Tips For Getting Your First Credit Card - Credit

Tips For Getting Your First Credit Card

Most of us get a credit card on our name when we go to college or when we
are in our senior years of high school and all of us stumble into the same
types of difficulties when it comes to finding an issuer and managing the
credit card. Most banks ask for a prior type of credit history that most
of the time lacks and for some type of warranty that we will be good
payers. It is true, finding the right issuer and building a credit card
history is not easy, but it can be done.

When you apply for a credit card the bank will usually ask you questions
regarding your previous credit lines. Most young people do not have any
type of credit history and this makes the banks unable to positively
respond to their application.

There are two things that you can do to go around this problem. One is
looking for an issuer with a special offer, as there are many banks that
offer credit cards for people who are just starting their first credit
line. It is true that you will not have an extended credit line at first,
but if you prove to be a good-payer and a loyal customer to the bank, you
are likely to receive more credit line in time.

If, however you cannot find an issuer that will give you a first chance
with credit lines, you will need to build a credit history yourself. You
can do this by getting credit cards from gas stations or from stores.
There are gas stations, as there are supermarkets and department stores,
which offer fidelity credit cards to their customers. Once you become the
owner of such a card, make sure to balance it wisely and after a couple of
months you can re-apply for a bank-issued credit card.

Actually, the most useful tips for those who get their first credit cards
now are not those about how to actually obtain the card but about how to
use it. Some happy card holders hit the shops as soon as they have the
little plastic card and spend much more than they can pay back. The banks
will never like that and there are no exceptions or grace periods only
because you are new.

All late payments count as bad credit and if you make such reckless
spending, you are in danger of having your credit ceased as soon as it was
approved. You will also be considered a "bad" client if you lose your
credit card or if you forget credit card information often. Avoid
carelessness when you deal with money and note down all the information
regarding your card and the transactions you have made with it.

Another good advice that all new card holders should follow is about
owning only one credit card in the beginning. This is a good idea because
it helps you get familiarized with the banking world, the card system and
it is also a test to see if you can balance money. After one year or so,
of good credit history you may apply for a second credit card; however, if
you've had payment problems it is wise to stick to that one single card
until you can correctly manage card-money.

It is always difficult for new-comers to break through in the baking
world, yet with patience and a bit of wits you can become the owner of a
new credit card. The difficult and tricky part begins when you start
balancing it. Keeping records of card information, of the transactions
made with it, remembering never to overspend or delay payments and
generally having a careful and wise banking-attitude will make you a good
client and a satisfied customer at the same time.

This article has been provided courtesy of CreditorWeb. CreditorWeb offers
great credit card articles available for reprint and other tools to help
you find the right credit card. You can also use our credit card
comparison tool to easily compare credit card offers from multiple issuers.

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Credit Card Companies Are Out for Your Money - Credit

Credit Card Companies Are Out for Your Money

You're probably thinking "Tell me something I don't know" but in this time
of low interest rates you might be thinking that you've got a great deal
since credit card interest rates are low. Wrong. Credit card companies
have a cutoff as to how low their interest rates will go.

So when interest rates are low for lending, that doesn't mean your credit
card rate will be low as well. If you don't know, or aren't sure, if your
credit card company has a minimum interest rate just look at the fine
print on your next credit card bill. If you can't read that small of
print, and most of us can't, give the customer service a call. If your
credit card company does have a minimum interest rate then I'd plan to
look around and go with the credit card companies that don't. Because when
the interst rates drop, you should get a break on your credit card rate.

The fixed rate on credit cards actually rose in the last twelve months.
Why? Because the credit card companies have been actually losing money due
to record numbers of delinquencies and bankruptcies. Those who can't pay
now for their purchases in the past are sticking their bill to the rest of
the credit card holders.

So you may think that you want to get that credit card insurance being
pushed by credit card companies that will pay your bill if you become
disabled or unemployed. Not so fast. The average payout on a credit
insurance policy is 30-50%. The National Association of Insurance
Commissions actually recommends a payout of at least 60%. Payouts for debt
cancellation and debt suspension is in the 1-3% range. That's definitely
not worth the premiums. Get enough regular life insurance and disability
insurance to cover your debt as their premiums are much cheaper and have
greater payouts.

Beware of a credit card company trick that I recently ran into. I mailed a
payment a week early but yet was still charged a late fee. Impossible I
say. I found out the payment had to be in the credit card company's
processing center by a certain time on the due date.

Think of my credit card payment making it's way through the mail, to a
P.O. box, then getting picked up, sorted, sent to the processing center,
opened and recorded. And this has to be done by a certain date on the due
date. Ouch. I suggest mailing in your payment at least two weeks early.

About The Author

Christine Breen is the owner of the website www.1stop-creditcards.com
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19,178 Identity Theft Victims Per Day - Are You One Of Them? - Credit

19,178 Identity Theft Victims Per Day - Are You One Of Them?

Identity theft statistics are shocking. And we are told that it will only
become worse, before it gets any better. Are you likely to be affected?

According to recent studies, up to 7,000,000 people become identity theft
victims each year, in the United States alone. That's over 19,000 cases a
day, or 799 cases an hour. Whichever way you look at it, these are
shocking figures. And with more and more people using the Internet, online
banking, and other hi-tech services, things aren't likely to improve any
time soon.

In fact, another research, a survey conducted on behalf of the Federal
Trade Commission recently, tells us that the situation is even worse.
According to the FTC survey report, 4.6% of the US population were
identity fraud victims last year - that's 10 million people.

According to the FTC figures, if someone fraudulently opens a new credit
card or another loan account under your name, on average you can expect
the dollar amount to go to about $10,200. That's just an average amount.

To clean up your name, and your credit rating, you will need to deal with
this experience. You can expect to spend between $500 and $1,200 of your
own hard-earned money cleaning up the mess. You can also expect to invest
between 30 and 60 hours of your time.

The above figures are just cold statistics. They say nothing about the
emotional trauma, through which you are likely to go when it happens to
you. It's all very well to read and hear about bad things that happen to
other people. It is quite different when the same thing happens to you, or
your loved one.

Is there anything you can do in order to protect yourself? There is. Quite
a bit actually. It's all based on common sense and, while there are no
guarantees in life, you will minimise the risk and make the life of an
identity thief a lot harder.

Funny thing about thieves. They don't like working hard. If you make it
hard enough for them, they will usually go away - to find an easier target.

One of the common-sense things you can do in order to protect yourself,
and your family, is to make yourself aware of the current scams that may
affect you.

The most infamous one at the moment is so a called 'phishing' scam. In a
nutshell it looks like this:

You get an email that looks like it was sent from your bank. They ask you
to log in to your online account and verify some of your details. For your
convenience, there is a link included right in the email. All you have to
do is click on it an log in. Don't ever!

The moment you click on that link and log in, the scam artists have your
login ID and password recorded. This will enable them to log in to your
account and within hours, or days, your account will be cleaned out!.

There are two common-sense approaches to deal with this.

First, you have to realise that your bank already has all the details they
need to operate your online account. If they didn't, you wouldn't be able
to open it in the first place. So, you can most likely quite safely delete
the email and forget about it.

Secondly, if you have any doubts as to the authenticity of the email, you
can get the bank's phone number from your local phone book and give them a
call. Tell them about the email you received and ask if they tried to
contact you. I bet they are going to be as surprised as you are.

And just remember: Whatever you do, never, ever, log in to your bank
account, or any other sensitive account for that matter, right from an
email. You already have the login link somewhere in your records. If not,
go to the bank's main page and look for an online login page.

What we covered today is just one of the things you need to do in order to
protect yourself from identity fraud. There are many more. Lack of space
doesn't allow me to cover more in this short article. You will find many
more tips at http://www.credit-report-a-z.com/articles.html. They are free
to implement and could save you lots of time and money.

Andrew Obremski is the owner of www.credit-report-a-z.com, a web site
devoted to information about credit reports, identity theft, debt, and
other personal finance topics.

Webmasters: Author's permission is granted to reprint this article,
provided that:

1. The whole article, including the bio info above, is reprinted intact.

2. All links are live and in pure HTML (no Javascript or redirection
allowed).

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Do you Know the Benefits of Checking your Credit Report? - Credit

Do you Know the Benefits of Checking your Credit Report?

Do you know why you should check your credit report?

Of course you do, because you have undoubtedly experienced one working in
your life!

No matter where you roam, your credit report follows you through life,
updating all aspects of your life: your employment, where you live, your
opened credit accounts, your closed accounts, your payment history, and
even public records on you.

In this country, a good credit history brings you benefits of all kinds--a
home mortgage, an apartment lease, an auto loan, or even more credit--with
ease.

Like a job resume, your credit file carries a lot of weight, that's why
you need to keep an eye on what it says about you.

Many options are cut off to you if you do not look "credit worthy" on
paper. A bad report can mean higher rates on loans and insurance. It can
also mean whether you get hired or promoted by a growing number of
employers who now use them in the evaluation process.

Even if you think you have a good credit standing and you pay your bills
on time, you still need to review your credit file for accuracy.

Studies have shown that credit files have an error rate as high as 70%,
often the result of simple human or computer error.

Sometimes these errors show you being late in paying your bills when you
are not. Your file might even leave out information that could sway a
decision in your favor. The most common error is where damaging
information of another person, with a similar name or account number, is
mixed into your profile.

Monitor your personal credit file so that you are alerted whenever
negative or derogatory items are reported against you.

A neglected credit file can lead to some major inconveniences in your life
in the future.

You should fix mistakes or remove any incorrect information as soon as you
find it. Errors that creep onto your report take time to correct. Catching
these mistakes when they occur helps resolve them faster.

When you improve your credit worthiness you can qualify for better rates -
which adds up to big savings for you.

Even if you think you have an unblemished past, checking your report lets
you know what a future lender or employer will learn about you.

If your credit report is less than perfect now, you can deal with
lingering problems effectively, and move towards a better credit standing
in the future.

A good credit rating means more money in your pocket and less out the door!

** Attn Ezine editors / Site owners **
Feel free to reprint this article in its entirety in your ezine or on your
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please send us a note so we can take a look.

Thanks,
Mary

(c) Mary Arce - All Rights reserved

Mary Arce is a consumer advocate and author helping Americans solve their
credit problems and save massive amounts of money on mortgage and credit
card interest. WHY are some people getting RICH managing their debt?

My email address: wealth@1st-wealth.com
Website: http://www.1st-wealth.com

Article is also available by email - send blank email to:
checkreport@1st-wealth.com

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the bills for that payment that was supposed to have been in months ago.It
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With identity theft statistics currently at an all time high, and
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can to protect ourselves.One of the most prevalent yet overlooked ways
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through the presence of Spyware on your computer.
Bankruptcy Myths Busted
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SuperCharged Secret 3, Credit Card Utopia
TURBO-CHARGED KILLER RATE SAVING INFORMATION!Let's just take a brief
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know 2 very important things:You now know how to take advantage of zero to
low interest credit card offers.You now know that there is safety in
numbers, and you know the magic "Who's Who" of the major credit card
companies.
Stop Struggling Because Of Poor Credit And Improve Credit Rating Now
Did you apply for a personal loan only to be turned down by a bank or
lending institution? Like most people there is always a need to borrow
money to buy a car or to renovate a home or even to get a student loan.
There are many reasons why people need a loan and lenders turn people down
from a loan application based on ones credit rating and credit score.
Credit Cards Can Help You Get Out Of Debt
Your credit rating / credit score is based upon how you have dealt with
credit previously. If you have always paid the full amount owing and never
missed a payment then your credit score will be high.
I've Heard About FACTA; What Does It mean?
What FACTA means is that if you, as an individual, lose the information on
anyone you have ever hired; or, for any business in the United States of
America that collects any personal information on people, if the
information should be lost due to not destroying the information properly,
then two things can happen. First, there are federal fines of up to $2,500.
Beat Credit Card Companies at Their Own Game!
Have you ever wondered how much money a credit card company makes? Have
you ever wondered how much of that comes from late fees? Everyone has and
if you haven't you should because most likely you own a credit card, which
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probably taken notice, credit card late fees are on the rise and have been
so for awhile.
Avoiding College Credit Card Traps
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friends have offered you all kinds of advice on how to make your
transition to college smoother - how to get along with your roommate, what
classes to take and which ones to avoid, where to find the best off-campus
food, and how to stay safe on campus.
All About Balance Transfers
What is a balance transfer?A balance transfer can be explained simply as a
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offer interest rate (usually 0%) for a set period. It does not have to be
the entire amount.
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things now and paying later.
Free Credit Reports - How to Maintain Your Credit Profile
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Equifax, Trans Union, and Experian.
Maximizing Credit Card Rewards
We spend money every single day on many different types of products and
services and the banks' newest offer is that of saving when spending if
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special credit cards. These credit cards are part of a wide offer and the
best thing to do is read as many bank-offers as possible before choosing a
particular card.
Which Business Credit Cards with Reward are the Best?
Thinking of applying for a credit card with a reward program to help you
and your business? Here is a brief guide to some of the best programs on
the internet.The Platinum Business Credit Card with rewards from American
Express is a great offer.

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Minimize your Risk for Identity Theft - Credit

Minimize your Risk for Identity Theft

Identity theft is the fastest growing crime in America. According to the
Federal Trade Commission, the number of identity theft incidents reached
9.9 million in 2003. These crimes are estimated to have taken the average
victim $500 and 30 hours to resolve.

From stolen credit cards to total identity kidnapping, these ugly and
prevalent crimes are hard to prevent and often difficult to correct.
Although it is hard to truly avoid becoming a victim of identity theft,
there are a few ways you can guard against this damaging crime.

1. Types of identity theft

Identity theft crimes range from purse snatchings to kingpin-style fraud
rings. The definition of identity theft is a crime in which an imposter
obtains key pieces of personal information, such as a Social Security
number, in order to impersonate someone else. Identity theft can occur
when someone takes your mail, steals your wallet or swipes your records
from an institution. Most cases can be resolved fairly easily if they are
caught early. Creditors and banks usually hold you responsible for only
the first $50 of fraudulent charges. The most serious cases of fraud can
take several years and many resources to resolve.

2. Preventative measures

In this world of smiling strangers, it can be tough to keep your identity
safe. The best security policy is to be aware of fraud and cautious about
where you share personal information. Check your account statements
carefully each month and keep an eye out for suspicious activity on your
credit report. A paper shredder can also be a powerful tool for making
sure personal information and pre-approved credit offers don't end up in
the wrong hands.

3. If your identity is stolen

If you suspect that your identity has been stolen, the first step is to
get all the facts about the damage. Become your own detective-search your
credit report and bank accounts for clues. Ask your creditors to
immediately cancel any fraudulent charges and consider putting a security
alert on your credit report. If the theft is serious, file a police
report. If fraudulent records start to show up on your credit report, send
letters of dispute to the reporting agencies with copies of documentation
supporting your claim. Signing up with a credit monitoring service will
inform you of changes to your credit. It may take a while to fully recover
the security of your accounts, but it's crucial that you don't let the
fraud escalate.

Get your credit report and score NOW!
(http://www.legalhelper.ws/credit-reports-online.aspx)

About The Author

Jeffrey Broobin is a free-lance writer on family and finance issues; his
main goal is to help people during their complicated period of life.
jeffreyb@legalhelper.ws

Website: http://www.legalhelper.ws

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