Month: October 2019

Stop the Endless Flow of Credit Card Offers

If you are like the average American, chances are that your mailbox gets filled with offers from various credit card companies, with each of them sending you multiple offers constantly for their latest and greatest cards. While you may be “pre-approved” and “specially selected” for the offers in question, the truth of the matter is that if you already have a necessary amount of credit, these pieces of junk mail serve only to clog up your mailbox and further contribute to the wasting of natural resources. The following outlines some simple steps you can take to eliminate unnecessary offers from being mailed to you.

Have Fun At Their Expense

While this might not be the most effective way to remove yourself from subscription and mailing lists, one way to deal with spam is to fight back by sending your own. Many offers include a pre-paid postage stamp to be used to send back any completed applications. Instead of sending back a completed application, you can do what I do and find a large box. Fill that box with junk and heavy objects (I personally like to place rocks in it) and slap the postage label back on it. Drop them off at the post office and let the credit card company pick up the tab for it! Just remember to keep the total weight of any one package under 75 pounds (the maximum weight that can be mailed without freight options).

Contact the Credit Bureaus

Each credit bureau – according to federal law – can distribute pre-screened lists of consumers eligible for credit cards to all the major credit card companies. You can request to be removed from these lists by inquiring in writing to each major credit bureau (Equifax, TransUnion, Experian). There are also instructions in fine print on each credit card offer you receive; you may have to scan for the instructions, but they’re there. Normally people just throw out the offers without looking for a way to remove themselves from the list.

Opt Out Formally

Since 1990, there has been the option to “opt out” using a national database. You can either visit their website or call directly (1-888-5-OPTOUT) to file a formal request to be removed from these pre-screened lists. This service is operated by the main credit bureaus and filing with them should take care of the problem if the other methods above do not work.

Secrets To Get Low Interest Rate Credit Card From Current Provider

You probably have heard many times that to get the best credit card, you need to do intensive research. It could be done online or offline. However, the thing is that you should not settle for one prospect provider or accept what seems to be an attractive offer. By taking time to do research, you will save regrets after seeing that there are more favourable offer compared to what you accepted.

One of the primary considerations in choosing credit card is its low interest rate. It could be an introductory offer or it could be a seasonal offer. If you accept the offer taking into account other benefits of the card, then you need to stick to it as card hopping from one provider to another may ruin your credit score. But what if you saw that other providers are offering low interest rate credit card while you are tied up with higher interest in your current provider? Can you do something to lower the interest rate?

The answer is yes. With strong competition from various credit card companies, you as a customer become valuable to a company. So if others are offering low rates, it is possible that your company will also offer you low interest rate credit card as well. You can also ask or negotiate if your credit card company is not offering it.

You should have a good payment record. There is no better sign for the providers to give you low interest than when they see that you have been consistently paying your dues and fees.
You have favourable rapport with the provider. This does not mean that you should always be pleasing to the company even if you have to complain, or that you should comply with every bill even if it is questionable. This simply means that if you established a good relationship with your insurance provider and aims at working for the best of both parties, then you will be mostly likely to be granted with low interest rates.

What can Bad Credit Credit Cards Really Offer You?

Guaranteed approval credit cards are more known by many as credit cards for bad credits. The reason behind this name is that these credit cards are issued by companies easily regardless of the credit history of that person. You can acquire this card even if you have bad credit or you do not have any credit.

Most of the credit card companies issuing these bad credit credit cards would require security. One form of security would be an advance deposit in an account when you would sign up. This deposit will allow the issuers to gain access to a source of payment if you would fail in paying your debt as scheduled.

Obviously, the security deposit will define the credit limit of your card. A minimum range of $300 to $1000 or even higher is the usual security deposit.

Guaranteed approval credit cards will help rebuild your credit history, ?which is why it is very useful to those with bad credits. This card can be used to prove your credit worthiness if you will pay your monthly balances on time and remain within the credit limit.

Although you will be paying higher interest rates, this will allow you to resolve your bad credit. That is why you must take time in comparing the cards to see which one suits you. Ask for recommendations from other people or explore credit card reviews and not just sign up on the first offer that came through the mail. Make sure all the terms and conditions of the card are reasonable, including the fine print.

When I had my very first credit card, I had difficulty finding one that would approve my application. So, I asked myself if I should apply for a bad credit credit card. Although it is true that having bad credit and having no credit at all are two different matters, there are companies eager to approve individuals with no credit history.

If you have a cosigner, you can establish you own credit record. Your cosigner must have a good reputation and must be willing to vouch for you. It is best to look in your family or friends for a cosigner.

Lastly, if you still cannot acquire a credit card for yourself, then have a guaranteed approval credit card. Just make sure that the company would report your credit records to the major credit bureaus since this is the only way that you can establish your own credit history. You must know that this card will provide this feature before signing up.