Not only is one’s income the main deciding factor for credit card companies to approve a credit card application. One’s credit rating is what determines whether a person gets approved of a card or not. With a credit report, credit card issuers will see all the loans you’ve had in the past and all the credit cards you own and whether you were able to manage repaying them. When payments were made on time, then that’s good for your score.
A good credit gives you an assurance of another or a new credit card. But what if you’ve had a bad rating or never had a credit before is this indication that you should stop desiring for a credit card?
While you … (more) January 27, 2011

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Credit card companies lay different requirements in the approval of a credit card application. Aside from the credit history, the also consider the age. With the old law, individuals who have reached twenty-one are given the right to credit card ownership but with the new law being applied now, unless you can show proof of income or be able to convince a parent as a co-signer so in case payments are not made, there is someone who will take responsible for it.
One of the financial worries of most Americans is their monthly burden of credit card bills. There had been a lot of households who have lost some of their properties due to unpaid debts. It is important then for … (more) January 19, 2011

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Prepaid cards are good replacements to credit cards especially when you don’t want to get stuck in a great deal of debts. Credit cards are commonly used for renting cards, reserving rooms in a hotel and even booking for a flight. But basically, charging through credit cards will add up to your debts and it even accumulates interest charges, therefore adding more debts. Here’s where prepaid cards can prove to be more beneficial than credit cards.
Prepaid credit cards are branded with Visa, MasterCard and American Express. They can be loaded with money and may include benefits such as gifts and discounts. The good thing about these cards is that they can be accepted in stores who also accept credit cards.
How … (more) January 7, 2011

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One of the most unsightly things you may have around the house is unfortunately one thing take forever to clean out. A mounting pile of credit cards with ever-increasing amounts forebodes the hellish task and sadly, reality of eliminating incurred debts and balances. It might surprise, you, however, that with a little bit of work, patience and determination, you can slowly eat away at hose debts towards realizing your goal of  easier, balance-free living. The elephant in the room, of course is that current card debt.
To tackle that, you will need a workable plan, one that you can stick to with a firm resolve. You need to create a clearer picture of your current standing by listing down all the active … (more) December 26, 2010

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I admit it; I’m quite the impulsive shopper. When I was a just a little kid, I would ever so often binge at the local comic shop or candy store, spending whatever little cash my parents gave me as allowance (my on-off paper route earned me just a little extra to buy more goodies). My teenage years were no different. Together with my friends, we would spend weekends and school holidays at the mall, pigging out on junk food or beating the hell out of each other at the arcades (no one could beat me at fighting games). Whenever the budget allows it, I would frequent 3-day sales and discount shops for stuff that pretty much comprised my being … (more) December 24, 2010

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So there I was, just getting ready to go to work on a pleasantly balmy Wednesday morning. Three steps down the hall from my apartment/studio/crash pad, I receive this call from Lee, my immediate superior at the [usual-nine-to-five-hours-in-a-cubicle] job I was holding at the time. “Hey Jim, this is Lee. Um, listen; we had this meeting yesterday with the higher-ups. Sort of performance analysis thing for work efficiency, you know the firm’s in a bit of a bind right now… “I gulped hard, and a sense of dread came over me…
To put it short, I got laid off. Fired, De-listed, Whatever. I was out of a job.
Fast forward to the present and having to make a payment so I don’t … (more) December 22, 2010

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