Reasons to Apply for a Guaranteed Credit Card

19 April, 2014 (05:00) | personal finance investment | By: admin

If you have credit that is not as good as it should be a guaranteed credit card can be very useful. It makes purchasing anything so much easier. Even something as simple as pumping gas is easier when you have a credit or debit card to use. And shopping online is almost impossible without some type of plastic. It saves you time with its convenient uses. These type of credit cards can be pre approved because you agree to the terms of the financial institution before it’s given to you. There are many numbers of banks or financial institutions whose goals are to help you get the card you need to fix your credit.

There are different types of guaranteed cards. Some require you to pay a set fee or established charges to get a charge card through them. You have no problem getting one of these cards when you agree to their terms. Often these terms and conditions are more in-depth than you think and include terms that the common person may not understand. You need to do make sure you understand what the late charges are and if there are any other charges, such as an application fee.

Another type of plastic cards basically uses your own money as credit. You deposit a specific amount of money into the account and it is on hold until you use it. As you make purchases the money is funneled into the credit card company. You use these funds to make your purchases. The amount paid into the card can vary from a small amount to large lump sums. Many companies offer the option of having your paycheck direct deposited into the fund or you can add money as needed when the account goes low. You can also let someone else deposit money on your behalf.

These types of cards provide a great service by helping you fix your bad credit. Just like regular credit or debit cards you can use them anytime and with any merchant that accepts your particular type of card. Credit cards are used worldwide. You can use them to book your hotel or buy your groceries. They make your life easier and you can use such a guaranteed credit card with ease and rebuild your credit at the same time.

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If you want to know more about credit cards, try visiting reloadable credit cards to get more tips how to find free prepaid Mastercards.

Understand The Technicalities Of Credit Cards

18 April, 2014 (01:05) | personal finance investment | By: admin

What are offshore cards?

Cards issued by offshore banks are called offshore cards. Offshore banks in this case are banks that lie in areas that are outside the jurisdiction area of the holder. Real offshore cards, especially unsecured ones, are hardly available to the common man.

This because banks do not issue such cards to common people as such. This is because if the card is issued to a person offshore, it cannot be ensured that the card issuer will receive its money back. Hence, such cards are issued to only those people that banks trust and have a bankable credit history.

What is the interchange fee?

An interchange fee is the fee that the acquirer bank, i.e. the merchant’s bank pays to the customer’s bank, i.e. the issuing bank.

When a transaction is undertaken, the issuer deducts the interchange fee from the amount it pays to the acquirer bank. The acquiring bank then pays the amount to the merchant after deducting the interchange fee and another additional fee from it.

Interchange fees are generally set by networks and are a major component of the fees that merchants pay to their banks for availing the advantage of accepting plastic.

What are the different types of fees charged by companies?

There are a number of fees that a issuer charges to the card user. A fee is charged on late and/ or overdue payments by the user and/ or in case the card limit is exceeded. Fees are charged in case a cheque fee is returned, fees are charged on cash advances and also on convenience cheques. Some issuers also charge fees for transactions involving foreign currency.

Most issuers also charge an annual or monthly membership fees. It is generally a certain percentage of the card users credit limit.

It is an important requirement for issuers to show these fees in the customer billing statement so that can be kept informed about the fees they are being charged.

How to reward programs work?

Many credit issuers provide their customers with rewards for using their cards. Interestingly, these rewards typically depend on the purchases made by the card users. These rewards maybe frequent flyer points, cash back incentives and various gift certificates as incentives to use the card. Flyer points can be redeemed up until a certain period of time in exchange of certain gifts, previously determined y the card agency.

It is required however to avail some service on the card to earn such rewards. These services however, are not inclusive of transfer of balance, cash advances or any other special use of the card. Find out about the Wizard and IMB Credit Cards.

What are the different numbering systems in a card?

Card numbering is an interesting card procedure. There various different numbers seen on cards. Numbers seen on cards follow a certain, fixed internal structure. They also a follow a common numbering scheme.

The Bank Identification Number seen on cards is called the card number’s prefix.

It consists of a sequence of digits. The numbers in the beginning of this sequence represent the bank the card determines, and the rest represent the individual account number. Finally the final digit is a code to check the validity of the card.

Other than this number, the card carries certain extra codes like security codes and issue numbers. And it also contains the issue and expiry date of the card. It must be remembered that all cards do not have the same number sets or the same number of digits on them.

About the Author

Credit cards are serious business. Make sure to get the best deals. Visit Wizard and IMB Credit Cards on

PrePaid Credit Cards’ Features

16 April, 2014 (20:04) | personal finance investment | By: admin

Technological advances have been made in prepaid mastercards which give them features not seen in standard credit cards or cash cards. In this article we will go over these advances, and how they make using pre paid credit cards simple and convenient.

Because prepaid credit cards do not come with a credit line, customers can load money onto the card through ATMs or at online websites. From here money can be moved to a paypal or checking account. Some services still allow folks to scribble a check in order to have the funds loaded onto their cards.

More latest advances in this technology have authorized people with cell telephones, laptops, or other wireless devices to receive payment alerts about transactions which have been completed. You may also keep control of your line of credit using these devices.

When employing a pre paid Mastercard you don’t have to balance it the way you would balance a checkbook. The balancing is done in real time and can be viewed through the Net or phone. This technology is allowing folks to switch the way they spend and manage money.

Many people are becoming aware of this technology since many companies are starting to use prepaid visa cards as an alternative to sending out standard checks. Once employers begin using prepaid visa cards to pay their employees they can save big quantities of cash on check printing costs and other expenses.

Folk are starting to see the advantages of electronically transferring and receiving funds. People will be able to avoid the high check cashing charges that for too much time have been charged simply to cash your own checks. Pre-paid cards are revolutionizing the way that folk conduct business.

Our society beginning advance closer to being cashless. There are both good points and bad points to this that folks need to be conscious of. While using prepaid visa cards to make purchases and transfer money is handy cyber thieves are also anxious to start defrauding and taking cash from folk.

It is always best to use your pre-paid ATM card in safe locations, and keep an eye on all you transactions. If you see something on your account that looks bizarre or out of kilter, instantly report it. If your card is ever missing, cancel it as soon as possible.

Nobody wants to become the victim of fraud. Maintain a record of your costs and if something looks suspicious, it likely is.

About the Author

Bob Hall has been teaching credit card debt relief at ,
an information site regarding 0 interest credit cards

How Prepaid Credit Cards Will Make Online Shopping Safer

16 April, 2014 (03:03) | personal finance investment | By: admin

Shopping in the worldwide web has become a very popular way to purchase items of all shapes and sizes for all sorts of purposes. Even medicines could be purchased online nowadays. This further boosted the popularity of credit cards as a mode of payment. This little plastic card has become a necessary part of everyday life. It could also be very easy to abuse it. Such temptation to just keep on shopping and charging your purchases on your card without having to worry about whether you have the money or not might just be too strong to resist. It is very easy to overspend and get deep in debt with credit cards.

Those who lack the sense of responsibility and accountability for their actions are liable to fall into the debt trap. In fact, there are studies that show a growing number of card holders in their 20-something who have already filed bankruptcy due to credit card spending. One recent innovation that helps keep spending at bay is the prepaid credit card. This type of plastic is especially handy for those who shop online most of the time.

It is a cross between a credit card and a debit card. It is used much the same way as a regular card when you make a purchase. But, the maximum amount you can charge is limited by the amount of deposit you make in your account. This way, you do not overspend and you do not have to deal with the interest rates. You also do away with the late payment fees since you have already pre-loaded your plastic. Generally, these type of cards are accepted in most establishments both online and offline. Auto-charge facilities, however, for purchases or services that require regular, recurring payments are not available with this type of plastic.

Another advantage is its relative safety when used in online shopping. Credit card fraud and identity theft cases have made people cautious about using their them for purchases over the internet. If online shopping is all that you need it for, you can maybe choose to get a virtual prepaid card. Just like your physical plastic card, you have to load it up with cash before you can use it. The only difference is that you do not get a physical card with a virtual card. The added protection that these virtual cards could give you is the limitation as to the amount of data that could be transmitted.

You can apply for a such a virtual card account online. Once you are approved, you get an account number that you can fund with a deposit that is also done online through your regular plastic card, a debit card, or other payment facilities like PayPal. With your loaded account, you can now click away and do your shopping online with having to wrangle with crowds or wait in line at the cash out counter.

About the Author

Learn more about reloadable credit cards and how to use a free prepaid Mastercard.

The Basic Concept of Credit History

15 April, 2014 (08:20) | personal finance investment | By: admin

How does credit rating and credit history word? We have always heard of terms such as credit history. We are told that if we do not behave well, repayment of credit wise, we will have a bad credit history. And this is supposed to be a very bad thing. But what it does credit history all about?

In this article I will be introducing you to the basic idea, not the technical details, about credit history. Imagine that I am a lender. I’ll lend money to people. In return I on my income from the interest that people pay me on the money I loaned to them.

I find that some people are really good and responsible. Not just to the repay the loan in time, but they also pay the interest at the pre-decided rate of interest.

But some people are bad they are irresponsible. They do not care about the commitments and obligations that they have already made. They borrow money, but at the time of repayment do not have the this possibility are character make the repayments. Let alone the interest that they owe me, they go so far as to not even repay the principal.

As a lender, it is these bad people that bother me. I wish there were some mechanism by which I could distinguish the wheat from the chaff, the good from the bad, the people who intend to repay my money from the people who do not have the character to repay money that the owe others.

Think of a credit card issuer. This credit card issuer is quite unlike the money lender that I just described. This company, financial institution, or bank allows you to purchase goods with the swipe of a plastic card, with the belief that when the time arises you will retake the issue of their money. After all the issuer has to pay the merchant the money that you have already spent by borrowing it from the issuer. As a result if there are some people who do not make credit card payments on time, it halts the credit card issuer a lot. They lose business, they lose money, and can go so far as to lose its solvency and go bankrupt.

This is where the concept of credit history comes in. Credit rating agencies, keep track of all the expenses and repayments and buildings often radiate a credit card holders so that when the need arises to evaluate such a world or, they can do it on the basis of the track record and history. How do these credit rating agencies get all the information that they need? Quite simple, it is required by law, as well as by common sense, as well as by good business practices, that credit agencies, money lenders, financial institutions, such as Commbank and Commbank Low Fee Credit Card, and others who lend money report their billing and every payment experience with these borrowers.

On the basis of this history and information, the credit rating agency evaluates whether you have a good credit history or a bad credit history. Lenders, credit card issuers, and probably I, will use this credit history to decide whether to loan you money.

About the Author

If you want to find out more about great deals on credit cards, make sure to visit Commbank and Commbank Low Fee Credit Card on

Benefits Of Financial Planning

14 April, 2014 (06:49) | personal finance investment | By: admin

Most of us are aware of the term ‘Financial Planning’ but only a few of us are able to understand the real meaning of the term. Financial planning actually involves a formal process which includes constructing the perfect way for financial goals and objectives which takes into account the assets of the business or the individual, liabilities and the credit standing as well. Good planning is essential for both businesses and individuals and it is concerned with the aspect of taking control of the financial accounts as well as taking the advice of experts or of the counsel regarding matters of real estate so that the right decision regarding insurance policies and evaluation of stock options is taken.


As financial planning is performed both for the individual and for the business, this aspect involves taking into consideration of the tasks and activities at both these levels. Firstly, there is the aspect of checking the budget for household expenses; starting savings account for retirement funds and all these aspects needs to be taken care of at the individual or the business level so that sufficient cash flow is ensured and you can make decisions regarding your investment plans.
You require the expertise of a reliable planning professional so that you can make relevant decisions regarding the allocation and the management of money. Financial planning plays a pivotal role in the assessment of financial standing which allows for the allocation of financial assets in the best manner.


Financial planning becomes necessary in the lives of all those people who have managed to earn significant portion of wealth and assets especially in the form of liquid assets and planning of the finances will help in outlining a healthy financial future so that you can take benefits of the investments and stock options.


How does financial planning start off? The planning of the individuals or the business’s finances starts from the financial analysis of the company or the individual and eventually a statement is issued out which emphasizes on the assets and liabilities and concludes by stating the net worth of the business. It is the work of a financial planner who will make the respective recommendations regarding retirement planning, education funding and insurance policies which will be the most suitable for the client.


Most people benefit from a financial plan and for this purpose, the services of a professional financial planner is required at certain times. Some of the most important advantages of making use of financial planning are to work hand in hand with a trusted advisor, analyzing risk tolerance, eliminating the risk during financial crises and to prevent the occurrence of the financial crisis in the first place.


Many of the banks and financial bodies are known to provide financial planning services to customers for free which acts as a great boon to them. Many consultation bodies offer financial planning to their clients for free of charge and it is mostly the private firms which charge their clients for the financial planning services which they offer.

About the Author

Billy is Director Of Content for LeadsByFone, a marketing and lead generation company servicing the flood damage and restoration industry.

Why is Personal Finance Education Important?

13 April, 2014 (05:32) | personal finance investment | By: admin

Credit card and personal finance education on the agenda in NJ

New legislation in New Jersey’s state government would require personal finance education including a variety of detailed explanations on credit and debt terminology and consequences for card applicants.

The bill sponsored by New Jersey state Senator Barbara Buono and passed unanimously by the Senate Commerce Committee would require lenders to register with colleges and universities annually to announce their presence on campus.

The bill would also inhibit lenders from offering a slew of freebies to young adults that sign up for a credit card.

Buono commented on the importance of personal finance education saying, “Promotional sales gimmicks and students’ own ignorance about the factors playing into their personal credit and credit card debt result in many young adults getting in way over their heads. By informing them of the facts and eliminating sales gimmicks, we can hopefully empower students to make better credit decisions.”

As the bill moves through the full senate, the Philadelphia Inquirer is reporting that campus officials generally support the measure.

Rowan University spokesman Joe Cardona hailed the bill as important legislation. At Rowan, credit card companies have been banned from on-campus solicitations for over 10 years, reports the Inquirer.

Uptick seen in personal finance education

Attendance at personal money management classes is up both in the classroom and online, but why is personal finance education important?

The Wall Street Journal is reporting significant increases to personal finance education and “financial literacy” classes that are hosted at local community spots, universities, and online from educational institutions like MIT.

Some people hoping to learn about the effects of the credit crunch, the status of the real estate market, and economic theory are apparently turning to OpenCourseWare financial tools which are much like a virtual class to learn the importance of personal finance.

Lecture notes, study guides and exams are available from this online offering of more than 180 business and personal finance education classes from nearly 250 universities globally.

High school students are also taking more personal finance education classes as the economy increasingly impacts how they will handle credit decisions in college and their plans for future careers.

Schools across the nation are reportedly realizing the importance of personal finance and making personal finance education courses and know-how a top priority.

About the Author

This article is brought to you by Allison Tomek for offers credit reports and monthly and annual credit monitoring services to help prevent identity theft.

No Credit Check Loans – In Brief

12 April, 2014 (06:53) | personal finance investment | By: admin

Have you heard about no credit check loans but were not quite sure of whether they would suit your requirements? Here is some information that will help.

Anyone who has a bad credit record would have heard about no credit check loans. However, not everyone is clear about the facts related to the amount of loan that can be availed, how to apply and other related information. Here is a brief run down on these loans.

What are no credit check loans?
They are short-term unsecured loans that are given to people who do not have an alternate source of finance, such as personal loans from banks for meeting an unexpected expense. Any form of loan from banks, usually involves checking the credit record of the person and collateral is asked for if the bank is doubtful of the person’s repayment capacity.

Can anyone apply for no credit check loans?
A person has to meet certain requirements in order to get a no credit check loan. These include:
• Being of legal age
• Being a citizen of UK
• Having a regular source of income
• Having an existing and working bank account under his or her name

What is the application procedure for getting no credit check loans?
If a person meets all the eligibility criteria, he can file an online application for the loan. The application form collects information such as:
• Name, address and email
• Country of residence/citizenship
• Employment status and monthly income
• Loan amount, type of loan and purpose of loan
• Bank account information

Once you submit the application form online, you will receive a confirmation on your email address when your loan is approved. This usually happens in about 30 seconds. The loan amount is credited to your bank account through an online transfer within a few hours and you can withdraw cash instantly.

When should a person opt for no credit check loans?
A no credit check loan carries a much higher rate of interest compared to personal loans or unsecured loans from banks. You can be charged interest of around £25 for each £100 that you borrow. While this may seem all right for a small amount, for an amount of £1000 you could end up paying £250 as monthly interest. While 25% may not seem significant, bear in mind that if the loan is not repaid within the month, the interest gets compounded and can go up to an APR (Annual Percentage Rate) of over 2000%.

Hence, these loans should only be used if you are confident of your ability to repay them within the minimum time period as otherwise the interest could multiply beyond your expectations. no credit check loans are best for short term financing of less than a month or until your next paycheck arrives.

About the Author

Steve Hill is a full time writer with a particular interest in finance products and loans. Over the years he has written a broad range of content to help people understand and take advantage of no credit check loans to the people in UK looking for such loans.

Save up to $4 on Benefiber

11 April, 2014 (01:35) | personal finance investment | By: admin

You can greatly save a lot when purchasing Benefiber products with the help of Benefiber coupon. This dietary fiber supplement has different uses on human health. It is advisable to know the reason why you should consume foods rich in fiber. On daily basis, an adult should eat an average of 25 to 38 grams.

Benefiber coupon is a product from Novartis and is made of wheat dextrin that is a natural fiber. It does not change the taste when added to foods and is very soluble to non-carbonated drinks and soft foods. It is available in powder form, which you can add to warm or cold drinks such water, juice or yogurt. Since it does not have taste, you can powder Benefiber when you are cooking and it will never alter the taste of the food. However, if you want Benefiber with sweet taste you can have it. Flavored stick packs are other forms of Benefiber with sweet tastes. They are available in flavors such;

Raspberry tea
Citrus punch
Cherry pomegranate

The main aim of purchasing Benefiber coupons is to save as you also benefits on its elements. Therefore, it is very important to look for places where you can get great coupons. You are also supposed to decide on what types of coupons you require. Either coupons can be available on specific products offers or particular store offers. After making a reliable decision, you can now use any search engine and look for coupons online. You will get many results of Benefiber coupons. You should be careful not to select fake coupons. Compare coupons from different websites and determine what they are the facts about tem. Concentrate on recommendations from websites.

The exact place where you can get genuine and valuable Benefiber coupon is from the official Benefiber website. On the website, special offers are there where you can access special discounts and promotional product offers. Examples of Benefiber products that are cheap include;

Chewable Benefiber
Caplets Benefiber
Powder Benefiber

On the internet, you will find printable Benefiber coupon, which you can print using special coupon printer. You can also obtain coupons from famous web pages of forums. On the forums, subscribers post important information on specific Benefiber coupons offers. When you register and provide your valid email, you will receive free sample of Benefiber and periodic information concerning Benefiber coupons and products. I hope you have enjoyed the article, to leave you with one last word just remember there are millions of coupons for every product you just need to look.

About the Author

Do you use benefiber on a regular basis or our thinking about starting. If so be sure to check out these Benefiber coupons. They can save you up to $4 off I’ve also found this Benefiber coupon that will save you $2.

Can I Be Responsible For Someone Else’s Debt?

10 April, 2014 (17:18) | personal finance investment | By: admin

With an estimated 20,000 new cases of debt repayment problems coming to light each month, should other family members be worried that they will be left responsible for unpaid debts?

According to the Insolvency Service, over 10,000 people each month are formally declared insolvent and unable to pay their debt. With so many new instances of debt repayment problems occurring, many people are worried that they may be liable to pay debts left by family members or others who are known to them.

In general, there is no need to worry about becoming responsible for paying someone else’s debt. Legally, debts are only owed by the individual who borrowed the money. As such, if your husband, wife or anyone else you know has taken a personal loan, credit card or any other form of debt in their own name which they are subsequently unable to pay, you cannot be made liable for this.

What if my spouse is in a debt management plan or IVA?

If an individual formally declares that they are unable to repay their debt and undertakes a debt management plan, individual voluntary arrangement or bankruptcy, this will normally mean that some or all of their debt will never be paid. In such a situation, the creditors are unable to ask any third party to make good the debt.

It is worth noting however, that if debt repayments are missed or debt remains unpaid, then this situation will be recorded on the debtor’s credit file. If you live with someone you know has debt problems then it is possible that the entries on their file will become mixed up with yours. The result will be that your credit rating may be affected. However, it is relatively easy to resolve this problem by contacting the credit reference agencies.

What if my spouse’s IVA fails?

Liability for debts is still unable to pass to someone else even if the person who owes the money enters into an individual voluntary arrangement which then fails. The only time when this type of event could affect a partner or other family member is if there is a property involved.

If an IVA fails, then as a result the person who took out the arrangement could be declared bankrupt. If they are a joint owner of a property, this may then have to be sold to release their share of the equity so it can be paid to their creditors.

Can a third party ever become liable for someone else’s debts?

Debt in joint names – It is possible to borrow money in joint names. This means that both parties agree to borrow the money and both are jointly liable for the debt. If one party is unable to continue to pay towards the debt, the other remains responsible for the payment of the whole debt.

Personal guarantee – There are occasions when a bank will not let an individual borrow money unless a guarantee of repayment is given by a third party (often a spouse or family member). If a personal guarantee has been given and the person who borrowed the money then fails to repay it, the bank will turn to the guarantor for repayment.

Nevertheless, in the absence of a joint debt or personal guarantee, it would extremely unlikely that a third party would become liable for another’s debt or otherwise effected by it.

About the Author

Steve Jackson is a debt adviser from in the UK. For more quality and unbiased information on Personal Debt Solutions, visit our website at