| Managing Your Credit Cards Debts | | Posted Thursday, February 01, 2007 2:52:47 PM by Blog57 Team | | (ARA) - Credit cards are not always a bad thing, if you are smart with how you use them. They enable us to buy items immediately, eliminate having to carry cash, and record and track purchases. Disadvantages include interest, fees, and increased impulse buying. With a credit card comes certain responsibilities, and it's never too late to be smarter."Most people spread out purchases over three or four credit cards," says Howard Dvorkin, founder of Consolidated Credit Counseling Services Inc. "By the time they sit down to add it all up, they have no idea what they spent, which is a huge problem."Responsibilities: .... | |
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| | | How to Turn Bad Credit into Good Credit Posted By : Kim Davey | | Posted Thursday, January 25, 2007 12:58:54 PM by Blog57 Team | | When you are fresh out of high school and entering college for the first time, it is very easy to make poor financial choices. Once you get enrolled in college, credit card offers almost seem to fall out of the sky. It is easy to think that you could get a card just for emergencies or use your card to squeeze through until the next payday. College is a tough time for young adults trying to strike it out on their own. The credit opportunities are great, and the temptations to slip into unintended financial ruin are dangling in front of them daily. .... | |
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| | | Banks to roll out smart credit cards | | Posted Sunday, January 14, 2007 2:54:35 PM by Blog57 Team | | Clever credit cards using microchip technology will be launched this year, after almost seven years of trying to get the project off the ground. And the industry is "80 percent ready" for the multimillion-rand card overhaul. Although South African banks established an EMV (Europay, Visa and MasterCard) forum in 1999 to co-ordinate the implementation of the new technology between banks, there have been hitches and some fierce negotiations. Absa spokesperson, Errol Smith, said the industry was about 80 percent ready for a roll-out, but some smaller retailers were still in the process of upgrading their software and hardware. "Absa has been ready since last year, but our biggest concern is that our customers do not have a bad experience at point of sale if the cards cannot be processed," said Smith.... | |
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| | | THE GOOD, THE BAD AND THE SILLY IN WORKPLACE ACHIEVEMENT | | Posted Monday, January 01, 2007 12:52:15 PM by Blog57 Team | | ANOTHER year, another 52 weeks spent in the fl uorescent-lit confi nes of ye olde of- fi ce, a place where - like it or loathe it - you probably spend most of your waking hours. Whether youre working on your lifes passion or simply working for The Man, lets face it; its work, work, work. So as the curtain drops on 2006, its time for the fi rst Golden Stapler Awards, paying tribute to the good, the bad and the simply silly of all things work-related. THE MISERY LOVES COMPANY AWARD: Sure, The Devil Wears Prada is a chick fl ick - a veritable pornography of fashion for viewers to ogle. Ooh, those handbags. Ah, those stilettos! But more than that, it strikes a chord in the hearts of downtrodden staffers everywhere, who can take comfort in the fact that they're not alone. While the tale of brainy Andrea Sachs, latte-fetching assistant to Boss from Hell Miranda Priestly, editrix of Vogue - cough! We mean Runway magazine - is undeniably over-the-top, its a story anyone can relate to.... | |
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| | | Getting a Mortgage with Bad Credit | | Posted Wednesday, December 27, 2006 2:51:40 PM by Blog57 Team | | (ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage.A mortgage is a secured loan, meaning you put up your house as collateral. Therefore, if you fail to pay off your loan, the lender has the right to foreclose on your property. So as we said before, it may be more difficult but not impossible to get a mortgage if you have bad credit.Statistically speaking, those with a lower credit score are more likely to default on their loans. To offset the risk, lenders usually charge you a higher interest rate and limit the amount of credit you can borrow (because the higher your interest rate, the higher your payments, which means you have less ability to pay back a higher loan amount).... | |
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| | | Bad Credit Loans R’ Us? | | Posted Friday, December 01, 2006 12:52:39 PM by Blog57 Team | | Kate Ross is a professional consultant at speedybadcreditloans with fifteen years in the financial field helping people in the process of securing personal loans, mortgage, refinance or consolidation loans and preventing consumers from falling into financial scams. In her website you will find interesting articles and smart tips on diverse financial topics. author's email author's web site view author's other articles .... | |
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| | | UK loans firm gets OFT rap over credit ads | | Posted Tuesday, November 14, 2006 6:50:35 PM by Blog57 Team | | UK loans company Charles Price has agreed to change its credit advertising following action by the Office of Fair Trading. A credit advert for the Cheshire-based company, which appeared in a national newspaper earlier this year, was found to be in breach of the Consumer Credit (Advertisement) Regulations (CCARs). The CCARs are designed to ensure that advertising is truthful, transparent and provides the consumer with a balanced picture of the product. .... | |
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| | | Banks set to reintroduce charges for credit cards | | Posted Monday, November 13, 2006 6:51:39 PM by Blog57 Team | | Annual fees on credit cards are set to return in a move that could hit consumers' pockets by up to 35 a year, according to research released today. A report by PricewaterhouseCoopers (PwC) predicts that banks will reintroduce yearly fees to recoup money lost as a result of enforced caps to penalty charges. According to analysts at PwC, consumer protection rules could cost lenders 1 billion a year. And instead of taking the hit themselves, most issuers are likely to recoup their losses through other means. Earlier this year, the Office of Fair Trading restricted the amount banks could charge in penalty fees for defaulting credit card repayments to a maximum of 12. And an ongoing investigation into credit card interchange fees - the amount retailers pay on credit card transactions - and payment protection insurance could add to the pressure on issuers, PwC said.... | |
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| | | Off the Charts: Is bad credit a good idea? | | Posted Sunday, November 12, 2006 6:52:41 PM by Blog57 Team | | Is it a good thing to have a high credit rating? More and more, corporations have their doubts that the answer is yes. There are still companies with solid balance sheets, but they tend to be the older, more staid ones. New companies see little value in that. "You have an incredible amount of liquidity slushing around in the market," said Diana Vazza, head of global fixed income research for Standard & Poor's. Much of that money is seeking higher returns, and is thus willing to accept higher risks. That willingness to buy has meant that borrowers with dubious credit end up paying relatively little for the money. .... | |
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| | | Bad Credit Debt Consolidation - What Are Your Options To Reduce ... | | Posted Sunday, November 12, 2006 12:56:11 PM by Blog57 Team | | To reduce your debt with a poor credit history, you have several options. While none will solve your credit problems overnight, they can help you get on better financial ground. A debt consolidation loan can help you reduce your monthly payments, while lowering interest rates. A debt consolidation program services your debt and negotiates lower interest rates. The final option of debt settlement or bankruptcy pose longer credit repercussions. Debt Consolidation Loan .... | |
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