Posted by Batool Shamim on June 2, 2011 ·
ARMs were intended to borrowers with irregular income. However, when these borrowers in year six find it hard to refinance their mortgage due to negative equity may be tempted to walk away from the home, leading to lose to the investor.
Posted by Batool Shamim on March 11, 2011 ·
Some times calling to your credit card company does not guaranty any positive result. Usually, they are not ready to compromise at all. But sometimes it is possible only if you are successful to assure them of your deplorable financial condition. Try to convince them and take them into confidence. Hopefully, it will bring a good result
Posted by R. Mak on January 25, 2011 ·
You can actually erase 50% to 70% of your credit card debt easily if you know basics of credit card debt settlement process. you can do it yourself, hire a lawyer or go to a debt relief company.
Posted by R. Mak on December 20, 2009 ·
By law, credit card companies are obligated to disclose their fee schedules to consumers. The trouble is that the calculations of these fees and finance charges are often mentioned in the fine print of the account disclosure statement that you receive when you first open your credit card account. In this case, you can suffer from…
Posted by R. Mak on October 21, 2009 ·
The act of accumulating debt at an excessive rate with no way to repay it is referred to as Binge debt. In both the United States and Great Britain binge debt has become an epidemic. Though only few people realize the fact that binge debt is as detrimental to their financial health as binge eating and drinking is to their physical health, consumers continue…
Posted by R. Mak on August 19, 2009 ·
In my previous post I have discussed few parts of your monthly credit card statement and here in this article I am explaining the rest of them.if a balance is carried by you then you usually don’t have a grace period, and on new purchases interest accrues immediately. There is also a lack of grace periods for cash advances and balance transfers. For details…
Posted by R. Mak on August 17, 2009 ·
Each card agreement is different from the other, so here I will answer your questions in a more general way. A card issuer has got the right to change the interest rate of your credit card account by giving a notice in writing to the cardholder. Being a cardholder you have the right to refuse the new rate but…
Posted by R. Mak on August 14, 2009 ·
I suggest you that one of the most important things that can be done by you is that you should follow your card issuer’s payment guidelines precisely. You can see these guidelines on…
Posted by R. Mak on July 3, 2009 ·
It is a good way to understand credit card terms so that you may stay one step ahead. 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.
Posted by R. Mak on June 13, 2009 ·
If you’re also facing the store credit card debt problem then, you should consider transferring the balance to a low interest rate credit card or better than that, a 0% APR credit card. Otherwise you are simply throwing away money to pay unnecessary finance charges and becoming a victim to credit card debt.
