Credit card debt

May 6th, 2011 by Author

In the earth of cards, credit bill is too common. Debt from cards can often be very demanding, and bring about a pretty crippling situation. No one is immune to credit card debt, as perhaps students can certainly experience debt with their credit cards in addition. With persons using their cards more nowadays, more plus

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Choose from These 4 Unique Fund Raising Ideas!

November 5th, 2007 by david333
When fund raising, it is always a good idea to approach the event from an angle that will appeal to the masses and provide enjoyment for all, rather than something that is boring and will only attract those who feel they have to participate. There are a variety of ways that you can use your unique fund raising idea to inform and also entertain your group. From Pasta to Pencils The ‘Fun Pasta Fundraising’ Company is an American based company that has taken fund raising to a new level. They produce pasta in all shapes; sizes and colours that come packaged with funky logo’s that will appeal to all. To find out more visit our website.


Transferring a Credit Card Balance

August 18th, 2007 by creditorweb2
Are you staring at that attractive advertisement for switching credit card companies by transferring your balance from one card to another? While many of these offers are truly great deals, balance transfers and card-switching is not something to jump into, eager as you may be. You need to do your homework first: Do enough research and investigating in order to determine whether it in fact is worth it or a good idea to make the transfer.

First, find out if it is in fact worth it. Generally speaking, these attractive advertisements and super credit card deals advertise very low introductory rates if you transfer your current balance from an existing credit card onto this new one. You can stumble upon these offers anywhere—online, in the mail, on a flyer or via a telephone call from credit card company salespersons—and you need to determine how great these deals really are, or if you’ll just end up paying much more in fees and interest in the long run.

Read the fine print. Read everything. Read it through several times so that you make sure you understand what it is saying. It may appear to be a bunch of financial jargon that you might


Understanding the Debt to Income Ratio

July 23rd, 2007 by Credit Diva
Your debt to income ratio is important to your overall credit score. Spending more than you earn results in a high debt to income ratio, lenders see you as a higher credit risk. How is the debt to income ratio calculated? Take your net worth and your total Debt. Your net worth is comprised of your monthly net pay, overtime and bonuses and any other annual income you have. Your total debt includes mortgage loans and any other loans, car payments, credit cards, revolving loans or child support / alimony you may be paying each month. Divide your total monthly debt payments by your monthly income. A debt to income score of less than 36% is considered healthy, anything less than 30% is considered excellent. 36%-40% doesn't mean you won't be able to get a loan, but you will have a harder time meeting monthly obligations. Anything over 40% and you really need to work on destroying your debt. A common culprit. Credit card debt has a major impact on your debt to income ratio. What you owe on your credit cards can make or break your credit score. If your debt exceeds your income, your


Credit Card Processing Options for Home-Based Business Owners

July 20th, 2007 by Credit Diva
Are you the owner of a home based business that wants to be able to accept credit card payments from clients or customers, without all the high fees that typically go along with it? Well, now you can thanks to e-commerce and the internet. Special Options for Home-Based Businesses With proper research you will be able to find that many merchant account providers also now have special packages for the specialized industry of home-based businesses. No one knows your business like you do. Therefore, you should carefully research any and all possibilities before making a decision on what way is the best to accept credit card payments for services rendered. Though there are pros and cons to be weighed and considered, the option of being able to accept credit cards from clients and customers is a huge convenience for you both. For home based business owners, it has been a difficult and lengthy process in the past to receive payments from clients or customers; but by having a merchant account, you can now accept payments through a banking institute, independent sales organization, or by a third party such as PayPal. Home-based businesses must be approved in order to establish a true


Choosing a Business Credit Card

June 21st, 2007 by Credit Diva
You may or may not be aware of the benefits of using business credit cards, not limited to being able to make purchases over the phone, online, simplifying book keeping by having all your company expenses on a single card and saving money on checks. Other benefits include rewards programs for business travel, office supplies, cash back on purchases and more. When deciding on a business credit card for your company, there are several things to take into account. Corporate Credit Card or Business Credit Card? Corporate credit cards do not carry interest rates but do require monthly or annual fees. You'll want to find a corporate credit card that gives you a single bill for all of the credit cards you have on your corporate account. You can opt for itemized listings for purchases when you are issuing corporate credit cards to multiple employees in your organization for accountability in spending. Business credit cards, on the other hand, are a lot like personal credit cards in that they have a credit limit and monthly payments are required. Your business' credit rating is a factor when lenders decide whether or not to grant you credit, and an interest rate will


How Do You React When Your Stocks Are Down

May 16th, 2007 by spiff1971
When investing and dealing with the market,  losses are inevitable on occasion. It may be a bitter pill for many to swallow but for those who are pros to the game it is a pill that should be expected along the way. The buy and hold method of trading the stock market has been preached to and from the choir loft. Yet it is one thing to hear and know that this is a solid investment tactic and another thing in which to follow through when your stock has dropped 20 points during the course of a single afternoon. If you have experienced a bear market,  you know how difficult it is to stick with your original investment strategy.  Should you sell now and protect your capital? Should you wait? Will it bounce? If you sell now will it bounce? Should I sell half now? Your emotions will often try and get the best of you. A good trader will control their emotions,  and assess the current situation.  What was the reason for the drop? Was there news released? Has the environment in which you are now trading in changed? The buy and hold strategy requires discipline. Nerves of steel are also helpful. 


A Closer Look at Pay Day Loans vs. Bank Overdraft Fees

March 14th, 2007 by admin
Bank Info Common types of collateral that usually do well with bank loans are real estate, precious metals, automotive titles, and the equity that homeowners have built up while paying on their mortgage.
The banks say that the overdraft programs, which cover bounced checks and allow people to overdraw their accounts, are a service to their clients. But these overdraft programs are certainly a bad deal for consumers. Unlike typical lines of credit, which charge annual interest of up to 20 percent, the new overdraft plans charge flat fees for every processed overdraft, translating into an annual interest rate of over 1,000 percent. Unlike lines of revolving credit, which allow customers to repay the loans at their convenience, these plans require clients to bring accounts back into positive balance in only a few days. While most traditional lines of credit have limits of thousands of dollars, the new overdraft plans have limits of $100 to $300. After the overdraft is expended the banks again start bouncing checks.
Bank Info Since you are betting your most valuable possession as collateral,


Rental Car Insurance – Do You Need It?

March 13th, 2007 by admin
Tips! People struggle to find cheap car insurance. Insurance companies want to make as much money as they can, consumers want to pay as little money as they can.
First of all, most U.S. drivers already carry auto insurance which will provide full or partial protection while driving a rental car (within certain dollar limits and coverage only for rentals within the United States and, sometimes, Canada). Some insurance policies only cover cars rented while your own car is being repaired, while most do not cover certain types of vehicles, like luxury cars or vans. Check your own personal policy for these limitations and exclusions. Even with these limitations, your personal auto insurance will be the primary source of coverage if you have an accident or suffer injury while driving a rental car. Other types of coverage, such as credit card policies and the rental company's optional insurance offered at the time of the booking, will be subrogated. This means it will not apply until you have reached the maximum of your own auto insurance coverage. Also, be aware that your personal auto insurance rates may increase if you file a claim


Bank Auto Loans

March 12th, 2007 by admin
Bank Info Looking at the long-term implications of borrowing rather than the short term is a key aspect to keeping debts to a minimum, especially as banks appear to be cutting back on credit card incentive offers this year according to Richard Brown, chief executive of credit card comparison website Moneynet.
All banks lend money to individuals or a group of individuals. But all this money given out by the bank is supposed to be returned back to the bank on a few conditions. The foremost condition is that one has to pay the bank debt in easy payment installments over a considerable period of time. The monthly money is charged with an additional amount of money based on a percentage of the actual money. Bank loans have become very common phenomena in the contemporary period where the world is running on financial capital. Starting from the smallest of families to the biggest companies and corporate sectors, all require money to make their dream fulfilled, to make a plan work in its own way or simply to resolve a problem through money. Usually the bank gives a loan to a person on