The holiday shopping season is almost over. Sales are down a bit this year, and with good reason. Most people have less money to spend, and less confidence on receiving a boost in their income anytime soon. Consumers however, are still heading to the mall to catch all the bargains that retailers have to offer. The reason of course is to find those perfect gifts, along with the satisfaction of finding a great deal.
To Have Or Not To Have A Credit Card
Even students are now allowed to get their own credit cards, provided that they comply with certain requirements. Being qualified to get a credit card however doesnt necessarily mean youre ready for one.
True 0% Apr Credit Cards: Do They Exist?
Because credit cards are now becoming more and more popular and competition among credit card institutions are getting stiff, credit card issuers are now finding ways to attract more potential clients to apply for their credit card. In fact, some credit card issuers even send emails and traditional postal mails to prospective clients in order to reach out to people and tell them about their credit card offers.
Understanding The Credit Score Rating Scale
Anyone who has checked into their credit score has probably found the rating scale to be somewhat confusing. There are a bunch of numbers, each meaning something different. Understanding how this rating works will help you to read your credit score effectively.
The Nightmare Of Credit Card Debt And How To Beat It Through Debt Consolidation.
Credit card debt is a much discussed topic in the commercial and social circles. A big section of the population has been bit by this bug called credit card debt. Cant blame them much; as such, its pretty easy to fall prey to this bug.
The Dangers Of 0% APR
Youve probably received a call from bank representatives asking you to open an account or switch your balances to them. They might lure you with saying they offer 0% APR on balance transfers or on your first year of using the new card. Using the credit card with 0% APR sounds too good to be true. Before you sign up for their offers, you must be aware of some hidden charges they have.
The Fastest Way To Pay Off Debt
There’s some debate among financial planners as to the best way to pay down debt. Some say paying the highest interest rate debt first is the best way; others say paying the smallest balance first is the best way.
The Good And Bad News About Credit Card Debt
It’s not just your card payments you have to keep up. These require minimum payments made by a certain date each month and should you be unable to make the minimum payment or if your check arrives late, you get smacked with a hefty fee on top of the interest rates that you continually accrue on all unpaid balances.
Taking Control Of Your Credit Card Debt
The average American has over $8000 in credit card debt. Making minimum payments and not accumulating any more debt, it would take you 30 years to pay off the card and thousands more in interest. Thats why an important part of any family budget is to reduce and pay off that debt as soon as possible. Here are some ideas to get you on a road of no more credit card debt.
Secured Debt Consolidation Explained
When people are faced with a lot of debt, whether from credit card, department store cards or some other form of consumer credit, the best solution for paying it off is often to consolidate all the balances with a single loan. In most cases, these consolidation loans are secured by some sort of collateral, such as a house or car.
Secured vs Unsecured Debt
There are two primary types of debt: secured and unsecured. The easiest way to understand whether or not you have secured or unsecured debt is to determine whether or not a creditor can take away an object or your property in the event that you suddenly become unable to make payments on the account.
Should You Use Credit Counseling Services?
There are numerous credit counseling service providers available to consumers, and thanks to the increasing number of people who are struggling to get out from underneath a mountain of debt, there are new credit counseling organizations created regularly.