February 22nd is the magic date when all of the credit card legislation that was passed through the Credit Card Accountability Responsibility and Disclosure Act (CARD) must go into effect. That means that all of the credit card companies must comply with the new terms set forth in the CARD Act.
Although these changes are designed to help consumers better manage their debt and to discourage credit card companies from operating under false pretenses, it doesn’t mean that you can forget about fees and hiked interest rates.
The bottom line is that you still must be a responsible consumer; it does not give you a free pass to spend as you like without consequences.
In addition, don’t assume that just because the government has reigned in the credit card companies on certain points doesn’t mean that they can’t then conjure up new traps in which to catch consumers.
The Fine Print
Most of us are conditioned to simply discard the legal mailings we receive from our credit card company about our credit card’s terms and conditions. However, Full post…
General Motors Ford Chrysler and for the moment Hyundai offer incentives to current Toyota owners
Helping our customers
At Auto Credit Express we’ve spent close to 20 years working with consumers with bad credit and helping these same customers raise their FICO scores and reestablish their car credit by financing a vehicle with a bad credit auto loan. Along the way, Full post…
A bad credit car loan can enable consumers with bad credit to drive a reliable vehicle while reestablishing their car credit and improving their credit scores.
It’s what we do
At Auto Credit Express we’ve spent close to 20 years working with consumers who have bad credit and helping many of these same individuals improve their FICO scores and reestablish their automobile credit by financing a vehicle with a bad credit car loan. During this time, we’ve worked in retail dealerships as car finance managers, trained car dealers in special finance and developed web sites that match up applicants with car dealers in the U.S. and C
If you are in search of unsecured loans but your bad credit status is the main obstacle in the way to get approved for the instant cash, consider unsecured loans for people with bad credit. This loan facility is mainly tailored for those borrowers who are facing cash emergencies but due to poor credit status are not able to fetch funds. Though, with assist of this loan facility all credit people can simply avail funds as per their needs without crossing the hurdle of credit check and collateral placement formalities.
If you have nothing to place as security but need immediate cash then you may simply consider unsecured loans for people with bad credit and solve your cash problem instantly.
There are many changes taking place in the credit card industry; most of which are in your favor. However, there are a number of new regulations taking place, courtesy of the credit card companies, that may not be in your favor.
One of the most important new rules to consider is that not using your credit card can cost you. Most consumers were always under the assumption that having a credit card and using it only for emergency purposes was the best way to go. However, credit card companies are now changing up the rules and either charging you an inactivity fee or canceling your credit card if you don’t use it enough.
This may prove to be quite confusing, especially for consumers who were told to never cancel their credit card accounts in fear of lowering their credit score. N
We all know that a good credit score is highly important in today’s economy. It is therefore all the more important that we do what we can to maintain a great credit score. For some individuals, this may mean making bi-monthly credit card payments instead of monthly ones.
Making bi-monthly credit card payments (paying on your credit card twice a month, instead of once a month) may make the task of paying on your credit card a more easily manageable one. Smaller payments, for some individuals, are just easier to budget, and may allow them to pay more on their credit card than if they were paying once a month.
Why it may pay to make bi-monthly credit card payments –
You may be approached by a loved one asking you to co-sign for a credit card, and you may have difficulty deciding if this is the best decision to make. So, what do you do?
For many individuals, the idea of co-signing is met with a great deal of trepidation, and rightly so. After all, you are just as responsible for the credit card bill as your loved one is. So, if they fail to pay the bill, guess who’s responsible? And, if they act irresponsibly with the credit card, guess whose credit score will suffer?
It is because of the above reasons that you must seriously consider whether co-signing for a loved one is the best idea. H