Credit Cards
Ohhh that little piece of plastic. that damn little old piece of plastic that allows you to fulfill all your dirty little desires. Miserable freaking things Don’t you hate them? I know I do, and I know most of America has a love hate relationship with ..
Credit Cards!
So now that we agree that credit cards are of the devil, what can we say about them that will help us keep more of our own money? A few things.
If you owe more than $3,000 in Credit Card debt go right now to the following websites and ask for free information. Do it right now!
If you owe more that $3,000 get the free info above before you continue. The links open new windows, and its very user friendly. Go ahead and ask, then come back and read about debt consolidation here. Then you can continue finding out ways to avoid common pitfalls of the credit card underworld.
The credit card industry is controlled by about three large companies and you have heard of them all. I am not advocating conspiracy theories, but I will say that it is hard to beat them. Hard, but not impossible since there are many laws that work to your favor that most people don’t know about. Well you can get the info here.
Ok lets cover the problems first:
Q-1) I have too much debt on my Credit Card I will never get free.
Ans. -Scroll up I’ve already helped you
Q-2) It seems like every month I pay more interest and my balance never goes anywhere.
Ans.- First stop using it! Next call the company and find out what your interest rate is. If You are paying more than 6 percent interest (and chances are you are paying well over that, then click here and get your balance transferred to a much better rate.
Why should you just go from one to the other? Good question. The answer is so you can keep more of your money. Let’s just say you owe $100 on your credit card at the average interest rate. That means you’re paying $1.42 per month. Now figure out what you owe on your car, divide by 100 and multiply that times 1.42. That is what you spend for the privilege of having that pretty flag colored piece of plastic in your wallet. Go here and get a pretty color for much much less.
You have to have a credit card, but it is important to try to pay it off each month. As long as you pay by the due date you will never pay any interest. Just make sure you check the terms. some places like to sneak in a way to charge you interest beginning the day you make the charge. I would not take a card like that. You want to know you can pay by the end of the month and borrow your money for free!
Q-3) - Which card company should deal with? It seems like there are so many choices out there?
Ans - Get a low Introductory rate and a 0% on balance transfers if you can. The company is completely irrelevant in todays market. They all want to develop a close relationship with you, but look out, it’s just so they can get into your back pocket. Don’t let that happen. Don’t be afraid to switch companies. Go for the terms not for the provider.
Q-4) - What can I do to lower my payments and my rate?
Ans - Call the company! They put a toll free number on the back of the card so you can call and ask them to stop gouging you. Call and ask them to lower it. If they can’t tell them you have a nice offer in the mail from their competitor for 3% on balance transfers. Don’t say zero. They will let you go, you gotta give them something they can work with.
Another tip is if you can pay right now half of a balance you have been carrying for awhile call and ask them for a settlement. if you owe $5,000, they might take $2,500 to close your account. Won’t hurt anything to ask.
Q-5) - What’s the best way to get rid of all my credit card debt and build my credit at the same time?
Well, if you are not a homeowner the best thing you can do is follow the three links I gave you earlier and get the free info. Credit Consolidation wont build your credit, but it will get rid of your debt and over the long term your credit rating will improve.
Here they are again…
If you are a homeowner, then click here and learn about some options you have that will truly build your credit rating and get you out of debt much faster than you ever imagined.
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