Browse Tag: Credit

A Reverse Mortgage Success Story #reverse #mortgage #line #of #credit


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One person’s reverse mortgage loan success story

Photo courtesy of Lisa Mayo

Before Lisa Mayo got a reverse mortgage loan, she did her homework, just as you might be doing.

She is 68 and got a reverse mortgage loan four years ago on her Tudor-style house in West Covina, California.

Mayo is glad she got a reverse mortgage loan, and there are some things that she thinks you should know before you get one.

Why she got a reverse mortgage loan

“It wasn’t so much for my living expenses; it was more for the things that I wanted to accomplish with my life,” Mayo says.

She is an actor, producer, director, writer and teacher, and wanted to keep pursuing those passions.

“I really wanted to continue with my plan to help kids and to be able to produce shows and pay the actors who come in and help me with what I wanted to do when teaching teens and young adults.”

She took a lump-sum reverse mortgage loan and “put my money away so I can do other things with it. If I wanted to produce a show, then I could take my money out that way.”

Advice on spending

Lyn Coffin, a reverse mortgage loan officer for Mortgage Network in Danvers, Massachusetts, notes that there aren’t restrictions on how the proceeds of a reverse mortgage loan can be used.

“I like to allay those concerns upfront,” Coffin says. “There aren’t really any restrictions” as long as you live in the house and pay property taxes and homeowners insurance.

On the other hand, reverse mortgage loan lenders stress the importance of spending the money responsibly, says Reza Jahangiri, CEO of American Advisors Group, or AAG, a lender that does only reverse mortgage loans.

“We want to make sure the seniors understand that once they get the reverse mortgage loan, just as if they had gotten a cash-out refi or a home equity line, not to go spend all of those proceeds in a discretionary way,” Jahangiri says. “It’s not to go get five trips to Europe or go to Las Vegas and blow the money.”

Her daughter’s role

Mayo was the sole borrower.

She has a daughter, who doesn’t want to own the house one day.

“I knew that my daughter would not live in my house, and what was the point of me having this house if she was not going to live in it? So I thought, well, instead of her spending my money, why don’t I spend my own money?” she says with a laugh.

“I knew that my daughter would not live in my house. I thought, well, instead of her spending my money, why don’t I spend my own money?”

That conclusion was informed by her volunteer work for hospice. She “realized that all those things that all these people that are passing on are cherishing, are no value to anybody else other than the person that’s passing on.”

Mayo informed her daughter of her plan, and her daughter was fine with it.

Reverse mortgage loan lenders say it’s a good idea to involve your offspring, even before applying for the loan.

“We encourage everybody who is involved in the process to bring in everyone involved,” says Paul Fiore, executive vice president of sales for AAG.

Advice to prospective borrowers

Mayo has friends in their 80s and 90s, and when the subject of reverse mortgage loans comes up, “I just want them to go for it — to go ahead and use the money if they want to travel or if they want to do things,” she says.

“Live in the now. Don’t save it for somebody else who’s not going to really value or appreciate it.”

Photo courtesy of Lisa Mayo

When her friends say they don’t have enough money to do what they want, “I go, like, ‘If your house is paid for, or you’ve only got a few more dollars to pay it off, just go ahead and not worry about paying the house anymore. Just as long as you pay your insurance and your taxes, then use that money for something else.”

Again, her volunteer work for hospice guides her philosophy about seizing the day. “The last thing that anybody should ever do is regret what they haven’t done, and just leave it for their children.”

Once you get a reverse mortgage loan, here’s Mayo’s advice: “Not to spend it all in one place.”

The loan process

After doing a lot of online research, Mayo applied for a reverse mortgage loan from AAG. She says she kept asking her loan officer variants of the same question over and over: If she got a reverse mortgage loan, would she be signing away her house? The answer is “no,” but she needed to hear that repeatedly.

“I wanted to make sure I was making the right decision, for one thing, and my fear was that somebody would take away my house,” she says. “What if I got sick and my daughter wouldn’t be able to pay it? So those were the concerns that I had. And he kept reassuring me. I admired him so much because he was so patient with me, and so very kind.”

“I admired (the loan officer) so much because he was so patient with me, and so very kind.”

She completed the required housing counseling.

It didn’t make a strong impression: She thinks the counseling was conducted over the phone. Her memories of the conversations with the loan officer are more vivid.

Having the reverse mortgage loan

The proceeds of the reverse mortgage loan continue to give Mayo the flexibility to produce plays for teens and young adults on the subject of domestic violence.

And she gets to remain in her home.

“I love coming into my house and saying, ‘This is mine,'” she says. “I have a beautiful home, I have a beautiful pool, I have a beautiful view, I live up in the hills.”

“I love coming into my house and saying, ‘This is mine.'”

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How to Rebuild Your Credit After Bankruptcy – Fast #credit #score,credit #cards,bankruptcy,rebuild #credit,credit #report,repair #credit,financial


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How to Rebuild Your Credit After Bankruptcy — Fast

It’s about as popular as a root canal or a blown tire on the freeway. Yet like both of those dreaded occurrences, filing for bankruptcy is commonplace in modern America. In 2013 1,107,699 individuals and businesses in the U.S. had to file for bankruptcy according to government data. While it’s pretty safe to say that not many of the folks who filed for Chapter 7 or Chapter 13 bankruptcy were eager to do it, it’s worth remembering that bankruptcy is by no means a financial death sentence.

After all, bankruptcy protection is designed to provide people and companies with a way to discharge at least some of their debts and start over. And one of the very first steps to reboot your financial life involves rebuilding your credit score.

How Bankruptcy Affects Your Credit Score

There’s no sugarcoating the fact that any individual who has to file for bankruptcy is going to see a negative impact on their credit score. This matters because lenders rely on credit scores – which typically range from 300 on the low end to a maximum of 850 – to determine whether or not to offer you a mortgage or car loan and, if they do, at what interest rate. Put another way, a credit score is a quick way for lenders to decide how risky it is to loan you money.

Not surprisingly, a bankruptcy — which, by definition, allows someone to not repay all of their debts — hammers your credit score. How much it hurts depends on where you started. According to the Fair Isaac Corporation, which is better known as FICO and the best-known company that calculates credit scores, someone with a stellar score of 780 would see their rating plummet to between 540 and 560 after declaring bankruptcy. A person with a starting score of around 680 can expect to drop between 150 and 180 points, to between 500 and 530, after a bankruptcy. You can take a look at the credit profiles of the two people used in the FICO example here.

What does this all mean? In short, bankruptcy is a major red flag to lenders, a fact that is reflected in your credit score. In April of 2014 FICO reported that its median score was 711. Scores of 550 or lower are considered “deep subprime” by lenders and carry with them high interest rates – if you can get a loan at all.

Rebuilding Your Credit to Improve your Financial Health

Fortunately, a bankruptcy is by no means game over for your financial life. There are steps you can take to begin rebuilding your credit and, eventually, your overall financial health. “Bankruptcy is a very difficult and emotional time since there are severe consequences, but it also represents a chance to “start over” from a financial sense,” says Bill Harddekopf. CEO at LowCards.com.

According to Hardekopf, the road back to financial well being starts with rebuilding your credit score. “One of the first things to do is to get a free copy of your credit report, which you are able to do once a year from each of the three major credit reporting agencies. Check this for errors. Make sure you also determine your FICO credit score and work diligently to build up this score each month.”

Raising your score, says Hardekopf, is all about getting back to basics. “Pay your bills on time. Don’t spend more than you can afford. Get a credit card that reports to the credit reporting agencies and pay off the entire balance each month so you don’t incur any interest charges–this will help slowly build your credit score.”

Gerri Detweiler, author of Debt Collection Answers. How to Use Debt Collection Laws to Protect Your Rights, counsels that it’s important to avoid the urge to steer clear from credit after a bankruptcy. “Unfortunately, many people avoid credit afterward, which is understandable, but doesn’t help the situation,” she says. Instead, Detweiler says to focus on responsibly repaying any loans — such as a car or student loan — that may have survived bankruptcy. “Continue to pay them on time. You may also want to get a secured credit card. Use it for one purchase a month (your cell phone bill for example) and pay it off right away, and it will provide a valuable credit reference,” she says. “I’ve seen consumers boost their credit scores by 50-75 points or more in one or two years using this approach.”

Ways to Improve Your Credit After a Bankruptcy: A Checklist

As both Detweiler and Hardekopf make clear, being proactive about rebuilding your credit score after a bankruptcy is a must. Here are some other ways to take an active role in reinvigorating your financial health post-bankruptcy:

Know your credit score — Many people put this one off, because it can be painful. You know your credit score is low so does it really matter how low? Yes, it does. Get a copy of your credit report and know your score. Review it for any inaccuracies and make note of your debts. Only then can you come up with a plan to pay off your debts and improve your credit. WisePiggy.com is a great resource to get your score truly for free (without having to enter your credit card number).

Open a new bank account — Opening a new checking and savings account will demonstrate financial stability. It can also give you a fresh slate to practice good financial habits. When you open your account, talk to the banker about signing up for automatic online bill pay. This will ensure that your bills are paid on time, which is a major factor in good credit.

Apply for a secured credit card — If big credit card bills led to your bankruptcy, you may feel like this is a terrible idea. Why go down that path again? The best answer is that secured credit cards are one of the easiest ways to build credit and improve credit scores. Compare interest rates of different cards, so you can select a card with the best rate and a low annual fee. A rate around 15% is good and an annual fee less than $30 is desirable.

Get a gas card or a retail card — Gas and retail credit cards will also improve your credit. If you drive a car, you will have to purchase gas. You should make those purchases work for you. Gas and retail cards typically don’t require applicants to have good credit and, in fact, cater to folks with blemished credit.

Pay off your balance in full every month — While you are reestablishing your credit, it’s critical to pay off your full balance every month. This demonstrates to creditors that you are not a risk. Timely payments also have a significant impact on your credit score.

Continue to monitor your credit score — Check your credit score regularly (monthly is ideal) while you are actively improving your credit. Watching that number go up can make you feel like your hard work is really paying off.

Finally, it’s also important to remember to be patient throughout this process. A bankruptcy can impact your credit for as long as 10 years. But the more active a role you take and the sooner you get started, the quicker you can bounce back from bankruptcy. The bottom line is avoid a bankruptcy if at all possible, but if you have to file, then know there is hope. Good luck and please share any tips or feedback you might have below!

Curtis Arnold, a nationally recognized consumer advocate, is the founder of BestPrepaidDebitCards.com. which provides ratings of prepaid cards and secured credit cards. He also founded CardRatings.com almost 20 years ago.

10 Best Cities To Get Rich


How to Get a Credit Card when You Have a Low Income: 14 Steps #credit


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How to Get a Credit Card when You Have a Low Income

We all know that building credit is an important component of financial security, but if you have a low income it can be difficult to get a credit card in the first place. While obtaining a credit card is mostly determined by your credit history and income, there are some adjustments you can make to increase your chances of getting your application approved.

Steps Edit

Part One of Three:
Maximizing Your Qualifications Edit

Make sure you’re including the right people. Credit card companies want to make sure that a debtor will be able to pay off any debts that accrue while they have an account. For this reason, they will ask about your income. Be sure that you’re including all of the right people when you count your income.

  • Although applicants can no longer count their “household income” when applying for a credit card, if you are married, you are allowed to count you and your spouse’s joint incomes (as long as their income is available to help you make payments). Just remember, more people usually means more income, and the more income you have, the more easily you will qualify for a card.

Don’t forget about your side jobs. If you make more money, you seem like less of a credit risk, because you have more of it to repay your debts. A lot of people work gigs and side jobs throughout the year to make a little extra money. You are entitled to include all of your income, and not just your primary source of income, when you are applying for a credit card. Whether that is a musical gig at the local bar or mowing your neighbors’ grass, if it brings in money, it counts.

  • Also remember to include alimony, government benefits, investments, and child support. [1]

Reduce your expenses. The fewer standing expenses you have, the more money you have to pay for your credit card. If you have a car payment, consider trading in for a less expensive model. If you rent furniture and appliances, purchase them instead, even if you have to buy your furnishings one by one rather than in sets. Consider refinancing your home to reduce your mortgage payment, or relocating to a less expensive property if you rent.

Consolidate the debts you do have. If you already have credit cards, consider transferring some of the balance of higher interest cards to lower interest ones, saving you money on interest. The less you spend on interest, the more money you have, which makes you seem like less of a credit risk. While it’s best to split your balances among different credit cards, you can still minimize the interest you’re paying. [2]

  • Make sure your debt to limit ratio is low on every card. If you have $500 of debt on your American Express card with a $1,000 limit, your AmEx card has a debt to limit ratio of 1:2. If you have $300 of debt on a Visa card with a $4,000 limit, your Visa card has a debt to limit ratio of about 1:13. You don’t want to appear to be maxed out on any one card, so if you find yourself in a situation like this, you should move $400 of debt on your AmEX card over to your Visa card so that your new ratios are 1:10 and about 1:5. [3]

Open a checking and savings account. Your potential creditor wants to know that you have a viable way of paying the bill, and without a checking account, that’s very difficult to do. The credit card application will ask you if you have one or both, and having both is really good; it makes them think that you must have money leftover, tucked away in case of emergency.


Adding Delta MQMs From Delta Reserve Credit Card – Points Miles – Martinis #delta #mqm


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This post may contain affiliate links from our advertising partners, such as American Express. Read my Advertiser Disclosure policy here.

One of the easiest ways to earn Delta Medallion status is the easy way. by earning Medallion Qualifying Miles through their credit cards. Once you meet the spending criteria on the credit cards and the MQMs are awarded, the actual process to claim or gift the miles is rather an easy process.

This week I got my first message this year from Delta informing me I had the opportunity to select or gift an additional 15,000 Medallion Qualifying Miles (MQMs). Since I ve spent $30,000 on the Delta Reserve card in a calendar year. Unlike the Gold Delta SkyMiles® Credit Card from American Express. the Delta Reserve gives you the ability to earn MQMs simply by putting spending on your credit card each year.

This was my second year through the process. Instead of gifting these MQMs like I have done in the past, I selected the option to add them to my account. Plus, I ll have a second option to earn MQMs this year when I spend another $30,000 on the credit card. Those I can add to my account or give to a friend.

Adding Delta MQMs From Delta Reserve Credit Card

Step 1: Check Your Email Or Your Statement

Delta will email you once you hit $30,000 spending on your eligible credit card in a calendar year. I find it usually comes after the statement is closed and paid in which you spend over $30,000 in a calendar year.

Step 2: Select Your Card To Redeem MQMs

Next, log-in to your Delta account and select the MQM redemption option. If you have the Business and Personal card, you can select each one individually. If not, select the one you have and move forward with the MQM transfer process.

Step 3: Enter Your Account Information And Confirm

You ll enter your account information if you are adding the MQMs to your account. If not, enter whom ever you like to transfer the MQMs to.

Step 4: Confirm The MQMs Have Posted

The last step is my favorite. Navigate back to your mileage balance and activity to view the results. I love seeing a quick 15,000 MQMs added to my account.

Frequently Asked Questions

1) When does the calendar year close for earning eligibility?

2) What exactly do I get when I spent $30,000 on the card in a calendar year?

3) Which miles count towards status?

4) What happens if I don’t select a recipient to receive the MQMs?

    • If within 90 days, you do not elect to designate an MQM recipient, the MQMs will be deposited in your SkyMiles account

5) Can I earn 30,000 MQMs from the consumer and the Business Delta Reserve Card?

6) Can I earn multiple year end bonuses if I get the personal Platinum Delta SkyMiles® Credit Card from American Express. Delta Reserve card, etc cards?

You may be permitted to have more than one Options, Classic, Gold, Platinum, or Delta Reserve Card from American Express account; however, you are only eligible to receive one annual bonus for each type (i.e. Options, Classic, Gold, Platinum, or Delta Reserve) of Delta SkyMiles Credit Card account from American Express

Bottom Line

I find that the process couldn t be easier to add MQMs to a Delta account through an eligible Delta Reserve card. I also think the Delta Reserve card and it s signup MQM bonus is a great way to add a quick set of MQMs. So if you re in for some last part of the year MQM earning opportunities, you could consider this card, the Double MQM bonus to Seattle. or other last of the year MQM earning options .

Related Posts

Editorial Note: Opinions, analyses, reviews or suggestions expressed on this site are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This post was accurate at the time of posting, offer may be unavailable on this site at a later time. For details on current offers visit the card issuer’s site.


Is It Safe to Use Your Credit Card Online? #how #to #use #your #credit #card


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Is It Safe to Use Your Credit Card Online?

Being in the Internet industry, and dealing with customers on a regular basis, we often come across people who feel a real debilitating unease about using their credit cards to make online purchases. While it is reasonably common to read about Internet scams, stolen identities and so forth, my contention is that it is no more unsafe to use your credit card online than it is to use it anywhere else.

The fear is that when you enter your credit card details into a field on a website, you don’t know where those details are going to end up, or you’re not sure who might be listening to the transaction. These are legitimate concerns, but really, they aren’t significantly different to you giving your credit card to a waiter in a restaurant. How hard would it be for a member of the waiting staff to make a quick copy of your card number and expiry date? How hard would it be for him to retrieve such records from sales documentation and go on a shopping spree courtesy of you, once he had your details?

I guess what I’m saying is that in reality it is virtually never 100% safe to use your credit card. However, just as one tends to exercise care with credit cards in the physical world, so can one exercise similar care in cyberspace that will result in a similar level of safety and security.

First of all, a waiter is unlikely to steal your credit card numbers. He or she knows that with the amount of electronic record-keeping and verification that goes on, the likelihood of being traced and caught for using your card illegally is pretty high. We know, too, that reputable firms are likely to have policies and practices in place to prevent staff from being easily able to abuse knowledge of your credit card details – but the operative word here is reputable firms. So, the first and most obvious piece of advice is to only use your credit card to purchase online from firms you feel you can trust – firms that have known physical premises, places that have been around a while and have been conducting online transactions for a some time without major problems. You should feel a lot more confidence giving Amazon.com your details than when you’re using them at Fred’s Online Porn Palace.

Secondly, you should never enter your credit card details over an unsecured site. A secure site will use encryption to protect your data as it travels between your computer and theirs. Anyone intercepting that data between the two sites will not be able to make sense of it and it will be of no use to them. You’ll know you’re on such a secure page by the fact that the http:// in the page address changes to https://, and/or a little closed lock icon appears in the lower portion of your web browser.

Thirdly, it is definitely unwise to send your credit card details via e-mail. In reality, e-mail travels between computers pretty much like a postcard travels through the post. It can be intercepted and read by parties you’re unaware of along the way (unless you’re using some form of e-mail encryption that not many people bother with). Sending your details by e-mail also means that an electronic copy of those details is on your machine, and is probably saved on someone else’s as well. This means that if your computer (or theirs) is hacked or stolen, someone else may be able to retrieve the details and put them to nefarious use. Some people recommend sending credit card details broken up into two or more separate e-mails. This might reduce the risk a little, but not much more than doing the same thing with two or more postcards through the post.

Lastly, in a worst case scenario, if someone does manage to get your credit card details and use them for their own ends, you’re not likely to be liable for the debt anyway. I spoke with someone at ANZ Credit Cards in New Zealand who informed me that Internet vendors are required to verify you are who you say you are before they accept a credit card purchase. If you can make a good case that it was not you that made the purchases, and the vendors didn’t attempt to verify your authenticity, then the credit card companies will pursue the debt with the vendor and not with you. Please be aware that I write this on the basis of one telephone conversation with one ANZ employee. You are advised to check this sort of policy yourself with the bank or lending institution through which you have your credit card.

Credit card companies are aware that many people remain reluctant to use their cards online. Of course they want you to use your card as often as possible, so initiatives are currently underway by the major companies to address people’s security concerns. Visa are developing a procedure called Verified by Visa that will be based on a secret password that only you know and that can be transmitted to the vendor without him learning it. Mastercard are working on their own security technique called S.E.T. (Secure Electronic Transaction) that will use further encryption to make things at least appear more secure to the public. You can read about these initiatives on the respective websites http://www.visa-asia.com/verified/index.shtml and http://www.mastercard.com/nz/shoponline/set/index.html.

Then There’s Always PayPal

Paypal is a reasonably neat little service that allows you to pay individuals (who wouldn’t normally accept credit cards) and some businesses, using your credit card and without sending any details to anyone at all (except once to PayPal, of course). You pay PayPal instead, who then pay the person on your behalf. You can receive money from people in the same way. You provide PayPal with your credit card and your cheque account details. If you pay someone, PayPal debits your card and pays into the other person’s cheque account. If your receiving money, PayPal debits their card and forwards the money to you. You can leave your balance at PayPal and use it to pay others, or you can choose to have your balance paid out into your cheque account (for a small fee). It’s a great and reliable service used by many people on the Internet. It is very well known and widely accepted, and loved by online Auction enthusiasts who often buy from individuals overseas.

It’s free to register with Paypal (www.paypal.com ).

It’s an Online World

The thing is, E-commerce (commerce over the Internet) is rapidly becoming a way of life. It’s getting easier and safer to purchase online, and it is just so darn convenient. Many so-called Net experts go so far as to say that within 10 years we’ll be buying just about all our groceries online and having them delivered because it will be cheaper for supermarkets to do it this way than to hire uniformed checkout staff and maintain enticing storefronts. More and more people are using sites like Ebay (www.ebay.com) to shop for birthday presents or to further their hobbies. It’s often cheaper to buy books or music overseas (where you’re more likely to find what you really want) and have them shipped here than to buy the same items at a downtown store.

The web doesn’t just bring us information. It brings us wider choice, enhanced opportunity and convenience. If you’re still uncomfortable using your credit card online, then don’t, but it would be a shame for you to miss out on all that choice and convenience unnecessarily due to mistaken fears.


Free Credit Score – check your scores and credit report now #does #credit #score #affect


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How to get a free credit score

Want to know your credit score? It’s never been easier to find out for free.

While getting a free score has never been a right, in recent years, the Consumer Financial Protection Bureau has encouraged credit card companies to begin providing free credit scores to their customers. Many big banks have begun to do so.

Credit-scoring giant FICO also recently announced that it would provide free versions of its score to consumers in financial trouble through places such as qualified nonprofit credit counselors.

And there are numerous websites that help people check their credit — Bankrate included. You can see your credit report and credit score for free at myBankrate .

Finally, rules under the Dodd-Frank Act stipulated that creditors must disclose the credit score used to make a lending decision, along with information related to the score, if a consumer is denied or offered terms that are less than the best.

This includes the range of possible credit scores under the model, four or five key factors that hurt the score, the date the score was created and the credit reporting agency that provided it.

Different credit scores

Know this, though: There’s not just one credit score. Although the most widely used score is the FICO score, another credit score could show up on your disclosure and the lender doesn’t need to identify the brand.

But there may be ways to decipher the score’s origin. If the range is between 300 and 850, it could be a FICO score. Still, it could be a specific FICO score, such as one designed for credit card issuers, and not the one available on myFICO.com. If the range is 501 to 990, it’s a VantageScore, which was developed by the three credit reporting agencies: Equifax, Experian and TransUnion. Some lenders may use a newer VantageScore model, which now offers the same range as the FICO.

The free credit score likely will come from one of the three credit reporting agencies: Experian, Equifax or TransUnion, but the company won’t be able to discuss your credit score.

“We are the source of the credit report used to calculate the score. But we’re not the source of the credit score itself,” says Rod Griffin, director of public education at Experian.

Know your risk factors

The agencies won’t be able to tell you how much a missed payment deducts from your score or even which trade line is valued the most in the score. But what they can do is go over your credit report and make sure there are no mistakes. They can also help you understand the factors that affect your score, which are included in the disclosure notice.

“It seems like a contrary message,” says Griffin, “but consumers shouldn’t worry so much about the number, but instead focus on the risk factors. That’s what is going to improve their scores.”

Risk factors include a history of late payments or a high credit utilization ratio, which is the total amount of revolving credit someone uses in a month compared with the amount of credit they have available.

The most heartening part of a free credit score disclosure: Your number is not fixed. Hence, the date on the disclosure notice, which indicates when the score was calculated.

So, if you pay down debt or bump against a credit limit, your credit score could be higher or lower the next time it is pulled. Your score can change as often as the information in your credit report does.

“We want consumers to use the information as a tool rather than a source of frustration,” says Griffin.


How to Build Business Credit in 5 Steps #credit #help


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How to Build Business Credit in 5 Steps

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money .

If you’ve been denied a small-business loan, it might be because you have bad personal or business credit. Forty-five percent of small-business borrowers who get a “no” from creditors are turned down because of their credit scores, according to the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia. Borrowers with bad credit might also have higher interest rates, higher insurance premiums and less favorable payment terms with suppliers.

A strong business credit profile doesn t just help you secure a loan; it s also important for attracting new business. Unlike with personal credit reports, anyone — including potential customers, partners and suppliers — can look at your business credit report. Those parties look at your report as an employer would an individual’s resume, says Amber Colley, director of sales and partnerships at Dun Bradstreet, a business credit bureau.

“It’s not just about finances,” Colley says. “It’s about your credibility.”

You can get a small-business loan despite bad personal credit. But if you take steps first to build your business credit, you’ll qualify for lower interest rates, cutting the total cost of your loan. Here are five steps to build your business credit.

How to build business credit

1. Keep your information current with all three credit bureaus.

There are several credit bureaus that collect data and create business credit scores, including Dun Bradstreet, Experian and Equifax. But compared with personal credit scores, which follow the standards set by Fair Isaac Corp. to produce a standard FICO score, business credit scores are much less streamlined. Each business credit bureau has a different formula for calculating scores, and different lenders report different types of data, says Gavin Harding, a senior business consultant at Experian.

Get Your Free Personal Credit Score Every Week from NerdWallet

  • Open more doors for financing your business.
  • Set your goals and track your progress.
  • Signing up won’t affect your score.

Since you never know which credit bureau your vendors, creditors or potential customers will check, it’s smart to maintain all three. Dun Bradstreet, for example, allows business owners to update basic business information (such as years in operation or number of employees) and upload financial statements. The more complete your profile, the better, Colley says. For more on how to monitor your score, check out our business credit score guide.

2. Establish trade lines with your suppliers.

If you buy supplies, ingredients or other materials from third-party vendors, those purchases could help build your business credit. Many suppliers extend trade credit, which means they allow you to pay several days or weeks after you receive the inventory. If you have this type of accounts-payable relationship, ask your supplier to report your payments to a business credit bureau. Your business credit score will get a boost as long as you stick to the terms of the trade agreement.

You need at least three trade lines to get a Dun Bradstreet Paydex score, which measures past payment history. Even if you don’t work with a lot of suppliers, Colley suggests setting up trade lines with any small vendor, such as your water or office supplies distributor. If those vendors don’t report to a credit bureau, you can list them as a trade reference on your account, and Dun Bradstreet will follow up to collect your trade data, Colley says.

3. Make payments to creditors on time or early.

Although each credit bureau uses slightly different methods of crunching business credit scores, all of them consider your history of paying creditors. To ensure a good score, make sure your payments are on time or, even better, early. Dun Bradstreet only assigns perfect scores to those who pay early.

Nerd note . A long credit history tends to weigh favorably, so the sooner you can start establishing business credit, the better. Also, credit utilization is a factor in business credit scores — as it is with personal credit scores. So use your cards and lines of credit, but don’t max them out. Limit your spending to 20% to 30% of your credit limit.

4. Borrow from lenders that report to credit bureaus.

Small-business loans can actually boost your business credit if you make all your payments on time and the lender reports to a business credit bureau. But not all lenders do. So if you’re intent on building business credit, ask the lender whether they report before you take out a small-business loan.

Banks typically report to credit bureaus, but if you have bad credit, you probably won’t qualify for a bank loan. Many online small-business lenders — which are more willing to lend to bad-credit borrowers — also report, including OnDeck, Lending Club, Funding Circle, Fundation, Kabbage and BlueVine. However, lenders including SmartBiz, Lighter Capital, Fundbox and merchant cash advance companies don’t report.

5. Keep your public records clean.

In addition to detailing your business’s history of paying creditors, your business credit report will have any public records filed in your business’s name, including bankruptcies, judgments and liens. A judgment is a court ruling; if the ruling is against you in a debt collection lawsuit, it will have a negative affect on your credit score. A lien is a creditor’s legal right to seize your property unless you pay an owed amount, such as an outstanding small-business loan or unpaid taxes.

These negative marks on your business credit report can haunt you. Bankruptcies, for example, stay on your Experian credit score for almost 10 years; tax liens, judgments and collections remain for almost seven years.

The bottom line

Building good business credit can help you get lower-interest small-business loans, business credit cards and better terms from your suppliers. It may even help attract new customers, since anyone can check your business’s credit score as a way to gauge your trustworthiness and responsibility. Your business credit score will likely vary by credit bureau because each bureau calculates scores differently. But generally, the best way to build business credit is to update your business information with business credit bureaus, establish trade lines, borrow from lenders that report to credit bureaus, and make payments early or on time.

Find and compare small-business loans

If you’re looking for a loan, check out NerdWallet’s small-business loans page. We gauged lender trustworthiness, market scope and user experience, among other factors, and arranged them by categories that include your revenue and how long you’ve been in business.

Updated Dec. 1, 2015.

Image via iStock.

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CyFair Federal Credit Union – Business Loans #credit #union #business #loans


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Cy-Fair FCU is pleased to offer financing backed by the U.S. Small Business Administration (www.sba.gov ) for its members who own small businesses.

Available for long term financing of owner-occupied small business real estate

Also available for business acquisitions, partner buyouts, debt consolidation, refinancing, and business expansion

Financing up to 25 years for real estate and 10 years for equipment

Answering your questions

Applying for a loan

Providing current rates and terms

We can help you leverage the power of your future, today, to make your goals a reality.

WE SUPPORT YOU IN REACHING YOUR GOALS

Partnership: Business Financing

Cy-Fair Federal Credit Union assists entrepreneurs and growing companies with many aspects of business financing. Our loans are specifically designed for:

Small- to moderate-sized companies

To qualify for a loan, your business must have been in existence for a minimum of two years. Talk to us today about the benefits of business lending and how we can be a partner in your future.

Lending Solutions. Our Portfolio

We are committed to providing great lending options and tools, with competitive rates, and expert member service. We currently offer loans secured by:

  • Accounts Receivable and Inventory
  • Business Use Vehicles

Commercial Real Estate*

Apartment complexes and rental properties

Facilities used for retail, manufacturing and wholesaling/distribution

Office buildings and facilities with leased space

  • Collateral (business operating cash flow)
  • Unsecured

We look forward to working with you on using business lending as an effective tool toward your long-term success.

* Underwritten with emphasis on the borrower s creditworthiness as well as conventional analysis of the property s cash flow and debt service coverage.
** Terms generally one year.

Personal Credit Report & Help Understanding Your Credit Score #personal #credit #report, #understanding #your #credit


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Understanding Your Credit Score and Report

If you’ve ever obtained a mortgage or car loan, it’s likely your credit history and personal credit score have been checked in order to receive that loan. Understanding your credit score and taking steps to improve it can help you maintain a healthy financial outlook.

The importance of credit

In simplest terms, credit is money you borrow and promise to pay back with interest. Types of credit include revolving credit, such as credit cards; automobile and personal loans; and home purchase, refinance and equity loans. Having access to credit is important, as it can be useful in times of emergencies, is sometimes more convenient than cash, and allows you to make large purchases. However, misusing credit can cause financial problems.

What is a personal credit report?

Your personal credit report is a summary of information on file with a credit bureau, a company that collects data about how people handle credit. The three major credit bureaus are Equifax, Experian and TransUnion. Your personal credit report contains information about your financial background, including:

  • the total number of credit accounts you have open, including mortgages, credit cards, automobile loans and other accounts;
  • the amount you owe on each account, and the monthly payments you must make on each;
  • the accounts that are properly paid;
  • “delinquent” accounts (for which payments are past due, may negatively impact your credit score);
  • “derogatory” accounts (those which negatively impact your credit score);
  • and accounts that have been closed.

The report will show inquiries – when an organization such as a bank or retail store requests a copy of your report. It will also show public records such as judgments, state or federal tax liens, and bankruptcies and the total amount of money involved.

How a credit score is determined

Your personal credit score is generated by a mathematical formula using information in your credit report. Credit scoring was first developed in 1958 by Fair Isaac Corporation to help predict whether a borrower will repay their loan on time. The resulting score is commonly called a FICO score, after Fair Isaac. Until recently, the scale ranged from 300 to 850. In March 2006, the major credit bureaus announced a new scale ranging from 501 to 990, with higher scores being most favorable, along with an A-through-F letter grading system to help consumers better understand their personal credit scores. For example, a score between 901 and 990 is an A, 801 to 900 is a B, etc.

When a credit bureau calculates your score, they do not take race, religion, age, sex or marital status into account. Neither does your income, occupation or employment history figure into the score, nor if you’ve been turned down for credit.

Check your credit report

Review your credit report for accuracy, and immediately report any errors to the credit bureau or directly to your financial institution. The three major bureaus are required by law to provide a free personal credit report once a year at your request. They will also provide it for free under certain circumstances, such as if you were recently denied for credit, or if you suspect someone has been fraudulently using your account.

Strengthen your credit score

Credit scoring is predicated on five basic factors: your payment history; the level of outstanding debt; the length of your credit history; the number of inquiries on your report; and the types of credit present. By understanding your credit score, you can learn how improve on each of these factors and try to boost your personal credit score.

  • Improve your payment history by paying all your bills consistently and on time. Carefully consider any offers from creditors to “reduce” or “skip” payments before accepting.
  • Get current on delinquent accounts to reduce your outstanding debt and to avoid having delinquencies reported. Keep balances low on credit cards.
  • Build on your credit history. The longer you’ve had credit, particularly if it’s with the same credit issuers, the better for your credit score.
  • Think twice before applying for new credit. Don’t open accounts you don’t need, as inquiries made on your credit report will lower your score.
  • Diversify your credit. A large number of revolving credit accounts with open balances, for example, can result in a lower score than a combination of mortgage, installment and revolving credit balances.

Repairing and managing credit

A low credit score can translate into higher loan and credit card interest rates. But it can also inhibit your ability to secure insurance, school loans, rental housing, utilities, and even elective medical procedures.

If you have had credit problems in the past, you can work to repair your credit on your own or by using a credit counseling agency. Ask several agencies about services, fees and repayment plans before signing a contract. Beware of agencies that ask you to pay before services are provided, or that promise a quick fix, as it may take years to repair your credit legitimately.

If you find errors on your credit report, you should correct them as soon as possible to prevent any negative impact on your credit score. To dispute an error, you may contact the financial institution that reported the incorrect information to the credit agency or go directly to the credit agency. Provide all the necessary details in writing to explain the error. They will then have 30 days to investigate the error, submit any corrections needed to the credit agencies and provide you with a written response. Learn more about disputing information reported by TD Bank.

To protect your credit in the future, create a budget to help you reduce debt and pay your credit obligations on time, every time. When you do spend money, spend it wisely. Consider fees, interest rates, and whether you can afford the monthly payments before you obtain new credit. The sooner you begin to re-establish good credit, the sooner you’ll improve your credit score.

Contact Us

Call Customer Service 24/7 at 1-888-751-9000 to learn more.


Best home equity mortgages and loans lending company #home #equity, #home #equity #loan, #home #equity


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Need to borrow money? Your credit, age or income are not an issue!

Since 1969, Alpine Credits has been helping people in British Columbia, Alberta and Ontario get home equity loans (home equity mortgage) when they need it.

Home Equity Loans from Alpine Credits are the fastest and easiest way to get money from your home regardless of your income or credit history. If you own a home we can approve your home equity loan in as little as 24 hours and can get you the funding you need in a matter of days.

With a home equity loan you can use the money to renovate your home, invest in your business, purchase investments including real estate, pay for wedding expenses, pay for education, fund your dream vacation or, finance other temporary needs – whether it is topping up your RRSPs, clearing off tax debts, or even consolidating debt.

We go out of our way to offer great rates and excellent service. Unlike other lenders, our application process is simple and quick and we are always available to answer any questions you may have. We pride ourselves on our helpful and knowledgeable team – no matter what your current financial situation is, we welcome you to contact us to learn more about your financing options.

If you re looking to capitalize on your property s equity, we want to help. Call us at 1-800-587-2161 for more information about our home equity loans / mortgage loans or apply online today.

How We Help

There may be a variety of reasons why you need to borrow money – some of them are expected and some of them are unexpected – regardless of why you need to borrow money, Alpine Credits is here to help. Please click on any of the icons below to learn more about how we can help with any of your financing needs.

Debt Consolidation Loans

I recently contacted Alpine Credits regarding a non-standard mortgage financing request. Alpine Credits displayed the highest level of professionalism and commitment throughout the process, and worked diligently to satisfy my financing needs.

Bart in Vancouver BC

The fast, friendly service provided was exceptionally impressive. When I First called to speak with my representative on the phone, I must say his warm, friendly voice was one factor that prompted me to choose ALPINE to help me with my financial goals. I was further convinced I had chosen the right people to work with when I met with you personally to work out a good plan. The level of knowledge and professionalism was remarkable and instrumental in helping me make informed choices and decisions.

Poh in Mississauga, ON

“I am writing this letter to you to express my gratitude for treating me in a respectful, honest and dignified manner during our course of business. I am completely impressed with the speed, preciseness, thoroughness that you focused on my equity loans. That combined with simple, detailed explanations throughout the entire process made the experience for me stress free.”

Donald in Port Alberni, BC

Thank you for helping us through a most difficult time in our lives. I have never experienced losing our home, our business. We had no money to pay our bills…To our rescue, we called Alpine Credits and on the other end of the phone was our wonderful case worker. We spoke over the phone, all the numbers we could work with and came up with a solution.

Fraser and Jennifer in Chilliwack, BC

I am very appreciative of the prompt service which I have received, and thank you very much for taking time our of your lunch hour to accommodate me. So far it has been a pleasure dealing with you and at this point I have no suggestions for improvements. So far so good.

Assad in Calgary, AB

Thank you very much for looking after me so well and your help. I was very pleased with the service I received and will gladly recommend you to anyone. Even on the phone I got a better answer than I got from the bank in person, thank you again.

Sigrid in Markham, ON

Alpine Credits thank you for your outstanding, professional service. Your associate was direct and prompt with answers to me needs and questions. Alpine gave me the money to increase my property and gave me peace of mind at a very difficult period in my life. Thank you Alpine I would recommend your company to anyone. Please keep my file, as I m sure that I will be an ongoing client.

Diane in Red Deer, AB

We found Alpine Credits Limited very good to work with. Their staff was very pleasant and easy to talk to. They were very fast and willing to go the extra mile to accommodate our request. Over all we had a good experience dealing with Alpine Credits.

James in Brampton, ON

Dwayne and I would just like to thank you and Alpine Credits for all the help over the past few years. Your service is great, you always make us feel right at home. Thanks again for everything.

I have dealt with Alpine Credits for over 2 years and I am very pleased with their service, honesty, due diligence and would recommend them to anyone in the need of their assistance.

I just wanted to thank you for all your help. We greatly appreciate it. Everyone that we dealt with at Alpine was so pleasant and helpful. You took the time to help us out with the mortgage, you were great. Thanks again for all your help.

Wendy in Edmonton, AB

Friendly atmosphere and I was welcomed nicely. Easy to understand for the average guy and I would recommend Alpine if the need and circumstances arise for someone I know.

Richard in Vancouver, BC

Hi, I just want to say that you for talking to me and approving us after I got off the phone with you. I almost cried I have been so stressed out with CRA making so many threats and telling me we will lose our home and basically put my husband out of business. I had such a relief someone is willing to help us, I was dumbfounded after bank strung us along and said no. Thanks again you have no idea how much this means to us.

Cheryl in Pitt Meadows, BC


Psychopharmacology For Non-Prescribing Therapists: Exploring the Use and Abuse of Psychotropic Medication, Online CE CEUs


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Psychopharmacology For Non-Prescribing Therapists:
Biological, Cognitive, Personality, Health, Clinical Issues
Critique about the Use and Misuse of Psychotropics

7 CE Credits/Hours – Online Course – $79.00

Developed by Ofer Zur, Ph.D.

Note: This course is different than most psychopharmacology courses as it includes an extensive critique of the misuse and abuse of and harm by psychotropic medications. This course is geared to those who are interested in employing rigorous critical thinking regarding the use of psychotropic medications. Read carefully the course description and syllabus below before signing up for the course.

This course includes materials consisting of:

General Course Description

Psychotherapists are regularly faced with the question about whether to consider psychotropic medications in treatment or whether to recommend medication evaluation to their clients. They routinely have to deal with clients who expect a “quick fix” and demand a pill to alleviate the suffering. Like clients, psychotherapists are often overwhelmed with the wealth and often conflicting medical and pharmacological information that is presented to them in professional literature, live workshops and TV commercials. As a result, clinicians are unaware of the specific side effects and drug interactions of psychiatric drugs. Managed care’s demand for short term treatment, indoctrinated clients who seek an immediate relief combined with pharmaceutical marketing campaigns puts a lot of pressure on psychologists, social workers and counselors to consider medication and refer to a medicating physician for prescriptions.

This beginning level course reviews the major groups of psychiatric medication and provides the participants with an array of readily available online listings of medication by trade and generic names and by populations and conditions they are designed to be used with. It covers, with details, the major groups of Antidepressant, Anti-anxiety, Antipsychotic, Anti-Mania and ADHD medications. The medication for each group is listed, described and the side effects and contra-indications are reviewed.

Along with the description of the medications and their purposes and uses, the course takes a critical look at the use and abuse of psychotropic medication in the treatment of mental illness and for those who are not mentally ill. The course explores the economic interests of the psychopharmacological industry and its power and influence on the FDA, the construction of DSM categories and the general “quick fix” attitude of the culture. The work of Dr. Szasz (Myth of Mental Illness), Dr. Breggin (Toxic Psychiatry, Talking Back to Prozac) and others will be included in the exploration of the concepts, such “chemical imbalance,” to justify extensive and often excessive use of psychotropic medications.

Finally, the course provides numerous and readily available resources on and listings of drug information, updates, side effects, drug interaction and counter indications. It also reviews the debate around the movement for prescription privileges for psychologists and provides resources for obtaining free and low fee medications.

Educational Objectives

This course will teach psychotherapists to:

1. Differentiate among the types of currently available psychotropic medications.

2. Identify which medications are clinically indicated for which mental health disorder.

3. Evaluate the “risks vs. benefits” of different medications.

4. Apply your knowledge in assessing side effects of drugs.

5. Identify the economic and political forces that promote the wide, damaging and abusive use of psychotropic medications.

6. Assess the argument against extensive and excessive use of psychotropic medications.

7. Offer a wide range of online listings and resources regarding psychotropic medications.

Course Syllabus

Psychiatric Medication by Generic and Trade Names

Antidepressant Medications: General Information Critical Look at Issues of Suicidality and Violence

Antipsychotic Medications (Neuroleptics): General Information Critical View

Anti-Anxiety Medications: General Information Critical View

nti-Mania Medications: General Information Critical View

ADHD Medications: General Information, Critique and the concern with Violence

Medication for Special Groups:

  • Chart of Children’s Medication
  • Elderly
  • Women During the Childbearing Years

Critical Look at Psychotropic Medications

  • Common Side Effect of Psychotropic Medications
  • Are Mental Disorders Diseases to be Treated with Drugs?
  • Expose: Premenstrual Mental Illness: The Truth about Sarafem

The Debate about Prescription Privileges by Psychologists and Other Currently, Non-Prescribing Therapists

Resources for Free and Low Fee Medications/p>


Is Bad Credit Stopping You from Getting Business Loans? #veterans #small #business #loans #bad #credit


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Is Bad Credit Stopping You from Getting Business Loans?

Published: March 11, 2014 Updated: March 8, 2016

In a recent report, over 63% of business owners attempting to find funding say they most often targeted banks. Unfortunately, the success among these respondents of actually getting a business loan was a low 27%.

However, recent news suggest small business owners considered creditworthy are discovering it to be easier to get business loans from traditional banks. This is good news for the economy since access to funding for small businesses is a part of job and economic growth.

Unfortunately, bad credit plagues a large percentage of small business owners as a result of the financial crisis several years back. The fact remains that it’s harder for smaller businesses ­– even with stellar credit ratings ­– to get traditional bank loans than it is for larger businesses.

Access to capital is the single largest roadblock most business owners face when growing their business. With a business loan . these businesses can hire new employees, purchase additional inventory, buy or upgrade equipment and increase their marketing efforts.

So what can a business owner do if bad credit is preventing them from getting a business loan?

The good news is there are alternative funding programs and solutions providing business owners the opportunity to obtain a business loan or line of credit regardless of having bad personal credit. Instead, other factors are taken into consideration such as bank deposit history, credit card sales, credit partners and other data sources.

Here are several factors that can get you a business loan regardless of having bad credit:

Bank deposits – A business with regular bank deposits can put its cash flow to work with revenue-based loans . This program is based on the deposits going into the business bank account on a monthly basis. Typically, a business can obtain a business loan equal to 10% of its annual gross deposits regardless of having bad credit. Another benefit of this program is the time it takes to get funded, which is approximately 7 business days.

Keep in mind the loan term can be as long as 18 months with this program, with rates slightly higher than a traditional bank rate. It requires no collateral, financials or tax returns. Repayments are made in small increments every day via ACH from the business bank account.

Credit card sales – This type of funding program, known as a merchant cash advance, provides businesses with upfront cash in exchange for a portion of future credit card sales. For businesses that have regular monthly credit card sales but struggle with bad personal credit, a merchant cash advance may be a viable option.

However, be very selective on what merchant cash advance provider you select. Some providers can cost as high as 38% while others can be as low as 12%. In addition, when it comes to repayment, the majority of merchant cash providers take a fixed percentage of your daily credit card receipt volume until the advance you took is paid back. Other business cash advance providers may offer a fixed monthly installment payment for its repayment method.

Credit Partner – Using a business partner(s) as a credit partner for obtaining lines of credit in the form of business credit cards can be a viable solution to overcome a personal credit challenge. A business partner who has strong credit scores is the best place to look. You may also want to consider someone who may be interested in participating in your business as a potential credit partner.

This method does bring risk to the credit partner because they are cosigning with the business to obtain funding. However, it’s important to note the type of unsecured business credit cards I am referring to will not appear on the personal credit reports of the cosigner unless they go into default.

There are many other types of funding programs that offer small business owners the opportunity to get business loans or access to cash without having perfect credit or subjecting themselves to all the rigorous analysis, cumbersome paperwork, lengthy process and aggravating timelines that comes with a traditional business loan.

About the Author:

Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp, the SBA.gov Community, About.com and All Business.com. His articles and blog; Business Credit Blogger.com, have been featured in ‘Fox Small Business’,’American Express Small Business’, ‘Business Week’, ‘The Washington Post’, ‘The New York Times’, ‘The San Francisco Tribune’,‘Alltop’, and ‘Entrepreneur Connect’.


100% Guaranteed Approval On Cheap Loans For People With No Credit At All #poor #credit


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Bad Credit Loans are designed to meet the needs of those who have a poor credit score due to a bad credit history. There are different types of bad credit loans, each with its particularities but all tailored for bad credit.

Bad Credit loans don t have such advantageous terms as loans for people with perfect credit. Yet, our lenders, as opposed to other lenders, offer very competitive terms on bad credit loans too! Apply for your Bad Credit Loan Now!

Those who have missed payments or paid late, defaulted on a loan or credit card, filed for bankruptcy in the past, etc. usually present a stained credit report that scares lenders away. Our bad credit lenders however, are specialized on dealing with these applicants and can cope with the higher risk involved in bad credit lending transactions. Bad credit loans provide funding but they also provide a way to recover the borrower s credit.

Our bad credit financial products are exactly what you need. Within our site you will find that our recommended lenders are offering the most inexpensive bad credit loans of the market featuring all kind of loan types with longer repayment programs, lower interest rates and thus lower monthly payments than anywhere else!

It doesn t matter why you have bad credit, our lenders will be able to tailor a loan especially for your financial needs. There are no long credit verification procedures and qualification is a really speedy process. Though you may want to offer collateral or a co-signer, they are not required for approval! Bad Credit, No Credit and even past bankruptcies won t stand in your way any longer!

Moreover, you will find within our site that there are many different loan types and that bad credit loans are not restricted to personal loan financing. There are bad credit car loans, bad credit student loans, bad credit home loans, bad credit refinance loans, bad credit cash advance loans, bad credit consolidation loans and many more!


Accept Credit Cards – Card Systems Inc #business #accept #credit #card


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Accept Credit Cards

Solutions for every budget

We offer solutions for all sizes of businesses retail or online, with reporting, integration and compliance options to meet your specific needs.

Partnering with the right merchant payment processor, as well as choosing the best processing system or terminal is critical to the success and growth of your business. These systems now are more than just dumb terminals. They optimize your interchange expense, capture vital information, give you statistics on where your clients are and give you the tools to help market to those clients and create repeat sales. With technology ever-changing, you need to be able to find that ideal solution.

Do you know how to navigate through the maze of processing options? EMV, NFC, ACH, just to name a few? We can help!

Restaurant, Retail, Service or B2B

Sales increase dramatically when you accept credit cards and more importantly, the method you use to take these credit cards helps simplify your business. Card Systems can help you setup an account today, or, modify and enhance the way you are accepting payments. The entire process takes just minutes of your time. Don’t lose customers to your competition because you don’t accept credit cards or you are not making it easy for your clients to pay.

The growth of the card-not-present industry is and will continue, to skyrocket and evolve. Are you prepared? It is essential that you process sales in a variety of ways and still minimize your fraud exposure. Our systems integrate to make it easy for you to accept payments anytime, anywhere to help take your business to the next level. Customers want secure methods of making payments. How are you protecting their valuable data? We can help you choose secure, innovative solutions that make it easier for you to run your operation. So you can do what you do best, sell your products and services!

Internet Processing
Authorize, process, and manage credit card transactions manually or automatically from any computer anywhere in the world that has an Internet connection. You can tokenize these transactions to protect your cardholder’s data and your company’s brand name through using one of our many gateways. For businesses that cater to these “card not present” transactions, a whole new venue of options to mitigate fraud has become available.

Wireless Processing Solutions

Enjoy the flexibility of accepting payments anywhere, anytime with a wireless merchant account. Whether you have a service business that works at your customer’s location, or you decide to take your retail business on the road, wireless processing is an easy, cost-effective way to accept credit cards wherever your customers happen to be.

We can work with virtually any software product or Point-of-Sale system today, and enhance the way you take payments. Contact us today to show you how!

Are You Ready for Apple Pay NFC?

The iPhone 6 smartphones are hitting the streets and major retailers are already accepting Apple Pay. How will this new technology impact the way you do business? Do you know what to do ?

We are here to help! We realize you not only have to think about updating your equipment to be EMV compliant, you also need to consider Near Field Communication (NFC) in your business. With Apple Pay, it is clear that NFC will be moving front and center for both consumers and business owners.

The opportunities are endless. With the emergence of Google Wallet and Apple Pay, now is the time to take your business to the next level. Update your technology today. This may be as simple as a new pin pad, peripheral, or maybe even looking at the Clover™ Station to grow your business.

Need to work with QuickBooks?

How can receiving mobile payments get even easier? Our Mobile Retail Payment Solutions can integrate to QuickBooks, which means you don’t need to add to or change your current processing workflow! Call us today.


Navy Training Reviewed for College Credit #credit #for #military #training


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Navy Training Reviewed for College Credit

Story Number: NNS130620-09 Release Date: 6/20/2013 1:03:00 PM

A A A

By Ensign Jacqui Wengler, NETC Public Affairs Office

PENSACOLA, Fla. (NNS) — The Center for Naval Aviation Technical Training (CNATT) and Center for Information Dominance (CID) are the latest commands to continue receiving recommended college credits for their training.

The American Council on Education (ACE) completed its review June 20.

The courses reviewed were either new or had undergone revisions since the last ACE review.

“We promise our Sailors a lifetime of career opportunities,” said Roland Perez, Naval Education and Training Command’s (NETC) educational program and management analyst. “Sailors have the chance to submit credits they receive from their training towards most colleges and universities.”

Capt. Katherine Erb, CNATT commanding officer, spoke to civilian academic professionals from ACE before their review.

“I think the ACE training evaluations are a fabulous idea. The courses we instruct provide our Sailors and Marines with skills for their military careers; the fact that this training also provides an opportunity to gain civilian college credit is of even more benefit to our personnel,” said Erb. “This is a great experience for the instructors, as well. It is motivational to teach a military course that you know is equivalent to a college course. We are very appreciative for what ACE continues to do for our military.”

ACE supports the educational goals of the Navy’s Sailors throughout all learning centers within NETC. By recommending academic credits for training course work and/or occupational experience, ACE provides an additional benefit to military.

“We have a great working relationship with ACE. The Navy is leading the way for other military branches in regard to instruction, training courses and number of academic credits recommended by ACE,” says Perez.

The life span of credit recommendation is 10 years, after which the particular training course or occupation (if still active) must be re-evaluated. Training courses may be recommended for academic credits on four levels (vocational-certificate, associate/lower division baccalaureate degree, upper division baccalaureate and graduate degree). The content of the training courses or service occupation’s value affects the number of academic credits that may be recommended by ACE.

“Sailors should refer to their Sailor/Marine ACE Registry Transcript (SMART), a complete educational and training history of a member while serving in the Navy, when planning for their education or career,” said Perez. “ACE credit recommendations are published online in the ACE Guide. The Navy College Office (NCO) counselors use this guide as a standard reference for both active duty personnel and veterans.”

The results of the ACE review will be announced in the next few months.

To learn more about the ACE Military Guide, visit www.acenet.edu/news-room/Pages/Military-Guide-Online.aspx/.

For more news from Naval Education and Training Command, visit www.navy.mil/local/cnet/.


Commercial Bad Credit Loan #commercial #loans #with #bad #credit


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Commercial Bad Credit Loan

Commercial bad credit loans exist within a number of financial institutions in Australia. Therefore if you have bad credit and want to buy or refinance your commercial or industrialproperty. it is still possible to get your loan approved.

How many lenders offer bad credit commercial loans?

There are only a handful of commercial bad credit lenders or financial institutions. There are also quite a few private money lenders who lend on commercial property if someone has bad credit. The lenders who lend using commercial, industrial or retail property as security with bad credit are usually specialist mortgage lenders and not banks. These lenders in many respects are also non conforming lenders .

What is required to get a commercial bad credit loan approved?

The primary requirement for receiving a commercial bad credit loan is adequate security. Further a lender will be looking for adequate affordability or serviceability for the loan. Depending on the lender, they could also ask for an explanation of the bad credit history. An example of bad credit can also be defined as having any of the following:

Can I get a commercial bad credit loan using Low Doc policy?

It is possible to get a commercial bad credit loan using low doc loan policy approved. This can be found with a handful of lenders. The lenders that offercommercial bad credit low doc loans generally ask for a declaration of affordability statement to be signed by the borrower. This will come in the form of a template that the lender will provide at the time of application. In some instances, the declaration of affordability letter may need to be co-signed by the applicant’s accountant.

Other lenders could request to see 6 months business trading statements to verify the applicant is at least doing some type of turnover to justify him making an income declaration. Some lenders could request business activity statements or BAS. Nonetheless, there are a few different low doc loan options in this instance, hence there are different lenders to choose from.

Can I get a bad credit commercial loan using No Doc policy?

A commercial bad credit loan is possible using No Doc policy. Commercial No Doc Loan policy can only be found with a very small number of lenders. Using this option, you do NOT need to make an income declaration or supply any type of business trading or activity statements. Hence a commercial bad credit loan under No Doc policy is also considered an asset lend. This type of loan is slightly more expensive than a low doc loan, but it is more flexible.

Is a commercial bad credit loan more expensive?

As a general rule, commercial bad credit mortgages are more expensive. However, these types of loans are only more expensive depending on the level of bad credit and the LVR. Further, if the loan was to come under a Commercial low doc loan or Commercial No doc loan policy, this could also make the loan slightly more expensive than usual. The higher the risk rating of the borrower, the more expensive the interest rate that would apply.

What would be the maximum LVR I could borrow using a commercial security with Bad Credit?

The maximum LVR for a commercial bad credit loan is dependent on the lender. Generally, you could borrow to a maximum of 75%LVR using commercial. industrial or retail property as security with bad credit.

What is the maximum loan term I could borrow up to with a commercial bad credit mortgage?

Some lenders who lend on commercial property with bad credit will lend giving up to 30 year loan terms. This comes as a surprise to some borrowers especially when the borrower is not subject to any ongoing review like mainstream commercial mortgages as can be found within some major banks. There are some other lenders who will lend on 1-3 year loan terms only. Depending on what lenders take up the transaction or the borrower likes or fits into, will predicate the loan term.

What types of borrowing entities can I use to borrow for a commercial bad credit loan?

The lenders who lend for commercial bad credit loans allow various name types to borrow. These can differ from lender to lender as some are accepted by one and not accepted by another. These include

  1. Personal name
  2. Company name
  3. Trust
  4. Partnership name
  5. Business name
  6. Super fund name

What types of properties can i use to obtain a commercial bad credit loan?

There are a few different types of properties that can be used for a commercial bad credit loan or mortgage. these include the following;

  1. Commercial property
  2. Industrial property
  3. Retail property
  4. Residential property
  5. Rural property
  6. Special Zoning property
  7. Special use property

At Mortgage Providers we have access to all the lenders who offer bad credit commercial loans. Further, we know which lenders offer the most flexible product and terms coupled with the cheapest interest rates and fees.

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Credit Card Processing Online for Small Business #credit #card #online #merchant


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Now offered through United Merchant Solutions, Streamline your merchant s credit card services today with our integrated servicing program.

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    About Us

    Thank you for your interest in United Merchant Solutions. At United Merchant Solutions we have consulted with thousands of businesses, and have assisted them in making the right decision on the following:

    • Credit Card Processing, Debit Card Processing, and Gift Card Processing
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    • Wireless Processing (Machines and Dial Pay)
    • Payroll Solutions
    • Loan Advance Services Our status within the electronic processing industry allows us to offer a competitive pricing structure that will result in savings for you. This will allow you to pass on these savings to your customers, resulting in your improved image in the community and an increase in business. Our processors make accessing the reports you need simple and fast. All of your business transactions are available online 24 hours a day. We will issue you a user name and password that will enable you to view your transaction details any time, anywhere. You can even view prior day business transactions as soon as the next morning. With a complete range of transaction processing products, UMS associates gives you what other processors promise, but cannot deliver. One Great aspect of United Merchant Solutions is that there are no hidden fees at all. It pays to partner with us. We Guarantee:
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  • How To Lower Your Credit Card Interest Rate #credit #card #leasing #companies


    #

    Want a lower credit card interest rate? Just ask

    Tom Merton/Caiaimage/Getty Images

    A 5-minute phone call to your credit card issuer could save you hundreds of dollars — or more — in interest charges.

    If you’ve been a good customer, your credit card company will probably reduce your interest rate. But you have to ask.

    How to lower your credit card interest rate

    1. Decide what rate you would like on your card. Be reasonable. You can figure out an appropriate rate by looking at credit card offers you get in the mail.
    2. Check your credit reports. If you have a healthy credit history, proceed to Step. 3.
    3. Call the credit card company and follow a script similar to the one below on how to ask for a rate cut.
    4. If you don’t get the answer you want, ask to talk to a supervisor or call again later.

    A March 2016 survey from CreditCards.com found that 78% of cardholders who asked for a rate cut received one. Just 1 in 5 customers has ever asked the question, though.

    “It’s kind of like asking the best-looking girl in school out on a date. The worst she can say is ‘no,'” says Mike Sullivan, spokesman for the Phoenix-based nonprofit credit and debt counseling agency Take Charge America.

    Sullivan recommends calling your card issuer at least every 2 years to ask for a rate reduction. “Ask for something sizable,” he says.

    What makes this so easy?

    It costs card companies significant money to acquire new customers, so they’re going to do everything within reason to keep their good customers happy and keep them from taking their business elsewhere. That includes providing rate reductions.

    “From what we’re seeing in the market, there’s just a tremendous amount of competition right now over credit card customers,” says Alex Johnson, director of the credit advisory service at Mercator Advisory Group, a payments industry consulting firm near Boston.

    RATE SEARCH: Let Bankrate.com help you find the best low-interest credit card today.

    Banks have relaxed credit standards in recent years, Sullivan says, which means more people are probably eligible for a rate cut than in the past.

    But getting the card companies to say “yes” isn’t easy for everyone. Just 36% of customers under age 30 received a rate cut after asking, and one-third of African-American cardholders were successful, the CreditCards.com survey found. Household income and education level did not affect whether a cardholder’s request was approved.

    What card companies look for

    Here are some of the factors that go into a card issuer’s decision on whether to approve a rate decrease, according to the U.S. Public Interest Research Group:

    • How long you’ve owned the card.
    • The card’s credit limit.
    • How much you owe on the card relative to the credit limit.
    • How much you owe on all cards relative to their credit limits.
    • How many times you’ve made a late payment.

    Before you call, check your credit reports, Sullivan says. If all of your credit lines say “pays as agreed,” you should have a healthy credit history and are more likely to win approval.

    How to ask for a rate cut

    When you call the company, you may want to follow a script similar to this:

    Hi, my name is _______. I am a good customer, but I have received several offers in the mail from other credit card companies with lower APRs. I want a lower rate on my card, or I will cancel my card and switch companies.

    Of course, how you ask the question doesn’t really matter. The decision won’t be made based on the customer service representative’s opinion of you.

    “This is pure business,” Sullivan says. “No major credit card company is going to let a customer service rep decide based on whether they think you’re a nice person.”

    Subtle or not-so-subtle threats to open a credit card with another company can pay off, as well.

    “I think that many customers don’t realize how much power they have,” says Beverly Harzog, a credit card expert and author of “The Debt Escape Plan.”

    But persistence is key, she says. You may not get a “yes” from the first person you speak with – or you may not get the rate cut you’re looking for. In that case, ask for a supervisor. You may even want to hang up and call back later.

    “Have a rate in mind” when you call, Harzog says. Do your research and learn what kind of interest rates a person with your credit score can qualify for.

    Tell the issuer what you want and what you can get from other issuers.

    “I think it’s a good idea for you to let them compete for your business,” Sullivan says. “That’s the American way.”

    RATE SEARCH: Need to transfer a balance? Bankrate.com can match you with the best card for your needs .

    Interest rate cut vs. balance transfer

    If you want the rate cut because you have a large balance to pay off, you may be better off opening a new card with a 0% introductory interest rate on balance transfers, Sullivan says.

    Opening a new card can have an added positive impact. Having more available unused credit could improve your credit score. Plus, you may then receive an offer from your old company wanting to earn back your business.

    “They know where you paid it off from,” Sullivan says.

    How we make money

    Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products.

    2017 Bankrate, LLC All Rights Reserved.

    Maximize Your Money. Get Expert Advice Tools. Master Life’s Financial Journey.

    You have money questions. Bankrate has answers. Our experts have been helping you master your money for four decades.

    Our tools, rates and advice help no matter where you are on life’s financial journey.


    Halifax UK #balance #tranfer #credit #card


    #

    No Fee 0% Balance Transfer.

    Important information about our credit cards:

    • If your application is successful you ll get a credit limit and any applicable promotional rates based on your current status
    • You can transfer balances to us (minimum 100) from most credit cards and some store cards, excluding Halifax products
    • To keep any promotional rates you must pay at least the minimum payment on time and stay within your credit limit
    • 0% for up to 29 months from account opening on balance transfers made in the first 90 days.
      Minimum 100 balance transfer. At least 51% of customers will get 0% on balance transfers for the first 29 months and a representative rate of 18.9% APR (variable). Others will get 0% interest on balance transfers for the first 14 months and a rate of 21.9% APR (variable) or 25.9% APR (variable).
    • 0% fee applies on each balance transfer made in the first 90 days.
      3% fee applies on each balance transfer made after the first 90 days.
    • 0% for 6 months from account opening on purchases.

    Representative example

    A variable representative of
    18.9% APR

    A variable annual purchase rate of
    18.95% p.a

    Based on borrowing
    1,200 over 12 months.

    This example is for illustrative purposes and serves as a guide only. Your actual credit limit and rate will vary based on your individual circumstances and may differ from the example shown.

    About your card

    Here are some of the key features you get with your Halifax Credit Card

    • Cover against online fraud and your transactions are protected by Halifax Secure when you shop online with participating retailers.
    • Manage your card online using Online Banking and Mobile Banking app .
    • Make Faster Payments to your card within a matter of hours, giving you more flexibility and control over your finances.
    • Accepted wherever you see the MasterCard sign at over 33 million locations worldwide.

    What is a representative example?

    The representative example is an illustration of the rate that the majority of customers will get. If a credit card is described as having a particular representative APR, then at least 51% of the applicants accepted will get that rate. Other customers may get a different rate based on their individual circumstances.

    We use an example borrowing amount of 1,200 to calculate our representative example but in reality this figure could be different. This figure is not the credit limit you will be receiving and is for illustrative purposes only.

    The purchase rate is the rate of interest you’ll be charged on purchases made with your credit card after any introductory offer has ended. A variable rate means that your interest rate may change over time.

    Annual Percentage Rate (APR) tells you how much your borrowing will cost over an average year. It takes into account interest charged as well as any additional fees you’ll have to pay (such as any annual fees). This figure is given to allow you to make an easy and fair comparison between different credit cards.

    How do we decide the APR you get?

    We treat all applications on an individual basis. So the APR you get is determined by the details supplied on your application, along with an independent verification of your credit and repayment history.

    At least 51% of customers will get a representative rate of 18.9% APR (variable). Others will get a rate of either 21.9% APR (variable) or 25.9% APR (variable).

    This offer is exclusively available online only and it takes just minutes to apply.

    Cost of Borrowing

    Credit cards are designed to be a flexible form of borrowing. Paying the minimum amount every so often can help you manage your money more effectively, although we would not recommend that you make minimum payments for a long period of time once your promotional offers have ended. Once your account is open, you can set up a Direct Debit for any fixed amount over the minimum payment by calling 03457 28 38 48 . Lines are open 24 hours a day, 7 days a week.

    For longer term borrowing it may be more appropriate to choose a loan from us. If you would like to find out more about this you can call Halifax Personal Loans on 03 45 600 4611 . (Lines are open 8am to 10pm, Monday to Friday, 9am to 6pm on Saturdays and 9:30am to 5:30pm on Sundays) or visit halifax.co.uk/loans or call into a Halifax branch. where our staff will be happy to help.

    The following example highlights the difference between only paying the minimum and paying a fixed amount:
    For a purchase of 1,000 on your Halifax Balance Transfer CREDIT CARD.

    If you pay the minimum payment each month

    If you pay 50 each month

    How much interest will you be charged in the first year?

    How much interest will you be charged in the second year?

    How long would it take to clear the balance?

    18 years 4 months

    2 years 2 months

    The above example assumes the following:

    • Any promotional offers are excluded.
    • The transaction takes place on 1st January and you make no further transactions.
    • You always make the payment each month on the 15th.
    • Your statement is produced on the 1st of each month.
    • You are on the best rate available for this card.

    Halifax is a responsible lender and we only want you to borrow what you can afford and in a way that is best for you. If you d like to talk to us about the choices you ve made or you would like further information, please contact us. We will also be able to help you if you re experiencing financial difficulties.


    SBI Card – Apply for SBI Credit Cards Online in 2 Minutes – Deal4loans #process


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    SBI Card Apply for SBI Credit Cards Online in 2 Minutes

    Apply online for SBI Credit Card. Check Eligibility ✓ Offers ✓ Status ✓ Fee charges ✓ Customer care ✓ Reward Points ✓ Apply Online within minutes at deal4loans.

    SBI Credit Card Eligibility

    1. Minimum per month Income of Rs.18500 required in Metro cities
    2. Have a Bank Account in SBI, If looking for credit card on the basis of account.
    3. Photo copies of ID card, income proofs and address proof should be submitted.
    4. You should be an earning individual and should be above 21 year and less than 60 at the time of apply.

    New Updates 27 April 2017 SBI Card slashes fuel surcharge to 1% from 2.5% earlier. SBI Card starts charging Rs 100 on small payments up to Rs 2000 via cheque. SBI Offers free Unnati credit card at Zero Annual Fee for customers with minimum Rs.20000 balance in accounts. The bank will not go into customer s credit history and the card, which will be issued in the name of Unnati , will remain free for 4 years.

    Instant Apply for SBI Credit Cards

    New Credit Cards Launched By SBI in recent time period
    SBI Card Launches SimplyCLICK . A credit card for the generation that is always online

    SBI credit card customer care

    You can contact SBI Card tollfree in case of any query or feedback, card lost or stolen cases at below provided numbers of SBI Card.
    From BSNL/MTNL Lines 1860 180 1290/1800 180 1290
    From All Other Lines 39 02 02 02

    Available SBI Credit Cards through Deal4loans.com

    Check Eligibility for SBI Credit Cards Read More

    SBI credit card Offers of the Week

  • Enjoy low interest rates on Flexipay conversion. 100% Processing fee waiver on bookings >= INR 50,000,
    Offer validity. 01st Apr – 30th Jun 2017
  • SBI Card Cashback Offer On Samsung Pay. Minimum Transaction Rs. 500 above, Maximum Cashback per transaction Rs.100/-
  • Lower rate of interest at 13% flat p.a + 100% Processing fee waiver (6, 9 12 month tenure) under Flexipay Schemes
  • 5% Cashback only on Vivo Mobile. Y53. Y55S, Y66, V5, V5 Plus only on 3,6,9 Month EMI transaction. Offer is only valid once per card.

    SBI credit card online payment

    You can pay for sbi credit cards bills by over 12 different ways / Options– Utility bill payments, Via Paynet, Visa credit card pay, Electronic Clearing, Paycash, ATM, Locate Pay, Auto Debit, Online through SBI, Mobile Banking, NEFT etc.

    SBI Credit Card Status / Application Status Online

    Have you already applied for sbi card? Looking for application status? You can track your application in two ways: i) Check the status of your application via application number. ii) Retrieve application via Date of birth PAN Card number.

    Note*:
    Application number is 10 Digits long and started from R0000******

    SBI credit card statement

    SBI credit card reward points

    Redeem your earned reward points via visit (https://www.sbicard.com/en/personal/rewards.page), you can choose above 174+ products from the sbicard website or Category wise like Accessories, Apparel, Electronics, entertainment, E-voucher, health fitness, Homeware, Kids Zone,Luxury and Travel holiday.

    Redeeming Reward Points
    Log in to sbicard.com to redeem your reward points for selected items from Shop-and-Smile Rewards catalogue Call the SBI Card helpline at
    39 02 02 02 (prefix local STD code) or 1860 180 1290/1800 180 1290 from BSNL/MTNL
    About SBI Card

    SBI Cards is a joint venture between State Bank of India, country’s oldest and largest bank and GE Capital. The partnership is operated through 2 joint-venture companies – SBI Cards Payment Services Pvt. Ltd. focusing on the marketing and distribution of SBI Cards and GE Capital Business Processes Management Services Pvt. Ltd. which handles the technology and processing needs of SBI Cards. State Bank of India is currently one of the best card issuers in India with a base of over 2.7 million customers and offices in 63 cities.

    SBI Card offers you a card for every need Premium Cards, Travel Shopping Cards, Classic Cards and Exclusive Cards Corporate Cards along with Value added Services, Utility Bill Payment, Card Payment Options, and Offers Rewards thereby, offering Indian consumers an extensive access to a wide range of world-class credit cards. Apply for a new SBI Credit Card now and Make Life Simple.

    Latest Offers on SBI Credit Cards for Festive Season 2017

    # Gift your wife a jewellery from Joyalukkas and get 25% on gold jewellery with #SBICard
    # Surprise her with a diamond ring on this festive season! Buy a diamond jewellery from Joyalukkas worth Rs 50,000/- and get 1 gram gold coin absolutely free with your #SBICard
    # Get additional 5% on shopping from Reliance trends with #SBICard
    # Its time to get fit! Be a member of VLCC and pay back in EMIs with #SBICard
    # Travel via spicejet.com flights and pay back in EMIs with #SBICard
    # Celebrate this festive season with Central and get additional 5% discount with your #SBICard
    # Shop at Great Eastern Electronics stores (home appliances, gadgets and more) and get 5% cashback on your #SBICard
    # SHOP at Big Bazaar to get 5% discount on your #SBICard
    # On this Durga puja, buy gifts from MAX and enjoy 5% cashback with #SBICard
    # Want to buy the latest iPhone? Visit your nearest Apple store and take advantage of EMI deals with #SBICard #Convert2EMI
    # Buy a refrigerator from your nearest LG store and pay back in EMIs with #SBICard
    # Plan a trip with Traveltriangle and get discounts on your #SBICard

    Disclaimer: The information displayed on this website is taken from sbicard.com. The information doesnt imply that we are associated with sbicard. Deal4loans.com makes no warranty, and expressly disclaims any obligation, that: (a) the content will be up-to-date, complete, comprehensive, accurate or applicable to your circumstances; (b) The Website will meet your requirements or will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Website or any services offered through the site will be accurate or reliable; or (d) the quality of any products, services, information, or other material obtained by you through the site will meet your expectations.

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    March 11, 2014 bhavana Comments Off on Saraswat Bank Home Loans | Interest Rates | Documents | Information

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  • Credit Card Rewards – Compare the best rewards credit card offers online, best small business


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    Credit Card Rewards

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    U.S. Bank Cash 365™ American Express® Card

    Earn a new cardmember bonus of $100 after you spend $500 in net purchases on your card within the first 90 days of account opening.

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    Lifelock60.com LifeLock 60-day guarantee

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    Credit Reports South Africa, free company credit checks.#Free #company #credit #checks


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    Importance of viewing your credit report

    Credit checks are usually conducted on a client, future client or employee in order for the company or lender to see what the credit history of the client looks like. Credit checks play an integral part in the decisions that are made whether to loan monies or give credit to individuals.

    With Kudough you will now be able to check your personal credit history from at least three different credit bureaus in South Africa. All three bureaus are reputable and have been conducting business in South Africa for a long period of time.

    With the National Credit Act in place to protect the interests and rights of consumers, you are now in a position to personally check credit yourself whenever you need to, especially before you apply for credit.

    Should an employer require a credit check on future employees, consent from you is required prior to this information being divulged by the credit bureaus. This is to protect the privacy and the rights of individuals. You are now in a position to see exactly what the lender sees on a credit report.

    Have your finger on the pulse at all times and ensure that there is no fraudulent activity carried out in your good name; the only way to keep an eye on this kind of activity is by carrying out regular credit checks with Kudough to ensure that you are not being taken advantage of in any way.

    Start now by obtaining your Credit Report instantly and on line from Credit Reports South Africa. Save by getting access monthly with a host of tools and tips to help you manage and improve your credit status. Remember, credit reports are just the first step in changing your financial lifestyle. Let Credit Reports South Africa be your guide on the journey to powerful credit.

    Get your 3 in 1 Credit Report NOW!

    About Kudough and our Credit Report

    Kudough is about helping you build your credit status so that you can use it to your advantage. We call it Credit Power. It’s essentially credit that saves you money today and into the future through savings on loan repayments, insurance premiums and a whole lot more. Kudough is today’s solution to protecting your financial health, while building your financial strength. Kudough makes use of sophisticated technology that uses the information that credit bureaus and credit providers have and turn this into, well, gold if you look at it smartly. We put the power back into your hands giving you all the insight about your best financial opportunity – yourself.Improving your Credit Status or maintaining a good status is as important as earning your salary in the first place – its about protecting the value of your money and saving money in the future. Your Kudough Journey is a virtual representation of your monthly credit progress (Kudough Status). Your credit worthiness may improve, or get worse over time depending on your credit activities and if you have kept up to date with your account payments. We track your path by visualizing your Status across many amazing calculations over your membership period. So things in life are priceless, and one of those being insight into yourself.

    Benefits and tools available when accessing your credit report from Kudough

    Credit Score

    A credit score is a number generated by a mathematical algorithm, based on the statistical analysis of information in your credit report, compared to information on millions of other people. The number is a highly accurate prediction of how likely you are to pay your acounts. A number, roughly between 300 and 999, which measures an individual’s credit worthiness.

    • Payment History
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    Benefits and tools available when accessing your credit report from Kudough

    To help you know all that there is about your credit status we created the Kudough Credit Power Status.

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    Will Chase Refund Fraud Charges to My Credit Card? #fraud #charges #on #credit #card


    #

    Will Chase Refund Fraud Charges to My Credit Card?

    Credit and debit cards, mobile banking and ATM machines make banking easier but also more vulnerable to dishonest and fraudulent acts. Although Chase must by law comply with federal consumer protection laws and follow Federal Trade Commission guidelines, this doesn t always mean the company will refund fraud charges if or when they occur. Timing and making sure to file a police report once you realize your account includes fraudulent transactions increase the chance you ll receive a refund.

    Liability Considerations

    Credit Card Fraud

    If your credit card is lost or stolen, the Fair Credit Billing Act says that Chase bank must refund all but $50 of any charges you didn t authorize. If someone steals your credit card number but you still have the card, Chase must refund all fraudulent charges. Neither scenario has a time frame in which you must report or lose your chance for a refund.

    ATM and Debit Card Fraud

    The Electronic Fund Transfer Act covers ATM cards and debit cards. With these cards, the amount Chase must refund depends on how soon you file a fraud report. If you file a report within two business days, Chase must refund all but $50. However, your liability increases to $500 if you file a report two to 60 days after the theft or loss occurs. After 60 days, Chase has no legal obligation to refund any fraudulent charges.

    Just as with a credit card, if someone steals your ATM or debit card number but you still have the card, Chase must refund all fraudulent charges, but only if you file a report within 60 days .

    Reporting Procedures

    Although Chase does provide an e-mail address to report fraud, the company recommends that you report fraudulent transactions by telephone. The e-mail address and telephone numbers are:

    When filing a report, you ll need to provide the date, the payer and the amount of each fraudulent transaction as well your name, zip code and telephone number. After filing, you ll receive a fraud affidavit by postal mail or by e-mail on which you swear that the report is true to the best of your knowledge. Once Chase receives the document, a fraud investigation will begin.

    The FTC recommends that you always follow up a telephone call with a letter sent via certified mail with a return receipt request. The letter should specify the reporting date and restate the facts of the conversation.

    The Investigation Phase

    A fraud investigation consists of verifying the information you submitted. In addition to reviewing the charges, Chase may also compare signatures and track down the location of an IP address for an online transaction.

    According to Chase Bank, an ATM or debit card fraud investigation usually takes at least 10 business days to complete, and a credit card fraud investigation could take even longer. In the meantime, Chase will temporarily refund the amount in dispute. They ll also close the affected account, open a new account and issue you a new card.

    Denial Considerations

    Although it s always important to file a police report, it s even more important for a fraud situation in which you suspect a family member. According to Chase, most denials result from fraud committed by a family member but not substantiated by a police report. For example, an investigation that traces a reported fraudulent transaction to an IP address within your home will likely be denied unless you ve filed a police report.

    Chase Bank has no formal appeal process if it denies your fraud claim. However, you can file a complaint with the federal Consumer Financial Protection Bureau if you re not satisfied.


    Valid Credit Card Numbers – Credit Card Processing Blog, credit card info stolen.#Credit #card #info


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    Credit Card Processing Blog

    Credit card info stolen

    Credit card info stolen

    Credit card info stolen

    Credit card info stolen

    Credit card info stolen

    Credit card info stolen

    Credit card info stolen

    Credit card info stolen

    Valid Credit Card Numbers

    14,800 valid card numbers, 9,900 valid credit card numbers, 8,100 hacked credit card numbers, 8,100 real credit card numbers, 6,600 stolen credit cards and 5,400 fake credit card numbers that work, are just a couple examples of the number of searches per month on Google alone for free, fake, hack, stolen, or other credit card numbers, that “work”…

    As a merchant accepting credit cards online, you must read the comments Claus got on his superb Credit Card Number Generator post. Ninety Nine percent of the comments were received from potential buyers or sellers of stolen credit card numbers.

    Buyers asked for HELP as they truly wanted to buy something on the internet and NEEDED a credit card number (that works…) and sellers were just trying to make a living… A potential buyer (playing it safe) wrote: “I need genuine credit cards with all the details. If you give valid credit cards, I will pay you once I try it and it worked”…

    Sellers, trying to make a living”, testified regarding the quality of data provided: “fresh”, “valid”, “today”, “that works”, etc., had Tariffs for different card brands, types and geographical issuing locations, and offered packages (prices for minimum of 5 cards…).

    I strongly recommend reading the comments Claus received. It’s a wakeup call! Once you do, you feel the danger and must ask yourself what are the measures you have taken to fight the fraud attempts coming your way…

    Gidi Argov, Founder and CEO


    Sheffield Wednesday 1 Huddersfield 1 (1-1 agg; Huddersfield win 4-3 on pens): Danny Ward –


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    Sheffield Wednesday 1 Huddersfield 1 (1-1 agg; Huddersfield win 4-3 on pens): Danny Ward’s heroics put Terriers in play-off final

    H uddersfield Town reached the Championship play-off final after a dramatic 4-3 penalty shoot-out victory over Sheffield Wednesday in an encounter that epitomised their season.

    It has been a campaign characterised by defiance. Defying the odds and flouting the normal conventions, with David Wagner’s revolution taking hold and carrying the Terriers within one game of top-flight football for the first time in 45 years.

    Here they broke Wednesday hearts and their Yorkshire rivals hold over them. The Owls had been unbeaten in eight matches against Huddersfield and appeared to hold sway again when Steven Fletcher scored in the 51st minute.

    A Tom Lees own-goal drew the visitors level though, leading the sides into extra-time and penalties, where Danny Ward excelled, repelling spot-kicks from Sam Hutchinson and Fernando Forestieri, to place his club on the verge of history.

    Huddersfield have underplayed expectations off the field while delivering colossal performances on it all season. At one stage they threatened to break the cartel of clubs with Premier League finances, by earning automatic promotion. Now they must summon one final effort, with a trip to Portugal scheduled in-between now and the final – against Reading on May 29 – designed to reinvigorate energy levels.

    “Both teams had opportunities and in the end we won the penalty shoot-out because of our goalkeeper Danny Ward,” Wagner said.

    “I’m very happy, absolutely proud of the players today and over the season. This was an example for this group of characters, one down at Hillsborough. They bounced back. You should never write this group off. This is what they’ve shown us over the season and again today.

    “I’m happy for every Huddersfield Town supporter, for the whole club, the chairman to achieve this final. Most pundits said we might get relegated. Now we are one step from the Premier League. Only this shows what an achievement it was for a low-budget club, the small dog, but they have trust and belief in what they are doing.

    “We really wanted to go to Wembley. The fairy-tale goes on and we want to write a successful final chapter. To reach the final is my biggest achievement so far as a manager. I joked about the Germans being able to take penalties. We showed it again but we had a Welsh goalkeeper who was very important.

    I nseparable during the regular Championship campaign, this resumption of hostilities was as keenly contested as their 0-0 draw in the first leg last Sunday, though thankfully more expansive.

    Barry Bannan was a ubiquitous presence for the hosts and laid on Fletcher’s goal. However, the Scotland forward’s withdrawal and the introduction of Colin Quaner altered the dynamics of the contest in Huddersfield’s favour.

    “We had more clear chances but the game went to the lottery of penalties and in penalties anything can happen,” said Wednesday manager Carlos Carvahal.

    “The game was completely under control. We made one mistake in the press and they came inside and scored a goal. At that moment the game is under control. We even had chances in extra time but didn’t score. It hurts a lot but tomorrow we’ll be back again to fight.”


    The Best 0% Balance Transfer Credit Cards, balance transfer credit card deals.#Balance #transfer #credit #card


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    The Best 0% Balance Transfer Credit Cards

    Balance transfer credit card deals

    Balance transfer credit card deals

    This post contains references to products from our advertisers. We may receive compensation when you click on links to those products. The content is not provided by the advertiser and any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any bank, card issuer, airline or hotel chain. Please visit our Advertiser Disclosure to view our partners, and for additional details.

    Those who live under a mountain of credit card debt quickly realize that their suffering has two components. First there is the principle, the actual amount of goods and services that was charged to their credit card. Secondly, there are the financing charges imposed each month on their balance. With each statement cycle, their average daily balance is multiplied by one twelfth of the card’s Annual Percentage Rate (APR). Therefore, if you owe $10,000 on a card with an APR of 12%, you are incurring $100 in interest each month. Due to the effect of compounding interest, the finance charges incurred each month add to your balance, resulting in more interest being accrued with each passing month. (See also: What You Must Know Before Transferring Credit Card Balances)

    How a Balance Transfer Works

    To help relieve the burden of debt and acquire new customers, banks have long offered credit cards with a 0% promotional APR, for a limited time, on balance transfers. Applicants who qualify for a new card with these promotional rates can have their existing balance paid off by their new card. During the time that the 0% promotional rate applies, interest is not being accrued on the balance transferred; however, the amount transferred is almost always subject to a one-time balance transfer fee. This fee, typically 3%-5%, is added to the new balance. Also, cardholders are still responsible for making minimum payments on their account. New transactions may incur interest at the standard rate, although in some instances, the 0% promotional rate also applies to new purchases as well. Finally, no matter how much you are struggling with your debt, it is critical that you continue to make all of your payments on time, as only applicants with the excellent credit will qualify for most of these promotional credit card offers.

    How to Save Money With a Balance Transfer

    First, it is crucial that those seeking a balance transfer do so as part of a comprehensive plan to eliminate their credit card debt. Such a plan should focus on maximizing their income, minimizing their expenses, and regularly paying down their entire credit card balance before the promotional rate expires.

    As part of an overall plan to eliminate debt, the benefits of a balance transfer are clear. For example, if a cardholder has an existing credit balance of $10,000 on a card with a 15% APR, that cardholder is currently accruing $125 in interest each month. If the cardholder continues to pay interest while reducing the balance by $500 each month, that person will still have accrued $1,250 of interest over the 20 months it took him to pay off the balance (15% interest applied to an average daily balance of $5,000 over 12 months). Alternatively, that person could accept a balance transfer offer of 21 months at 0% interest with a 3% balance transfer fee. In this case, that person’s old balance of $10,000 will be paid off, while they will incur a new balance of $10,000 plus $300 in balance transfer fees. If all goes according to plan, at the end of the 21 months, the new balance will be paid off and the cardholder will have saved nearly $1,000 in interest.

    A 0% balance transfer is not an instant solution to the problem of credit card debt. You should think of these offers as a significant push up a big mountain, but you will still have to do most of the work yourself.

    Top 0% Balance Transfer Cards on the Market

    Like every aspect of the credit card industry, we are fortunate to enjoy an extremely competitive market for 0% balance transfer credit cards. None of these cards have annual fees. Here are the top offers currently available.

    Citi Simplicity Card – No Late Fees Ever

    Balance transfer credit card dealsBalance transfer credit card dealsThe Citi Simplicity Card – No Late Fees Ever from our partner Citi offers an intro 0% APR for 21 months on both balance transfers and new purchases (that’s a long time). After that, the regular balance transfer APR will be 14.99%-24.99% (variable), depending on your credit. There is a $5 or 3% balance transfer fee (whichever is greater). Simplicity doesn’t have any cash back or points program, but it does offer no late fees or penalty interest rates, and include exclusive services like Citi Price Rewind. It also includes EMV Chip technology and is compatible with Apple Pay. There is no annual fee.

    Barclaycard Ring Mastercard

    Balance transfer credit card dealsBalance transfer credit card dealsThe Barclaycard Ring Mastercard offers 0% intro APR for 15 months on purchases and qualifying balance transfers for 15 months (after that, a variable 13.99% APR applies). Balance transfers must be made within 45 days of account opening to qualify. This card has no balance transfer fees, foreign transaction fees, and no annual fee.

    Bank of America Cash Rewards Credit Card

    Balance transfer credit card dealsThe Bank of America Cash Rewards Credit Card offers a 0% Introductory APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days, then, 13.99% – 23.99% Variable APR. There is a 3% fee (min $10) which applies to balance transfers. The 3% cash back for gas is among the highest available, and you earn 2% at grocery stores and wholesale clubs (for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter). There is no annual fee.

    Low Interest Credit Cards for Long Term Debt

    Another option to save money if you have a large credit card debt is to transfer the balance(s) to a low interest credit card. This option is especially attractive if you won’t be able to pay off the entire balance within the 0% intro APR period of the cards above. Click here for good low interest credit card choices.

    Like this article? Pin it!

    Balance transfer credit card deals

    Balance transfer credit card deals


    Long Island Banks – Financial Institutions – Bank Locations in Nassau – Suffolk #long #island


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    Long Island Banks

    Finding the right bank to suit your personal and business needs can seem like a hassle – there are many considerations when choosing a bank, and many different options. Whether you’re looking for high yielding savings accounts, a safety deposit box to store your valuables, multiple convenient ATM locations, or the best rate on a home or car loan, finding the right banking or financial institution to suit your needs can save you money and time. Whether you decide to go with a national bank that has branches all over the country or a local credit union that caters specifically. Read More Finding the right bank to suit your personal and business needs can seem like a hassle – there are many considerations when choosing a bank, and many different options. Whether you’re looking for high yielding savings accounts, a safety deposit box to store your valuables, multiple convenient ATM locations, or the best rate on a home or car loan, finding the right banking or financial institution to suit your needs can save you money and time. Whether you decide to go with a national bank that has branches all over the country or a local credit union that caters specifically to the banking needs of Long Islanders – there are plenty of different options available no matter where you live on Long Island. Show Less

    Finance Legal
    Related Categories

    33 Main Street in Kings Park
    631-269-1100

    899 South Oyster Bay Road in Bethpage
    516-349-6800

    50 Jericho Quadrangle in Jericho
    516-822-0214

    3 Huntington Quad in Melville
    631-752-4880

    5439 Sunrise Highway in Holbrook
    631-698-7000

    Want to be added to the Banks Page? Call 631-406-4410 or Email Us for details!

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    Amendments to the Suffolk County Charter will Ensure Financial Disclosure Statements be.

    County Officials Will Be Required to Prepare Plans for Shared, Coordinated and.

    Following An Uptick In Complaints Of Scams Targeting Senior Citizens That Utilize.

    In Letter To Congressional Leaders, 18 AGs Make Strong Case In Support.


    Get a Cash Back MasterCard Credit Card, TD Canada Trust, us trust credit card.#Us #trust


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    TD Cash Back MasterCard ® Card

    Us trust credit card

    • Annual Fee No
    • Interest: Purchases 19.99%
    • Interest: Cash Advances 22.99%
    • (up to 3) 1 Authorized Users No Annual Fee

    Important: We no longer issue the TD Cash Back MasterCard ® Card. The following information is solely for existing TD Cash Back MasterCard Cardholders.

    Note to Existing, Active TD Cash Back MasterCard Cardholders: We mailed you a letter on July 13, 2017 advising that your Card is being discontinued, effective November 6, 2017.

    If you have any questions regarding this letter, please visit www.cardsfaq.td.com or call us at 1-855-315-4415.

    More Card Benefits and Features

    Automotive Features

    Save with Avis Rent A Car and Budget Rent A Car.

    Use your TD Credit Card to save a minimum of 10% off the lowest available base rates 2 , 3 in Canada and the U.S., and a minimum of 5% off the lowest available base rates 2 , 3 internationally, on qualifying car rentals at participating Avis and Budget locations

    Security

    • Chip PIN technology:

    TD Credit Cards with Chip and PIN technology provide an added level of security through the use of a Personal Identification Number (PIN).

    A PIN makes it much more difficult for unauthorized users to copy or access the information on your TD Credit Card.

  • Emergency Cash Advance4 :

    You can ask for an emergency Cash Advance in an amount up to $500 for your TD Cash Back MasterCard (subject to your available credit limit).

    • MasterCard SecureCode ® Service:

    MasterCard SecureCode ® is a private code for your MasterCard Account that you can use when you’re shopping online. With this added protection, even if someone knows your TD Credit Card number, they will not be able to use it for online purchases.

    Optional Benefits

    • Access to optional Travel Medical Insurance5 Trip Cancellation and Trip Interruption Insurance 6
    • No-fee Travellers Cheques– Purchase any amount through participating TD branches without paying the standard commission fees
    • Optional TD Auto Club Membership7

    Find out more about our credit cards

    Get started with my credit card

    Everything you need to know to start using your credit card.

    Use my credit card features

    Get to know the features that come with your TD Credit Card.

    Get the most out of my credit card

    From paying bills to credit limit, take advantage of all your card’s benefits.

    Need to talk to us directly?Contact us

    Connect with TD

    Annual interest rates, fees and features are current as of November 16, 2015 unless otherwise indicated and subject to change.

    1 Primary Cardholder remains liable for all charges to the Account, including those made by any Authorized User.

    2 Provided by Avis Rent A Car System ULC. Minimum discount offer subject to discount code and to terms and conditions which may change without notice. Blackout dates may apply. Base rate refers to time and kilometer/mile charges only. Taxes, fees and surcharges are extra. The Toronto-Dominion Bank is not responsible for any vehicles, services, discounts or other offers made available by Avis Rent A Car System ULC.

    3 Provided by Budget Rent A Car System, Inc. Minimum discount offer subject to discount code and to terms and conditions which may change without notice. Blackout dates may apply. Base rate refers to time and kilometer/mile charges only.Taxes, fees and surcharges are extra. The Toronto-Dominion Bank is not responsible for any vehicles, services, discounts or other offers made available by Budget Rent A Car System, Inc.

    4 Cash Advance is subject to available credit. Fees apply to each Cash Advance and Cash Advances accrue interest at the Cash Advance rate that applies to your Account from the date the Cash Advance is made.

    5 All TD Canada Trust customers including TD Credit Cardholders are eligible to apply for optional Travel Medical Insurance underwritten by TD Life Insurance Company. Some applications are subject to underwriting. Medical and claims assistance, claims payment and administrative services are provided by our Administrator. Benefits, features and coverages are subject to conditions, limitations and exclusions, including a pre-existing condition exclusion, that are fully described in the Certificate of Insurance which is issued if accepted for enrollment. Travel Medical Insurance can be purchased at any branch or call 1-800-293-4941, or visit www.tdcanadatrust.com. Note that this optional insurance offers different benefits, on different terms and conditions, then the Travel Medical Insurance that is automatically included with other TD Credit Cards.

    6 All TD Canada Trust customers including TD Credit Cardholders are eligible to apply for optional Trip Cancellation and Trip Interruption Insurance, underwritten by TD Life Insurance Company (medical covered causes) and TD Home and Auto Insurance Company (non-medical covered causes). Claims assistance, claims payment and administrative services are provided by our Administrator. Benefits, features and coverages are subject to conditions, limitations and exclusions, including a pre-existing condition exclusion, that are fully described in the Certificate of Insurance. Trip Cancellation and Trip Interruption Insurance can be purchased by calling 1-800-293-4941 or by visiting www.tdcanadatrust.com. Note that this optional insurance offers different benefits, on different terms and conditions, then the Trip Cancellation/Trip Interruption Insurance that is automatically included with other TD Credit Cards.

    7 TD Auto Club provided by AXA Assistance Canada Inc. The Toronto-Dominion Bank and its affiliates accept no responsibility in respect of these services.


    Texas Credit Card Lawsuit Attorney, Texas Debt Lawsuit Defense Attorney, credit card investment.#Credit #card #investment


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    Credit Card Lawsuit Defense Attorney

    Have you been sued by a credit card attorney, credit card company or debt collector? Texas credit card lawsuits can be defended.

    As a credit card lawsuit and debt lawsuit defense law firm, our firm represents Texas consumers being sued by debt collectors. The civil court system has been flooded with two types of debt collection lawsuits:

    1. Lawsuits filed by original creditors; particularly credit card companies and other consumer lenders; and

    2. Lawsuits filed by debt buyers, who claim to have purchased a debt from the first category, the original creditors, or in some instances from other debt buyers.

    If you have been sued for a credit card debt you need to keep several things in mind. First, you are not alone. You are one of thousands upon thousands who have found themselves in this unfortunate position.

    Second, once the debt collector filed the lawsuit, the debt collector ceased being merely a debt collector and became a Plaintiff in a court proceeding. This means that the collector is no longer allowed the free reign that they so often enjoy. They are now required to prove their case by a preponderance of the credible evidence, and they must do so within the confines of the Texas Rules of Civil Procedure, the Texas Rules of Evidence, and whatever local rules may apply to the court presiding over your case.

    In other words, merely claiming that you owe the debt collector a debt is not good enough – now they have to prove it, and their proof must meet the standards imposed by the rules.

    What does this mean to you? It means that you should not think that just because somebody has sued you over an alleged credit card debt or other consumer debt that you will automatically lose or that you do not have a defense. Once the lawsuit is filed, it is not your burden to prove that you do not owe the money to the Plaintiff. The Plaintiff has the burden of proof in a lawsuit, and if a competent Texas debt defense lawyer handles your case, putting a Plaintiff to its burden can be as good a defense as any.

    Texas Credit Card Lawsuits

    Our firm defends both original creditor and debt buyer lawsuits. Most of the Texas collection lawsuits that we see are credit card lawsuits, meaning what started off as a convenient and seemingly harmless credit card account wound up turning into a credit card lawsuit. These days, it seems like just about everybody has credit card debt. Many consumers have unexpectedly accumulated more debt than they can handle. Credit card companies like to rely on the fine print to unfairly maximize their financial receivables and increase revenue. They may unexpectedly and without explanation lower the credit limit of a consumer in good standing, thus unilaterally and unfairly pushing the consumer over the consumer’s credit limit. The credit card company will often then increase the consumer’s interest rate to an astronomical amount, and may assess ridiculous penalties for exceeding the credit limit all rights the credit card company claims to have due to the fine print that the consumer probably never saw. The result is that many consumers in good standing with their credit card issuers are now facing a debt that is quickly snowballing into an unmanageable amount. Faced with a daunting financial scenario that is spinning out of control, many consumers simply give up and walk away from the debt. Sound familiar?

    The ultimate result of the scenario described above (and many not described – everybody’s case is different) may be a credit card lawsuit, meaning the consumer gets sued for the outstanding credit card debt. Texas civil courts are literally bursting at the seams due to credit card lawsuits. Take a stroll through a Texas courthouse on a Monday morning and you may see hundreds of credit card lawsuits listed on the trial docket. Local Texas credit card attorneys, known as appearance counsel, may also be lurking in the courthouse halls waiting to prove up default judgments against unrepresented consumers who failed to properly answer the lawsuit. These credit card attorneys perform various other tasks and sometimes appear at credit card lawsuit hearings and trials. These local credit card attorneys are usually paid a flat rate to handle hearings and trials and typically appear on behalf of debt collection law firms that file a large volume of credit card lawsuits.

    Defending against a Texas credit attorney, credit card lawsuit or debt collection lawsuit may seem like an impossible task. Without a competent Texas debt defense attorney at your side, it is likely to be very difficult. Do not allow a credit card attorney to take advantage of you the same way the credit card company did. If you are on the receiving end of a Texas credit card lawsuit, we would be happy to visit with you about your case.

    We do not charge a consultation fee and our contact information is noted on this website. Review our results.


    Halifax UK, Interest Free Balance Transfer Card, Credit Card, credit card offers with no balance


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    No Fee 0% Balance Transfer.

    • If your application is successful you ll get a credit limit and any applicable promotional rates based on your current status
    • You can transfer balances to us (minimum 100) from most credit cards and some store cards, excluding Halifax products
    • To keep any promotional rates you must pay at least the minimum payment on time and stay within your credit limit
    • 0% for up to 29 months from account opening on balance transfers made in the first 90 days.

      Minimum 100 balance transfer. At least 51% of customers will get 0% on balance transfers for the first 29 months and a representative rate of 18.9% APR (variable). Others will get 0% interest on balance transfers for the first 14 months and a rate of 21.9% APR (variable) or 25.9% APR (variable).

    • 0% fee applies on each balance transfer made in the first 90 days.

      3% fee applies on each balance transfer made after the first 90 days.

    • 0% for 3 months from account opening on purchases.

    Representative example

    1,200 over 12 months.

    We should be able to give you a decision within 5 minutes.

    We should be able to give you a decision within 5 minutes.

    Credit card offers with no balance transfer fees

    Already have a Halifax Credit Card?

    You may be eligible to apply for a second credit card with us. Excludes Student Credit Card customers, conditions apply.

    Unfortunately, based on the information you gave us, we will not be able to offer you a credit card.

    Based on the information you gave us, your eligibility score is 10% and you are unlikely to be approved for one of our credit cards.

    Based on the information you gave us, your eligibility score is 20% and you are unlikely to be approved for one of our credit cards.

    Based on the information you gave us, your eligibility score is 30% and you are unlikely to be approved for one of our credit cards.

    Based on the information you gave us, your eligibility score is 40% and you are unlikely to be approved for one of our credit cards.

    Based on the information you gave us, your eligibility score is 50% and you are likely to be approved for one of our credit cards.

    Based on the information you gave us, your eligibility score is 60% and you are likely to be approved for one of our credit cards.

    Based on the information you gave us, your eligibility score is 70% and you are likely to be approved for one of our credit cards.

    Based on the information you gave us, your eligibility score is 80% and you are likely to be approved for one of our credit cards.

    Based on the information you gave us, your eligibility score is 90% and you are very likely to be approved for one of our credit cards.

    Based on the information you gave us, your eligibility score is 95% and you are very likely to be approved for one of our credit cards.

    Based on the information you provided, we can offer you a credit card. This decision is only valid for this session; please complete the eligibility checker again if you do not want to apply now.

    Based on the information you provided, we can offer you a credit card. This decision is only valid for this session; please complete the eligibility checker again if you do not want to apply now.

    Based on the information you provided, we can offer you a credit card. This decision is only valid for this session; please complete the eligibility checker again if you do not want to apply now.

    Will I be accepted?

    See how likely you are to be accepted for a Halifax Bank credit card. Your credit rating will not be affected and there s no obligation to apply for a card afterwards.

    Eligibility Checker

    About your card

    Here are some of the key features you get with your Halifax Credit Card

    • Cover against online fraud and your transactions are protected by Halifax Secure when you shop online with participating retailers.
    • Manage your card online using Online Banking and Mobile Banking app.
    • Make Faster Payments to your card within a matter of hours, giving you more flexibility and control over your finances.
    • Accepted wherever you see the MasterCard sign at over 33 million locations worldwide.

    What is a representative example?

    The representative example is an illustration of the rate that the majority of customers will get. If a credit card is described as having a particular representative APR, then at least 51% of the applicants accepted will get that rate. Other customers may get a different rate based on their individual circumstances.

    We use an example borrowing amount of 1,200 to calculate our representative example but in reality this figure could be different. This figure is not the credit limit you will be receiving and is for illustrative purposes only.

    The purchase rate is the rate of interest you’ll be charged on purchases made with your credit card after any introductory offer has ended. A variable rate means that your interest rate may change over time.

    Annual Percentage Rate (APR) tells you how much your borrowing will cost over an average year. It takes into account interest charged as well as any additional fees you’ll have to pay (such as any annual fees). This figure is given to allow you to make an easy and fair comparison between different credit cards.

    How do we decide the APR you get?

    We treat all applications on an individual basis. So the APR you get is determined by the details supplied on your application, along with an independent verification of your credit and repayment history.

    At least 51% of customers will get a representative rate of 18.9% APR (variable). Others will get a rate of either 21.9% APR (variable) or 25.9% APR (variable).

    We should be able to give you a decision within 5 minutes.

    Summary box

    It s always good to know the exact details so here is a clear summary of all the key credit card features. The information contained in this table summarises key product features and is not intended to replace any terms and conditions.

    Rates from 18.9% APR to 25.9% APR, depending on individual circumstances.


    Credit Card Help: 8 things you must know about credit card debt, i need help


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    8 things you must know about credit card debt

    By Erica Sandberg

    I need help with credit card debt

    mentioned in this article

    I need help with credit card debtDespite what you may hear about credit cards, getting into overwhelming debt with them is not inevitable. In fact, millions of credit customers charge regularly and never pay a penny in finance charges or other fees. Here’s how you too can use plastic to your advantage:

    1. You don’t have to owe! It is entirely possible to use credit cards regularly and stay out of debt forever. How? By only charging what you can afford to pay when the bill arrives. Use credit cards as a payment tool, not as a revolving debt instrument. To make this method work you’ve got to track charges and cash flow, says Purdue University’s Elizabeth Kiss, who holds a doctorate. in family and consumption economics. “Write all credit activity in a checkbook register,” says Kiss, “and constantly update your balance.”

    2. Know when short-term loans make sense. Sometimes financing a purchase with a credit card is prudent — as long as the repayment time frame is short. For example, let’s say you want $1,500 worth of living room furniture, but don’t have the cash to pay for it immediately. If you charge the items to a credit card with an 18 percent interest rate, and cover the balance in four months, the finance fees would total just $57. Not a bad deal. If you stretched it out over two years, however, you’d pay an extra $300 — quite a markup.

    3. Owing is easy, repaying is hard. Without careful attention, sinking into overwhelming debt is remarkably easy. “Most people get into trouble gradually,” says Kiss, explaining that when cardholders start out, their credit card limit is usually low. Over time it typically rises, which makes overcharging tempting. “Then you wake up and ask, What did I buy, what did I do?'” Kiss says. Paying down debt is difficult because as the balance climbs, the interest compounds, and payments increase. With funds promised to past spending, less money is available for current and future expenses.

    4. Debt affects your credit score. Not only is it wise to remain debt free for your own bottom line, holding onto high balances negatively impacts your credit score. To maintain a high score, your account balance should be under 35 percent of your available credit limit, says Lucy Duni, vice president of consumer education at TrueCredit.com by TransUnion. Therefore, if you have a credit line of $1,000, owing less than $350 is optimal. Timely payments are also vital. If you fall behind and skip a billing cycle, your creditor will report a 30-day delinquency to the three major credit reporting bureaus (TransUnion, Equifax, and Experian) and your score will drop noticeably. Miss more and you’ll see a dramatic downturn in your credit score.

    5. Develop a repayment plan. Even if you’re in deep, you can probably climb out of debt with commitment and a plan. Norman Perlmutter, author of “How To Settle Your Debts,” suggests going into “crisis money management mode”:

    • Limit spending to basic needs to free up cash to pay down debt.
    • Ask creditors if they will reduce your card’s interest rates.
    • Prioritize payments by interest rates (pay the high-interest balances first).
    • Suspend charging while in repayment mode.

    6. Can’t make a payment? Ask for help. While your credit card company is under no obligation to accept less than the minimum requested payment, do not fear. “Try to work with your credit card company to work out payment agreements,” urges Lita Epstein, author of “The Complete Idiot’s Guide to Improving Your Credit Score.” “If that’s unsuccessful, work with a credit counselor from the National Foundation for Credit Counseling to come up with a repayment plan,” she says.

    7. Settle cautiously. Want to settle your credit card debt for less than the actual balance? It’s possible, but you need to offer a lump sum, and most creditors require borrowers be at least a few months behind. Arranging such a deal on your own is best, as companies that facilitate it often charge a substantial fee and some aren’t very reputable. Still, settlements should only be attempted after less radical steps to eliminate debt fail, as they can result in substantial credit damage and tax problems. “Forgiven debt is often reported as taxable income,” says Perlmutter, “and unless it resulted from a bankruptcy or your debts were greater than your assets when you made the settlement, you will have to pay tax on it.”

    8. You can’t go to jail for nonpayment, but. If you’re worried about spending time behind bars for not paying your credit card debt, know that there is no debtor’s prison in the United States. However, there are other legal repercussions of which you should be aware. A creditor can sue you in a court of law, and if they win a judgment, they may be able to garnish your wages or take nonexempt property and assets. Living debt free is within every cardholder’s capability. The key is to always be aware of charging and balances, and address credit problems immediately.


    How Credit Scores Affect Car Insurance – Nationwide, trade credit insurance.#Trade #credit #insurance


    #

    How credit affects your car insurance premiums

    Trade credit insurance

    Besides your driving history and type of vehicle, your credit score can influence what you pay for auto insurance. Here are some answers to common questions about your auto insurance premiums and credit scores.

    How does Nationwide come up with car insurance premiums?

    Some of the rating factors that influence your auto insurance premiums include:

    • Age or driving experience
    • How your vehicle is used
    • Driving and claims history
    • Geographic location
    • Credit history
    • Make and model of your vehicle(s)

    Make and model not only influences your auto insurance premiums, it can also determine what type of car insurance you need. For example, classic car insurance is specifically designed for the unique needs of those who appreciate the classics.

    How does credit affect car insurance prices?

    Nationwide uses a credit-based insurance score when determining premiums. Studies show that using this score helps us better predict insurance losses. In fact, 92% of all insurers now consider credit when calculating auto insurance premiums.

    How does Nationwide determine this credit-based auto insurance score?

    For the credit portion of your insurance score, these are the key factors:

    • Payment history, including delinquencies or late payments
    • Length of credit history
    • Types of credit, such as credit cards and loans

    When determining your car insurance credit score, sex, marital status, age, ethnicity, address and income are never considered.

    How can my credit insurance score benefit me?

    A credit-based insurance score allows insurers to quote the fairest, most appropriate rate for every customer. About half of our existing customers pay a lower premium based on their credit score.

    Does a good credit score result in a good car insurance score?

    It’s an apples-to-oranges comparison, so not really. Insurers don’t look at credit the same way a financial institution does. Insurers consider only information that pertains to potential losses.

    How does Nationwide protect customer information?

    Nationwide has many safeguards in place to ensure the confidential and responsible handling of your personal information.

    • The only employees who see your information are those who need it for legitimate business purposes – to provide products or services to you.
    • No Nationwide associate will ever view your actual credit report, unless you’re coming to our Bank for a loan.

    How can I improve my credit score?

    Visit the Federal Trade Commission for more consumer credit information and resources that explain how to improve your credit score.

    What is an extraordinary life circumstance?

    At Nationwide we value our customers. We have an extraordinary life circumstance process that applies in all states. If your credit information has been directly influenced by one of the following events, you may qualify for reconsideration of your premium.

    • Any catastrophic event declared by the federal or a state government 1
    • Total or other loss that makes your home uninhabitable 1
    • Divorce or dissolution of marriage
    • Death of a spouse, child or parent
    • Serious illness or injury, either to you or to an immediate family member
    • Temporary loss of employment for three months or more, if such loss is due to involuntary unemployment
    • Military deployment overseas

    Identity theft

    If you have any questions about credit and how it can affect your insurance rates, feel free to contact your Nationwide agent any time.

    1 For more information about catastrophes, contact your Nationwide agent. We may need reasonable, independently verifiable documentation of the event and an explanation of how that event impacted your credit information.

    Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which control coverage determinations. Such terms may vary by state, and exclusions may apply.


    2017 Credit Card Applications from #best #credit #cards, #best #credit #card #applications, #top #offers, #balance


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    Compare The Best Credit Cards

    Our Partners’ Best Credit Cards for Every Customer

    When Credit-Land.com talks about the best credit card offers available right now, we aren’t just talking about the cards with the hottest offers, the lowest interest rates, or the sweetest rewards. Here at Credit-Land.com, we make a thorough credit card comparison and select the best credit card for each of our customers – and that’s not going to be the same card in every case. Our priority is to get you approved for the right card for you.

    You have your own unique credit history and your own individual demands of a credit card. If we show you the most popular new card or several top credit cards, but you can’t get approved for them, we haven’t helped you. That’s why Credit-Land.com will always tell you what level of credit is required for each card on our site – so know your credit history before you apply for credit card.

    There’s a card for every need – bad credit, good credit, business or personal. Moreover, there’s a perfect card for you, no matter what you’re looking for – the important thing is to look in the right place and to compare credit cards. Credit-Land.com is your guide to the best of the best credit card offers.

    Every time you submit new credit card applications, a hard inquiry is made to your credit report and your credit can be affected. Use our tools to make sure you’re applying for the right card and increase your chances of getting approved.

    All content. Copyright 2000-2017. Credit-Land.com. Inc. All rights reserved.

    * The Credit-Land.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. Credit-Land.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click “Apply” for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer’s website. All logos on the Credit-Land.com website are property of their respective owners.

    Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

    Please note that Credit-Land.com has financial relationships with some of the merchants mentioned here. Credit-Land.com may be compensated if consumers choose to utilize the links located throught the content on this site and generate sales for the said merchant.


    Fuel Card #fleet #fuel #credit #cards


    #

    Fuel Card with a Difference

    Fleet Card Orange

    One Fuel and Services Card for all your Fleet Expenses

  • More info
    Apply Now
  • Show Benefits
  • Fuel and Oil
    Online Reporting
    Pay Video Tolls
    Earn Flybuys Points
    Invoice Frequency: Monthly
    Accepted Payment Methods:
    Direct Debit, Direct Credit, Credit Card or Cheque
    Credit Terms: 51 Days
    Invoicing and Reporting: Paper, Email (PDF), CSV and Online
    Non-Fuel Partner Discounts
    Tyres
    Batteries
    Glass
    Repairs
    Servicing Apply Now
  • Fleet Card Blue

    Fuel and Oil Only Card to Control Employee Spending

  • More info Apply Now
  • Show Benefits
  • Fuel and Oil
    Online Reporting
    Pay Video Tolls
    Earn Flybuys Points
    Invoice Frequency: Monthly
    Accepted Payment Methods:
    Direct Debit, Direct Credit, Credit Card or Cheque
    Credit Terms: 51 Days
    Invoicing and Reporting: Paper, Email (PDF), CSV and Online
    Non-Fuel Partner Discounts
    Tyres
    Batteries
    Glass
    Repairs
    Servicing Apply Now
  • Fleet Card accepted at over 90% of nationwide fuel sites

    This means your drivers can spend more time on the road and less time searching for fuel stations.

    Your drivers can use our FREE mobile app to locate and navigate to Fleet Card friendly fuel and merchant sites whilst they are on the road. Available now, from the iTunes App Store and Google Play .
    View site locator

    You control the purchasing power of each Card

    Two levels of card controls: Fuel Oil only (blue card);
    Fuel Repairs (orange card).

    Track vehicle expenses and efficiency Transactions reporting via Fleet Card Online gives you visibility into fleet servicing, repair costs and vehicle expenses.

    Boost productivity and make the most of your cash flow

    In addition to genuine discounts off the pump price throughout the Shell and Coles Express network, an orange Fleet Card entitles you to exclusive offers across our partner network of over 6,000 non-fuel merchants for servicing, smash repairs, windscreens, vehicle batteries, panel work, tyres, and more.

    Increase cash flow. with up to 51 days’ interest free credit terms.

    Get rid of time-wasting admin and accounting headaches

    Reduced expense claim burdens. You no longer have to collect messy receipts and manually reconcile fuel and maintenance expenses or employee reimbursements.

    You receive a consolidated, ATO approved invoice for GST claims .

    24/7 access to transactions, fleet reporting, card and account management via our online customer portal .

    Convenient payment by Direct Debit or Credit Card.

    With no lock in contracts. you can cancel and add cards to your account at any time.


    Eastman Credit Union for iOS – Free download and software reviews – CNET #eastman #credit


    #

    Eastman Credit Union for iPhone

    Publisher’s Description

    From Eastman Credit Union: Eastman Credit UnionThere has never been an easier way to tap into Eastman Credit Union! Our mobile application provides fast and secure access to all your accounts – right in the palm of your hand. Need to transfer money to cover a purchase? You got it. Looking for the closest branch or ATM to your current location? Done. Or maybe you just remembered that you forgot to pay your water bill before you left on vacation. Not a problem. All this and more is just a tap away.ECU Mobile Application Features:*Deposit checks via the iPhone application*Check account balances, view recent transactions and transfer money between accounts*Use Payment Manager (Bill Pay) to pay bills, view pending payments and view bill payment history*Locate the nearest Eastman Credit Union branch or ATM*Locate a surcharge-free Allpoint ATMs*Safe, secure and fastNote: To use Eastman Credit Unions mobile application, you will first need to enroll in ECU Online Banking. Visit ecu.org or contact a member service representative at 800.999.2328 to gain instant access.Federally insured by NCUA.To learn how we protect your privacy, please visit https://www.ecu.org/privacypolicy

    What’s new in this version:

    -General Enhancements-Minor bug fixes.

    screenshots

    Add Your Review

    You are logged in as . Please submit your review for Eastman Credit Union

    Thank You for Submitting Your Review, !

    Note that your submission may not appear immediately on our site.

    Update Your Review

    Since you’ve already submitted a review for this product, this submission will be added as an update to your original review.

    Thank You for Submitting an Update to Your Review, !

    Note that your submission may not appear immediately on our site.


    How Credit Cards Affect Your Credit Rating, credit card to help credit.#Credit #card #to #help


    #

    How Credit Cards Affect Your Credit Rating

    Credit card to help credit

    Credit card to help credit

    “I tell you Doris, he was making $150,000 a year and had been working at the same place for a decade and they wouldn’t approve his loan! They told him straight up that no credit history means no loan – all because he didn’t have a credit card.”

    It has become a bit of an urban legend, but with the rising prices of houses and the need for almost everyone to carry a mortgage, credit ratings have taken on greater importance. In this article, we will look at credit cards, their relationship to your credit rating, and what you can do about both.

    Life in Plastic, It’s Fantastic

    There is still a sizable amount of the population with no credit cards. According to a 2014 Gallup survey, about 29% of Americans don’t have even one credit card. However, this is not the norm. In fact, most individuals have more than one credit card, and the average American has 2.7 cards (including those with no cards. Among credit card owners, the average is 3.7 cards.

    For many people, credit cards have become a part of everyday life. Those without them, it would seem, are being left behind – but that isn’t entirely true. The original appeal of credit cards was the ability to make purchases without carrying cash (that could be stolen) and the protection against unauthorized purchases. These days, however, these benefits can be achieved with a run-of-the-mill debit card. It is in new areas that credit cards have the edge, specifically shopping over the internet. There are still shopping sites that run C.O.D., but by and large, it’s a plastic world.

    In short, credit cards aren’t necessary, but they are useful. Besides, if the average person only used credit cards for online shopping, one card – rather than five, or 10 – would be enough.

    As you may know, credit cards reproduce rapidly. One minute you have your first credit card in your wallet – the one they weren’t going to give you until your parents signed the paper too – and the next thing you know, you have a card for every store you’ve ever been to (plus three you’ve never heard of).

    The proliferation of credit cards may be one of the most successful PR campaigns in history. Somebody decided to change the definition of credit and made consumers feel that buying on credit was less like a high-interest loan and more like an increase in disposable income.

    Unfortunately, no one told the general public about this change, and many consumers were duped into believing they were gaining buying power when they signed up – not more debt. As time passed, the truth was exposed. Instead of giving up the game, credit card companies introduced exclusive benefits and wormed their way into the ominous sounding, “credit rating report”.

    Therefore, the general consensus is that, without a credit card, you can’t have a credit rating; without a credit rating, you can’t get a loan; without a loan, you can’t get a house, car or flat-screen HDTV; and without these, you are destitute, homeless and worse than dead.

    Carrying this further, if one card gives you a credit history and, thus a credit rating, won’t 20 credit cards will give you 20 times the credit rating? This seems logical, but unfortunately, it is not the case.

    Banks and credit card companies have opposing views on credit card proliferation. For banks, a credit card is fine as long as it gets paid down regularly. A few credit cards are surmountable, but some of these had better have a zero balance and the rest should be heading that way. For banks, having many credit cards is a bad sign that usually points to a potential financial crisis in the making – even if they all have a zero balance.

    If a potential client has so many tempting sources of easy (high-interest) credit, the bank begins to wonder which debt is going to be given priority when the chips are down and whether it is even possible for the lender to handle all the different payments. This does not, however, keep banks from issuing cards themselves – after all, money is money and a credit card gives them an interest rate return that they could never get on a regular loan.

    In contrast, credit card companies love customers who carry a balance as long as they pay the interest. If you only pay the interest and continue to carry a balance on your card, you will probably be offered a credit limit increase or another card. To a credit card company, the amount you owe is less important than the fact that you pay the interest regularly. Credit cards issued by stores don’t even put that fine of a point on it. They issue small debt packages, say $500 per card, and are more concerned about getting a casual customer shifted over to a constant one – the interest payments on the card are icing on the cake. It is best to avoid store cards or, failing that, avoid carrying any kind of a balance on them from one month to another.

    Deciphering the Credit Rating Code

    Banks want to see a potential lender who regularly pays the interest and reduces the principal. Credit cards can be a good indicator of whether the potential lender can service the debt he or she is requesting.

    But credit cards are just one part of your overall credit rating. If you have taken a student loan, car loan, furniture loan, house loan, etc., these will also be part of your credit report. If you paid down these loans in timely fashion, this will count in your favor. A stable income is also a key factor for deciding whether you qualify for a loan. You can have the best credit in the world, but without regular income, you’re usually sunk.

    If your credit cards are a significant part of your credit history, there are some things you can do to improve your credit rating. First, you need to keep you credit-debt ratio as low as possible on all of your cards – below 50% for sure, but below 30% would be ideal. And, once you have found a low-interest card you like, keep it. The cards that you have the longest history of regular payments with will help your rating. Pay off and cancel cards that have given you trouble.

    If you are carrying a balance of more than 50% on one card and are going in for a credit report, it may be better to split up the balance between two cards. This will improve your debt ratio by increasing your available credit compared to how much debt you are carrying. Basically, you are putting the debt in a bigger box in order to make it look smaller. This strategy works up to a point. Depending on the creditor’s attitude, you will hit a tipping point where the number of cards you open to deflate your debt ratio reflect more poorly on your record than the ratio itself.

    Your credit rating is only one part of what decides whether you get approved for a loan, and credit cards are only a part of the credit rating. Things like splitting a high balance on one card into two makes sense, but if you are holding too much debt on too many cards, you have to consolidate your credit payments on the card with the least interest and get rid of some of the principal. Or, assuming you have the ability to be approved, use a flexible loan instrument like a line of credit to clear your cards every month. This will give you a better interest rate and take away the risk of forgetting to pay a particular card down. Consolidating and eliminating debt is the best way to improve your credit rating – having a good income and well-ordered finances is the best way to get approved for a loan. Having a credit card can’t replace that.


    The Bangladesh Rating Agency Limited #credit #rating #agency #of #bangladesh


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    The only Credit Rating Agency for Small and Medium Enterprises (SMEs) licensed by Bangladesh Securities and Exchange Commission (BSEC) and approved by Bangladesh Bank

    The Bangladesh Rating Agency Limited (BDRAL ), a subsidiary of Dun Bradstreet South Asia Middle East Ltd. . is the pioneer in rating the SME sectors in Bangladesh. SMEs are the power house of the developing economy of Bangladesh and so to turn Bangladesh into a middle-income nation, the SME sector is the only alternative which can help the country to achieve the feat. The company is strengthened by Dun Bradstreet South Asia Middle East Limited (DBSAME) holding the majority shares along with seven renowned local banks and two non-bank financial institutions.

    The company launched its SME ratings in Bangladesh following a successful pilot phase carried out in the year 2009 under the name Dun Bradstreet Rating Agency Bangladesh Limited, which was later renamed. Having congruence with the mentioned pragmatic approach, BDRAL SME ratings aim to address the challenges faced by banks and other lending institutions in SME lending and took the initiative to assist the financiers to provide a comfort level for increasing the financing in the SME sector.

    BDRAL team is equipped to perform in line with its commitments towards the growth of SMEs and all relates in Bangladesh. Moreover, SMERA Ratings Limited of India with whom we have a Technical Collaboration Agreement (TCA), is also a Dun Bradstreet holding which has set forth a successful Ratings Model for the SMEs. SMERA’s performance has been the highlight as exemplary at the G20 Summit, while it continues to facilitate greater credit flow from the banking sector into MSMEs in India. BDRAL is equipped to replicate and has implemented a similar benchmark of success that is already in practice in India for rating SMEs in Bangladesh.

    BDRAL rating framework considers a number of financial and non financial parameters of the enterprise and regulations and industry specific dynamics. We believe that the industry in which an SME operates has a direct bearing on the overall performance of the SME and therefore rates SMEs based on industry benchmarks. BDRAL Rating is a comprehensive assessment of the enterprise taking into consideration the overall financial and non financial performance of the subject company vis à vis the other peers in the industry in the same line of business and size criteria.

    BDRAL strives for analytic excellence at all times, evaluate its rating criteria, methodologies and procedures on a regular basis, and modify or enhance them as necessary to respond to the needs of the Bangladesh’s markets. The company maintains a network of field analysts throughout the country to perform the contact point verification and data collection activities. This setup helps us to conduct surveys in specific areas or all over the country in an effective and efficient manner. We are capable of undertaking and delivering any Economic, Business and Investment related research. We realize that to do better business, we must have better insight!

    BDRAL is the first licensed (Registration No. 08/2012) SME Credit Rating Agency in Bangladesh. It was granted the Credit Rating License by Bangladesh Securities and Exchange Commission (BSEC) in 2012 under rule 5 (3) of the Credit Rating Companies Rules, 1996.

    BDRAL is recognized as an eligible External Credit Assessment Institution (ECAI) by Bangladesh Bank for Small and Medium Enterprises (SMEs) under Risk based Capital Adequacy Framework (BASEL II) in 2013. [Reference: BRPD Circular No. 12. Mapping of External Credit Assessment Institutions (ECAIs) Rating scales with Bangladesh Bank (BB) Rating Grade.

    Our Memberships:

    BDRAL Business Bulletin


    Cell Phone Credit Card Swiper #mobile #wireless #credit #card #swipe #for #your #cell #phone, #wireless


    #

    Credit Card Slips Cell Phone Credit Card Swiper

    Cell Phone Credit Card Swiper

    Turn your cell phone into a credit card machine! Simply plug the card reader into your audio jack on your cell phone. Works with iPhone , and Android Smartphones. Designed for mobile businesses by providing real time, secure credit card transactions everywhere your cell phone works. Signature Capture, lower swiped rates, new credit card processing account activation is required.

    Processing Rates from only 0.68% and 29

    Size: 1.18 inches x .043 inches x 1.77 inches

    300,000 cycles minimum

    One Year Manufactures parts labor warranty

    Free Card Swiper

    Free merchant account software for your phone

    Application, Activation Programing Fee-$49.99

    Monthly Statement Gateway Fee-$17.00

    Card read (Swiped) transaction Costs:

    • Credit only 1.68% and 29 per item
    • Debit only 0.68% and 29 per Item

    Call (800) 901-7500 for full details!


    Verifone Vx610 Wireless Terminal Credit Card Machine


    iPhone Credit Card Reader | Swiper | Application

    Electronic Merchant Systems Inc. 3612 Forest Dr Alexandria, VA 22302 | Registered ISO of Wells Fargo Bank, N.A. Walnut Creek,CA | American Express may require separate approval. 2015 Electronic Merchant Systems All Rights Reserved. All other trademarks, service marks and trade names referenced in this material are the property of their respective owners.

    2015 Electronic Merchant Systems All Rights Reserved

    Electronic Merchant Systems credit card processing equipment and merchant services, the benchmark for quality and customer satisfaction since 1988.


    How to Add Credit Card Processing to a Website #how #to #accept #credit #cards #on


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    How to Add Credit Card Processing to a Website

    When building an e-commerce business which involves selling products online, one of the key components to your website is credit card processing. Giving the customer a convenient and safe way to pay is absolutely critical to the success of your business. With the growth of online shopping, a number of resources have become available to help you achieve this. Credit card merchants have essentially automated the entire online shopping experience, which then allows you to focus your time and energy on other important factors such as website promotion and marketing.

    Choose your method of accepting credit card payments. You can either use your own merchant account or use a third party merchant. If you choose to use your own merchant account, you will need to open a merchant account with a bank. The easier and more common method is using a third party merchant, where the company will accept credit card payments on your behalf in exchange for various fees and percentages. Google Checkout and Paypal are two of the largest and more reputable payment gateways.

    Add “shopping cart software” to your website. How this is done depends on what resource you’re using for your website. For instance, your website’s host provider will often have partnerships with multiple shopping cart companies, allowing you to install your cart with the click of a button. The most important job of the cart is to facilitate a secure transaction between your website and your shopper, and between your website and your credit card processor.

    Connect the shopping cart software with your credit card payment processor. Often, this step is not necessary. Most of the time, the two are connected and handled during the initial installation. Also, many of the reputable payment processors will give you shopping cart tools for free and guide you through the installation.

    Tips

    • check There are so many ways to accomplish this task that it’s extremely difficult to give instructions on all the different ways. If your hosting provider offers free e-commerce tools, you should take advantage of that. If you use Paypal, they provide all the necessary tools, including the proper code to copy/paste into your website template, which will literally create the “Buy now” buttons as well as all the necessary financial forms to be filled out.
    • check Often, hosting websites will have partnerships with reputable shopping cart processors. They will allow you to install these tools to your website for free with just a simple click of a button. If your hosting site does not offer this, you can usually just use a plug-in. For instance, WordPress has hundreds of different plug-ins that will enable shopping carts on your website.
    • check Often these shopping carts are more than just shopping carts so to speak. They can provide a good deal of functions including item selection, tax calculation, shipping fees, email confirmation, customer tracking, and most of all a secure transaction.

    References

    About the Author

    Drew Stern has been a professional freelance writer since 2007. He specializes in creating original content for start-up companies in a variety of fields. His work also appears on eHow, focusing on topics about business, travel and technology. He holds a Master of Fine Arts in creative writing from the University of Florida and certifications as a Florida EMT and firefighter.

    Photo Credits

    • photo_camera online shopping guy image by patrimonio designs from Fotolia.com

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    Business Loans #small #business #loans #wisconsin, #abbybank #business #loans #abbotsford #state #bank #wausau #weston #wi


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    Home Business & Ag Business Loans

    Business Loans

    Business Ag Loans*

    AbbyBank has experienced lenders that will take the time to get to know you and your business needs. Being a locally owned bank, we understand the business needs and challenges you have and will work quickly to offer and recommend our best products and services for your situation. Call a Commercial Lender today to help you make great financial decisions!

    Fixed and Variable Rate Commercial Loans*

    Commercial Business Loans can be used by new or existing small businesses used for the purchase, expansion or refinancing of a business. Types of commercial loans are manufacturing, service industries, retail, commercial and residential real estate development, etc. Fixed rate commercial loans have a rate that is locked in for the term of the loan, normally one to five years. Variable rate loans are tied to an index rate with the loan rate fluctuating whenever the index rate changes. Loans can be secured by real estate, fixtures, inventory and accounts receivable, etc. AbbyBank will work with Small Business Administration (SBA) loans when applicable. Find your local Commercial Lender to discuss all of your options.

    Commercial Revolving Line of Credit*

    Normally established once per year for a certain amount, these loans can be drawn against or paid anytime during the year. These loans are normally required to be revolving in nature and paid to zero at least once per year. Find your local Commercial Lender to discuss all of your options.

    Agricultural Loans*

    The agricultural industry is the backbone of Wisconsin, and we are proud to support area farmers and agricultural businesses and families since we opened in 1968. AbbyBank’s Agricultural Lenders are knowledgeable and experienced when it comes to the farming and/or ag industry. Let our knowledgeable staff help you make sound financial decisions to make your business a success.

    AbbyBank offers Agricultural Real Estate Loans, Agricultural Personal Property Loans and Revolving Line of Credit to help your Ag business succeed. AbbyBank will also work together with other farming programs, like FSA, SBA, Farmer Mac, etc. to allow you to get the best pricing and financing available. We can also establish Milk Check Assignments so the loan payment comes directly to our bank from the milk company. The payment is deducted from the milk check proceeds either monthly or semi-monthly. This automatic payment option ensures that loan payments are made on time. Contact one of our knowledgeable Ag Lenders today.

    FREE Financial Business Forms (some forms require Microsoft Excel)

    *All AbbyBank loans are subject to credit approval.


    Halifax UK #interest #balance #transfer #credit #cards


    #

    Our Longest 0% Balance Transfer.

    Balance Transfer offer – exclusively available online.

    Important information about our credit cards:

    • If your application is successful you ll get a credit limit and any applicable promotional rates based on your current status
    • You can transfer balances to us (minimum 100) from most credit cards and some store cards, excluding Halifax products
    • To keep any promotional rates you must pay at least the minimum payment on time and stay within your credit limit
    • 0% for up to 38 months from account opening on balance transfers made in the first 90 days.
      Minimum 100 balance transfer. At least 51% of customers will get 0% on balance transfers for the first 38 months and a representative rate of 18.9% APR (variable). Others may be offered the Classic Credit Card which may have a different promotional period and a rate of 27.9% APR (variable).
    • 2.25% effective fee applies on each balance transfer made in the first 90 days.
      An initial 3% fee applies; we’ll then refund 0.75% within 90 days, so the effective fee is 2.25%. The refund applies for balance transfers in the first 90 days from when we open your account, after which a 3% fee applies for each balance transfer.
    • 0% for 6 months from account opening on purchases.

    Representative example

    A variable representative of
    18.9% APR

    A variable annual purchase rate of
    18.95% p.a

    Based on borrowing
    1,200 over 12 months.

    This example is for illustrative purposes and serves as a guide only. Your actual credit limit and rate will vary based on your individual circumstances and may differ from the example shown.

    About your card

    Here are some of the key features you get with your Halifax Credit Card

    • Cover against online fraud and your transactions are protected by Halifax Secure when you shop online with participating retailers.
    • Manage your card online using Online Banking and Mobile Banking app .
    • Make Faster Payments to your card within a matter of hours, giving you more flexibility and control over your finances.
    • Accepted wherever you see the MasterCard sign at over 33 million locations worldwide.

    What is a representative example?

    The representative example is an illustration of the rate that the majority of customers will get. If a credit card is described as having a particular representative APR, then at least 51% of the applicants accepted will get that rate. Other customers may get a different rate based on their individual circumstances.

    We use an example borrowing amount of 1,200 to calculate our representative example but in reality this figure could be different. This figure is not the credit limit you will be receiving and is for illustrative purposes only.

    The purchase rate is the rate of interest you’ll be charged on purchases made with your credit card after any introductory offer has ended. A variable rate means that your interest rate may change over time.

    What does APR mean?

    Annual Percentage Rate (APR) tells you how much your borrowing will cost over an average year. It takes into account interest charged as well as any additional fees you’ll have to pay (such as any annual fees). This figure is given to allow you to make an easy and fair comparison between different credit cards.

    How do we decide the APR you get?

    We treat all applications on an individual basis. So the APR you get is determined by the details supplied on your application, along with an independent verification of your credit and repayment history.

    At least 51% of customers will get a representative rate of 18.9% APR (variable). Other customers may be offered the Classic Credit Card with a rate of 27.9% APR (variable).

    This offer is exclusively available online and it takes just minutes to apply.

    Cost of Borrowing

    Credit cards are designed to be a flexible form of borrowing. Paying the minimum amount every so often can help you manage your money more effectively, although we would not recommend that you make minimum payments for a long period of time once your promotional offers have ended. Once your account is open, you can set up a Direct Debit for any fixed amount over the minimum payment by calling 03457 28 38 48 . Lines are open 24 hours a day, 7 days a week.

    For longer term borrowing it may be more appropriate to choose a loan from us. If you would like to find out more about this you can call Halifax Personal Loans on 03 45 600 4611 . (Lines are open 8am to 10pm, Monday to Friday, 9am to 6pm on Saturdays and 9:30am to 5:30pm on Sundays) or visit halifax.co.uk/loans or call into a Halifax branch. where our staff will be happy to help.

    The following example highlights the difference between only paying the minimum and paying a fixed amount:
    For a purchase of 1,000 on your Halifax Balance Transfer CREDIT CARD.

    If you pay the minimum payment each month

    If you pay 50 each month

    How much interest will you be charged in the first year?

    How much interest will you be charged in the second year?

    How long would it take to clear the balance?

    18 years 4 months

    2 years 2 months

    The above example assumes the following:

    • Any promotional offers are excluded.
    • The transaction takes place on 1st January and you make no further transactions.
    • You always make the payment each month on the 15th.
    • Your statement is produced on the 1st of each month.
    • You are on the best rate available for this card.

    Halifax is a responsible lender and we only want you to borrow what you can afford and in a way that is best for you. If you d like to talk to us about the choices you ve made or you would like further information, please contact us. We will also be able to help you if you re experiencing financial difficulties.


    Payment Processing Services #best #mobile #credit #card #processing #for #small #business


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    MAIA s CISR #commercial #credit #risk #management


    #

    CERTIFIED INSURANCE SERVICE REPRESENTATIVE (CISR) and
    CISR Elite

    The Certified Insurance Service Representative (CISR) program gives you a choice and additional learning opportunities in the commercial lines and personal lines subject areas as well as course offerings in life health and risk management. The CISR designation program includes 9 course offerings. You will need to pass 5 of the 9 courses to earn the CISR designation.

    The CISR Courses are:

    Commercial Casualty I

    Essentials of Legal Liability, Commercial General Liability, Additional Insureds

    Commercial Casualty II

    Business Auto, Workers’ Compensation, Excess Liability**

    None of the courses are mandatory. The participant may select any 5 of the 9 courses to earn the designation.

    The CISR program is a practical program that stresses the understanding and analysis of risks and exposures. A student should have a basic knowledge of insurance. The CISR program consists of 5 one-day courses that cover all phases of the CSR’s daily work. They are as follows: Agency Operations. Commercial Casualty I. Commercial Casualty II. Commercial Property. Personal Auto. Personal Residential . Personal Lines Miscellaneous , Life Health Essentials and Elements of Risk Management .

    • You must take 5 out of the 9 courses to earn your designation.
    • You may take the courses in any order. Each course is followed by a one-hour exam.
    • Anyone may attend the courses and receive the CEUs without taking the exam. However, if you wish to attain the designation, you must pass each of the 5 exams.
    • To earn the CISR designation you must successfully complete the program and pass the exams within three calendar years following the passage of the first exam.

    If you hold the CISR designation and pass the other four CISR course exams, you will earn the CISR Elite designation! These additional passes must be achieved in a three year time frame.

    Obtaining the status of being a CISR Elite is evidence of commitment to the agency, the client, and the participant s personal growth. Earning CISR Elite designation.

    • represents increased specialized knowledge
    • increases earning power
    • enhances professional status
    • creates more value for your agency or company

    For example, the CISR Elite designation would read as: Heather Kramer, CISR Elite

    The state requires that all registrants attend a class in its entirety to receive continuing education credits (CEUs). Partial credit is not given for partial attendance. LATE ARRIVALS WILL NOT RECEIVE ANY CEUs.

    If you work for a Massachusetts employer and are a member of MAIA, you can apply for Massachusetts Workforce Training Fundsto pay for your CISR designation.
    Learn more. NOW!

    8:00 a.m. to 4:00 p.m.

    4:00 p.m. to 5:00 p.m.

    You do not need to take or pass the exam to receive CEUs.
    The state requires that all registrants attend each course in its entirety to receive CEUs. Partial credit is not given for partial attendance and late arrivals will not receive any CEUs.

    Photo ID: You must present a photo ID to the registrar at all program locations.

    Cancellation/Refund Policy: There will be a $55.00 penalty fee if we are not notified in advance of three (3) working days of the scheduled class. Failure to cancel will result in loss of full registration fee.

    Late Registrant/Walk-in Fee: A $10 charge will be added to all walk-ins and registrations received within 24 hours of the class. Please call 48 hours in advance to ensure availability.

    Online Opportunity. Attend our CISR courses in the classroom or go online — the choice is yours! Anytime you have access to the Internet, class is in session. To find out how to take a CISR course online, please call 800-633-2165 or go to www.cisr-edu.com

    We’ve implemented a secure system for registration and now only accept credit cards for web registrations.

    REGISTER BY PHONE:
    800-742-6363
    800-742-6363
    508-634-2900

    REGISTER BY FAX:
    (508) 634-2930

    Commercial Casualty I – CGL, Additional Insureds
    This course strengthens your ability to have productive, assured interactions with your commercial customers in the area of commercial casualty exposures and coverages. You will improve your understanding of legal liability and what creates liability exposures. The focus of this course is the Commercial General Liability Coverage Form. This course also addresses additional insured exposures and the coverage available to meet these needs.

    Topics:

    • Essentials of Legal Liability
    • CGL Introduction
    • Commercial General Liability Coverage Parts
    • CGL Other Provisions
    • Additional Insureds

    Finished for 2017 – Call Association Eduation at 1-800-742-6363 for future scheduling.

    Commercial Casualty II – BAP, WC, Excess Liability
    This course, like Commercial Casualty I, strengthens your ability to have productive, assured interactions with your commercial customers in the area of commercial casualty exposures and coverages. In this course the focus is the Business Auto Policy, the Workers Compensation Policy and Excess Liability Policies. You will improve your understanding in each of these areas.

    Topics:

    • Business Auto Exposures and Coverages
    • Workers Compensation Employers Liability Insurance Policy
    • Commercial Umbrella and Excess Liability Policies

    Personal Residential
    This course gives you the expertise you need to guide your customers through the often complex and confusing process of purchasing homeowners insurance – and help them make decisions that insure their most valuable assets.

    • Introduction to the Homeowners Policy
    • Homeowners Policy Section I
    • Homeowners Policy Section II
    • Tenants, Unit-Owners, and the Dwelling Policy

    Finished for 2017 – Call Association Education at 1-800-742-6363 for future scheduling.

    Personal Lines Miscellaneous
    This course addresses the exposures created by watercraft, recreational vehicles, and business activities often encountered when working with personal lines clients. Prompting your client to identify these exposures is crucial, because the ISO Homeowners and ISO Personal Auto Programs provide only very limited coverage. You will be better able to design the appropriate coverage for these exposures. The course will also provide an analysis of the important coverage offered through personal umbrella or excess liability policies.

    • Watercraft Exposures Coverages
    • Recreational Vehicles
    • Business Activities of Personal Lines Clients
    • Personal Umbrella/Excess Liability

    Agency Operations
    This course helps make you an indispensable team player in any insurance agency. As you work with colleagues and customers, you will do so with enhanced self-assurance and a greater understanding of the dynamics within insurance organizations. Also, understanding how agencies operate is essential training for both insurance agency and company personnel.

    Topics:

    • Legal Ethical Requirements
    • The Insurance Agency
    • The Insurance Industry and Marketplace
    • Communication
    • Agency Workflow
    • Account Management
    • Errors Omissions

    Finished for 2017 – Call Association Education at 1-800-742-6363 for future scheduling.

    Life Health Essentials
    This course will help build a better understanding of what your clients need to know about life and health insurance. Explaining the benefits of having the proper life and health insurance is key to the financial wellbeing of your clients families and businesses. Be better prepared to answer questions about analyzing the need for and placement of life insurance. Health insurance includes a diverse assortment of policies, from medical expense coverage to vision care and dental coverage, plus a variety of delivery systems and health plans designed to manage the high cost of care.

    • Introduction to Life Insurance
    • Term Insurance
    • Permanent Life Insurance
    • Health Insurance Concepts
    • Consumer Driven Plans

    Not Offered in 2017 – Call Association Education at 1-800-742-6363 for future scheduling.

    Elements of Risk Management
    Insurance professionals need training in the risk management process for two reasons.
    First, insurance is an integral part of their client’s overall risk management program. Second, services provided by carriers, agencies and brokerages are often significant items in the organization’s cost of risk. In this eight-hour course we will cover each of the five powerful steps in this process, which protects not only the organization’s assets, but also its mission and its brand.

    Topics Include:

    • The Risk Management Process Risk Terms
    • Risk Identification
    • Risk Analysis
    • Risk Control
    • Risk Finance
    • Risk Administration

    6 Ways to Pay Off $600 or $6, 000 in Credit Card Debt #holly #perez,personal


    #

    6 Ways to Pay Off $600 or $6,000 in Credit Card Debt

    Falling in debt can be easy. Getting out of debt can be significantly more challenging, but certainly not impossible. Debt reduction is an important step toward achieving a stable financial future.

    Whether you have $600 or $6,000 of debt, follow these six strategies to get out of the red and back on solid financial footing.

    1. Identify the debt source. Beyond fixed bills such as rent, car payments or utilities, few people have a firm grasp on where and how often they spend their discretionary dollars. Online personal finance tools can help take the guess work out of where you are spending money by aggregating your financial accounts in one place and providing a clear financial picture. Knowledge is power when it comes to your money. Once you have that visibility, identify areas where you can reduce spending or make tradeoffs. Perhaps it’s eating out two days a week instead of five, making your daily coffee at home or trying to buy more household items in bulk. You may find yourself with more money to pay off your debt and establish healthy spending patterns to ensure you’re never in the red again.

    2. Pay off the highest interest rates first. When tackling credit card debt. take a look at the interest rates of all your cards, and sort them from highest to lowest. Many people tend to focus on paying off the credit card with the largest balance, but it’s the one with the highest interest rate that can prevent you from reaching your debt reduction goal. By dedicating higher payments toward the card with the highest interest first, you’ll more quickly rid yourself of the debt that has the most substantial impact on your finances.

    3. Leave ‘em at home. If you’re working to pay off credit card debt, it’s imperative you don’t add any additional purchases to your existing balance. Now that doesn’t mean you should race to pay off your cards and then cancel them immediately (that can actually have damaging consequences for your credit score ). Ease into the mindset of using a debit card or cash for purchases you previously would have charged to credit. Leaving the credit cards at home will also give you insight into how much money you have available in real time.

    4. Transfer balances. This is also known as snowballing. If you haven’t reached the maximum limit on your credit cards with lower interest rates. consider transferring bills with higher interest to them. There can be fees associated with a transfer. so make sure the lower interest rate offsets the cost. This strategy also requires a fair amount of discipline to not spend on the newly cleared card while also committing to pay off the balance you transfer over. It will, however, help you pay off cards with higher interest rates in a much more timely fashion.

    5. Borrow from yourself. If you’re completely overwhelmed with debt, it’s OK to dip (temporarily) into your savings. Just be strategic about it. Earmark a specific amount as an emergency fund that is off limits while paying down your debt, just in case anything unexpected comes up. There’s nothing worse than having to go even deeper into debt when you’re trying to climb your way out. If you must borrow from your savings or emergency fund, remember to replenish it as soon as the debt is paid off.

    6. Look into earning more. Do you have a talent or skill in an area that people would be willing to pay you for? Try your hand at freelancing to make a few dollars on the side. You could also look into selling your unwanted possessions on eBay, picking up jobs on TaskRabbit or turning your hobby into a source of income. You might be able to generate a substantial amount of cash, all of which can be funneled to paying off debt quicker.

    Debt can be daunting, but it doesn’t have to be depressing. Start by incorporating these strategies into a debt reduction plan that works best for you so the process won’t become too overwhelming. Taking control of your money, and sticking to a plan will have you seeing green in no time!


    Credit Card Grace Period – The Hidden Truth Exposed #what #credit #card #starts #with #a,


    #

    Credit Card Grace Period How They Really Work

    by CreditCardForum Staff

    Most people are familiar with grace periods on credit cards, but unfortunately most people are unaware of the sneaky trick I m about to tell you about.

    What is a credit card grace period?
    It is a window of time you have where you will not accrue interest charges, if you pay them off in full. This grace period starts when your billing cycle closes. It ends when the payment is due for that billing cycle.

    What’s the shortest a grace period can be?
    A new law went into effect in February 2010 (from the Credit CARD Act of 2009). It requires cardholders to be given a a reasonable amount of time for making payments. How long is reasonable? The law states a minimum of 21 days must be given for credit card grace periods, which starts when the billing statement is issued.

    Before this grace period new law went into effect, some sketchy banks would start charging interest as soon as a purchase was made. Fortunately, those days are behind us!

    How do grace periods work? Not how you would think
    Most people seem to assume that even if they don’t pay their balance off in full, interest will not start accruing until after the grace period unfortunately that’s not how it works!

    You see, if the full amount isn’t paid off before the grace period ends, then you will be charged interest going back all the way to when the purchases were made.

    Here s an example:

    • You purchase a $1,100 TV on October 22nd
    • Billing cycle closes on Nov 15th and the due date is Dec 7th. You pay $100 on Dec 3th.
    • On Dec 10th (3 days after the due date) you pay off the remaining $1,000.

    A month later your next statement comes… surprise! Instead of being charged for 3 days of interest on the $1,000 like you thought you would, you have been charged interest for 47 days on the $1,000 (going back to the date of purchase).

    But that s not all you have also been charged interest on the $100 that you paid before the due date! Interest charges for 43 days, going from the date of purchase until the date of payment (Dec 5th) have been charged to your account.

    and here we thought you were just going to be charged for 3 days of interest on the $1,000!

    How do they get away with this?
    Unfortunately, credit card companies don t seem to do a good job explaining exactly how a grace period works. Basically, your interest starts accruing the moment you make a purchase the only way that interest is waived is if you pay off 100% of the charges in full by the due date. If not, you will be slammed with interest going back to the date of purchase, as explained in the above example.

    Sure, the credit card grace period definition is buried in the fine print, but they use so much legal mumbo jumbo to explain it, most lawyers can t even understand! So it comes as no surprise to me that many people are completely unaware of this.

    Do cash advances/convenience checks work the same way?
    Those are even worse. There is no grace period on credit card cash advances/convenience checks. They start accruing interest from the day you begin using them and you will be charged that interest even if you pay off your credit card statement in full.

    Conclusion?
    You are going to encounter these drawbacks with even the best credit cards. The way to avoid these sneaky tricks is to pay your balances in full each and every month, plus you should avoid those cash advances altogether.

    US Bank has an even sneakier punch. If you use their balance transfer offers which offer 0% interest for a long time (in my case for over a year) and then use your card AT ALL, they get rid of your grace period. For example, if you transfer $2000, say, and then spend $4000, making your total bill $6000, you would think that paying off your $4000 purchases immediately (plus a little more) would put you back to 0% interest on the remaining $2000 that you had transfered. But it doesn t. Having a balance transfer on your card reassigns new purchases to a catagory that allows interest to accrue immediately on whatever the *average* daily balance is. So you pay the fee for the transfer (4%) and you pay off the total for the new purchases and you- who knew?!- also pay interest. It begs the question of if you re charged interest during the grace period on purchases and on cash advances that individually have 0% interest, can that be legal? Didn t the 2009 act get rid of this kind of scam?

    That is not all! Citibank credit card has another sneaky punch on our face. They now eliminate two periods of grace period forcing you to pay interest on all purchases for two additional months. So you make one partial payment and they screw you for three months of interests. This is penalty for paying on time!

    I pay my one only credit card off each month in full by the due date for over 10 years. But I apparently lost a statement with balance due of $1782, forgot all about it didn t realize what had happened until the following statement came with $4084 addt l purchases I d made. Total interest billed with that latter month s statement came to $66.67. Guessing it is this high because I m being charged

    $26.62 on the 1782, and also interest on each purchase made since that earlier billing cycle closed. I promptly paid the 1782 plus the 4084, and got charged interest again, the following month but they ve agreed to waive that 2nd interest charge.

    So is the $66.67 correct, approx? It feels like usury to me.

    Thanks for your feedback in advance,

    Connect

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    Credit reports available online for all consumers #my #credit #report #online


    #

    Credit reports available online for all consumers

    An agreement between the Department for Business, Innovation and Skills and the industry means consumers will now have easier access to their…

    An agreement between the Department for Business, Innovation and Skills and the industry means consumers will now have easier access to their credit reports. Continued free access to credit reports for victims of ID fraud and the financially vulnerable has also been secured by the government.

    Credit reference agencies and consumer groups have committed to work together to raise awareness of the importance of checking credit records.

    Consumer Minister Edward Davey said:

    “These are highly beneficial changes. All consumers now have easier access to their £2 statutory credit reports, with victims of ID fraud and the financially vulnerable receiving free access to their reports. These significant improvements will help consumers take better control of their finances.”

    Credit reports allow consumers to monitor their financial commitments by viewing, for example, what credit commitments they have outstanding and any late payments they have made. It is important as the information held on their credit reports may affect their ability to access further credit or get the best deals in the future.

    Previously, statutory credit reports for £2 were only available by post, which could take seven days to arrive.

    Peter Vicary-Smith, Which? Chief Executive said:

    ‘This should provide a quicker and more convenient access for consumers to their credit file, and could encourage more people to check their file more regularly. This is a welcome initiative in the battle against fraud and the elimination of faulty data.’

    1) Consumers have a statutory right to access a copy of their credit report under the terms of the Consumer Credit Act 1974. The charge under the statutory scheme for consumers to access their credit report is £2. This covers a proportion of the administration costs.

    2) In the July 2009 Consumer White Paper the Government committed to working with the credit reference agencies (CRAs) to improve peoples’ access to understanding of their credit reports.

    3) A case study from the credit report agency Equifax, which has been offering £2 statutory reports online since February 2010 can be found below. Both case studies are available for interview and can be contacted via Louise Fowler at Harrison Sadler on 020 8977 9132.

    4) Free reports will be offered to those referred by debt advice agencies, which Experian has done since 1996.

    5) The three credit reference agencies are online at:

    6) BIS’ online newsroom contains the latest press notices, speeches, as well as video and images for download. It also features an up to date list of BIS press office contacts. See http://www.bis.gov.uk/newsroom for more information.

    John lives in South East London and obtained a copy of his £2 statutory credit report online after fraudsters managed to open a bank account in his name and subsequently used this to set up mobile phone contracts, defrauding the mobile phone companies out of thousands of pounds.

    “Becoming involved in this sort of fraud was a real shock, you never expect it will happen to you. As I could look at my credit report instantly online it provided me with the reassurance and peace of mind that no other fraudulent activity was happening in my name. I certainly found the process of ordering my statutory report from Equifax’s website straightforward and convenient.”**

    A local government worker, John Lynch, from Walton, Surrey was thinking about getting finance for some home improvements. He was already aware of the role of credit information in the application process and had previously obtained a copy of his statutory credit report by post. He was, therefore, really pleased to see that Equifax was now offering access to his £2 statutory report online instantly – so he could check that all the information held on him was correct straight away and then get on with making applications for new finance.

    “It was so easy and convenient to access my credit report online for just £2. In the past I had ordered my statutory report through the post and whilst it only took 7 days that’s still a bit of a delay when you just want to get on with making an application for new finance. So being able to do the whole thing online – including accessing the report so that I could check that all the details about my current credit status were correct – was great!”

    Notes to Editors

    Contact Information

    Name BIS Press Office Job Title

    Division COI Phone


    RBS – Credit Card Online Services #online,services,management,credit #card,personal,banking,rbs


    #

    Credit Card Online Services

    Sign up

    It�s easy to sign up for Credit Card Online Services, and it should only take a few minutes.

    When you sign up, you�ll have to create your own login details. You need separate details for Credit Card Online Services and Digital Banking.

    You�ll get instant access to a limited version of the service. We�ll then send you an activation code by post. Use this the next time you login to Credit Card Online Services to get full access.

    Credit card only customers

    Sign up for Credit Card Online Services for our most comprehensive online credit card management service.

    More than one RBS account

    If you have an RBS credit card and another RBS savings, loan or current account, you can sign up for Digital Banking and Credit Card Online Services. If you don�t have an RBS credit card, you can still sign up for Digital Banking.

    Common questions

    What�s the difference between Digital Banking and Credit Card Online Services?

    Digital Banking puts you in control of many of your RBS accounts, including your current account. It also lets you carry out some everyday transactions on your credit card account.

    For example, you can view or download your transactions or pay your credit card from your current account.

    However, Credit Card Online Services lets you do more. You can:

    • Monitor your credit card � keep track of your credit card spending 24 hours a day, including up to date transaction and balance details
    • Receive free alerts � to keep you up to date with your credit card balance and when your payment is due*
    • Use your credit card for more � pay bills, make a balance transfer and transfer money to your RBS current account or any other UK bank account
    • Pay your credit card bill � make a payment from any UK debit card
    • Go paperless � with online statements you can see and download statements from the last eighteen months
    • Manage your personal details � update all of your contact details online.

    back to top

    Can I use my Digital Banking details to access Credit Card Online Services?

    No. To access Credit Card Online Services you will need to set up a separate username, internet PIN and password.

    Who can use Credit Card Online Services?

    To register, you need to be aged 18 or over and have an RBS credit card.

    What happens when I register?

    We�ll ask you to choose a username and create an internet PIN and password. You�ll need these details every time you login.

    As soon as you�ve chosen your username and internet PIN, you�ll have instant access to your credit card balance and transactions.

    We�ll send you an activation code within 7-10 working days. You�ll need this to activate your account and get access the full online credit card servicing management tools. To protect your security, we�ll send the activation code by post.

    How do I activate my account?

    When you receive your activation code, login and enter your code. You�ll then have full access to Credit Card Online Services.

    Need a helping hand?

    If you need help to complete your registration, just call us on 0345 301 6080 (Minicom 0345 3003699). Lines are open 24 hours a day, 7 days a week. Calls may be recorded.

    *Your network operator may charge you for texts received whilst overseas

    To sign up for Credit Card Online Services you need to have a RBS credit card and be aged 18 or over.

    Please note that system updates will mean that Credit Card Online Services is unavailable for short periods in the early hours of the morning

    Log in sign up


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