Credit Cards Online Information

Monetary concerns are often the problem of many college students especially if they are studying in an educational institution which is far from their home. A student credit card can be the answer to this dilemma.

It is not however very easy to own and be held responsible having a student credit card. Every implication should be discussed thoroughly with the parents making sure that they will responsibly handle their credit cards. It is advisable to also help them in finding the right student cards.

Usually, college students don't have the experience on how to handle financial matters correctly. Student credit cards having lower limits enable the students in spending their money wisely. Take note that it is not recommended to choose student credit cards having higher limits because it could bring possible temptation on buying unnecessary things such as jewelry or expensive branded clothes and accessories. Sometimes young people have the tendency in combining their priorities reducing their attentions on essential items.

Lower interest's rates student credit cards are useful for college students having no definite income to lessen the burden of their parents in paying interest rates. Credit cards offering 0% APR during the first six months upon use is an advantage. It will give the students allowable time to buy important school materials without worrying about the interest's rates payment. If the interest rate is quite expensive then it is much better to look for other credit card deals.

There are several reward programs provided by different student credit card companies that can be enjoyed by most college students. Choose the credit card offering numerous reward programs so that your advantage is maximized. Point reward system is good because accumulated points upon every purchase using your student credit cards can be redeemed as gift certificates.

Some college students are not careful when handling their student credit cards which later on results to stolen or misplaced cards. To protect sloppy students from this problem, it is better if you also purchase lost card policies along with the student credit card. Make sure that you carefully review the policy regarding theft or loss before you apply for a student credit card.

Most students are doing their banking transaction over the Internet, so it is more convenient to choose student credit cards having management accounts online. This will also help them in tracking their expenses and concentrate more on other important phases of their life as students.

Always compare one student credit card from the others to find the best. You could easily sign up for it on a campus credit card booth but somehow it is not a very good decision. Find time to study the application forms, bring it home as an assignment and list possible advantages and disadvantages before deciding to apply.

Be careful upon reading the fine prints. If there are things that you don't understand or confuses you a lot, then read again. Ask questions from the persons in authority so that everything could be explained to you without any biased opinions. This will prevent you from facing unpleasant surprises regarding polices of your student credit card. Better check for several information sources. Consider Federal Reserves which publishes credit card surveys with six months terms or visit different reputable websites for direct comparisons of prices and offers.

# posted by Medical Information : 1:32 AM  0 Comments

You may have already learned about credit cards through your parents during your younger years and have seen the different uses for cards. Credits cards are really helpful in assisting with the daily needs and other expenses like education. In fact, parents may have familiarized you about using a credit card by applying for a student credit card when you were in college to facilitate your expenses during your school years, but now that you have graduated you now have the choice to apply for a credit card on your own that is suited for you.

Credit cards are wonderful but can often be strenuous and stressing for many others when using credit cards to make particular purchases or payments. Deciding the for the right credit card is difficult because many companies offer credit cards that are very tempting with overwhelming options the card companies renders, including variating reward promos that surely will catch your attention. All credit cards are personalized with your own name but try settling for a credit card that will fit your interest and lifestyle like the Chase credit card.

Before applying for a Chase credit card always consider researching different types of credit cards in order to understand how credit cards work, and because many credit cards have options and savings offered makes it more difficult in choosing the credit cards for you.

A Chase credit card however offers a lot of benefits that are most helpful with questions of issuers opt when applying for the card. The tricky part will depend upon your decision in either applying for a Mastercard or Visa while other Chase credit cards can also be used for making gas charges and even travel. Chase credit cards are the most trusted and widely used credit cards in the country because it was designed especially for financial institutes and specific retailers that offer fringe benefits. These benefits are extremely tempting, especially with cards offering reward points like free tickets for theater shows and by using the point system that can be exchanged for electronic equipments, books and even on specific vacations like theme parks for points accumulated through purchases done.

There are numerous websites available for you to explore and learn more about Chase credit cards and allow you to go through numerous lists to help you understand the different uses and options offered in Chase credit cards.

Brand names, charities and clubs are also available on websites for further understanding of the Chase credit cards associated to companies, whereas allow the use of Chase credit cards to make business more profitable. There are different kinds of Chase credit cards for every person that is available to all customers. As many people know, customers are unique therefore Chase credit cards are fit for unique people making their lifestyle and daily needs accessibly divine. Likewise, Chase credit cards have the best rewards program. Other options are the gas cards and travel cards that Chase credit cards offer.

# posted by Medical Information : 1:32 AM  0 Comments

Are you tired of paying for your credit card bills with large interest rates? Or perhaps, you want a way to pay off your credit card debt without spending so much on interest fees? If you are, then a credit card balance transfer is for you.

The first thing you need to do is look for another credit card that can make it easier for you to pay for all your credit card debt. You have to realize that some credit cards are better than others. Here are the things you should look for when you are considering to apply for a new credit card:

- Low introductory rate - First of all, if your current credit card requires you to pay a high interest rate, you have to consider applying for a credit card with a low interest rate. There are a lot of balance transfer credit cards available that offer low interest rates and even zero interest rate for a limited time period of 12 months. With this, you can save yourself hundreds or even thousands of dollars paying off your current credit card debt. This is because, with a zero interest rate, every cent you pay for your debt will be deducted from the actual debt and not on the interest rate.

- Transfer fees - Some balance transfer credit cards can charge you a small fee to make the transfer. However, there are available credit cards that offer free balance transfer. Look for a credit card that offers low balance transfer fees or look for one that doesn't even have balance transfer fees.

- Rewards - Of course, if it is possible, you would want a credit card that also offers rewards, such as hotel stays, free cruise offers, car rental offers, points to earn to get gifts and more. Whenever you use your credit card, you will earn points, as you let the points accumulate, you can exchange it for gifts or rewards.

These are the things you should look for in a balance transfer credit card. However, before you start applying for a balance transfer credit card, you should always remember to read the small print. Sometimes, you will discover hidden fees printed and you should be aware that some banks do this to attract customers. Most people tend to neglect what is printed in the small print.

If you don't, you might end up discovering that you have to pay some extra-unexplained fees. Balance transfer credit cards are a great way to pay off your credit card debts.

However, when you apply for a balance transfer credit card, make sure that you pay off all your credit card debt in the given time period of the introductory period to avoid getting high interest rates again.

Another thing that you should remember is that you should ask if how much the interest rate will be after the low interest or zero interest rate introductory period expires. This will allow you to determine if this credit card is worth continuing or if it is time to look for another credit card that offers lower interest rate.

# posted by Medical Information : 1:31 AM  0 Comments

Aside from online banking, e-commerce and e-business, what else is new in the world of finance and business? From the traditional credit cards to the automated teller machines, surely, it's not impossible to bring things to a higher level with online credit card applications.

This is convenience we're talking about and this is what technology primarily offers. In one swoop, you can select from a variety of credit card companies, choose the best features, compare prices, charges and benefits and apply for that one card that best suits your needs.

Why Apply Online

Through online applications, you get a lot of offers which are not normally available through the traditional way of credit card applications by mail. By simply typing 'credit card offers', you can find choices you won't normally get through mail applications. And if you have credit problems, you can always add the 'bad' keyword to your search criteria, or 'good' if you have a good credit standing.

How To Apply Online

The first thing to do is to search for a credit card offer you wish to apply for at www.CreditCards.com. Check out the sites available and read the terms and conditions, the features and the services available to you. Remember to read and research and compare. After that, you just click on the "Apply Here" button and fill out the SSL application. You might be asked to provide basic information like your driver's license number, social security number, birth date and address. Don't worry about security. Credit card applications linked to CreditCards.com uses the Secure SSL technology.

Approval of your application may vary depending on the credit card company. It can be an instant approval while others may run for several weeks or more. The rule of thumb is, the better your credit rating is, the faster the response time of your credit card application will be. You will be notified through mail or email.

Take note also to ask for a credit report when you apply for a credit card online. Many of these credit card reports are free. It helps to know where you stand. A credit report will notify you of any illegal or unknown activity like credit fraud.

Credit card application is just a click away because of the Internet. In one sitting, you've already explored credit card companies, browsed through their features and services, compared the best credit companies and sent your application. If you're lucky, you might even get have an instant credit card approval in the same hour you sent your application. It's all about opportunities.

But always remember that it's a numbers game. A lot of numbers should be considered. This will include the APR of the credit card, your credit rating, your annual fees, interest rates and many more others. Going through the application form and agreement with a fine-toothed comb would be a great idea. If you have problems understanding some of the conditions, have a professional take a look at it.

# posted by Medical Information : 1:31 AM  0 Comments

So you've had some debt problems - maybe due to something outside your control such as a divorce. Now you're getting your life back on track, but there's a problem. Because of your bad credit record, no-one wants to lend you money any more.

Well, don't despair! With prepaid credit cards, no credit checks will be made against your name when you apply. As long as your age, residence and social security number check out, approval is normally guaranteed.

Here's how prepaid credit cards work. You apply just like any other credit card, but with prepaid credit cards you also deposit a sum of money in a linked bank account. Initially at least, the amount of money in this account then becomes your credit line.

Obviously this means that, to start with anyway, you can't use a prepaid credit card to borrow money. However, the best cards report to the three main credit reference agencies (Experian, Equifax and TransUnion) every month. As long as you use your card responsibly, your actions will help to repair your credit record, or indeed to establish one for yourself if you haven't had credit before.

Within a few months, if you have shown that you can use your card responsibly, you are likely to be offered a bigger credit line by your card issuer. With your ever-improving credit history, you may also be able to apply successfully for a standard credit card or other forms of credit, such as a bank loan.

Your prepaid card can be used just like any other credit card to buy things, whether on-line, over the phone or in person. There is nothing on the card to reveal that it is prepaid. The only people who will know this are you and your card issuer. So if you need to buy things using a credit card and can't otherwise get one, a prepaid credit card could be the ideal solution for you. And all the while you will be rebuilding your credit history as well!

One drawback with prepaid credit cards is that, unlike ordinary credit cards, you may be asked to pay a processing fee when you apply. This is in addition to the money you will have to deposit with the issuer as security. If you regard this as a stepping stone to establishing a good credit record, however, this one-off fee is literally a small price to pay.

Prepaid credit cards are available from a growing number of issuers. One example is the New Millennium Bank, which offers a prepaid Platinum Visa® or Mastercard®. As well as the benefits mentioned above, the NMB card offers $100,000 travel accident insurance, extended warranty protection, and a special high introductory savings rate on your deposit.

# posted by Medical Information : 1:30 AM  0 Comments

What Credit Repair Organizations Can’t Do

They cannot make false claims about what they offer. This constitutes false advertising and is severely sanctioned. Moreover, in certain situations companies could be prosecuted and charged for fraud. Those companies who claim to provide you with a new identity or other illegal actions definitely fall into this category. You need to be extremely careful as participating in illegal activities like document’s falsifications, lying to lenders or government agencies and making up a new identity constitute crimes that imply severe legal consequences.

If Credit repairing is the only service they offer, according to the law they are not entitled to charge you until their services have been provided. Requesting money in advance is strictly prohibited unless they provide other services like credit counseling, debt negotiation, consolidation, legal advice, or any other service not related with credit repair. If a credit repair company wants to charge a fee in advance you should doubt of its legitimacy and make sure there are other services provided before working with them.

Also, until you sign a written contract with them, they are not authorized to perform any action towards repairing your credit, not even pulling your credit report. Moreover, after you sign, you still have a three day period to cancel the contract without consequences. That is, you have a legal right to take back your authorization within a three days period without legal or economic consequences. It’s just like if you had never signed the contract.

The Credit Repair Contract

The contract must acquire a written form, spoken contracts are forbidden if the aim of the contract is to provide credit repair services in exchange for an amount of money. The contract has to include a specification of all the charges you’ll have to pay leaving absolutely no cost out of this statement. No money can be requested from you other than what is specifically included in these figures.

It also has to include a complete description of all the actions about to be taken by the credit repair company in order to help you improve your credit. You need to analyze this description thoroughly as some actions may affect your credit in a negative way at the beginning and you may not be able to request finance for some time till they finish their job.

# posted by Medical Information : 1:14 AM

Bad Credit Home Loans

As regards to mortgage borrowing, some companies may lend up to 25% more than the value of the property, this would allow the applicant to get a new start by paying off existing debts with the remaining of the loan amount. Persuading financial organizations to lend money, especially large amounts, is easier for some borrowers than others. Those who find borrowing particularly difficult are people with a bad credit history. People with bad credit include those who have experienced county court judgments, decrees and past credit history problems.

Bad Credit Loans

Have you recently been declined for a mortgage, credit card, or loan due to poor credit? Are you unemployed or self-employed? Are you just new to the world of credit? Personal Loans for people with bad credit are one of the most requested loan types. Although you might think home loans or auto loans would be more required, truth is that personal loans, especially personal loans for people with bad credit are top on the list. Because of this, there are many ways to lose money if you are looking for that type of loan, personal loan with bad credit. If your credit is good, you are less likely to get taken in by unscrupulous lenders and being scammed.

Finding personal loans for people with bad credit after suffering a problematic credit history can be a big challenge as it is a challenge to maintain a perfect credit rating with all of life's obstacles. Personal Loans for people with bad credit have helped thousands of individuals and families with credit problems obtain the financing they need to achieve their goals. Regardless if other lenders have turned you down in the past, they will help you find the right loan fit your situation and needs. You can apply online and find out how much money you can qualify for.

# posted by Medical Information : 1:13 AM

People with bad credit may think that there are no decent bad credit credit cards. In fact, bad credit credit cards exist, but they are not always advertised as such. An individual just needs to recognize how certain cards work and how their bad credit might prevent them from getting these credit cards.

A prepaid credit card is one of the best bad credit credit cards. It works like a credit card, but a prepaid credit card requires a savings account be opened that acts as the account balance. It works very much like a bank issued debit card with a credit card logo. And a person cannot overspend and they are not subject to fees or interest charges with prepaid credit cards.

A retail store card could also be considered as a type of bad credit credit cards. It’s easy to get these cards and are useful for those are looking to establish their credit history. However, these cards can only be used at the specific retail store that issued them, and they usually carry a low credit line balance. Companies who offer these cards are more willing to give a person with bad credit a chance than larger credit card companies.

A person with bad credit can also benefit from a gasoline card. These cards work only at gas stations, much like a retail credit card. These cards are also easy to get and report to the major credit bureaus. This means that they build a person’s credit so they can qualify for a credit card from one of the major credit card companies.

A person can also find someone who will cosign in order to get bad credit credit cards. Just like with a loan, a co-signer should have good credit. The credit card company considers them as security. If the person does not pay on their account the cosigner agrees to pay the balance due. This may be difficult for a person with bad credit, but once they prove themselves to be trustworthy they should be able to get the cosigner off their account.

# posted by Medical Information : 1:13 AM

If you have bad credit, you may probably think that there are no decent bad credit credit cards. As a matter of fact, bad credit credit cards do exist, but they are not always advertised as such. You just need to recognize how certain cards work and how your bad credit might affect your chances of getting these credit cards.

A prepaid credit card is one of the best bad credit credit cards that you can take advantage of. It works just like a credit card, but a prepaid credit card requires that you open a savings account that acts as the account balance. It works very much like a bank issued debit card with a credit card logo. You cannot overspend, and you will not be subject to fees or interest charges with prepaid credit cards.

You can also benefit from a gasoline card. These cards work only when you purchase fuel and other merchandise at gas stations, much like a retail credit card. These cards are also easy to get and report to the major credit bureaus. This means that these cards can build your credit so you may be able to qualify for a credit card from one of the major credit card companies.

A retail store card could also be considered as a type of bad credit credit cards. It’s easy to get these cards and are useful if you want to establish credit history. However, these cards usually carry a low credit line balance, and you can only use them at the specific retail store that issued them. Companies who offer these cards are more willing to give a you a chance than larger credit card companies.

You should find someone who will cosign to help you get bad credit credit cards. Just like with a loan, a co-signer should have good credit. The credit card company considers them as security. If you cannot pay on your account the cosigner agrees to pay the balance due. This may be difficult for a person with bad credit, but once you prove yourself to be trustworthy; you should be able to get the cosigner off your account.

# posted by Medical Information : 1:12 AM

For a person struggling with their credit, it may seem like there are no decent bad credit credit cards. There are bad credit credit cards, but they are not always advertised as such. Many times a person just needs to recognize how certain cards work and why having bad credit might not effect their ability to get them.

One of the best bad credit credit cards is a prepaid credit card. A prepaid credit card works like a credit card, but requires a savings account be opened that acts as the account balance. In reality a prepaid credit card works much like a bank issued debit card with a credit card logo.

A person cannot overspend and they are not subject to fees or interest charges. Other types of cards that could be considered a bad credit credit card is a retail store card. These cards are fairly easy to get and are usually recommended for those looking to establish their credit history.

These cards can only be used at the specific retail store that issued them. They usually carry a low credit line balance. These companies are just more willing to give a person a chance then larger credit card companies. Another type of card that is good for a person with bad credit is a gasoline card. These cards work only at gas stations, much like a retail credit card. These cards are fairly easy to get and report to the major credit bureaus which means they build a persons credit so they can qualify for a credit card from one of the major credit card companies.

Another option for someone to get a bad credit credit card is to find someone who will cosign. Just like with a loan, a co-signer needs to have good credit. They basically are security for the credit card company. If the person does not pay on their account the cosigner agrees to pay the balance due. For a person with bad credit this may be difficult, but once they prove themselves to be trustworthy they should be able to get the cosigner off their account.

# posted by Medical Information : 1:11 AM

Prior to the Fair Credit Reporting Act most bill collectors would change the date on the accounts regarding the last payment made. Thus, when the account was turned over for collection, the consumer was not aware of the change made in the dates. This meant that the consumer was deprived of knowing "when the account would be taken off his/her credit report". This is known as the seven years in which adverse information can be reported on your credit report. The Federal Trade Commission has identified the initial delinquency date as the date "in which you first became delinquent and never got caught up". THAT IS LAW. Virtually all the violations of the Fair Credit Reporting Act and the Fair Debt Practices Act will fall under this.

Do not be overpowered by misinformed individuals. This is where Section 623(A)(5) of the Fair Credit Reporting Act becomes important in that it clearly defines your rights as a consumer regarding the reporting of accurate information and the dates in which an account was originally opened and when it was first late.

Next article I'll finish going over initial delinquency and cover just how some information that reported about you simply is not true.

# posted by Medical Information : 2:58 AM

Pale, white, greenish living things would be roaming the earth if the sun didn't exist. I think we would all be less happy persons. Imagine a world in which everyone is pale white and looks the same. Brrrr - I can't even think about it! Well, thank God the sun exists and even better, a tanning bed.

Why?

Many people don't have the sun available for them any time; for example during winter, or rainy days. So if you're one of those people that just can't live on looking dead white, a tanning bed always comes in handy.

But what if you can't afford one? Those things can come in pretty expensive... from $1500 to $6000 depending on the quality of the bed. I don't think much people have that amount of money sitting down waiting to be used... Alas! The tanning industry is always getting bigger and bigger while more and more teenagers want to be scorching red when they leave their house.

The Market Boom

Never before has the world seen so much fever about wanting to get a tan, especially among teenage girls. They want to really impress the boys with their looks so they'll do almost anything to achieve it.

You can be the one that delivers them the quality of service they want... but only if you had a couple of tanning beds... Its tough isn't it? Especially if your credit isn't going as good as it should – bad credit. That could surely ruin any chance you might have into starting your own business, right?... Well actually no, because there are many ways to still get those beds with your credit score the way it is.

Think the words... "Refinance your credit"

It's not as tough as you might think. Hundreds of thousands of people do it all the time. But how, you ask? By following the right guides and steps to take of course. You can also consider getting al can and claim you will start a business... but I wouldn't recommend that as much as refinancing your credit first because it could seriously backfire on you.

# posted by Medical Information : 2:57 AM

Less than 6% of the population in the United States can brag about having FICO credit scores above 800. It's an elite club.

The benefit of having a score above 800 is that you're guaranteed credit approval with the best terms from the best lenders. No hassles. Only the red carpet treatment.

But do you really need to have FICO credit scores that are 800 or higher to accomplish your goals? I don't think so. Any score over 740 is worthy of celebration.

You may have scores in the high 500's or low 600's, and you may think "740, yeah right!" But if you follow the steps I'm about to outline, you will see your scores approach 740 and you will become much more attractive to lenders.

So how do you go about building your FICO scores to 740?

I can't tell you specifically, because I don't know what your negative reason codes are. You see, the secret to increasing your FICO credit scores is for you to understand your negative reason codes.

Negative reason codes are a boring topic to people with good credit.

But to people that had credit challenges in the past, it can mean the difference between continuing to be denied credit or hearing those wonderful words, "You're approved."

Your negative reason codes are the keys to unlock credit doors that up until now have been slammed in your face. The great thing about negative reason codes is there is no guesswork involved. Your negative reason codes will tell you everything you need to do to accomplish your goals of buying that new car you always wanted or getting approved for that mortgage with a single digit interest rate and no money down.

By understanding and acting on your negative reason codes lenders will no longer treat you like a second-class citizen. No more "special finance" departments. No more high-interest finance companies. You can look for an apartment or begin house shopping with confidence.

Powerful stuff. And it's easier than you think.

First of all, negative reason codes are two digit numbers that accompany each of your credit scores.

When you purchase your FICO scores you should automatically receive four negative reason codes for each score (from each credit reporting agency), giving you a total of twelve codes.

...as long as you purchase your scores and codes through the right source.

The best place to purchase your scores and twelve negative reason codes is NOT myfico.com. You don't receive all twelve negative reason codes from myfico.com.

Technically, you receive four negative reason codes and eight "positive" reason codes. Unfortunately the positive reason codes are absolutely no help to someone with low credit scores.

I was so frustrated that Fair Isaac didn't give all twelve negative reason codes that I begged Fair Isaac to make the real negative reason codes available to the public. So after several months of me prodding them, they finally gave in and created www.myfico.com/12 for us. Through this site you get everything lenders see! Cool.

Mortgage lenders are another good source to get your scores and negative reason codes when you apply for a mortgage. Just be sure your mortgage company follows the new FACT Act and shares your scores and codes with you. It's mandatory now.

Alright. So now you know what negative reason codes are and how to get them.

How do you know what these codes mean?

The definition of each code is explained with your credit scores.

For instance, a negative reason code "38" will be defined as: "serious delinquency, and derogatory public record or collection filed." A negative reason code "08" is defined as: "too many inquiries last 12 months." So your negative reason codes tell you exactly why your scores aren't higher.

Unfortunately, the definitions provided by the credit reporting agencies are not as detailed as I would like. That's because they were designed to help lenders explain why you were declined...not designed to be shared with consumers.

# posted by Medical Information : 2:56 AM

Check your mailbox on any given day and you are likely to find one, two, three or more offers to get a credit card. Most offers on the surface look pretty good, but you’ll have to do some digging before you find one that is a real hit. Are you considering opening up a new credit card account? If so, let’s take a look at what makes a worthwhile offer for card seekers everywhere.

No Annual Fee – It simply amazes me that anyone would still pay an annual fee to use a credit card. Oh, sure, that pretty jet black or platinum card certainly looks exclusive but is it worth your while to pay $30 or more per year for the privilege of using a particular card? I doubt it!

No Rewards – You must be kidding me…no rewards offered? With credit card competition at a fevered pitch, it only makes sense that you be rewarded for the troubles of using a card. Most cards will assign you one point for every dollar spent and those points can be redeemed later on for gift cards, movie tickets, hotel stays, airline miles, you name it. Better are those cards that give extra points for select purchases such as visits to the drug store, for groceries, or for trips to the gas station.

Low APR: Does it Matter – Granted, if you pay off your credit card every month then the APR you are being charged simply will not matter. 0% or 30%, you still avoid fees that can sock the average person.

Balance Transfer Option – What decent card doesn’t give a balance transfer option to card holders? Better yet, will that card allow you to transfer funds without paying a transfer fee? No card is worth getting if you are assessed a transfer fee even if the APR is fixed for a certain amount of time.

Other Amenities – Travel insurance and roadside assistance are valuable options if offered for free. On the other hand, credit monitoring services and credit card insurance are not worth your trouble and you probably will find that fees will be assessed to you account if you were to sign up. Simply stay away from cards promising nifty amenities that cost you plenty in the end.

So, check out the fine print and apply for those cards meeting your litmus test. If they fail to give you something better than the average card then simply shred the offer and move on to the next one.

# posted by Medical Information : 2:54 AM

Though there is not a quick way of reestablishing credit, these tips can aid you in the process. Patience is necessary since raising your credit score won’t happen in a day or two. It can take months or even years to rebuild your credit history depending on the amount and seriousness of the delinquencies that have affected your credit.

Make Sure Creditors Are Reporting All Your Timely Payments

You can have creditors adding good information to your credit report. Creditors are not required to report information to any of the three credit bureaus. After obtaining copies of your credit reports, make sure to note if there are any creditors with whom you have a good history that haven’t reported this to the credit bureaus.

If this is the case, contact them and ask them to release the information to the credit bureaus. For a small fee, a credit bureau will contact your creditor. Simply call and give the credit bureau your creditors name and phone number. Positive repayment information can help neutralize some of the negative information on your credit report.

# posted by Medical Information : 2:53 AM

A credit card system is a type of retail transaction settlement. It is named after the small plastic card issued to cardholders. A credit card differs from a debit card wherein, money is deducted from the users's account on every transaction. In the case of credit cards, the issuer offers a credit for a secified amount of time to the consumer.

Credit cards are also different from a charge card, which requires the balance to be paid in full each month. In contrast, credit card holders can 'revolve' their balance with an additional interest being charged on it. Most credit cards follow the ISO 7810 standard and are of the same shape and size.

Credit card transfer is an equitable way of managing one’s credit card debt. The transfer of balance of one credit card to another often helps with the ‘Teaser Rates’ or the introductory rates that are generally offered by major credit card companies a couple of times a year. Usually, teaser rates last for either 3 or 6 months once the card is received. An interest rate is levied depending upon the offer available on the card (which may vary from 0% to up to 9%). It relieves the cardholder of a substantial amount of debt in case he/she transfers the balance from a higher interest rate to a lower one.

Some salient points to be kept in mind for a successful credit card balance transfer are as follows:

1. Timely transfer of balance of credit card. It should not overlap the relevant period as that may result in interest charges being levied upon the cardholder.

2. Availability of zero credit card money transfer on time.

3. Make yourself aware of the offer available on the credit card. Read printings on the promo sheet to gauge its process.

4. Transfer all credit card balances to normal interest card as the store cards may have higher APR rate.

5. Be well informed about the comparison of the two cards against their interest rates and their credibility. A financial broker can help decide upon the choice of a good and interest free credit card, or a lender that offers zero introductory balance rates.

6. Be aware of the expiry date of the zero balance credit card so that it can be re-applied for well in time.

7. As soon as one receives the new credit card, make a call to the lender to improvise your plan of money transfer from the previous one.

8. Do not opt for offers or privileges that may not be of much immediate use (like insurance policies, etc.)

9. Once the transfer of balance from the previous credit card to the new account is completed, close the former account and destroy the card.

10. As the new account now has zero introductory rate, one would be required a minimum rate to repay every month during the stipulated period.

Ensuring all these tenets can help towards a successful transfer of your credit card balance. However, the best way of maintaining one’s inflow is to avoid exceeding expenditure with respect to what you earn.

# posted by Medical Information : 2:53 AM