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Saturday, February 23, 2008
Fwd: Italian Consumers Pay in Cash, Dislike Credit Cards, Study Says
Fwd: A Free Credit Check that Doesn't Decrease Your Credit Score
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Fwd: Credit-card users get rate shock
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Fwd: When credit cards put you in jeopardy
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Fwd: Credit card rates stay up
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Friday, February 22, 2008
Fwd: BBL introduces contactless credit cards
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Fwd: Pushing Credit on the College Crowd
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Fwd: Australia's credit card bill tops $42b
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Fwd: Credit card rates stay up - Kansas City Star
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Wednesday, February 20, 2008
Fwd: The worst credit card deals in America - MSNBC - SendMeRSS
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Fwd: PetSmart offering pet picture credit cards - SendMeRSS
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Fwd: A Money-Saving Plan for the Spring Break Clan - SendMeRSS
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Fwd: Ex-Carbon court worker gets house arrest for using computers for ... - SendMeRSS
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Fwd: More people tap 401(k) accounts for cash - SendMeRSS
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Monday, February 18, 2008
Fwd: The impact of the credit crunch on British workers - SendMeRSS
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Fwd: Credit cards loosely tied to Fed rate cuts - SendMeRSS
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Fwd: Rate cuts no help to credit cards - SendMeRSS
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Fwd: A family's struggle against great debt - SendMeRSS
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Fwd: Don't let credit score decide financial path - SendMeRSS
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Fwd: Six held with 82 fake credit cards - SendMeRSS
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Fwd: Tip put on credit cards may shortchange servers - SendMeRSS
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Fwd: Credit customers need a bill of rights - SendMeRSS
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Sunday, February 17, 2008
Fwd: [Common Sense With Credit Cards] Used a Credit Card Abroad? It's Your Mon...
Used a Credit Card Abroad? It's Your Money-Back Moment Washington Post, United States - 22 hours ago By Joan Goldwasser If you used a credit card overseas between Feb. 1, 1996, and Nov. 8, 2006, you may be eligible for at least a $25 rebate check from your ... |
Link - Sun, 17 Feb 2008 05:10:00 GMT - Feed (1 subs)
Fwd: [Common Sense With Credit Cards] Local bank set to launch a rewards programme...
Local bank set to launch a rewards programme for credit card customers Cayman Net News, Cayman Islands - 8 minutes ago Marilyn Galloway, General Manager, Card Services, hailed the programme as one of the Caribbean Region's most comprehensive and far-reaching credit card ... |
Link - Mon, 18 Feb 2008 03:23:43 GMT - Feed (1 subs)
Fwd: [Common Sense With Credit Cards] The right card for your spending - The Times...
The right card for your spending The Times, South Africa - 5 hours ago The market research firm Razor's Edge Business Intelligence has done an annual comparison of credit cards for the past three years. ... |
Link - Sun, 17 Feb 2008 22:14:49 GMT - Feed (1 subs)
Fwd: [Common Sense With Credit Cards] Debt 101: Surviving the credit card temptati...
Debt 101: Surviving the credit card temptation in college Shreveport Times, LA - 19 hours ago By Lauren R. Sowell Jennifer Moreau, a fourth-year student at Louisiana Tech University in Ruston, knows quite a few people who have looked to credit cards ... |
Link - Sun, 17 Feb 2008 08:15:33 GMT - Feed (1 subs)
Fwd: [Common Sense With Credit Cards] Merchants want lawmakers to regulate credit-...
Merchants want lawmakers to regulate credit-card fees BurlingtonFreePress.com, VT - 18 hours ago The state legislation, titled the Vermont Credit Card Disclosure Act of 2008, is being supported by the Washington, DC-based Merchants Payments Coalition ... |
Link - Sun, 17 Feb 2008 09:22:35 GMT - Feed (1 subs)
Fwd: [Common Sense With Credit Cards] Thrown out for losing my card - Times Online...
Thrown out for losing my card Times Online, UK - Feb 16, 2008 Egg, the internet bank, threw out a customer simply because he had previously lost his credit card, according to a leaked e-mail. ... |
Link - Sun, 17 Feb 2008 00:05:55 GMT - Feed (1 subs)
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Posted By Keith Adams to Common Sense With Credit Cards at 2/17/2008 07:31:00 PM
Fwd: [Common Sense With Credit Cards] Higher rates will keep credit cards profitab...
Higher rates will keep credit cards profitable Chicago Tribune, United States - 19 hours ago So why are many people's credit cards growing more expensive? Hundreds of thousands of Capital One and Bank of America cardholders have been notified in ... The Democratic Candidates and Your Credit Cards U.S. News & World Report Card Sharks Forbes Consumers Lobby Congress to End Credit Card Abuses Consumer Affairs Jackson Clarion Ledger all 11 news articles |
Link - Sun, 17 Feb 2008 08:03:52 GMT - Feed (1 subs)
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Posted By Keith Adams to Common Sense With Credit Cards at 2/17/2008 07:31:00 PM
Fwd: [Common Sense With Credit Cards] New travellers' credit-card protection -...
New travellers' credit-card protection Times Online, UK - Feb 16, 2008 A landmark decision by the House of Lords means that travellers who use their credit cards to buy goods or services overseas can now hold credit-card ... |
Link - Sun, 17 Feb 2008 00:05:56 GMT - Feed (1 subs)
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Posted By Keith Adams to Common Sense With Credit Cards at 2/17/2008 07:31:00 PM
Fwd: [Common Sense With Credit Cards] Closing credit cards may or may not affect c...
Register-Guard - Answer: Closing out your card accounts probably will lower your credit score temporarily. But if whittling down your stack of credit cards means you'll be better about spending within your means, don't let that small blip stop you. Paying your ...
Link - Sun, 17 Feb 2008 17:31:00 GMT - Feed (1 subs)
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Posted By Keith Adams to Common Sense With Credit Cards at 2/17/2008 06:40:00 PM
Using Credit Consolidation Loans To Reduce Credit Card Debt
Credit card debt is more prevalent now than ever before. Credit card companies pursue college students and young adults that are eligible for a credit card and encourage the use of it. Unfortunately, these students and young adults don't always have the necessary financial management skills necessary to keep themselves out of debt. Many college students find themselves thousands of dollars in debt by graduation time. Those who do not learn from their experiences may find themselves as adults in debt with poor credit. One solution for these students and other adults that find themselves drowning in credit card debt is the credit consolidation loan.
It is extremely easy for credit card debt to spiral out of control. You make your minimum payment one month and again the next month, but if you are adding to this debt on a ongoing basis you are going to end up sinking in interest and high payments. People who find themselves in this precarious situation with thousands of dollars in credit card debt will benefit by taking out a credit consolidation loan and using it to pay off their credit cards. They should then close their credit card accounts and request that they are marked with “customer requested account to be closed.”
Credit card balances should first be transferred to the credit card with the lowest interest rate possible. You will then take out a credit consolidation loan with your lender. The loan will be used to pay off your credit card and then you will make monthly payments to pay off the loan. You should close all other accounts accept the card with the lowest interest rate. This card may be kept for emergency situations only such as fixing a broken down car or buying gas when you are stranded. The card should not be used for purchasing new shoes for a party when you just don't have enough cash to buy them with. Frivolous purchases are the easiest way to get into more credit trouble.
Most lenders will ensure that you make timely payments on your credit consolidation loan. If you are even one or two days late they will be sending you letters and making phone calls to you. They will make sure that your payment history with them is very good. This may actually help your credit in the long run. The one downside is that if you have a poor credit rating you are most likely going to have a high interest rate on the loan, but on the other hand, at least you are taking care of your financial situation.
It is extremely easy for credit card debt to spiral out of control. You make your minimum payment one month and again the next month, but if you are adding to this debt on a ongoing basis you are going to end up sinking in interest and high payments. People who find themselves in this precarious situation with thousands of dollars in credit card debt will benefit by taking out a credit consolidation loan and using it to pay off their credit cards. They should then close their credit card accounts and request that they are marked with “customer requested account to be closed.”
Credit card balances should first be transferred to the credit card with the lowest interest rate possible. You will then take out a credit consolidation loan with your lender. The loan will be used to pay off your credit card and then you will make monthly payments to pay off the loan. You should close all other accounts accept the card with the lowest interest rate. This card may be kept for emergency situations only such as fixing a broken down car or buying gas when you are stranded. The card should not be used for purchasing new shoes for a party when you just don't have enough cash to buy them with. Frivolous purchases are the easiest way to get into more credit trouble.
Most lenders will ensure that you make timely payments on your credit consolidation loan. If you are even one or two days late they will be sending you letters and making phone calls to you. They will make sure that your payment history with them is very good. This may actually help your credit in the long run. The one downside is that if you have a poor credit rating you are most likely going to have a high interest rate on the loan, but on the other hand, at least you are taking care of your financial situation.
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