Below are several pointers you should keep in mind, especially when charging your Valentine’s Day purchases and expenses on your prepaid, secured or unsecured credit card:
Check the available balance on your card account, before using it cover the bills and costs you will incur on V-Day. This is very important for you not to get in an embarrassing situation of having your credit card transactions turned down by the cashiers of your favorite shops or stores.
Moreover, this tip will help you avoid making substantial payments on pesky fees and fines, such as declined transaction penalties and overdraft charges. And, most importantly, such habit will help you maintain your excellent credit history – an important factor that will surely influence your chances of qualifying for affordable credit deals, after Valentine’s Day. Continue reading “Smart Credit Card Tips to Keep in Mind on V-Day”
If you’re a housewife and you wish to know how you can responsibly use your secured or unsecured credit cards then, we encourage you to remember and employ the following credit card management tips:
Keep up with your credit card bills. Did you know that the best strategy to effectively use your existing line of credit is to simply pay your monthly dues completely and prudently? That’s because settling your bills in full and on-time, each month, will not just help you build and maintain a solid credit profile. It can also help you avoid incurring pesky fees and charges that might eventually eat up a significant percentage of your household budget. Continue reading “4 Credit Card Management Tips for Housewives”
If you’re planning to apply for a secured or for an unsecured credit card and you’re interested to know how you can get the line of credit you want then we suggest you keep the following pointers in mind:
Research on how each program works. It is not enough that you know that secured credit cards come with security deposit requirements. Or that unsecured lines of credit have high spending limits, yet extremely high rates of interest and fees. You also need to know how each of these programs work to check if they will match your needs, spending habits, and of course your budget. Continue reading “5 Must-Remember Tips for Prospective Credit Cardholders”
You make huge payments on pesky fees and charges, like late payment penalties, overdraft fees, fines for declined transactions, and other finance surcharges. After all, cardholders only incur these charges if they don’t handle their existing lines of credit responsibly.
For instance, you will only incur late payment penalties and surcharges if you often skip or miss out on your credit card bills. Moreover, your interest payments will balloon out only if you’ll submit just the minimum amount due to your card issuer, on a monthly basis. Continue reading “3 Signs of Improper Credit Card Use”
Today, let’s consider the answers to six of the most frequently asked questions about secured credit cards. We believe that by knowing the answers to such queries, we can empower our readers to make the right decisions, not only in terms of picking suitable lines of credit, but also in terms of managing their existing credit card accounts.
Question 1: Why are they called “secured’?
Answer: The modifier secured is used to describe the most striking feature of these card accounts – that is, the existence of collateral, which comes in the form of a security deposit. The collateral in secured cards serves as a guarantee for the repayment of the bills and expenses that will be charged by cardholders on their respective accounts. Should they decide to deliberately default on their monthly bills, card issuers can simply use the deposit provided to settle the unpaid credit balance. Continue reading “Answers to 6 Frequently-Asked-Questions about Secured Credit Cards”
Is developing a personal or a household budget one of your financial resolutions for 2013? If it is then, you will surely benefit from the pointers tackled in this article. That’s because, in the paragraphs below, we have enumerated and discussed several budgeting suggestions you can use to gain control over your personal and household finances.
Purchase or download budgeting software. A lot of websites today offer helpful tools you can use for drawing up your personal or household budget. You simply need to use a reliable search engine; employ appropriate keywords like “budgeting software”, “personal finance kits”, “budget plans”, etc; hit the enter key; and soon you will several links to online firms that can give you the software you need for a minimum fee, or in some cases, free of charge. Continue reading “3 Budgeting Tips for the New Year”
Are you a secured credit cardholder? And is responsible management of your current line of credit one of your main goals for the year? If your answers to these two questions are YES and YES then, we advise you to keep the following secured credit card tips in mind:
Never pay your bills late. Did you know that missing out on your monthly payments can be disastrous not only to your credit history but also to your personal finances? That’s because paying your bills late will not just inflict damage to your credit profile. It can also cost you a great deal of cash, in the form of late payment penalties and other surcharges.
Hence, if you wish to keep your credit payments minimal and to maintain a high credit rating then, you should resolve to keep up with your secured credit card bills. If you find it difficult to remember your due dates; we advise you to set up personal alerts and reminders in your mobile phone and even in your portable devices. Better yet, sign up for automatic payment arrangements with your bank so that you won’t have to worry about missing out or skipping on your bills, anymore. Continue reading “Secured Credit Card Management Tips for the New Year”
Are you struggling with a huge credit card debt or with a long overdue student loan repayment? If you are then, debt consolidation can be the best option you can take to attain debt relief, fast. But how does it work? What is involved in signing up for this debt-busting method? And what pointers can you employ to ensure that such program would work to your advantage? To find out the answers to these questions, we advise you to pay close attention to the paragraphs below.
Are you interested to know how you can cause gradual improvements to your credit history to improve your chances of receiving excellent credit deals in the coming months? If you are then, we advise you to carefully observe the following pointers:
Clean up your credit report, as soon as possible. Contact the three credit bureaus and order the latest copies of your annual credit report. This way, you can have the chance to determine what your current credit rating is. At the same time, you will have the opportunity to review the entries found in your credit report.
We’re already in the third week of January 2013. Are you through working on your financial plans for the year?
If you’re yet to draw up a clear financial plan, for the current year then, allow us to discuss with you some steps you can take in the first two to three months of 2013. We believe that by employing these simple suggestions, you can eventually become more responsible, in terms of managing your day-to-day finances.
Establish a contingency fund. Did you find it difficult to finance medical emergencies and urgent personal expenses last year? If you did then, it’s about time to establish, not just a personal savingsaccount, but also a contingency fund. Open an account in a bank nearby and strive to deposit a certain amount of cash on it, either on a weekly or on a monthly basis. By doing so, you will eventually have funds you can tap on in case of emergencies, and even during calamities and natural disasters.
Pay close attention to how you manage your existing lines of credit. Keep in mind that the manner by which you handle your credit cards and loans can have a huge impact on your chances of qualifying for lines of credit, in the coming months. Continue reading “4 Financial Steps to Take, This Year”