Showing posts with label credit cards. Show all posts
Showing posts with label credit cards. Show all posts

Feb 24, 2014

Money Moves: Imagine Playing Your Financial Life like a Chess Game

To say chess is a popular game would be a gross understatement. Chess, for at least 1500 years, has been considered to be not just a game, but a true test of intellect and character. One can learn a great many things about chess that can be applied to one’s life, not the least of which is one’s personal finance. Chess is a game that requires patience, foresight, and an ability to understand your opponent. Much like your personal finance, these qualities are required for you to come out on top in the end. Here are a few things you can take away from playing chess and use to improve your financial life:

Sep 9, 2013

Low interest credit cards - how to make them work for you

Credit cards are borrowing instruments, unlike debit cards where you already have the money. Banks are there to make money too. Just like high street stores, they hope to maximise their profits within the rules. So it’s important to understand the basics and find a credit card that’s right for you – you can compare low APR credit cards here.

Now you know the rules, let’s find out how to play the game. The financial services industry charges interest on the money that it lends out. Let us assume you borrow £100 on your credit card and keep it for exactly one year before you pay it back. For the purposes of this article, we will assume your loan attracts 8% interest per year, which is the Annual Percentage Rate, or APR for that particular transaction.
Practical example

Aug 5, 2013

Brief Overview of Credit Card Machines

The world has witnessed so much of modernization eliminating the cash transactions from businesses. These days we have all sorts of online transaction which is popularized by the help of credit card machines. This is a device that can do transactions with a debit card or a credit card. Credit card machines securely transmit funds from one account to another. It is a Point of Sale terminal that can do transaction with a credit / debit card. This machine allows a merchant to insert, swipe, or key in manually the required credit card information and transmit such data to the merchant service provider for consent and then later on the transfer the fund to the merchant. It is used by merchants to directly capture card information instead of manually entering it in card details. Credit card machines are efficient enough to provide the benefit of decreased transaction processing times.

Jul 31, 2013

Info on how to Reclaim a PPI and do you Qualify for it?

PPI is one of the extremely usable insurances. However, it is observed that in majority of the cases PPI is mis-sold along with credit cards, loans and mortgages. There are several cases recorded where PPI was mis-sold and finally proved to be of no use when they were claimed. Well, in such a case there is only one option left out and that is reclaiming PPI. You can reclaim your PPI by yourself or by hiring a solicitor or a claims management company.

Jun 13, 2013

Choosing Credit Card Processing Companies?

These days whether be small or big businesses accepting credits cards is very important because without them you know you are going to loose quite a many customers. But the processing of the payments for instance working with credit card processing machines is not a layman’s job. For this you need to hire a credit card processing company. Since it is completely upon computer and internet networking not all business owners has an idea how it works. Very few credit card processing companies work for the betterment of their clients. You will never know about the service and may even loose thousands of money just as hidden cost. Hence choose the credit card processing companies carefully for which there are certain intelligent methods as well.

May 21, 2013

Practical Tips to Improve Your Credit Rating

As the economy continues to be in doldrums, lenders are becoming very cautious to the people they give credit facilities. Some lenders charge high interest rates to individuals with poor credit rating as a way of mitigating the default risk involved. A good credit rating will definitely boost the chances of getting financial products such as mortgages, personal loans and credit cards from banks and other lending institutions. On the hindsight, a poor credit rating will limit your borrowing options. It is therefore very important to put strategies in place to improve your credit rating. Discussed below are ways you can improve your credit rating:

Apr 3, 2013

Top Ten Tips for Getting Yourself Out of Debt


Unchecked debt can snowball, and before you know it, it can feel like there’s no way out. Here are a few tips to get you started on regaining control of your finances:

1. Get motivated.

Setting yourself an end goal and reminding yourself of it every day can help and give you that extra push. Promise yourself a reward each time you reach a milestone, such as paying off credit card debt or sticking below your budget. If you feel negative all the time it can feel like a losing battle and you’ll fail before you even start.

Mar 27, 2013

5 Ways to Avoid a Bad Credit Record

Having a bad credit record can severely impact on your life in a range of ways. You can experience difficulty finding a place to rent, as well as having applications for credit cards, loans and even phone contracts constantly knocked back. Preserving your credit record is particularly important if you are considering a home loan in the next few years. Here are 5 simple ways to avoid a bad credit record.

Jun 23, 2012

What to Toss, Save or Shred While Financial Spring Cleaning

Spring is the time to clean the garbage and get rid of those heavy, useless financial papers. Knowing what to keep and what to do away with is a difficult thing. Given below is a list of documents that you should toss, shred or save for future reference.

What so Toss:

Home Improvement Documents


No one is interested in your home improvement documents, but the tax authorities. Once you get your tax cleared, it’s time to get rid of these heavy documents.

Jun 21, 2012

How overspending can ruin your financial life?

With today’s expenses and their prices, it can be very hard not to overspend. Still, that isn’t an excuse to stray out of your budget. You know why? It is because overspending can only lead to more problems than you think. Overspending can affect your whole life. With all the possible consequences, it may jump to one problem to another.

May 21, 2012

What's Your Credit Status?

Knowing your credit status is important not only when you need to apply for a loan, but also because it can affect other areas of your life, such as your ability to get insurance coverage or even a job.

Once you know your status, you can go about working to improve in any areas in which you need to.

The first step to checking your credit status is to get a copy of your credit report. In the U.S., each person is entitled to a free copy of their report from each one of the three major credit bureaus annually, through annualcreditreport.com. You can also go to MoneySupermarket for a credit report or another website, but you likely will have to pay.

Dec 12, 2011

5 Financial strategies that credit card companies do not want you to know about

For some people saving money is like getting a root canal from a dentist - not much fun, and very painful!

And that's exactly how the banks that offers credit cards like it - the more you use your credit cards, the more money they make. Because the more you use your cards the more likely you are to miss a payment, go over your limit, or simply just start carrying a balance every month. All of which make them money!

So if you are a spender, and you like using your credit cards, it's time to change some of your habits. This will make YOU more money so YOU are the one getting rich, not them. If you need a little help making this change, here are 5 financial strategies that credit card companies don't want you to know about:

Nov 30, 2011

Using self control to conquer your Credit Card Debt

United States citizens have a reported total of $886 billion in credit card debt in the year 2010 and the amount is forecasted to rise up to $1.177 trillion total. Each card holder is estimated to have over $5,000 in debt. Even though the state of the economy has taken a nose dive, TransUnion, one of the three large credit reporting agencies, reported that the number of delinquencies dropped by 17% in 2010. This shows that credit card holders are becoming more responsible and acknowledging that debt needs to be paid off when due.

Debt with cards is primarily due to high unemployment levels in the economy. When people lose their jobs, they focus first on paying items such as mortgage and food and place the credit card payments on the back burner. The resulting late fees increase the overall balance of the card, cause higher payments and make it difficult to catch up on.

Jun 27, 2011

How to talk to your Partner about Your Finances

It may surprise you to learn that one of the biggest causes of marriage and relationship breakdowns is not because men keep leaving the toilet seat up, and it isn’t even the endless battles over the television remote.

One of the biggest causes of stress and upset in a relationship is money, more accurately money troubles.

Whilst it’s perfectly natural to worry about money, especially when it is short supply, there are a number of ways that you can deal with the financial issues together; And that’s the key! You  must deal with your finances together.

May 10, 2011

Student Credit Cards: Starting the Road to Excellent Credit

Utilizing Student Credit Cards

Many times, students do not have enough credit to obtain a regular credit card. However, all students should keep in mind they can take advantage of student credit cards. These types of credit cards are not accessible by people not enrolled college course classes. When a student obtains a student credit card and effectively makes payments on any purchases charged, they are able to establish a positive credit history, which eventually enables them to qualify for regular credit cards.

May 2, 2011

Dealing with Credit Card Debt

If you have a large amount of credit card debt, you may struggle with the ability to pay your minimum monthly bill. Even if you are able to pay the debt, bills can become overwhelming, with much time and effort spent assuring the right amount goes to the right lender by the appropriate due date.

Credit card debt doesn't have to be so stressful. There are a few options for people with overwhelming credit card debt:

1. Debt consolidation: