4 Credit Card Management Tips for Housewives

Housewife with a Credit Card in Her Thought Bubble
Housewife with a Credit Card in Her Thought Bubble

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”

5 Must-Remember Tips for Prospective Credit Cardholders

Be Very Careful when Scouting for Secured and Unsecured Credit Cards
Be Very Careful when Scouting for Secured and Unsecured Credit Cards

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”

Answers to 6 Frequently-Asked-Questions about Secured Credit Cards

Image from www.freedigitalphotos.net.
Image from www.freedigitalphotos.net.

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”

Secured Credit Card Management Tips for the New Year

Image from www.freedigitalphotos.net.
Image from www.freedigitalphotos.net.

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”

Debt Consolidation Strategies for Credit Consumers

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Image from www.freedigitalphotos.net.

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.

For Credit Cardholders:

We advise you to get a zero- or low-interest balance transfer credit card where you can consolidate or put together all your existing debts from various card accounts. Continue reading “Debt Consolidation Strategies for Credit Consumers”

What Should I Do to Receive a Better Credit Score, This Year?

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:

Image from www.freedigitalphotos.net.
Image from www.freedigitalphotos.net.

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.

Remember that a single error, such as an outdated credit account, an incorrect payment record and even a fraudulent credit card charge, is enough to inflict severe damage to your credit history and ruin your chances of qualifying for affordable lines of credit, later on. Continue reading “What Should I Do to Receive a Better Credit Score, This Year?”

4 Financial Steps to Take, This Year

We’re already in the third week of January 2013. Are you through working on your financial plans for the year?

Image from www.freedigitalphotos.net.
Image from www.freedigitalphotos.net.

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 savings account, 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”

Practical Suggestions for First-Time Credit Cardholders

Image from www.freedigitalphotos.net.
Image from www.freedigitalphotos.net.

Managing your very first line of credit may not be that easy especially if you find it difficult to control your spending habits. Good thing that in this piece we have enumerated and discussed guidelines that will help you manage your prepaid, unsecured or secured credit card in the best way possible.

Make it a habit to check the available balance on your credit card before using it to cover your bills, purchases and expenses. This is very important for you to keep your credit utilization, otherwise known as your debt-to-limit-ratio, low. After all, with a low debt-to-limit ratio you can expect to build and maintain an excellent credit reputation, which will in turn help improve your chances of qualifying for affordable credit deals, later on.

Furthermore, this tip will surely prevent you from making extra payments on overdraft charges and declined transaction fees, which could eat a huge portion of your personal budget. Continue reading “Practical Suggestions for First-Time Credit Cardholders”

Things to Remember when Charging Purchases on Your Credit Cards

Uncontrolled spending is one of the reasons why a lot of Americans today struggle with huge financial obligations. They don’t pay close attention to the transactions they charge on their respective accounts. In time, such decision backfires on them in the form of huge debts they often find very hard to pay back.

Image from www.freedigitalphotos.net.
Image from www.freedigitalphotos.net.

This is the reason why we have decided to enumerate and tackle below several pointers consumers, like you, should keep in mind when using their prepaid, secured or unsecured credit cards to cover their purchases and bills.

Determine if you can really afford to settle your credit card charges, in full. This might entail a close examination of your personal or household budget to check if you have sufficient disposable income you can use to cover your subsequent bills. If you discover that you’re actually living paycheck to paycheck then, it might be wise to temporarily stop charging your expenses on your account until you can completely pay off your debt. On the other hand, if you think that you have more than enough cash to settle your charges in full then, we give you the go-signal to use your lines of credit in your favorite shops and stores. Continue reading “Things to Remember when Charging Purchases on Your Credit Cards”

A Closer Look at Unsecured Credit Cards

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Image from www.freedigitalphotos.net.

Are you looking for information that can help you gain a deeper understanding and appreciation for unsecured credit cards? If your answer to this is YES then, this article is made just for you.

In the paragraphs below, we have listed and discussed things consumers like you should know about these card programs which can eventually help you should you decide to apply for one, in the next few months.

Fact 1: Unsecured credit cards are not made one and the same. They carry widely-varying rates of interest, fees and charges, payment terms and options, credit limits, and eligibility requirements.

Hence, if you wish to receive a line of credit that matches your needs and preferences, it is very important that you take the time to compare the features imposed on various programs. In so doing, you can soon find one that matches your needs, preferences and expectations. Continue reading “A Closer Look at Unsecured Credit Cards”