Surviving in the world...

Surviving in the world of credit cards

Now we, customers, play a game ‘who have a better credit score’. It looks like that having a credit score is a point of pride rather than...

Some necessary researc...

Some necessary researches before getting rewards credit card

You decide to choose a credit card? OK, at first make a research to find the best variant for you. Before you request one of cards, you should be...

Advantages of reward c...

Advantages of reward credit cards

Of course, you think about worth and convenience of using a retail credit card so that when you buy something at this shop and you see something you...

A good credit history ...

A good credit history it’s very easy

Credit cards are convenient and can certainly help you to settle a good credit history, when you are young. And the good credit history is very...

New Chase Slate: No Balance Transfer Fee and 0% Interest for 15 Months

Posted by: Lola Thornton  Posted date: February 05, 2012 in Credit Cards Articles
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For those of you searching for the best balance transfer credit cards on the market in 2012, don’t overlook the new Chase Slate Card. Sure, it may look funky with its strange vertical design, but this card packs some serious power in the balance transfer category.

Not only does Chase’s most recent offer waive the balance transfer fee when you complete your transfer within 30 days of opening a new account, but it also boasts a 0% interest period that lasts longer than any other comparable card offers—15 months to be exact. That’s as good as it gets right now.

If you’re paying interest, even a low interest rate, on any credit card balances, the Slate Card will save you money. How much you could save obviously depends on several factors (size of balances, interest rate), but the fact that there’s no annual fee, no balance transfer fee, and 0% interest for 15 months should be music to your balance-transferring ears! Well, it sh

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Tags: Balance Transfer Chase Slate New Chase Slate Transfer

Foreclosure Fraud: Beware of Circling Foreclosure Vultures

Posted by: Lola Thornton  Posted date: January 26, 2012 in Credit Cards Articles
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Consumers beware, foreclosure fraud is rampant in todays post financial meltdown era. Unquestionably, the worst of the carnage left after the financial meltdown has been the millions of foreclosures that continue to plague the housing market. Although the number of foreclosures has dipped back under 1 million in 2011, it is expected to increase again in 2012, after a lull in processing caused by the “robo-signing” foreclosure fraud scandal at the hands of some of the major banks.

While many homeowners are willingly walking away from their homes and obligations, there are many more who try everything they possibly can to salvage the cornerstone of their “American Dream.” And, as you might expect, where there are people in distress and losing hope, there are always going to be opportunists and malicious scammers ready to swoop in and take advantage of them with foreclosure fraud.

As the situation worsened in 2009 and 2010, many distressed homeowners were heartened by the Obama administration’s proclamations that it would do everything it could to help people keep their homes. Although i

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Tags: Beware Foreclosure Fraud

Credit Card Charge-Offs: Can They Be Removed from Credit Reports?

Posted by: Lola Thornton  Posted date: January 24, 2012 in Credit Cards Articles
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In my last post regarding Charge-offs and Collections, I wrote about how a lot of consumers become confused when they pull their credit reports and find an overdue credit card account reporting twice.  The same debt can’t be listed on your credit reports twice, right?

Wrong.  In fact, most credit card accounts that have been charged off by the original creditor are not only reported as charge-offs, but they’re also reported as collections after they’re sold or transferred to a third-party collection agency.  It’s a double whammy to your credit scores and a very frustrating situation to find yourself in.

So, can you actually remove a charge off from your credit reports? And what if you pay off the collection?  Will the original charge-off then disappear?  What happens to the paid collection itself?

I can’t tell you how many times I’ve seen these questions in our Credit Talk Forum.  It frankly can b

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Tags: Credit Card Credit Reports Reports

Is Credit Card Frugality a Thing of the Past?

Posted by: Lola Thornton  Posted date: January 16, 2012 in Credit Cards Articles
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The recession seems to be taking a back seat as more people pull out their credit cards to pay for everyday items. According to The Christian Science Monitor, consumers racked up a total of $64 billion in credit card debt for the year 2011, and January 2012 has already seen an increase in credit card use.

January normally means a return to less spending, trimming your budget, and putting off big purchases, but more consumers are throwing caution to the wind when it comes to credit card spending. In fact, the payment processing company First Data reports that people are using their credit cards at rates not seen since the pre-recession era.

What has spurred this rise in credit card spending?

Banks have cancelled or severely cut back on their debit card rewards programs, and have even suffered a backlash when they instituted debit card fees.

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Tags: Card Credit Card

What are the tax benefits from offset mortgages?

Posted by: admin  Posted date: January 13, 2012 in Credit Cards Articles
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Offset mortgages are ideal for those who have a variable income source wherein large sums of money might come in at a single instance followed by a period of lesser income as seen often in the case of self-employed individuals. This offset mortgage system ensures that they have the benefit of adequate amount of money at the required time to essentially reduce the credit balance.

The gradual mortgage repayment system also makes sure that the period of repayment is reduced drastically and this further increases the savings. This scheme is also helpful to the borrower in obtaining tax benefits. Since the tax is calculated based solely on the based on the credit amount which is a dwindling number, the customer has the additional advantage of being able to cut down on the tax payment, which also saves more money for the customer. Read more…

Tags: offset mortgage

Ask Creditnet: I’m a Disabled Vet – Who Can Help Me Fix My Credit Problems?

Posted by: Lola Thornton  Posted date: January 04, 2012 in Credit Cards Articles
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Dear Creditnet: I am a disabled veteran who ran into a lot of financial trouble and really messed up my credit reports. Long story short, I basically went crazy and stopped paying my bills because I thought I was going to die every day. Now, my actions just haunt me every day with horrible credit.

I am married with two children and one on the way, and I am nervous that my bad credit is bringing my family down. My wife has good credit and a great job so I feel like I am the only one holding us back. Please, is there an agency or someone who can help me fix my credit problems?

Answer: First, let me thank you for your service in the military. I have a great respect for you and all the veterans who have sacrificed much to serve our country.

Now, in regards to your credit, the positive news here is that your wife still has good credit.

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Tags: Credit Disabled Vet