Reformed Credit Card Rules

Posted by Franc , Labels: , , Wednesday, October 28, 2009 9:05 AM

None of us have been unaware of the corrupt practices that credit card industry follows against its borrowers. Keeping this in mind the government has set some rules that every credit card company needs to follow. Under the reformed rules the companies will have to inform the creditors 45 days in advance regarding any significant changes to the terms that the company makes. The borrower has every right to cancel the account if he/she does not agree with the upcoming changes. The companies will also have to provide statements at least 21 days before the due date of the payments.

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How to make Best use of Credit Cards

Posted by Franc , Labels: , , , Friday, October 23, 2009 8:49 AM

Credit cards also known as plastic money were designed to make life convenient, simple and gave us the prospect to spend in emergencies. Credit cards made life easier for us as it gave us the option of not carrying cash everywhere. But the fact that you can buy things today and pay for them later has encouraged people to make wrong use of credit cards and has forced credit companies to make recoveries from the users. The best way to use credit card is to but only something that you already have cash for, in order to avoid any kind of inconvenience later.

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High FICO Score for a Good Credit Score

Posted by Franc , Labels: , , , Sunday, October 18, 2009 6:39 AM

Fair Isaac Corporation Score, better known as FICO is a term used by the banking industry to determine credit scores of the credit card holders. A good credit score reveals that you have been making all your repayments and loans on time and can be used to increase your credibility in the market. Whenever you visit the market with the aim of getting credit all companies try to determine the interest rate for you depending on your FICO score. High FICO score not only makes you eligible for all types of loans but help you save lots of money.

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What is Charge back and when does it Occurs?

Posted by Franc , Labels: , , , Tuesday, October 13, 2009 8:32 AM

A charge back is a process where an organization such as credit union, bank or building society that is responsible for issuing the credit card, charges a certain percentage of the disputed amount back to the merchant bank. The percentage of the charged back transaction may be a portion or the entire disputed amount depending on the case. Some of the common reasons responsible for a chargeback are: unauthorized transactions, non-receipt of documents required, items not received by the card holders, services not rendered and if the merchant ignores a cancellation advice.

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Tips to Avoid High Credit Card Interest Rates

Posted by Franc , Labels: , , Wednesday, October 7, 2009 7:52 AM

Many credit cardholders are suffering because of the increased credit card interests for unimaginable reasons. Consider these simple tips to avoid high credit card interest rates:
a) make sure to pay all your dues well in time, in order to avoid added costs. Please note that even if you are late by a single day you become eligible for late payments.
b) You should be thoroughly aware of the terms and conditions of your card, so that no one can take undue advantage of you.
c) if you are stuck with high interest rates for various reasons, talk to your credit card company and try to negotiate on as lower rate as possible.

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My Disclosure Policy

Posted by Franc , Labels: , Thursday, October 1, 2009 10:05 AM

This policy is valid from 1st October 2009


This blog is a personal blog written and edited by me. This blog accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation.

This blog abides by word of mouth marketing standards. We believe in honesty of relationship, opinion and identity. The compensation received may influence the advertising content, topics or posts made in this blog. That content, advertising space or post will be clearly identified as paid or sponsored content.

The owner(s) of this blog is compensated to provide opinion on products, services, websites and various other topics. Even though the owner(s) of this blog receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products. The views and opinions expressed on this blog are purely the bloggers' own. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question.

This blog does not contain any content which might present a conflict of interest.

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Financial Trading Strategies to Gain Profit

Posted by Franc , Labels: , , , 7:35 AM

If you are planning to invest big time into trading, then here are some strategies that you should follow to achieve profits. The first and foremost that a professional trader must do is plan a strategy based on financial status that can be used over a long period of time. The strategy should be developed by reviewing the historical development of stocks etc., and their importance in the future. Another thing that an investor should keep in mind in order to gain huge profits is to determine long term investment goals. In addition one will learn maximum in this field with experience.

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