Over
375 pages of information
and secrets based
on 25 years of research!
Step by Step guide
on how to repair
YOUR OWN credit!
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Credit Repair SOS
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Everybody likes
shopping. May they
be a man or a woman,
young or old. People
like browsing through
products and eventually
buying it. Most
shoppers are impulsive,
wanting to buy a
certain product
the moment they
see it. Thus, the
credit card is born.
Aside from buying
at your convenience,
credit cards prevent
the hassle of having
to carry large amounts
of cash. Choosing
the right card,
however, is not
a decision to take
lightly.
Tips for choosing
a credit card:
1. Identify how
exactly the card
is to be used.
Will your bill
always be fully
paid? If you expect
it to be so, you
might want to avail
of a credit card
that has no yearly
fee or one that
has an extended
grace period. However,
if you're the type
of person who always
has a balance every
month, consider
choosing a credit
card that has a
low interest rate
so as not to burden
you further.
2. Choose your
bank / institution
Not all banks are
reputable. You also
need to consider
the stability of
the bank. If you're
choosing a credit
card from an unknown,
just established
institution just
because they offer
really low interest
rates, you might
want to reconsider.
There might come
a time that financial
problems the company
runs into would
be charged on your
account without
you knowing.
3. Weigh cost and
features against
that of other cards
Comparing card
costs and features
will facilitate
choosing the right
credit card for
you. Banks and other
institutions offer
attractive packages
that may make you
act impulsively.
Take your time and
weigh them against
each other. Don't
forget to take a
look at the interest
rates
There would be
numbers to consider
like:
* Annual Percentage
Rate which is actually
the cost of "borrowing"
the money
* Yearly Fees are
most often than
not fees for being
a member of the
institution
* Transaction Fees
are the cost of
making late payments
or sometimes cash
advances
* Overspending
fee if you're still
charging even if
youre beyond the
credit limit
4. Ask for the
credit limit.
This is a crucial
part of your quest
of choosing a credit
card. Beware of
companies who're
willing to offer
you a ridiculously
high limit even
if it's visible
that you don't have
the ability to pay
it. Also, knowing
the credit limit
will help you evaluate
if you could handle
paying the credit
off or you'd be
just overspending.
