My sister is very much into reviewing various credit card offers in her mail. The offers are timely since she is considering getting another card that can help her manage her finances. Smart that she is, she wants to fully understand the concept even if she has to go over the application again. I say that is a good step because I know that she does not want to ruin her good credit rating because of one misstep. She also knows that by comparing offers, she can land on the best possible option.
One of the common terms she looks out for in the credit card offers is known as Annual Percentage Rate or APR. This is the cost of credit … (more) March 13, 2010

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There is a significant increase in the popularity of prepaid cards. This phenomenon was greatly noticed in the past years. The demand for these alternatives increased so much that transactions possibly reached $7.2 billion in a year. Even employers joined the bandwagon and started issuing cards rather than a paycheck. Prepaid cards are re-loadable spending plastics that also carry Visa and MasterCard logos, but are not considered a debit or credit card, not even gift cards. Users need not open a bank account nor apply for a credit line. Just add money and it works the same way as credit or debit cards. Hence, if you are not too sure about opening a bank account or you maintain that a … (more) March 12, 2010

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Single women need not worry about getting good credit for themselves. However, once a lady marries, the credit becomes conjugal responsibility. I know of someone who was emotionally shattered when she divorced and even more so financially because it was the husband who handled their money. She was at the ex-husband’s mercy and had to rebuild credit for her own. Being married for more than twenty years, she had to re-learn the basics of credit because statistics say that more women are bound to commit the mistake of having unstable credit rating.
In my research, I found experts’ advice noting the ways women can build good credit. One, avoid rushing it by starting small and few. Creditors will take it as … (more) March 11, 2010

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Every adult in America is most likely carrying a credit card in the wallet. In fact more than 70 million people are using the plastic for transactions. That is too big a number to also say that these people are prone to be victimized by fraud and identity theft as well. Truth be told, scammers are just right there waiting for the next one to con.
If you worry about your credit card and your identity, then you might find these tips handy to keep you protected:
•    Never carry all your cards when you leave the house. Carry only the ones you need and keep the rest in a safe place at home. This way, you are able to track all … (more) March 10, 2010

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A secured credit card they say is the answer for those who have no credit history at all or for those whose credit rating is not too great. A secured credit card is provided for those who can afford to put in a cash collateral deposit that will serve as the credit line. Some banks even offer a percentage atop that amount as a limit. You as the card holder may charge up to the amount of your collateral deposit and you may also have an option to increase credit line. The collateral deposit may vary among banks – usually between $300 and $500 in deposits. There are times when you are awarded with additional credit line without depositing more … (more) March 9, 2010

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Years ago, when I needed to finish my thesis for my degree, I had to find an interviewee that will give light to some business tricks. Fortunately, my dad’s friend has his own company that does well to this day so I did not have a hard time finding a subject. One of the lessons he learned during his start-up days was to apply and use business credit cards the sensible way. These cards are actually great tools for the business but also must be used responsibly just like personal cards.
Business credit cards help build your company’s own credit history, your company being a separate entity. A good credit rating puts your reputation in a good light for your creditors … (more) March 8, 2010

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