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Should you use a credit repair company

February 17, 2007 By

Let’s be crystal clear, right up front. Paying someone to “fix” your credit is a waste of your time and money, since the negative issues that are temporarily removed from your file will only reappear again in a couple of months.
Be careful with credit repair scams.

Most “credit repair” companies really don’t help. In fact, you can improve your credit more effectively on your own. By using credit repair companies, you may also be opening yourself up to identity theft, unsolicited emails, and direct mailings. Protect yourself; don’t ever share your personal information with strangers or give up your right to handle your own financial affairs as you see fit.

Another important point: credit counselors only promise to get you out of debt, not to improve your credit. Some companies will have you send them a check every month, out of which they’re supposed to pay your creditors for you. However [Read more...]

Filed Under: Credit Card Tips, Credit Cards, Credit Reports, Misc Credit

Need to Accept Credit Cards but don’t have a merchant account

February 17, 2007 By

Credit Card Merchant Account
Google is now allowing select Google Base users to use Google Payments as a substitute to a merchant account.
The best way to describe Google Payments is calling it an alternative to PayPal.

Filed Under: Credit Card Tips, Credit Cards, Misc Credit

Best Credit Cards for Consumers

December 19, 2006 By 1 Comment

Credit-Land.com is a group that keeps an eye on various credit cards for the consumer by analyzing and ranking cards that offer some of the best values to customers. A combination of credit card benefits, credit card costs and consumer protection features are used to form the credit card rankings.

  • Discover Card Platinum – named the 2006 Holiday Shopping Credit Card of the Year, nationwide, features no annual fee, zero dollar fraud liability, a generous 5 percent cash back and a 25 day grace period, a low interest rate, zero percent introductory rate and a $15 dollar late fee for balances under $500. [Read more...]
    • Filed Under: Credit Card News, Credit Card Tips, Credit Cards

    When credit cards are good

    December 12, 2006 By Leave a Comment

    In my last post I said when credit card usage is bad.  Now here is when using a credit card can be good.

    When Credit Cards Are Good:

  • Good identification (required for cashing checks and most car rentals)
  • Safe substitute for cash.
  • Automatic record keeping.
  • Consolidates many purchases into one payment.
  • Saves money when you can take advantage of a good sale.
  • Orders can be placed easily by mail or phone.
  • You have leverage against the merchant when a problem arises. Your dispute/claim will get prompt attention when the merchant knows your payment can be delayed or disputed with the credit card company.
    • Filed Under: Credit Card Tips, Credit Cards

    When to not use a credit card

    December 12, 2006 By 1 Comment

    Credit Cards of course can be necessary.  There are times that the use of credit cards can be bad.

    When Credit Cards Are Bad:

  • Constant temptation to OVERSPEND.
  • Nonessential items purchased.
  • Impulsive spending increases.
  • Payments are late or only partially made Facing bankruptcy.
    • Filed Under: Credit Card Tips, Credit Cards

    Credit Card Tips

    December 11, 2006 By Leave a Comment

    It is best that you establsh and maintina a good credit report.  How do you know what your credit report says? 
    AnnualCreditReport.com was created by the three main credit reporting companies, Equifax, Experian, and TransUnion.

    Under the Fair and Accurate Credit Transactions Act (FACT Act), consumers can request and obtain a free credit report once every 12 months from each of the three credit reporting companies.

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    Get a lower credit card rate

    December 6, 2006 By Leave a Comment

    From our partner:

    » Get a lower credit card rate – Merchant Accounts, Credit Cards and Repair » Get a lower credit card rate

    Do you NEED a lower credit rate? You most likely will not get it if you do. If you don’t need it, have a credit score 700 or above, than you can most likely get a lower credit rate. If your credit is bad, you’re late on your payments or you have cards that sit at the max, your lenders are most likely more worried that you are going default than go to a competitor. That will definately make it harder to get a lower rate.

    This is a great article and I recommend everyone that has or is trying to get a credit card take a look at it.  It can save you a bundle.

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