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Add Debt Acquired During Holiday Season To Your Total Debt January 10, 2009

Posted by Vedis in : Debts / Credit Card Debts , comments closed

I read that credit card companies are willing to lower interest rates and waive late fees for struggling credit card holders.

This is definitely a good piece of news to those debtors who are struggling in making monthly payments, especially after holiday season.

Holiday season is over and it’s time to add your debt acquired during holiday season to your total debt.

Buy Cheap Books: The Power Of Your Subconscious Mind (Perfect Paperback) December 17, 2007

Posted by Vedis in : Buy Cheap Books Online , comments closed

Before my debt reduction, I used to say,

” I have had a streak of bad luck and misfortune.”
” I own a home, but it is mortgaged to the hilt.”
” I don’t have enough money to buy the basic necessities of life for my family.”
” I cannot meet the mortgage payment or the grocery bills.”
” My life is a total mess.”
” Gosh ! My debts have snowballed to six figure ! $63,809 !”
” I am in arrears for monthly payments.”

I used to be harping on negative statements. Fortunately, I am a changed person now. I realize now that the Infinite Intelligence within my subconscious can reveal to me everything I need to know at all times; that I can receive inspiration, guidance, new, creative ideas and a solution to financial problems. (more…)

You Can’t Make Your Minimum Credit Card Payment December 3, 2007

Posted by Vedis in : Credit Cards , comments closed

You are not able to make your monthly credit card payment because you’re going through a period of financial difficulty, or you’re simply overspent.

When you can’t make your monthly credit card payment, the absolute worst thing you can do is just let the bill go unpaid. Your creditor can charge you a late fee, raise your interest rate, and report the late payment to the credit bureaus.

Not only that, if any of your other creditors have a universal default clause in your card agreement, your interest rate on those credit cards will go up, too. (more…)

How To Choose The Right Credit Card ? May 14, 2007

Posted by Vedis in : Credit Cards , comments closed

When it comes to choosing a credit card , UK consumers are getting more and more savvy if compared to Malaysian consumers. There are hundreds of credit cards available with great deals in the market, thus getting the right card is important. Choosing the wrong credit card will cost you a fortune in unnecessary interest payments to the credit card companies.

While credit cards are a marvelous convenience, they are also a crafty money trap. I am not talking about the way plastic tempts you to overspend. What I mean is that we do not read thorough enough on tips and information to help us choose the best credit cards.

Share with you some of my tips on choosing the right credit card:

1. Compare Interest Rates. Don’t just focus on the low promotional interest rate which will only last for a limited period. Get a permanent low interest credit card that will help to keep your monthly payments low on larger purchases.

2. Apply for Credit Cards During Promotions. Make use of the annual fee waiver, balance transfer, contest and free gift that credit card companies tend to offer new members. Find out more about the different balance transfer being offered if your existing outstanding balance is costing you too much.

3. Consider Cashback Credit Cards or Low Interest Credit Cards if you’re the type of person who always pays the balance in full every month. Then, you stand to gain most from one of these cashback credit deals.

4. Choose Credit Cards Relevant to Your Lifestyle. Let’s say you are an avid supporter of your football team. Use a football credit card to support your club and help the talents of the future.

What if you are like me who likes to give to charity once in a while ? A charity credit card uses a reward or loyalty scheme just like a cashback credit card – but instead of paying the reward into your pocket, the credit card company contributes it to the charity listed on the face of the credit card.

5. Compare All Charges on Your Credit Cards. Besides interest, there are other fees you may have to pay, such as annual fees, late payment fees and fees to participate in a reward program.

6. What About a Bad Credit Credit Card? It is a great option if you have difficult circumstances or poor credit history like me. Nearly every major issuer of credit cards offers a ‘bad credit credit card’ – a card that is specifically designed for those who’ve had credit problems in the past.

Would you like to read more resources like news and reviews on the latest credit card UK before you apply for one ? If your answer is YES, congratulations! You are well-prepared for a debt free life by equipping yourself with all the necessary information about credit cards.

To quickly find the right credit card for you, either select the way in which you pay your credit card bills each month or the type of credit card you’re looking for below, compare cards using the credit cards wizard.