Manage Your Credit Card Debts - The Basics
By Glenn Franklin
Anyone under a lot of credit card debt should start managing it immediately. One of the main reasons I am saying this because if you end up not paying your credit card debts because they were too high, and you declare bankruptcy, it would give a permanent blotch on your credit score, disabling you to acquire even small loans, and putting you in major financial crisis for a good seven to ten years.
So here are some basic guidelines for managing your credit card debts:
1. First of all you should start paying more then your minimum payment. In this way, you can ensure that your minimum payment never goes up, but goes down again, so if you even miss out one of these months, it doesn't go high up to such drastic level that you end up not paying it at all. Whenever you miss out on anyone of your payment schedules, your minimum payment goes higher.
2. You could get some cheap online money tracking and managing software that will enable you to keep track of when you need to do your payments and to which company. This would help you a lot because it will do the entire math for you and manage your account, while you just sit back and write checks.
3. Another strategy you could work with is negotiating with the credit card companies. With the global recession going on these days, the companies are surely looking for ways to get any of their money back, because if everybody starts filing bankruptcy, the credit card company would go bankrupt too. You can always negotiate on flexible payback terms, and lower minimum payments.
4. If you have a low budget for managing your credit card debt, you should be open to the credit card company and write them up and tell them about your problems, asking them for a flexible payback program.
5. If you have a limited budget for debt repayment, write down what you can pay each creditor every month.
So remember, the best way out of your debt situation is playing it smart, and being cool. If you deal with the situation intelligently, you would be happy and can reduce credit card bills in no time.
If you're struggling with bills and credit payments but don't want to live like a miser, you should look into the multiple ways to make money with grants There are many ways to find multiple streams of income.
Click Here >> to Learn How to Reduce Credit Card Bills without consolidating debt or filing for bankruptcy.
=============================================
First Time Credit Cards - Which Ones Are They?
By Josh Ross
For some young people, the opportunity to get their first time credit card ranks as high as a chance to receive a driver license. It marks yet another milestone in their maturation process. In order to successfully apply for first time credit card though, it is helpful to know the categories that offer you the best chances of approval.
These are the categories you may consider.
Secured credit cards: These are primarily for first-timers, and they require a security deposit. You may charge up to 100% of your security deposit, which is held in a separate account as collateral. The great benefit of this category is that it can help you build or repair your credit. Based on your payment history, the deposit requirement may be removed. An excellent example is Ultra VX Visa Card which requires no minimum income and no bank account. It also offers Clear Rewards for American Airlines, Southwest, jetBlue, Marriot, and more. There are no restrictions and approval is guaranteed.
Student credit cards: This is an excellent category for students with limited payment history. They are loaded with rewards and incentives specifically designed for students. For example, Citi mtvU Platinum Select Visa Card for College Students offers up to 2000 ThankYou Points twice a year for maintaining a good GPA; 5 ThankYou Points for every dollar you spend at restaurants, bookstores, record stores, movie theaters, video rental stores, and 1 ThankYou point for every dollar you spend on all other purchases. As a student, you are certain to spend money on items like books, movies and video rental, right? If so, why not earn rewards points for your money? It is a win-win situation for you, and it makes perfect sense.
Prepaid debit cards: This category also requires cash deposit, which is directly reduced by the charges you make, just as a withdrawal reduces the balance in your checking account. No credit check is necessary and approval is guaranteed. Eufora Prepaid MasterCard is one of the best in this category. It offers 100% approval guaranteed, free direct deposit, free point of sale transactions, free 24/7 online access to your account and free live customer support. Most of all, it is very affordable; it has a yearly fee of $10 only.
Here are the important points to remember. First time credit cards include secured, student, and prepaid cards. They offer great benefits to consumers. In addition, they can help you build or repair your credit fast.
Josh Ross is a Financial Analyst. For first time credit cards, visit shopcreditcards247.com
=======================================
Credit Repair Advice - What Approaches Are Worth Your Time?
By Tom Lalonde
We live in a time when even people with so-called "good" credit scores are finding the amount of money available to be lent to them has decreased. People who don't have good credit could find there is no credit being offered them. Or the interest rates they'll be expected to pay are ridiculous - especially since the prime rate is at an historic low.
The best way to protect yourself from the worst of this is to protect (and fix) your credit rating. Here are some tips to help get you started.
1. Keep making your payments on time. Every time an account gets two payments or more behind, that's another black mark on your record.
2. Don't close off credit cards or credit accounts thinking that will help your credit score - chances are it will hurt it instead.
3. Opt Out. Each of the credit reporting agencies has the right to sell your information to anybody that might want to offer you credit. Do you think it's a god idea to accept cr4dit form a company that offers it to your in the mail? Then remove the temptation. Find out the numbers for each credit agency to call and opt out of this "service" they provide.
4. Get a copy of your credit report from each of the agencies - they are required to provide you with one free once a year. Once you have the reports, make a letter for each agency, listing all of the inaccurate information on it and asking that it be removed.
5. Know your rights. This is the most important thing. Don't let anyone pull the wool over your eyes as to what you can and cannot do or have done for you
To do everything you need to do to get your credit rating as high as possible in as short a time as possible can be a daunting task. I've found a product available online that you could be reviewing within minutes that spells out everything you need to do and when to get the best results possible. Click Credit Repair Advice now.
======================================
How You Can Get the Money You Need After Bankruptcy
By Kate Ross
Bankruptcy can leave an irreversible mark upon your credit history and credit file that can be hard to overcome for the next ten years. Many creditors look at your bankruptcy and subsequent discharge of debts as your willingness to turn your back on mountains of debt and default on creditors who loaned you money or extended credit to you in good faith. You may be looked at as unworthy for the credit that you need, or as a huge risk that should be avoided when it comes to borrowing money or being granted credit.
Your New Borrowing Image
There are lenders, however, that look upon your new credit status in a different light. You can now be viewed, literally, as a potential borrower who owes nothing to anyone - because you suddenly have no outstanding debt. You also pose less risk than a typical bad credit borrower when it comes to repaying your potential new lender because these lenders know bankruptcy law - and thus they know that you are not entitled to file bankruptcy for a period of years, which means that you will have little other choice but to repay them when they loan money to you.
If you have a good job that you have worked at for several years, this further improves your image in the eyes of potential lenders. They know you will not risk defaulting on your new loan - which might result in your creditor obtaining a default judgment against you and possibly garnishing your wages. Thus, in a sense, you now have better standing amongst certain lenders than you did just a few short months ago before you filed your bankruptcy petition.
Rebuilding Your Credit One Step At A Time
Once your bankruptcy has been discharged, begin to slowly rebuild your credit by establishing two secured credit cards. A secured credit card will have a credit line equal to a deposit that you make to the credit card issuer, which means that if you want a fairly large credit line, you will have to make a large deposit. Two secured cards with a $500 limit are perfect to begin with. Use these cards wisely and always run a balance of thirty percent on each ($150). Pay everything over this amount off in timely monthly payments.
At the same time, take out a small personal loan of less than $5,000. Plan to pay off this loan within two years. You may be asked to provide security to secure a personal loan at this stage in your rebuilding efforts, and you can do so in the form of collateral, such as your home or automobile. Again, timely payments are essential to adding valuable points to your score.
Save Money While Rebuilding Your Credit
Within just twelve months, by following this method, you will be working your way up on the FICO scale as well as be able to qualify for additional loans in larger amounts. A great place to receive post-bankruptcy loans is online. There are many online lenders who specialize in servicing borrowers whose histories include bankruptcies, which translates to lower interest rates than what you will find on similar loan products at your local bank.
Kate Ross has a Master in Finance and has been a university teacher as well as a financial consultant for years. She specializes in Unsecured Loans and also in helping people to get approved for Guaranteed Loans for Bad Credit, home loans, guaranteed loans, bad credit auto loans, guaranteed credit cards among many other financial products. For further information, please visit SpeedyBadCreditLoans.com
By Glenn Franklin
Anyone under a lot of credit card debt should start managing it immediately. One of the main reasons I am saying this because if you end up not paying your credit card debts because they were too high, and you declare bankruptcy, it would give a permanent blotch on your credit score, disabling you to acquire even small loans, and putting you in major financial crisis for a good seven to ten years.
So here are some basic guidelines for managing your credit card debts:
1. First of all you should start paying more then your minimum payment. In this way, you can ensure that your minimum payment never goes up, but goes down again, so if you even miss out one of these months, it doesn't go high up to such drastic level that you end up not paying it at all. Whenever you miss out on anyone of your payment schedules, your minimum payment goes higher.
2. You could get some cheap online money tracking and managing software that will enable you to keep track of when you need to do your payments and to which company. This would help you a lot because it will do the entire math for you and manage your account, while you just sit back and write checks.
3. Another strategy you could work with is negotiating with the credit card companies. With the global recession going on these days, the companies are surely looking for ways to get any of their money back, because if everybody starts filing bankruptcy, the credit card company would go bankrupt too. You can always negotiate on flexible payback terms, and lower minimum payments.
4. If you have a low budget for managing your credit card debt, you should be open to the credit card company and write them up and tell them about your problems, asking them for a flexible payback program.
5. If you have a limited budget for debt repayment, write down what you can pay each creditor every month.
So remember, the best way out of your debt situation is playing it smart, and being cool. If you deal with the situation intelligently, you would be happy and can reduce credit card bills in no time.
If you're struggling with bills and credit payments but don't want to live like a miser, you should look into the multiple ways to make money with grants There are many ways to find multiple streams of income.
Click Here >> to Learn How to Reduce Credit Card Bills without consolidating debt or filing for bankruptcy.
=============================================
First Time Credit Cards - Which Ones Are They?
By Josh Ross
For some young people, the opportunity to get their first time credit card ranks as high as a chance to receive a driver license. It marks yet another milestone in their maturation process. In order to successfully apply for first time credit card though, it is helpful to know the categories that offer you the best chances of approval.
These are the categories you may consider.
Secured credit cards: These are primarily for first-timers, and they require a security deposit. You may charge up to 100% of your security deposit, which is held in a separate account as collateral. The great benefit of this category is that it can help you build or repair your credit. Based on your payment history, the deposit requirement may be removed. An excellent example is Ultra VX Visa Card which requires no minimum income and no bank account. It also offers Clear Rewards for American Airlines, Southwest, jetBlue, Marriot, and more. There are no restrictions and approval is guaranteed.
Student credit cards: This is an excellent category for students with limited payment history. They are loaded with rewards and incentives specifically designed for students. For example, Citi mtvU Platinum Select Visa Card for College Students offers up to 2000 ThankYou Points twice a year for maintaining a good GPA; 5 ThankYou Points for every dollar you spend at restaurants, bookstores, record stores, movie theaters, video rental stores, and 1 ThankYou point for every dollar you spend on all other purchases. As a student, you are certain to spend money on items like books, movies and video rental, right? If so, why not earn rewards points for your money? It is a win-win situation for you, and it makes perfect sense.
Prepaid debit cards: This category also requires cash deposit, which is directly reduced by the charges you make, just as a withdrawal reduces the balance in your checking account. No credit check is necessary and approval is guaranteed. Eufora Prepaid MasterCard is one of the best in this category. It offers 100% approval guaranteed, free direct deposit, free point of sale transactions, free 24/7 online access to your account and free live customer support. Most of all, it is very affordable; it has a yearly fee of $10 only.
Here are the important points to remember. First time credit cards include secured, student, and prepaid cards. They offer great benefits to consumers. In addition, they can help you build or repair your credit fast.
Josh Ross is a Financial Analyst. For first time credit cards, visit shopcreditcards247.com
=======================================
Credit Repair Advice - What Approaches Are Worth Your Time?
By Tom Lalonde
We live in a time when even people with so-called "good" credit scores are finding the amount of money available to be lent to them has decreased. People who don't have good credit could find there is no credit being offered them. Or the interest rates they'll be expected to pay are ridiculous - especially since the prime rate is at an historic low.
The best way to protect yourself from the worst of this is to protect (and fix) your credit rating. Here are some tips to help get you started.
1. Keep making your payments on time. Every time an account gets two payments or more behind, that's another black mark on your record.
2. Don't close off credit cards or credit accounts thinking that will help your credit score - chances are it will hurt it instead.
3. Opt Out. Each of the credit reporting agencies has the right to sell your information to anybody that might want to offer you credit. Do you think it's a god idea to accept cr4dit form a company that offers it to your in the mail? Then remove the temptation. Find out the numbers for each credit agency to call and opt out of this "service" they provide.
4. Get a copy of your credit report from each of the agencies - they are required to provide you with one free once a year. Once you have the reports, make a letter for each agency, listing all of the inaccurate information on it and asking that it be removed.
5. Know your rights. This is the most important thing. Don't let anyone pull the wool over your eyes as to what you can and cannot do or have done for you
To do everything you need to do to get your credit rating as high as possible in as short a time as possible can be a daunting task. I've found a product available online that you could be reviewing within minutes that spells out everything you need to do and when to get the best results possible. Click Credit Repair Advice now.
======================================
How You Can Get the Money You Need After Bankruptcy
By Kate Ross
Bankruptcy can leave an irreversible mark upon your credit history and credit file that can be hard to overcome for the next ten years. Many creditors look at your bankruptcy and subsequent discharge of debts as your willingness to turn your back on mountains of debt and default on creditors who loaned you money or extended credit to you in good faith. You may be looked at as unworthy for the credit that you need, or as a huge risk that should be avoided when it comes to borrowing money or being granted credit.
Your New Borrowing Image
There are lenders, however, that look upon your new credit status in a different light. You can now be viewed, literally, as a potential borrower who owes nothing to anyone - because you suddenly have no outstanding debt. You also pose less risk than a typical bad credit borrower when it comes to repaying your potential new lender because these lenders know bankruptcy law - and thus they know that you are not entitled to file bankruptcy for a period of years, which means that you will have little other choice but to repay them when they loan money to you.
If you have a good job that you have worked at for several years, this further improves your image in the eyes of potential lenders. They know you will not risk defaulting on your new loan - which might result in your creditor obtaining a default judgment against you and possibly garnishing your wages. Thus, in a sense, you now have better standing amongst certain lenders than you did just a few short months ago before you filed your bankruptcy petition.
Rebuilding Your Credit One Step At A Time
Once your bankruptcy has been discharged, begin to slowly rebuild your credit by establishing two secured credit cards. A secured credit card will have a credit line equal to a deposit that you make to the credit card issuer, which means that if you want a fairly large credit line, you will have to make a large deposit. Two secured cards with a $500 limit are perfect to begin with. Use these cards wisely and always run a balance of thirty percent on each ($150). Pay everything over this amount off in timely monthly payments.
At the same time, take out a small personal loan of less than $5,000. Plan to pay off this loan within two years. You may be asked to provide security to secure a personal loan at this stage in your rebuilding efforts, and you can do so in the form of collateral, such as your home or automobile. Again, timely payments are essential to adding valuable points to your score.
Save Money While Rebuilding Your Credit
Within just twelve months, by following this method, you will be working your way up on the FICO scale as well as be able to qualify for additional loans in larger amounts. A great place to receive post-bankruptcy loans is online. There are many online lenders who specialize in servicing borrowers whose histories include bankruptcies, which translates to lower interest rates than what you will find on similar loan products at your local bank.
Kate Ross has a Master in Finance and has been a university teacher as well as a financial consultant for years. She specializes in Unsecured Loans and also in helping people to get approved for Guaranteed Loans for Bad Credit, home loans, guaranteed loans, bad credit auto loans, guaranteed credit cards among many other financial products. For further information, please visit SpeedyBadCreditLoans.com
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