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Settlement of Credit Card Disputes

Business Cards: When you file a dispute or claim against your credit card company, it gives you opportunity to obtain a settlement. Typically, settlements are a cancellation of some or all of the debt on the disputed purchase in exchange for your agreement to drop the claims. There are other types of settlement for credit card disputes, however, and some may benefit you more than simply canceling some or all of the debt in question. Here are some other possible types of credit card dispute settlements: Creditor agrees to cancel a delinquency: it can be helpful if the creditor agrees to treat a late debt a...

Card Expert on March 4, 2010 0

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Which Debt Should You Pay off First?

Money Saver: If you’ve racked up a lot of debt on your credit cards, you’re not alone. In fact, of the 90 million households in the United States that own at least one credit card, the average debt totals a whopping $10,691, according to CardTrak.com. Many of these households are only paying the minimum payments on their credit cards too. If that sounds like you, here’s some food for thought: If you carry the average credit card debt of $10,691 and only pay the minimum payments each month, it will take you nearly 33 years to pay off your balance completely. Clearly, the minimum payment method ...

CreditCardsGuru on January 27, 2010 0

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New Credit Card Law

Best Cards: Now that President Barack Obama has signed a federal law to protect millions of consumers who rely on credit cards, we're in a new era of managing credit. The new law contains the most far-reaching changes to the credit card industry in decades. What will the credit card law mean for cardholders? The new normal Credit cards will be more transparent and easier to understand for everyday Americans. Credit cards will become more costly for all users, say issuers and industry analysts, and inaccessible for low-income families. Look for the return of routine annual fees, fewe...

Card Expert on January 20, 2010 0

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Settle Credit Card Debt Yourself

Best Cards: He who wants the fruit, should climb the tree... Well, if you believe in this simple but beautiful proverb, you'll definitely try out settling credit card debt yourself! Of course, no one is going to come to your place and do the task for you! The only person that can help you come out of trouble is you, yourself! Many people think that, it is very difficult and almost impossible to settle credit card yourself. I partially agree to this belief. Yes settling the debt yourself, might be a bit difficult, as neither you are a trained professional nor are you properly aware of the credit card debt ...

Card Expert on December 22, 2009 0

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Credit Cards for Bad Credit with No Fees

Cards for Bad Credit: Credit cards are a necessary part of everyday life since they have become a universally accepted form of payment. Credit cards are also invaluable during emergencies when people need quick access to cash. Of course, there is a danger of exceeding the credit limit and being charged over the limit fees. In general, customers with credit cards inspire confidence since businesses, with whom they are transacting, are assured of receiving a payment for the services rendered. This is because a customer can borrow the money from the credit card issuer in the event of being unable to settle the dues on...

Card Expert on December 10, 2009 0

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Debit-Card Smarts

Best Cards: Debit cards are fast becoming U.S. consumers' plastic of choice. Bank customers used their cards more than 26 billion times last year to spend more than $1 trillion, says Nilson Report publisher David Robertson. Debit-card use now accounts for two-thirds of Visa's total transactions and half of its dollar volume. With more than 60% of those transactions less than $25, it's clear that shoppers see the cards as a convenient substitute for cash and checks. And many banks encourage debit-card use by offering rewards points. But the cards also raise concerns about security. To minimize risk, be ...

Card Expert on December 8, 2009 0

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Credit: Know Your Limits

Card Insider: Consumers know all too well that going over their credit limit can mean a nasty fee, a higher interest rate and maybe even a lower credit score. But few people are aware that merely approaching their limit can have costly consequences as well. That's because your debt-to-limit ratio, or "debt utilization," is a key component of your credit score. Your debt-to-limit ratio is calculated by dividing what you've spent by your total credit limit. If you have a $5,000 limit and you've charged $4,000 this month, your debt-to-limit ratio is 80%, which is enough to signal to lenders that you a...

Card Expert on December 8, 2009 0

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Good Debt vs. Bad Debt

Best Cards: Many people assume that all debt is the same and a very bad thing. That is simply not true . . . there are times when it is well worth getting into debt, but you need to know the difference between the good and the bad forms of it. Bad Debt Very simply put, bad debt is any debt that doesn`t serve a purpose or increase value. You`ll find that in many cases, this is actually preventable. For example, if you spend $2,000 on your credit card and only pay off $1,000, you`ll be charged around 18% interest on the remaining money. Do this too often and you`ll rack up a huge cred...

Card Expert on November 25, 2009 0

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Manage Credit Card Debt on Your Own

Card Insider: You may have heard that to manage credit debt in some unfortunate midst, you should consult a professional consultant. But really you can do it on your own, without hiring such a consultant at all. First of all you should acquire your credit report and examine it attentively. Some areas need improvement, try to find them. This exercise will help you to familiarize all of the details included in your credit report. The second step. Look for any incorrect information. For example these could be some payments that you made and were not reflected in your report. Make sure that you have highl...

Card Expert on October 1, 2009 0

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College Student Credit Card Debt

Best Cards: This article will be interesting for college students who owe credit card. You can be smart, responsible and educated person, but debt can get out of your control in one second. Our tips will help you to play it safe and avoid many problems. 1. Watch your balance If you want to keep an eye on your college student credit card debt, don’t forget to look at your balance each month and compare statements. When your balances keep going up, your debt is going up. Clearing up why this happens you can change spending adjustments accordingly. 2. Charge Only What You Can Afford Watching th...

Card Expert on September 29, 2009 0

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