Biggest Reasons for Credit Card Debt – A Credit Card Debt Settlement Program Can Help

ecause credit cards can be easy to obtain, it can be easy to get in over your head with credit card debt. While they may be simple to carry and convenient for making purchases, credit cards have been the cause for rising consumer debt and countless personal bankruptcies throughout the years.

According to, the average debt per credit card that usually carries a balance (in 2015) was just under $7,500. That same source also cites that the average credit card debt per U.S. adult – not including zero-balance cards and store cards – was $5,232. So it’s evident that once you’re in this type of debt, it can be extremely difficult to get out of—unless you have help.
Although the reasons behind these large and growing balances can vary, getting to a credit card settlement solution typically entails understanding exactly why the credit card abuse causes so much debt. After you have a handle on your “why,” you can then move forward on reigning in the “how” of eliminating the debt—and moving on to a more positive and debt-free financial future.

The Downward Spiral of Debt on Credit Cards
Being in credit card debt can be the result of a variety of situations, from poor choices about how you spend your money to changes that have taken place in the economy over time.

Some of the reasons why people may find themselves in credit card debt can include:

Poor Money Habits – It’s likely that the main reason people get in credit card debt is due to poor money habits that are passed down from their parents. For example, if your parents paid for everything with credit cards, then it’s likely you will pick up that trait as an adult too. Poor money habits can also include not saving for the future and/or spending more money than you earn, thus creating more credit card debt as time goes by.

Emergencies/Unexpected Expenses – Unfortunately, emergencies can and sometimes do come up. Car repairs, uninsured medical bills, and loss of income can all have an impact on your financial situation. Oftentimes when these events occur, a credit card can be the fallback source of financing.

Impulse Purchases – Those who have high credit card debt are usually more prone to making impulse purchases versus sticking to a list. They may also have a hard time simply saying “no” when it comes to items that they see and just “have to have.” Unfortunately, the result of most impulse purchases is that you end up with items you really don’t want or need, and you also increase the balance(s) on your credit cards.

Not Having or Sticking to a Budget – While having a household budget can help to keep you on track from a financial standpoint, a recent Gallup poll showed that only one in three Americans actually prepare a detailed budget that tracks their income and expenses. Without a clear-cut budget, it is much easier to spend on unnecessary items, which can in turn, lead to running up your debt.

Cost of Living Increase – The economy is partly to blame too. Over the past several years, the cost of living has outpaced the growth of income. Because of this, many people have had no choice but to cover the “gap” by paying some (or all) of their living expenses on their credit cards—at least until their income catches up. Unfortunately, this can often result in putting you even deeper into credit card debt—especially if there is no end in sight to your current financial situation.

Making Minimum Monthly Payments – Making only the minimum monthly payment on your credit cards can typically result in the debt spiraling out of control even faster. This is due to the enormous amount of interest that is being charged by the credit card companies.

So, what is the solution? There are some ways that you can change your situation. The good news is that the remedies for credit card settlement may not be as far out of reach as you may think.

The Key to Climbing Out of Credit Card Debt
While you may want more than anything to climb out from under your mound of increasing debt, the best way to tackle it is to first have a plan. In some cases, that calls for working with a mentor who can guide you along the way.

This is because simply making payments each and every month may not always be the most effective solution. Depending on the size of your debt and the credit card’s interest rate, going this route could be like chipping away at a mountain with just a tiny ice pick.

Although bankruptcy may seem like the only option for a in some cases—especially if you have maxed out your credit cards—this isn’t the only way out of large sums of debt.

Rather, by working with an experienced guide, you can determine a more viable solution that may be best for your specific situation such as debt settlement or debt consolidation.

Debt Settlement
A credit card debt settlement program can help you save as much money as possible. This process entails negotiating a reduced balance on your total amount of credit card debt that will then be regarded as your full payment. While debt settlement can help you to ultimately pay much less than you initially owed on your account, you also need to be mindful of some things when going about this process.

For example, the lender or collector in a credit card settlement will often report the debt as “settled for less than agreed.” This can be damaging to your credit report – although it is still much better than showing a bankruptcy. Another potential drawback of credit card settlement is that the settlement company will oftentimes charge a fee that comes out of your monthly payment. This isn’t always the case, though, as some credit card settlement companies will work on a performance based system where they only make money once the settlement has been resolved.

Based on the amount of credit card debt you have, a debt settlement program can gear your credit card settlement as either a monthly payment or just one lump sum – whichever makes more sense for your situation. If you are choosing the debt settlement solution, it is best that you not make any additional purchases on your credit card, as this will only increase the amount of credit card debt that you will have to either pay off or settle.

A credit card settlement company will take into consideration several factors, including your overall financial situation, as well as your specific hardship. Also, some of your creditors can be more difficult to work with, so the settlement from each creditor may differ.

When choosing a settlement company to work with, you should consider several factors about the settlement company. For example, not all companies will offer FSCPA violation protection – even though doing so can lead to getting better settlements. Therefore, you should stick with credit card settlement companies that offer this protection.

Also, not all debt settlement companies will offer credit restoration to challenge incorrect information from your credit report. This, too, should be an important item on your list of settlement companies to work with. So, you should ideally look for a company that offers credit restoration when your settlement is complete, and eliminate the others.

One more thing to consider when choosing the best company to work with are customer reviews. Take note, not all reviews are equal. Many of the comprehensive reviews which are found online are paid for by companies to further advertise their services. Real client reviews can be found on third party review sites like Customer Lobby, Shopper Approve among others. A company that has been in the industry for quite some time will have hundreds of reviews over an extended period of time.

Debt Consolidation Loan
If you have more than one credit card balance, debt consolidation could be beneficial. This is because some or all of your balances could be combined into just one loan—oftentimes with just one smaller monthly payment as well as a lower interest rate. This can ease your financial burden significantly.

However, there are some potential downsides to this credit card debt solution too. For instance, the term of your new loan could be quite a bit longer than the term(s) of your original obligations. This could, in turn, actually make your total amount of repayment higher.

Also, if you have to pledge assets as collateral for the new loan, you could end up losing the assets if you aren’t able to pay this new loan back. Having someone assist you with the debt consolidation process can help to ensure that you’re going with a reputable lender and that you’re getting into a new loan that will be within your repayment parameters.

It can be well worth it to check into the solutions that are available to you. And the sooner you do so, the more quickly you can rid yourself of the burden of debt that may be continuing to grow each month. How would this change the rest of your life?

Get One of The Best SBI Bank Credit Card Online

The State Bank of India is offering services for more than 200 years and has plethora of credit cards suitable for personal, business and shopping. They have exclusive cards for premium, shopping, travel and classic, abundant with features and benefits.

State Bank of India credit Cards offer plenty of benefits such as reward points, access to ATM Machines, easy access to bill online payment, transfer of balances from other cards. Make big purchases and pay it through installments in 6 to 24 months time. The SBI Platinum Card redefines luxury edging complements, SBI Railway Card, SBI Gold, SBI Spicejet Card and many others offer the best privileges and benefits. However, shopping with any of the SBI credit card offers you the benefit of redeeming reward points using ShopnSmileprogramme.

SBI Credit Card Apply is a must to meet the requirements of your lifestyle. However the process is simple of choosing the credit card online through. You can easily download the application online of the credit card form and submit it after filling to your nearest SBI branch.

You will receive a reference number on the completion of your online application of your SBI card. You can use this reference number online and track the application status. Within 30 days of submitting for credit card, you will get the same.

On deciding to apply online for SBI credit card, phone 995-889-2211. Inform them of your interest in applying online and on acceptance they give you the internet link to locate your address and the nearest SBI location. Select Quick links on the SBI blog site and find the way to application of credit card and get your application done.

The SBI online business offers various attributes and has the most advance online banking system. Apart from the application, they provide value added services such as E-collection facility, Direct debit facility, tax payments and more. You can choose many options that you intend to and access the same online.

Applying online for SBI credit cards is considered favorable as it has a good network scattered all over India and also supports many other financial services such as debit cards, banking, checking accounts, saving accounts and many other monetary services.

Debt Settlement Companies Are They A Scam Or Do They Really Work?

When it comes to seeking debt relief, many Americans feel the only viable option they have is credit counseling or filing bankruptcy. What many people are not aware of is the little known process of debt settlement. The goal of debt settlement is too, one satisfy your creditors for less than what they claim you owe and two save you as much money as possible during the process.

One reason many people choose a debt settlement company is because their debt amounts are too high for them to realistically manage to payback in full and want to avoid bankruptcy. Another reason why thousands of Americans choose a debt settlement company is because they are extremely upset and fed up with the credit card company over the fact that their interest rate has increased to an unfair high rate like 28 – 30% and the company refuses to lower it no matter how much you plead.

But the number one reason why Americans choose a debt settlement company is because their desire to have closure on being in debt and their priority of becoming debt free becomes their number one goal and it outweighs any real or perceived thought of any negative impact that it could have on their credit history while going through the process of debt settlement.

According to the Fair Isaac Company your debt to credit limit ratio accounts for more than 30% of your score, so it becomes absolutely essential to eliminate your debt first when you are trying to improve your credit score. Also remember your credit report is only a snapshot in time and is never a permanent record, you can recover and improve your credit score over time. Everyone gets a second chance in America!

The banks would love to keep you in the mind set that your credit score is absolutely the most important part of your life and by not paying them back in full would decrease your score and put you in the gutter forever. By all means your credit is important but should not completely dominate your life. This mentality works in the banks behalf and keeps you in fear, just where they want you.

But think about it, if the banks where really were concerned about you and your credit score then why would they extend you more credit on your current credit card so you can charge more when they know that this will decrease your score. So do they really care, NO.

When researching the option of debt settlement as your choice to become debt free understand that there are basically two types of companies to use when considering who you will choose to settle your debts. First there are the very common non-lawyer based debt settlement companies which comprise of over 95% of the companies currently advertising over the internet and TV. The rest are law firms that practice debt settlement as one of their services.

In the rest of this article I am going to list some of the major important points that you need to consider when choosing a debt settlement company to help you become debt free. As well as give you a warning sign for each point when speaking with the representative of a debt settlement company.

1. The company should save you at least 40% of your debt including fees and paying your creditors.

You can usually save 20% on your own with very little effort but any more than that requires experience and negotiating savvy.

Warning Sign:

When you are speaking to the representative from any debt settlement company you need to be cautious and do your homework. There are many debt settlement companies that just want to make as much money as possible without any real regard for the clients best interest. A lot of these representatives will say just about anything that pleases you to enroll you in their program. One way to recognize this type of company is by the tactic of setting a monthly payment amount to whatever the client wants. Usually very low and for a much longer period of time than what other reputable companies offer. This defeats the purpose of their claim of saving huge amounts of money because the interest keeps growing and the consumer does not realize that the longer the payback plan time frame the less they save.

Most Americans are getting caught in the magic bullet or quick fix syndrome, which these unscrupulous companies’ operators understand all to well and sign up tens of thousands of trusting people each year. If the representative is saying that they will save you over 60-70% of your debt be wary, at first it might sound great but verify what the overall cost is before signing on. Once they add on their fee and include your payback to your creditors it will be a lot less and they never mention this. Make sure to ask the representative if their claim of high savings for you is also including the companies fee.

2. Make sure your payback plan is in a realistic time frame to complete this process.

The major benefit of debt settlement is to become debt free in a very short period of time verses paying minimum payments to the credit card company which averages over 38 years to pay back. You should choose a debt settlement company that will focus and emphasize on enrolling you to becoming debt free in two years or less, but only under specific circumstances no longer than three years.

Warning Sign:

By stretching a debt settlement payback plan farther than three years you’ll never receive the full benefits that you were told in the beginning. Why, because of accruing interest. In other words the percentage of money your saving on the original debt decreases drastically when you enroll in a program that has you paying for four or five years because the debt amount drastically increases.

3. Make sure the collections calls will be stopped.

One of the negative aspects of debt settlement is that you do need to fall behind in order for these creditors to be willing to accept less. While falling behind you will get barraged with calls from collection agencies. Simply put these can be very annoying, scary, embarrassing, and aggravating. Now when it comes to preventing collection calls from 3rd party collectors, only by retaining a lawyer to represent you will stop them from calling. The Fair Debt Collection Practices Act states that if a client has attorney representation the 3rd party collector by law must deal with the attorney and not the debtor. Once the collector has been notified but continues too contact you directly then the collector becomes subject to a potential law suit.

Warning Sign:

If a representative from a non-attorney based debt settlement company tells that they can stop the collections calls ask them how and why the collector has to abide by what the debt settlement company claims. By law the collector does not have to deal with them. Typically their advise is to send a cease and desist letter, this can stir up a hornets nest. While this may stop the calls it will leave the collector no other option of contacting you to collecting the debt. So if they wish to continue to pursue with their collection attempts they will have to serve you papers to appear in court. Meaning that you will be sued.

4. Make sure the company is reputable.

A good place to start is to check the Better Business Bureau (BBB). Next thing to consider is how long the company has been in business. A general rule of thumb is to look for a company to have been in business for over 10 years. Thus ensuring that they know what they are doing and have settled many people’s debts in the past. What the scam operations do is open up as ABC company put through hundreds of people on their program that they know are not qualified for debt settlement just to take fees. Once they have these people complaining about not doing the right job they close down and start up somewhere else brand new as XYZ company. So if the company is brand new within a year or two that may raise a red flag and should be a major concern.

When it comes to law firms you have an extra layer of protection, the bar association. Check the state bar for the attorneys standing if you are going with a law firm. The attorneys are held to a higher standard by being a member of the bar association. With unanswered complaints to the bar an attorney can lose his/her license and business. The attorney cannot get another law license and just open up somewhere else. So it is in their best interest to do the best job for the client.

Warning Sign:

This is pretty obvious, if a company has an unsatisfactory record with the BBB and is not a member it would be best to stay away. If a law firm is not in good standing with the bar in other words under investigation, then stay away. If the company is relatively new and is showing some of the warning signs mentioned above, definitely stay away.

While debt settlement can be a very smart and viable option for many you need to be very cautious about the organization you are employing. By following the points and warning signs above you will greatly reduce the risk of being enrolled into a program that will not benefit you.

The Best Credit Cards Are Not Always Judged by Interest Rates

People are people. It’s human nature to always shop for the best possible deals. And is no different shopping for a credit card. Whether you’re starting out in the credit market or trying to re-establish your credit, it’s always a good idea to shop around for the best credit cards. While many people consider the interest rate on the card to be very important, it is not the only criteria for determining the best card available.

While shopping for the best credit card, the other factors that coming to play would also include length of any grace period, the minimum payment requirements, annual fees as well as interest rates are all factors that come into play when trying to make a decision on which credit card to apply for. The brand of the card is also a very important part of the decision process because most people would prefer a nationally branded card as opposed to a store branded card that is limited to specific retailers.

Card companies may offer short-term perks or benefits to induce individuals to apply for their cards, such as deferred payments or no interest on purchases made within a certain time frame and paid off within a set period. However, the best credit cards will not need to use these perks to seduce in new users. And many times once the invitational period or offer ends, the customer will close the account unless the lender can prove it is offering one of the best credit cards on the market.

Decisions Based On Non-Interest Items

Some people enjoy paying off their credit card balance within days of receiving the bill so the interest rate maybe a trade off for other factors. Some cards offer what is called a grace period for balances. Some will allow up to 25 days after the receipt of the bill to pay the balance off, thus no interest would be charged. Surprisingly, there are other cards out there that actually charge interest from the date of purchase. Needless to say, this is not considered to be the best credit card available.

It wasn’t that long ago when credit card companies charged everybody an annual fee just for the privilege of caring a card. That was considered an industry norm, but nowadays the card companies will waive the annual fees, especially to their best customers. The best credit cards would forgo the fees, especially for those customers who usually carried a balance on their account. Minimum payments may also very on cards, ranging from as little as 2 percent to a high equaling the current balance.

As usual, you should always read the fine print that accompanies every card, regardless of who claims to offer the best credit cards. There maybe stipulations included that can turn what, at first seems to be an offer for the best credit cards, into a real financial nightmare. A good example is the interest rate. It may start out low and then after a set time, or some other trigger factors, can shoot the rate into the sky.

Kerry Ng is a successful Webmaster and publisher of The Credit Card Blog. Click here for more great helpful information about Credit Cards: []

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How to Start an Online Business Without Using Your Credit Card

Sometimes when people try to make money online at first they are not working with a lot of cash. In this article we will talk about how to start an online business and do it without spending any money.

1. Determine a niche you would like to start your online business in. Try to pick something that interests you if such as cooking, fishing, antique cars, etc.

You are going to get a rare chance in your life to start a business on the Internet and do it based around a theme you have an interest in or a passion for.

2. Go to and set up your own blog. This is not hard to do and doesn’t require any technical knowledge.

You can come back and add to your blog at a later time. Primarily you should make sure and join the Google AdSense affiliate program so you can add Google ads on your blog.

3. Go to ClickBank and join their affiliate program. Once you have your affiliate ID number set up go to the ClickBank marketplace and look at digital ebooks you could sell.

You can create your own unique URL for each product. Some of them provide graphics you can paste on your blog. Others provide text link ads you can place in the body of your blog articles.

4. Write your first blog article. Don’t worry about writing a masterpiece at this point.

All you are really doing is announcing to the world that you’ve started a blog about whatever niche you are in. Your first article can be around 200 words in length and should contain basic things such as an introduction, body, and closing paragraph.

5. Go back to Google and study their tutorials on how to enhance your blog and market it online. Ultimately you are trying to drive visitors to your blog and earn money when they purchase a ClickBank product or click on a Google ad.

6. Join Twitter and Facebook. These two social networking sites can be a good source of making contacts online as well as getting additional traffic to your blog.

If all of these this seems intimidating it doesn’t need to be. What we’ve just done is shown you how to start an online business without using your credit card. So far everything you have done is free and takes nothing but a little bit of time to get started.

Cynthia Minnaar invites you to earn money online with legitimate online business ideas she will share with you. Her website will demonstrate a proven online business start-up idea that can work for you.

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Retire Your Credit Card Debt With a Peer-To-Peer Loan

When Michelle Watson compared her auto loan interest rate along with the interest rates on her two credit cards with those offered by a leading peer-to-peer, or P2P, lending site, her jaw dropped as she realized she had been throwing her money away on exorbitant interest rates for years. Needless to say, she realized using the peer-to-peer lending service was a no-brainer.

“All of the interest rates I had been paying were much higher than the Lending Club rates. With one monthly payment instead of three, my repayments were simplified as well,” she said on her blog, hoping to help others who are also struggling with credit card debt that never seems to go away.

As the owner of a blog that highlights her journey of becoming a debt-free single mother, Michelle is quite particular about the financial products and services she recommends to her readers. However, she is more than animated in her support of P2P lending.

In fact, after her loan was funded in only two days and paid off in eight months, Michelle decided to become a peer-to-peer investor herself. In the past year, she has helped fund nearly 50 notes, enjoying a net annualized return of approximately 10 percent.

Basics of Peer-to-Peer Lending

Michelle is part of a growing number of individuals who are saying goodbye to credit cards and turning their backs on the banks, instead choosing to turn to individual investors for the funds they need to consolidate their high-interest credit card debt, take a much-needed vacation, or achieve their dreams of starting their own business.

What began as a sideshow in 2006 has evolved into a full-fledged industry that provides obvious benefits for both investors and borrowers. At the moment, the two largest names in the peer-to-peer lending space are Lending Club and Prosper, which have nearly $2 billion in funding under their collective belts.

The premise behind P2P lending is rather simple. Borrowers simply fill out an online application detailing the desired amount and the reason for the loan. Then, investors review the applications and decide to lend money to applicants they deem worthwhile. Often, even people with a less than stellar credit score can receive funding simply by providing a compelling story.

As the funding facilitators, lending sites run a credit check on each potential borrower and assign them a risk level. Depending on a person’s risk level, he or she can receive an interest rate as low as 6.78 percent. Typically, loans are funded by numerous investors who pitch in amounts of $25 or more.

Due to the popularity of these lending sites, there are thousands of investors, allowing loans to be fully funded in as little as two or three days. Once a loan is funded, the loan amount is distributed by the peer-to-peer lending site, and the site also collects the monthly fixed-rate loan payments.

Peer-to-Peer Lending for Paying Off Credit Cards

Although peer-to-peer loans can be used for a variety of purposes, paying off credit cards and debt consolidation are the most popular borrower requests. People have grown sick and tired of paying astronomical credit card interest rates and are turning to P2P lending sites, such as Lending Club and Prosper, in growing numbers to receive low-interest personal loans in order to pay off their credit card debts.

These sites allow borrowers to advertise their funding needs to thousands of potential investors. However, paying off credit card debt is the leading reason why an overwhelming number of people use these helpful sites. In fact, over 60 percent of Prosper loans and 80 percent of Lending Club loans go towards paying off credit cards.

If you have high-interest credit card debt, you may be able to secure a personal loan with a 6 to 10 percent interest rate, allowing you to pay off your debt much sooner or save the difference. With peer-to-peer lending, you’ll also be paying back fellow humans over a short three or five-year period, instead of continuing to make endless payments to a shameless and nameless company that could care less about your personal financial situation. According to Lending Club, nearly 80 percent of borrowers choose to use their funds for these purposes.

In the end, peer-to-peer lending is the best option for debt consolidation. It makes financial sense to consolidate high-interest debt for lower rates and bolster your credit score, instead of hurting it through the use of a debt consolidation company.

Making the Decision to Secure a Peer-to-Peer Loan

Almost all financial experts and past borrowers agree that peer-to-peer lending poses the least amount of risk to borrowers. With peer-to-peer lending, you know the exact terms of the loan, and if approved, you receive the money right away and are able to spend it however you like.

The risk really lies with the lenders, who take the chance of not getting paid back. With hundreds of thousands of investors now lending on these sites, it’s safe to assume that the default rate is staggering low, meaning borrowers are happy with the loan terms and able to repay their loans.

Despite having limited risk, you should still do your due diligence by comparing lending sites, since each site has different loan terms, qualification requirements, and interest rates. For example, Prosper provides loans from $2,000 to $25,000 with one, three, or five-year repayment periods. Lending Club, on the other hand, allows people to borrow up to $35,000 and offers three or five-year repayment periods.

While peer-to-peer lenders have less stringent borrowing requirements than banks and other lending institutions, they are still selective about whom they choose to give money to. It helps to have a good credit score of 700 or above and a solid income-to-debt ratio.

The key to using peer-to-peer lending to finally get rid of your debt burden is to avoid using your credit cards and racking up balances again. It’s wise to keep a card for emergencies, but avoid using it to make frivolous purchases. If you avoid using your credit cards again and regularly make your peer-to-peer loan payments, your debt burden can finally be lifted in no time at all.

Many people today, including the author, are in search of a reasonable solution to retiring high-interest credit card debt. Peer-to-peer loans are a viable solution to this problem. Readers interested in learning more about P2P lending and how it can help resolve the complicated issues surrounding credit card debt can read here about the benefits of Peer-to-Peer personal loans.

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Learning the Ropes of an Interest Free Credit Card

Credit cards are among some of the most helpful and convenient methods of payment used today. They allow people to purchase or pay for items and services that they might normally not be able to pay in cash or in full, upfront. More often than that, these cards provide the opportunity to spread out payments into several installments, and sometimes these may even be interest free.

Every card holder must know that interest is the way credit providers earn, so there can be no such thing as an interest free credit card. However, you may be able to avoid paying for interest if you play your cards right. These cards are the fastest and easiest way to borrow money, but if finances are not handled correctly, it could spell big trouble. There are plenty of card offers in the market from 0% interest over a period of time, to the fixed rate credit card, and making the right choices and moves can help save you a couple of interest payments.

Some people can benefit greatly from getting cards that offer 0% introductory deal for a certain period of time, so if you see that you can most likely pay off everything within a year or so, these types of offers may work for you. The longest interest free credit card offer is 0% for 12 months, while some cards will offer 10 months. When using a zero interest credit card, it is important to note that your debt must be fully paid by the end of your introductory period, or else rates skyrocket, leaving your interest free periods almost meaningless. There is such a thing called tarting, where borrowers shift their balances from one card to another as soon as their interest free credit card runs out, in order to avail of yet another 0% interest offer. However, this usually requires that you have a good credit rating in order to be approved to different cards.

Another main feature of a zero interest card is the balance transfer option. Most card companies will offer balance transfers at 0% interest but it is important to note, however, that most interest free card offers such as these will only run for a few months.

On the other hand, some borrowers prefer to use fixed rate credit cards, or those that offers low long term rates. These cards are not used for the introductory rates, but rather for a longer term deal. These cards, however, are not always really fixed rate, and most cards can change their rates in as short as 15 days written notice.

Whether you’re using a zero interest or fixed rate credit card, the important thing when trying to maximize your savings and minimize credit expenses is to comply with your card company’s rules. Avoid penalties at all costs, especially on your interest free credit card or cards, by paying on time or else, that might be the end of you. Pay at least the minimum amount due and if possible, maybe even more. Setting up auto debits is also a good idea so as not to miss any payments. Always keep a close watch on your spending and stay within your credit limit.

To get help on your finances and bring it back on track, check out now our interest free credit card blog to learn more about ways for you to get the most out of your credits and discover the zero interest and fixed rate credit cards on offer right now.

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How To Find The Best Credit Card Deals For You

If you’re looking for a new credit card, then I’m sure you already know that there’s a lot of choice out there. Every credit card company seems to have a different and enticing offer, and it can be very difficult to work out what will be the best credit card for you.

So I’m going to give you a few pointers that will hopefully guide you into finding the best credit card for your needs.

Let’s get started:

My first tip for you, is to analyze the credit card APR very carefully. Many credit card companies offer very enticing 0 APR deals, but be sure to read the small print. The APR may be great for the introductory period, but it can take a steep incline as soon as that period is over. If you’re not going to be able to remove all the debt on the card by that time, then it may be wise to avoid this card.

My next tip: If you’re online (and you wouldn’t be reading this if you aren’t) then you have a wealth of information at your fingertips. It’s very wise to use this power to do some comparison shopping. Don’t settle on a credit card straight away. Make sure you compare it to the other deals out there. Also, remember to read the small print before applying for a card. You don’t want any nasty surprises further on down the line.

Decide what type of reward is most valuable to you. For some people, travel reward cards have the best reward, because they like to travel and get free air miles. Whereas for others it may be better to get a cash back deal. Decide on what you would like FIRST, and then look for the card. Don’t let clever marketing lure you into something that looks good, but isn’t really suited to your needs.

Sometimes a 0 APR card isn’t the best deal. Make sure you find out the interest rate for after the introductory period is over. Work out if it is actually cheaper in the long run (unless you plan on playing the 0 APR card switching game). Sometimes it makes better sense to get a low interest card, rather than one that is 0 APR but with a sharp increase once the term is over.

I hope you will find these simple tips helpful when it comes to finding the right card for you. It can be confusing with all the different deals out there, but with some careful research and understanding of what you really want, you should be able to find the best credit card for your situation.

Mark Barclay is owner of the Credit Card Blog [], where you can find free advice and comparisons about all the different credit card deals, even bad credit credit card [] deals. For more useful advice and comparisons, be sure to visit the Mark’s blog right now.

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