Debt Consolidation Credit Counseling In Phoenix

Credit cards have been one of the conveniences of banking nowadays in the growing institution of commerce. American Express, under their strictest standards, invites private individuals and businessmen whose income and credit ratings are higher than most of the ordinary cardholders, to avail the exclusive American Express Black Card which is officially known as the Centurion card. This card is the finest credit card (and most expensive) in the banking industry.

Centurion card offers direct access to a wide range of exclusive privileges and benefits, but in order to avail it, a certain criteria should be met. Aside from the necessary requirements, an applicant should pay an initial fee of $5000 plus the annual fee of $2500 for a total of $7500.

The black credit card started from a legend which states that American Express issued the black credit card to its cardholders; most of them are celebrities and well-off personalities, allowing them to avail high class products and services from high class establishments. The fact behind this rumor was the information card issued by the American Express to cardholders containing important American Express Travel numbers and hotel assistant services numbers.

It was also rumored that the black credit card enables the cardholder to buy anything in any establishments or avail of any luxurious services. Since it was just a mystery, the card never really existed and nobody ever really had it.

American Express used the rumors that had circulated about the black card that was so special to start the Centurion card in the fall of 1999. This card was only available to those who had the Platinum card and instead of being made of plastic; this card was made of metal.

American Express sends invitations to qualified cardholders. Once the cardholder is qualified to have met the criteria, he will then be invited to avail the Centurion card. For cardholders located in different countries, they can also be qualified as applicants by the American Express through sending the invitation. The Platinum card will serve as the exclusive "invitation only" Centurion Card that is electronically linked to the American Express.

When the Centurion card was first issued it had an annual fee of $1000 but it was soon raised to the fee charged now of $2500. The first person deemed worthy of having one of these credit cards was comedian, Jerry Seinfeld. Part of the reason for this may have been because he was a spokesperson for American Express.

The rumors about the Centurion Card continue to spread; one of these is about some exclusive stores that opt to close just for the sole shopping of one wealthy cardholder. There have been different rumors regarding the Centurion Card and its benefits; more rumors would still be possible to spread. And as rumors keep circulating the industry, the Centurion Card will continue to get more attracted applicants.

Credit card debt is not something that is unavoidable, and despite it being the cause of over a million bankruptcies every year, it is something that can be successfully avoiding with some simply home budget planning on your behalf. This is because many apply for and obtain credit cards without fully understanding the contract. Moreover, people with credit cards go on to spend like crazy without keeping track of expenses, miss payments, and get the shock of their lives when they have to pay annual fees, and as a result their debt increases enormously.

Many people are quick to blame the credit card companies for their dire situations, but it's about time that people take responsibility for their own actions.

Just one event of carefree abandon with the credit card does not usually result in high debt. What makes you accumulate a large amount of debt is when you continue buying with your card with keeping track of each expense. Hence, it's not difficult for anyone to reduce their credit card debt. The key is to be aware of how much you earn and spend less than that. It's easier to start reducing your debt over the long term once you have this concept in mind.

If you wish to achieve your goal, then you will have to use your won't power more than your willpower. It's important to figure out what you really need and decide whether it can be afforded according to your income, without forgetting to reward yourself with a luxury every now and then. You may have to focus a lot of effort on reducing and eliminating your debt, but you be pleasantly surprised how that effort will result in your debt falling.

At first, you will have some trouble sticking to your debt reduction plan, but rest assured, if you stay strong and willing, it will all be worth it.

After getting out of credit card debt, it's vital that you no longer return to old habits. If you want to end up victorious in this situation, it's vital that you focus all your efforts on your new spending habits. It's a bit similar to dieting, where you find that learning new habits is not an easy task, however, it's all worth it once you find yourself in a healthy financial situation.

Your financial problems can really be helped with good Home Budget Planning.... and remember don't spend money you don't have!

Due to the rapid growth of internet connectivity, people who are not having any idea of currency trade till then started showing their interest in this profitable market. People from different back grounds jumped in to the fray and started testing their luck. The vastness and depth of the forex market with a high profit potential made these players to stay in the market irrespective of their performance.

With the introduction of new traders from all parts of the world in which some people are more experts than the others, the need for stock option trading strategy is aroused. Along with the main forex market with increasing turnover day by day, new broking agencies are born to help the armature traders.

These broking agencies started developing different trading tools and kits to assist the new as well as established traders. Thus the birth of broker tricks taken place which ruled the forex market for quite some time. Trading techniques are developed by these broking agencies and are sold to traders who are desperately in search of some guidance during complicated trade.

The rapid growth of the currency market saw it touch and exceed the trillion dollar per day turnover. The estimated present turnover is more than 2 trillion US$. All this is driven by an excess of over 100 million multinational traders, with all ranges of success individually. In this climate, there is a definite need for stock option trading strategy.

One innovation due to the demand for new training tools is a software arobota known as Commercial Forex Expert Advisor. The beauty of this software is its ability, on behalf of the trader, to make a successful trade. This method is in common use in most trade markets. Its ease of use and success has made is a prominent tool in the trading circle.

Email courses and online training courses have also proven an invaluable tool to the fledgling trader. The marriage of online education and the currency trading market was inevitable, and many have taken advantage of the availability of remote education in online option trading. This is yet another way that trading strategies are being used to attract new players.

Iron condor, an advanced forex option trading strategy, has enjoyed increasing popularity among more seasoned high risk traders. The strategy consists of two vertical spreads, the Bull put and the Bear call. In this strategy, both spreads have the same expiration, number of put spreads, and number of call spreads. The trading strategyas resultant profit-loss graph resembles the shape of its namesake, the condor.

The main advantage in using the Iron Condor trading strategy is the potential for generation of more profit. The trader has more flexibility to change his option, even in the middle of the trade. However, a good trader makes use of many different strategies to see the highest return on their invested money.