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Credit
Card Tips
Here's
some handy advice, we too often forget when tempted:
1. If
you're stressed out or depressed, don't buy items to make yourself feel
better.
2. Which
leads to the next point to reduce your budget in the area of credit
cards...Never carry a credit card! I guarantee it is not against the
law to be without one and the police will not stop you for "not carrying".
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3.
I can't think of anything worse than charging on a card unless its paying
for something you did not charge. If you charge, keep your receipt in
one place. Verify that the charges are correct by matching your receipts
to the credit card invoice. Too many reports are coming out that we do
not verify our invoices and erroneous charges are going undetected.
4.
Protect not only your cards (sign them immediately, have a picture on
it if possible), but the number. Shred trash with the number. Avoid giving
your number over the phone or Internet. Insure sales people shred any
manual carbons in front of you.
5.
Draw a line through any blank spaces above the total when you sign.
6.
If you move, insure you notify credit card companies even if you have
no balance. You might have your new card mailed to your old address. Notify
credit card companies IMMEDIATELY of a lost or stolen card.
And
thanks to Maryland Consumer Protection Division:
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Don't put your address and phone number on a credit card transaction
form. Under Maryland law [and many other states], businesses cannot record
or even request this information as a condition of accepting your credit
card.
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If
you pay by check, don't allow salesclerks to record your credit card
account number. However, they are allowed to see your card and record
the type (VISA, Mastercard, etc.) and the name of the issuer.
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Memorize
your PIN number (personal identification number) and don't keep it with
your card. Don't select a PIN that someone could easily guess, such as
your phone number or name.
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The
details of the credit card contract are usually in small print on the
back of the letter offering you the new card. READ IT before you sign.
Make sure you fully understand the terms of the credit card being offered.
You might be surprised at what you find.
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If you want to use a new, low-interest rate card to consolidate and pay
off your higher interest rate debt, find the card with the longest time
period for the low-interest offer. This will allow you enough time to
pay off your balance.
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Credit
card companies should disclose how long the "low-interest offer" will
last and what the interest rate will be once the low rate ends (usually
3 months).
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Most
of the higher rates are quite high _ typically 9.9 percent above prime,
or close to 19 percent.
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"Pre-Approved"--- Don't count on it. C.C. companies pay an agency for
your name. However, if your credit status has changed recently, you may
not qualify for the card you've been offered. Once you call to accept
the offer or send in the form, the credit card company will seek your
full credit report and determine if you qualify.
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Some
cards charge a fee to transfer the balances from other credit cards to
your new card. That could eat into anything you might save by having
a lower interest rate. This should be explained on the back of the offer.
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If
you paid for your goods or services by credit card, you have rights that
you don't have if you paid by check, money order or cash. The federal
Fair Credit Billing Act sets up procedures that require creditors to
correct mistakes quickly and resolve disputes between consumers and merchants.
Your rights are summarized on the back of your credit card statements.
I sincerely
hope one or two of these ideas and links can help build your 10% Accelerator
Margin. [Actually I hope you tear up your cards, but I promised to be
nice.]
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is an invitation to send our providers a loan application, not an offer
to make a loan. All applications are governed by applicable State laws.
© 2003/2006
Quick Payday Loans
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