Archive for June, 2012

Students – Learn How to Be Careful With Debt

Originally posted 2010-02-23 12:41:04. Republished by Blog Post Promoter

If you’re going to college or you plan on attending college in the near future, there’s so much to plan for, it makes your head spin. From moving everything from home to your dorm to learning new faces and locations, it really can be stressful. The last thing you want to hear about is your finances and how to run them. Well, today I’m going to just going to show you a quick rundown on how you can manage your credit properly and how you can be as careful as possible so that you can avoid that hole we call debt.

Credit can be a very dangerous area if you don’t know how to use it properly. If you don’t know how to manage your credit card, you can get yourself into some serious trouble down the road. This trouble can include denied home mortgages, denied auto loans, and many other things that are affiliated with your credit score. This is why when you get that piece of plastic; you have to treat it like it’s your first child. Well, not your first child but as your financial future.

Protecting your future is actually a little easier than you think and it only requires a few simple steps. It requires that you have spending discipline and that you’re also an organized individual. If you can agree that you’re both of these, you’re already on the right path. I’ll explain why you need to have both of these in your back pocket when it comes to your financial future.

Being organized – When you think of being organized and your credit, you probably don’t see how both of these mix. Instead, you probably think that they aren’t related at all. Well, they are and I’ll explain to you how they are. Every time you make a purchase with your credit card, most people just tend to forget about it and spend even more with their credit card. This is where the trouble begins. When they get that bill in the mail, they forget all about spending their money at that particular place. The best thing to do when making a purchase is to write everything down or constantly check your online account. You need to make sure you know how much you’re spending, so that you don’t go over your planned budget.

Spending discipline – Discipline ties in with the organization skills. Just because you have a piece of plastic in your wallet with a thousand dollar credit limit, this doesn’t mean you have to go out and blow it. This is money that you have to owe. In the long run, you have to picture your credit card as if it were cash. If you can keep this type of mindset, you can spend very wisely with your credit card. If you find you can’t keep this mindset, a credit card may not be for you.

Being careful with credit is very easy. The only reason people go into debt is because people go down that road. It’s your fault if you get into debt and don’t expect anyone to get you out if you find yourself getting into trouble. Remember, only you can prevent debt.

Start your credit today with student cards and find more of Tom’s work at FINDcollegecards.

Article Source: ArticleSpan

Originally posted 2012-02-06 13:27:06. Republished by Blog Post Promoter

If the thought of having instant credit card approval for a vacation, for an emergency, or just to repay financial debt very quickly then you need to keep reading. There are actually tips on how to obtain instant credit card approval that are super easy, easy as well as quick.

For that reason, whatever the reason is that you need to have an instant credit card approval you will be happy to know it will be easy. The most convenient as well as quickest approach is on the net. You will, certainly, make an application form mail it by regular mail and wait up to six weeks for just a response or you can search online and apply and get accepted in just a minute or so. Additionally you can call the credit card company on the phone, just to hear them tell you to apply on the web in their internet site or even to fill out the application and then send it through the mail. Hence which is less difficult? Browsing online, certainly, is really the least strenuous of all options.

The most effective way to acquire an instant credit card approval will be to enter the exact terms, with quotes across the phrase in a search engine such as Google. You will find several pages of credit card organizations featuring instant credit card approval. You now won’t have any thought of which one to consider first.

The ideal way to shop around to get an instant credit card approval would be to check out a web site that does reviews for you. They will have a chart with every credit card provider with the various rates they demand, any kind of opening offers, APR rates, cashback awards, air miles, once-a-year fees, balance transfer fees and so on and so forth. You now could review each and every credit card corporation so discover which one far better matches your thoughts for the instant credit card approval.

These instant credit card approval businesses work with the web as well to determine if you’ve got the requirements to allow them to supply you with a credit card. They seek the 3 major credit reporting agencies database to find out what your credit standing is at this time. If your credit rating is poor or you don’t have any credit score it’s going to be tough, but not necessarily unachievable, so as to get accredited for a quick credit card. Additionally, remember that web sites do stop working every now and then and they may not be able to obtain the details they require to take on your application.

The main thing that you should remember is not to apply at several credit card organizations all at once; this could look bad on your own credit profile. Of course, always be sure to carefully examine many offers before making your selection. You definitely don’t desire to be caught shelling out high interest rates if you really require a small interest rate. Find out how to utilize the resources accessible on the internet to assist you to find the best possible instant credit cards to suit your own lifestyle and then apply. Then, it will be easy to have fun with your instant credit card approval as well as begin reaping the benefits.

To figure out if a Credit Card is definitely the suitable answer for yourself, Robert Alan recommends that you check out CreditCardAssist.com.

Originally posted 2010-02-27 21:00:18. Republished by Blog Post Promoter

This article is a must for anyone considering debt settlement but doesn’t really understand it. It explains exactly how it works and why it’s probably not for you. It will hopefully clear up all misunderstandings, and answer all existing questions.

In general terms, debt settlement refers to a process by which you or a representative negotiates with a creditor to get any, or all of;

a) a reduced interest rate b) a lower balance or forgiveness of debt c) a reduced monthly payment

The above states what debt settlement sets out to achieve and the following describes the ins and outs of the process.

1) You will need cash to make debt settlement work, and if you don’t have any then forget about debt settlement.

2) You won’t be offered a payment plan, but will have to pay a lump sum to either the creditor or his representative.

3) Settlements of debts will most often range between 25% to 70% on the dollar depending on the creditor.

4) But some credit card companies may offer as little as a 10% reduction and will simply say, "take it or leave it", and some lenders won’t offer a deal at all.

5) The best time to start the debt negotiation process is when you are three to four months delinquent because many lenders won’t even discuss the issue if you’re current. You should therefore expect to receive at least two months of letter and phone harassment before you instigate the procedure.

6) Credit card companies and collection agencies make it difficult and frustrating to talk to somebody in authority, so expect to be kept on terminal hold for hours upon hours.

7) Creditors have little or no interest in how much you owe other lenders, and are only interested in getting the highest settlement amount that’s possible. This makes the handling of multiple accounts, which you almost certainly have, very difficult and very frustrating since you’ll more than likely have to go back to lenders several times in order to work out deals that will satisfy all of them.

8) You will be put under a lot of pressure to move quickly, and you will be asked time and time again to wire money within a few hours. The thinking behind this is that it will increase your stress and result in the recovery of money.

9) In spite of the pressure that you’ll be put under, you will have to insist on getting any and every deal in writing before you make any payments because if you don’t, you’ll more than likely get demands for more money.

10) Your credit score will be very adversely affected.

After reading all of the above, you may understandably be tempted to get a debt settlement company to handle the negotiations for you, and there are of course debt settlement agencies that are reputable and reliable, but be careful.

The present economic crisis has spawned a whole host of new companies that often know less far less than is written here about debt settlement, and there are many others that are out and out rip-offs.

Never even consider paying a debt settlement company an upfront fee or any kind of deposit, and always be sure to check out a company with the Better Business Bureau before you sign anything at all.

My personal opinion is that the vast majority of lenders have little or no interest in debt settlement, and would much prefer to simply extend a little more credit in order to ensure that the borrower keeps making endless minimum payments, and incurs ongoing finance charges.

Scores of excellent credit counseling agencies exist however, and many of the best ones will even handle debt settlement. They’re inexpensive, and if you have debt problems and haven’t tried one, then please do so right away.

The author of this article was a film producer, and award winning film sound editor for many years. He has a passion and a flare for economics, and one of his websites -> http://pay-off-debts.org features the famous Get Free In Three system which has helped a huge number of people get out from under suffocating debts.

Article Source: ArticleSpan

Good Debt, Bad Debt, Get Out of Debt!

Originally posted 2010-03-15 23:59:52. Republished by Blog Post Promoter

Everyday people come to me with questions about how to get out of debt. As a motivational speaker, I focus most of my education upon successfully living your loves, goals, and defining your life mission. Nothing seems to get more in the way than debt. Debt has crippled our nation from the biggest financial wizards on Wall Street to the average citizen taking out a line of credit for just $500.

You’ve heard me say it a million times, "all debt is bad debt." But I know there’s more to it than that. I can’t tell you that I’ve turned down investments in real estate, and I certainly can’t say that I’ve done it without taking a mortgage. One of the things that I find happening over and over is that people in debt start to lose their motivation to live their life mission. The guilt of debt is debilitating.

Even if your debts are turning out a positive cash flow, the need to get out of debt becomes vicious cycle where the investor becomes his own debt slave. I hardly think this was a part of the plan for anyone that decided to make an investment by going into debt.

The thing about debt that I’d like to distinguish is the difference between "good" debt and "bad" debt. Good debt happens when the interest that you recoup from the investment makes more money than the interest rate you are paying on the debt. Sometimes, this is referred to as negative and positive cash flow in real estate.

For example, let’s say that you put a mortgage on a rental property with a 5% interest rate. The return on the rental property could be 12%. That means that your rental property is making a 7% interest. This is good debt.

Educational debt is another investment considered "good" debt. Education is one of the easiest ways to get out of debt over the long term. Let’s say you take a course on web design or PowerPoint. You have just made an investment in your future. The chances of getting a higher paying job are a lot better when you increase your education.

To tell if this is a good return, gage this by how long it takes you to earn back the money whether it is a raise or new business venture. Things like a college education will take longer to see a return on than a weekend seminar on utilizing social networking properties. On most of my educational ventures, I tend to gravitate towards educational investments that I think will pay themselves off within 90 days to determine if it is worth the investment.

Approaching "bad" debt, generally these are consumer goods that tend to focus more on someone buying material goods and putting them on a high interest credit card. Most of these material purchases end up being bad decisions because we really can’t afford to buy them, but we feel like we deserve them. This sense of entitlement is the kind of "bad" debt that will stand in the way of accomplishing your goals and fulfilling your life mission. You must drop this sense of entitlement to get out of debt.

www.giftfromraymond.com has been teaching his true wealth secrets for over a quarter-century so you can double your income doing what you love.

Article Source: ArticleSpan

Originally posted 2010-03-21 06:55:51. Republished by Blog Post Promoter

Millions of Americans have found themselves trapped in the financial crisis of the last two years. The toll it has taken is enormous, whether from people losing their homes, finding themselves out of a job and mired in debt, having their retirement savings cut in half, or facing a substantially lower standard of living. Besides the financial impact, it has also robbed people of their feeling of self-esteem and their hope for the future. Many families have made "Get out of debt" one of their primary goals.

Depending on how serious their financial difficulties are, it may take years for many of these individuals to fully recover, but there are ways to accelerate the healing process. And it’s not simply a matter of healing families’ balance sheets, but also healing their hearts and psyches as well. This has implications for the U.S. economy as a whole, because faith in our nation’s future has been a perennial driving force in creating and sustaining economic growth and prosperity.

A good first step to take in the healing process is:

Don’t get caught up in the endless cycle of media gloom and doom.

The press has clearly contributed to the national financial crisis by constantly emphasizing the worst possible statistics. This is particularly dangerous when it becomes a self-fulfilling prophecy. Individuals and businesses become frightened about their future and decide not to make purchases or investments, with the result that the economy contracts even further.

The housing market is a perfect example of this. Think about the headlines in recent months that screamed, "Home values fall by record levels!!!" Four or five years ago, do you remember any headlines that said, "Home values rise by record levels!!!" or "A trillion dollars of wealth created for American homeowners!!!" Of course you don’t. Because at that time all they had to say was that home affordability was dropping by record levels, and they lamented that if the uptrend in home values continued, soon the middle class would not be able to buy a home anymore. A rising housing market was great news for the majority of Americans. Somehow the media didn’t see it that way.

One strategy for healing is to cut down on the consumption of excessively gloomy, toxic news. This doesn’t mean it is advisable to adopt the posture of an ostrich and disengage from the world around us; it just means don’t let yourself be inundated with this relentlessly bad media spin at all hours of day at work and at home. Concentrate on your own efforts at financial recovery, and don’t let the negativity in the news media bring you down. According to the media the old saying no news is good news should be good news is no news. Keep track of what’s going on the financial world but don’t become mired in it.

Focus on the upside of how you’ll feel when you finally get out of debt. The freedom from worry, sleepless nights, and creditors calling are well worth the belt tightening you may have to do.

More tips and hope to get out of debt Brian Hill is the author of several nonfiction books, the founder of Profit Dynamics Inc., a management consulting company focusing on business planning and venture capital. He also is a screenwriter. Brian is a contributor to Credit Card and Debt Management

Article Source: ArticleSpan

Understanding the Actions of Credit Card Processing

Originally posted 2011-12-12 03:02:05. Republished by Blog Post Promoter

When a person hands more than a bank card to a merchant, or enters their bank card info online, they have tiny information of what occurs. All they see could be the charge that appears on their statement. The truth is that far more is going on behind the scenes during your common bank card processing. Let’s look on the steps taken by the common online buy. These Instant Approval Cards are excellent!

Prepared, Set, Charge

The purchaser finds what they wish to buy and, using an HTML kind, enters their name, bank card info, shipping and billing addresses and so on. After the kind is completed appropriately the purchaser submits the data and it heads out for the server for processing.

Processing the Submitted Data

The server receives the knowledge and evaluates that almost everything is filled out appropriately and checks for any code that tells it exactly where to forward the incoming request. The server then converts the data to a kind which the gateway will comprehend and moves the knowledge for the gateway. The code also confirms whether or not the bank card is valid and when the transaction can be processed.

Getting into the Gateway

After the knowledge reaches the gateway the card is validated along with the user’s account is checked to create confident that the necessary quantity is available. If almost everything checks out then an approval code is supplied – and if there exists an issue, the card is declined.

For providing this service the merchant is charged. The charge can be assessed per-transaction or on a monthly basis, based upon the arrangement in between the merchant along with the service provider.

Transactions are batched on the gateway. Periodically, generally once a day, they are sent on for the clearinghouse. A clearinghouse can be a large card issuer such as Visanet, Global or Nova. The clearinghouse determines the kind of card employed along with the financial institution which issued the card.

Accountable for transferring income from financial institution to financial institution, clearinghouses take two to five % of each transaction. They move the money in the buyer’s account for the merchant’s account.

The Merchant Gets Paid

The final step inside the process happens right after the merchant’s financial institution receives the funds by way of the clearinghouse. The financial institution then transfers income in for the merchant’s Card Not Present account.

Why You need to Know

The two as a purchaser as well as a merchant it truly is important to understand the process. It might take a number of days for any transaction to move in the pending list for the accepted list and should you want funds to move speedily as a merchant, this may assist you to choose a company that batches more frequently; for example. As a purchaser, it clarifies why you may should wait a few days to find out your order shipped.

Figuring out what sort of bank card companies you choose, as a merchant, will depend on quite a few factors, numerous of them financial, but time can be a important asset as well.

Selecting a Provider

When you search for bank card processing companies as a merchant, especially 1 involved with ecommerce, you should take a superb look in any respect the costs you are going to encounter. A enterprise that helps make numerous modest revenue everyday will do far better having a monthly charge, whereas 1 that helps make fewer but bigger revenue may opt for a per-transaction arrangement.

Gateway charges could also add up speedily. The variation in between 2% and 5% is dramatic if you do $10,000 really worth of enterprise within a month. Make a spreadsheet to examine two or three offers and pick the 1 that’s best for your company.

Opening your personal enterprise is an exciting and risky endeavor. Charge card acceptance is vital should you are going to serve a broad client base and finding online can make the variation in between good results and failure.

You might find that you just want two service providers, 1 for that World wide web and yet another for your physical retailer, but you are going to only find that out by undertaking the math. Remember that you’re the consumer, and barring uncommon conditions, you are going to be able to find an arrangement that suits your demands.

Michael Rupkalvis owns the Transaction group. The Transaction Group offers bank card processing and also other companies such as web merchant account answers for all sorts of organizations. Instant Approval Cards is yet another excellent supply of info.

Drastic Debt Measures

Originally posted 2010-03-24 10:59:37. Republished by Blog Post Promoter

You probably know all about the different ways to reduce debt, but what if these ways are not enough? If you feel like you’re swimming against the tide, even though you are paying your debts off as much as you can each month, it might be time to take some drastic debt measures.

Measure Number I: Cut your household expenses. You don’t really need to have the biggest and best cable package, do you? You’d be surprised at how much money you can save just by cutting your utilities a bit.

Measure Number II: Consider a part time job. Even if you only make an extra $400 per month, this small amount will mean a great deal when it comes to paying your debts off.

Measure Number III: Stop smoking, buying coffee, and eating out. If you watch your lifestyle habits (just for a little while), you can begin to put saved money towards debt.

Measure Number IV: Think about moving. This is a drastic measure, but if you’re paying $900 per month for your apartment, just think about how much money you could save if you downgraded to a $500 per month place. Measure Number V: Sell, sell, and sell. Do you have any items that might be worth some money? What about stock options that you can sell? Any extra cash that you can put towards debt will be well worth it. If you can sell anything, go ahead and make the move – you’ll be glad that you did!

Measure Number VI: apply for a debt consolidation loan. If you’ve tapped out all the other resources mentioned in this article, then maybe it’s time to consolidate your debt. Even those with poor credit can obtain a secured consolidation loan such as a car title loan. A loan will help you to pay off multiple creditors and allow you to make one payment per month to one creditor instead of multiple payments to multiple creditors making debt repayment much more manageable.

Money can be found in the unlikeliest of places. Take a look around you – have you used all of your available resources? Think about the recommendations listed above – have you tried any of them? If not, what are you waiting for?

You won’t get out of debt by paying the minimum monthly amount. Instead, you will have to live frugally for a little while in order to pay back some of the money that you owe. While these sacrifices may seem drastic right now, when you are debt-free you’ll look back and think: "I’m glad that I took drastic debt measures!"

For more information about car title loans, please visit our websites http://www.bhmcash.com or http://www.bhmfinancial.com .

Article Source: ArticleSpan

Understanding A Consumer Debt Relief Program

Originally posted 2010-02-03 12:39:27. Republished by Blog Post Promoter

When someone is facing debt that they just can no longer maintain, it can be hard to pick which consumer debt relief program to go with as there are often so many of them out there to pick from. Each consumer debt relief program states that they can have you debt free in no time but can they all really do that and who has the better plan in order to even try and make that happen? The only way to find out for sure is by contacting each one individually and talk with them about your personal situation. While each consumer debt relief program has their own way of doing things, they all have the same intentions in mind and that is to make you debt free.

Selecting the specific consumer debt relief program that will work for you can be hard, as they will all naturally sound great. But what you need to do is to try and think ahead into the future a little and try and picture if that particular consumer debt relief program will still be of help to you. If it seems like it would be too hard for you to keep up, then you will want to try and look for another option. What may work well for one person is not going to work for everyone as everyone has different financial obligations and everyone’s lifestyle is different.

Personal Experiences

A good way to see what companies offer the best consumer debt relief program, is to see what other people are saying about their services and I am not talking about what the companies put in their flyers as customer testimonies. You want to search the Internet by typing in the best keywords possible and read up on the personal experiences of other people. With just about everyone having a blog, it is becoming much easier to see what other people went through with a particular company or service. It is no longer as easy as it once was to hide the facts of bad customer service as customers are taking a stand and speaking up in order to warn others.

Now while you have to remember that not every single consumer debt relief program will work for everyone, you also have to remember that maybe someone picked the wrong type of consumer debt relief program and that is why his or her problems were not solved. There is always going to be someone who is unhappy with their consumer debt relief program so what you want to look for is a lot of people complaining about the company, not just one. So by taking a little bit of time and researching companies, you can save yourself a lot of trouble because you were able to learn from someone else’s mistakes.

For more information about debt relief please visit my Debt Relief Concepts website where you can find more articles and information about consumer debt relief program

Article Source: ArticleSpan

Originally posted 2010-03-07 09:59:48. Republished by Blog Post Promoter

A common problem faced by low income earners is how to pay off their current debts on their current income. While the task may seem too tough, there are a number of things you can be doing to make it a whole lot easier.

The first thing you need to do is add up all your debt. In order to get out of debt, you need to know how much you owe. Make a list of your creditors and the amount you owe noting what needs to paid off first. Listing them in order of importance such as rent, food, and utilities can help you decide how to divide your payments.

If you have urgent debts that need to be met, selling off some items can relieve some pressure. In virtually every house across the country, there are goods that have not been used in years. By selling these either online or at a garage sale, you will get a short term cash injection that can be used to pay off some debts.

You might have to sell off some assets like your car or even your home. Renting can end up being cheaper in the long run as many apartments do include utilities in the rent. Selling your car can give you some cash especially if you are on a public transit line and can still easily get around. This also saves on gas and insurance costs as well as car payments. If you need a car, buy a used car and if you can, pay it off right away to avoid those monthly car payments.

It might be a good idea to look for a second job that you can work around your current employment. The best way to do this is by analyzing what skills you have and how you could best put these to use in a part time job.

One strategy is to pay off in full your smallest debts first, leaving you with more money to service the larger debts. You still need to make sure you are meeting your minimum payments on credit cards or other loans.

Finally you need to work out a budget and stick to it like glue. Having a plan is no good if it doesn’t get used. Always try to put away at least a little bit of money as savings – you never know when a rainy day fund will come in handy.

Jared Wright is the marketing manager of Clivir.com – the free learning community site. You can learn more about debt relief such as free debt consolidation services by clicking the links: http://www.clivir.com/classrooms/show/what-is-debt-consolida tion-how-does-debt-consolidation-work.html http://www.clivir.com/lessons/show/are-there-free-debt-conso lidation-services.html

Article Source: ArticleSpan

Advice On Fixing Your Damaged Credit Report

Originally posted 2012-03-10 00:39:29. Republished by Blog Post Promoter

Having terrible credit can affect your daily life in a number of ways. It’s harder to own a home and interest rates are higher on cars, insurance and a number of other purchases. If you’ve had a hard time keeping your credit rating up, here are a few tips to get your credit back in good shape.

Always pay your bills on time. Not paying your bills(fdcpa guidelines) on time will cause needless late fees. There’s no need wasting money on fees by simply paying bills when they are due. Be in charge of your finances, pay your bills on time, and don’t throw your money away on late fees.

An important tip to consider when working to repair your credit is that you should try to never just pay the minimum due on an account. This is important because not only of the duration that it will take to pay off the amount, but also because of the amount of interest you will end up paying by prolonging the loan.

An important tip to consider when working to repair your credit is the fact that correct information can never be removed from your credit report, be it good or bad. This is important to know because many companies will claim that they can remove negative marks from your account; however, they can not honestly claim this.

Repairing your credit without going through an expensive credit repair agency is rather simple if you know what to do. Write to the three credit bureaus and request they remove any negative items. You might have to try this multiple times but, with a little persistence you can get these items removed.

When you are in communication with a credit reporting agency it is extremely important that you be honest with the person that you are dealing with. There can be serious legal troubles if you do not. Dishonesty will also result in your credit report staying exactly as it is.



If you are working to repair your credit stop charging to your credit cards. Increasing your debt will only hurt your credit in the long run. Make changes to your spending to only purchase the things you need. Lowering your debt will improve your credit so if you do not cut up your cards at least stop using them.

Having a bad credit(how to avoid paying debt collectors) rating can be difficult, but not impossible to remedy. Start by consistently paying all of your bills on time, including paying at least the minimum balance on your credit card bills. Your credit score is constantly changing. It takes a while to raise it, but it will pay off in the long run.

Repairing your credit can give you a whole new lease on life. Use these tips to fix your credit over time so that you are once again able to take advantage of good interest rates that others get. Repair your credit and be able to live your life once again.

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