| (Published: Sat, 12 May 2007 11:50:52 -0400) |
| Debt-Free Lifestyle |
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Help to get a Debt-Free Lifestyle
Bankruptcy is a formal insolvency route for
individuals with serious debts that they cannot pay.
Bankruptcy is often the last resort and is usually
applied when no meaningful alternative can be
offered to creditors.
You may petition for your own bankruptcy |
| Author: Per Jönsson |
| Directory: Credit Card Debt |
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| (Published: Sat, 10 Feb 2007 12:53:52 -0500) |
| Why use a Prepaid Credit Cards |
| A prepaid credit card is a type of credit card secured by a deposit account owned by the cardholder. Typically, the cardholder must deposit between 100% and 200% of the total amount of credit desired. Thus if the cardholder puts down $1000, he or she will be given credit in the range of $500–$1000. |
| Author: Michael Earl Proctor |
| Directory: Credit Card Debt |
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| (Published: Fri, 12 Jan 2007 23:08:57 -0500) |
| Avoiding Late Payment Fees |
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Not everyone can make every payment on time, every time. Unfortunately, when a payment is late, or even missed, it’s a catch-22 situation. You missed the payment because you couldn’t afford to pay it, yet the next month you need to pay twice your payment plus a late fee. While you can’t do much ab |
| Author: Frank Bruno |
| Directory: Credit Card Debt |
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| (Published: Wed, 04 Oct 2006 07:46:01 -0400) |
| Financial Management |
| There's a new concept on financial management for students. Parents are loving it, and so are students. It's helping families teach their children how to become financially literate. Not an easy task.
This new development is a pre-paid card that is much like a debit card. It's PIN-based, and when |
| Author: John Reimann |
| Directory: Credit Card Debt |
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| (Published: Tue, 11 Jul 2006 10:44:51 -0400) |
| Don't Let Bad Credit Become Your Personal Disaster |
| There's only one way that people are freeing themselves from the shackles of bad credit and that is to create a new credit file on themselves within the credit bureau's computer system.
That is the opening statement of one Credit Repair Book being sold on Ebay. The book tells you to make changes |
| Author: Bruce Sheffler |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:46:42 -0500) |
| Alternatives to Credit Cards |
| Are you one of those people who only ever got a credit card for the convenience of being able to pay without cash, or because you weren’t aware of any other easy way to borrow money? Millions of us are, thanks to the unavoidable advertising of the credit card industry, and few people realise just ho |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:46:10 -0500) |
| Before the Last Resort: What to Do If You’re Considering Bankruptcy |
| Filing for bankruptcy is an extreme move, not a quick fix. It’s a long, painful process with a huge stigma, and you’re unlikely to be able to get any kind of credit for ten years afterwards. Yet bankruptcies are on the rise. Out of ignorance or stupidity, more and more people seem to be using bankru |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:45:38 -0500) |
| Negotiating Your Debts |
| If you’re in a really bad situation, and you just can’t even make your minimum payments this month, don’t worry. You can negotiate your debts, and pay back much less than you owe – as long as they get their debt plus interest in the end, no-one is expecting you to pay the full amount when you just c |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:45:04 -0500) |
| The Liars and Scammers of the Credit Card Industry |
| In the world of credit cards, there are plenty of people who are desperate to borrow money, and just as many people who are desperate to get back out of debt again. Given that, it’s not surprising that the industry is full of scams. Here are some to keep an eye out for.
The Debt Advisors.
Be v |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:44:30 -0500) |
| Should I Get a Consolidation Loan? |
| If you’ve got a really unmanageable amount of credit card debt, you might be considering a consolidation loan. A consolidation loan is a loan that you can use to pay off all your debts, meaning that you can pay them off for less money without having to worry about lots of different bills. Like anyth |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:44:03 -0500) |
| Pay it Back Strategically |
| When you’re paying back debts, a little strategy can make a difference of hundreds or even thousands of dollars. The best strategy is simple, but effective.
List Your Debts.
Write down a list of every debt you have, how much it is, and what the interest rate is. You might have trouble finding |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:43:31 -0500) |
| Don’t Save When You Have Debt |
| Humans are funny creatures. We don’t always do what’s best for us – instead, we do what feels best, and try to blank out any reasons why it might not be the best thing to do. Maybe that’s why there are so many people who have both savings and debts.
It’s a Matter of Psychology.
Yes, it feels b |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:43:06 -0500) |
| Stop Paying the Minimum |
| Credit cards are there to put you in debt and keep you in debt. When they do it, they have one tool at their disposal that is more effective than all the others. It’s called the minimum payment.
What’s a Minimum Payment?
Your minimum payment is the absolute minimum that you must pay off each m |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:42:34 -0500) |
| Moving Debt Between Cards Can Save You Money |
| If you’re like most people, you have plenty of credit cards, and you have stacks of offers for more. The credit card industry is so competitive that, whatever card you have, the chances are that somewhere out there is one that would be cheaper or better for you – and you can change as often as you w |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:42:07 -0500) |
| You’re Not Alone: Credit Card Statistics |
| Do you have any idea just how common credit cards are? Let’s take a look at a few statistics from the USA.
The average family carries a balance of between $5,000 and $8,000 on all their credit cards, depending on which figures you believe. Over $1,000 per family goes on interest every year. And t |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:41:25 -0500) |
| The Human Side: Debt Stress |
| In all the technical discussion you hear about credit card debt, the best ways to manage it and pay it off and all the rest, one thing goes largely ignored. Credit card debt is extremely stressful, and can have a very negative effect on your life, if you let it. It’s as bad as an addiction, always h |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:40:27 -0500) |
| So You Missed a Payment… |
| There are three reasons that you might have missed a payment on your credit card: either you can’t afford to pay, the payment didn’t get there in time or you just plain forgot. I sympathise: paying credit card bills is a surprisingly difficult thing to do reliably and consistently. Sooner or later, |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:35:30 -0500) |
| They Don’t Want You to Pay |
| In all your dealings with credit cards, remember this one thing: they don’t want you to pay. The moment you pay back everything you owe, you’re free from their interest, and that’s not what they want. They want you to keep on paying them a little every month for the rest of your life, making them a |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:34:48 -0500) |
| Always Avoid Payment Holidays |
| Once you’ve been paying off a credit card for a while, you might be offered a ‘payment holiday’. You’ll get a letter, saying that since the company knows it’s difficult for some families around Christmas (or whatever other excuse they think up), they’re offering you a month off from paying, as a ‘sp |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:34:16 -0500) |
| Beware the Sudden Rate Hike |
| 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 |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:33:46 -0500) |
| A Credit Card Jargon Buster |
| Credit cards, as part of the financial industry, use a massive array of jargon. You can’t be expected to recognise all these technical terms, and some of them are quite important – so here’s a quick guide, in alphabetical order.
Affinity card. This is a credit card that gives a certain amount to |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:33:15 -0500) |
| Top Five Credit Card Mistakes |
| When you’re dealing with credit cards, you’re playing with fire. Unfortunately, there are plenty of people out there who don’t realise that, and make all sorts of dangerous mistakes with their credit cards every day.
Paying Late.
If you don’t set up any kind of automatic payment, then it can b |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:32:48 -0500) |
| Understanding the Terms and Conditions |
| When you’re looking at a credit card offer, take a look at the small print – it seems like a maze, but it’s vitally important. With the trend nowadays towards easier-to-read ‘summary boxes’, there aren’t as many excuses for ignoring the terms as there used to be. Anyway, credit card lenders are devi |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:32:16 -0500) |
| What You Need to Know about Interest Rates |
| For all people shop around for the best rate, there are few who have taken the time to sit down and add it all up. After all, why would you bother? The answer is that understanding just how interest rates work can help you see how important small differences in rates and payment amounts can be.
I |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:31:47 -0500) |
| How to Get the Best Rates on Your Current Credit Cards |
| So you’ve got a few credit cards, and you’re quite happy with them overall. Still, wouldn’t it be nice to save a little money on interest? It all adds up over time, and more quickly than you’d think. If you’re a good customer, you’d be surprised how easy it is to get a better rate.
Pay on Time, B |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:31:11 -0500) |
| What Should You Do if You Get Turned Down for a Credit Card? |
| So you’ve gone through the long and terrible process of giving your details, only to find that you got turned down. This can feel a little insulting, like a rejection, especially if you feel like you could easily handle the card in question. So what can you do if it happens?
Try, Try Again.
Do |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:30:36 -0500) |
| Finding the Right Credit Card |
| There are so many credit cards out there to choose from that deciding which one to get can feel really daunting. What makes one offer better than the hundreds of others you’ve seen? Take this little quiz to find out what you should look for in a card.
First, Are You a Student?
If you are, the |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:30:01 -0500) |
| How Your Credit Rating Affects You, and How to Check It |
| You might not know it, but every time you take out any kind of loan or credit or pay something back, it gets counted on your credit rating. Who keeps a record on you will vary according to where you live, but the big three credit reference agencies are Experian, Equifax and Trans Union. They will pr |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:29:24 -0500) |
| Credit Card Cheques and Cash Advances |
| Once you’ve got a credit card, you’ll find that you can do more with it than just pay for things with the card. You might be sent a credit card chequebook, for those times when you’re paying someone who can’t accept your card.
You might also be offered cash advances – a way of withdrawing cash d |
| Author: David Zohar |
| Directory: Credit Card Debt |
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| (Published: Sun, 18 Dec 2005 05:28:48 -0500) |
| Why Credit Cards are a Bad Idea |
| Credit cards are just so convenient, aren’t they? There’s no need to carry any money with you ever again: you can just take one with you to the shop and pay the exact amount just by handing it over. If you haven’t been paid yet, then you don’t need to worry, because the money will still be there.
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| Author: David Zohar |
| Directory: Credit Card Debt |
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