Secured Credit Card Management Tips for the New Year

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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”

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:

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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Remember that a single error, such as an outdated credit account, an incorrect payment record and even a fraudulent credit card charge, is enough to inflict severe damage to your credit history and ruin your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”

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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Image from www.freedigitalphotos.net.

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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Image from www.freedigitalphotos.net.

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?”

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”

Unsecured Credit Card Tips for College Students

Have you just received an unsecured credit card? If you have then, we advise you to keep the following tips in mind, guaranteed to help young consumers, like you, manage their existing credit card accounts in the best way possible:

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Never max out your line of credit. Always remember that spending beyond your credit limit will not only cost you a great deal of cash, in the form of overdraft charges and declined transaction fees. This poor credit habit can also cause your debt-to-limit ratio to rise and your credit score to slide down.

This means that if you’re keen on maintaining an excellent credit reputation then, you might as well keep your credit card transactions in check so you’ll never go overboard. And determine the available balance on your credit card before using it to cover your expenses. That way, you will know when to charge your purchases or bills on it and when to pay for them in cash. Continue reading “Unsecured Credit Card Tips for College Students”

How can I Keep My Credit Payments Minimal?

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Many credit cardholders today are interested to know how they can minimize the bills they pay each month. If you belong to this group of consumers then, you have surely found an excellent article!

In the remainder of this piece, we have tackled several tips that will absolutely help you achieve your goal of keeping your credit payments minimal.

Pay your bills early or on-time. Did you know that credit cardholders who pay their bills late usually incur late payment penalties and surcharges? In fact, these pesky fees can cause their credit obligations to balloon out and soon get way out of hand. Continue reading “How can I Keep My Credit Payments Minimal?”

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?”

Answers to Frequently Asked Questions about Unsecured Credit Cards

If you’re planning to apply for and manage unsecured credit cards then, we suggest that you pay close attention to the paragraphs below. After all, in the remainder of this piece, we have provided the answers to four of the most common questions credit card applicants ask about these beneficial programs.

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Question: What does the terms ‘unsecured’ imply?

Answer: The modifier unsecured denotes that these lines of credit do not have collateral requirements or guarantees for repayment. Prospective cardholders need not make a security deposit to their chosen card issuers. So long as they possess excellent credit scores and are financially-stable then, they can look forward to receiving the credit cards they wish to use for financing their day-to-day expenses.

Question: How do unsecured credit cards differ from secured credit cards? Continue reading “Answers to Frequently Asked Questions about Unsecured Credit Cards”