You may be wondering why your credit card is so hard to get rid of. It all comes down to how the credit card companies are handling your account. They have probably hitting you with fees, interest rates, and charges, so now it seem that you will never be able to get it down.
There is a way to get them doing going about it the way you want them to. Let them know they can be fired. Let them know that you know what they are doing to your account. Gather a years worth of statements. Write down the extra fees, every time they raised the interest rate on you, and any membership dues they added to your bill.
After you have this information, contact the company and tell them to put you through to someone so they can make some changes to your account. If they refuse to put you through to someone then start to close your account. They will certainly notice this. Even though you may have to close the account, this is a great way to get your feed back to them.
Through out the process you will be asked to answer to why you are closing this account. This is your perfect chance to leave your reason why. You can leave a message sounding like this " I have chosen to close this account due to unreasonable membership dues and fees. I want you to drop the interest rate to one rate and leave it there." that will either get you a immediate transfer to a manager or a manager is going to call you right back. Now they are going to try to give you all these lame excuse, but you have to hold your ground. This will get you result that you want.
Saturday, December 20, 2008
Thursday, December 18, 2008
Handing Your Debt Off
Handing Your Debt Off
Credit card companies are the most competitive. The way we know this is because you receive lots of new offers for new credit cards in the mail every week. In order for a credit card company to grow they have to take out their competition. They have to get you to sign up with their company. They are not a business where lots of new people sign up with them everyday. The main type of people that credit card companies are looking for are the type of people who have so much debt that they keep paying on it without it ever actually going away. They also look for people who have a record of not paying back their loans. If you are one of these people, the credit card companies want you bad.
It can be frustrating when you have so much debt and you are still receiving offers for more credit cards, especially when they come from a credit card company you already have a debt with. Generally if you have three or more credit cards then you are finding that the credit you are allowed is getting pretty high on those. By paying every month without getting your payment down any, this makes it where the companies decide to offer you a limit they think you will use. There fore making it where you just keep owing them even more money than right now. You may think this is mean and not right, but this is how they make their money everyday.
Credit card companies are the most competitive. The way we know this is because you receive lots of new offers for new credit cards in the mail every week. In order for a credit card company to grow they have to take out their competition. They have to get you to sign up with their company. They are not a business where lots of new people sign up with them everyday. The main type of people that credit card companies are looking for are the type of people who have so much debt that they keep paying on it without it ever actually going away. They also look for people who have a record of not paying back their loans. If you are one of these people, the credit card companies want you bad.
It can be frustrating when you have so much debt and you are still receiving offers for more credit cards, especially when they come from a credit card company you already have a debt with. Generally if you have three or more credit cards then you are finding that the credit you are allowed is getting pretty high on those. By paying every month without getting your payment down any, this makes it where the companies decide to offer you a limit they think you will use. There fore making it where you just keep owing them even more money than right now. You may think this is mean and not right, but this is how they make their money everyday.
Wednesday, December 17, 2008
Even Though You Have Debt You Still Have Options
Even Though You Have Debt You Still Have Options.
The first step many people take towards reducing their credit card debt is consolidating their credit card debt. You need to understand that when someone decides that they want to go through consolidation, they are deciding to take care of the debt right now. You do not consolidate to prolong your debt to a later time.
There are more than one reasons why consolidating your credit card debt is a very good option. You get the break from your credit card debt immediately increasing. You also can get other benefits from concolidating.
Most offers for consolidating have a low initial APR period. During this period you will find that the APR is sometimes 0% or some low figure. The 0% APR is one of the things that mostly attracts people to doing the consolidation. Another benefit consolidating can have is no interest rate on anything you buy in the first six months or what other inital period they have for balance transfers. This has the effect of lowing how fast your debt goes up.
These are the two main ways that consolidating companies use to get you to consolidate with them. Some of the other ways they get you is by adding reward points to the credit card you are consolidating.When they give you these rewards they make it where you can redeem them for other rewards, rebates, etc. There are definitely some good reasons to consolidate.
The first step many people take towards reducing their credit card debt is consolidating their credit card debt. You need to understand that when someone decides that they want to go through consolidation, they are deciding to take care of the debt right now. You do not consolidate to prolong your debt to a later time.
There are more than one reasons why consolidating your credit card debt is a very good option. You get the break from your credit card debt immediately increasing. You also can get other benefits from concolidating.
Most offers for consolidating have a low initial APR period. During this period you will find that the APR is sometimes 0% or some low figure. The 0% APR is one of the things that mostly attracts people to doing the consolidation. Another benefit consolidating can have is no interest rate on anything you buy in the first six months or what other inital period they have for balance transfers. This has the effect of lowing how fast your debt goes up.
These are the two main ways that consolidating companies use to get you to consolidate with them. Some of the other ways they get you is by adding reward points to the credit card you are consolidating.When they give you these rewards they make it where you can redeem them for other rewards, rebates, etc. There are definitely some good reasons to consolidate.
Saturday, December 13, 2008
Ways To Avoid Credit Card Debt
Ways To Avoid Credit Card Debt
There are a couple different ways you will find to use credit cards responsibly. you will also find that there are a few ways to also get your credit rate up which is what you really want to do. The main thing credit card companies don't tell you is that any charge you make on a credit card is that it is just a loan. For example if you only charge ten dollars to your credit card you have just taken out a unsecured loan on that ten dollars.
When you do get a credit card you have to remember that it is just a loan, you have to pay it back. It's not just free money that you can have, it's almost like a payday advance. Make sure you keep every receipt that you get that way at the end of that month you can see just how much you spent and how much you are going to have to pay back. It also makes it where you can cross check your bill and have a total of what you owe that way you can make sure you are going to be able to pay it back when the bill comes in.
When you pay of what you owe every month that is the best way to keep your credit problems from getting out of control. You can though allow a small amount of the debt to drift from month to month. This will actually help you down the road when you choose to buy larger items then before. It also help to build you credit history and your credit rating. By doing the above steps and staying on top of your monthly bills it will make it where, you will have much better credit in the future and avoid credit card jail. that is the most wonderful gift you can give yourself early on in life.
There are a couple different ways you will find to use credit cards responsibly. you will also find that there are a few ways to also get your credit rate up which is what you really want to do. The main thing credit card companies don't tell you is that any charge you make on a credit card is that it is just a loan. For example if you only charge ten dollars to your credit card you have just taken out a unsecured loan on that ten dollars.
When you do get a credit card you have to remember that it is just a loan, you have to pay it back. It's not just free money that you can have, it's almost like a payday advance. Make sure you keep every receipt that you get that way at the end of that month you can see just how much you spent and how much you are going to have to pay back. It also makes it where you can cross check your bill and have a total of what you owe that way you can make sure you are going to be able to pay it back when the bill comes in.
When you pay of what you owe every month that is the best way to keep your credit problems from getting out of control. You can though allow a small amount of the debt to drift from month to month. This will actually help you down the road when you choose to buy larger items then before. It also help to build you credit history and your credit rating. By doing the above steps and staying on top of your monthly bills it will make it where, you will have much better credit in the future and avoid credit card jail. that is the most wonderful gift you can give yourself early on in life.
Wednesday, December 10, 2008
Teaching Your Kids About Credit
When you are teaching your kids to use credit properly and effectively, you are not teaching them to not have credit. Nowadays a credit card is just as essential as a car or cell phone. Some people believe that sending your child out into the world without a credit card, or a respectable credit rate already building, plus the knowledge and training on how to use credit is just is an irresponsible parent. It is just like sending your child to war with no weapons to use. Credit is needed to succeed in this world.
One way to teach your kids to be responsible with a credit card is to get them a credit card when they are in high school or college. Even though you will pay the bill it is a good way for them to pay for the stuff they need. You will also be able to keep track of what they are buying from your monthly bill. With the credit card in your children's name as you pay it off you are building your child's credit rate.
One thing to remember is to not let your child go out and max the card out the first day they have it. You can establish a credit limit that they can not go above. If they max it out and find that they can not buy lunch that day, you will be teaching them more than spending days lecturing them.
Make your children do three thing for you to show you that they are mature enough for the card.(1) Tell them to save every receipt of their purchases. (2) They are going to have to keep a ledge much like your check book of all their purchases. (3) They must also sit down with you and review the bill when it comes in.
“Tired Of The Debt Collector's Calling Your House? Click Here To Grab This FREE Report On a Way To Get You Debt FREE!”
One way to teach your kids to be responsible with a credit card is to get them a credit card when they are in high school or college. Even though you will pay the bill it is a good way for them to pay for the stuff they need. You will also be able to keep track of what they are buying from your monthly bill. With the credit card in your children's name as you pay it off you are building your child's credit rate.
One thing to remember is to not let your child go out and max the card out the first day they have it. You can establish a credit limit that they can not go above. If they max it out and find that they can not buy lunch that day, you will be teaching them more than spending days lecturing them.
Make your children do three thing for you to show you that they are mature enough for the card.(1) Tell them to save every receipt of their purchases. (2) They are going to have to keep a ledge much like your check book of all their purchases. (3) They must also sit down with you and review the bill when it comes in.
“Tired Of The Debt Collector's Calling Your House? Click Here To Grab This FREE Report On a Way To Get You Debt FREE!”
Tuesday, December 9, 2008
Divorce and Credit Debt
Divorce and Credit Card Debt
When going through divorce it can be a real pain to find a way to
divide all the bills that are due then. One of the hardest things to
divide is your consolidate credit financial debt. The person in the
divorce that continues to hold the accounts will still continue to get
the bills and have to pay them. The least preferable way to get the
bills divided is to due it in a form of child support. You could divide
all your bills and when your divorce gets finalized, the income
generating party will start to pay their half in payments.
That would make it where one party gets stuck with all the credit
card debt and the other one will only have a set amount to pay.
Well this is not fair is it? Then if either of you use the card you
have to go back through and change the legal amount. That is not
only going to give you a headache but also give administration a
headache.
If you and your party are able to compromise, you can agree to a
reasonable amount. You can then decide which shared assets to
use to pay down the debts. Before you sell these assets, close the
accounts and distribute the funds equally.
Even after doing this there may still be some amount owed left
over. It does very wise to divide this amount between the two of
you. Then both parties can decide their own ways to pay of their
amount due.
For More Information Check This Out!
When going through divorce it can be a real pain to find a way to
divide all the bills that are due then. One of the hardest things to
divide is your consolidate credit financial debt. The person in the
divorce that continues to hold the accounts will still continue to get
the bills and have to pay them. The least preferable way to get the
bills divided is to due it in a form of child support. You could divide
all your bills and when your divorce gets finalized, the income
generating party will start to pay their half in payments.
That would make it where one party gets stuck with all the credit
card debt and the other one will only have a set amount to pay.
Well this is not fair is it? Then if either of you use the card you
have to go back through and change the legal amount. That is not
only going to give you a headache but also give administration a
headache.
If you and your party are able to compromise, you can agree to a
reasonable amount. You can then decide which shared assets to
use to pay down the debts. Before you sell these assets, close the
accounts and distribute the funds equally.
Even after doing this there may still be some amount owed left
over. It does very wise to divide this amount between the two of
you. Then both parties can decide their own ways to pay of their
amount due.
For More Information Check This Out!
The Basics of Credit Card Debt Consolidation
The first thing that you need to do is to get rid of your multiple creditors. Try to get them down to one account or even into a few credit accounts. You also need to work with a creditor to see if you cant get it down to a lower amount owed. This will then make it where your interest rate can be set at significantly lower rates. It also makes it where more of your money is going to paying your debt down than to the interest rates and fees.
One way to lower your interest rates is to use a zero percent short term offers from credit card companies. You do have to watch these though because some of them carry transfer rates as much as an interest payment. If you are able to move several thousand dollars to one for six months, this allows you to work on other higher interest credit cards, while no running the debt balances up. Beware though at the end of the period some of them may shoot higher than any of your other loans.
Just remember to take charge of your credit instead of it taking charge of you. You can start a log to keep track of every one of your credit cards. What each of the cards interest rates are. When the short term low rates are going to expire. And finally what your credit limits are and your payments are. Keeping this kind of consolidation will allow you to know the cards which need the most attention. This also allows you to see which two you can possibly make into one or make all of them into one with an easy long term you can do. You then have a way to get you out of debt and stay that way.
For More Information Click Here!!!
One way to lower your interest rates is to use a zero percent short term offers from credit card companies. You do have to watch these though because some of them carry transfer rates as much as an interest payment. If you are able to move several thousand dollars to one for six months, this allows you to work on other higher interest credit cards, while no running the debt balances up. Beware though at the end of the period some of them may shoot higher than any of your other loans.
Just remember to take charge of your credit instead of it taking charge of you. You can start a log to keep track of every one of your credit cards. What each of the cards interest rates are. When the short term low rates are going to expire. And finally what your credit limits are and your payments are. Keeping this kind of consolidation will allow you to know the cards which need the most attention. This also allows you to see which two you can possibly make into one or make all of them into one with an easy long term you can do. You then have a way to get you out of debt and stay that way.
For More Information Click Here!!!
Monday, December 8, 2008
Hello This is my blog on Financial Help Made Easy For You!!!
Hi! I wanted to welcome you to my blog on financial made easy for you.
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