Posted on 26 April 2011
Tags: account, Amazing, american adults, American Express, American Express black Centurion card, Americans, AmericansÂ, annual fee, APR, Argos, ARM, average, bank, Bank of America, boring topic, branded credit card, budget, Business, California, california hills, california sky, cardÂ, Centurion Card, check sum, Comcast, commendation, compare, credit, credit and debit card fraud, credit balance, credit card, credit card expires, credit card fraud, Credit Card Marketing, credit card membership, credit card number, credit card offer, credit card offers, Credit Cards, credit history, Credit Karma, credit result, Credit Score, credit scores, CreditKarma, date, deals, debit, debit card, Debit cards, evenlyÂ, exclusive credit card, expiry, expiry date, fraud, interest rate, logo's Blue, Logos, Low interest rat, low interest rate, Luhn Formula, magnetic strip, minimum payment, most exclusive credit card, pay off, personal safety, requirement, retail giant, security index, sum formula, tea, technique, Telecommunication, Telecommunication effects, Telecommunication field, terrorism, UK, Unisys, united states, usersÂ, Visa logo
Many people believe that credit scores, credit cards and credit history is very boring topic. Nowadays a plastic card that is credit or debit cards are present in almost all the wallets. Here are some of the most interesting and fun facts that will be shocking for you.
1. Visa Logo on the Credit Card
This is an amazing fact about Visa logo on the credit card. A visa logo’s Blue and gold Portions on a credit card represents the color of the California sky and California hills respectively, which is the state where Bank of America was founded.
2. Americans Fear of Debit or Credit Card Fraud
Americans are full of fear not because of terrorism, computer viruses, heath or personal safety. They are frightened because of the credit and debit card fraud according to a source: Unisys Security Index: United States, March 2009.
3. Worse Interest Rate
Suppose you are having it worse with a matched up 29.9% interest rate? Retail giant Argos rocked out with a branded credit card with a ridiculous 227% APR, UK in 2008.
4. Credit Score
1/3 of American adults do not want to check their credit score. Moreover, 2/3 of American adults who are 144 million people have not even checked their credit balance for many years. Don’t be the part of this list, which are unaware of their credit result from a long time, so for getting your score free as soon as possible contact at Credit Karma.
5. Credit Card Marketing
Each American family gets an average of six credit card offers per month in the mail. You can stop those irritating deals by going to ‘OptOutPrescreen’ in your mail. However, now you can save trees while reviewing credit cards on Credit Karma.
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Posted on 27 March 2011
Tags: accounts, Advanta, advantage, apply, average, Avoid, Bank Loans, banking, Banks, basis of credit, beneficial, benefit, betterment, borrowing, borrowings, Business, cards, convenience, credit, credit balance, credit card, credit card companies, credit card limit, credit card score, Credit Cards, credit history, Credit historyCredit history, credit limit, credit profile, credit rating, Credit ratings, Credit Report, Credit Score, Credit scoreCredit score (United States), CreditCredit, customer, customers, Debit cardDebit card, Debt, FinanceFinance, financial, financing, giving money, good credit, good credit rating, high credit, improve your credit, loan, Loans, maximum profits, misconceptions, Multiple, new credit, new credit card, payment, point of sale, responsible persons, short term financing, The bank, tip, transaction, utility bills
Credit card is issued by the financial company to the person to use it at the point of sale for buying of goods and services etc. Credit cards are used for short term financing. It is the business of the bank to give loans to the responsible persons. The regular customers can take loan from the bank more easily because they are maintaining an account in that bank. Loans given by the bank are also known as borrowings and they are given on the basis of credit ratings.
Person has to maintain a good credit rating to get the loan. Now a day’s people have awareness about the credit cards and they use it for their own benefit. The money they use from the credit card is their own money so maximum profits are taken by the holder by using the card any time anywhere.
Some of the misconceptions about the credit cards are given below:
1. Applying for a new credit card
Applying for the new credit card doesn’t mean that it will increase your credit score. When you have a credit card and you use it for something like paying utility bills, fee of children etc. than it will be effecting your credit card score.
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Posted on 20 February 2010
Tags: borrower, credit, credit accounts, credit balance, credit card, credit card account, credit card application, credit card APR, credit card bill, Credit Cards, credit scoring, Debt, debt card, Finance, interest, interest charges, interest credit card, interest rate, lender, loan, Personal Finance
According to the recent research from Moneyfacts, the credit card’s average rates have reached to the 12 year high then ever. The average credit card rates remains at 18.8% this month, showed by the report. These rates were 17.7% a year ago and 16.8% two years ago. In 1998, the last rise in rates from this point was recorded and at that time the average rates were 21.1%. 
The best rates in the year 1998 were 7.25%, as compared to date rates that are 0.5%. This shows that the difference between the base rate and the credit card rates has risen by 4.45% since 1998.
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Posted on 10 February 2010
Tags: Banks, Business, Cheque, credit balance, credit card, credit card account, credit card bill, Credit card mistakes, credit card payments, credit card rate, Credit Card Statements, credit card tips, Credit Card Trouble, Credit Cards, credit cards payments, credit history, creditors, debt card, Debt Consolidation, debt elimination, economics, Finance, Interest Rates, late payment fees, late payments, Money, payment, Payment systems
There are a number of tips and tricks out there that act like antiseptic for your open credit wounds, but all of them are contradicting each other, who do you listen to. People tend to think that if they shred their credit cards, dispose them off to the garbage or even tear the statement, they will be freed from the chains of credit card payments. Well don’t give much attention to it, do you really think all that will pay your credit card bills. 
Stand up and open your eyes wide, you were the one who went and swiped your credit card for that amazing white tiger furred carpet and how can you forget that Acer Aspiron, you just simply had to have it that time. So it’s the decisions that we make, makes us regret in the future that had we have thought at that moment the futuristic impact of our irrational and prudent purchases we would have never made them, or would have we?
For those seriously considering to pay off credit card payments so that later you are not in an even messier situation there are a number of options available for you. The most simple way to avoid further piling of credits upon the existing ones start paying in form of cash or checks so that you have an idea how much you are physically paying, a record of those payments can be taken. Since they are in form of cash and checks you can also make immediate payments which will be cleared on spot.
Posted on 30 March 2009
Tags: account, credit balance, credit card, credit health, credit history, credit limit, Credit Score, debt to loan ration, FICO, FICO score, identity health, improve your credit, interest rate, Loans, myths about credit
Contrary to the perception that Credit is only for credit cards, it plays a major part in our ability to borrow money. In fact, it is used in many other places that you probably don’t even think of. For example, some employers check the credit histories of potential candidates as a pre-requisite to hiring. Be it renting a home or shopping around for a better insurance rate, credit histories are checked to make sure that you aren’t too much of a risk to cater to.
Your credit score, commonly known as the FICO score, is a vital indication of your “credit health” and can make a huge difference in what you pay for borrowed money. Therefore, it’s in everyone best interest to keep their FICO score as fit as possible.
So have a look at these 5 popular credit score myths that could do more damage than good, if you followed them.
Myth No. 1:
Never using or not having any credit cards will improve your FICO score
It’s true that not having any credit cards might help control your spending, especially if the lure of too much available credit is too tempting to resist, but it will not help your score. What you need to keep in mind is that the FICO score of someone who has managed his credit responsibly is more likely to be higher than someone who has little or no credit history.
Buying everything with cash will surely save you from paying interest, but it is not an ideal thing to do in terms of building a good credit history.
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