Tag Archives: Thing

Do The Smart Thing Get A Prepaid Credit Card

Many wonder if they should get a prepaid credit card. There are many reasons people sign up for these cards today. Some like the convenience of using these cards. Whereas some use them to build their credit scores back up. In contrast, some use it for both these reasons.

The way a prepaid card works is that a person will sign up for a card, pay a small annual fee, fund it and start using it like a regular line of credit. There are no interest fees associated with the card as there would be with a standard credit card because the owner of the card has funded the card with his or her own money. The money spent with the card prevents the person from going into debt because they cannot spend more than they have placed on the card.

It is accepted in any place which accepts traditional credit cards, and also in ATM’s. This is therefore, a convenient card to use. The card however, helps those with bad credit looking to increase their credit score.

The credit score is very important because it is used to determine whether or not a person will be approved for a loan or line of credit. Also, it determines the amount of interest a person will pay on a loan or line of credit. The higher the credit score, the lower interest rate a person will have to pay. Everyone of course wants to pay the lowest interest rate possible.

People can maintain their high credit score by paying their bills on time. Also, people should strive to keep their available balance over sixty percent of their total line of credit. For instance a person who has a credit limit of ten thousand dollars on one account, should try not to charge more than four thousand dollars on that card in order to maintain a high credit rating.

But for those with a bad credit score, getting a traditional credit card might not be possible. For them, a prepaid card could be the answer. The prepaid card is tracked by the credit reporting bureaus just like the traditional cards.

The person who uses the prepaid cards regularly will typically build up good credit when they use it responsibly. The company that issued the prepaid card will see that this person is being responsible with his or her finances and is likely to report favorably on their credit report. In addition, the issuing company might be so impressed that they offer the person a traditional credit card as well.

People can choose from many card companies. And they should realize that even if their credit history is not perfect, they still need to be treated like a top notch customer by the card company. After all, the card holder turning their money over to this company and is not asking for a line of credit. The company that does not treat everyone with respect should be avoided.

The prepaid credit card is one way to spend money conveniently. And one way to build a high credit score without getting into debt.

Get the information about how you can get a prepaid credit card easy and fast. If you want to improve your credit score, using a prepay credit card will help you to achieve your goals more quickly!

Find More Prepaid Credit Card Articles

Why Filing Bankruptcy May Be The Best Thing You Ever Do – Part 1

Thoughts from a Maryland Bankruptcy Attorney

Home

This is the first of a multi part series. Too often filing bankruptcy is viewed as a failure. In a different way of thinking, a bankruptcy filing opens the door to a better life. In this series, Baltimore Bankruptcy Lawyer Ron Drescher explores various ways that filing bankruptcy may be the best thing a person ever does for themselves and their family.

In this part, Ron discusses the relief that filing bankruptcy brings by moving a debtor’s credit problems into their past and the sense of organization and control that comes with collecting all the documents necessary to file bankruptcy.

Thoughts from a Maryland Bankruptcy Lawyer

Ronald J. Drescher
Drescher & Associates, P.A
4 Reservoir Circle
Suite 107
Baltimore, MD 21208
(410) 484-9000
Fax (410) 484-8120
Rondrescher@Drescherlaw.com
http://www.Drescherlaw.com

FaceTime rondrescher@mac.com
Skype ron.drescher

Practicing in Maryland, Delaware, Virginia, Pennsylvania

Let me be clear. I think a Trustee brings a tons of value to the table when it comes to debt relief. Especially to those people with considerably more debt then assets..

But there are two major flaws when dealing with a trustee, watch the video and learn more
Video Rating: / 5