No Credit Card Means No More New Debt October 9, 2008
Posted by Vedis in : Credit Cards , add a comment
I have no credit card with me any more. The last one that I used for emergency was also terminated a few days ago.
It’s good that I just have to concentrate on paying off credit card debt. No more new debt from now on. This also means that I must use cash on everything, even on a pack of biscuits or a best buy cap.
What if I run out of cash when there is an emergency? Well, leave it to God. He will take care of it.
Totally Debt Free From 0% Interest Rate Credit Card Debt September 27, 2008
Posted by Vedis in : Credit Cards , add a commentI am happy to hear that my buddy who was once stuck in credit card debt secured one of the most lucrative Chicago jobs.
Yes, she was one who was once burdened with tonnes of credit card debt. The number of credit cards she used to own would make your jaw drop and your eyes pop wide open.
She was also one who would grab any 0% interest rate offer or 0% APR credit card deal that went to her at the shopping mall.
Now, she is totally debt free from credit cards.
Only people who suffer from hefty credit card debt will understand why I stop recommending credit card offers, be it the best 0% interest rate credit card deals or the best 5 cash back credit card offers.
Why Stop Recommending 0% Interest Credit Card Application Offers? September 27, 2008
Posted by Vedis in : Credit Cards , 1 comment so farIs it weird that a work-at-home woman burdened with credit card debt doesn’t recommend 0% interest credit card application offers to people?
There are so many people out there who are very disciplined when it comes to using credit cards, so why stop recommending 0% card credit purchase, 0% best card credit interest, or 0% balance rate transfer offers?
Isn’t it great that I can make money to pay off credit card debt fast if I promote 0% interest credit card application offers? Selling credit card offers definitely brings in more moo if compared to selling promotional pens, right?
I know, I know …
Stop Recommending 0% Credit Cards, Balance Transfers Or Personal Loans August 28, 2008
Posted by Vedis in : Credit Cards , 1 comment so farI started blogging about my credit card debt in April 2007. While blogging away my debt, I also shared with readers credit cards and credit card offers.
However, after months of reducing my credit card debt, I decided to stop recommending 0% credit cards, balance transfers or personal loans.
The reason is simple. I no longer use any credit card. I feel good using cash.
If you are deeply in credit card debt and truly want to reduce your credit card debt, stop using your credit cards for expensive baby clothes, start using cash and pay down your credit card debt diligently.
You Don’t Need Tips On How To Choose The Best Credit Card July 10, 2008
Posted by Vedis in : Credit Cards , add a commentLike choosing the best fat burner, there are also tips on how to choose the best credit card. In fact, 12 tips.
I no longer need to read tips for picking the best credit card. The reason is simple. My goal is to be debt free in 3 to 5 years.
No more using credit cards. Use cash or debit cards. Not enough money when it comes to buying big tickets? Then, delay the purchases.
Why 0% APR Credit Cards Are The Most Advantageous Of All Credit Cards April 25, 2008
Posted by Vedis in : Credit Cards, Fun Stuff , add a commentMillions of Americans have credit cards, using them almost every day for everything from mundane things like groceries to exciting purchases like vacations. Every credit card offers you some benefits or deals, but 0% APR Credit Cards are typically the most advantageous of them all.
Articles about Credit and Credit Cards you come across will recommend you 0% APR credit cards if you are financially stressed because of credit card debts. 0% APR credit cards can save you hundreds of dollars or even thousands of dollars a year in interest, thus reduce your financial burden.
By utilizing the money from 0% APR credit cards, you can pay back unpaid amounts from higher interest cards. It’s simple calculation. Let’s say you have $2,000 in debt on a credit card with a 12% interest rate, you will spend close to $250 on interest. What if you have 2 or 3 credit cards?
Whether you are paying a 10% interest rate or 20% interest rate, 0% APR credit cards can save you hundreds or even thousands of dollars a year in interest.
Another benefit is that if you have uncommonly high expenses or a requirement of extra money, 0% APR credit cards can help tide you over during difficult financial times.
Applying for 0% APR credit cards is easy and fast. Visit a credit card comparison site that provides you with a range of the best 0% APR credit cards to choose from. Once you have found the right one, complete the online application and wait for approval.
Immediate Credit Card Care Service Has All Your Credit Card Application Queries Answered March 27, 2008
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We live in a society where many decisions have to be made almost immediately. Creditors know this well and have developed an Immediate Credit Card Care Service for you to have all your queries answered before you click the Apply Online button.
This way of applying for a credit card online and receiving approval within one or two minutes is fast because computers do much of the legwork by pulling up your FICO score to measure your creditworthiness. The higher your score, the more likely you’ll be rapidly approved.
If you know that you have excellent credit, then you’ll have no issues in getting approved for Excellent Credit Cards. The credit cards with the best terms and rates will always go to the consumers with the best credit. So, it is always a good idea to know what your credit report says about you.
Even if you have very bad credit or no credit history at all, you will still be able to apply for Bad Credit Cards or No Credit Cards. You are still given chances to build, rebuild or re-establish your credit with Bad Credit Cards or No Credit Cards. Just make sure that you make on-time payments with all of your creditors and maintain your account balances below the credit limits.
Before you apply online for your new credit card, read the terms and conditions carefully. Check to make sure there are no surprise fees.
After you receive the news of your approval, you can expect your new credit card to arrive in the mail usually within 2 weeks.
How To Save Money On Interest Expenses? March 24, 2008
Posted by Vedis in : Credit Cards , add a commentWe have heard a lot that if we pay off our credit card balance every month and only spend what we can afford to spend , we can avoid interest expenses and finance charges. It’s like getting an interest-free loan. Isn’t that a great way to save money?
That would be a great idea. But how many of us can actually do this? Studies show that many people with credit cards pay just the minimum amount every month, and “roll over” the rest to pay the following.
Then next month, we roll the charge over yet again. That means we pay interest on our loan, every month. Plus,we pay interest on the interest we owe !
Isn’t there a way in which we can save money on our credit cards? Fortunately, there is. Look for low interest credit cards offering 0% Interest or APR for up to 12 months on all purchases and balance transfers. The length of your introductory period will be either 12 months for purchases and balance transfers or 3 months for balance transfers only, depending on the review of your application and credit history. (more…)
How To Pay Off Your Debts Quickly March 20, 2008
Posted by Vedis in : Credit Cards , add a commentIf you’re facing debt, then you need a plan. Until you do something about it, your debt is going to continue to pile up, just on the interest alone. However, with a little ingenuity and some simple disciplines, you can turn your debt around, and have a positive income to debt ratio in no time.
First, before repairing your debt, you have to stop accumulating debt. This means getting rid of those pesky credit cards! Or at least, create a strategy to use them less. One way to do this is to analyze how much debt each month you currently are taking on. Let’s say each month you charge $100 on your credit card, and you only pay $10 of it back. This means you average $90 of debt per month. (more…)
Take Control Of Your Finances March 20, 2008
Posted by Vedis in : Credit Cards , add a commentIf you are struggling to keep up with repayments on a number of different debts, perhaps money owed on store cards, credit cards or a loan you should really take action now to take control of your finances.
On one hand it is very good news that people are looking to consolidate their debts and take control of their finances, however on the other hand it is essential that these people do not fall into the false thinking that because they have consolidated their current debts they can suddenly afford to borrow even more.
