securedcreditcardsonline.com » Uncategorized http://securedcreditcardsonline.com Fri, 18 May 2012 01:13:01 +0000 en hourly 1 http://wordpress.org/?v= How to Handle Credit While Unemployed http://securedcreditcardsonline.com/how-to-handle-credit-while-unemployed/ http://securedcreditcardsonline.com/how-to-handle-credit-while-unemployed/#comments Mon, 21 Feb 2011 05:16:14 +0000 scco-admin http://securedcreditcardsonline.com/?p=272

How to Handle Credit While Unemployed

Due to the recent economic slump, many employees were unexpectedly laid off from the companies they’re working for. Even those in the higher position were not exempted from the effects of recession. What to do when confronted with this situation? How can you handle your obligations to your creditors when your monthly salary has been [...]

]]> How to Handle Credit While Unemployed

Due to the recent economic slump, many employees were unexpectedly laid off from the companies they’re working for. Even those in the higher position were not exempted from the effects of recession. What to do when confronted with this situation? How can you handle your obligations to your creditors when your monthly salary has been completely cut off? Consider the following practical suggestions:

1. Focus all your energies on finding a new job. Since you cannot change the situation, the best thing to do is to take positive action right away. Don’t waste any time and start your search for new employment immediately. If you can’t find openings for permanent positions, you may look for a part-time job until a better opportunity becomes available.

2. Understand your rights. Get to know your rights as a borrower as stipulated in the Fair Debt Collection Practices Act. Creditors must treat you with respect and dignity even if you cannot submit your payment on time. However, you should not ignore or try to hide from your creditors as this can only make the situation worse.

Resources:

]]> http://securedcreditcardsonline.com/how-to-handle-credit-while-unemployed/feed/ 0 Is It Time to Consolidate Your Credit Card Debt? http://securedcreditcardsonline.com/is-it-time-to-consolidate-your-credit-card-debt/ http://securedcreditcardsonline.com/is-it-time-to-consolidate-your-credit-card-debt/#comments Fri, 04 Feb 2011 03:29:49 +0000 scco-admin http://securedcreditcardsonline.com/?p=263

Is It Time to Consolidate Your Credit Card Debt?

Do you own more than one credit card?  If you do, you may find yourself struggling with your credit card bills from time to time. Did you miss your due dates of payment in the previous months? Do you find yourself submitting only the minimum amount due because you don’t enough money to pay your [...]

]]> Is It Time to Consolidate Your Credit Card Debt?

Do you own more than one credit card?  If you do, you may find yourself struggling with your credit card bills from time to time. Did you miss your due dates of payment in the previous months? Do you find yourself submitting only the minimum amount due because you don’t enough money to pay your full balance? IF you do, then you could be in danger of debt build-up.

It is no secret that many credit cards carry high rates of interest. Hence, not paying your complete balance could mean paying an extra 20% to 30% on interest, depending on your credit card. Aside from the APR, not being able to submit your payment on time would mean paying the late penalty fee.

Is it time for you to consolidate your credit card debt? Take a look at the following pointers to know whether credit card consolidation will work for you.

Read more Is It Time to Consolidate Your Credit Card Debt?

Helpful Resource:
* Debt Consolidation Companies

]]> http://securedcreditcardsonline.com/is-it-time-to-consolidate-your-credit-card-debt/feed/ 1 Cancel Your Card But Protect Your Credit Score http://securedcreditcardsonline.com/cancel-your-card-but-protect-your-credit-score/ http://securedcreditcardsonline.com/cancel-your-card-but-protect-your-credit-score/#comments Thu, 28 Oct 2010 09:30:23 +0000 scco-admin http://securedcreditcardsonline.com/?p=256

Cancel Your Card But Protect Your Credit Score

Whether you want to cancel your credit card because of its high interest rate or you simply just have too many credit cards, it’s important to do it correctly to avoid inflicting any damage to your credit score.  What are the rules on cancelling a credit card? Listed below is a step-by-step guide on closing [...]

]]> Cancel Your Card But Protect Your Credit Score

Whether you want to cancel your credit card because of its high interest rate or you simply just have too many credit cards, it’s important to do it correctly to avoid inflicting any damage to your credit score.  What are the rules on cancelling a credit card?

Listed below is a step-by-step guide on closing an active credit account:

Never cancel with a balance. The number one rule is this:  NEVER close your credit card account while you have an existing balance.  If you racked up a huge amount of debt and you’re having a difficult time catching up with your payments, see to it that you will not be using that credit card on new purchases.  Focus on the task at hand, which is to pay off your balance one step at a time.  Once you have completed your payments that should be the only time you can start thinking about closing your account.

Call your issuer. You can find your credit card company’s customer service number at the back of the card or on your billing statements.  Once you call up your issuer, verify that you have no remaining balance in your account.  After making sure that you have zero balance, tell the representative that you want to cancel the card.

Read more Cancel Your Card But Protect Your Credit Score

RESOURCES to YOU:

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Personal Finance Tips When Your Life Changes

Major changes in our lives can also have a huge effect on our personal finances. And because some events may not be as well as we expected, it’s important to always be prepared.  In this article, let’s talk about three major life changes that can confront all of us and what we can do to [...]

]]> Personal Finance Tips When Your Life Changes

Major changes in our lives can also have a huge effect on our personal finances. And because some events may not be as well as we expected, it’s important to always be prepared.  In this article, let’s talk about three major life changes that can confront all of us and what we can do to face up to financial crisis.

Unemployment and Loss of Income

The recent economic slump has left thousands of people without jobs and with barely enough finances to get by.  Financial experts advise all consumers to build up a personal savings account that would be enough to support them for at least six months or longer.  This way, in case of a job loss, you will have funds to support you and your family as you look for a new job.

If you have lost your job, you need to act quickly and create a new budget plan that will suit your present financial situation.  Closely examine your monthly expenses and find ways to cut back your costs.  True, it may require some sacrifices on your part but it is an important step to avoid aggravating the problem.

Read more Personal Finance Tips When Your Life Changes

Resource for YOU:

]]> http://securedcreditcardsonline.com/personal-finance-tips-when-your-life-changes/feed/ 0 Instant Approval Credit Card Options for Consumers With Poor Credit http://securedcreditcardsonline.com/instant-approval-credit-card-options-for-consumers-with-poor-credit/ http://securedcreditcardsonline.com/instant-approval-credit-card-options-for-consumers-with-poor-credit/#comments Mon, 23 Aug 2010 18:47:04 +0000 scco-admin http://securedcreditcardsonline.com/?p=234

Instant Approval Credit Card Options for Consumers With Poor Credit

Many consumers today possess bad credit history. This can be attributed to the most recent financial crisis which left many individuals jobless and with huge credit obligations to settle. Still, many individuals today desire to regain their credibility as cardholders and credit consumers. So they look for ways by which they can rebuild their credit [...]

]]> Instant Approval Credit Card Options for Consumers With Poor Credit

Many consumers today possess bad credit history. This can be attributed to the most recent financial crisis which left many individuals jobless and with huge credit obligations to settle.

Still, many individuals today desire to regain their credibility as cardholders and credit consumers. So they look for ways by which they can rebuild their credit reputation. They try applying for different credit card accounts, loans and other credit programs so that they can re-establish their credit profiles.

But can consumers use credit cards with instant approval to rebuild their credit history? And what other card programs are available to people with less than perfect credit scores? The answers to these questions will be discussed in the succeeding paragraphs of this short article.

Who Are Qualified to Receive Instant Approval Credit Cards?

One of the most important requirements of instant approval credit card programs is the credit report of the card applicant. Credit card personnel use this document to evaluate whether it will grant a consumer the credit card he/she needs or not. Most of the time, those who possess a minimum credit rating of 680 to 700 get approved to use credit cards with instant approval

Read more Instant Approval Credit Card Options for Consumers With Poor Credit

]]> http://securedcreditcardsonline.com/instant-approval-credit-card-options-for-consumers-with-poor-credit/feed/ 0 What Does Your Credit Score Tell You? http://securedcreditcardsonline.com/what-does-your-credit-score-tell-you/ http://securedcreditcardsonline.com/what-does-your-credit-score-tell-you/#comments Mon, 24 May 2010 07:44:22 +0000 scco-admin http://securedcreditcardsonline.com/?p=80

What Does Your Credit Score Tell You?

Simply reading your credit report is not enough.  More importantly, you should understand how every information in your credit report affects your credit status and your score.  To help you better understand your credit report, here is a credit report guide for you which focuses on the FICO method of credit scoring. Today, the three [...]

]]> What Does Your Credit Score Tell You?

Simply reading your credit report is not enough.  More importantly, you should understand how every information in your credit report affects your credit status and your score.  To help you better understand your credit report, here is a credit report guide for you which focuses on the FICO method of credit scoring.

Today, the three major credit bureaus and other reporting agencies as well as creditors make use of the FICO system in calculating credit scores.  However, each credit reporting agency does its own variation of the FICO scoring method.  Each credit bureau does its own independent reporting.  If you compare each credit report that you obtain from each bureau, you may find that they are not exactly the same.  Your credit report score may be different from each one.  For this reason, it is recommended to obtain a copy from all three credit bureaus in order to check the accuracy of each.

Although, there may be some variations in how credit bureaus do their report, the method of calculation is based on the same factors.  With the FICO method, your total credit score is calculated based on the length of your credit history, the types of your accounts, the timeliness of your payments, your outstanding balances and your credit limit usage.  Based on this scoring system, each of these factors are given a certain percentage to add up your total credit score.

Read more What Does Your Credit Score Tell You?

]]> http://securedcreditcardsonline.com/what-does-your-credit-score-tell-you/feed/ 0 The Pros and Cons of Using Credit Cards http://securedcreditcardsonline.com/the-pros-and-cons-of-using-credit-cards/ http://securedcreditcardsonline.com/the-pros-and-cons-of-using-credit-cards/#comments Thu, 20 May 2010 09:32:04 +0000 scco-admin http://securedcreditcardsonline.com/?p=71

The Pros and Cons of Using Credit Cards

Credit cards have certainly taken a big leap from just being a plastic card payment. Gone are days when these can only be used at diners or restaurants. Today, almost every other merchant and establishment accept credit card payments. As the years passed, the features and provisions of credit cards have greatly been enhanced to [...]

]]> The Pros and Cons of Using Credit Cards

Credit cards have certainly taken a big leap from just being a plastic card payment. Gone are days when these can only be used at diners or restaurants. Today, almost every other merchant and establishment accept credit card payments.

As the years passed, the features and provisions of credit cards have greatly been enhanced to meet the demands of many cardholders. Indeed, when properly managed, owning a credit card can be beneficial.

In this article, let’s talk about the pros and cons associated with what they call “plastic money”. Hopefully, this post can enlighten consumers, particularly young people who are thinking about getting their first credit- about the importance of responsibility and self-discipline in using credit cards.

The Pros

Build solid credit history. Using a credit card is an easy way to build good credit history. As you regularly use your card and pay your charges on time, you are also building up your credit rating. For students, a student credit card is a great choice since these cards do not require a security deposit as secured cards do.

Read more The Pros and Cons of Using Credit Cards

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