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Credit Card Debt Reduction Tips: 3 Great Ways to Save Big

If you are suffering from credit card debt, you’re not alone. Credit card debt is growing at an alarming rate, as more and more people find their balances getting larger and larger. But you really can achieve significant debt reduction by following some very simple strategies.

The problem, of course, with credit card debt is that interest can accumulate rapidly. This can result in larger monthly bills, which can lead to late payments, which in turn can result in even higher interest rates.

This spiral can quickly get out of control. The key to achieving credit card debt reduction is to break this spiral and begin to pay down your debt. The following are three ways to do just that.

1. Never Pay a Credit Card Late Fee

Late fees have been increasing by leaps and bounds lately, and grace periods having been getting shorter and shorter. Make sure you always pay at least your minimum payment on time. If you are absolutely unable to pay even that, then call your credit card bank and alert them. You might be able to buy yourself some time.

If you are late with even a single payment by as little as a day, there is a very good chance the bank will raise your interest rate, often by 50% or even more. Over time, this can can add up to charges far more significant than the 30 or 40 dollar late fee.

If you do miss a payment, then make sure and call your bank as soon as possible afterwards. Many banks will waive the fee if you asks them to, especially if you have a valid excuse (like you were ill or out of town). But in any case, get them to waive the fee, for this will most likely spare you from having your interest date raised and possibly save you hundreds of dollars or more.

2. Get Your Credit Card Interest Rate Lowered

If your credit card interest rate is too high, call your bank and ask them to lower it. Odds are, you could find a lower rate elsewhere, and your bank knows this. So call their bluff. Tell them you can get or have been offered a lower rate, and ask them to match that rate. If they refuse, all you have lost is a phone call. But if your request is reasonable (don’t ask them to drop your rate to %5), there is a very good chance they will lower your rate.

3. Get a New Credit Card

If your bank refuses to lower your rate, simply search for a lower rate card and transfer your balance. There are plenty of banks out there eager to accept balance transfers. Furthermore, even if you have made some late payments, thus causing your rates to rise, the odds are your credit rating hasn’t been affected. Banks usually alert credit bureaus when payments are significantly late (by like 30-60 days). If your credit rating remains unscathed, there should be nothing stopping you from finding a card with a lower rate and saving lots of money in the process.

If you utilize one or all of these methods, make sure you use any money you save to pay down the balance on your cards. Pay off as much of your balance as you can, and in no time, you will be free from the burden of credit card debt.

Scott Russell is a writer, consultant, and editor of debtconquest.com, where you can find information on credit card debt elimination, bankruptcy help, and debt relief strategies.

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Best (and Worst) Ways to Use American Express MR Points

Amex Business Platinum: http://bit.ly/asksebby-platbiz
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We go over the best (and worst) ways to use Membership Reward points from American Express.

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Related videos:

Big Downgrade to the American Express Business Platinum Card: https://youtu.be/0Z2yO2FN8No

Is the 0 Amex Platinum Worth It? (Expected Value + Breakeven): https://www.youtube.com/watch?v=9R2K1GWOtgQ

SFO Amex Centurion Lounge: 5 AM Half-Awake Edition: https://youtu.be/RWeCWFQ2aCE

Amex Platinum Metal Card Unboxing + weighing it vs. Chase Sapphire Reserve & Ritz-Carlton: https://youtu.be/VDHMZa2yk3o

Big Updates to the Amex Platinum: 0 Annual Fee, 0 Uber Credit, and 5x Hotels: https://youtu.be/4BX8s57xb6w

How to maximize Amex Platinum travel benefits: https://www.youtube.com/watch?v=BuPwlAHi5Y0

Amex charge card vs. credit card: https://www.youtube.com/watch?v=VW-fJvMtRH8


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How To Rebuild Your Credit – 5 Easy Ways

Cannot just stay with bad credit for 7 long years. As an alternative, use these 5 easy methods to rebuild your bad credit to get more see http://www.yourbadcreditcard.net/how-to-rebuild-credit/

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Some Ways To Pay Off Credit Card Debt

Having to pay debt responsibilities is fairly tough, especially when you have got gathered a lot more than what you could manage to pay off. Getting the control plus the drive becoming effective at paying down your debts is very important. Listed here are several ideas that you’ll need to use note of if you’d like to pay off personal credit card debt.

Take note of your debts

To be able to pay back personal credit card debt, you’ll have to focus on what your debts tend to be. Even though it is hard to keep track of all of the debts you’ve got sustained, it is crucial you follow all your valuable transactions because it are also harder to deal with if you don’t. Getting into a situation wherein you’re unsure of how much cash you owe is quite easy if you have lots of charge cards and they are liberated to make use of them at any moment. You need to keep an eye on their interest prices and how much their minimal repayment is.

Focus on difficult debts

Prioritize the debts being the most challenging to pay off and which provide you with the most difficult time. They’re generally the debts that have the best rates of interest on them. Simple ways to pay back credit debt would be to try paying higher amounts so you defintely won’t be charged high rates of interest for a specific time period. Just be sure to pay the the least virtually any debt you might have.

Review spending

Make certain to pay attention to the amount of money you may be allocating for every thing. That way, it will be possible to reduce unnecessary investing. Couple this with spending promptly and you will pay off credit card debt right away.

There are lots of more standard ways to pay off credit card debt. Understand more about these guidelines, alongside debt solutions, then go ahead and go to Debt-Solutions-Online.

What Are The Ways And Means To Lower My Credit Card Interest Rate?

Why use credit card?

A credit card is nothing but a loan that is offered by a bank to a customer and the only difference is that it is in the form of plastic money rather than dollar notes. Any customer who uses his credit card for various purchases or drawing money from ATM’s will be required to pay the loan amount and the interest rates correctly in order to maintain a good credit history. But most of the credit card users are trying ways and means of finding out the various options by which they can lower their credit card interest rates. If you are also looking for possible answers to this question, then you have landed at the perfect place that will help you out in knowing the methods through which you can lower your credit card interest rates.

Good credit card rating

It is important for you to repay your minimum amount due and if possible some amount more than the minimum amount due in order to be in the good books of the credit card companies. If you have missed paying the amount due to the credit card company for more than one time, then you are not doing any good to improve your credit rating. Once the company is satisfied with the fact that you have a good credit rating and that you are repaying your dues on or before the stipulated time, the company might consider your request of lowering your credit card interest rate. Most of the credit card companies will consider your request for lowering the credit card interest rate due to the fear of loosing a perfectly repaying customer.

Comparison with other banks and balance transfer

It is always better to compare the interest rates charged by other credit card companies with the credit card interest rate of your bank or credit card company and if you find that the interest rates are lower in other credit card companies, you are the liberty of questioning your credit card company of the reasons for this high rate of interest and can also negotiate with the company to offer you interest rates at par with other companies or even a lower interest rate. If this is not working out, then you always have the option of transferring your credit card balance to 0% interest credit card Company that will not charge with annual or joining fees. But make sure that you clear all the balance dues to the bank before the expiry period of the card or else the renewal rates will be very high.


Whatever be the option that you choose to lower your credit card interest rate, it is important for you to make sure that you pay the minimum amount due to the credit card company within the allotted time and this will help you in maintaining the same credit card interest rate at all times. It is Important for you to analyze the options that are available in front of you to choose the best one that will help in lowering the credit card interest rates on your card.

www.interest.net is the best online source to look for interest rates for savings and interest on savings account, click on the link to know more about company’s services and special offers.

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Money Matters: Ways to Improve my Credit Scores

For those who are unfamiliar with what credit scores are these are ratings given by lenders to borrowers in terms of how much a credit risk they are. If a borrower is too much of a credit risk, they receive very low scores. What is the effect of these credit scores? As a borrower with low credit scores, you will have a harder time getting that loan or credit card application approved. If granted, you end up with higher interest rates and not so attractive payment terms. On the other hand, if you have high credit scores loan and credit card applications are approved faster. Credit lines are extended to you much more freely. You receive low interest rates and better payment schemes.

What are the ways to improve my credit scores? You are probably asking yourself that question. Well here are a few suggestions:

1. Pay on time! If you can, pay a little over than what is due. Little overpayments are carried over to your next bill payment. It helps that by paying on time and a little over your amount due, your next billing statement will show an amount that is lesser than the previous one. Some lending institutions or companies offer discounts if you pay early or on time. This could save you a lot of money in payments in the future.

2. Budget wisely. Make a weekly or monthly budget of your earnings and expenses. Make sure you set aside ample amounts for savings and bill payments. Failing to make a budget causes unnecessary expenses. If you budget your money wisely you will live comfortably and have little less worry about unpaid bills. Remember to stick to your budget!

3. Arrange a payment scheme with your credits so that you can pay what you can afford and pay it on time. Interest rates and payment terms are negotiable. You can always renegotiate with your creditors if you are having a hard time paying for your dues with your current loan agreements.

4. Avoid getting additional credit if it’s not necessary. Getting another loan to pay for a previous one could be the biggest mistake of your life. Creditors always look into your financial history. If they see that you miss out on your previous loan payments they will think twice before giving you a new one. It is wiser to settle all previous obligations first before getting a new one. That way you improve your credit scores and the chances of you getting a new loan application approved will be higher.

5. Review your credit reports every so often. It won’t cost you anything or will it hurt your credit scores if you do a constant review of your credit report. Reviewing your credit report will give you a better understanding of your financial status. It makes you aware if you are overspending or overpaying. There may be details in your report that needs to be updated or corrected. Inconsistencies in your report may show you that your credit line may be fraudulently used by an identity thief and credit purchases made against your name will greatly affect your credit standing. Report these inconsistencies immediately to the authorities.

These are my 5 ways to improve my credit scores. Follow these to the letter and you will have higher credit scores!

For more advice on how to improve your credit score, go to CreditScoreBooster.com. Let the experts show you how to raise your credit scores.

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5 Ways To Tell You Have BAD CREDIT

Join by texting kev to 646-891-4376 or visiting www.ecredithero.com/kev
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Welcome back once again to my NACA review/ information trip. We began with NACA in September 2015 with a dream of home ownership. You have found this movie since you have the same dream however could have bad credit, no credit or great credit yet not certain the place to start. Wheresoever you might be credit sensible,you is a homeowner!!! And NO you will not need place a crazy amount of money down, really NO DOWN-PAYMENT!!!

Something NACA? NACA (a nearby Assistance Corporation of The united states) is a non-profit HUD-approved community advocacy and home ownership membership organization. It works to help keep the United states imagine buying property obtainable and your family members alive and stop predatory financing. The procedure could be brief or lengthy, no real matter what, it’s worth it!!!! NACA will work to you!

I have a web link towards the NACA workbook together with site to learn once the next workshop are for your location. If you have any questions about credit and NACA be sure to go ahead and ask the following. Also, check out my various other videos and love, opinion and subscribe.

*i am going to upload even more video clip’s shortly on NACA and will update you-all on in which i am with my process. Most useful desires on your own trip. Keep in mind, it really is beneficial.

***EBATES is a another device that I prefer. We purchase every and every thing online and I have money back!!! I heart this device.

Have a look at www.budgetnista.com to discover techniques to save cash and lift up your credit score.

Signing up for your local NACA workshop:

NACA PDF workbook:
Webpage 38 about Credit
Page 18 10 measures to purchasing your home
Webpage 31 about Preliminary Budget Form
Webpage 45 about Cost Calculation
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Credit Rating Check: Top Three Ways to Boost Your Credit Rating

Your credit history is calculated by a credit guide agency. The agency will execute a credit score check by compiling information predicated on multiple sources, like the electoral part, monetary information and court public records. This information comes onto lenders who will use it to decide whether to provide money or what deals to make available to your customer.

Although some folks are provided bad credit ratings as a result of defaults on repayments or other questionable economic activity, other individuals cannot acquire good credit rating despite a consistently reliable financial history. Reasons behind this could easily include not having borrowed money prior to, providing too little proof to exhibit dependability, not being regarding electoral part and having moved house frequently.

If you’ve been offered a bad credit rating and want to improve it, you should check a credit history and ask for any blunders becoming amended. If there are not any errors nevertheless will always be registering a poor credit rating, you can start down with one of these three actions and you’ll shortly be on the road to a more favourable credit history check.

1) sign-up to vote

If you are instead of the electoral role, credit research companies is almost certainly not able to find you. Without being in a position to determine your credit score, banking institutions should be reluctant to lend and you’ll have trouble having the mortgage, loan or banking account you are after. In the event that you enroll to vote, you will then be from the electoral role. Which means that the companies can perform a credit score check into you.

2) Cancel unused credit cards

While it is advisable that you have credit cards if you pay-off the outstanding stability in full each month, having a lot of bank cards simultaneously can be harmful to your credit score. Cut-up and throw out any bank cards you don’t use as shutting these accounts, along with any unused lender records, might have an optimistic effect on your credit score. Once you’ve done this, contact a credit score company and let them know you have got shut the account to make sure it is often taken from your file.

3) spend your bills on time

This rule is applicable, as you would expect, to charge card payments and loan repayments, but also to virtually any other expenses. It really is advisable that you have utility bills within name because explains have a set target, which can be very good news for the credit rating. However, once these are positioned, it is essential to pay all expenses on time. Mobile, gas and power bills, for instance, tend to be kinds of credit so not spending these punctually will arrive about a credit rating check.

It could be beneficial to make use of direct debits to ensure the repayments arrive in time, this will probably also conserve money regarding expenses themselves. If you choose this method, always make sure there was money obtainable in your account to pay for the direct debits in the designated times.


various other important measures to just take feature having a landline, as this demonstrates to you’re protected and also at a set address, and making sure you complete your details correctly on any application form that will be about getting a credit rating associated loan, mortgage or account.

Credit alternatives helps you make a credit score check and gain guidance and information on how to enhance your credit score.

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The 3 Fastest Ways to Raise a Credit Score

Your credit make a difference many elements of yourself, from everything you pay for insurance to the price you receive in your mortgage. So it will pay to handle your credit and credit history.

Thank you for viewing this video clip on how best to develop credit and climbing the credit rating ladder. Building credit is essential for everybody to comprehend in financial education. Climbing the credit score ladder just isn’t something that is not difficult, nevertheless very important to creating credit. We have built credit over years and I also have actually climbed the credit history ladder and so I wish to provide my opinion on what its done!

Financial Knowledge
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Raising My Credit Score – 5 Ways

annual credit score
by Net Archive Book Images Your credit report follows you

any place you go: when you removal, when you alter jobs, when you request a brand-new bank card or get a new lending.

The big three credit score reporting agencies are Equifax, Trans Union, and Experian. They all use the same formula to determine your score, but every one bases the calculation on slightly various info about your credit report. Thus, your score from each agency is a bit various. These companies make numerous dollars every year by collecting this credit-related information regarding you and after that offering it to services as well as lenders that request it.

If your credit history is below 720, you have either a fair or a bad credit rating. This suggests you will certainly not certify for the very best prices on bank card and also loans. Fortunately, there are proven methods to boost your credit scores rating.

Here are 5 methods to raise your credit history.

Initially, you must examine your scores routinely from all three firms. You can actually obtain your credit report free of cost online as soon as every Twelve Month from each of the large three reporting firms. It is also suggested to subscribe to any variety of monthly on the internet credit reporting services that provide you normal updates each month. They will certainly likewise notify you of any kind of adjustments to your score.

The 2nd step to raising your score is to be certain to correct any type of evident mistakes in your credit scores record. There might be errors connected to your present mailing address, problems indicating you missed out on repayments that you really made, or incorrect fees connected to you that you never ever really made. You should battle then deal with each of these errors, one-by-one, by calling each of the large three agencies independently. Note: when you call a company, they could ask you to show evidence of the mistake. Currently, they might additionally need that you send copies of documents that verify your very own identification, such as a valid vehicle driver’s license or a passport.

Third, see to it you are paying all of your expenses in a timely manner. If for one reason or another you lag on your settlements, call each of your creditors and ask for an extension on your payment due dates. You could additionally occasionally be able to work out a lower minimal settlement for certain charge card or various other accounts.

4th, you could in fact boost your credit rating by opening up new credit cards or shop accounts. While this seems like monetary self-destruction for a person that currently has a reduced credit report score, having actually even more debt included you really enhances something called your credit-to-debt proportion. To puts it simply, the a lot more credit you have, the much better. Obviously, the method is that you have to not borrow against the newly-acquired financial debt tools. Tip: attempt to open up new accounts one at a time every 3 months or so, and be sure to watch out for cards with high annual fees.

The 5th means to increase your rating is to transfer all of your existing credit rating card equilibriums to your lowest-interest cards. This could conserve you $ 100s each month in lower financial debt settlements, which will assist you pay down your existing financial debt faster and also therefore assist elevate your credit report. Look out for high equilibrium transfer charges, yet in some cases even paying these may be worth it if it implies saving more cash in the red repayments.

Raising your credit rating can be among the most intelligent economic steps you make. Invest the needed effort and time boosting your credit history now and also delight in the long-lasting advantages of lower debt payments as well as the capability to certify for more types of lower-interest lendings.

Did you understand that a 50-point improvement in your FICO rating could save you,000 s in yearly financial obligation payments? Enhance your rating by as much as 249 points in 90 days with the Credit scores Keys Scriptures: www.Success-Junky.com