Welcome to a special report on credit card rates. In these worsening economic times it is perhaps a good moment to take a step back and have a look at which credit card rate is right for you. There are a number of factors you have to look at in finding the most suitable rate. You have to ask yourself: Am I trying to pay my card off/get it down? or am I the type of person that always has an amount incurring interest? If you are the first person, then perhaps have a look at credit card balance transfers. Banks such as BNZ and Kiwibank are offering a 4.99% rate for 6-months. But this only applies to the amount transferred. New purchases will be charged at standard rates. If you are the second person, have a look at low interest rate options, but be careful. Sometimes it is worth actually being on a card with higher rates, but lower account fees. It all depends on how much you are routinely paying interest on. For example ASBs standard card has a rate of 19.95%, with annual fees of NZ$24. Its low rate option is 12.5% but has annual account fees of NZ$60. If you were routinely paying interest on less than NZ$485, it would be cheaper (per annum) to be on the card with the higher rate. Another example is Kiwibank. It has one card with a 15.90% rate, and no account fees (as long as you use the card every 3 months), and another with a rate of 13.30% and annual fees of NZ$50. If you were routinely paying interest on less than NZ$2000 it would be cheaper to be on the card with the …
Leroy
Category Archives: News - Page 2
Is it worth moving your credit card debt to a lower rate?
The Credit Card Crisis
thecreditcardsolution.com – Credit card debt is a fast and growing crisis in America. The Credit Card Solution in Houston Texas offers people the best method to assist them with thier credit card debt. For more information on how we can help you….. Call us at 1-866-539-8227 or you can email us at info@thecreditcardsolution.com
Kayden
Investing vs Paying Credit Card Debt
If you carry a balance on one or more credit cards, you’re not alone: according to the Federal Reserve, nearly half of American families do. And nearly half of American families also have some sort of bank savings accounts. If you have savings, should you use that money to pay off your credit cards?
Damon
Obama Tackled Credit Card Debt
Interest gouging practices by banks who received stimulus money will highlight President Obama’s meeting with credit card companies, reports Bill Plante.
Marilyn
Dave Ramsey – Credit Card/Debt Collectors are SCUM
My hero, Dave Ramsey, tells of abusive practices and the violation of Federal law incorporated by debt collectors – particularly credit card debt collectors. Most people do not know that they have rights guaranteed to them by the Fair Debt Collection Practices Act (FDCPA) and debt collectors knowingly and habitually break these laws in order to frighten them into paying. IT IS NOT AGAINST THE LAW TO OWE MONEY! Do not allow yourself to be lied to (example: “You’re going to go to jail if you don’t pay this” is one of their favorites!) or treated without the dignity you deserve. KNOW YOUR RIGHTS UNDER THE FDCPA: Collectors can NOT call you before 8 am or after 9 pm Collectors can NOT threaten to have you arrested or charged with a crime if you dont pay Collectors can NOT continue to call after you have indicated you want them to stop (record your conversation with them, tell them you ARE recording it, write the date and time down in a journal, and follow up with a certified letter stating they may no longer call.) Collectors can NOT call friends, family members or colleagues repeatedly in order to get you to pay (they may call your acquaintances ONCE in order to track you down and may NOT mention that you owe money or give ANY information that would lead someone to believe that they are attempting to collect a debt.) For more information on your rights under the FDCPA, please visit my website at www.myarrp.com (click on the “Help With Credit” link at the top.) To the scum …
Solomon
