A credit card is issued by a bank or a credit union to an individual by means of which he/she can borrow money or purchase goods. Credit cards allow the user or the cardholder to pay the money later, with an interest charged to the amount. Every credit card is provided with certain features such as the card type (secure, regular or premium), interest rate, credit limit and annual fee. Credit cards, if used properly offer a number of...more
Bad credit usually arises when you do not meet your financial deadlines in the past. However, it does not mean that you will not be able to get the second chance to avail the loan. You still have chance with loans for people with poor credit rating which are planned to fulfil the demands of the adverse creditors. A person end with poor credit status due the reasons like irregular payments of earlier loans, country court judgment, and bankruptcy...more
The recent financial tsunami has a very devastating impact over the whole US economy as in the capitalistic economy everything is related with each other and the destabilization of one sector due to this turmoil resulted in chain effect which gripped the whole economy into its clutches and started to lead it towards recession. As I said, in the capitalistic economy everything is interrelated with each other so when this turmoil hit the economy it wiped out all the people's resources and most especially the credit card debtors as they lost their streams of regular incomes such as their lucrative jobs from where they were getting sufficient income to repay their liabilities and live a prosperous life.But the turmoil destroyed everything and left thousands of debtors helpless in the repayments of their massive unsecured credits. At this stage, the government intervened and took several highly beneficial steps which up to some extent stabilize the economy and bring the billions of dollars of capital in the country again.At this stage, the unfair practices of credit card companies revealed their myths and resulted in the increase of consumer bankruptcy rate because these...more
The authors of this article have spent years helping men and women throughout all parts of the United States alleviate their crushing financial woes by means of settlement negotiations and other forms of debt relief plans. We understand how bills can pile up almost beyond your notice, credit card debt accounts have the tendency to...more
Pre Paid Credit Cards for Minors Pre paid Credit cards have functions practically like credit cards and debit cards.They give the customer an chance to buy any thing but with some restriction. Money stored or loaded prior to purchase can be utilized, hence creating the shopper stay in limits. It is also identified as plastic material...more
Much as all unsecured revolving loans contain their own readily apparent snares - elevated Annual Percentage Rates being only the most obvious - the sneakiest gambit of credit card debt lenders has long been the minimum monthly payment. The tradition of paying just the bare minimum has likely been around for as long as the entire concept of credit cards (and credit card debt burdens). Still, now more than ever, minimum payments for credit card debt accounts have become an absolute blight upon the finances of average Americans as they struggle to meet just the regular household budgetary demands. Especially in times of economic turbulence, the difficulties of satisfying bills can too easily lead to a complete avoidance, conscious or unconscious, of the rising credit card debt burdens the account holders must one day tackle.This is the devil of minimum credit card debt payments. After all, even if you're fully aware of the potential risks involved with borrowing funds on credit card debt balances, it's just human nature to separate the thousands of dollars owed with the infinitesimal monthly stipends demanded by the unsecured lenders. If you're thinking that the minimum...more
The recent severe economic instability has brought not only very disastrous results, but also some teachings to those who try to live their lives in a luxury that is only on the basis of debt. Allow me to explain this statement. In good...more
Debt settlement is legal. Never allow any individual or expert to tell you that it is not legal to settle subsidy card debt. This is a completely legal option as you may be working with the consent of your lenders. If you operate without the consent,...more
If you are looking for financing of your personal purposes through a loan and do not want to take any risks, then unsecured credit can be an option for your circumstances. You can borrow the finance under certain terms-conditions. Before you opt for...more
Is there a way to tell if I'll be APPROVED before I even apply for a loan? And if so... HOW so? In this article we are going to take a quick and easy look at how to tell if your credit is good... and how to gauge your likelihood of...more
Who else is wondering how to tell if their credit score is bad? While many us know the obvious signs of bad credit like an old familiar friend, there are still thousands of people who have absolutely NO idea what to look for when it...more
How can you tell if your score is going to cost you a job...or a bank account, a car or even a place to live? In this article we are going to take a quick and insightful look at how to tell when you're credit is bad...and learning the...more