Recent Articles
Find Out How Long Late Payments Stay on Your Credit Report - Shocking Information Within!
Oct 5, 2008 Credit Leave a comment
Have you ever stressed over a late payment for a credit card or a loan? Most people that are a few days late are instantly worried that it’s going to go directly on their credit report making it nearly impossible to get extended credit ever again. I promise that after reading this article you will have a little bit better understanding of how credit reporting actually works for late payments. There are some time lines you should be aware of to truly understand the effects and why or why not you should be worrying.
While the late payments DO adversely affect your credit, a late payment of 10 days or less will normally not have any penalty whatsoever. Generally, financial institutions have a 10 day grace period where no late payment fee’s will be assessed. Beyond the 10 days you will normally receive some sort of fee, yet still there is no reporting to the credit agencies. The normal amount of time is 30 days of being late when you will have it show up on your credit report.
These normally show up on your credit report as a one time late payment. The time lines go in the following order:
30 days late
60 days late
90 days late
Best Consumer Credit Cards - Simple Tips and Advice to Get Them
Sep 29, 2008 Credit Leave a comment
Thinking of getting a brand new credit card? Are you wondering if it is time to add another plastic to your collection? Whichever choice you may take, there are a lot of companies that are more than willing to issue you a new card as a way of getting ahead in the competition.
People receive newsletters, pamphlets, booklets, and all other kinds of advertising materials in order to convince them to apply for a new plastic card. These cards come with new and tempting incentive plans, promises of low interest rates and all kinds of other benefits to appeal to the consumer as a way of earning more profit. But despite all these, there are still things to consider before getting new plastic in order to prevent the possibility of becoming a credit debt victim. Most of the companies and banks want to earn just as much as provide to the consumers, so it is important that you know how to handle the new responsibility before submitting your application. If you think you are old enough and ready than ever to start using credit cards, make sure that you use it wisely and as much as possible sparingly. Find out what are the best consumer credit cards (low interest rates, incentives, and services) available for you in your area.
Once you have decided on getting it, you have a wide variety of options to choose from. Do not fall immediately to the first few offers of low interest rates and amazing incentives that arrive in your mail. These advertisements are sent to your mailbox with flashing bold letters screaming “low introductory rates” and “0% balance transfer offers” in order to get you to be their customer. Be in control of your choices; it really pays to be in control. If it is information you are looking for first, you can consult the Internet, finance magazines with articles regarding the individual consumer, and your daily newspaper. Have an unbiased source to help you compare different credit cards as well. Read More..
The Disadvantages of Not Having a Gas Credit Card
Sep 29, 2008 Credit Leave a comment
Someone who doesn’t own gas credit cards is at a disadvantage. The reason for this is obvious. If someone doesn’t have these gas cards, they don’t have other options to pay for his gas expenses in a given day. Well that person can still pay for his gas expenses using his money on his wallet. But at times during long drives, cash tends to run low.
Often food expenses along the way are the ones that eat up most of the cash, thus leaving other expenses to divide the remaining cash. If this will happen for two or three days and cash is fast dwindling, then the other needs are compromised along the way. And one such need is gas for that old and reliable pick-up truck. But if you have other sources of financing that can take care of your gas needs, then worry should be the last of your concern.
This is the reason why gas credit cards are all the rage right now and these cards are getting the all the best impressions. If you have these kinds of credit cards, then your road trip even for a day of two will never pose much of a problem. So if you are still part of those few who doesn’t have their own gas credit cards, then it is suggested that you get these cards for your own and family use. These credit cards are readily available, and all you need is to turn to the right provider. Read More..
