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Bad credit mortgage - Sometimes bad credit history can be rewarded...
When you have bad credit you wonder what lenders will offer you
for a mortgage deal on your home. The big obstacle, as you know,
was your bad credit history. To add to the all the fears, there
were a few pals of yours who held that the deals...
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...
Making a Credit Card Work For You
Boosting Your Credit-Rating With A Well-Managed Credit Card
A considerable obstacle standing between many Americans and the consumer goods they consider a necessary or desirable part of life is a ready way to pay for them. From a new piece of...
Maxing Out on the Minimum: Don’t Get Trapped Making Minimum Credit Card Payments
It’s an easy trap to fall into: you get that pre-approved credit card offer in the mail, most likely with an appealing introductory interest rate for the first six months. You feel like you deserve a little extra spending money, and the minimum...
Visa Or Mastercard: Which Credit Card Should You Apply For?
Should you get Visa or MasterCard? Is one of them better than the other? Will one of them help your credit rating more than the other? Many people ask themselves these types of questions when they think about getting their first credit card or...
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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 of trouble. Whether you are a college student getting your first credit card, or someone looking to switch, choosing the company and type is very important. These few tips should help make your decision easier.
1. Pay attention to interest rates. In truth, all credit card interest rates are ridiculous. However, it is always a good idea to choose the best interest rate for your needs. If you think you may have the potential to miss a payment or two, then a lower interest rate will suit your needs better than a higher interest rates. If you are completely confident in your ability to pay credit card debts off immediately, than interest rates should not be a problem. Always look for the median interest rate. Credit card companies offering extremely low interest rates may have other hidden charges. Extremely high interest rates are simply nonsensical.
2. The type of credit card must also be taken into account. Different credit card types have different offers. Major cards like American Express, Visa, Master Card, and Discover all have their positive and negative elements. Along with the type comes the credit card plan. Some credit cards are designed for college students, and have special bonuses for grades. Other credit cards offer reward points for shopping at a certain store. Always go for the credit card promotion that fits you best. If you eat frequently at a certain restaurant,
then maybe a credit card offering reward points for that restaurant is a good idea.
3. Keep in mind the bank associated with the credit card, and the credit card company’s policies on security. Identity theft is a large issue and continues to increase. Be sure that your bank has specific security plans to keep your personal information safe. In the event of credit card fraud, it is always good to have a company with great identity theft policies. Some credit card companies will work tirelessly to correct the identity theft problem and clear your name. Other companies may not be so eager to give up their time and money to protect your credit status.
4. Lastly, keep in mind some tricks credit card carriers may employ. Some banks will attempt to destabilize someone with good credit by sending their bills at different times. Other credit card companies will offer great rewards, but have hidden fees and high interest rates. It is always good to see a company’s policy on late payment. Some companies will take advantage of a late payment by raising interest rates drastically and severely injuring your credit. Never be afraid to read the fine print of any credit card agreement, because you might find something that you don’t agree with.
Getting a new credit card can be scary. Credit is a big deal because it dictates what you are able to borrow and do financially. However, with careful planning and decision-making, you will surely get a credit card that is worth having.
About the Author
John Daley writes about many financial topics, but focuses on credit cards.
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| National Credit Union Administration - Home Page |
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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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| The Credit Card Prank |
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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. |
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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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