Credit Card Tips

[Herry00]

Thanks a lot for sharing such a great information.

[minisoji]

How to Get a Credit Card if You Have Bad Credit

Instructions

Apply for credit cards at smaller retail stores. Sometimes these companies are more willing to give you a chance. If your application is accepted, make a small purchase and pay at least the minimum payment every month and on time. (If you pay more than the minimum payment, you won't pay as much in interest charges.)

Go to your bank, savings institution or credit union. If they already have your business, they may be more willing to give you a credit card.

Apply for a secured credit card if all else fails. You will be required to open and maintain a savings account as security for your line of credit. Your credit line will be a percentage of your deposit.


Ask a friend or family member to co-sign for a credit card. Remember that their credit counts as well, so choose someone with good credit. If you can't pay back the loan, they must, and it will appear as a blemish on their credit rating.

Tips & Warnings

* While you are trying to get a credit card, keep paying all your other bills on time.

* Once you get a credit card, you'll start getting offers for other cards in the mail. Be wise: You should have no more than three credit cards - one or two with a small credit limit and one with a larger limit for emergencies.

* Don't get a credit card from a single store or chain of stores. Use Visa, MasterCard, Discover or American Express, as these are widely accepted.

* Do not get a credit card that has an annual fee. There are lots of credit cards available that don't charge annual fees.

* If you are denied credit, by law the issuing company has to tell you why. Request a copy of your credit report to see what is in it.

* Don't overspend. Use your credit cards to your advantage. Only buy something that you can pay for in cash. This will keep you from buying more than you can afford.

* Many credit cards carry interest rates of 18 to 21 percent. If you cannot pay off your balance every month, you are spending more than you can afford and need to stop using your credit card until you can pay off the balance.

* Credit card interest is not tax deductible.

Keywords: Money, finance, banks, saving, invest, mutual fund, ATM, credit card, Joint Credit Card Debt, Cancel a Credit Card Payment

[puzzlemaster]

Thanks very much for this interesting information

[minisoji]

When Your Credit Card Is Lost Or Stolen


On the list of things you’d hate to lose, credit cards rank high on the list, somewhere between your kids and car keys. A lost or stolen credit card has the potential to cause a lot of damage, especially if you have a high credit limit. Because the last thing you want is damage to your credit at someone else’s hand, it’s crucial that you know what to do when your credit card has been lost or stolen.

Reporting Your Lost Credit Card

The first thing you should do is report your missing credit card to the card issuer as soon as you notice the card is missing. Don’t wait a day or even a minute.

Most card issuers print their customer service phone number on your billing statement. Locate a recent copy of your statement to find the number to reach your card issuer. Alternatively, if you have online access for your credit card, you may be able to use the website to report your missing credit card.

When you contact your creditor, you should have the following:

* your account number
* the date you noticed your card was missing
* the date and amount of your last purchase, if known

Even after you’ve contacted the card issuer by phone, it’s wise to follow-up with a letter. The letter should state that your credit card was lost or stolen and include the account number, date of loss or theft, first date the loss was reported, and the last authorized transaction. This letter will provide proof that you reported the loss should that fact ever come into question.

Dealing With Unauthorized Charges

The Fair Credit Billing Act (FCBA) protects you when fraudulent charges are made with your lost or stolen credit card. Under federal law, if unauthorized charges are made with your credit card, the maximum amount you can be liable for is $50. If the charges are made after you report the card lost or stolen, you have no liability. However, if the charges are made before you report the loss, your creditor can ask you to pay up to $50. That’s why it’s important to report your missing credit card as soon as possible.

Many credit card issuers have some type of protection benefit that eliminates your liability for any fraudulent charges as long as the card is reported missing within a certain period of time. Ask your creditor if such a benefit applies to your account.

Review your billing statement for a few months after the loss to catch any unauthorized charges made using your credit card. If you see any charges that you did not make, report them to your creditor as soon as possible.

Preventing Future Loss

* The best way to avoid a lost or stolen credit card is to remain aware of your card’s whereabouts at all times. At any point in time, you should only carry the credit cards that you’ll need. Leave the others at home. Take the steps necessary to keep your credit cards in a safe and secure place.
* Avoid placing credit cards directly into your pockets. It’s easier for them to slip out.
* Make sure your cards fit snugly inside the slots of your wallet or billfold. If the slots have become loose or worn, consider purchasing a new, stiffer wallet that will hold your credit cards securely in place.
* Take some time now to create a contact list including the name and number of all your card issuers. Store the list in a safe place so you can easily reach your card issuers if a credit card is lost or stolen in the future.

Keywords:Money, finance, banks, saving, invest, mutual fund, ATM, credit card, Joint Credit Card Debt, Cancel a Credit Card Payment

[misaelwade]

Thanks for your information.By doing this we can save lot of money.

[Jones4life]

My dad and my mum have credit cards. I will soon have one

[minisoji]

What Are the Rules Regarding Joint Credit Card Debt?


It is vital to know the rules that pertain to joint credit card debt due to the implications they can have on long-term credit scores. Joint credit card debt is common in today's society but few people understand all of the rules that govern this type of credit card debt. It is important to understand who is responsible for what, and who the creditor can legally contact regarding the debt and hold liable.

Joint debt

Joint debt is common with credit card holders because of the benefits of having two people listed on an account. Having more than one person listed on an account typically allows for a lower interest rate and a larger credit limit. Creditors will extend these more favorable rates and limits to joint debtors because both signers can be and will be held responsible for the debt. It makes the creditor twice as likely to get money owed from the debtors. When opening an account as joint debtors, be sure to plan for all possible life events

Divorce

Joint credit card debt between a married couple going through a divorce is a common source of problems. The rules of the credit agreement state that both parties will be held responsible for the debt and it will be necessary for the attorneys involved in the proceeding to split the debts between the two individuals in a fair manner. Once the debt is decided upon, the parties should call the credit card companies, inform them of the divorce, and see how they can handle the issue. In most cases the courts will issue judgments to the parties which state which credit cards will be paid by whom. However, in the case of default, the creditor can still contact either debtor for payment. In this situation, the debtor must return to court for a motion to compel to be filed against the other debtor.

Joint debt between unmarried individuals

Joint credit card debt between unmarried individuals can be dangerous. If a girlfriend and boyfriend take out a credit card together then break up, the debt stays intact and both parties are obligated to pay for all balances old and new. Call the credit card company, cancel the card for any future transactions, and work out a plan to pay off old balances.

Keywords: Money, finance, banks, saving, invest, mutual fund, ATM, credit card, Joint Credit Card Debt

[minisoji]

How to Cancel a Credit Card Payment

Should you need to cancel a credit card payment, it's an easy process. Most credit card companies make it easy to cancel payments either on the Internet or with a phone call to their customer service department.

1. Identify the company or provider for the card that you're interested in canceling a payment on. This information will be easily found in the bill it has sent you or perhaps on the card itself.

2.Decide whether you'd like to cancel over the Internet or make a phone call. This is a matter of personal preference. In some instances, canceling over the Internet can be the faster route, as customer call centers are often swamped by many callers.

3.Gather all your credit card account information. Whether you call in or cancel over the Internet, you'll need to tell them your account number, your name and verification of identity. The credit card company also needs the billing number for your payment. This is the number affiliated with the payment you're trying to cancel.

4.Give all the requested information to the operator or follow the steps on the credit card company's website. Click on Cancel a Payment and type in your personal and payment information. If you call your cancellation in, be sure to specify that you are canceling a payment.

5.Provide a reason for your canceled payment. It's likely you will be asked for one and there's no problem with canceling a payment. As a credit user, it's a wise decision to be in good communication with creditors.

Keywords: Money, finance, banks, saving, invest, mutual fund, ATM, credit card, Joint Credit Card Debt, Cancel a Credit Card Payment

[minisoji]

What Are the Rules Regarding Joint Credit Card Debt?

It is vital to know the rules that pertain to joint credit card debt due to the implications they can have on long-term credit scores. Joint credit card debt is common in today's society but few people understand all of the rules that govern this type of credit card debt. It is important to understand who is responsible for what, and who the creditor can legally contact regarding the debt and hold liable.

Joint debt
Joint debt is common with credit card holders because of the benefits of having two people listed on an account. Having more than one person listed on an account typically allows for a lower interest rate and a larger credit limit. Creditors will extend these more favorable rates and limits to joint debtors because both signers can be and will be held responsible for the debt. It makes the creditor twice as likely to get money owed from the debtors. When opening an account as joint debtors, be sure to plan for all possible life events

Divorce
Joint credit card debt between a married couple going through a divorce is a common source of problems. The rules of the credit agreement state that both parties will be held responsible for the debt and it will be necessary for the attorneys involved in the proceeding to split the debts between the two individuals in a fair manner. Once the debt is decided upon, the parties should call the credit card companies, inform them of the divorce, and see how they can handle the issue. In most cases the courts will issue judgments to the parties which state which credit cards will be paid by whom. However, in the case of default, the creditor can still contact either debtor for payment. In this situation, the debtor must return to court for a motion to compel to be filed against the other debtor.

Joint debt between unmarried individuals
Joint credit card debt between unmarried individuals can be dangerous. If a girlfriend and boyfriend take out a credit card together then break up, the debt stays intact and both parties are obligated to pay for all balances old and new. Call the credit card company, cancel the card for any future transactions, and work out a plan to pay off old balances.

[simba1211]

Hey there,

First of all thanks for great help on knowing YOUR CREDIT CARD tips and also I have the greatest tip to Give.

NEVER USE YOUR CREDIT CARD,


yeh to baniya se bhi jyada mehenga hai