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Low APR Student Credit Cards

If you're in the market for a first credit card, you've probably come across a student credit card. These cards are designed for students particularly in college that are looking to establish credit. What students slowly find out is that there is actually an array of cards on the market. Most college students think that when they are looking for a card that there isn't a selection but there actually is.

There are going to be many types of cards when you do your research. One of the popular ones that you will find will be a low rate based card. Now, while I recommend you pay your card off in full, a low rate card is for those students who can't pay off their bills in full each month. Instead of paying 20% plus in interest, it's a lot easier to pay 10-15%. Keep in mind that when It comes to your first credit card, you're going not going to find a low interest rate.

The reason you're not going to find a low interest rate is because since you're so new to the credit companies, they aren't going to know much about your spending habits. Instead of giving you great rewards and a low rate, they are going to play it safe and give you a higher rate. As you show them that you can pay off your bills, they will slowly drop your rate and sooner or later you can graduate to a regular card. This of course is going to take time.

A low rate card is great for those who can't pay their bill off in full but by all means, if you can pay off your card, do it.

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Dos and Don'ts Of Using Credit Cards Responsibly

In times of financial crisis, a credit card can be a savior. It is now equivalent to money and you could just buy anything you want with the use of the so called "magical keys". You can even own more than one credit card as long as the lenders approve your application. However, the tool can also bring serious problems if you are not handling your finances well. Remember that you are not using it for free, you are borrowing money from a lender. There are interest charges you have to pay every month. In order to enjoy the privileges of having a card without leading to a debt problem in the future, use it wisely.Here are some practical ways on how to manage your credit card. First, you should bear in mind the reason of availing the card. It is only used in times when cash seems tight, right? Always keep in mind to use it only for emergencies. When the next payday is still weeks away and the money left can't sustain your needs, its high time for you to use it. The very purpose of the tool is to make you live a somewhat comfortable life where your basic needs and wants will be provided. But you should always know your credit limit so you can continue using it.Second, choose the right credit card company. There are various financial institutions offering credit cards. The interest is somewhat the same but there are some offering just a little bit lower than the other companies. You may try to re-negotiate with your card company for a lower interest rate. It won't hurt you if you try- it will be advantageous to you. Some people are experiencing financial trouble because of high interest rates. You don't want to be in their shoes I suppose. With lower interest rate, you could save a lot of money. The extra cash can be used for your other everyday expenses.Third, if you may buy certain things in cash than credit, do so. It is better to pay in cash than credit. In cash purchases, you can actually track down the amount of money that went out of your pocket. In this way, you'll be thinking twice before splurging on things you saw on stores. Paying in cash also teaches you to be thrifty on your spending. You will not be tempted to some extra expenses beyond your budget. Another benefit is with regards to the interest and charges on your credit card usage. If you'll be spending less, the interest will be much lower and manageable on your part.The monthly payment will not be burdensome and you can pay right on time. Fourth, make a monthly budget. The budget will enable you to know your expenses. And you must stick to the planned budget. Making a budget can help you control your spending. You won't be able to use your card much often if you could manage your finances well. Lastly, always pay on time. Paying on time will not accumulate your credits. If you have available cash, it is better to pay an amount higher than the minimum. Credit card is now a very powerful tool that you can have.It can do wonders when you're suffering from cash shortage. You just have to understand how it works. If you know how to use your credit card properly, you can never go wrong.

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Tips on How to Use Credit Card Wisely

In times of financial crisis, a credit card can be a savior. It is now equivalent to money and you could just buy anything you want with the use of the so called "magical keys". You can even own more than one credit card as long as the lenders approve your application. However, the tool can also bring serious problems if you are not handling your finances well. Remember that you are not using it for free, you are borrowing money from a lender. There are interest charges you have to pay every month. In order to enjoy the privileges of having a card without leading to a debt problem in the future, use it wisely.Here are some practical ways on how to manage your credit card. First, you should bear in mind the reason of availing the card. It is only used in times when cash seems tight, right? Always keep in mind to use it only for emergencies. When the next payday is still weeks away and the money left can't sustain your needs, its high time for you to use it. The very purpose of the tool is to make you live a somewhat comfortable life where your basic needs and wants will be provided. But you should always know your credit limit so you can continue using it.Second, choose the right credit card company. There are various financial institutions offering credit cards. The interest is somewhat the same but there are some offering just a little bit lower than the other companies. You may try to re-negotiate with your card company for a lower interest rate. It won't hurt you if you try- it will be advantageous to you. Some people are experiencing financial trouble because of high interest rates. You don't want to be in their shoes I suppose. With lower interest rate, you could save a lot of money. The extra cash can be used for your other everyday expenses.Third, if you may buy certain things in cash than credit, do so. It is better to pay in cash than credit. In cash purchases, you can actually track down the amount of money that went out of your pocket. In this way, you'll be thinking twice before splurging on things you saw on stores. Paying in cash also teaches you to be thrifty on your spending. You will not be tempted to some extra expenses beyond your budget. Another benefit is with regards to the interest and charges on your credit card usage. If you'll be spending less, the interest will be much lower and manageable on your part.The monthly payment will not be burdensome and you can pay right on time. Fourth, make a monthly budget. The budget will enable you to know your expenses. And you must stick to the planned budget. Making a budget can help you control your spending. You won't be able to use your card much often if you could manage your finances well. Lastly, always pay on time. Paying on time will not accumulate your credits. If you have available cash, it is better to pay an amount higher than the minimum. Credit card is now a very powerful tool that you can have.It can do wonders when you're suffering from cash shortage. You just have to understand how it works. If you know how to use your credit card properly, you can never go wrong.

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Guide to accuring UK credit cards

 All credit cards come in many shapes, colors and sizes. They come in different types and brands with their own list of great deals to offer. UK credit cards are not different from these. When you apply for a UK credit card online, there are three easy steps you can follow. First, you can search through the list of UK credit cards you might find while surfing the net. Then, you can compare the rates and the fees of these UK credit cards side by side and prepare for the process of elimination. After you have weighed the pros and cons and the advantage and disadvantages of your top choices, you can now make the final decision, which among the UK credit cards offered would best suit your needs. Then, you may proceed with your UK credit card application by filling out the form online.

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Things you should know before getting UK credit cards
Indeed, "plastic" has tremendously redefined the way people spend their money. In the US alone, more and more Americans are using credit cards because of the financial convenience it brings. When it comes to the UK, studies show that the Britons owe hundreds of millions in credit card debts. Being a flexible and accessible method of acquiring credit, various UK credit cards are being offered by major lenders to provide ultimate convenience to the consumers.

Applying for UK credit card can be both easy and difficult at the same time. Well, it can be surprisingly easy compared to spending the money itself. Getting a UK credit card is quite as easy like splurging your bucks on shopping spree. But, the difficult part when you have a UK credit card or any other credit card for that matter, is when the monthly bill arrives. Before getting a UK credit card, make sure to visit some guide and glossary so you will have all the information you need. Searching for important tips before you choose your UK credit card will help you become educated in your purchasing decision. Being informed before filling out for a UK credit card application will also help you reduce the possibility of getting stuck up in a credit card debt trap.

Reading some tips will also help you decide for yourself which among the list of UK credit cards would best suit your financing needs. You can choose the right UK credit card by comparing their features, interest rates, and benefits. Among the UK credit cards available, you should find the credit card with 0%, has the best rates and APR for balance transfers or purchases. Most importantly, never forget to look for the UK credit card with lowest rates by reading the descriptions carefully before you apply for a credit card online.

Top UK Credit Cards
Since more than half a million pounds are spent on UK credit cards every minute-amounting to tens of billions spent each year-it is very important to choose the best credit card for you. Here are some of the top UK credit cards available. With their own sets of great deals to offer, it's up to you, which among these UK credit cards is best for you. First among the list is Marbles. It offers up to 52 days' interest free credit, 0% balance transfers for the 1st 6 months, and 14.9 % APR. If you're the type of person who wants almost everything customized, this UK credit card lets you choose what your card will look like. It also lets you manage your account online. This UK credit card is designed in one of the safest and secure credit card systems around.

If you are looking for a UK credit card that offers from 0% APR on balance transfers, from 15.9% APR on card purchases, no annual fees, and a free 24-hour help line, then you might want to try Virgin Card. This UK credit card can actually be your exclusive pass to an exclusive online membership online stuffed with great money-off deals.
Another is the Egg Card that automatically gives you free purchase in transit protection for items. You can actually pay for all or part of your fare using this UK credit card plus the benefit of free personal travel accident insurance.
Apart from that, the customers also get a 10% discount on home and travel insurance policies when they use this UK credit card. The GM platinum card, on the other hand, offers 14.9 % APR, 0% per annum on balance transfers and purchases for 5 months, and online account management. The best thing about this UK credit card is that the holder will receive a 100 free Rebate Points the first time you use it. This unique reward scheme makes this UK credit card more fun compared to others.

After weighing all the pros and cons, advantages and disadvantages, you may now choose the best UK credit card for you.

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5 Simple Steps of How to Remove Charge Offs From Your Credit Report

1. Be aggressive in repairing your own credit.

Credit repair is not going to just happen. Bad credit is not something you can ignore, hoping that it will work itself out. Things like credit card charge offs, accounts that went to collections, and late payments will stay on your credit report for 7 years. But once bills have been paid off it is much easier to have them removed. The easiest way to remove a charge off is to send the credit bureau a challenge letter, also called a dispute letter.

2. Dispute the items you want removed.

The Fair Credit Reporting Act gives you the right to dispute any negative items on your credit report. This means you can challenge repossessions, charge offs, collections accounts, bankruptcies, foreclosures, judgments, tax liens, and anything else you disagree with. The thing to keep in mind is that the law says you are allowed to dispute anything, so go for the charge offs for sure.

3. How to dispute items on your credit report.

First contact the credit bureaus and request a free copy of your credit report. You are entitled to one free report each year from each bureau. So as long as you have not already requested one this year, you can get a free one. Send each bureau that lists the negative item a letter telling them to remove the specific item you want removed, and why. Make a photo copy of the credit report and circle each of the items you are disputing. Put a number next to each circle, that number should correspond to a number on your letter. This makes it fool proof for the bureaus to figure out which item you are talking about in your letter.

4. The investigation process

There is nothing for you to do now but sit back, relax, and wait. The credit bureaus have 30 days to investigate the items you dispute. That time starts when they receive the letter. They will contact the original creditor notifying them of your dispute and asking them if they agree or disagree with you. From there the credit bureau must provide proof through documentation that the entries are valid. If the entries can not be validated within 30 days from the time they receive the letter, it must be removed from your credit report.

5. Following up

It is critical that you follow up with the credit bureaus. A trend that is starting to emerge with them is they simply don't remove items that have not been validated, or sometimes they don't even conduct an investigation. So if you don't get a letter within a couple weeks after the investigation should have been complete, make a call to them and find out what happened. Whatever they say, ask them to send a letter for your records.

So lets recap what you need to do. First, get a copy of your credit report. Second, review your credit report and make note of any items on the report that you want removed. Third, write your dispute letter then circle and number each item on the report that you are disputing. Fourth, sit back and wait for the investigation to be completed. Fifth, follow up if you have not received an answer within 6 weeks.

Follow these simple steps and you will be well on your way to easy credit repair. To make things even more simple, order a set of proven credit repair letters from an expert. The reason you should do that is their letters have been proven to work, because they have used them successfully to dispute items for their clients. A well written dispute letter will practically guarantee success.

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How to Save Money by Consolidating Credit Card Debts

One of the most problematic burdens a consumer can face today is credit card debts, and that is why countless numbers of people who are carrying a lot of debt on their credit cards are seeking out methods for debt consolidation in order to get a better handle on their financial obligations.

Although managing your credit card bills is important, and it certainly makes life a lot more convenient if you can consolidate all of your credit card payments onto one bill, if you are not careful about how you go about the process, you may find yourself even more deeply over your head in debt.

Probably the most commonly used method for credit card debt consolidation is the transferring of account balances from cards with high interest rates to cards with lower interest rates. Take a look at your various bank card statements and see what the annual interest rates are. They may very well range from below 17 per-cent to more than 20 per-cent. It goes without saying that the more of your debt load you can shift from the cards with higher interest rates to the lower ones, the less you will have to pay on interest each month. And those savings can add up nicely.

What may appear even nicer is if you can get new credit card loans at special teaser rates. Teaser is the name that refers to a low, introductory rate that banks and other credit card companies sometimes offer in order to entice people to sign up for a new credit card. These very low rates are usually offered for a period of approximately six months, after which time the interest rate goes up higher. This can result in a situation where you enjoy a short term gain but later have to endure long term pain. Another pitfall to watch out for is if you have to pay a high transaction fee for transferring your debt balance from one card to another. If, however, you are able to find a new card that does not charge a high transaction fee, and if, at the end of the teaser time period you can then find another credit card that is offering another teaser rate, you could keep on jumping from one special offer to another. But this can be a very dangerous practice if luck is not on your side.

Juggling your credit card debt from one card to another with a lower interest rate is really only a stalling tactic that may buy you some time as well as saving you a few dollars here and there, but as soon as you can eliminate your credit card debts entirely, the better off your financial situation will be.

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Nationwide improves credit card offer

The Nationwide building society have announced that they are now extending the introductory offer on their credit cards. From today, Nationwide increases its 0% introductory offer on its Gold and Classic credit cards to 13 months with a 3% fee. Previously the rate was 0% for 10 months, with a 2.5% fee. Adam Slater, head of credit card, says: “This improved offer is key in attracting customers with credit card debt elsewhere, who could save money by transferring to a Nationwide credit card.” It is also worth noting that Nationwide do not charge for currency transfers when using a Nationwide card overseas, which has already made Nationwide services popular with holiday makers travelling abroad. The extension of its introductory offer on credit cards by Nationwide comes at a time when a number of banks are actually restricting use of credit cards, either because the customers are not profitable enough, or else to avoid potential future defaults on payments. Earlier this year, online bank Egg became infamous for cancelling credit card services which it claimed were used by those offering higher credit risks to the company. However, it later emerged that Egg were actually removing customers with sparkling credit records but whom were generating no penalty fees for Goldfish revenues. Nationwide, meanwhile, have been aggressively chasing market share across personal financial products markets as high street banks withdraw from them. The Nationwide already offers one of the lowest interest rate on new mortgages, offering a tracker rate of 5.74% to new customers with a LTV of under 80%, with further discounts for existing mortgage customers.

Barclays axes 1,000 jobs at credit card centre

Barclays is set to axe nearly 1,000 jobs at its Goldfish credit card unit. Barclays purchased the Goldfish credit card provider from Discover Financial Services back in February for £35 million. At the time, it said the move would create uncertainty for its employees in Scotland. This has now become a reality for 900 employees in Cumbernauld, North Lanarkshire, as Barclays is proposing to close the Goldfish call centre. Furthermore, the credit card business’s head office in London, which has 90 full-time employees, will also close. Barclays is to migrate the work from the Cumbernauld centre to other UK service centres before the end of 2008. It said efforts would be made to find the workers in the London office alternative roles. Amer Sajed, managing director of UK Cards at Barclaycard, said there would be a comprehensive package of advice and support for those affected. We consider that this is the right strategy in the context of the highly competitive industry in which we operate, he added. Discover Financial Services, one of the biggest issuers of credit cards in the US, bought Goldfish from Lloyds TSB two years ago, but failed to make a success of the operation.