Dec 31, 2008 in
Uncategorized
There has never been a time when there has been such a need for information on finance management for the average person because our lives revolve around money more than ever before. Of all the financial services available it is the credit card that is used the most and it is likely to remain that way.
Figures prove that almost everyone who applies for a credit card will use it within the first month of receiving it. On occasion, a person will apply for a credit card just to have it around in case of an emergency. Whatever the reason you cannot dismiss how convenient it is to have one. Since you became eligible for a credit card, I am sure you must have received dozens of pre-approval notices from credit card companies. Many people are easily fooled when they apply for a credit card by the extremely good offers that are available to new customers from the credit card issuers. You would have to be very disciplined not to be tempted by the offers they make first time customers.
However, if you are going to apply for a credit card then you need to follow three little rules. Nowadays there is no reason to be ignorant on any subject as there is a plethora of web sites designed to give you as much information as possible on applying for a credit card. Once this has been done, rule two says you should then compare as many as possible on the internet as you will be surprise at the different types of card available. Rule number three is to look carefully at the terms and conditions which you will have to agree to before they will accept your application.
By the time you have applied you will have a good idea of what a credit card is and your responsibilities. Whatever else you may consider a credit card agreement is, do not forget that it is a credit agreement that will create a financial burden on the owner. So checking the credit cards agreement is very important as it is the conditions by which the card has been issued to you.
One factor to be aware of is the APR and what it means to you. This figure must be disclosed prior to you agreeing to the terms and conditions. Aside from APR, the periodic rate must be disclosed to the card holder before they complete the credit card application form so they would have an idea of their outstanding balance and finance charges for each billing period. Look out for any transaction fees plus the length of time the grace period is, which is when you will not be charged interest. If you are still unsure about this ask the credit card issuer for an explanation of how charges are worked out and exactly how they will look on your statement.
sfreak206
ok, i’m planning to get a credit card for first time, i don’t have credit backgrownd,so, how do i start or what do i have to do to start credit backgrownd?, and what’s APR?, thanks if you can help me.
indrep33
I want to apply for a credit card that starts out with a minimum credit line of $300. If I get it, it will be my first credit card. If I get the $300 credit, I want to make a purchase for like $200. Is this a good thing or a bad thing to do? Can someone give me some good tips on handling a credit card without getting bad credit?
I will mostly be using this card trying to start an at-home business.
Ya mama b*tch. Eat my p*ssy, h*e!!!
Oh, rudecatt63, you’ve hurt my feelings ever so much, I’m going to cry….NOT. For someone who keeps visiting the GLBT section and has a rainbow in they’re background, you sure do do a lot of gay bashing. Self hate is so stupid. But then again if I were you, I would probably hate myself too.
booboo
I was readding today that Greenspan warns “US economy may fall into recession later this year.”.What does that mean for the general population and how will this affect us?
Yes, I was reading today that was typo.
juicyfruit
I’m interested in buying a home in foreclosure, but I don’t know what the different stages are or what they mean. I’ve seen “notice of default”, “real estate owned”, “notice of foreclosure sale”, and “pre-foreclosure.” Can someone please tell me the stages (from beginning to end) and what that means to me as the potential buyer? Thanks.
iamtruman
I think U.S in already in recession. With dollar shrinking by the day and fear that the whole world might go down with the U.S, what do you do? Commodity prices are all time high too.
originalidaho
Except for the rising gas prices and maybe the cost of milk I haven’t felt too “pinched”. I’ve read about the depression but am having a difficult time understanding what kind of impact a recession will have on my life. (I was a kid in the last recession but now have four kids of my own.)
FuzzyLizard
I have a student loan that is about 50K. I am making payments on it but I am on the income contingent plan and every month I get a statement showing that what Im paying is not enough to pay even the interest, so the balance is higher every month. Does this negatively affect my credit, I pay every month on time but I want to know if this will affect my credit. Does the 50K count towards debt to available credit ratio also. How does the student loan affect credit ratings?
miss impulsive
I hear talk of how we’re on the brink of going into a recession, and I was wondering how that would affect jobs, prices of goods, etc, in our everyday life.
dressed_2_kill_2008
When a guaranteed student loan is discharged and later cancelled due to what is considered a total and permanent disability but many years after the cancellation of the loan the individual is rehabilitated and able to return to the workforce with the necessary aid and support for their disability what happens to the student loan? I’ve been told that once a loan is cancelled it no longer exists, and I’ve been told that if the individual is able to return to the workforce the loan is reinstated. Which, if either, is correct? What is the answer? (I’m talking about in Oklahoma.)
I can find plenty of links, just no answer. Please don’t leave a link, if you don’t know then you just don’t know.
