Credit card companies and their policies are one thing, but remember the bottom line – they don’t want you to pay off your balance and they want you to pay around the due date. Learn more about what your credit card company doesn’t want you to know.
Credit Card Practices by Credit Credit Card Companies are going to change. New Credit Card Rules will affect late payment fees, late payment interest rate changes, and late payment notification to credit report. No more hard to read billing statements or bogus fees and charges.
The story of how I personally racked up â€“ and then eliminated — $23,000 in credit card debt is a unique one, and I am hoping someone else out there can find some solace and a few lessons in the roller coaster ride that has been the last eight years of my financial life.
Balance Transfers to lower Interest Rate Credit Cards can be an effective way to get out of debt. If applying for a mortgage or a car loan be careful with opening new credit cards and transferring money to your new credit cards. Credit Scores can drop with new credit and high balances to limits.
Often Credit Card Fraud and Identity Theft can be indicated by similar unauthorized credit card activity, or phone calls from supposed bank and credit card company officials seeking personal information and account information. Learn how to spot credit card fraud and ID Theft and ways to prevent someone from stealing your identity and credit card information.
Credit Card Companies Are Not Your Friend If You Violate Any Portion of Your User Agreement. With late fees, over the limit fees, their ability to change your rate at the blink of an eye, higher rates for this and lower rates for that it seems like they are a financial predator. Here are some tips about credit cards to watch out for.
Debt Collectors Have to Abide by the rules of the Fair Debt Collections Practices Act. Collectors often violate the FDCPA because many consumers do not how bill collectors violate the consumer credit laws. Know collector violations and protect yourself.
Credit cards are great because of their convenience for one reason. But, are you getting most bang for your buck? Try using a reward credit card, like one that offers you cash back based on your new purchases.