October 24, 2009, 9:13 pm
You have to be willing and able to take the time to research those cards that tout that they can help those with bad credit to make sure that they really can do what they say or if they are simply trying to reel you in. You really have to watch out for predatory marketing practices. They’ll get you.
Tip #2: Read everything about the card – You will start to get these offers for credit cards with bad credit once you start looking and filling out forms. When you get them, you need to take the time to read every little detail on them – including the fine print. The devil is in the details, and you may find that there are some hidden things that you don’t care for.
September 23, 2009, 3:16 pm
Are you in over your head with credit card debt and need help to reduce your debt? You may feel too embarrassed to ask someone for help, but there are millions of people who are in the same boat as you.
Credit card companies have been raising interest rates with reckless abandon, causing customers just like you and me – customers who have made payments faithfully on time for years – to fall behind and get into trouble. Some creditors, like Chase, are even raising minimum payments when they aren’t even raising the interest rates!
If you are struggling with increasing APR’s and rising monthly payments, there are legitimate ways for you to get help. If your credit score is high (greater than 720), and your balances are low in relation to your credit limits, you may still be able to call your credit card company and get lower interest, which translates to a lower monthly payment for you.
Unfortunately, this options is becoming more and more rare. If you are unable to get a reduction in interest on your own, consider speaking to an accredited, non profit credit counselor. The counselor might be able to help you get lower interest and payments on your credit cards, allowing you to get back on your feet and get out of credit card debt.
September 22, 2009, 1:26 am
If you are having trouble with credit card debt then you will know how frustrating it can be to have this hanging over your head. And its not just the fact you owe some faceless corporation all that money. The real problem is often the interest payments which are so large that you never actually pay any of your debt off even though you are giving them cash every month. You make your repayments and notice the money owed is the same every month when the new statement comes through the door.
One partial solution to this problem is to get yourself a zero percent credit card and transfer all your debt onto that. This will give you an interest holiday for up to 12 months when you only have to pay back the money you owe without the horrible interest being accrued every month.
September 10, 2009, 3:10 am
Many people have reservations about buying things online, they think they will be a victim of credit card fraud or something like that. I can tell you that the chances of being a victim of such crime is very slim, but if you are not convinced you might want to try buying a virtual credit card form one of the many suppliers out there.
Virtual credit cards were produced for people who are scared to use plastic Online but are also good for those who are too young to get a real credit cards. Charges on these products are a bit higher than your regular cards but for the peace of mind they deliver you might be willing to pay that little bit extra.
If you are interested in such things then all you have to do is search for “prepaid credit card” on Google and you will find all the information you need to get started.
August 29, 2009, 8:07 am
Be smart when you use your credit card. Don’t be a careless spender. Even if you can get hundreds of dollars in cash back, it doesn’t make much of a difference if you are being charged a ton of interest. Ultimately, it will cost you more than not using a card and you will not save a dime on gas. Make sure you always pay off your balance in full each and every month if you really want to get the qualities of the card.
Don’t be an idiotic credit card user. Instead, continue to save money. It will make you happy. Don’t be shaken if your life improves greatly. Don’t be stupid with a credit card unless you like to cause trouble. Continue to pay off the balance and steer clear of late payments. You will be much happier if you are accountable with your wealth.
July 24, 2009, 2:53 pm
The first step to getting out of debt is to stop creating debt. Before you consolidate credit card bills or take out a loan to pay off outstanding debt, you have to stop making more of it. This may sound elementary and obvious, but the reason you got into credit card debt was because you made too much of it and cannot pay it back. This means that you absolutely, positively have to stop using your credit cards. Without doing this, you will only be treading water with your debt and never really getting anywhere. Leaving credit cards at home and putting them somewhere that you will not attempt to get them will help, but it is up to you and your will power to totally stop creating more debt.
