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Improve Your Credit Rating Yourself - Tips How To Do It
A credit score is a rating system creditors use to help determine whether to give you credit, and how much to charge you for it. If you have ever applied for a credit card, loan, or insurance, then there is a file about you known as your credit...
Loan Options For The Bad Credit Borrower
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Steps to Credit Repair
Credit repair is not always easy, but there are solutions
available to help us get out of debt. We all have bills and
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The 7 Rules of Credit Card Balance Transfer
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The 7 Rules of Credit Card Balance Transfer
Credit card balance
transfer is a great way of consolidating your credit card debt, and also
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What Is Credit and How Does It Work?
Credit is a prettier word for debt. When you obtain credit you are borrowing money, or getting the right to access money (like a credit card, for example), and you agree to pay back the person or company that loaned you that money. In these type...
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Things to know about credit cards
A credit card is a card that allows you to borrow money for paying your purchases but bound to a certain limit. At the end off every month either you have to repay the whole amount or a minimum amount. A planned credit strategy will enable you to improve your credit worthiness. The most obvious thing, which can be done for building a good credit history, is repaying your bills on time, taking measures to protect your credit standings and making your credit report accurate and flawless.
Before making the choice of the credit card there are various points, which are to be kept in mind:
Annual Percentage Rate is the amount of interest you pay every year on your borrowings. The higher APR will make you pay more finance charges. The minimum repayment you make is basically the interest but paying a little more will help you in the reduction of your past balance. APR is one thing that can burn a hole in your pocket. So keep it as low as possible.
Introductory rates: When you sign for the card you are offered with a low or 0% rate of interest for an introductory period. You must keep in mind that this interest free period is applicable on purchases and balance transfers as well. This will reduce your bill considerably.
Gold and Platinum cards: If you are a high-end earner and lavish spender then these two cards can work wonders for you. These cards have lower interest rate, high or no credit limit and are accompanied with several services and benefits.
Grace period: This is also known as interest free period in which you can repay your amount without added interest. This helps you with your debt burden.
Cash back and
Rewards: There are various credit card companies which entitle you with the reward points which can be redeemed against free air miles, cash back or discounts. Keep a look that these points are viable for you like for example there is no use of collecting air miles if you never fly.
Balance transfer rates: This is the option, which is hunted by the people who are having a huge outstanding amount. Many cards offers lower rate of interest. Thus, if you transfer your balance from one card o another with lower interest it can help you with your debt problems and save a lot of money.
Late payments: This feature is the main stay of any credit card for careless spendthrifts. The interest keeps piling when you delay your payments. Thus, at one point of time the interest amount exceeds the principal amount. So it is advisable to check the charges levied on the late payments.
All these features and offers compile in to form a good credit card and you should be aware of your credit card well.
About the Author
Joseph Kenny is the webmaster of the UK credit card comparison site http://www.creditcards121.com/, where you can find a selection of 0% balance transfers. For US visitors there is also the comparison site http://www.credit-cards-info.com
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| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
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| Equifax Personal Solutions: Credit Reports, Credit Scores ... |
| National consumer credit reporting company that offers credit reports, FICO(R) credit scores and identity theft protection products to consumers and small ... |
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| The FTC's web site on Credit |
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| Federal Trade Commission - Consumer Credit Center |
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| AnnualCreditReport |
| Site set up by the big three credit reporting agencies in the United States, to furnish free annual credit reports, as required by federal law. |
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| Springboard - Non-Profit Consumer Credit Management |
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| Experian: Free Credit Report and Credit Score, Credit Check ... |
| Credit referencing and consumer targeting for the USA and other countries. |
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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. |
| www.ncua.gov |
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| Credit - Wikipedia, the free encyclopedia |
| Debits and Credits, a type of bookkeeping entry; Credit (creative arts), acknowledging the ideas or ... Retrieved from "http://en.wikipedia.org/wiki/Credit" ... |
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| Credit (finance) - Wikipedia, the free encyclopedia |
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| en.wikipedia.org |
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| The National Foundation for Credit Counseling |
| DebtAdvice.org is a service provided by the Members of the National Foundation for Credit Counseling (NFCC), most of them known as Consumer Credit ... |
| www.nfcc.org |
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| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
| FreeCreditReport.com: Free credit reports and credit scores from Experian. Get your free credit report and credit score now. It's free, fast, and easy! |
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| The Credit Card Prank |
| In my lifetime, I have made nearly 15000 credit card transactions. ... Credit card signatures are a useless mechanism designed to make you feel safe, ... |
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| Credit magazine, corporate bonds, derivatives, structured credit ... |
| Credit magazine provides information on the international credit markets for credit investors, issuers and market professionals. |
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| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
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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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