Debt Consolidation Credit Counseling In Phoenix

When you have submitted your application for a credit card the card issuer will first examine your credit standing and will simply approve your application when they are convinced that your credit score is high enough to be meriting to be issued the card.

Some credit cards offer perks such as cash back credit cards rewards or bonuses for friends and family. Then there are discounts such as free home delivery on goods bought from the supermarket or, perhaps even better, cheaper petrol at the filling station. That'll be music to ears of gas guzzler owners.

While credit card fine print is notoriously dense and difficult to read, it is legally binding, and it is important that you read and understand this fine print before you accept a credit card which may have extremely onerous terms.

The first part of the credit card offer you should read is known as a Schumer box. This is a table with easily read and understood information about rates, fees and penalties. This box includes annual fee, annual percentage rate (APR) for purchases, APR for other purposes, such as balance transfer and cash advances, grace period for purchases, finance calculation method, and transaction fees. All credit cards must provide a Schumer box, all following the same format.

Two findings of this study are particularly important if you are a victim of identity theft. First, and perhaps most obvious, the sooner the theft is found out, the less severe the losses, both in terms of time and money.

No matter how many credit cards you have, and no matter what your credit history is, no matter how many payments you've made on time or not on time, no matter how many late fees you've paid or not paid, it doesn't matter. The standard advice from the experts is NOT to close any credit card account.

Keep in mind that just because you are paying less interest does not mean that you are home free just yet. You still have a debt that is costing you money every month. Try to get ahead of finances after transferring to low interest credit cards as soon as possible.

Don't forget the small print: When choosing a new credit card, it is vital to read the small print carefully before you sign anything as there are all sorts of hidden dangers lurking in wait for the unwary credit card holder.

When comparing credit cards, be aware of the annual fees charged. Some cards charge whereas others don't.

The worst thing a budding entrepreneur can do is to use their own personal credit card to finance their business. This makes it very difficult to separate business and personal finances and makes the businessman personally responsible for the debt.