How To Avoid Credit Card Debt

There are certain things in life that you will wish to avoid if you want to have a secure financial present and future for yourself and your family. Credit card debt is certainly one of those things that you should be avoiding. People do not always realise or think about it but keeping an outstanding credit card balance is one of the most expensive financial arrangements you could possibly subscribe to. If you have even an average interest rate, and not too much of an outstanding balance, you could be wasting literally hundreds of pounds a year by not paying off your outstanding balance in full each month.

There are also other problems with keeping a high amount of credit card debt. You will be making your credit rating worse for one thing. And this is something that you should be concerned about. Credit providers, banks, insurance companies and even employers will use your credit rating as a means of assessing your financial standing. If you have a very high outstanding credit card debt, or are close to your credit card debt limit, this will be regarded as a negative in the assessment of your credit score and for this very purpose, it is something that you should be attempting to avoid.

A lowered credit rating will cause you to receive worse terms and offers for future credit. For example you may get

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Fall back to Consumer Fraud Act if you face Credit Card Harassment

Plastic money is being widely used globally in a convenient way. People are spared the pain and insecurity of carrying cash with them while traveling. Credit cards are used widely for its various benefits and convenience. Just a swipe of the credit card and the payment is made. However there are many problems that are related with credit cards. Credit card harassment is one such issue that many people face quite often. If you find that the level of harassment is crossing limits, you can get in touch or consult an attorney and understand the Consumer Fraud Act. After that you can handle the case of credit card harassment easily.

Credit card harassment does not begin after one uses the credit card. It starts with the process of convincing a person to take a credit card. Innumerable calls are made from various companies who issue credit cards trying to convince the customers to use them. They try and make the customer understand the advantages and benefits of using credit cards. However, there are positives and negatives to all things and credit cards too have some negative sides.

The next level of credit card harassment begins when the customer fails to pay the credit card bills. It has also been seen and reported by many people that inspite of paying the bills on time and clearing all the dues, they have been harassed badly by the company issuing the credit card. Many people have complains that even after clearing their dues, they are called by the company and asked to pay the bills. When told that bills have been paid on time, they still charge of pending bills. This is highly confusing and irritating for the customers.

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Understanding the Credit Card Trap

Credit cards are an alluring trap invented by our modern financial system.

Buying something using a credit card is not bad, IF you have the income to pay the credit card balance in full when the statement arrives, plus all your other bills.

But buying with a credit card because you don’t actually have the money, is simply committing your future earnings to the credit company under the threat of a bad credit rating. That is financial slavery.

Over the past few years, financial experts have helped a lot of people to get out of the credit card trap with debt reduction programs. Helping people do this is not looked on favorably by the credit companies; they lose all that profitable interest. They take counter measures to hook more people back in by offering 0% percent interest for some period of time.

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Rent A Car With Your Prepaid Debit Card

It is more convenient to rent a car when taking a vacation or traveling to a new place. Most rent-a -car companies accept a credit card for payment. However, what if you don’t own a credit card? Is there another way to pay the rent-a-car company aside from using cash?

The truth is, prepaid debit cards can be used for car rentals. Below are practical tips on how you can use a prepaid debit card for renting:

Explore your options. Some auto rental companies impose more restrictions than others. By doing your own research, you can find a company that has more lenient policies to non-credit-cardholders. It is to be expected that each branches of the same company has different sets of requirements and rules. The best way to know your options is to call up the company and make inquiries.

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Searching For Prepaid Credit Cards

As mentioned above for any prepaid credit card it’s essential to pay into the account just before its use, which means technically the card vendor owes you money, the contrary of a regular card. This eliminates the require for the company to run a credit check into you as you will never, in theory, owe them any money, making this a great solution for anybody suffering with bad consumer credit. Another great thing is that prepaid credit cards can be used for anything that a normal card is used for and nowadays a credit card is required to do certain things that may be required for anyone such as booking a hotel or hiring your car.

Although with such a card you will avoid major monthly bills and crazy interest premiums, you do not escape fees altogether as the vendor needs to make a bit of money by some means. Generally there won’t be many fees associated with a prepaid card but ones you may typically find are a set-up fee in addition to a monthly charge. Set-up fees will be a small amount you pay prior the being able to pay in and use your card, it shouldn’t be very costly and once this one of payment has been made you are free to use this card. Monthly fees are usually at a set rate (don’t forget to check this out before you decide to sign any agreement), this charge is definately not based around how much money you might have in your account or the quantity you have spend in the charge period.

Quite a few about these Prepaid business cards charges compared the corresponding charges of an regular card is that they are fixed and you will always know the quantity you are paying afre the wedding of the payment time period.
eCarteBlanche Prepaid Credit Cards could also be used as payroll cards, as mentioned above, they offers establishments and organizations checkless loan company accounts, where your employees/clients are able to access their money at any sort of ATM – worldwide. They also help streamline the payroll approach and eliminate existing admin burdens and costs. By utilizing these cards, businesses and organizations can make big savings and resources associated using payroll processing and distribution costs while employees/clients enjoy the peace of mind of fully understand their money is right away, securely and accurately transferred onto their cards.

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