All posts in Credit Card

How Can I get Credit Card Debt Relief

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Two thirds of American citizens own one or more credit cards and many citizens are suffering from credit card debt. Collectively, Americans owe credit card companies a whopping $917 billion and $69 billion of that amount is past due. While many Americans use their credit cards sparingly and pay off their balances each month, others rely on their line of credit to pay their bills and, as a result, accrue an ever-increasing amount of debt. A recent Consumer Reports study states that almost one third of Americans carry a credit card balance over $10,000, an amount that grows every day due to high interest rates and the inability to pay off principle.

For many Americans, credit card debt relief seems impossible. Even if they are able to make their monthly payments, credit card users are not able to make a big enough dent in their credit card debt to be able to anticipate freedom from debt anytime soon. Help exists, however, in the form of debt consolidation and credit card debt relief companies that work with consumers and their creditors to get debt under control. Many customers of debt relief companies opt for credit card debt consolidation which removes the hassle of having to make many separate monthly payments and allows individuals to make one payment each month which is often lower than what they had previously been paying.

Credit card debt relief through debt consolidation helps families to stop wasting money by making multiple high monthly payments. Once a credit card balance passes a certain point, it often seems that a major portion of each monthly payment goes toward interest and the principle balance does not get any lower. By consolidating credit card debt, however, consumers can lower interest rates and make one payment each month that will help them to actually eliminate their debt in a shorter amount of time. There is also the added bonus that the debt settlement company will pay the customers creditors for him so that he never has to deal with them again!

Another advantage to credit card debt solution is the ability consumers will have to save the money they are no longer spending on multiple monthly payments. By saving money each month and consistently making their lowered monthly payments, consumers can avoid future debt and slowly rebuild their credit scores. If credit card debt relief procedures are followed consistently, an individual can find himself realistically debt free in the future and more knowledgeable about responsible financial practices.

There are many ways for an individual or a family to fall into credit card debt. A lost job or sudden illness can leave a person with no option but to turn to credit cards in order to cover unexpected costs. As time goes by, the amount of debt only increases, but it no longer has to. By being proactive in seeking out methods of credit card debt relief anyone can take control of their financial situation and achieve freedom from debt. There is no need to wait – debt settlement and consolidation is the solution many Americans have been looking for to help them get back on a positive financial track toward a more secure future.

Flexible Payment Processing

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It is very important for every company and business to remain relevant with today’s technology. If you own a business, you can increase your profit and client satisfaction by signing up for a merchant account and use one of our free free credit card terminals. Most consumers enjoy making payments with credit cards. Since they enjoy using credit cards for most transactions, it is essential for your business to have a merchant account.

A merchant account allows you to accept credit card payments through the use of credit card processing equipment. At Total Merchant Services, you can choose from several credit card processing machines. They offer a free wireless credit card machine when you sign up for a merchant account through them. These units work using a radio signal, and units that allow you to use your smart phones to swipe credit cards. It is important to utilize the services of a reliable merchant account company. Total Merchant Services is one of the most reliable and renowned providers of merchant account services and they will help you increase the productivity of your business.

Total Merchant Services is recognized and respected by many businesses for providing the most secure and reliable merchant account services. Whether you desire credit card processing services for your retail, wireless, mobile, or internet business, Total Merchant Services is here to assist you. They provide free credit card equipment that allows you to accept payment from your clients at low rates. With a merchant account, you can accept payments from all major credit and debit cards like American express, Visa, Discover, and MasterCard.

If you are looking for a reliable service provider that will help you to accept credit cards through credit card machines or a payment gateway, then Total Merchant Services is the company for you. Total Merchant Services has an A+ rating with the Better Business Bureau, and was also voted as Independent Sales Organization of the Year at the annual ETA conference. The company provides Authorize.net for businesses who wish to use an ecommerce payment gateway. With this excellent program, you can run transactions on your website or key them in manually. By using this trusted and effective program, you can provide your clients with safe and secure credit card processing services.

Total Merchant Services’ top priority is offering the best merchant account services to their clients.

If you are interested in obtaining their services, visit their website, www.cardpay.net, today.

The Schewels Credit Commitment

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The Schewels Furniture Company had been in the business of selling home furniture for over 100 years now. They continue to keep a good reputation to their customers because they are credible, give the best-quality items, best services, and now they also offer Schewels Credit to make it much easier for everyone to buy home furnishing from them.

They are committed to making every home in the United States, and perhaps in the future for the rest of the world, to have the right kinds of home furniture that will make every house turn into a cozy home. A family needs a home that has all the needed furniture. Whether you’re the wealthiest man out there, or you are just making ends meet, we all need to be comfortable and happy at home. So, they offer Schewels credit to those who can’t afford to buy home furnishing straight away and doesn’t want to use a credit card with really high interest rates if they can’t pay in time. With the in-store credit, customers are given a flexible deal based on their financial capabilities and how much they can pay each month. If the monthly budget is less than the regular deal, the in-store credit counselor could extend the time of payment so customers don’t need to adjust their budget just to add a few extra dollars for their monthly payment at Schewels. They don’t request assistance from a third party financial company or bank as they will be charging more interests from the customer. Though this would protect the company, but it would be an added burden to their customers. They want to make sure that every customer who avails of in-store credit would get the lowest interest rates. After all, they availed the in-store credit because they have limited budget.

The Schewels credit option is very practical and useful. To those who can afford, they can avail of this too if they want to purchase a higher-end piece of home furnishing that they normally couldn’t afford. It’s like raising the bar a little without making them feel the difference as the monthly dues are minimal and won’t affect their budget for their monthly needs. It had helped thousands of families to finally get the right pieces of furniture for their homes. Now they can just go to Schewels and buy home furniture when the need would arise and not worry about breaking the bank each time. The company had been successful with this idea, and it had helped boost their reputation as well. They care about their customers a lot. Elias Schewel will most definitely be proud if only he could see how much his company grew throughout the years.

Avoid Making These Mistakes With Your Capital One Card

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A Capital One card is a safe and convenient way to pay for everyday purchases, often while getting cash back and other rewards for every pound you spend on the card. However, careless use of your credit card can get you into financial trouble very quickly, and you may find it nearly impossible to get out of deep debt when interest rates are adding up monthly.

Here are four mistakes that you should avoid at all costs when shopping around for or using your Capital One card.

1. Not doing your homework when you apply for a credit card. Credit card offers vary considerably. Some have high interest rates but no annual fees, while others have low interest rates but low credit limits. The key to finding the right card for you is to decide what features you need, and go from there. Consider these factors when shopping around for a card:

Interest rates. High interest rates won’t matter to you if you pay your balance off in full each month, but if you tend to carry balances over, you should look for the lowest possible interest on your new card.
Annual fees. Although fewer cards are charging annual fees today than in the past, some cards–especially those that offer rewards such as cash back or points–still charge an annual fee to help recoup costs of paying out rewards or offering other benefits. If you can afford the annual fee and the benefits of the card outweigh the fee based on your needs, then by all means, go for a card with an annual fee. However, if you’re generally strapped for cash or the benefits don’t outweigh the fee, steer clear of cards that charge one.
Rewards. If you’re going to have a credit card, it may as well come with rewards. Rewards cards come in many flavors, including allowing you to earn points that can be redeemed for travel or merchandise and cash back cards that give you a certain percentage back on purchases you make. However, if you don’t use a credit card often, rewards cards may not be your best bet, as the higher interest on these cards can negate any rewards you get.
Introductory offers. While you should never apply for a card based solely on the introductory offer, these offers are meant to entice new customers, and they’re often quite enticing. Some credit cards offer a lengthy period of interest-free spending, while others might offer double or even triple points on purchases for 90 days. Make sure the rest of the card features, such as the interest rate and any fees, are in line with your finances and your needs.

2. Paying only the minimum amount due on your Capital One card. Interest rates on credit cards are designed to make the credit card company lots and lots of money. Unfortunately, this often comes at the expense of consumers’ financial situation. Carrying over balances from month to month means that you’re paying interest on those balances, and interest charges can add up fast, making it difficult to get out of credit card debt.

3. Treating your credit cards as a second income. Just because you have a credit card doesn’t mean you can afford to use it to make frivolous purchases. The general rule of thumb is, if you can’t afford to pay for it next month, you can’t afford it. You will eventually have to pay back the money, and if you charge with abandon and without regard to what you can actually afford, you will find yourself in deep debt very quickly indeed.

4. Ignoring your credit card statement. Credit card companies make mistakes, and in this day of rampant identity theft, it’s essential that you check your statement each month to ensure everything is as it should be. If you see any charges that you didn’t make, or if you are being charged fees that you’re unaware of, contact your credit card company immediately.

Risks In Having And Using Credit Cards

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Many people consider that credit card is a symbol of wealth and it can be a wonderful financial tool that offers great benefits for those who utilize it to their advantage. If you have strong self discipline to clear off your outstanding every month, holding a card makes a great financial sense to you. However, temptations to overspend and live beyond one’s earning ability are the main risks that cause the card holders to be burdened by deep debt.

Purchasing online and swiping the credit card during shopping are really easy tasks and you are definitely enjoying the moment. However, if you don’t have the ability to pay for the amount you swipe based on your current income, within a short period, you will find yourself drowning in debt. Not being able to pay back on time can lead to the damage of one’s creditworthiness and it is hard for obtaining other loans in the future. Although you won’t be sued for bankruptcy by the banks as credit card debt is an unsecured debt, it is hard for you to obtain any financial aid for other important purpose and the possibility to be blacklisted by the banks and financial institution is high.

Besides, you may also face the risk of identity theft. This happens when someone may obtain your credit card details and use them to make purchases online on your behalf. The purchases may be huge amount and you will be facing difficulty to prove that you never make the purchase. Normally in this type of situation, you will not be able to use your credit until the detailed investigations are done by the bank or credit card companies. Although the banks will not hold you responsible for such transactions, it is troublesome and time consuming for you to settle the case.

To sum up, there are some risks you need to bear when you are holding the credit card. It is important for you to handle the usage in a careful and responsible manner.