Smart Credit Card Tips to Keep in Mind on V-Day

Man with a Credit Card and a Valentine's Gift Box in His Thought Bubbles
Man with a Credit Card and a Valentine’s Gift Box in His Thought Bubbles

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”

3 Signs of Improper Credit Card Use

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The Top 3 Signs of Improper Credit Card Use Are:

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”

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

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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”

3 Budgeting Tips for the New Year

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.

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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”

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”

Debt Consolidation Strategies for Credit Consumers

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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:

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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?

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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

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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”

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.

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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”