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Bad Credit Mortgage Refinance - Should I, Shouldn't I?
It is a common financial scenario across households in the Western world. Multiple debts have started to build up: a car loan here, a department store loan there; a bank loan here and several credit cards there. While all may have seemed manageable...
Credit Problems, What You Can Do
Having a blemish on your credit report can lead people to believe that it will be impossible for them to obtain a mortgage or refinance their current one.
Although having less than perfect credit can be a challenge, all hope is not lost.
There...
SuperCharged Secret 5 - LIVING IN CREDIT CARD UTOPIA!!!!!
5 SuperCharged Secrets to Credit Card Utopia! Secret 5 of 5 LIVING IN CREDIT CARD UTOPIA Let’s just take a brief moment to recap: If you’ve been following along on this journey with me, learning the 5 Super-Charged secrets to Credit Card Utopia,...
Tips for Choosing a Credit Card Company
Credit Cards are essential for any consumer today. However, when choosing a new credit card company, many people do not know what to look for. It is important to have a good company because bad credit card companies can lead users into quite a bit...
Which Credit Card?
Bewildered by the sheer variety of debit cards and credit cards? Here is a breakdown of some of the main types of debit and credit cards available: Debit card You can use a debit card to buy goods and services. A debit card is very much like a...
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The Truth About Prepaid Credit Cards
Prepaid credit cards have been around for over ten years now, although they are just now coming into the spotlight. Prepaid credit cards are basically credit cards backed by major credit card
companies that offer you the ability to deposit money onto the card and then use it for purchases. You are not allowed to spend anything more than you have deposited in most cases. It is a great way to teach students good financial responsibility. There are a lot of advantages to prepaid credit cards, and only a few disadvantages. However, before committing to any prepaid credit cards, you should be clear on the company's rules and fees.
No Credit Checks
One great thing about prepaid credit cards is that there is usually no credit check required. This makes prepaid credit cards ideal for those with lousy credit scores or even those without any previous credit to build their credit. If you have bad credit, this is a nice way to slowly rebuild your credit score. Creditors will see the card on your report and see if you use it responsibly and often.
No APR
Many prepaid credit cards offer no APR on money deposited and your purchases. Some do charge high interest rates on your balances however, so beware. There is no reason you should pay a monthly
interest rate on money you have deposited or on purchases. Therefore, you should certainly look for cards that offer no APR.
Fees
Just like the bank, some prepaid credit cards charge fees on your transactions. Some prepaid credit cards will charge you ATM fees or cash withdrawal fees. These are the most common fees with
prepaid
credit cards. Some cards however may try to charge you a monthly usage fee. Try to get a prepaid credit card that does not charge this monthly fee. They exist out there, so just search.
You will save yourself a lot in the long run by avoiding a monthly fee on your prepaid credit cards.
Direct Deposit
Prepaid credit cards often have the ability to allow you to directly deposit your check onto your card. This eliminates the need to go to the bank each week. This is the perfect option for the cardholder that uses their prepaid credit card for everything. Take advantage of these convenient options, as they can save you time. The truth is, prepaid credit cards are responsible ways to spend money. They give you the option of using your money anywhere credit cards are taken without leaving you with a high monthly bill. Prepaid credit cards can also offer reward programs and other incentives similar to regular cards. They are convenient and low risk. As with any credit card, make sure your prepaid credit cards have terms which with you agree. It is better to read everything before rather than later.
Morgan Hamilton offers expert advice and great tips regarding all aspects concerning Credit Cards. Get the information you are seeking now by visiting http://www.Find-Cards-Now.com
About the Author
Morgan Hamilton offers expert advice and great tips regarding all aspects concerning Credit Cards.
Get the information you are seeking now by visiting
Prepaid Credit Cards
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| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
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| Credit - Wikipedia, the free encyclopedia |
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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, ... |
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