Secured Credit Card Management Tips for the New Year

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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”

Practical Suggestions for First-Time Credit Cardholders

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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”

How can I Maintain a Low Rate of Interest on My Unsecured Credit Card Account?

Are you interested to know how you can keep the interest rate on your unsecured credit card low? If you are then, we advise you to carefully observe the following pointers:

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Keep up with your credit card bills. The most important step you can take to prevent your card issuer from raising your interest rate is to simply pay your bills prudently and completely. Make it a point to submit early or on-time payments to your card issuer. That way, you can avoid shelling out huge funds on pesky fines and penalties such as late payment fees and surcharges. At the same time, such habit will help you build and maintain a solid credit profile, which normally determines the features that will be imposed on your card account.

And that’s not all. We also encourage you to settle your bills in full, each month. Always remember that submitting complete payments to the credit card firm will not only help you avoid incurring huge interest charges. More importantly, it can prevent your credit rating from sliding down and your rate of interest from going up. Continue reading “How can I Maintain a Low Rate of Interest on My Unsecured Credit Card Account?”

Which Should I Get – a Secured, an Unsecured, or a Prepaid Credit Card?

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Many consumers nowadays find it difficult to make up their minds and choose a credit card program to take out. After all, there are plenty of options available in the market.

Still, we wish to stress the fact that no line of credit is superior over the others. That’s because each credit card program, be it prepaid, secured or unsecured – is designed to meet the widely-varying needs, preferences and budgets of prospective cardholders.

Now, how can a card applicant, like you, pick a suitable card account? To find out the answer, we suggest you pay close attention to the paragraphs below. Continue reading “Which Should I Get – a Secured, an Unsecured, or a Prepaid Credit Card?”

How to Jump-Start Your Credit History, This Year

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Are you interested to know how you can build a solid credit profile in the current year? If you are then, you’re not alone. That’s because more and more consumers these days are looking for strategies they can use to gradually build their credit history so that soon they can also enjoy excellent financial prospects.

But is it difficult to attain such goal? NOT AT ALL! In fact, there are tried-and-tested tips you can use to jump-start your credit history. To learn more about them, please pay close attention to the remainder of this article.

An Important Financial Step

You can never establish your credit history UNLESS you will apply for and take out a credit program – either a personal loan or a credit card account. This is why you should take the time to look for companies that can extend you a line of credit, despite your lack of credit history. What can help you succeed in this matter? Continue reading “How to Jump-Start Your Credit History, This Year”

3 Things to Avoid when Transacting Deals Online

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Do you love to shop online? Or do you enjoy the comfort and convenience offered by banks which let you manage your savings or checking account through an online portal? If you answered YES to any of these two questions then, you’re among the many consumers who benefit from transacting deals using the internet.

However, have you carefully considered the risks involved in transacting business online? If you haven’t then, you might soon end up as one of the many victims of credit fraud and even of identity theft.

Now, how can online consumers, like you, safeguard their credit and financial information, as well as their identities, when doing business in the domain of the World Wide Web? To succeed in this matter, we advise you to steer clear from the following: Continue reading “3 Things to Avoid when Transacting Deals Online”

Why Apply for a Credit Card Today

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Are you wondering why finance experts constantly encourage consumers, like you, to sign up for a credit card? If you are then, this article will surely provide you the answers you’ve been searching for.

In the remainder of this piece, we have enumerated and discussed the top two reasons why consumers, young and old, are advised to get and manage a line of credit.

To jump-start your credit history. Did you know that your chances of receiving affordable loans and card accounts would greatly depend on your credit history? In fact, without one, you will surely find it difficult to convince lenders to grant you the funds or credit card programs you will wish to use for covering your day-to-day expenses.

This is the reason why we advise our readers to jump-start their credit history, as soon as they can. And to do this, they can simply sign up for bank secured credit cards. After all, issuers of these card programs do not run credit checks on their prospective cardholders. So long as you can submit a security deposit to your chosen firm, plus the necessary forms and personal documents, you can soon be granted a card account you can use for building your credit profile.

Continue reading “Why Apply for a Credit Card Today”

Credit Card Debt Management Tips for College Students

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Are you a college student looking for pointers on how you can get rid of your huge credit card debt? If your answer to this question is YES then, we advise you to keep the following tips in mind:

Seek assistance. If you do not have experience or knowledge on how to resolve your credit problems then, it would be best to seek assistance from professionals. You can try approaching credit counseling firms, nearby and sign up for a session with a certified finance expert. That way, you can receive practical suggestions on how you can gradually pay off your existing financial obligations and how you can avoid falling into new debt traps.

Just make sure that you can afford to pay the fees imposed on these programs. Otherwise, you might eventually find yourself knee-deep in debt. Continue reading “Credit Card Debt Management Tips for College Students”

Great Tips to Boost Your Financial Prospects

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Are you interested to know how you can improve your chances of qualifying for affordable credit card programs and loans? If you are then, we suggest that you keep the following pointers in mind:

It pays to have an error-free annual credit report. Have you seen your annual credit report lately? If you haven’t then, we suggest that you order copies of this document from the three major credit bureaus – Equifax, Experian and TransUnion. That way, you will have the opportunity to review the items found in your credit file. At the same time, you can have the chance to validate all of your credit and payment transactions. Always remember that a single error in your credit records can inflict severe damage to your credit history and ruin your chances of qualifying for affordable credit deals, later on. But which entries should you watch out for?

As much as possible, you should try to catch outdated credit accounts, incorrect payment records, fraudulent or unauthorized credit card charges as well as court judgments (i.e, bankruptcy records, tax liens, etc) that are past the statutes of limitations in your state. You should also look for misspelled names, incorrect or missing digits in your social security number, and outdated contact information. After doing so, make a list of all the inaccuracies you encountered in the documents you received. Then, write and send a letter of credit dispute to the firm that released the erroneous credit file. Continue reading “Great Tips to Boost Your Financial Prospects”

Secured Credit Cards: Can They Really Work to My Advantage?

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A lot of individuals today are still not convinced of the benefits they can get from secured credit cards. So today, we have decided to tackle how such card programs can work to the advantage of consumers, in general.

They can help you gain control over your spending habits. Do you have impulse buying and uncontrolled spending problems? If you do then, a secured line of credit can be a perfect tool for you to keep your credit card spending in check. After all, these card programs tend to come with low spending limits. In fact, consumers, like you, will surely think twice before charging a purchase or a bill on their credit card accounts. This is because once they go overboard they will surely get penalized with overdraft charges as well as with declined transaction fees.

No wonder many cardholders these days have decided to ditch their old card accounts and have switched to these beneficial lines of credit. Continue reading “Secured Credit Cards: Can They Really Work to My Advantage?”