Tips to Avoid Credit Card Debts this Holiday Season

Christmas, the season of gifting and sharing is just a whiff away. Take care not to over spend with your credit cards or you could end up paying debts for the next few months. That’ll mean a lot of sacrifices like many weekends with no entertainment, missing on favorite movies and zero shopping for the months to come. To avoid piling up debts this holiday season, take a look at what you can do:

1Start saving in advance Start saving a certain amount per month, so you’ll be well cushioned to pay your bills.

2Have just one card The more cards you have, the more debts you’ll have. Before you buy one compare credit card rates and keep the right kind of card that suits your need with low interest rates. Most of the store credit cards are not as useful as they seem to be. Their interest rates are way higher and sometimes they force you to purchase in those stores just because you have the store credit card.

3Pay more than the minimum payment Some people think that the amount specified in the ‘Minimum payment’ was all that the card issuer expects from them. Minimum payment means that the user would not be charged any penalty but interest rates will be charged for the unpaid dues. Assuming that your credit card bill stands at $500 and the minimum payment is around $50. If you cannot pay $500 in full but can cough up a payment of $300, it makes sense to do so. Hence the next month the interest will be charged only on a sum of $200 ($500 minus $300 that you paid off) as against $450 if you had paid only the minimum due amount.

4Talk your way Whoever said ‘Ask and it shall be given’ was really right. If you are almost drowning in debt then it’s better to come out clean with your position to your credit card issuer rather than sit and sulk. Explain to the executive as to how good a customer you’ve been with regular payments and a decent credit history. And you get a slight reduction in your interest rate

So that sums up the four point agenda for this holiday season. Since holiday debts have become a sort of ritual with Americans, many websites like BillShrink.com offer a lot of suggestions and tools to compare credit card interest rates and reward points. Make sure to check out such sites to help plan your holiday shopping better.

Instant Decision Credit Card Faster Approval For Instant Use

For receiving a credit card fast you can take help of the instant decision credit card . It will enable you to get a temporary credit card for being used for the online shopping purposes. Getting a credit card approved fast is not that easy and therefore, you can easily get one through this procedure and get temporary relief.

Generally, these are online procedures and to apply for it you will just have to fill a simple online form. While choosing the best card you can go through and compare all other offers for credit cards that are available online. These credit card agencies too conduct a kind of evaluation of the proofs provided by you but that is swift and consumes less time to make the whole procedure fast. It will not let you wait long for receiving the card like other credit cards. These use to have different companies or departments to check and verify your credit score fast. Then they decide on your capacity or eligibility to open an account. As soon as these procedures finish, the credit cards are being delivered to the applicants.

There are certain minimum conditions based on which the eligibility of the borrowers is being judged. An age of 18, a bank account and a good salary is essential for getting these credit cards instantly. In addition to that it is necessary for the applicant to convince the company that he will be using this credit card for his personal purposes only. However, if you can show a good credit score that that will be an added benefit for you.

You should adopt or agree with the term and conditions of a particular credit cards agency only after going through these properly. A hasty decision may create problems for you later on. Hence, after following all these procedures you will be able to avail the instant decision credit card.

Andy Copper has been associated with Instant Business Credit Card. Having completed his Masters in Finance from Yale University, School of Management.To find instant decision credit card, credit cards, cheap credit cards, access card credit instant visit

The Best Secured Credit Card Five Things To Look For

If you’re looking for the best secured credit card, you’re not alone. Too many consumers have applied for a secured credit card only to find out too late just how bad the card really was. Do yourself a favor and forgo the whole trial-and-error approach. Use these five tips to find the best secured credit card available.

1. Acceptable Fees

Almost every secured credit card in existence has its associated fees. That doesn’t, however, mean that you should have to pay an arm and a leg to open a secured credit card account.

The best secured credit card will offer an acceptable fee schedule. While the fees associated with a secured credit card vary from company to company, you should never pay more than $50 or $60 in total annual fees.

Avoid applying for a secured credit card that breaks their total annual fees into multiple charges. Some credit card companies charge an annual fee, a monthly maintenance fee, a processing fee and an application fee. The best secured credit card will charge an annual fee and perhaps a low processing fee — nothing more.

2. A Good Deposit/Credit Limit Ratio

The best secured credit card will extend you a line of credit equal to 100-percent of your security deposit. Your security deposit is intended to guarantee your line of credit. If you place $300 in the deposit account, you should have a credit limit of $300.

Some secured credit card companies only grant you a credit line of 50-percent of the amount you put on deposit. This isn’t acceptable.

3. The Interest Is Yours

When you open up a secured credit card your deposit money is put in an account. Who gets to keep the interest earned on that deposit?

When looking for the best secured credit card, make sure that the card you apply for gives you the interest earned on your security deposit. The credit card company should make their money on the interest charged to the card, not the interest earned from your deposit.

4. Rewards For Good Behavior

The best secured credit card will reward you for good behavior. Before applying for a card, check to see what they offer in regards to credit limit increases and transitioning from a secured card to an unsecured card.

5. The Reporting Factor

Of course, one of the main purposes of a secured credit card is to rebuild your credit. The best secured credit card will report your monthly account activity to the three credit bureaus. Don’t waste your time with credit card companies that don’t.

Everyone knows that there can be huge differences between one credit card and the next. These differences can be even greater when dealing with secured credit cards. If you want to make sure that you’re only applying for the best secured credit card possible, check to see if the credit card follows the five guidelines above.

Choose The Best Credit Card In India

These days credit cards have become quite a necessity. Whether you want to purchase a thing worth small amount or big amount Credit card comes handy. Although every credit card comes with its own flaws and drawbacks, so selecting the best credit card is quite a mind boggling task.

The best type of card to obtain is from your bank, where you have a savings or current account and have been a customer for some time. Since banks are always vying for customers with excellent credit ratings they give out excellent rate as well as good promotional period. Consumers get lots of promotional offers to select credit cards and these promotional points can be used in shopping, air miles, grocery stores, discount on fueling and so on. Thus banks always keep some or the other promotional offer in the pipeline to attract customers.

Many financial institutes give credit cards, offering different-different services. So selecting right credit card can become confusing. Once you decided to apply for credit card then it is imperative to follow the card’s payment terms properly. The term signifies how you should use the card carefully and how to make the most out of your credit card. This way you can maintain you credit score properly and stay away from any unwanted fall-backs.

So being responsible and diligent are two important factors that can help you to stay away from unwanted credit score related problems for these credit cards. By possessing these two qualities, you are on the track of improving your credit score slowly but surely.

ICICI Bank offers best credit cards in India at best interest rates. ICICI Bank offers range of Credit Cards such as Coral, Visa, Titanium, and Platinum Credit Card to suit your needs. Based on your requirement you can select the credit card. You can also apply for credit cards online through ICICI Bank.

The most important thing about credit card is to pay your credit card generated bills on time. So for example if you decide to make a visa credit card applications just take care to follow its payment terms and do not exceed its limits to avoid the further damage of your credit score.

As long as you can pay off the balance in full when required, or when the promotional period is over, and exceed the minimum payment each month, a credit card can be a very nice financial alternative to having cash on your person.

Pointers on Consolidating Credit Card Debt

In case you are feeling bothered about your ever growing credit card debt and believe that theres no longer any escape for you at all, then youre undeniably wrong. You have lots of options on how you can manage your credit right, so you can achieve all the benefits of it in the long run. You may also consider consolidating credit card debt.

Consolidating credit card debt, when compared with other forms of debt dealings offers you more advantages than you could ever imagine. Rather than announcing debt bankruptcy or debt management that can only help you in a short while, going after this kind of way is definitely much better than the rest. Here are some important tips you need to know about consolidating your credit card debt.

Since debt consolidation is all about combining all your existing credit card debts and putting them altogether in just one monthly payment, you’ll definitely be able to cut down on excruciating interest fees that further add even more debt to your credit and to your name. You can even make the payment methods much faster through this kind of method so you will also be able to make the most out of your debt as well as your credit score.

The best thing to learn about consolidating credit card debt is it has various forms to do it to maximize its benefit. Therefore there isn’t any strict approach on how to do it and it is as flexible as you can possibly ever imagine. For example, there are several zero or low interest options available, or equity loans that you can use as a homeowner, or you can also go after obtaining a personal loan, which ever you consider will benefit and help you most.

If you are seriously thinking about consolidating credit card debt and you have already made up your mind as to which of these types of debt consolidation choices to go after, then its now time for you to call your creditor to go over other options that you might have. It is important that you will settle all your debts on time, but more than that, you also need to make sure that you can maintain your credit rating as a credit card holder of the company.

If you can follow all of these tips, then you can be assured of that you won’t experience any problems in your future expenses.

The Credit Card Debt help is just next door

Each Americans wants a big relief from the collection of the credit debt. The people of Alabama, Arizona, Arkansas, California, Colorado, Connecticut, and Delaware are no exceptions. It is affecting masses from all walks of like. It is necessary to take necessary steps to deal with the increasing debt loads. Some are too quick to deal with the increasing debt loads. Debt relief takes into consideration different things for different people in a different state. The credit card debt solution largely depends upon the type of debt and the state of residence. Each state has its own rules and regulations regarding the debt settlement like the Alabama credit debt and Colorado credit debt help.

Even though all the citizens of the country watch same channels and read same magazines, Alabama has different rules and regulations. In Alabama, the lawsuits are extremely expensive for the creditors. If you are a permanent resident then it is essential to know about the specific laws about the Alabama credit debt. In addition, while hiring a bankruptcy attorney for handling any case be careful. Make sure that the attorney has a valid license in handling the cases in Alabama.

Arizona is a community property state. The laws within them vary significantly. There exists a different law for the Arizona credit debt. In case if some family member dies, their respective assets and liabilities are put into an estate. The respective company is completely free to have an access to that persons estate. It helps the liabilities to be paid off. In case of there is no assets in the estate is left then the company has to forgive the debt amount. Yes of course, it also means the family members will get comparatively less than the expected share if he/she had Arizona credit debt.

Wage garnishment is also one of the most important and dangerous term related to the unsecured debt. If you fail to pay off your credit card debt then it may lead the creditors to garnish their wages. The creditor actually takes around twenty-five percent of the income as a credit card debt. Arizona, Arkansas credit debt, California credit debt, Colorado credit debt, Connecticut credit debt, and Delaware credit debt help are always for you.

The limits of the wage garnishment various according to the title III of the consumer credit protection act. The rates of the California credit debt, Connecticut credit debt, Delaware credit debt and Arkansas credit debt constantly changes. This also assists in terminating in case if the salary is garnished for a single debt. The law does not protect the person if he/she has more than one debt for the income. In such a case, the law does not protect you from the discharge. The rules are constantly upgraded therefore, it is recommended to double check the amount before paying the amount. Therefore, it is essential to take essential step in case of credit debt. Reference Website: – www.creditdebtsettlements.com

Credit Card Debt Settlement

Credit card debts are like a financial black hole which can rob your good night sleep. So first we need to know how to destroy or do away credit card debts. If you are one of those who use their credit cards at every other place, then you are most likely to face huge credit card debts in future which can also lead to bankruptcy.

After using your credit card you are sure to pile up a lot of credit card debts. Now if you are unable to clear all your debts you have 2 options in front of you. They are bankruptcy or debt settlement. In debt settlement process you can negotiate with your creditors for settling at a lower amount. Here the amount which you will pay after negotiating with your creditors will be about 40-60% of the original debt you owed to them. In short you will save a lot of money from this.

Basically, you have two options. In the first case you can go ahead on your own and start the negotiation process with your creditors and settle for a lower payment. In this case you need to keep a few things in mind. It is always better to talk to your creditors in person rather than over phone. Put down the final deal on paper as you might need to produce this as a piece of documental proof later on. While sending mail communications always use registered post as this is always a safer option. Maintain the details of the people you are talking to and never show your eagerness to settle down quickly as this may go against your case.

The other option is approaching a debt settlement company. Debt settlement company will basically negotiate on your behalf with your creditors to settle for a much lower debt repayment. They will charge a certain percentage of your debt as their fees. In this case your burden comes down a lot as the company will take care of the things from your side.

The timeline of solving a case can vary from a couple of months to a few years. If you are very eager to solve your case quickly it can be done in 3-9 months of time period. In very exceptional cases the time period can stretch from 1 to 4 years. But most of the cases get solved within a years time. So its always better to start thinking of Debt Settlement early so that you dont have to face bankruptcy situation in future.

Loopholes In Bank Systems Cause Business Credit Card Fraud

Business credit card fraud is a prevalent problem that has cost companies millions of dollars each year. There have been many reported incidents when fraudsters were able to steal private financial information from companies. One of their common strategies is getting into business credit card accounts and using them for fraudulent transactions. Small, medium, or even established enterprises are not spared from the perils of these activities.

The current loopholes in bank systems are partly to be blamed in the rise of credit card fraud. Even stolen cards that have already been reported and canceled by owners can still be used in fraudulent transactions. As long as fraudsters do not exceed the floor limit, they can use the stolen business credit cards since this kind of transaction does not go through banks electronic systems.

Floor limits serve to guard merchants and businesses from losses. On the other hand, scammers can also abuse them to dupe unsuspecting consumers. Many industry experts and even authorities are already questioning store policies on floor limits. As observed in many incidents, these floor limits contribute to the rise of credit card fraud cases by providing fraudsters with purchasing power, and a way to avoid card clearance, which can reveal whether the card is blacklisted.

Business credit cards with microchip technology are safe from this type of fraudulent activity since banks can trace and record every swipe. On the other hand, this technology has only been introduced to the banking industry a couples of years ago. Not all banks in the present have the technology and the budget to run the system. However, microchip technology will be a great means to add security to consumers, and ultimately avoid credit card frauds. It will also equip authorities with enough information to track down perpetrators.

The Credit Card bill to be passed in the Senate is also seen as an efficient vehicle to bring attention to this issue. The legislation aims to uphold the rights of consumers and ensure that banks carry out their responsibilities. If enacted, the bill will intensify the Congress role in monitoring these kinds of loopholes in bank systems.

Putting a cap to the rising business credit card fraud is not an easy task. As long as there are loopholes in systems of banking industry, con artists will continue to take advantage of consumers. Banks should have better business credit card fraud management solutions to protect their costumers. The industry can also coordinate with authorities and government agencies to encourage financial institutions to do a more efficient job in acting as vanguards of consumer rights.

Benefits Of The Sears Credit Card

The Sears credit card has more purchasing power than most people think. It’s not just for buying tires or batteries or even big screen TV’s. The card can do so much more, a closer look and you’ll see what I mean.

With a Sears credit card, you can buy other things such as tools, clothes, other electronics, shoes and things for the house. Whatever you see in the store can be bought and put right on the card so make no mistake, if your a little short on cash and you have the card, you can still purchase.

What Sears has done, was they partnered up with a major financial institution like Citibank, N.A. which gives them the chance to offer a wide range of offers as well as uses. Those who are out looking for a decent credit card might want to stop and have a look at the Sears card.

Anyone with a good credit history should be able to qualify without any problems and take advantage of any extras that come along with the current offer. Just to give a quick example, let’s say the current offer has a 0% interest or low interest on balance transfers.

For most consumers, they’re going to have to stop for a moment and check their finances to see if the Sears credit card will be a good fit for them. On the plus side, it is a convenience to be able to walk into a place, buy a different variety of items and if need be, put it all on the card.

Another plus about the Sears card is that you can use it at Kmart, Kmart.com, Sears.com, Sears Essentials, Sears Grand, Sears Hardware, Sears Auto Centers, Sears Hometown Stores, Lands’ End, landsend.com, The Great Indoors, and Orchard Supply Hardware, Sears Repair and Product Services, Sears Dental, Sears Portrait Studios, Sears Optical, Sears Flowers, AOL (for monthly provider fees) and Avis.

If your out there shopping around for the best credit card deal that will fit your budget and finances it’s always important to take the time to read all the terms and conditions. Especially if your opening up a new account, you definitely want to go over the benefits that come with a new account. Eventually you’ll come across the Sears card and then you can make comparisons.

It is possible to buy high quality goods at Sears or one of the other stores mentioned above and still keep your expenses low. One of the key things to keep in mind is that a credit card should be used as an aid rather than an anchor. And if you use the credit card responsibly you’ll find that it can come in handy, especially when your in a pinch.

How To Avoid Credit Card Debt

There are certain things in life that you will wish to avoid if you want to have a secure financial present and future for yourself and your family. Credit card debt is certainly one of those things that you should be avoiding. People do not always realise or think about it but keeping an outstanding credit card balance is one of the most expensive financial arrangements you could possibly subscribe to. If you have even an average interest rate, and not too much of an outstanding balance, you could be wasting literally hundreds of pounds a year by not paying off your outstanding balance in full each month.

There are also other problems with keeping a high amount of credit card debt. You will be making your credit rating worse for one thing. And this is something that you should be concerned about. Credit providers, banks, insurance companies and even employers will use your credit rating as a means of assessing your financial standing. If you have a very high outstanding credit card debt, or are close to your credit card debt limit, this will be regarded as a negative in the assessment of your credit score and for this very purpose, it is something that you should be attempting to avoid.

A lowered credit rating will cause you to receive worse terms and offers for future credit. For example you may get

Higher interest rates
Less favourable terms
Lower credit limits
Refusal of credit

If you wish to avoid one or more of the above out comes, you should be trying to keep your credit card debt under control. One way to do this is to simply stop using them. Discipline yourself, or if this is too difficult, take the credit cards that you are using, out of your wallet or purse, so that you cannot give in to the temptation of using them. This way, the amounts you pay back will start to reduce your outstanding balance and you will get things back under control.

Another thing you should be making sure that you are doing is repaying more than the minimum repayment on your monthly bill. Many cards allow you to repay just the interest, and if you are doing this, it means that you are repaying none of the actual outstanding balance each month so even if you stop using the credit card, you will not be paying them off. You are simply servicing the debt. You should make sure that you are paying back the credit card balance over a reasonable period.