Posted on 03 July 2009
Tags: Adjusted Balance method, annual fee, annual percentage rate, APR, available credit, Billing Cycle, billing statements, cardholder, Charge Back, collateral, credit, credit card, credit card accounts, credit card application, credit card balance, credit card companies, Credit Card Debt, credit card debt trap, credit card statement, Credit Card Terms, credit limit, Credit Line, Economic Indicators, finance charges, Fixed Interest Rate, floating rate, Glossary of credit card terms, Grace Period, interest rate, merchant, minimum payment, monthly payment, Monthly periodic Rate, secured credit cards, transaction, travel benefits, Universal Default, Variable interest rate
It is a good way to understand credit card terms so that you may stay one step ahead. If you are able to read a credit card application and completely understand all the terms of agreement on your card you’ll be in better form to use your cards with whole responsibility and you may also avoid falling into the credit card debt trap.

Here in this article we are presenting you a glossary of the most common credit card terms that could really help you with your credit card education:
Adjusted Balance Method
Adjusted Balance method is a formula that many card issuers use for the purpose of calculating the amount of your monthly payment. During the month the payments that you made to the credit card account is subtracted from the balance, and finance charges are added on to get the adjusted balance.
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Posted on 28 June 2009
Tags: Consumer Credit, Consumer Price Index, CPI, economic growth, Economic Indicators, economic recession, economy, Effects of Consumer Credit on economy, Effects of CPI on Economy, Effects of GDP on Economy, Effects of Housing starts on economy, Effects of Payroll Employment on Economy, Effects of PPI on Economy, Effects of Unemployment Rate, factors influencing mortgage Interest rates, GDP, Gross Domestic Product, Housing Starts, inflation, Interest Rate Forecasting, Interest rates, Interest rates on residential mortgages, long-term debt instruments, Payroll Employment, PPI, Producer Price Index, U.S. Treasury securities, Unemployment Rate
The monthly changes and the longer-term trend changes of economic indicators are able to influence the Interest rates on residential mortgages and US Treasury securities.
The rates on long-term debt instruments can be influenced by several kinds of variables, but in order to get the clues to the future direction of interest rates it is necessary to have an understanding of key economic indicators.
In most cases, on monthly basis economic reports are released.

Gross Domestic Product (GDP)
What is a GDP?
The gross domestic product (GDP) is the output of goods and services that are produced by labor in a property that is located in United States. The GDP is the most important economic indicator published.
Effects of GDP on Economy
If there is a larger-than-expected quarterly increase or increasing trend in the economy then it is considered inflationary. This thing urges the Fed to intervene and raise interest rates in order to slow growth.
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