Credit Card Debt Problems
By Ethan Hunter
What to Do If You Hit the Debt Mire
When debt goes bad, it becomes more than just a financial
problem. It can take over your life. If you have a debt problem
the earlier it is handled and dealt with, the less likely it’ll
turn into a crisis, and the more money you’ll save in the
fullness of time.
The very nature of borrowing means that interest increases over
time and if it isn’t dealt with promptly, it can spiral out of
control and land you into trouble. Particularly with credit
cards, when interest payments are large, and a minimum payment
offers a seemingly manageable solution; what is actually
happening is this: the balance is being eroded like the sea
bites away at the shore. It’ll disappear into the ocean
eventually, but might take many years to do so. What you need is
a more radical approach, where chunks of debt are eaten away
each month.
Being in debt can be a stressful time. Many people are scared
to tell husbands, wives, friends – anyone. There’s a kind of
stigma attached to the problem, but there is always a way out.
Traditional debt advice proscribes borrowing your way out of a
problem. Yet this ignores the reality of most debts. A more
advisable and realistic approach would be to never borrow more
to get out of debt trouble. If it is possible to borrow more
cheaply elsewhere to replace existing borrowing and consolidate
your debt, then this is an eminently sensible approach.
The first step should always be to work out your monthly
outgoings and try and trim down your spending on luxuries and
things you can do without. This doesn’t mean you have to live
the life of a monk and forgo all worldly pleasures! But by
adopting sensible spending patterns you can redirect some of
your monthly income into paying off your outstanding balances.
Always keep at the front of your mind the fact that the longer
the debt smolders away, the more you spend in interest payments.
Those with big debts may save thousands a year in interest by
reconsidering their borrowing commitments. Do this in three
ways:
i) Lower the interest if possible by moving your debts to
reduce the interest cost.
ii) Pay the worst first: prioritize paying off the highest
interest rate debts first
iii) Utilize any free debt advice there is. A non-commercial
agency will give you good advice, focus you on your priorities,
and place any problems in context. Things may not be as bad as
they first seem.
Of course, there’s other basic, practicable things you can do
on your own. It's incredibly important to get on top of credit
card debts as soon as possible. Don't default or miss payments.
Let the credit card company know if you are going to be unable
to pay – it’s always better to talk to them than putting your
head in the sand.
If things aren’t that bad, there’s a variety of easy strategies
you can implement that will help ease things for you. Consider a
credit card balance transfer to a lender offering a lower rate
of APR. This will mean you spend less on interest payments each
month and start to attack the overall balance with real venom.
You could take out an unsecured loan as a way of consolidating
your debt. Personal loans can give you a consistent cheap debt,
and as you must make the repayments each month, it helps provide
structure to your repayments. Those with poorer credit scores
might not always get decent rates, but it’s still often a
cheaper option than paying back credit card debt each month, and
overall a faster method of repayment.
If you have them, use savings: The interest paid on savings is
usually far less than interest charged on borrowing, so paying
off debts with savings makes eminent sense. Even if you think of
your savings as an ‘emergency cash fund’ or money for the
future, better to fall back on it in the short term and pay it
back later, than paying interest to a credit card company so
that money for some far flung eventuality is at your disposal.
It’s worth mentioning that for many people, credit cards
provide sensible short term, flexible lending, that’s both cheap
and convenient. You should always try and proceed cautiously,
but credit card debt woes are not an inevitable consequence of
taking them out. Tens of millions of Americans use credit cards
cheaply and conveniently every year.
For those who feel they are in trouble, don’t feel stigmatized
by your debt woes and don’t pretend they’re not there. Help is
at hand should you seek it, and a solution is never far away.
About the Author: Ethan Hunter is the author of many credit
related articles. If you are looking for help with Home Loans
or any type of credit issue please visit us at
http://www.creditcardunlimited.com
Source: http://www.isnare.com
Tuesday, July 31, 2007
Friday, July 27, 2007
Best Credit Card Machines 802
Getting A Credit Card Is A Big Responsibility
By Connie Gutchrif
Owning a credit card can be quite an advantage. Whether making
online purchases, booking an air ticket or a hotel room on the
phone or simply being in need of some emergency cash, having a
credit card can be a big help. However, getting a credit card
is also a huge responsibility and if you don't keep an eye on
your spending habits, credit cards can create some serious
problems. Here is an excellent list of tips on proper credit
card use and if you follow these, you will likely stay out of
trouble and your credit card will be a blessing instead of a
curse:
1. When you make a purchase with the credit card, it is akin to
taking a loan from your bank. What you have borrowed has to be
returned - so do not borrow beyond your capacity to pay it
back.
2. Always be aware of your outstanding credit card balances.
This will help you determine whether you can make additional
purchases. Even small purchases can really add up to big
balances and substantial interest charges.
3.Any credit card receipts should be kept until you can compare
them to your monthly statement. If you find any purchases you
did not make, or higher charges than those on the receipt,
contact your credit card company immediately.
4. Never give out your credit card to anyone! This includes
people in your family and any of your friends. It is not that
you cannot trust these individuals, but you cannot track
purchases you are not even making.
5. Never charge more than you can repay. When you do, you can
hurt your future chances of getting any kind of credit,
including car loans, home mortgages and other forms of loans.
6. Pay your credit card bills on time or even before they are
due. Doing so will not only help improve your credit scores,
but also help avoid additional costs associated with late
payment charges and accrued interest.
7.Try to pay all your credit card bills in full each and every
month. Have payments of a certain amount in your budget and try
not to purchase more than that amount.
8. Use your credit cards for new purchases only. Too many
people use one credit card to pay another credit card bill and
that always leads to more spending and higher balances.
About the Author: Connie Gutchrif is the President of FN
Credit, LLC - An excellent resource for information on credit.
To learn more, be sure to visit: http://www.fncredit.com
Source: http://www.isnare.com
By Connie Gutchrif
Owning a credit card can be quite an advantage. Whether making
online purchases, booking an air ticket or a hotel room on the
phone or simply being in need of some emergency cash, having a
credit card can be a big help. However, getting a credit card
is also a huge responsibility and if you don't keep an eye on
your spending habits, credit cards can create some serious
problems. Here is an excellent list of tips on proper credit
card use and if you follow these, you will likely stay out of
trouble and your credit card will be a blessing instead of a
curse:
1. When you make a purchase with the credit card, it is akin to
taking a loan from your bank. What you have borrowed has to be
returned - so do not borrow beyond your capacity to pay it
back.
2. Always be aware of your outstanding credit card balances.
This will help you determine whether you can make additional
purchases. Even small purchases can really add up to big
balances and substantial interest charges.
3.Any credit card receipts should be kept until you can compare
them to your monthly statement. If you find any purchases you
did not make, or higher charges than those on the receipt,
contact your credit card company immediately.
4. Never give out your credit card to anyone! This includes
people in your family and any of your friends. It is not that
you cannot trust these individuals, but you cannot track
purchases you are not even making.
5. Never charge more than you can repay. When you do, you can
hurt your future chances of getting any kind of credit,
including car loans, home mortgages and other forms of loans.
6. Pay your credit card bills on time or even before they are
due. Doing so will not only help improve your credit scores,
but also help avoid additional costs associated with late
payment charges and accrued interest.
7.Try to pay all your credit card bills in full each and every
month. Have payments of a certain amount in your budget and try
not to purchase more than that amount.
8. Use your credit cards for new purchases only. Too many
people use one credit card to pay another credit card bill and
that always leads to more spending and higher balances.
About the Author: Connie Gutchrif is the President of FN
Credit, LLC - An excellent resource for information on credit.
To learn more, be sure to visit: http://www.fncredit.com
Source: http://www.isnare.com
Thursday, July 26, 2007
Best Credit Card Machines 802
Guaranteed Credit Cards – Use Them Wisely
By [http://ezinearticles.com/?expert=Joseph_Kenny]Joseph Kenny
Credit cards are becoming increasingly vital in a wide range of situations. Have you ever tried to rent a car, or shop online without one? It’s not easy. In fact, with the growth of shopping online, more frequent international travel, and people paying for goods and services over the phone, it is almost vital for an increasing number of people to have access to credit cards.
There are therefore, plenty of valid reasons why anybody would want a credit card these days. Gone are the days when credit cards were seen as the preserve of the rich, or very big spenders, who liked to bankrupt themselves, or spend a fortune on shopping sprees. These days, people need credit cards simply to go about their business without being stuck in situations where they have no methods of payment available to them in an increasing number of situations.
Guaranteed credit cards are a phenomenon that is becoming increasingly popular. It has come to the UK from the United States, as most credit card variations have done. For people with bad credit ratings, guaranteed credit cards are extremely attractive. There are adds on the television, the internet and pretty much everywhere, that guarantee credit cards to everyone that applies for them, regardless of whether or not they seem to be in a position to afford them.
You should approach these offers with great caution. If you think about the steps that most lenders take, you will be forced to become suspicious of guaranteed credit cards. Most lenders carefully assess the risk involved whenever they lend out money. They look at your credit history, how much you earn, how much you owe and many other factors. If they find that you are of high risk, then they will either refuse to lend to you, or change the terms of the credit so that you provide them with extra security or pay higher interest rates or both.
If you hear of credit card providers that seem to be willing to forgo this important step, and simply lend you the money without looking into your finances and credit history at all, then you can be pretty sure that the interest rate will be very high. As well as high interest rates however, there will be other terms and conditions that will be less attractive than usual. You will be subject to very high penalty fees for late payment and these lenders will also be probably very fast to refer you to debt collection agencies. Therefore, if you do opt for this, then be careful, and use the card wisely.
Joe Kenny writes for Credit Card Guide, offering the latest information on credit cards in the UK, visit them today us to apply for [http://www.cardguide.co.uk/transfers.html]balance transfer credit cards and start clearing credit card debt today.
Visit today: http://www.cardguide.co.uk/
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny http://EzineArticles.com/?Guaranteed-Credit-Cards---Use-Them-Wisely&id=213376
By [http://ezinearticles.com/?expert=Joseph_Kenny]Joseph Kenny
Credit cards are becoming increasingly vital in a wide range of situations. Have you ever tried to rent a car, or shop online without one? It’s not easy. In fact, with the growth of shopping online, more frequent international travel, and people paying for goods and services over the phone, it is almost vital for an increasing number of people to have access to credit cards.
There are therefore, plenty of valid reasons why anybody would want a credit card these days. Gone are the days when credit cards were seen as the preserve of the rich, or very big spenders, who liked to bankrupt themselves, or spend a fortune on shopping sprees. These days, people need credit cards simply to go about their business without being stuck in situations where they have no methods of payment available to them in an increasing number of situations.
Guaranteed credit cards are a phenomenon that is becoming increasingly popular. It has come to the UK from the United States, as most credit card variations have done. For people with bad credit ratings, guaranteed credit cards are extremely attractive. There are adds on the television, the internet and pretty much everywhere, that guarantee credit cards to everyone that applies for them, regardless of whether or not they seem to be in a position to afford them.
You should approach these offers with great caution. If you think about the steps that most lenders take, you will be forced to become suspicious of guaranteed credit cards. Most lenders carefully assess the risk involved whenever they lend out money. They look at your credit history, how much you earn, how much you owe and many other factors. If they find that you are of high risk, then they will either refuse to lend to you, or change the terms of the credit so that you provide them with extra security or pay higher interest rates or both.
If you hear of credit card providers that seem to be willing to forgo this important step, and simply lend you the money without looking into your finances and credit history at all, then you can be pretty sure that the interest rate will be very high. As well as high interest rates however, there will be other terms and conditions that will be less attractive than usual. You will be subject to very high penalty fees for late payment and these lenders will also be probably very fast to refer you to debt collection agencies. Therefore, if you do opt for this, then be careful, and use the card wisely.
Joe Kenny writes for Credit Card Guide, offering the latest information on credit cards in the UK, visit them today us to apply for [http://www.cardguide.co.uk/transfers.html]balance transfer credit cards and start clearing credit card debt today.
Visit today: http://www.cardguide.co.uk/
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny http://EzineArticles.com/?Guaranteed-Credit-Cards---Use-Them-Wisely&id=213376
Wednesday, July 25, 2007
Best Credit Card Machines 802
Best Strategies For Online Approval Of Credit Card Application
By David Riewe
Credit cards had been a popular form of purchasing items on a
"chargeable" or borrowed term.
The advantages of having a credit card are:
1. Security, since one does not have to carry a large amount of
cash to purchase certain items.
2. Convenience. In case one has to purchase an item that is
immediately needed (and is out of cash), these can be purchased
using a credit card
3. Cash advances. Purchases that require cash payments may
still be accommodated by the credit card through the cash
advance feature. This works like a regular ATM transaction
(with of course a corresponding interest rate)
Disadvantages
1. Interest rate. Unlike purchasing with cash, credit card
charges come with a corresponding interest (unless paid before
the due date). The consumer should be aware of the various
interest rates offered by the different credit card companies.
One has to choose the mode of payment (plus the interest rate)
that would best suit his or her capacity to pay.
2. Overuse. A consumer tends to purchase items that are not
really needed or included in their budget if they have a credit
card that is ready to use.
3. Annual fees. Whether one chooses to use his or her card,
after activation, annual fees will be charged.
4. Other charges. A delay in the payment during one billing
period would incur you additional charges.
Credit card online approval usually is far easier than manual
applications that require various forms to be completed before
it can be processed. The company likewise is more likely to
receive your application on a shorter period of time as
compared to snail-mailing your forms.
For a faster credit card online approval, take into
consideration the following:
1. Do not leave any unanswered line, especially those marked
with a red asterisk.
2. After completion of the online application, immediately send
either through email or facsimile the additional requirements
needed.
3. Take into consideration that credit card companies
prioritize applications of the following group of people:
- married couples
- persons with a mortgaged house or car
- persons with several dependents
4. Choose credit card companies that have a promotional offer
in the application process, chances are, promos are offered due
to low application rate, thus prioritization your entry is a
sure shot.
The logic here is that the more obligations an applicant has,
the more they are likely to use the credit card, which
equivalents to higher earnings (through interest charges) on
their part.
About the Author: David Riewe is a Publisher and Online
Marketer. Visit his Credit Resources Blog Below:
http://www.push-button-online-income.com/creditcards/
Source: http://www.isnare.com
By David Riewe
Credit cards had been a popular form of purchasing items on a
"chargeable" or borrowed term.
The advantages of having a credit card are:
1. Security, since one does not have to carry a large amount of
cash to purchase certain items.
2. Convenience. In case one has to purchase an item that is
immediately needed (and is out of cash), these can be purchased
using a credit card
3. Cash advances. Purchases that require cash payments may
still be accommodated by the credit card through the cash
advance feature. This works like a regular ATM transaction
(with of course a corresponding interest rate)
Disadvantages
1. Interest rate. Unlike purchasing with cash, credit card
charges come with a corresponding interest (unless paid before
the due date). The consumer should be aware of the various
interest rates offered by the different credit card companies.
One has to choose the mode of payment (plus the interest rate)
that would best suit his or her capacity to pay.
2. Overuse. A consumer tends to purchase items that are not
really needed or included in their budget if they have a credit
card that is ready to use.
3. Annual fees. Whether one chooses to use his or her card,
after activation, annual fees will be charged.
4. Other charges. A delay in the payment during one billing
period would incur you additional charges.
Credit card online approval usually is far easier than manual
applications that require various forms to be completed before
it can be processed. The company likewise is more likely to
receive your application on a shorter period of time as
compared to snail-mailing your forms.
For a faster credit card online approval, take into
consideration the following:
1. Do not leave any unanswered line, especially those marked
with a red asterisk.
2. After completion of the online application, immediately send
either through email or facsimile the additional requirements
needed.
3. Take into consideration that credit card companies
prioritize applications of the following group of people:
- married couples
- persons with a mortgaged house or car
- persons with several dependents
4. Choose credit card companies that have a promotional offer
in the application process, chances are, promos are offered due
to low application rate, thus prioritization your entry is a
sure shot.
The logic here is that the more obligations an applicant has,
the more they are likely to use the credit card, which
equivalents to higher earnings (through interest charges) on
their part.
About the Author: David Riewe is a Publisher and Online
Marketer. Visit his Credit Resources Blog Below:
http://www.push-button-online-income.com/creditcards/
Source: http://www.isnare.com
Tuesday, July 24, 2007
Best Credit Card Machines 802
The "Credit Card Debt Termination" Scam
By Charles Phelan
"Legally terminate credit card debt! You can be debt-free in
4-6 months!" Advertisements like this are for a new type of
program that has spread via the Internet over the past few
years. It's called "Credit Card Debt Termination," and victims
are paying up to $3,500 for this bogus service. In this article,
I'll review the principles behind this program and explain
exactly why it's a scam to be avoided.
First, let's get our definitions straight. The scheme I'm
describing here should not be confused with Debt Consolidation
or Debt Settlement (also known as Debt Negotiation), both of
which are legitimate and ethical methods for debt resolution.
The easiest way to distinguish the Credit Card Debt Termination
scam from other valid programs is based on the central claim
that you really don't owe any money!
With Debt Consolidation, you pay back all of your debt
balances. With Debt Settlement, you pay back a lower amount
(usually around 50%) while the creditor agrees to forgive the
remaining balance. However, with the bogus Credit Card Debt
Termination program, promoters claim that you won't need to pay
anything at all (except their outrageous fees, naturally). They
make the surprising claim that you can legally wipe away your
debts simply by using their super-duper magic documents. Based
on some legal mumbo-jumbo, the claim is made that you really
didn't borrow any money from your creditors!
In order to understand this scam, a little background is
necessary. Remember the tax protest movement back in the 1970s?
People were claiming that the IRS tax collection system was
unconstitutional, and based on their misinterpretation of the
tax code, they refused to pay taxes. The IRS came down hard on
the tax protest movement, and through the court system, they
blew holes in all the legal arguments put forth by the
protesters. The Credit Card Debt Termination scam is a lot like
the tax protest movement. In fact, among collection
professionals, it's called the "monetary protest movement."
Just like the tax protest movement, there is a common theme
that runs through all of the promotional materials issued by the
monetary protestors. The basic idea is that our Federal Reserve
monetary system and generally accepted accounting principles
(GAAP) do not permit banks to loan out their own money.
Therefore, according to their interpretation, the credit card
banks are the ones running the scam on the American public.
Stay with me here, because the logic is pretty strange. If a
bank cannot lend its own money, how does a credit card bank
extend credit? The claim here is that your credit card agreement
itself becomes a form of money (known as a promissory note) the
moment you sign it. The idea is that the bank "deposits" your
agreement as an asset on their books, and then any credit you
use is offset as a liability against that asset. In other words,
the core concept here is that you literally borrowed your own
money from the credit card bank.
So let's say your balance with ABC Credit Card Bank is $10,000,
which you borrowed against the card to make everyday purchases.
The scam promoters say all you need to do is notify the bank
that you want your original "deposit" back. However, you will
permit the bank to offset the amount you borrowed against the
amount you have on "deposit." Presto! You don't owe the balance
anymore!
Now, as you can imagine, the banks don't take kindly to such
tactics. Many of the consumers using this technique are getting
sued by their creditors. But the scammers have more tricks
available, as if the "smoke and mirrors" financial nonsense
wasn't enough. One of their techniques is the use of bogus
"arbitration" forums. Arbitration is of course a legitimate
system that allows businesses and individuals to resolve
disputes without going to court. What do the scammers do? They
coach people on how to set up a fake arbitration forum, for the
express purpose of making a dispute against their creditors!
Naturally, the creditors will not send representatives to some
non-existent arbitration forum, so the consumer gets to
rubber-stamp their own arbitration award. If they get sued in a
regular court, they present their bogus award to the judge in
the hopes that the creditor's lawsuit will be dismissed.
There are other techniques used by promoters of this scheme,
but the key point to remember is the central claim that your
credit card debt does not really exist. Of course, it's all
nonsense based on a misinterpretation of our monetary system,
and if you step back and think about for a minute, the truth
seems pretty obvious. What these scammers are saying is that the
entire $700 billion credit card industry is operating on an
illegal basis! Even if the legal theory used by the promoters
were true (which it isn't), do you think for a moment the
government would allow this giant industry to go under? That's
exactly what would happen if the promoter's claims were proven
true and used on a widespread basis.
The Federal Trade Commission, which has jurisdiction here,
hasn't stomped on these con artists yet, but it's only a matter
of time. Unfortunately, in the meanwhile, consumers are being
bilked out of millions of dollars for a worthless program that
will only get them into deep trouble with their creditors. If
you are approached by someone offering to wipe away your debts
using this system, I strongly recommend you run in the other
direction while you hold on tightly to your wallet or purse.
Remember, you can eliminate your debts if you take a
disciplined approach to your finances, make a budget and stick
to it, and don't use your credit cards unless you can pay off
new balances in full each month.
Good luck in your financial future!
About the Author: Charles J. Phelan has been helping people
become debt-free without bankruptcy since 1997. A former
executive in the debt settlement industry, he teaches the
do-it-yourself method of debt negotiation. Audio-CD material
plus expert personal coaching helps consumers achieve
professional results at a fraction of the cost.
http://www.zipdebt.com
Source: http://www.isnare.com
By Charles Phelan
"Legally terminate credit card debt! You can be debt-free in
4-6 months!" Advertisements like this are for a new type of
program that has spread via the Internet over the past few
years. It's called "Credit Card Debt Termination," and victims
are paying up to $3,500 for this bogus service. In this article,
I'll review the principles behind this program and explain
exactly why it's a scam to be avoided.
First, let's get our definitions straight. The scheme I'm
describing here should not be confused with Debt Consolidation
or Debt Settlement (also known as Debt Negotiation), both of
which are legitimate and ethical methods for debt resolution.
The easiest way to distinguish the Credit Card Debt Termination
scam from other valid programs is based on the central claim
that you really don't owe any money!
With Debt Consolidation, you pay back all of your debt
balances. With Debt Settlement, you pay back a lower amount
(usually around 50%) while the creditor agrees to forgive the
remaining balance. However, with the bogus Credit Card Debt
Termination program, promoters claim that you won't need to pay
anything at all (except their outrageous fees, naturally). They
make the surprising claim that you can legally wipe away your
debts simply by using their super-duper magic documents. Based
on some legal mumbo-jumbo, the claim is made that you really
didn't borrow any money from your creditors!
In order to understand this scam, a little background is
necessary. Remember the tax protest movement back in the 1970s?
People were claiming that the IRS tax collection system was
unconstitutional, and based on their misinterpretation of the
tax code, they refused to pay taxes. The IRS came down hard on
the tax protest movement, and through the court system, they
blew holes in all the legal arguments put forth by the
protesters. The Credit Card Debt Termination scam is a lot like
the tax protest movement. In fact, among collection
professionals, it's called the "monetary protest movement."
Just like the tax protest movement, there is a common theme
that runs through all of the promotional materials issued by the
monetary protestors. The basic idea is that our Federal Reserve
monetary system and generally accepted accounting principles
(GAAP) do not permit banks to loan out their own money.
Therefore, according to their interpretation, the credit card
banks are the ones running the scam on the American public.
Stay with me here, because the logic is pretty strange. If a
bank cannot lend its own money, how does a credit card bank
extend credit? The claim here is that your credit card agreement
itself becomes a form of money (known as a promissory note) the
moment you sign it. The idea is that the bank "deposits" your
agreement as an asset on their books, and then any credit you
use is offset as a liability against that asset. In other words,
the core concept here is that you literally borrowed your own
money from the credit card bank.
So let's say your balance with ABC Credit Card Bank is $10,000,
which you borrowed against the card to make everyday purchases.
The scam promoters say all you need to do is notify the bank
that you want your original "deposit" back. However, you will
permit the bank to offset the amount you borrowed against the
amount you have on "deposit." Presto! You don't owe the balance
anymore!
Now, as you can imagine, the banks don't take kindly to such
tactics. Many of the consumers using this technique are getting
sued by their creditors. But the scammers have more tricks
available, as if the "smoke and mirrors" financial nonsense
wasn't enough. One of their techniques is the use of bogus
"arbitration" forums. Arbitration is of course a legitimate
system that allows businesses and individuals to resolve
disputes without going to court. What do the scammers do? They
coach people on how to set up a fake arbitration forum, for the
express purpose of making a dispute against their creditors!
Naturally, the creditors will not send representatives to some
non-existent arbitration forum, so the consumer gets to
rubber-stamp their own arbitration award. If they get sued in a
regular court, they present their bogus award to the judge in
the hopes that the creditor's lawsuit will be dismissed.
There are other techniques used by promoters of this scheme,
but the key point to remember is the central claim that your
credit card debt does not really exist. Of course, it's all
nonsense based on a misinterpretation of our monetary system,
and if you step back and think about for a minute, the truth
seems pretty obvious. What these scammers are saying is that the
entire $700 billion credit card industry is operating on an
illegal basis! Even if the legal theory used by the promoters
were true (which it isn't), do you think for a moment the
government would allow this giant industry to go under? That's
exactly what would happen if the promoter's claims were proven
true and used on a widespread basis.
The Federal Trade Commission, which has jurisdiction here,
hasn't stomped on these con artists yet, but it's only a matter
of time. Unfortunately, in the meanwhile, consumers are being
bilked out of millions of dollars for a worthless program that
will only get them into deep trouble with their creditors. If
you are approached by someone offering to wipe away your debts
using this system, I strongly recommend you run in the other
direction while you hold on tightly to your wallet or purse.
Remember, you can eliminate your debts if you take a
disciplined approach to your finances, make a budget and stick
to it, and don't use your credit cards unless you can pay off
new balances in full each month.
Good luck in your financial future!
About the Author: Charles J. Phelan has been helping people
become debt-free without bankruptcy since 1997. A former
executive in the debt settlement industry, he teaches the
do-it-yourself method of debt negotiation. Audio-CD material
plus expert personal coaching helps consumers achieve
professional results at a fraction of the cost.
http://www.zipdebt.com
Source: http://www.isnare.com
Friday, July 20, 2007
Best Credit Card Machines 802
Accepting Credit Cards: A Need of Every Business
By [http://ezinearticles.com/?expert=Paul_MacIver]Paul MacIver
Credit cards are fast replacing the cash payment mechanisms. With online shopping a way of life now, it is imperative that businesses are able to accept credit cards. Today, an average citizen has at least four credit cards, and they are ready to shop using cards for anything, be it online or in shops.
With such good penetration of credit cards, any business owner, even if the scale of business is not too big, should not miss out on implementing credit card payment gateways at their business establishments or websites.
Implementing the Credit Card Payment System:
There are three important parts of a credit card processing system. The first part is a secure form; one that is S.S.L. enabled and will be used to take the credit card details of the customers. This form will capture the details of the customer's credit card and the total payment will be made.
S.S.L. is short for Secure Socket Layer, a way to encrypt the sensitive credit card information, and is supported by all major browsers and ISPs.
The second thing is getting a merchant account with the bank where all the money will be deposited. For that, you will have to get in touch with a bank that will set up the account etc.
Thirdly, you need payment-processing software, which will connect you with the bank and help you accept payments.
If you want, you can bypass all this and implement a third party account as well, which will take care of all these hassles while you get all your money. However, they charge on a per transaction basis, so on every transaction that they process, you will need to pay a fee. Some may also charge a one time account setup fee as well.
Benefits of Accepting Credit Card Payments:
Accepting credit cards is quite beneficial for all merchants, be it small business owners or large sellers. If a small business owner does not accept credit cards, he/she may lose on the huge crowd of customers in the market, as people prefer more and more to shop with cards.
Next, all the international customers like business travelers, or tourists, prefer to use credit cards when shopping. Tourism and travel are on an all time high, and any merchant who does not offer the facility to accept credit card payments will lose out to them.
There are many facilities which small business owners can derive from such a payment system. Visa has come up with a new cash and credit management product for small business owners. Most credit cards in the world are Visa cards.
Since online purchases can be safely and quickly made using credit cards, most people prefer card payments only. If a small business owner has not implemented the credit card facility for online customers, he/she may lose out to a large number of online shoppers.
Many customers are impulsive buyers. Such customers will buy whenever they see something interesting, wherever they see it. They may not have cash on them at the time, but if they like something, they will buy it with their credit card. So to harness such customers, small business owners need to put a credit card payments system in place.
Some customers may not have enough cash reserves to shop, but may choose to buy now and pay the credit card company later.
Checks cannot be used as a reliable method of accepting payments, as they may bounce due to insufficient funds. Credit cards relieve the merchant of the concerns whether he will get his money or not.
Small business owners can make money as well as save money, as credit card payments are faster modes of payment especially if the business is run online.
Paul MacIver is a contributing author for [http://www.mega-info-spot.info]Mega Info Spot - Visit [http://www.your-creditcard-guide.info]Accept Credit Cards for further info on [http://www.your-creditcard-guide.info/sitemap.php]Credit Card Processing and setting up a merchant account.
Article Source: http://EzineArticles.com/?expert=Paul_MacIver http://EzineArticles.com/?Accepting-Credit-Cards:-A-Need-of-Every-Business&id=269919
By [http://ezinearticles.com/?expert=Paul_MacIver]Paul MacIver
Credit cards are fast replacing the cash payment mechanisms. With online shopping a way of life now, it is imperative that businesses are able to accept credit cards. Today, an average citizen has at least four credit cards, and they are ready to shop using cards for anything, be it online or in shops.
With such good penetration of credit cards, any business owner, even if the scale of business is not too big, should not miss out on implementing credit card payment gateways at their business establishments or websites.
Implementing the Credit Card Payment System:
There are three important parts of a credit card processing system. The first part is a secure form; one that is S.S.L. enabled and will be used to take the credit card details of the customers. This form will capture the details of the customer's credit card and the total payment will be made.
S.S.L. is short for Secure Socket Layer, a way to encrypt the sensitive credit card information, and is supported by all major browsers and ISPs.
The second thing is getting a merchant account with the bank where all the money will be deposited. For that, you will have to get in touch with a bank that will set up the account etc.
Thirdly, you need payment-processing software, which will connect you with the bank and help you accept payments.
If you want, you can bypass all this and implement a third party account as well, which will take care of all these hassles while you get all your money. However, they charge on a per transaction basis, so on every transaction that they process, you will need to pay a fee. Some may also charge a one time account setup fee as well.
Benefits of Accepting Credit Card Payments:
Accepting credit cards is quite beneficial for all merchants, be it small business owners or large sellers. If a small business owner does not accept credit cards, he/she may lose on the huge crowd of customers in the market, as people prefer more and more to shop with cards.
Next, all the international customers like business travelers, or tourists, prefer to use credit cards when shopping. Tourism and travel are on an all time high, and any merchant who does not offer the facility to accept credit card payments will lose out to them.
There are many facilities which small business owners can derive from such a payment system. Visa has come up with a new cash and credit management product for small business owners. Most credit cards in the world are Visa cards.
Since online purchases can be safely and quickly made using credit cards, most people prefer card payments only. If a small business owner has not implemented the credit card facility for online customers, he/she may lose out to a large number of online shoppers.
Many customers are impulsive buyers. Such customers will buy whenever they see something interesting, wherever they see it. They may not have cash on them at the time, but if they like something, they will buy it with their credit card. So to harness such customers, small business owners need to put a credit card payments system in place.
Some customers may not have enough cash reserves to shop, but may choose to buy now and pay the credit card company later.
Checks cannot be used as a reliable method of accepting payments, as they may bounce due to insufficient funds. Credit cards relieve the merchant of the concerns whether he will get his money or not.
Small business owners can make money as well as save money, as credit card payments are faster modes of payment especially if the business is run online.
Paul MacIver is a contributing author for [http://www.mega-info-spot.info]Mega Info Spot - Visit [http://www.your-creditcard-guide.info]Accept Credit Cards for further info on [http://www.your-creditcard-guide.info/sitemap.php]Credit Card Processing and setting up a merchant account.
Article Source: http://EzineArticles.com/?expert=Paul_MacIver http://EzineArticles.com/?Accepting-Credit-Cards:-A-Need-of-Every-Business&id=269919
Wednesday, July 18, 2007
Best Credit Card Machines 802
Credit Card Rewards Programs: Rewarding... Or Not?
By Jeremy Zongker
In 1950, the first credit card that could be used at more than
one, specific merchant emerged on the market. The Diner’s Card,
started by Frank McNamara, was an invention that got its start
when Frank was having a business meeting over dinner, and
realized he had forgotten his wallet at home. Of course, the
man was extremely embarrassed, and had to call his wife and ask
her to bring him his wallet so he could pay for the bill. Then
the light bulb over his head turned on, and he thought it would
be incredible to have a way to purchase things wherever people
shopped, and pay for them later. The Diner’s Card started with
200 card holders, and within a few years- banks and private
companies began offering credit cards.
Eventually there were so many credit cards to choose from that
the credit lenders had to come up with new ways to stand out
from the competition and entice people to select their card
over another. Credit card reward programs were born sometime
around 1986. Discover card began offering cash back based on
the amount of money you spent on your credit card, and the
first “frequent flier miles” for credit card users was with
Continental Airlines. The frequent flier miles were such a hit
that now every airline has joined in the rewards programs,
offering discounted trips, free complimentary airfare, travel
accident insurance- all based on the amount of spending you do
using your credit card.
Now that just about every credit card has some sort of rewards
program in place, once again card companies are finding
themselves looking for new ways to entice more customers to
slide their credit card into their already overflowing card
holders in their wallets. Rewards programs have to be turned up
a notch, and become so amazing, so absolutely unforgettable that
consumers can’t forget them and will apply for and use their
card more than the other seven in their wallets when they go
shopping!
Currently, the trend in credit card rewards programs appears to
be creating cards that offer very specific rewards to cater to
what people are doing with their lives. Michelle Shepherd, of
MBNA Corp (one of the largest credit card lenders) says the
rewards programs are developed with real people in mind,
offering something for everyone “…whatever stage in life a
person is in, whether it’s someone who’s trying to reduce a
mortgage or someone dreaming of going to the Super Bowl”. This
is seen in credit cards MBNA offers with rewards programs
related to NASCAR and GMAC. Also, Visa offers several credit
cards with Disney rewards programs- your spending earns you
points towards travel to Disney theme parks and on the Disney
cruise line.
Credit card interest rates have begun to rise overall, which is
another reason why lenders are trying to entice new customers
with their fabulous rewards programs. It would be hard for a
card to sell itself to new customers with a high, unattractive
interest rate- so lenders have learned to sell the idea of the
rewards programs, hoping to gain your interest from that and
divert your attention from the not-so-glamorous interest rates.
Keep in mind that while rewards programs can seem very
rewarding when you are considering a credit card offer, there
is often a lot of information you won’t find out until after
you apply for and receive the card. Rewards programs often have
limitations, meaning once you reach the ceiling you are no
longer eligible for the rewards program benefits- information
they don’t normally disclose in the credit card offers you
receive in the mail. Also, for rewards programs that allow you
to purchase items with points earned based on the spending you
do using your credit card, keep in mind you will probably be
charged additional money for shipping and handling of those
items. For cards that offer travel discounts and airline
tickets, many rewards programs require you to then pay
transaction fees to redeem them.
About the Author: This article has been provided courtesy of
Creditor Web, http://www.creditorweb.com .
Source: http://www.isnare.com
By Jeremy Zongker
In 1950, the first credit card that could be used at more than
one, specific merchant emerged on the market. The Diner’s Card,
started by Frank McNamara, was an invention that got its start
when Frank was having a business meeting over dinner, and
realized he had forgotten his wallet at home. Of course, the
man was extremely embarrassed, and had to call his wife and ask
her to bring him his wallet so he could pay for the bill. Then
the light bulb over his head turned on, and he thought it would
be incredible to have a way to purchase things wherever people
shopped, and pay for them later. The Diner’s Card started with
200 card holders, and within a few years- banks and private
companies began offering credit cards.
Eventually there were so many credit cards to choose from that
the credit lenders had to come up with new ways to stand out
from the competition and entice people to select their card
over another. Credit card reward programs were born sometime
around 1986. Discover card began offering cash back based on
the amount of money you spent on your credit card, and the
first “frequent flier miles” for credit card users was with
Continental Airlines. The frequent flier miles were such a hit
that now every airline has joined in the rewards programs,
offering discounted trips, free complimentary airfare, travel
accident insurance- all based on the amount of spending you do
using your credit card.
Now that just about every credit card has some sort of rewards
program in place, once again card companies are finding
themselves looking for new ways to entice more customers to
slide their credit card into their already overflowing card
holders in their wallets. Rewards programs have to be turned up
a notch, and become so amazing, so absolutely unforgettable that
consumers can’t forget them and will apply for and use their
card more than the other seven in their wallets when they go
shopping!
Currently, the trend in credit card rewards programs appears to
be creating cards that offer very specific rewards to cater to
what people are doing with their lives. Michelle Shepherd, of
MBNA Corp (one of the largest credit card lenders) says the
rewards programs are developed with real people in mind,
offering something for everyone “…whatever stage in life a
person is in, whether it’s someone who’s trying to reduce a
mortgage or someone dreaming of going to the Super Bowl”. This
is seen in credit cards MBNA offers with rewards programs
related to NASCAR and GMAC. Also, Visa offers several credit
cards with Disney rewards programs- your spending earns you
points towards travel to Disney theme parks and on the Disney
cruise line.
Credit card interest rates have begun to rise overall, which is
another reason why lenders are trying to entice new customers
with their fabulous rewards programs. It would be hard for a
card to sell itself to new customers with a high, unattractive
interest rate- so lenders have learned to sell the idea of the
rewards programs, hoping to gain your interest from that and
divert your attention from the not-so-glamorous interest rates.
Keep in mind that while rewards programs can seem very
rewarding when you are considering a credit card offer, there
is often a lot of information you won’t find out until after
you apply for and receive the card. Rewards programs often have
limitations, meaning once you reach the ceiling you are no
longer eligible for the rewards program benefits- information
they don’t normally disclose in the credit card offers you
receive in the mail. Also, for rewards programs that allow you
to purchase items with points earned based on the spending you
do using your credit card, keep in mind you will probably be
charged additional money for shipping and handling of those
items. For cards that offer travel discounts and airline
tickets, many rewards programs require you to then pay
transaction fees to redeem them.
About the Author: This article has been provided courtesy of
Creditor Web, http://www.creditorweb.com .
Source: http://www.isnare.com
Friday, July 13, 2007
Best Credit Card Machines
Credit Card Offers
By Beth Pardue
The vast majority of credit card offers you receive are fair
and ethical. But there are two things to look out for that some
credit card companies have been known to pull on unwary
customers. These tactics are perfectly legal, so your only
recourse to preventing them is to be alert.
The old bait and switch. You apply for a great credit card that
gives you tons of frequent-flier miles, hoping to put all of
your shopping on it, and then head to the Bahamas in February.
When and if you get that card, study the terms carefully. If
you don't qualify for the great card, the credit card company
can send you a completely different card with different
terms--without telling you. Visit www.amex-visa-mastercard.com
for a list of reputable credit card offers.
Cash advance fees and rates. Read the fine print on your
statement and you'll see it's a very bad idea to take cash out
on your credit card. Your card might have a really low rate for
purchases, but the rate for cash advances is much higher. And
there is no grace period--you start paying interest right away.
Aside from paying a high rate on the cash you take out, you're
going to pay a fee, usually 2 percent to 4 percent of the
amount advanced. And your payments will be applied to the
lower-interest balance before they are applied to your cash
advance. Don't get yourself into trouble with either of these
two mistakes ... read the terms of your credit card offers
carefully before you activate them.
About the Author: This article was written by Beth Pardue who
has over 10 years of experience in the financial industry
assisting clients with assorted financial needs. To learn more
about credit cards or to apply for a credit card online please
visit: Visit http://www.amex-visa-mastercard.com today!
Source: http://www.isnare.com
By Beth Pardue
The vast majority of credit card offers you receive are fair
and ethical. But there are two things to look out for that some
credit card companies have been known to pull on unwary
customers. These tactics are perfectly legal, so your only
recourse to preventing them is to be alert.
The old bait and switch. You apply for a great credit card that
gives you tons of frequent-flier miles, hoping to put all of
your shopping on it, and then head to the Bahamas in February.
When and if you get that card, study the terms carefully. If
you don't qualify for the great card, the credit card company
can send you a completely different card with different
terms--without telling you. Visit www.amex-visa-mastercard.com
for a list of reputable credit card offers.
Cash advance fees and rates. Read the fine print on your
statement and you'll see it's a very bad idea to take cash out
on your credit card. Your card might have a really low rate for
purchases, but the rate for cash advances is much higher. And
there is no grace period--you start paying interest right away.
Aside from paying a high rate on the cash you take out, you're
going to pay a fee, usually 2 percent to 4 percent of the
amount advanced. And your payments will be applied to the
lower-interest balance before they are applied to your cash
advance. Don't get yourself into trouble with either of these
two mistakes ... read the terms of your credit card offers
carefully before you activate them.
About the Author: This article was written by Beth Pardue who
has over 10 years of experience in the financial industry
assisting clients with assorted financial needs. To learn more
about credit cards or to apply for a credit card online please
visit: Visit http://www.amex-visa-mastercard.com today!
Source: http://www.isnare.com
Thursday, July 12, 2007
Best Credit Card Machines 802
Credit Card Fraud - Part I
By Michael Russell
In this series we are going to cover one of the biggest problems all over the world. Credit card fraud.
For those who may not exactly know what credit card fraud is, a simple definition. Credit card fraud is the act of making a purchase using someone else's credit card information. Sounds like something that should be difficult to do. Unfortunately, it's not.
There are many types of credit card fraud, the most common we'll cover in this article.
First there is what is called "mail non-receipt fraud" which is when a new or replacement card is sent by the bank and never received by the person it was supposed to go to. This has been mostly combated by the banks sending out inactive credit cards where the person has to make a phone call in order to activate the card. Otherwise it can't be used. Unfortunately there are some banks that do not do this and still send out cards that are already activated.
Then there is what is called "chargeback fraud" where a legitimate cardholder uses the card to purchase goods or services. Then when the statement comes they call the credit card company and claim they never received the item or service or that they never authorized the transaction.
Another type of credit card fraud is called "skimming" where an employee or merchant makes a second copy of the person's credit card details before processing the payment. This copy is then sold on the black market to professionals who clone illegal copies of these cards. Fortunately, skimming has become less of a problem since the introduction of CVV and CVS codes. These are not encoded on the card strip but are physically written on the back of the card. This is a required three digit code to finalize all transactions. Without this code even a cloned credit card will not work.
Skimming at ATMs has also been a problem. What the illegally set up ATM machine does is place a skimmer device somewhere in the machine that reads the magnetic strip attached to the card. This is used together with various devices that monitor the keypad of the ATM by attaching a fake fascia over the original keypad. Fortunately, this is not as common today as it was years ago when ATM machines were relatively new.
Then of course there is "online credit card fraud" which is the most common type of credit card fraud today with all the transactions that people do each day. This type of fraud gets a little complicated but simply stated, when a person uses their credit card online, hackers monitor the person's entry into the merchant's system and essentially steal the credit card information without the person having any idea this is happening. Another way to get a person's credit card info online is to send an official looking email telling the person that they have to update their credit card info. They are sent a bogus link to go to where the info is collected and used for whatever purpose the scammer wants, whether to sell the info or use it to make purchases himself.
In the next article in this series we'll go into credit card fraud into more depth.
Michael Russell
Your Independent guide to Credit Cards
Article Source: http://EzineArticles.com/?expert=Michael_Russell
http://EzineArticles.com/?Credit-Card-Fraud---Part-I&id=123783
By Michael Russell
In this series we are going to cover one of the biggest problems all over the world. Credit card fraud.
For those who may not exactly know what credit card fraud is, a simple definition. Credit card fraud is the act of making a purchase using someone else's credit card information. Sounds like something that should be difficult to do. Unfortunately, it's not.
There are many types of credit card fraud, the most common we'll cover in this article.
First there is what is called "mail non-receipt fraud" which is when a new or replacement card is sent by the bank and never received by the person it was supposed to go to. This has been mostly combated by the banks sending out inactive credit cards where the person has to make a phone call in order to activate the card. Otherwise it can't be used. Unfortunately there are some banks that do not do this and still send out cards that are already activated.
Then there is what is called "chargeback fraud" where a legitimate cardholder uses the card to purchase goods or services. Then when the statement comes they call the credit card company and claim they never received the item or service or that they never authorized the transaction.
Another type of credit card fraud is called "skimming" where an employee or merchant makes a second copy of the person's credit card details before processing the payment. This copy is then sold on the black market to professionals who clone illegal copies of these cards. Fortunately, skimming has become less of a problem since the introduction of CVV and CVS codes. These are not encoded on the card strip but are physically written on the back of the card. This is a required three digit code to finalize all transactions. Without this code even a cloned credit card will not work.
Skimming at ATMs has also been a problem. What the illegally set up ATM machine does is place a skimmer device somewhere in the machine that reads the magnetic strip attached to the card. This is used together with various devices that monitor the keypad of the ATM by attaching a fake fascia over the original keypad. Fortunately, this is not as common today as it was years ago when ATM machines were relatively new.
Then of course there is "online credit card fraud" which is the most common type of credit card fraud today with all the transactions that people do each day. This type of fraud gets a little complicated but simply stated, when a person uses their credit card online, hackers monitor the person's entry into the merchant's system and essentially steal the credit card information without the person having any idea this is happening. Another way to get a person's credit card info online is to send an official looking email telling the person that they have to update their credit card info. They are sent a bogus link to go to where the info is collected and used for whatever purpose the scammer wants, whether to sell the info or use it to make purchases himself.
In the next article in this series we'll go into credit card fraud into more depth.
Michael Russell
Your Independent guide to Credit Cards
Article Source: http://EzineArticles.com/?expert=Michael_Russell
http://EzineArticles.com/?Credit-Card-Fraud---Part-I&id=123783
Monday, July 9, 2007
Best Credit Card Machines 802
Top Credit Card Mistakes
By Sandra Lovelace
When you’re dealing with credit cards, you’re playing with
fire. Unfortunately, there are plenty of people out there who
don’t realise that, and make all sorts of dangerous mistakes
with their credit cards every day.
Paying Late.
If you don’t set up any kind of automatic payment, then it can
be tempting to just put your credit card bill on a pile and get
to it when you have time. Before you know it, a few weeks have
gone by and you’re late. If you leave it to the deadline, you
might find that the payment won’t get there quickly enough –
it’s not a deadline for sending the money, it’s a deadline for
them receiving it.
Paying late is a big mistake for an awful lot of reasons. You
will almost certainly be charged a late payment fee, and your
late payment will go on your credit report for everyone to see.
You may also find that you lose any good rate you had, and your
debt is automatically thrown onto the very worst rate the
company offers.
To avoid late payment, you should always post your payment a
long time before the due date (at least a week). If you’ve left
it to the last minute, phone up and try to pay that way.
Being Taken in By Rewards.
It is never, ever worth getting a higher-interest card simply
because it offers some kind of loyalty points, flight miles or
whatever. Even if it offers a cash reward, it is unlikely to be
more than you would pay in extra interest – after all, why would
they give you free money? All ‘rewards’ do is pay you off with
your own money to make you feel like you’re getting something
for nothing. You’re not.
Collecting Cards.
Seeing some people opening their wallet or bag is a scary
experience. It looks like they have about a hundred credit
cards in there, some of which they haven’t used in years. They
have trouble keeping track of all the different cards, balances
and interest rates. Don’t be one of these people. You should
limit yourself to a maximum of three cards at a time – any more
starts to make you look over-committed in your credit report,
and could get you turned down for a bigger loan.
Maxing Them Out.
Your limit is just that: a limit, not a minimum! Whatever you
do, don’t get a card and immediately spend your whole limit.
This looks very bad. It is better to spend about halfway
regularly and pay it back. Wait for the company to increase
your limit (which they quickly will), and then you’ll get that
extra money without the stigma of having a maxed-out card.
Not Reading the Terms and Conditions.
Finally, as ever, don’t sign anything you haven’t read! I know
it’s hard going and you’re busy and all, but if you can’t
manage to read the terms and conditions then you shouldn’t get
the card. Pay special attention to any future increases in
rates, and what kind of fees you can be charged.
About the Author: Sandra is a credit advisor who has helped
hundreds regain their credit scores to respectable levels. Her
blog can be found online at http://www.mycredit-card.com.
Source: http://www.isnare.com
By Sandra Lovelace
When you’re dealing with credit cards, you’re playing with
fire. Unfortunately, there are plenty of people out there who
don’t realise that, and make all sorts of dangerous mistakes
with their credit cards every day.
Paying Late.
If you don’t set up any kind of automatic payment, then it can
be tempting to just put your credit card bill on a pile and get
to it when you have time. Before you know it, a few weeks have
gone by and you’re late. If you leave it to the deadline, you
might find that the payment won’t get there quickly enough –
it’s not a deadline for sending the money, it’s a deadline for
them receiving it.
Paying late is a big mistake for an awful lot of reasons. You
will almost certainly be charged a late payment fee, and your
late payment will go on your credit report for everyone to see.
You may also find that you lose any good rate you had, and your
debt is automatically thrown onto the very worst rate the
company offers.
To avoid late payment, you should always post your payment a
long time before the due date (at least a week). If you’ve left
it to the last minute, phone up and try to pay that way.
Being Taken in By Rewards.
It is never, ever worth getting a higher-interest card simply
because it offers some kind of loyalty points, flight miles or
whatever. Even if it offers a cash reward, it is unlikely to be
more than you would pay in extra interest – after all, why would
they give you free money? All ‘rewards’ do is pay you off with
your own money to make you feel like you’re getting something
for nothing. You’re not.
Collecting Cards.
Seeing some people opening their wallet or bag is a scary
experience. It looks like they have about a hundred credit
cards in there, some of which they haven’t used in years. They
have trouble keeping track of all the different cards, balances
and interest rates. Don’t be one of these people. You should
limit yourself to a maximum of three cards at a time – any more
starts to make you look over-committed in your credit report,
and could get you turned down for a bigger loan.
Maxing Them Out.
Your limit is just that: a limit, not a minimum! Whatever you
do, don’t get a card and immediately spend your whole limit.
This looks very bad. It is better to spend about halfway
regularly and pay it back. Wait for the company to increase
your limit (which they quickly will), and then you’ll get that
extra money without the stigma of having a maxed-out card.
Not Reading the Terms and Conditions.
Finally, as ever, don’t sign anything you haven’t read! I know
it’s hard going and you’re busy and all, but if you can’t
manage to read the terms and conditions then you shouldn’t get
the card. Pay special attention to any future increases in
rates, and what kind of fees you can be charged.
About the Author: Sandra is a credit advisor who has helped
hundreds regain their credit scores to respectable levels. Her
blog can be found online at http://www.mycredit-card.com.
Source: http://www.isnare.com
Friday, July 6, 2007
Best Credit Card Machines
Credit Card Processing
By [http://ezinearticles.com/?expert=Sarah_Freeland]Sarah Freeland
If you are a business owner without the ability to accept credit cards, it’s time to take a look at credit card processing. In this day and age, it’s almost necessary to accept credit cards in order to compete with the rest of the business world. Whether you own a retail shop, an online store, or a service business, the ability to accept credit cards will increase your client base and your profits.
In order to set up your business for credit card processing, you need to acquire a merchant account. Many companies offer merchant accounts, so do your research when selecting one. The fees involved will vary from one company to the next. After you have set up your merchant account, you will need to purchase a credit card reader. These are available in many styles and can be as affordable or advanced as you need.
If you are a business owner with an online store or an e-commerce component to your in-person store, then the process for setting up your business for credit card processing is a little different. When conducting payment processing via the internet, you need a merchant account that is compatible with this process. Paypal is the most popular online merchant account today and offers low fees and ease of use.
In addition to having a merchant account, online credit card processing requires a payment gateway. Payment gateways are internet portals that encrypt sensitive information for transmission. They are the component that makes shopping online safe. Many merchant account providers offer payment gateways with their internet accounts, so make sure you learn all you can before you select one.
Looking to promote your online business? Visit the [http://www.archetype-development.com ]internet promotion experts at Archetype Development. Check out the [http://geekcrushers.blogspot.com/ ]geek blog to see our story. While you are at it, submit your site for free to our [http://www.phillyfirstonthefourth.com ]search engine friendly directories.
Article Source: http://EzineArticles.com/?expert=Sarah_Freeland http://EzineArticles.com/?Credit-Card-Processing&id=619632
By [http://ezinearticles.com/?expert=Sarah_Freeland]Sarah Freeland
If you are a business owner without the ability to accept credit cards, it’s time to take a look at credit card processing. In this day and age, it’s almost necessary to accept credit cards in order to compete with the rest of the business world. Whether you own a retail shop, an online store, or a service business, the ability to accept credit cards will increase your client base and your profits.
In order to set up your business for credit card processing, you need to acquire a merchant account. Many companies offer merchant accounts, so do your research when selecting one. The fees involved will vary from one company to the next. After you have set up your merchant account, you will need to purchase a credit card reader. These are available in many styles and can be as affordable or advanced as you need.
If you are a business owner with an online store or an e-commerce component to your in-person store, then the process for setting up your business for credit card processing is a little different. When conducting payment processing via the internet, you need a merchant account that is compatible with this process. Paypal is the most popular online merchant account today and offers low fees and ease of use.
In addition to having a merchant account, online credit card processing requires a payment gateway. Payment gateways are internet portals that encrypt sensitive information for transmission. They are the component that makes shopping online safe. Many merchant account providers offer payment gateways with their internet accounts, so make sure you learn all you can before you select one.
Looking to promote your online business? Visit the [http://www.archetype-development.com ]internet promotion experts at Archetype Development. Check out the [http://geekcrushers.blogspot.com/ ]geek blog to see our story. While you are at it, submit your site for free to our [http://www.phillyfirstonthefourth.com ]search engine friendly directories.
Article Source: http://EzineArticles.com/?expert=Sarah_Freeland http://EzineArticles.com/?Credit-Card-Processing&id=619632
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