I sit at my desk completely frustrated with Advanta. I opened up a business credit card with them 3 years ago and made a purchase of $6500 to help build my business credit for Rapid Recovery Solution, my Collection Agency. I have paid more then the minimum every month, on time. November 2008 I noticed that my interest rate seemed a little high. No where on my statement did it say the actual interest rate so I called the company. After 10 min or so I get a live rep on the line and they tell me it is 36.1%. Are they kidding, this must be a mistake. I have over a 750 score and never missed a payment. They said they sent me a notice in Aug that they are doing this due to a change in there lending methods. It turns out this is the second time this year they did this. I went from 8.99% in Jan 08 to 18.99 in Feb 08 to 36.1% in Aug 08.
There is no doubt that over the past years credit cards have become more important to people. Aside from being an effective way of obtaining credit, credit cards also make it easier for people to spend their money the right way.
Credit card is just a piece of plastic card with your name and some sort of a credit card account number attached to it. You might as well think that it is just a simple identification card if you have not tried getting one for yourself.
Every fall, as millions of students get ready to head off to college identity thieves lie in wait for them. Already significant targets, college students comprised more than a third of all identity theft victims last year. Identity thieves frequently target college students because they seldom take protective steps, because of the large number of individuals with access to their personal information, and because an increasingly aggressive credit card industry bombards them with free offers and easy-to-obtain credit cards.
With more customers switching to credit card payments every day, need for credit card processing software has stepped-up. Apart from Internet merchant accounts, there are other equally important tools that business owners use to help them accept credit card payments on their websites. Examples of these include software that helps in accepting and processing credit card payments.
A Grand Jury in Suffolk County, Mass. yesterday returned indictments against the president of a collection agency for allegedly stealing millions of dollars worth of excise taxes from the City of Boston.
As time progresses, more and more people are joining the credit card revolution. Yes, it really is a revolution. These days you no longer have to worry about how much cash you have in your pocket when you go shopping. So long as you have that single plastic card you’ll have enough ‘money’ to buy yourself a treat. You can even use your credit card to order things online from the comfort of your home.
Credit cards are indeed considered as one of the “miracles” in the financing industry, but it can also be considered as a “curse” when people who have availed of it are having debt management problems.
Currently there are a huge number of credit cards flooding the marketplace and even if you unfortunately have a poor credit history, you can still apply for a small number of them. Nonetheless, people who are finding themselves in a bad credit predicament will discover that Mastercard and Visa are the two financial institutions that are most likely to say yes to to issuing a card. Actually the decision is regarding which of these you should apply to first – a Visa credit card or a poor credit Mastercard?
Making a good credit grade is important in today’s society. This count tells creditors, employers and business concerns that a person is reliable and pays their accounts on time. This type of info is employed in all walks of life. You must have a healthy credit history, if you wish to purchase a car, buy a new home or even look for a new job.