If you are unable to get a normal credit card because of poor credit, all hope is not lost. A secured credit card is different in that it utilizes funds a consumer has placed in a savings account. The secured card is protected by the savings account. Therefore the consumer is "borrowing" from his or her own account. In this way the consumer can re-establish their credit repayment history thereby exhibiting improved credit worthiness.
Expert Author: Michael Killian | Category: Taxes A couple years ago the Milwaukee Journal Sentinel ran a story about Rapid Refunds entitled Poor Workers Got Fast Cash at High Prices. I was really shaken by the following.
If you want to change any habit, change the actions that produce the habit. Within this article you will learn the most powerful 5 step system I have ever seen to change any habit plus 2 key bonuses that add rocket power to your efforts.
The way to more spendable money is not complicated. You either decrease expense or you increase income. Decreasing expense is the subject of numerous other articles at this site. Increasing money and doing it through a common sense approach is the current subject.
The Federal Trade Commission (FTC) says, "If you or someone you know is in financial hot water, consider these options: realistic budgeting, credit counseling from a reputable organization, debt consolidation [debt negotiation], or bankruptcy. How do you know which will work best for you? It depends on your level of debt, your level of discipline, and your prospects for the future."
Chris Tapp, UK deputy director of Credit Action, said: "Retirement should be a time for some well-earned relaxation, but for all too many it is a time of financial stress… when we consider that inflation hits the over-60s hardest, pension provision is looking increasingly shaky, and we have moved away from a savings culture, we can see that the levels of debt amongst the over 60s, as well as being a serious issue now, is one which is only likely to get worse."
The Fair Debt Collection Practices Act (FDCPA) was established to protect the consumer from harassing and illegal tactics used by unethical and unscrupulous debt collectors. The act does not apply to the original creditor but does apply to someone other than the original creditor who tries to collect on the debt.
Expert Author: Michael Killian | Category: Loans "Loan-Sharking" equates to usury, which is charging interest above an established legal rate. "Pay Advance", "Check Advance", "Deferred Deposit", "Payday Loan", or any other label like it is lower than loan-sharking. It is a legal, multi-billion dollar industry that you do not want to get lured into.
Expert Author: Michael Killian | Category: Insurance You may not realize it, but the insurance rates you pay for your car can vary dramatically depending on the insurance company, agent or broker you choose, the auto coverage you request and the kind of car you drive.
Expert Author: Michael Killian | Category: Loans When the month continues to live on well after the money is spent, a very logical approach is to utilize the equity in your home to alleviate the pressure. But is this a good idea or a bad one? Take a look.
The American consumer is looking at a very scary environment! He/she is also becoming more and more vulnerable to serious debt collection issues. The new bankruptcy law, increased minimum credit card payment, tightening of debt counseling options, exceptionally easy access to very high credit limits and even skyrocketing fuel costs are bringing together a very volatile collection of issues.
Have you ever asked yourself why there always seems to be too much month left over at the end of the money? This article attempts to explain that monthly crisis by exploring how we have been lulled into thinking in terms of "monthly" instead of "total" cost.
Expert Author: Michael Killian | Category: Credit As an avid consumer advocate in the field of credit and debt management, I have been opposed to unleashed campus credit for years.
Whether you are thinking of getting married, you are a newly wed, or you are a seasoned couple of marital bliss, you must have a joint talk about debt and credit. Debt communication is simply not an option. This debt and money talk article can open doors of communication and enhance the success of your marriage. In the case of pre marital situations, it may allow you to realize "problems" before they even start.
If you are an employee, you can get a 40 per cent pay raise without ever asking the boss. And it's all tax-free. Similarly, if you are an employer, you can show each of your employees how they can earn a 40 per cent pay raise and it won't cost the employer a thing. Before writing me off as being a pair short of a full deck, read on.
Credit cards are just like drugs. There is no better analogy. They offer short-term pleasure and long-term pain. They give the illusion of having more money than you actually do. Then you live with less because each month a portion of your income is siphoned away paying past credit debt.
If you have filed for bankruptcy or have bad credit generally, you could be the target of a fraud the Federal Trade Commission (FTC) calls "file segregation". In this scheme, you are promised a chance to hide unfavorable credit information by establishing a new credit id. That may sound perfect for your circumstance, except that "file segregation" is illegal and you could face fines or even a prison sentence.
You can eliminate all debt in the fastest possible time by starting an avalanche.I recognize that starting or getting caught in an avalanche probably would not be your idea of an enjoyable time. But what if I told you that the principles of an avalanche are very similar to the principles used to eliminate all debt in the fastest possible time-frame.
LOWER YOUR PAYMENT BY 50 per cent - You've seen the ads. They certainly are enticing especially when you are buried under a mound of debt. But should you do it? What's this all about?
Are you in need of SPECIALIZED Debt Management (counseling)? Like many today I was under the impression that "traditional firms" such as Consumer Credit Counseling Service (CCCS), National Foundation of Consumer Credit (NFCC) member firms and other "non-profit" firms were the standard for the industry and that EVERYONE with a debt problem was best served by these groups. Boy, was I wrong.
