All posts in Credit Card

Credit Repair and Credit Scoring by Dan Beck -Scam

By blogger on

Intro

Basicsics

Introduction

Basic information

What you need to know

What you know?

Read first..} I’m a student who has just finished university. Obviously, as most other just graduated students, I have a debt. My credit card has been my one and only big friend throughout the years and I can understand anyone that feels or has felt the same way! I envy the strict disciplined people that have no problem with money management and keeping an eye on what comes in and what goes out every single day. In short, the credit card has been {extremely

immensely} {kind

generous

good} to me.

Obviously I am now in the position to do something about the debt I have built and my credit score. I should have a job soon, so I can really start repairing my credit. I read a lot of information on the web, some conflicting with each other and some not extensive enough for me and my position. Then I came across Dan Beck’s Credit Repair and Credit Scoring.

{Conclusion

My conclusion

The conclusion

Personal conclusion

So, what now?} {{From the start

Since the beginning}} I was {convinced

persuaded} with the {authority

legitimateness

lawfulness} of the {creator

author

maker} of this book. I {researched

investigated

examined

checked

explored

reviewed} his claims and {experience

knowledge

background} and I was convinced. Also, I was {surprised

stunned

astonished

startled

amazed} by the 60-day return no questions asked by getting this {valuable

priceless

expensive} {material

data

information

reading}. That means to me that Dan Beck has a surplus of {confidence

trust

faith} in his product. I have now been reading for about a week and I am very satisfied with the content. I have experience in this field and I have knowledge of several issues mentioned in Dan Beck’s material. Also, the educational videos have proven very informational. Just simply go back a bit if you didn’t understand something at first. It’s {superb

excellent

first-rate

breathtaking

great

magnificent}. I have been {busy

active

on duty} for a long time to fix my repair AND get my credit rating up. Dan Beck’s Credit Repair and Credit Scoring Education has taught me in a week what I have been reading and trying to understand for more than 2 months. {Big

Great

Huge

Massive

Tremendous} source of {knowledge

information

ability

facts} and I can really do something about my credit situation now.

Many MANY thanks to Dan Beck for his personal assistance, professional advice and thanks for Credit Repair and Credit Scoring Education.

{Credit Repair and Credit Scoring{ by Dan Beck}

Credit Repair and Credit Scoring{ by Dan Beck} Details!

Visit Credit Repair and Credit Scoring by Dan Beck!}

Personal Loan Comparison – For the Perfect Deal

By blogger on

Personal loans are special financial instruments that satisfy your money requirements at the time of emergency or other personal desires. Due to this reason, they have gained tremendous popularity all around the world; and are greatly acknowledged by several people due to their useful assisting abilities.

However, when it comes to opting for personal loans, there are certain factors that need to be kept in mind such as:

Acquiring the loan from a trusted financial institution

Identifying the limit of money to be borrowed

Establishing a specific time duration to repay the entire loan amount

In addition, it is to be noted that any money related matter should be dealt with carefully and systematically. This is because these issues are risk-oriented and can land you in big trouble at times of hasty decisions. Hence, it is highly recommended that you first undertake effective research work and then compare the different personal loans with each other thoroughly, to ensure maximum security.

There are a number of factors, needed to be compared while making the most suitable personal loan deal, such as:

Easy Availability of Loans: Make sure whether the loans are available easily or require various complex formalities. Compare the different options offered by the personal loan provider and avoid getting into the trap.

Verifying the Specific Terms and Conditions: Out of the several personal loan providing sources, there are some who set specific terms and conditions before providing the loan, while there are others who do not follow the same pattern. The terms and conditions discussed here are depositing security, guarantors or collaterals. Hence, define your objectives and your financial status and compare the two options as per your definite needs.

Range of Loan Amounts: It is you who knows how much loan amount is required to satiate your current needs and desires. Consequently, set your limit and look out for the range of loan amounts provided by different personal loan suppliers, to meet your exact requirements. For instance, if you are in need of 1000, search only for those financial institutions which provide personal loans, whose amount range include 1000.

Modes of Loan Repayment: Establish the different modes through which you can repay your loan or credit. Some loan providers offer special options with specific time period, so that you can make arrangements to repay the owed amount on time.

Special Offers: Keep an eye on the special offers provided by various financial sources and select the one that is most advantageous to you. Conduct extensive research and compare the various offers before making the correct personal loan decision.

Bank write-offs double for bad credit card debt

By blogger on

The Bank of England has reported a significant rise in the amount of money that banks have written off as bad debts on their credit cards.

The Bank figures show that the total value of the write-offs doubled to 1.6bn in the third quarter of 2009.

In the first and second quarter, the figure had been around 800m. The total amount of credit card related write-offs totalled 3.2bn during 2008.08.

These unusually high figures are largely due to the recession and are an acknowledgement by the banks that defaulting borrowers will never repay the outstanding debts.

In comparison, the total amount of mortgages written off in 2008 was just 408m, while averaging 260m in each of the first three quarters of 2009.

Banks and other lenders put much larger sums, running into several billions of pounds, aside each year to cover potential losses on credit cards, mortgages, overdrafts, and personal loans.

“There was a one-off write-off of impaired credit card balances by one of the banking groups,” said a spokesman for the British Bankers’ Association.

David Black of the financial consultancy Defaqto, said that over the last four years, banks have been much more careful about who they will lend to.

“HSBC, NatWest and RBS will only offer new credit cards or unsecured loans to their current account customers,” he said.

“Banks also want to sweep bad news into one year’s accounts to make future years look better,” he added.

Paul Chehade – Need Help With Debt Consolidation

By blogger on

Paul Chehade – Need Help With Debt Consolidation?

Do you want to take measures to reduce your debt? Are you at wits end from the pile of bills on your desk? If this sounds like you, there is help. Continue treading to learn more about how debt consolidation may work for your situation.

Prior to taking action, do a thorough review of your own credit record. You need to know what got you in your situation. This can help you to avoid making yourself go further into debt once debt consolidation has helped you.

Think about long-term ramifications when you choose a company for debt consolidation. You want to fix your current issues, but you need to know whether a company can work with you as time goes on, as well. Some offer services and classes to help you avoid needing such a loan again.

Are you the owner of a life insurance policy? You may wish to cash it in to pay off the debt. Talk to your insurance agent for more information. Sometimes you’re able to borrow some of what you’ve paid in.

At times, filing for bankruptcy is necessary. However, filing for bankruptcy will ruin your credit score. But, if you simply cannot repay your debts, your credit is probably already damaged. You can get your financial house in order by clearing the decks and starting fresh with a bankruptcy.

An offer for a new credit card that features a low interest rate can be a powerful asset in a plan to consolidate your debts. The interest rates they offer tend to go up once the initial period of low interest ends. You will have to pay the card off quickly before the interest rate goes up.

See a company comes up with the interest rate for your debt consolidation. Fixed interest rates are ideal. That means you will understand how much you will pay in total. Watch out for any debt consolidation program with adjustable rates. If the rates go up enough over the loan period, you may actually end up paying more than the original debt.

How have you accumulated your debt? You must decide this prior to assuming any consolidation loans. Even if you do get a debt consolidation loan, you may still find yourself in debt if you don’t fix the original problem. Therefore, discover the cause(s) of why you are in debt, resolve it, and then pay off your outstanding debts.

Have you considered debt management? If you pay your debts by managing your situation, you’ll be paying less in shorter period of time. There are many companies who will help you negotiate lower interest rates.

When you consolidate debt, your goal is to have a single payment that you can afford to pay every month. Typically, you should have a plan where your debts will be eliminated after 5 years. Some individuals chose shorter or longer plans for getting out of debt. You’ll have an end date for getting out of debt, so you’ll be able to stick with your goal more easily.

If you are looking for a debt consolidation company in Florida or Maryland, realize that they do not need to be licensed. If you live in one of these states, you might want to use a firm from another state which does require licensing. You have no legal protection if you choose a local firm.

There are many people who don’t have a proper understanding on how debt consolidation works and what it can do for you. It can be tough to go through, but easier than having the heavy burden of debt. Take the information in this article and use it to get back on the path of financial stability.

Paul Chehade

Solidary Foundation

# # #

Smart Ways To Use A Credit Card

By blogger on

Aren’t you sick and tired of hearing how “bad” credit cards are and that we should all just cut them up and start living on cash again. Although this sounds nice in some ways, the reality is that we live in a consumer society and credit cards have become a major part of life. The problem is when people don’t know how to use credit cards. Credit card debt is no joke and it can suck you in like quick sand. You can blame credit card companies all you want but in the end its your responsibility to be smart with your money and your cards.

Credit cards do have a positive role to play in personal finance. If you are smart with it, it can help you better manage and spend your money and it can give you the financial leverage when you need it most. Here are 3 smart uses for credit.

1. Emergencies

I do not recommend or encourage anyone to live on credit. its a recipe for disaster. Instead, the best way to use your credit cards is to use it as backup. We all have financial disasters that usually hit at the most inconvenient times. If you don’t have life savings to fall back on then it can really hit you hard. Having a card as a backup can really be a lifesaver and at a fee of about $50 a year, it’s well worth the security that it provides in case you need it.

2. Controlling Your Spending

One of the reasons why so many people fall deeper and deeper into debt is because they get caught with their pants down – so to speak. They spend and spend and then fail to make the minimum payments. When interest starts kicking in, its usually already too late and you start sinking. The smart way to use your card however is to pay it off in full every month. Its a great way to control your spending and to now exactly how much you are spending on what. It works really well if you dedicate specific expenses to a specific card – like your groceries. However, the secret is to pay it off in full every month.

3. Large Purchases

One of the reasons why businesses like to use credit cards is because it allows you to conveniently make large purchases – even on the internet. We can all get cards with relatively high credit limits and if you have to make large purchases for say a building project or if you buy a lot of stuff online, then its ideal. Once again, the secret is to clear this debt each and every month. On large purchases, the interest can be just as large so make sure you wipe the slate clean every month.