Best Credit Cards for Rebuilding Bad Credit

post — Betty Denney @ 8:21 am — post Comments (0)
postJanuary 20, 2012

It’s tough getting a new credit card when you have bad credit. Many credit card issuers won’t approve your credit card application because of your negative credit history. It makes rebuilding your credit score difficult since you can’t get new, positive information added to your credit report.

Fortunately, there are a few credit cards out there that will approve your application despite your bad credit. Some are regular credit cards and some are secured credit cards – those that require a security deposit. Even if you have to get a secured credit card to rebuild your bad credit, it’s better than having no credit card at all. Find credit cards for rebuilding bad credit.

Cash registers keep ringing

post — Betty Denney @ 12:57 am — post Comments (0)
postJanuary 13, 2012

This week will be a big one for investors, policymakers, home loan customers and first-home buyers as the Reserve Bank of Australia (RBA) prepares to make its next decision on whether to lower interest rates again.

But the Sydney Morning Herald reports that while one eye will be focused on the RBA on Tuesday (February 3rd), many people are apprehensive about official data out on the same day which could show that the country has slipped into a recession.

Speaking to the paper, a panel of experts said that the RBA is likely to pull down interest rates to an even three per cent, an event that is likely to be met with some joy among those looking to compare home loans and get on the property ladder.

Those on a variable rate home loan will also see their average repayments fall, which may make a possible recession slightly easier to bear.

It may also prove an opportune time to compare home loans and lock yourself into a fixed rate deal after some experts warned that the RBA is running out of room to make further interest rate cuts.

Average Credit Card Rates in December 2011

post — Betty Denney @ 7:51 am — post Comments (0)
postDecember 29, 2011

Average credit card interest rates for consumers and businesses changed during the first half of December, 2011 despite a stable US bank prime rate of 3.25%.  Not all credit card interest rates are directly linked to the prime rate and there are a variety of reasons why the average credit card interest rates might change even with a stable US bank prime rate.

December 2011 Average Credit Card Rates

In December, the difference between interest rates for individuals with good credit compared to individuals with average credit narrowed, dropping between a half a percent to 3.57%.   The overall average interest rate for all credit cards is 16.71%.

The only category of credit cards which did not change their average interest rates this quarter are business credit cards.  T

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Gift Card Fees: Protections and Exceptions

post — Betty Denney @ 4:01 pm — post Comments (0)
postDecember 17, 2011

The gist: Know the law and avoid gift card fees this holiday season.

Gift cards—a safe bet or a lazy gift? Whatever your stance, you’ll probably come in contact with one or two this holiday season. Whether you’re giving or receiving, avoid unexpected fees by familiarizing yourself with what issuers can and cannot charge.

Customer protections

Recent legislation prohibits the expiration of gift cards for 5 years after issuance. Service and inactivity fees are also prohibited for the first year. Once that year is up, the issuer may charge one fee per month. Basically, if you use your gift card within a reasonable amount of time, you’ll be okay. HOWEVER, there are exceptions.

Exceptions to your protection—fees to watch out for

Standard purchasable gift cards from major retailers will almost always fall under the aforementioned protections. But there

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