Tag Archives: Card

Credit Card Debt Counseling

Is ‘credit card debt counseling’ really beneficial?

Not everyone believes that credit card debt counseling is beneficial and there are various reasons for that. Some people just read articles in the newspapers or find advice on the internet and take that as the final thing. So they don’t feel the need for credit card debt counseling. Some others feel that credit card debt counseling companies are just trying to make quick money by telling you the obvious i.e. by telling you something that is being advertised everywhere. However, the most important reason arises from the fact that not all credit card debt counseling companies are genuine and of those that are genuine, not all credit card debt counseling companies provide good advice. So, choosing a proper credit card debt counseling company becomes a critical factor in determining the success of credit card debt counseling. Always go for a reputable credit card debt counseling company, even if their fee is a bit higher. Remember that a proper credit card debt counseling can help you in not just eliminating your credit card debt, but eliminating your credit card debt in a way that is so cost effective as to more than offset the fee credit card debt counseling company is charging you. Moreover, proper credit card debt counseling can save you a lot of time and energy that you would have otherwise spend in studying all about credit card debt, gathering information about various credit card debt elimination measures and comparing these measures. Further, these credit card debt counseling companies can present more than one solution to you from which you can choose whatever appeals the most to you. These credit card debt counseling agencies can also get your credit card debt settled much quicker than if you were trying to do it all by yourself (and without any credit card debt counseling). Also, credit card debt counseling could bring to light things which you would not have been able to see e.g. risks with the approach you were thinking to adopt or a futuristic view of things. Moreover, a person who earns his/her bread by practicing credit card debt counseling as a profession, would know the tricks of the trade which no one else would even have an inkling to e.g. pitfalls of a particular debt consolidation offer, or advantages of another offer etc etc.

There is no doubt with regards to the benefits that credit card debt counseling can bring to you. However, you need to be careful and avoid the fraudsters and pick up someone who has a good reputation.

Prepaid Credit Card Market- Global Segments and Forecast upto 2023

The introduction of internet technology in banking sector is expected to boost the demand for cashless transaction among banking customers. However, a large number of banking customers are using cash and traditional banking products such as cheques and demand draft instead of credit and debit cards for daily financial transaction. This is due to the fear of hidden cost and convenience issue associated with cashless payment cards. The banking sector is trying to overcome these issues through offering prepaid credit cards.

Browse the full Prepaid Credit Card Market report at http://www.transparencymarketresearch.com/prepaid-credit-card-market.html

Prepaid credit card looks similar to a credit or debit card with a card number, brand and signature field on it. A prepaid credit card is issued by a financial institution and performs the functions of a credit card except that a certain amount needs to be preloaded in account. The card holder can use the card for purchasing items till the preloaded amount gets finished. Prepaid credit card limits the borrowing of funds from the financial institution after preloaded amount is finished. The issuing of prepaid credit card does not require bank account of the card holder. Instead the amount is stored in a temporary bank account till the amount is fully used. This factor is expected to boost the adoption of prepaid credit card for non bank account customers in coming years.

Financial institutions are enabling use of prepaid credit card in automated teller machine (ATM) and point of sale (POS) terminals. If the card gets stolen or damaged, the institution is able to issue new card on basic customer information. The remaining amount in previous card gets transferred into new card automatically. Prepaid credit card eliminates the fee and interest associated with normal credit cards. Thus, the customers don’t have to worry about the risk associated with hidden costs in use of credit cards. Prepaid credit cards are available in various forms in market depending upon the type of application. Gift cards are the most commonly used prepaid credit card available in market. The customer is able to use the gift card for purchasing the items in market through POS terminal or online shopping. Meal cards offer convenience of providing meal allowance through prepaid credit card platform. Payroll card is another type of prepaid credit card which allows an enterprise to pay salaries, incentives and reimbursements to the employees. The enterprise is able to credit the monthly salary for every month in the employee’s temporary account. Financial institutions are now providing forex, travelling and reward card depending upon the customer’s requirement.

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The prepaid credit card finds its application among young adults, college students and old age people. Prepaid credit card eliminates the need of carrying cash which help the young and college students to carry equivalent amount of cash in form of a plastic card. The parents can also track the amount spend from the card time to time.

Some of the major financial institutions providing prepaid credit card are Visa, Inc., American Express Company, MasterCard Inc., Kaiku Finance, LLC, Mango Financial, Inc., Total System Services, Inc., Citigroup and The PNC Financial Services Group, Inc.

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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Rewards Charge card – The majority of Popular Rewards

rewards credit card
by rapidtravelchai Benefits charge card are charge card that actually reward customers by providing benefits for every buck that they spend. Rewards vary by bank card a terrific offer, however one of the most popular rewards charge card provide customers a vast array of choices, such as cash back, airline miles and also electronic devices. But just how does an incentive debt card work? And also where can you discover one?

How it Works When you utilize your rewards bank card, a certain percentage of each acquisition you make is alloted either as your cash-back motivation or as a variety of factors that you could keep as well as eventually placed to an item, such as those airline company tickets or other nick-knack that is used by the incentives charge card program. While it may appear like your incentives credit rating card firm might quickly declare bankruptcy by paying you to go shopping, in truth, the incentives charge card business have done lots of research study right into methods that they can utilize to get long-time customers. Because the benefits program is based upon a system that rewards you over a long period of time, many clients will certainly stick with a charge card if they really feel that there is worth in it for them in the future. Consequently, the incentives debt card companies gain from charging you a nice rate of interest as you proceed to rack up rewards points.

Many Popular Perks While all incentives bank card use a variety of rewards to their clients, the most effective rewards charge card programs will let you select the choice that works best for you. If you are a frequent tourist, it may be beneficial to enroll obtain a rewards bank card that offers you regular flyer miles for every single dollar that you invest. You will after that be encouraged to invest more utilizing your credit score card if you know that you will be compensated. Other programs use a catalogue of attractive choices, such as tv, blender or food processors, publication memberships and also even more. If you choose to get cash back for utilizing your rewards debt card, the cash money back price generally falls someplace in between 1% and 3%.

Where to Find a Rewards Card

Incentives charge card have verified to be very efficient techniques of getting devoted customers. For that reason, almost every charge card business will supply some kind of incentives alternative. In order to acquire the most effective benefits bank card prepare for you, it is very important for you to look around to see just what is presently offered.

Benefits charge card not only give you motivation to earn all your purchases using the very same bank card, but they additionally make you really feel excellent regarding spending cash. You know that if you use your rewards credit report card regularly for most of your purchases, you will most certainly get a reward when you rack up sufficient points. Again, the ideal benefits credit report cards will allow you choose which awards go obtain. Currently get out there as well as get awarded for shopping!

< div class="biography" > For extra on benefits credit history cards, Robert Alan suggests that you see CreditCardAssist.com Much more Incentives Bank card Articles

How can credit card fraud affect your credit score?

Have you or is someone you know ever been a victim of credit card fraud? What were some of the consequences you had to deal with after the unfortunate incident? Wish you knew more about this type of crime?

Credit card fraud is one of the most common and simplest forms of identity theft. In essence, this happens when someone spends using your credit card information. Most commonly, fraudsters will use your information to pay for their restaurant or hotel bills, get groceries or make online purchases.

Interestingly, this type of fraud can also happen when your pre-approved credit card offers fall into the wrong hands–fraudsters need only to get these out of your mailbox or trash and mail them in with a change of address request and start spending. A person who has access to your personal identifying information, including your social security number, birthdate and work tax ID can even apply for a credit card using your name if they want to.

More often than not, victims of this type of scheme don’t realize someone’s been misusing their information until credit card companies start demanding for payments, during which your credit score affected.

How it affects your credit score

Needless to say, your credit score is a very important piece of information. It is a key to appearing like a financially responsible individual in the eyes of lenders and other companies. Like any other forms of ID theft, credit card fraud can negatively affect credit score.

Here are some ways credit card fraudsters’ actions can cause negative effects on your credit score:

1. Credit checks. Every time someone applies for a credit card in your name, credit card companies are likely to look at your credit report. It is important to understand that credit checks made by companies appear on your credit report and causes your credit score to go down by a couple of points.

2. Unpaid credit cards. It is not uncommon knowledge that a lot of identity thieves–as oppose to stealing your card–would opt to apply for a credit card using your information. Ask yourself this: what are the chances that the fraudster, after getting the new card, would make any effort to pay the amount he used? Of course, the consequences for his actions fall on your shoulders. Each time a month of non-payment passes, your credit score goes plunges.

The danger of shopping online

Online shopping fraud is one of the most common forms of credit card fraud as making purchases over the internet don’t usually require PIN numbers. For years now, authorities and financial institutions have been trying to find ways to prevent credit card fraud when shopping online, but to little avail.

For most banks and credit card companies, the online version of credit card fraud is no different from its counterpart in the physical world. This is why many card issuers nowadays are choosing to put security measures in place to protect both their clients and themselves, including credit card alerts and the “Verified by Visa” service.

Conclusion

Fraudsters are getting more and more creative in terms of finding new tactics to get their hands on the information they need to do their dirty work. Now more than ever, protection is essential. What you will get from credit protection is the peace of mind that someone out there is looking out for your back.

Amy is an active blogger who is fond of sharing interesting finance related articles to encourage people to manage and protect their finances. She also covers topics on why should we monitor credit regularly and how credit monitoring helps.

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Low APR Credit Card – The Battle for Your Business

We all know how great it is to have a credit card, we can purchase all kinds of luxury items for ourselves and then pay them off a little bit at a time every month as long as we do not mind paying the interest rates that are tacked on. With low rate credit cards, you will not be paying so much in interest payments, however, if you choose a credit card with 17 % APR then you will find yourself paying huge amounts of money in interest payments if you have any type of balance of your credit card.

The large credit card companies know this and are all fighting to give you a low APR credit card that will give you even more freedom, the problem is that you may have trouble choosing which one is best for you and your lifestyle.

American Express understands these above and beyond other credit card companies that offer low APR credit cards because they also offer a 0% introductory offer for your first 15 months, which rises to a 3.99% fixed rate after that initial period. Many companies increase the APR to 17% and beyond after the introductory period expires. Citibank is offering individuals the chance to transfer their balances to a 0% APR for 12 months and a 5% cash back with some purchases such as grocery stores, gas stations, and pharmacies and even a 1% cash back at all other stores. JP Morgan offers a cash back program with 0% interest for 12 months on balance transfers. These low APR credit cards can be great as long as you read the fine print and learn how long the low APR will last and what it will be once the special interest rate expires.

Remember, just because a credit card company is offering a low APR credit card, this does not mean it will always be low. There are many factors that can change the APR, such as the introductory special expiring and economic indicators, which cause the interest rate to fluctuate.

Many credit card companies that offer a low APR credit card may only have the low APR for 3 months and if you are lucky, can be as long as 15 months. Before you apply for a low APR credit card be sure to read all the terms and conditions, look for such things as the end of the introductory special, balance transfer procedures, and if there are any other membership fees, or annual fees that will be applied to your low APR credit card.

For more on a variety of low APR credit card offers, Robert Alan recommends that you visit CreditCardAssist.com.

Consumer Adviser Clark Howard has the scoop

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Rebuild Credit – Finding Out How To Rebuild Credit By Adding New Credit Card Profiles

Repairing credit is less complicated than you think using a credit card. So many men and women think that they need to have excellent credit before they can get hold of a credit card. This could not be more further from the truth. In actuality, having a credit card and working with it wisely is the best way to rebuild credit. While someone with bad credit can’t be accredited for a gold MasterCard at a minimal interest rate, you can very easily get authorized for a sub-prime risk or merchandise credit card. I have personally helped thousands of shoppers with reduced credit scores and a poor credit history get hold of new credit.

A subprime credit card is usually for people today with low credit scores who are deemed high risk due to their credit historical past. They commonly assess a high application or annual fee for this sort of card, but you can utilize the credit card to make purchases at many retailers. A merchandise credit card is constrained to the card issuer’s product line. There are a vast range of products that are accessible depending on the merchandise card you choose. Either way, as long as you are paying the card as agreed and the activity is described to the credit reporting bureaus, then you are rebuilding your credit in the process. It is that straightforward!

If the credit card meets particular requirements, then you can expect to see your credit score steadily increase. You may possibly be questioning what that criteria is. The credit card company should report your credit usage and payment history to all 3 credit reporting agencies and not be guaranteed by a savings account or other economic instrument. This means that a person is extending you an actual line of credit where you are receiving merchandise or services and being allowed to pay over time, based mostly on your word and nothing else.

Given the present-day economy, subprime and merchant credit card issuers are in abundance. Since the customer is needed to pay a large application fee and/or high annual fee, the credit card corporation is taking a minimum risk in relation to the complete credit line that they offer at first. For illustration, the application fee may be $ 100, but you will be given a $ 200 credit line. In this instance, the credit card issuer has already made $ 100 of the application payment so if you default on the credit card, they are not out the complete $ 200.

If you require credit cards to rebuild credit, you need to be mindful that not all credit card issuers will hit you over the head with large fees. I have found a few very good subprime credit cards with a sensible fee structure. The crucial thing is to shop around for the card that very best fits your unique circumstances. It is important to assess the terms and conditions of the credit card so you can be positive to pay according to the agreement and rebuild credit.

Jay Peters owns Zodiac Publishing which put together the “Credit Repair Intelligence System” giving you the answers to aid you with your rebuild credit needs. For extra free reports and videos with distribution rights please visit their website and learn about credit cards to rebuild credit.

Capital One Quicksilver credit card has the best benefits for a person who is building or rebuilding credit.

Video for free credit scores, explaining Credit Karma and Credit Sesame.

Video for option to be APPROVED after credit card denial

Video on impact credit card utilization can have on your credit score

Figure out the Magic of Discover Card

discover card
by Ed Yourdon Plastic cash money ended up being the talk about the city as soon as 90’s once individuals finished the comfort it attended to payments. Plastics went to the start issued entirely by financial institutions to those consumers only that had accounts in those banks. Currently many financial companies like Discovery card solutions started arrangement plastics for heart WHO didn’t had account with them nonetheless obtained the possibility to open up one as well as bask in the advantages of the MasterCard. With the preliminary success it received from the reaction of the typical plenty, Discover financial solutions ended up being one among the leading cards stipulation business within us of America.

Plastic cash issued by the Discover card solution is exclusive and also completely various from different cards. 1st of all they supply you with nice credit score opportunities by supplying you cash money to please your monetary desires. Symphonious with the type of the MasterCard, the credit history restriction is about as well as could be employed by completely different individuals. Credit limitation on the plastics set maintaining in mind the monetary gain standing of the person’s joy to entirely various groups. You should certainly not use or attempt and obtain a card that has higher credit line then your monetary gain, as a result of after that you ‘d be inadvertently expense an extreme amount of. As you recognize the money invested from the MasterCard ought to be came or repaid to the stipulation company with interest at the pointer of the month. Thus if you’re outlay over you’ll be able to absolutely manage, it’ll end up being difficult for you to repay the complete quantity, which might any type of have an effect on your credit score ratings.

There are varied charge card available with Discover services, which you’ll have the ability to get from Value And also financial solutions, by visiting Discover card online solution. A variety of these are:

For trainees: trainees obtain monetary assist in from federal government agencies and personal facilities to satisfy their monetary desires. Discover solutions also have aimed to supply straightforward cash to varsity going students, WHO desire to develop up debt scores on their own. All the institution going students will manage to buy this card as well as bask in the benefits like reduced April price, no yearly cost, simple repayments as well as reward points.
For tourists: taking treatment of money and expense whereas taking a trip will be difficult. This can be why you desire a card that offers you hassle-free payments beside providing you with rewards.

For everyday purpose: to purchase gas, spending for groceries as well as expenses in dining establishments, there are many bank card with discover. To comprehend added regarding them visit, Valueplusfinancial.info.

< div course="bio" > Have a look at:

my find Resource: Miles by find Much more Discover Card Articles

Bandman Kevo speaks on $639,000 credit card scam

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@BandManKevo. @Shawn_Cotton. @Saycheese_TV. Chicago rapper Bandman Kevo takes a seat with us & opens up regarding his credit report card fraud. He speaks on expanding up in Chicago, operating at Mcdonalds & more! Video clip Ranking:/ 5< item kind="application/x-shockwave-flash" style="width:425 px; height:355 px;" data ="// www.youtube.com/v/Pr5dsAjawkE?color2=FBE9EC&version=3&modestbranding=1" >< param name="flick" value ="// www.youtube.com/v/Pr5dsAjawkE?color2=FBE9EC&version=3&modestbranding=1"/ > < param name="allowscriptaccess" value="constantly"/ > visit this site to find out more https://sotomayortv.com/starbuckstheives/. please give away to the show https://www.patreon.com/tommysotomayor. follow me on twitter http://www.twitter.com/tjsotomayor. please see my website, see online shows, purchase equipment, checked out tales in addition to give away.
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Credit Card Debt Consolidation: Finding The Right Program – Advantages And Disadvantages

You never know when and who would need help from a credit card debt consolidation program. Sometimes unexpected circumstances can lead to financial difficulties which in turn would lead you to consider debt consolidation. Some of these circumstances are loss of job, loss in business, death of an earning member and so on. If you are finding it hard to pay off your credit card loans, then it is wise to consider debt consolidation. This is much better than bankruptcy. This article will help you with steps in finding the right credit card debt consolidation program, make you aware of the advantages and disadvantages of debt consolidation so you can decide whether credit card debt consolidation is the best option for you or not.

Basics of Debt Consolidation

Debt Consolidation is a big loan that will pay off your credit card loans. There are several ways these debt consolidation programs work. The most popular way is to take one lump sum amount of money from you (the borrower) and distribute it to your credit card companies (the lenders). All your loans will be consolidated into one payment usually withdrawn directly from your bank on a fixed date every month. These programs make the card holders life easier.

As a general rule, if you have many credit cards from different companies with high interest rates, then debt consolidation can help you manage your debt with only one bill and much lower APRs. These debt consolidation companies negotiate a lower interest rate for you and this can save a lot of money in the long run. This will work out in your favor if you have credit cards with APRs of around 30% because the debt consolidation programs can reduce these interest rates to between 12% – 18%. These programs require a monthly administration fees, which is usually around and this will come off your savings. Remember if the admin fee does not come off your savings, then it is not a good idea to sign up for a debt consolidation program.

So it looks like everything about the credit card debt consolidation is positive. Well, it is not always the case. There are a few advantages and also disadvantages of debt consolidation programs. You have to find a balance between them. The fact is that credit card debt consolidation companies do help you in paying off your debt. Here are some advantages and disadvantages of these programs.

Advantages

1. Decreased payment amounts: The monthly payments will be less than what you were paying before debt consolidation because you are paying off the loan over a longer duration.

2. Simpler to manage: After you signup in the debt consolidation program, you will have a relief from reading your credit card statements, deciding how much to pay for each credit card and then making the payments one by one. Usually, the company will withdraw the money directly from the bank and you will not have to be concerned about late payments.

3. Decreased interest rates: This is one of the major advantages for many credit card owners. Some of the debt consolidation companies bring down the interest rates much lower than the current ones. This can save lots of money for you.

4. Debt Management tips: Many of the good debt consolidation give lots of free tips on managing your debt. They draw out a plan on debt management. These tips are invaluable. They even mail out booklets on debt management.

Disadvantages

1. Lower FICO scores: Many experts debate that debt consolidation does not have any effect on credit (FICO) scores the fact is that debt consolidation has a negative effect on the credit scores. Enrolling into debt consolidation will always be reflected in your credit history. Most credit repair companies mention that it is difficult to increase your credit score if you are currently working with a debt consolidation program. Your credit scores can be raised after you have paid off the loans and are not currently in any debt consolidation program. Even if you can remove one credit card from the debt consolidation program that can help you increase your credit scores.

2. Higher Payment: Since your payments are made over a longer duration of time i.e. in more number of the years, then you will end up paying more in the long run. One way to prevent this is – if your financial situation has improved, then you can pay off larger sum of money. Most of times there will be no penalty for paying off the debt sooner than the agreed number of months. Before enrolling in a credit card debt consolidation program, you can confirm if there is a penalty or not for paying off the debt sooner than the agreed number of months.

3. Credit cards inactivation: If a credit card payment is enrolled in a debt consolidation program, then that particular card account will be inactivated. i.e., that credit card can no longer be used.

4. Negative Impact on Future Loans: Once you have enrolled in a credit card debt consolidation program, this will remain in your credit history. So, all future loan requests (new credit card applications, home loan, car (automobile) loans etc.) will involve references to your debt consolidation. i.e., the lender will have knowledge about your participation in debt consolidation program. Some people are very uncomfortable about this but it is up to you decide. Your credit history is a private record and will be provided by credit score companies only on a need-to-know basis. If you apply for home loan, then the chances of getting rejected is higher and if you get accepted, then mortgage broker will ask for explanation. Again all these conversations are kept confidential.

So, the question is – when should you consider a credit card debt consolidation? If you are paying high interest rates around 30% on a credit card, you have many credit cards, you are unable to make payments or your are barely able to make just the minimum monthly payments, you are finding it difficult to manage all the payments etc., you must consider signing up for a credit card debt consolidation program. After reading through the advantages and disadvantages mentioned earlier, make decision about signing up or not signing up for credit card debt consolidation program.

How to find a good debt consolidation program / company?

Signing up with the right debt consolidation program is critical for saving money and successfully consolidating your debt. There are a good number of scams in the debt consolidation business so it is in your best interest to proceed cautiously to prevent being victim of a scam. Here are some very good sources of finding the right debt consolidation program.

1. References from friends and relatives: It is best to ask your trusted friends if they have any recommendations for reliable credit card debt consolidation program i.e., if they have enrolled in one of these or know of anyone who enrolled in one and is satisfied. As mentioned before, there are many scams and so with this option, you can feel safe. This should be your first option.

2. Television advertisements: Most of big and established companies run advertisements on TV. These are companies that have a lot of experience and have been successful with debt consolidation. But it is a wise thing to research the company. Look for their website and check for their standing in Better Business Bureau (BBB) and must have been in existence for a few years. Also, search http://ripoffreport.com website for this company – this website where victims of scams post their experiences.

3. Mails: When you are unable to payoff debt on time, you will receive mails from some companies that will offer help with debt consolidation. These companies have permission to access some of your basic information. The good thing here is that your fit their profile of enrollees and that is why you received a mail with their credit card debt consolidation services. As mentioned earlier, research these companies using the same methods described above.

4. Telemarketing phone calls: Typically, telemarketing phone calls that you get is because your debt situation is such that it fits the requirement of their enrollees. If you receive a phone call, remember to never enroll in the first phone call. Note down all the details of this company such as the websites, contact person and phone number to call. Research the company extensively as mentioned above.

5. Online Research: Research the internet for good credit card debt consolidation companies both non profit and profit companies. Once you create a list of possible companies, research the companies extensively. Talk to these companies until you are comfortable about enrolling with them.

For a few months or years, if you can handle the disadvantages of credit card debt consolidation programs, then enroll in a program. Debt consolidation can get you out of your current debt problems and save you a lot of money by lowering your interest rates but if you do not spend judiciously, then you will be back into the same debt problems and this cycle will never end. So the long term solution to debt problems is to change your spending habits and live slightly below your means. Remember you need to manage the money / debt and NOT let the money / debt manage you.

The author Lokesh Kumar is a business owner, investor and has very good financial knowledge. Visit Best Credit Cards and Debt Consolidation website and blog for quality information about credit cards, debt consolidation, credit (FICO) scores and honest reviews of 500+ credit cards.