Consumer credit report Marquette

Tags: Credit, Relief Posted in fixed rate credit cards | Comments Off If you are going to play the credit card game, you have to know the terminology. Companies literally bank on you not being fully aware of the convoluted playing field they have invited you to.

So to save yourself a lot of grief- money and frustration- it pays to become familiar with the vocabulary of credit cards. Annual Fee- Some card issuers (notably American Express and other charge cards) charge an annual fee. They can range from $40 to $200 or more, depending on the card. Most credit cards (Visa, MasterCard, Discover) do not charge an annual fee. APR (Annual Percentage Rate)- The interest rate applied to your balance if it is not paid off in full by consumer credit report Marquette the end of the billing cycle. Yet even a fixed rate can change, but the creditor must inform you in writing. There are also different APRs for different types of balances- balance transfers or purchases. Balance- The amount you owe the credit card company at consumer credit report Marquette any given time. The higher your consumer credit report Marquette balance, the lower your available credit.

Balance Transfer- The process of moving debt from one creditor to another.

Card issuers often offer low interest rates on balance transfers to entice new business. my credit report Credit Limit- The maximum amount you consumer credit report Marquette can charge to your card. If consumer credit report Marquette you go over this limit, heavy fines are applied by the creditor. Grace Period- The amount of time after your payment due date and before late consumer credit report Marquette fees are applied to your account.

If you have already used your grace period in a previous month, you may not have one available. Balance transfers and cash advances usually do not have grace periods. Introductory Rate- Also called a Teaser Rate, this is when credit card companies offer low introductory interest rates to get your business. However, they very often balloon to much higher rates later. Minimum Payment- The minimum amount you can pay each month and still avoid going into default. For example, making the minimum payment on $5000 each month will result in you paying almost $2000 in interest alone. how to get your credit report Principal- The amount of money you borrowed before interest is applied. Transaction Fees and other charges- Many credit cards contain costs outside the consumer credit report Marquette normal monthly payments. Cash advance fees, late fees and over the limit fees are a few examples. The credit world is full of jargon and slang only those in the know are consumer credit report Marquette familiar with. Do not get taken for a ride because you do not understand the terms.

Spend a little time becoming an expert on your consumer credit report Marquette money. Clint Alexander invites you join him on his quest for a Debt Free Life. When you fully commit consumer credit report Marquette to realizing that life you have only dreamed of free from worry and empowered to succeed, good things will start to happen. Remember- do your research and find products that are best consumer credit report Marquette for you. For a good start, consumer credit report Marquette try Christian Whitings outstanding program Debt Busters at http://familybudgetguide.info.

Tags: Credit, Terminology Posted in fixed rate credit cards | Comments Off If youre a student, it is understood that you dont have an established credit history. That is why you need to select consumer credit report Marquette the lowest apr rate student credit card after the initial sign up period. free credit report and score online But even if you have a good reputation own your credit history, consumer credit report Marquette you must quality for a reasonable consumer credit report Marquette interest rate as a student. This card must offer an annual percentage rate consumer credit report Marquette in the mid-teens, or about 16 consumer credit report Marquette percent to 17 percent. Also, the students consumer credit report Marquette must realize that there are various cards offered that dont usually charge annual fee and offer a grace period of at least 20 days, which can be key if they do consumer credit report Marquette not make their monthly payment on time.