News & Tips

Instant Approval Credit Cards

cgisme — Wed, 02 Jul 2008 14:29:55 +0000

With instant approval credit cards, I won’t have to worry about the usual delays in processing my application. I can just submit my info online, and get an answer almost immediately based on my past financial history. If all goes well, I can expect to receive my instant approval credit cards in a week or two. More …

Tags: General, Financial, Credit

Credit Counseling At A Glance

auposter — Wed, 25 Jun 2008 08:25:03 +0000

Recently new bankruptcy laws have come into effect that require debtors to attain consumer credit counseling first, and reach an agreement with creditors without having to involve the lawyers and courts. Bankruptcy is final and drastic; it stays on your credit record for ten years, and legally, you can file every seven years if you want to, though I wouldn’t recommend it. It is possible to get credit again with some type of secured loan or credit card, but it doesn’t come any where near repairing the damage that has been done to your credit. Everyone needs to check out your credit score for some reason or another, examples of this: renting or buying a home, buying a vehicle, attaining employment, being approved for a security clearance required for some types of positions, applying for any type of loan or credit card, or even opening a bank account with an overdraft protection feature.

Tags: Wealth, Financial, Credit, Debt

Why Bad Credit Personal Loans Can Be The Financial Solution

auposter — Wed, 25 Jun 2008 08:07:40 +0000

The first step in repairing bad personal credit is of course identifying that you in fact have it and more importantly, why. So a good place to start is with a credit report. There are a number of websites today that offer credit reports. While some of these sites are somewhat dubious, others can provide some valuable insights into your credit history, explaining why you might have bad personal credit. Some good examples of credit report companies include Equifax and Experian. See our 3 Major Credit Bureaus page for further details.

Often times when you get a credit report you’ll see that your bad personal credit is due simply to a forgotten bill or two you never paid. Many businesses trying to collect on a late bill will turn to collection agencies, which will in turn wreak havoc on your credit rating until you pay up. Although these collection agencies are always supposed to contact you first, they don’t always succeed in reaching you if you move around a lot and so you may have been a target for one of these companies without ever knowing it.

Tags: Wealth, Financial, Credit, Debt

Reporting Identity Theft to Credit Bureaus

auposter — Wed, 25 Jun 2008 07:02:41 +0000

Get Your Equifax Credit Report Now!

TO CALL EQUIFAX
For general concerns - call 1-800-685-1111
To report or investigate fraud - call 1-800-525-6285

TO WRITE
To send snail mail correspondence - write to:
PO Box 740241, Atlanta, GA 30374

Experian – www.experian.com – Experian also offers products and services to protect against fraud, to check 3-credit bureau reports, to check vehicle history (with a report), and to get further educated—understanding your credit and heeding customer alerts (such as those on Experian’s Katrina victims help pages and how to beware of phishing).

Tags: Wealth, Financial, Credit, Debt

Be Familiar With Contracts For Balance Transfer Credit Cards

hlgiles — Thu, 08 May 2008 12:24:09 +0000

Traditionally speaking, most balance transfer credit card companies offer zero percent to potential customers with excellent credit. The offer term is normally one year. Offers should be used when the consumer is looking to purchase large ticket items such as furniture for a new house, holiday items, or automobile purchases. New furniture is a large expense, and paying off thousands of dollars over one year with zero percent interest is much more affordable.

If you have a large amount of debt, a balance transfer credit card can provide the relief that you need, but it can be used for other things as well. Using a balance transfer credit card to make large purchases can help alleviate the burden of spending such a large amount of money at one time.

Tags: Wealth, Wisdom, General, Financial, Credit

Beware The Sudden Rate Hike

lc07 — Sat, 19 Jan 2008 05:29:34 +0000

There are some credit card lenders out there who are trying to scam you. They’ll offer you a good interest rate, wait for you to spend a lot of money, and then suddenly jack up the interest through the roof. Suddenly you’re screwed, with nowhere to go.

Is That Legal?

Well, it shouldn’t be, and in most countries it isn’t. Suddenly increasing your interest rate is generally associated with loan sharking and usury (the practice of lending money at illegally high interest rates) – it isn’t fair to raise the rate once you already owe the money, is it? Unfortunately, in the credit card world of ‘revolving’ debt, the distinction isn’t so clear cut…

Read more in Beware The Sudden Rate Hike

Tags: Wisdom, Financial, Credit, Debt

Best Secured Online Loan

announcer — Tue, 20 Nov 2007 15:02:07 +0000

Internet has facilitated easy and fast service in all fields. Whether you want to book your wedding venue or you want to arrange cash through best online loan, everything can be done on internet with minimum hassles of paperwork and documentation. The best part was I could use the facility of online wedding planner to plan out my wedding functions and carry them out successfully.

Tags: Credit, Weddings

Low Interest Balance Transfer

tomagogame — Wed, 26 Sep 2007 16:23:32 +0000

The first thing you need to know is whether or not the 4.99 percent interest rate is fixed. You could easily find yourself facing higher interest rates in the future if you don’t read the fine print. Many times this interest rate explodes after time.

People With Bad Credit

tomagogame — Sat, 15 Sep 2007 17:36:10 +0000

I don’t know if you’ve ever had bad credit, but let me assure you that it stinks. My wife had an experience with this before we actually met. A relative had stolen her information, charged up her credit cards and all sorts of garbage. She ended up with a load of debt and poor credit. Since the credit cards had such ridiculous APRs, she decided to research loans for people with bad credit. Her goal was to take out a loan with a low APR, pay off the credit card dept and then simply focus on paying back the loan. For those who aren’t clear on the term APR, it means annual percentage rate. So the total amount you owe on a credit card earns the credit card company a monthly percentage. If you owe 5,000 and your APR is 18.5 percent, they’re going to charge you 18.5 percent of 5,000 every single month. Yeah, it’s clear as day now, isn’t it? That’s a lot of cash thrown out the window. This is why loans for people with bad credit are a better solution. Find one with a low APR and pay less interest each month. It makes sense in the long run since you will be losing less money.

Read more about Loans For People With Bad Credit

Tags: Financial, Credit

Way To Eliminate Credit Card Debt

tomagogame — Thu, 13 Sep 2007 16:41:15 +0000

Sure, we all want to know the fastest way to eliminate credit card debt. That’s a given. The major question is; how do we get started? This is a tricky question for some, but not for me. I think the most prudent thing to do at this point is to examine how many credit cards you have and the interest rate for each of them. Write it all down. Now, how bad does it all look? Okay, it’s time to get online. This is a great asset to have when you’re striving to eliminate credit card debt once and for all. Pop open your Google search engine. It’s time to find the best routes to consolidation. What you ideally want to do is consolidate your credit cards and end up with only one low monthly payment. The key here is in the interest rate. You want the lowest one you can possibly find. Maybe this will involve a loan or maybe it will involve acquiring a new credit card and doing a balance transfer. It’s all about that APR. The last thing you want is a crappy percentage rate that bleeds you dry month after month. No one wants to lose all that additional cash to nothing. You want to pay off your debt and be done.

Read more about Eliminate Credit Card Debt

Tags: Financial, Credit, Debt