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Repair Your Credit Rating With A Secured Credit Card
By Susan
Most people who have taken out a loan or use a credit card have credit rating. However, if you miss a payment or owe money to a creditor, the creditor will report this to a credit reporting agency Read more...
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Why Credit Card Companies Don't Want You To Understand Your Monthly Statement
By Andrew
According to research by Nationwide Building Society, over two-thirds of users do not know the order in which their payments are allocated to their account, when it comes to understanding their monthly statement. Most people elect to pay off part of their balance each month, rather than clearing the balance. When repayments are made to a credit card, items with the lowest interest rate are paid off first - known as an adverse order of payments. This means that lower APR transactions, such as shop purchases are paid off while high interest items such as cash withdrawals are left to accrue interest and be cleared last. Many experts believe that by applying payments in this manner, providers are making running a account more expensive for the card holder while generating more profit for the provider. The research comes after consumer watchdog Which? lodged a super-complaint on interest charges with the Office of Fair Trading which found that the top twenty providers use twelve different methods to apply interest rates to their customers' accounts, earning them at least £400 million a year. Furthermore, a recent announcement made by the Department of Trade and Industry intimated that from 1 October 2008, all providers would be required to draw attention to the order of payments they use - an announcement welcomed by Nationwide, who currently operate the
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Choosing A Credit Card In The Uk
By William R. Nabaza of http://www.nabaza.com/ecommerce.htm, Mon Jan 2nd
Credit card companies are all over the world and so are creditcards. Some of the credit card companies only offer cards to aspecific country or region that they are in. If you live in theUK, then Read more...
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Can You Get A Credit Card If You Have Bad Credit?
By Terry Langford
Getting a credit card with bad credit is harder than if you have good credit but it is far from impossible. Bad credit is nothing more than a slight hindrance these Read more...
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