to find cheap credit cards? Your best source for
information on cheap credit cards is a Web site that not only
lets you view the offerings of a variety of credit card
companies but also gives you reviews of the various cards by
cheap credit...
Home Owners Avoiding Complications in Credit Repair
Avoiding complications in credit repair is almost important as
getting out of debt. When we have bills that were neglected
simply because we didn't have the money to pay the bills, or
else we purchased items instead of paying the bills, we are...
Need Credit Repair Help? Try Doing It Yourself!
No matter what many credit counseling scam artists may try to
tell you, no one can legally remove any information that is
up-to-date and accurate from your credit report. They can't do
it, and you can't do it yourself. However, you CAN request...
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The Credit Card Surprise That You Need to Look Out For
The Credit Card Surprise That You Need to Look Out For
Companies that issue credit cards want to make a profit. No one disagrees with that. The problem is that, we as consumers have, is when they have hide or disguise what it really cost for you to use a card.
Here are some ways that you could be paying more, not even knowing it for your credit cards.
Those Teaser Rates.
As these rates are low at the beginning but rise after six months or a year. This is a popular way for credit card issuers to attract new cardholders. I don't know if you're aware of this but when the low rate expires, any balance that you may have left on the card automatically jumps to the new rate and just not on new purchases. This is something you should discuss or read before you even get a new credit card with low teaser rates
Those Costly Cash Advances
There is usually both a finance charge or interest and a transaction fee for cash advance cash even though the as may say “no finance charges". There is no grace period for that cash advance. You will pay all the interest from the day you take that advance. The transaction fee may be as high as 2-5%.
Extra Fringe Benefits
Cards that were offering benefits like percentage discounts, rebates, purchase protection, etc., may have been cutting
back on those benefits and without any notice. Watch your mail when you get those updated versions for your credit card. If you don't read it, then you didn't know it changed and unfortunately it's your fault.
The Grace Period.
These high limit cards may sound great but may not have a grace period. If you ever noticed on your credit card bill, you may receive the bill five days before the due date. How are you supposed to then pay your bill on time?
If you don’t want to take any chances in having to pay a finance charge, then pay your bill in full each month. If you receive your bill late, call the credit card company and tell them that.
Two cycle billing.
Two cycle billing means the credit card issuer charges interest the first month that you don't pay your of balance in full.
Always read through your terms and conditions on your credit card bill and if you have any questions just call the credit card company and ask questions!
About the Author
Copyright 2005
Fern Kuhn, RN
Specializing in Diabetes
http://www.diabetestestingcenter.com
http://www.mortgageratecenter.info
You may reprint this article as long as you keep the links active
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