| Mum's the word for bad credit
A LOVING daughter was left debt-ridden and confused after her poverty-stricken mother stole her credit card. Rachel Wilsons mother had racked up so many bills that she waited until her daughter was at university before pinching her account details and abusing her new credit card. But despite 22-year-old Rachel being threatened by bailiffs and having her credit record ruined - meaning she has no chance of buying a house or car for five years she refused to shop her mum to police. Ironically the Bournemouth student only took on a card after a university friend advised her that people with no history of repaying loans could find it hard to get credit. In order to build up a decent credit history, I decided to use the card a few times and then pay off the balance, says Rachel, then in her third year.
5 ways how misuse of balance transfer credit cards can cost you dearly
0 Intro APR credit cards are used by many people to avoid high interest rates on outstanding balances. As soon as the 0 Intro period expires - they find another credit card with 0 intro offer or low interest offer on balance transfer and switch balances. In the short term it might look as a good strategy, but it has its own drawbacks. Here are few facts, which if overlooked can cost the credit card holder dearly. The credit card companies might stop approving such applications when they find that the applicant has a sustained history of balance transfer misuse. Lenders like people who pay them interest, that's the main source of their income. So, if the find that when it comes to repaying your debt with interest, you simply cut corners and transfer the balance to a new credit card. They won't be interested lending to you.
Hunt: Credit card should build credit, not create debt
Dear Mary: I have a 30-year-old son-in-law who needs to get a credit card approved so he can buy tires for his truck. Every time he applies for a card, he gets denied. He has no credit and needs to begin. He did try Orchard Bank, but their cards have an annual fee. Can you suggest a card? – Penny N., e-mailDear Penny: I can tell him how to do this, but I must say it bothers me to do so. If you said he needed a credit card to begin building his credit file (he does, and he’s about 10 years late getting started), that would be one thing. But to get a credit card for the sole purpose of going into debt is troubling. Because I assume your son-in-law has no credit history, he’ll be in the same category as those who have bad credit. Go to www.indexcreditcards.com and look for the category "Bad-Credit Credit Cards – Unsecured Credit Cards." There, you will see seven different issuers.
First Data Corp. buyout by KKR approved
Brussels, Belgium - Credit- card transaction processor First Data Corp. won European Union regulatory permission Tuesday to be acquired by private-equity firm Kohlberg Kravis Roberts & Co. for about $27 billion in cash. The European Commission cleared the deal automatically after identifying no antitrust problems and receiving no complaints from rivals. The deal comes amid a flurry of public-company buyouts orchestrated by private-equity groups. The First Data deal would rank behind a proposed $32 billion buyout of the Texas utility TXU Corp. by a group including KKR and Texas Pacific Group. If that deal is completed, it would be the largest private takeover of a public firm in U.S. corporate history. First Data, based in Greenwood Village, was formed in June 1971. In 1980, American Express Information Services Corp.
New Millennium Bank Platinum Visa or MasterCard: A good secured ...
A secured credit card is a special type of credit card issued against a collateral. People with not so perfect credit history find, these type of credit card very useful. Not only such credit cards are easier to obtain but there use is also reported to major credit bureaus and hence they are a good instrument to improve credit ratings. The New Millennium Bank Platinum Visa or MasterCard is one such credit card. In this article we will take a good look at various benefits offered by it. Standard features No CREDIT CHECK
Approved REGARDLESS OF CREDIT HISTORY
Credit Limits UP TO $10,000
Reports to ALL 3 BUREAUS
Get CASH AT OVER 740,000 ATMs .
Things to watch out while applying for Chase Platinum Visa Credit Card
Looking for a credit card with excellent reward program, and reasonable terms? The Chase Platinum Visa Credit Card has all the features to bowl you over. However, to get the maximum out of your Chase Platinum Visa Credit Card there are certain things to be kept in mind. Let us look at a few of them. The Chase Platinum Visa Credit Card issued by J.P Morgan Chase has no annual fee and provides a good number of platinum card holder benefits. The card comes with a 0% intro APR for up to 12 months. The thing to be kept in mind regarding this APR is that the introductory rate period will largely depend on your review of application and credit history by chase. Depending on this assessment the introductory period can be either 12 months for purchases and balance transfers or 3 months for balance transfers only.
To fix immigration bill, look in its nooks and crannies
Beware legislative behemoths. Beware "comprehensive immigration reform." Any bill that is 380 pages long is bound to have nooks and crannies reflecting private deals, quiet paybacks and ad hoc arrangements that you often don't learn about until it's too late. The main provisions of the immigration reform monster are well known. But how many knew, before reading last Saturday's Washington Post, that if Einstein were trying to get a green card, he would have to get in line with Argentine plumbers and Taiwanese accountants to qualify under the new "point system" that gives credit for such things as English proficiency and reliable work history? Good thing Albert was a patent office clerk, and that grooming isn't part of the new point system. Until now we've had a special category for highly skilled, world-renowned and indispensable talent.
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