Author: Allan Roberts
Source: articleage.com
In this e-age, with instant,, searscard.com, searscard.com, communication in the form of mobiles and chat, instant knowledge with the Internet, can instant approval credit cards be left far behind? In fact, an instant approval credit card has become somewhat of a necessity now. What if you are online and see this unbelievable, searscard.com, offer of an iPod going cheap or a Sony Viao at throwaway prices? And then you realize your card is maxed out! Simple, apply for an instant approval credit card online, and get a credit card approved within a minute flat. Gratify your shopping instincts by getting a great thing at a great price.
Pros and Cons of Instant Approval, searscard.com, Credit Cards
Instant approval credit cards, like any innovation or technology, come,, searscard.com, searscard.com, with their own unique set of pros and cons. For, searscard.com, example, instant approval credit card online may give you immediate access to a new credit card, however, you may need to pay slightly more fees for this card in comparison to a regular card. Also, you may need to deal with a few spending limits on this new instant approval credit card, till the card physically arrives in your hands. Finally, as a consumer you need to be aware that the more credit cards you own, the more you are tempted to splurge beyond your means. Especially if you are given instant approval credit cards at a moment's notice, your need for instant gratification is further fuelled. And this is precisely what the card, searscard.com, companies bank upon - our, searscard.com, consumerist lifestyle where we may need quick and speedy access to money.
The Functioning of Instant Approval Credit Cards
But how do they, searscard.com, do this? How can an instant approval credit card online take a minute whereas a regular vanilla credit card takes a day or more?, searscard.com, Well,,, searscard.com, searscard.com, it is very simple as the whole process is computerized. Your computer contacts their computer when you place a request for an instant approval credit card. The computer of the credit card company,, searscard.com, in turn, contacts the credit bureau's computer to obtain your credit information.
They access your credit history and FICO score to gauge if you are risk-worthy. Here, two things can happen now. If everything looks OK, you will receive instant approval. If not, your application is 'flagged' and then it needs to be approved by a banking official. Even though this delays the process, once everything is cleared, the card company gives you instant approval, searscard.com, for a new card.
How Instant Approval Credit Cards Help
Once you have your new card in your hand, you will soon realize that can it actually help you save money. Assume, for example, that you are, searscard.com, stuck in an alien city, in-transit to your destination because your vehicle broke down. You have only cash, no cards, and you realize that the locals will fleece you because, searscard.com, they know, searscard.com, you are desperate for help. Instead of paying through your nose for your car repairs, log onto the net from a cyber caf้ close by, get an instant approval credit card, call for a pick-up service, and have your car towed away to a reliable, cost-effective car garage.
Some of these cards have, searscard.com, terrific features. For example, some instant approval credit card online are offered with low sign up amounts or are completely free. If you are lucky, then you may get a zero annual fee offer. Such instant approval credit cards also offer a zero balance transfer or they may have a limited introductory offer of low interest rates. Therefore, such cards will help you to save money if you can use them judiciously.
Wednesday, February 3, 2010
Tuesday, February 2, 2010
Credit Card Debt Relief - How to Stop Interest Payments and Make a Debt Settlement Deal
Author: Vikram Iyer
Source: ezinearticles.com
Do you know how interest on your credit card debt is calculated? If not, then you are not alone. There are millions of individuals who have absolutely no idea how interest on their credit card is calculated. They rely on the card statement to find out how much they will have to pay to their credit card issuer.
Further, card issuers offer the fantastic facility of minimum payment. On the face, searscard.com, of it, this facility sounds very good. However, the truth is that you will have to make repayments for years at a stretch if you want to bring your credit card, searscard.com, debt down to zero by paying the minimum amount payable.
By the time you finalize the payment and bring your debt to zero,, searscard.com, you would have paid more than the principal amount owed as interest. Do, searscard.com, you want to save interest? Do you want to use the money elsewhere? One option is, searscard.com, to borrow money from friends and relatives and pay the entire credit card debt in full.
Once that is done, you should aim to avoid have a revolving balance on your card. While the second option is feasible, it is very difficult to achieve the first option. All your friends and relatives are equally affected by the financial crisis, searscard.com, . Secondly, your credit card debt is so high that it is unreasonable to expect any other person to offer such a huge loan.
This is where most individuals make the mistake of ignoring all options and continuing to make high interest payments. There is one option which will help, searscard.com, you escape your, searscard.com, interest liability with minimum expenses and formalities. If you owe more, searscard.com, than seven thousand five hundred dollars to your credit card issuer and are irregular in making payments, then you should definitely consider the idea of getting a debt settlement.
Debt settlement, as far as interest is concerned, offers fantastic advantages. Your principal, searscard.com, amount comes down by more than sixty, searscard.com, percent. The interest amount is also included. This means that you just have to pay thirty to forty percent of the total amount owed - principal and interest included.
The new amount is considered as a new loan and interest is charged on this amount until you will pay the debt in full., searscard.com,, searscard.com, This will help you save money because penal interest that was applied to your loan will revert back to normal interest.
Further, what was earlier just a minimum payment towards a credit card would now constitute a significant payment that will bring down the principal amount very quickly. This will help you save money by avoiding unnecessary, searscard.com, high interest payments.
Source: ezinearticles.com
Do you know how interest on your credit card debt is calculated? If not, then you are not alone. There are millions of individuals who have absolutely no idea how interest on their credit card is calculated. They rely on the card statement to find out how much they will have to pay to their credit card issuer.
Further, card issuers offer the fantastic facility of minimum payment. On the face, searscard.com, of it, this facility sounds very good. However, the truth is that you will have to make repayments for years at a stretch if you want to bring your credit card, searscard.com, debt down to zero by paying the minimum amount payable.
By the time you finalize the payment and bring your debt to zero,, searscard.com, you would have paid more than the principal amount owed as interest. Do, searscard.com, you want to save interest? Do you want to use the money elsewhere? One option is, searscard.com, to borrow money from friends and relatives and pay the entire credit card debt in full.
Once that is done, you should aim to avoid have a revolving balance on your card. While the second option is feasible, it is very difficult to achieve the first option. All your friends and relatives are equally affected by the financial crisis, searscard.com, . Secondly, your credit card debt is so high that it is unreasonable to expect any other person to offer such a huge loan.
This is where most individuals make the mistake of ignoring all options and continuing to make high interest payments. There is one option which will help, searscard.com, you escape your, searscard.com, interest liability with minimum expenses and formalities. If you owe more, searscard.com, than seven thousand five hundred dollars to your credit card issuer and are irregular in making payments, then you should definitely consider the idea of getting a debt settlement.
Debt settlement, as far as interest is concerned, offers fantastic advantages. Your principal, searscard.com, amount comes down by more than sixty, searscard.com, percent. The interest amount is also included. This means that you just have to pay thirty to forty percent of the total amount owed - principal and interest included.
The new amount is considered as a new loan and interest is charged on this amount until you will pay the debt in full., searscard.com,, searscard.com, This will help you save money because penal interest that was applied to your loan will revert back to normal interest.
Further, what was earlier just a minimum payment towards a credit card would now constitute a significant payment that will bring down the principal amount very quickly. This will help you save money by avoiding unnecessary, searscard.com, high interest payments.
If you are over $10k in unsecured debt it would be financially prudent for you to consider a debt settlement. There are organizations that exist called "Free Debt Relief Networks" that are a great place to start in locating legitimate debt settlement companies in your region. They provide free debt help and know where to locate the top performing debt settlement firms. To get free debt help check out the link below:
Monday, February 1, 2010
Instant Approval Credit Cards - Are They Worth It?
Author: Robert Alan
Source: articleage.com
What could be better than getting a credit card, in a hurry, and, searscard.com,, searscard, searscard.com, .com, with a good amount of credit on it? Many credit card companies make such offers, and this article will show you what to look for when you shop for instant approval credit cards, searscard.com, .
It used to be that you would fill out an application, put it in the mail, and then you might wait up to a month to get a response from a credit card company. Imagine,,, searscard.com, searscard.com, in the computer age, waiting up to a month before word gets back to you as to whether or not you have been accepted! Now, though, it has changed, you can get an instant approval credit card online - in just a few seconds. But are instant approval credit cards worth it?
Are Online Applications Secure?
Many wonder if the Internet is secure -- that is, will their ID be stolen if they, searscard.com, type in some of their personal information. The honest answer is that it is possible, searscard.com, -- just like it is more probable that a letter could also be opened and your data stolen from that. The Internet, though, has some very secure Web sites - especially official sites of the, searscard.com, credit card companies.
How Long Will It Take?
The Internet allows for information to be submitted in an instant -- as you know. Once received, your application will go through a process of being checked against your credit rating. The credit card issuing company will have their own preferred source, and from this they will either approve or disapprove of your instant, searscard.com, approval credit card application -- and get the results back to you -- all within mere minutes. In some instances, the company will need to take a further look at your credit history in order to make a fuller, searscard.com, determination.
If approved, there will be a little waiting period before you can actually use the card. Obviously, it will have to be mailed to you. That can take up to about 10 days.
What Should You Look For In A Card?
There are four basic things you need to consider in a card, before you fill out the application.
ท The APR
This is the interest rate of the credit card. It usually is stated in two different ways, since it refers to, searscard.com, two, searscard.com, different rates. The first is the introductory rate - you want to look for a, searscard.com, card that has 0% for this, and you want it to be for a year. After that, the card will go to a regular APR. You need to compare cards, and try to get the lowest APR possible.
ท The Annual Fee
The, searscard.com, best is to get a no annual fee card. Some instant approval credit cards have no annual fee, but only for the, searscard.com, first year, searscard, searscard.com, .com, .
ท The Benefits
The benefits that you need to look for should be geared to your particular situation. If you travel a lot, and fly, then you will want a card that gives you air miles. Other cards will give you cash back, or rebates of between 1 to 5%, particularly on purchases of groceries, medicines and gas, searscard.com, (these are among the highest rewards). The rates that determine your benefits will vary, though, depending on the type of purchase, and the type of card. Some of your better cards, which require an excellent credit rating, may even give you 10 or 20,000 air miles just for signing up and making, searscard.com, your, searscard.com, first purchase!
ท Balance Transfers
If you have, searscard.com, more than one credit card, and you want to consolidate it all to a 0% APR to save some money, then be sure that it has this feature - not all cards will permit this. This could work great for you if you will seek to pay it all off within one year.
If you have other credit cards and feel you are paying too high of a rate of interest, then getting your instant approval credit cards online may be what you need to get a better rate. After all, it will only take a few minutes, and you could be on your way.
Source: articleage.com
What could be better than getting a credit card, in a hurry, and, searscard.com,, searscard, searscard.com, .com, with a good amount of credit on it? Many credit card companies make such offers, and this article will show you what to look for when you shop for instant approval credit cards, searscard.com, .
It used to be that you would fill out an application, put it in the mail, and then you might wait up to a month to get a response from a credit card company. Imagine,,, searscard.com, searscard.com, in the computer age, waiting up to a month before word gets back to you as to whether or not you have been accepted! Now, though, it has changed, you can get an instant approval credit card online - in just a few seconds. But are instant approval credit cards worth it?
Are Online Applications Secure?
Many wonder if the Internet is secure -- that is, will their ID be stolen if they, searscard.com, type in some of their personal information. The honest answer is that it is possible, searscard.com, -- just like it is more probable that a letter could also be opened and your data stolen from that. The Internet, though, has some very secure Web sites - especially official sites of the, searscard.com, credit card companies.
How Long Will It Take?
The Internet allows for information to be submitted in an instant -- as you know. Once received, your application will go through a process of being checked against your credit rating. The credit card issuing company will have their own preferred source, and from this they will either approve or disapprove of your instant, searscard.com, approval credit card application -- and get the results back to you -- all within mere minutes. In some instances, the company will need to take a further look at your credit history in order to make a fuller, searscard.com, determination.
If approved, there will be a little waiting period before you can actually use the card. Obviously, it will have to be mailed to you. That can take up to about 10 days.
What Should You Look For In A Card?
There are four basic things you need to consider in a card, before you fill out the application.
ท The APR
This is the interest rate of the credit card. It usually is stated in two different ways, since it refers to, searscard.com, two, searscard.com, different rates. The first is the introductory rate - you want to look for a, searscard.com, card that has 0% for this, and you want it to be for a year. After that, the card will go to a regular APR. You need to compare cards, and try to get the lowest APR possible.
ท The Annual Fee
The, searscard.com, best is to get a no annual fee card. Some instant approval credit cards have no annual fee, but only for the, searscard.com, first year, searscard, searscard.com, .com, .
ท The Benefits
The benefits that you need to look for should be geared to your particular situation. If you travel a lot, and fly, then you will want a card that gives you air miles. Other cards will give you cash back, or rebates of between 1 to 5%, particularly on purchases of groceries, medicines and gas, searscard.com, (these are among the highest rewards). The rates that determine your benefits will vary, though, depending on the type of purchase, and the type of card. Some of your better cards, which require an excellent credit rating, may even give you 10 or 20,000 air miles just for signing up and making, searscard.com, your, searscard.com, first purchase!
ท Balance Transfers
If you have, searscard.com, more than one credit card, and you want to consolidate it all to a 0% APR to save some money, then be sure that it has this feature - not all cards will permit this. This could work great for you if you will seek to pay it all off within one year.
If you have other credit cards and feel you are paying too high of a rate of interest, then getting your instant approval credit cards online may be what you need to get a better rate. After all, it will only take a few minutes, and you could be on your way.
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