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TITLE AND SUBJECT OF ARTICLE
Credit Card Debts
And How To Cope With Them
Credit cards may be convenient since it
gives you the luxury to spend more than what you can
actually afford, but they can also land you in serious
financial problems if not used properly. The use of
credit cards in America is increasing by the day, and
unfortunately, many are struggling with debt caused due
to over spending. As a responsible credit card user you
must try to lead a financially sound life, and you can
begin by getting rid of your credit card debts.
Never ov...
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Credit cards may be convenient since it
gives you the luxury to spend more than what you can
actually afford, but they can also land you in serious
financial problems if not used properly. The use of
credit cards in America is increasing by the day, and
unfortunately, many are struggling with debt caused due
to over spending. As a responsible credit card user you
must try to lead a financially sound life, and you can
begin by getting rid of your credit card debts.
Never overextend the use of your credit card, as that
will land you in a debt with high interest. Getting into
credit card debt is very easy, but it may be very
difficult to come out of it. Therefore, it is better to
be cautious from the beginning, rather than finding
yourself in a financial quandary.
Stop
overspending
It is never too late to pull
yourself out of the debt you are buried in it. The most
important step is to curb your temptation to overspend.
Try to limit your expenses as far as possible by keeping
one or two credit cards at the most. More cards will
mean more balance to pay off. This will quickly put you
in a cycle of debt.
Do not use your credit card
to buy a lifestyle that is unaffordable for you;
instead, use cash to make your purchases. If you want to
buy something that you cannot afford, then you need to
save money until you collect the required amount.
In case of an emergency, you will have to use your
credit card, of course, but make a strategy for payment
of the balance before using the credit card. To do this,
you need to make a budget and see that you use your
credit card according to the budget. If you find your
expenditure going out of budget, then it is advisable to
stop using the credit card.
Cover your balance
Making minimum payments for your credit card bills
each month may seem to be convenient, but the truth is
that you are pulling yourself into a never-ending debt
trap. When you use your credit card try and make full
payment for the balance that is created, keeping a check
on its use until you actually pay off the balance. So
pay the whole amount and that too on time in order to
avoid late fees. If you maintain a good credit record
you may even get certain considerations from your card
issuer.
Avoid special services: As a credit card
holder you may get tempted to get hold of various
special services like travel clubs and life insurance
offered by your credit card company, but be advised not
to get into this trap, because even though they may seem
alluring they are just added expense for you and add to
your debt-burden.
Never use your credit card to
pay your loan or advance, because if you are unable to
pay off the balance, it will become a high interest loan
for you. So you should use your ATM card or go to the
bank.
In order to make the most of your credit
card you must learn to use it wisely. Remember that
staying out of debt is not difficult. All you need to do
is to keep a check on how and when you use your credit
card.
Credit Card Fraud:
How To Protect Yourself
As technology has increased, so has credit
card fraud. There are some simple steps that you can
take to help protect yourself from credit card fraud.
Let's look at these more closely.
Keep It Close:
You should never let your credit card out of sight
unless it cannot be helped.
Tight Lips: Never
give your credit card number out over the phone unless
you are certain you know who you are talking to or
ordering from. The best advice for phone orders is that
you make the ca...
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As technology has increased,
so has credit card fraud. There are some simple steps
that you can take to help protect yourself from credit
card fraud. Let's look at these more closely.
Keep It Close: You should never let your credit card out
of sight unless it cannot be helped.
Tight Lips:
Never give your credit card number out over the phone
unless you are certain you know who you are talking to
or ordering from. The best advice for phone orders is
that you make the call. This assures you that you are
talking to the people who are at the number dialed. If
someone calls you, do not give out your information.
There are no legitimate companies who call and ask for
credit card numbers.
The same holds true for
emails. Legitimate companies do not email customers
requesting credit card information. This type of credit
card fraud has become a global problem. This same type
of credit card fraud might ask you to go to a website to
verify personal information and card information. Do not
go there. This is known as phishing (pronounced
fishing).
Sign It: Make it a habit to always
sign the back of your credit card the moment you get it.
Shred It: If you get credit card applications
that you are not planning to apply for shred them
immediately. This can help avoid future credit card
fraud should someone take the application from your
trash bin.
Secure Sites: When giving out
information on a website, make sure the site is secure.
You should see a small lock icon on secure pages.
Protect the PIN: Keep your PIN in a place that is
not near the credit card. Do not write your PIN
(Personal Identification Number) on the back of the
card.
Record: It is a good idea to write down all
of your credit card account numbers and the expirations
dates. You should also include the contact phone numbers
and addresses of the card issuer. Keep this list in a
very secure place where no one else can get to it. Use
it in case of fire or flood damage to your home.
Be Prompt: One of the best defenses against credit
card fraud is to open your statement as soon as you get
it. Look for any unauthorized charges. If you find
unauthorized charges report those charges immediately to
the credit card issuer.
Be Tidy: Anything with
your credit card information on it should be destroyed
as soon as you no longer need it. If you cannot destroy
it, place it in a secure box.
Cut the Carbon:
Carbon copy paper is not used much anymore but you still
see it in some places. Make sure you get the carbon copy
from the vendor and that you either destroy it or secure
it.
Notify: If you are planning to move, notify
the issuer in advance and make arrangements for your
mail delivery during the transition. You do not want
your statements arriving at the old address. You should
also contact the Post Office.
If you suspect
credit card fraud, contact the issuer immediately. Most
companies have a toll free phone number you can use for
this. Keep in mind that in cases of credit card fraud
much of your liability is determined by how fast you
contact the issuer.
According to federal law,
once you have reported the loss or theft of your credit
card, you are not responsibility for unauthorized
charges.
How To Avoid Credit
Card Fraud?
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Wedding loans are also a type of
personal loans. Wedding day is the most important day in
everyone's life. A wedding loan can make it very
special. If you are calling all your friends and
relatives, then you have to throw a big party.
Loan market in the UK is swamped with enormous number of
loan options. Different loans have been designed keeping
in mind the diverse needs and expectations of the UK
residents. Cash advance loan and no fax payday loans are
some of the classes of instant loans that are prevalent
nowadays.
Business loans are normally offered on
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There are numerous
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Credit Card Fraud
Preventative Measures For
Credit Card Fraud?
If you’ve ever been the
victim of credit card fraud, then you know just how
traumatic it can be. What’s more, if not detected early
enough, it could leave bad marks on your credit report
that could haunt you for years. The most commonly
thought of credit card fraud is when your wallet or
purse is stolen, and the thief uses your credit cards to
make unauthorized purchases.
But, with the rate
on online buying growing at an amazing rate, another
form of credit card fraud—known as misappropriation—is
spreading like wildfire. All that a thief needs to
create havoc on your credit life is your credit card
number—not your actual card.
Here are a few ways
that this type of theft can happen:
* One day
you get a phone call, and the person on the other end of
the line tells you that they have a special
offer—usually good for only a day or so—and that you
simply need to provide them with your credit card number
to make a purchase. The solution? Don’t ever give out
your credit card number to anyone who calls you. Only
provide it if you have called the company to place an
order, and you are positive that it is a
well-established reputable business.
* You are
shocked to find that someone has gone through the bags
of trash that you set outdoors for the early morning
trash pick-up. A few days later when you receive your
credit card statement, there are dozens of unauthorized
charges. The solution? Always tear up your credit card
receipts and bank statements before putting them in the
trash. Many thieves go through unguarded trash bags
specifically looking for these papers.
People
sometimes wonder about common types of loans, especially
with all of the different types of loans available.
Though these processes are time consuming, they are
not superfluous. This explains the reason why fast loans
carry a higher rate of interest. By diverting from the
normal loan processes, the loan providers are creating a
degree of risk involved.
Since secured loans
commits an assurance against the loan claim there is a
huge market of loan lenders who are providing for
secured loans.
Although bad credit history may
prove to be a temporary obstacle in the process, it
definitely doesn't prevent you from getting the money
you need.
Unsecured personal loan UK does not
require a borrower to put any collateral against the
loan. Tenants who do not own a home can enjoy the
benefits of unsecured loans.
* You go out to eat
in a restaurant and pay the bill with your credit card.
On your next credit card statement, you notice that
there are unauthorized charges that started the same day
as your restaurant meal. It turns out that the waiter
made an extra imprint of your card when he rung up your
bill, and then used the number to go shopping. The
solution? Many restaurants have placed their credit card
processing centers in plain view of the customer’s sight
to combat this problem. If not, you could follow the
waiter to the charge station, and watch him throughout
the process. It’s also important to make sure that they
know that they are being watched.
So, what are
some other measures that you can take to make sure you
aren’t a victim of credit card fraud? Here are a few
suggestions.
* If possible, it’s a good idea to
carry your credit cards and other bank information
somewhere other than your wallet or purse. That way, if
a thief nabs it, you will be out only your cash—not your
credit cards.
* It’s also smart to only take
with you the credit card that you intend to use that
day—leave the others at home.
* Be sure to have
a list in a safe place that lists all of your credit
cards, the numbers and contact information of the
issuing company. That way, if you are unlucky enough to
lose them, you’ll have the information necessary to
contact them as soon as you notice the theft.
*
Never sign a blank receipt, and always be sure to cross
out blank lines. For example, if you bought something
that didn’t require a tip, cross out the tip line so
nobody can add to it later.
* If you buying
online make sure that you do so via a secure site.
* If you move, report your new address to your
credit card issuer immediately. Some thieves look for
moves, and then watch the mailbox of the old house,
hoping that they can intercept a credit card statement.
By following the above suggestions, you will
greatly reduce your chances of becoming a victim of
credit card fraud!
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Cash advance loan and no fax payday
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The entry of online lenders has revolutionized
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