Credit Cards – pay off interest rates

February 14, 2012

Nashville Based Urge

Filed under: Credit Cards — Tags: Based, Nashville — admin @ 12:30 pm

Nashville Based Urge® – Personal Financial Savings iPhone App Launched on iTunes

Nashville, TN (PRWEB) February 10, 2012

Urge® announced today the worldwide release of their first application on iTunes for the iPhone, iPad, and iPod Touch. The application allows consumers to instantly transfer money from their checking to a savings account at their bank with a few taps via smart phone technology. Urge was locally developed and launched with the support of Jumpstart Foundry and the Entrepreneur Center. Beta customers are already using Urge in the US, UK, Canada, Japan, Switzerland, Italy, Malaysia, Australia and several other countries.

“Will Clark and I watched people spend $ 3-4 every morning at coffee houses and thought there must be a way to help them save some money by foregoing these unnecessary purchases. It’s not the big expenses that get us in trouble: it’s the nickel and diming we do to ourselves and end up broke at the end of the month,” said Salil Shibad, Co-Founder of Urge. “We faced the same problem. So, we created Urge- an app that allows the consumer to take control of their personal financial situation by allowing them to save toward more meaningful goals. These goals could be to pay off credit card debt, home loan, save toward kids’ 529 plans, contribute to 401k plans, give to charity, or simply save up for that vacation at the end of the year.”

Urge is offered in two versions, one that allows consumers to forego the urge to spend, another that allows them to instantly transfer money from their checking to a savings account at over 200 banks. Urge is also in the process of partnering with banks, local charitable organizations, and financial advisors.

“Similar to our grandparents’ discipline of a savings jar, you’ll be pleasantly surprised by how quickly the savings add up.” said Shibad. The start of a new year is one of the best times to make a personal impact on your financial health for the entire year by making smart decisions about everyday shopping.

“Urge was one of those ideas that when we heard it, we knew we had to be involved,” said Vic Gatto, Partner, Solidus and Founder of Jumpstart Foundry. “Urge was our first investment at Jumpstart Foundry and we continue to be excited about the company’s future.”

“Nashville’s entrepreneur community continues to amaze me with the talent and ideas being generated from Jumpstart Foundry and the Entrepreneur Center.” said J. Tod Fetherling, Chairman/Co-Founder of Stratasan, former CEO of the Nashville Technology Council and current Jumpstart Foundry mentor. “Urge is the application all of us need to help save money by making a very small change in our spending behavior.”

Urge® is a Jumpstart Foundry company launched in March 2010. Urge® provides consumers with the ability to save money by foregoing the urge to spend on impulse purchases and is available exclusively on iTunes in over one hundred countries. To download the application, visit the iTunes App Store at http://www.itunes.com/apps/urge.

Contact:

Salil Shibad

Press@MyUrge.com | http://myurge.com

# # #

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Comments Off

February 11, 2012

How often do credit cards send info to the credit reporting agencies?

Filed under: Credit Cards — Tags: agencies, cards, Credit, info, often, reporting, send — admin @ 4:36 am

Question by wrknhrdngttnby: How often do credit cards send info to the credit reporting agencies?
I just paid off two cards in anticipation of applying for a loan. I’d like those cards to show up as zero balance on my credit report. How often are these accounted updated? Should I call them and ask them to send an update? How long will I need to wait for these to be recorded as zero balance. Thanks!

Best answer:

Answer by NM
Although I’m not sure how long it takes for credit card companies to report info., I do know that you tin most definitely name them and ask them to report it soon. The pip they can say is “no,” correct?I say go for it. Be proactive.And congrats on paying off your cards!

Give your answer to this question below!

Comments Off

February 9, 2012

Nonprofit Credit Counseling Agency Named Approved Adopter of National Industry Standards for Homeownership Education Counseling

Filed under: Credit Card Interest Rate — Tags: Adopter, Agency, approved, Counseling, Credit, Education, Homeownership, Industry, Named, National, Nonprofit, Standards — admin @ 12:32 pm

Nonprofit Credit Counseling Agency Named Approved Adopter of National Industry Standards for Homeownership Education Counseling

Lighthouse Point, FL (PRWEB) January 25, 2012

Debt Management Credit Counseling Corp, a nonprofit charitable organization (“DMCC”), announced today that it has been approved as an adopter of the National Industry Standards for Homeownership Education and Counseling (NISHEC). As the economic downturn persists, many homeowners are dealing with reduced incomes and declining home values. They struggle to avoid foreclosure, but navigating the system can be extremely difficult. Housing counseling agencies can help, but it’s difficult for consumers to know which organizations they can trust. The NISHEC can help do that decision easier. NISHEC recognizes DMCC as an approved adopter of these standards and holds DMCC to a high received of excellence, ensuring that consumers are provided the most consistent and critical information, advice and guidance.

“Foreclosure intervention counselors must have accurate, up-to-date knowledge of the mortgage landscape,” said Jeremy Montanti, Quality Manager at DMCC. “We have highly trained nonprofit counselors who work one-on-one with homeowners in the community to help communicate with their lenders and determine the appropriate solution.”

The National Industry Standards were developed by the Advisory Council for the National Industry Standards for Homeownership Education and Counseling. The Advisory Council is comprised of leading housing industry representatives including HUD, working together to provide a way for counseling organizations to demonstrate accountability and commitment; an approach known as “Homeownership Done Right.” According to a 2010 study by the Urban Institute, the odds of curing a foreclosure, and potentially avoiding losing a home, are 1.7 times greater for a homeowner who works with a counselor who adheres to the National Industry Standards than for a homeowner who doesn’t receive such counseling.

DMCC provides foreclosure intervention for consumers suffering from financial hardship and having a difficult time repaying their home mortgage. This program has been designed to identify available solutions for consumers to avoid foreclosure which meet their personal goals, and assist consumers with obtaining a loan modification if it is a recommended solution. Consumers who have already received a notice with Date of Sale are recommended to seek legal counsel for assistance. DMCC also provides debt management plans to consumers needing help with the repayment of their credit card debt.

To learn more about the National Industry Standards for Homeownership Education and Counseling, visit http://www.homeownershipstandards.com.

About Debt Management Credit Counseling Corp.

DMCC is a nonprofit 501(c)(3) public charity committed to educating consumers on financial issues and providing personal assistance to consumers overextended with debt. Education is provided free of charge to consumers via seminars, workshops, a proprietary financial literacy program, and a vast array of online and printed materials. Free personal counseling is provided to consumers to identify the best options for the repayment of their debt. Consumers interested in speaking with a DMCC certified credit counselor may call (866) 618-3328 or request help at dmcconline.org. DMCC is a HUD Approved Housing Counseling Agency, is approved by the U.S. Trustee to provide bankruptcy counseling and education, and has an A+ rating with the Better Business Bureau.

###

Attachments

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Comments Off

February 7, 2012

Rent My Vacation Home Has A New Payment Plan of $16.00 a Month Starting 1/20/2012

Filed under: Credit Card Interest Rate — Tags: $16.00, 1/20/2012, home, month, Payment, Plan, Rent, Starting, Vacation — admin @ 8:30 pm

Rent My Vacation Home Has A New Payment Plan of $ 16.00 a Month Starting 1/20/2012

Washington D.C. (PRWEB) January 21, 2012

This gives Homeowners a chance to really use this system at a price that is affordable.

All Homeowners will be automatically be enrolled in the monthly payment plan. Rent My Vacation Home dot com automated payment plan divides your costs over time so Homeowners can pay in small, manageable increments on a credit/debit card.) There are no late fees, no interest and no hassle.

The easy way to pay for your Home Vacation rental

Convenient monthly payments No late fees Small, manageable payments 24-hour access to your account and payment information through our secure website This gives homeowners a chance to list their homes for a very small amount on a very large network at Rent My Vacation Home dot com.

Despite the holiday hubbub, homes sales continued their upward trend in December. The National Association of Realtors says existing-housed sales, or completed sales on single-family homes, co-ops, condos and town homes, ticked up 5% to a seasonally adjusted rate of 4.61 million. There were 3.6% more sales completed during the month than during December of 2010 and NAR says that finished sales were 1.7% higher for the entire 2011 year as compared to 2010.

The total housing inventory barbarous 9.2% to 2.38 million existing homes for sale. At the current sales pace that represents a 6.2-month housing supply — the low level of inventory logged in nearly seven years and lower than the 7-to-eight month inventory levels NAR has said indicate steady home prices.

Rent My Vacation Home has home sales and rental so this is good news.

###

Attachments

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Comments Off

February 6, 2012

Security America Mortgage, Inc. Proudly Announce the New 2012 VA Loan Calculations Allowing the to Offer the Lowest VA Mortgage Refinance Rates in the United States

Filed under: Credit Card Interest Rate — Tags: 2012, Allowing, America, Announce, Calculations, Inc., loan, lowest, Mortgage, Offer, Proudly, Rates, Refinance, Security, States, United — admin @ 4:29 am

Security America Mortgage, Inc. Proudly Announce the New 2012 VA Loan Calculations Allowing the to Offer the Lowest VA Mortgage Refinance Rates in the United States

Security America Mortgage – VA Home Loan Experts

Texas, Florida, Colorado, Arkansas, Oklahoma, North Carolina (PRWEB) January 20, 2012

The Department of Veterans Affairs changed a few methods used to calculate the VA Home Loan maximum amounts for veterans buying a home in 2012. Since the VA’s 2011 procedure is no longer relevant for calculating a VA Home Loan amount in Texas, what does that mean for veterans and active duty military members who are ready to buy a home using VA benefits in cities like Austin, Dallas, Houston, and San Antonio?

In a nutshell, the 2012 calculation change simply means that the maximum amounts for home purchases have a different formula used to calculate the VA guaranty loan amount allowed for veteran home buyers. This changes VA Funding Fee slightly, but overall, the VA Loan still provides the best deal for home loans rates in Texas. To simplify the VA Loan Process more, the good news is that the loan amounts are funded by lenders, like Security America Mortgage, Inc., and VA Loan amounts are all calculated by the mortgage company – not the VA. The VA only insures the VA guaranty loan up to a certain amount – which is kind of like a “promise” to the lender to pay a home loan for a veteran if they ever default on a loan for any reason.

For expert mortgage companies like Security America Mortgage, Inc., who specialize in VA Loan and Real Estate services for Texas home buyers, they can still offer VA loans that provide the lowest rates possible in 2012.

Since the 2012 VA Loan Calculations do not alter the great VA benefits allowed when approving VA Loan amounts either, the VA Home Loan Benefits still include the many reasons VA Loans can be obtained – which are to:

1.     Purchase or build a new home
2.     Purchase a residential condominium unit
3.     Purchase a residential cooperative housing unit
4.     Repair, alter, or improve a residence owning by the veteran and occupied as a home
5.     Refinance an existing VA or conventional home loan
6.     Buy a manufactured home and/or lot
7.    Install a solar heating or cooling system or other energy-efficient improvements

The 2012 calculations also make it easier for VA Loan Specialists at Security America Mortgage, Inc. to pre-approve VA Refinance Loans for military members buying a home in Texas cities like Austin, Dallas, and San Antonio. In fact, there are actually the three DIFFERENT VA Refinance options available for military individuals who want to save money by lowering monthly mortgage payments significantly in Texas. These VA Refinance options are as follows:

VA Loan Refinance Option #1 – VA Streamline Refinance – Interest Rate Reduction Loan (IRRL):
VA streamline refinancing loan can be used when you already have a VA home loan financed with your current home. The only reason you would choose to refinance would be to achieve a lower interest rate using a “VA Interest Rate Reduction Loan (IRRL)”. The VA IRRL enables lower interest rates on a current VA home loan and it can be achieved with no out-of-pocket closing costs to the homeowner – which is great!

VA Loan Refinance Option #2 – “Cash-Out” or Debt Consolidation Refinance:
If there is equity in the current VA loan financed with the home needing to be refinanced, the VA benefits give eligible veterans the option to refinance the VA internal loan currently financed on the home – and then to had a “cash out” payment that is up to 90% of the home’s equity value. The money left over from the home’s appraised and calculated value can then be used for anything like; Paying off credit card debts, remodelling home improvements, or to save money for retirement.

VA Loan Refinance Option #3 – Conventional to VA Refinance Loan:
The Conventional to VA Refinance option requires a funding fee, which the government charges to insure a VA Home Loan with the lender. The fee is 2.2% for veterans who are first-time users for this type of loan. The good thing about the Funding Fee is that it can be financed into the cost of the loan.

For all states in the U.S. (except a few with different economies entirely) the 2012 VA loan limit is $ 417,000. This is the true “VA Guaranty” amount for Texas. There are several more reasons you can get more money on a home loan because VA does not actually provide the VA loan to the home buyer, the lender (mortgage company) does. This is why companies like Security America Mortgage, Inc. who support low VA Loan rates for veterans, 2012 calculation will be a breezy change for the goal to give the American Heroes of the United States the ultimate American Dream. The first step to get there is to contact the nearest VA Loan Specialist in your area. The rest is history in the making.

Contact a Home Loan Expert at Security America Mortgage, Inc. to pre-approve YOUR VA Home Loan!

###

Attachments

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

More Credit Card Interest Rate Press Releases

Comments Off

February 2, 2012

Q&A: What happens to credit cards debts when your parent dies?

Filed under: Credit Cards — Tags: cards, Credit, Debts, dies, happens, parent — admin @ 8:29 pm

by Cornell University Library

Question by mssexxynana43: What happens to credit cards debts when your parent dies?
If your parent dies what will happen to their credit card debts? Will the children have to pay it off? Plus their parent will In Canada now but has a two credit cards in the Niagara Falls, New York. Thanks!

Best answer:

Answer by bdancer222
While I don’t know Canadian law, my guess it is pretty similar to US in that the estate is responsible for the debts. Assets must be used to pay off the debts before being distributed to heirs. If there are not enough assets to cover the debts, the heirs do not inherit the debt.

Know better? Leave your own answer in the comments!

Comments Off

February 1, 2012

How Debt Consolidation Helps (or Hurts) the Pocketbook – Tips from American Financial Solutions

Filed under: Credit Card Interest Rate — Tags: American, Consolidation, Debt, Financial, from, Helps, Hurts, Pocketbook, Solutions, Tips — admin @ 4:30 am

How Debt Consolidation Helps (or Hurts) the Pocketbook – Tips from American Financial Solutions

Consolidate your wallet

Seattle, Wa (PRWEB) January 19, 2012

A debt consolidation loan can be a tempting option for someone who is having difficulty organizing bill payments each month. It may also be appealing for people having trouble keeping on top of bills and loan repayments due to financial reasons. However, it is important to consider all of the advantages and disadvantages of taking out a loan to consolidate unsecured debts. American Financial Solutions provides some tips and guidelines to follow when considering this type of loan.

There are two main advantages to using a debt consolidation loan. If the consolidation involves changing unsecured debts into secured debts, like a home loan, people may be able to benefit from lower interest rates. As a result, more of the money paid goes towards paying down the debt rather than interest and the debt may be paid off sooner.

The second benefit is that of convenience. Rather than making multiple payments to creditors, people make one monthly payment.

There are serious down sides to taking out a loan to repay debt as well. Unsecured consolidation loans may involve a longer repayment term. So, even if the current monthly payment is low, someone could actually end up paying more in total interest over the term of the loan. Find out the overall cost to borrow the money, before proceeding with a consolidation loan.

Also, if someone is using collateral, such as a home, to secure their debt consolidation loan, they could find themselves in a very vulnerable position. Nonpayment could cause collateral to be seized by the creditor, leaving the person in a worse situation than they were in before taking out the loan.

Finally, when a new loan is taken out and credit card accounts are paid down to a zero balance, people may be reluctant to close the accounts. They may continue to charge on the credit card accounts and end up with more debt than when they started – the original debt in the consolidation loan and the new charges on credit cards.”Failure to close the credit cards, and then running up new debt on the cards, is the most common problem we see when people try to get themselves out of debt by using a consolidation loan,” said Becky House, Education Manager for American Financial Solutions.

When looking for a loan it is important for people to work out exactly how much they need to pay back and how much they can afford to put aside for payments. They also need to establish whether they are able and prepared to secure their consolidation loan with collateral.

The next step is to shop around, examine interest rates, company profiles and their customer service backgrounds. Someone may also choose to try and negotiate for the best rate with a lender.

Debt consolidation loans can be difficult to obtain. Lenders generally do not want to lend money to pay off other debt. If someone has a history of late payments to creditors and trouble paying bills, they probably will not qualify for a debt consolidation loan. Someone with a high credit score, who also shows enough income to repay the loan, will probably qualify.

For people who do not qualify for the loan (and some who do) a debt management plan may be a good alternative because it is a consolidation of payments rather than debt. Debt management plans can be accessed with the assistance of a credit counseling agency and can help someone avoid distressing collection calls from creditors chasing payments.

A non-profit credit counseling organization can offer certified credit counselors to help people examine their financial situation and learn more about their options for debt consolidation loans, as well as debt management plans and other ways for managing unsecured debt.

American Financial Solutions (AFS) is a non-profit 501(c)3 financial education and credit counseling agency that helps people find solutions for managing their money and changing their financial lives for the better. Since 1999, AFS has helped over 750,000 individuals across the United States through one-on-one counseling, financial education classes, or the use of debt management plans. AFS is a member of the National Foundation for Credit Counseling (NFCC) as well as the Association for Independent Consumer Credit Counseling Agencies (AICCCA). AFS is also accredited by the Council on Accreditation (COA) and has an A+ rating by the Better Business Bureau. For more information, please visit http://www.myfinancialgoals.org. Find us and like us on Facebook (facebook.com/AmericanFinancialSolutions) or follow us on Twitter (twitter.com/MoneyTips4You)

###

Find More Credit Card Interest Rate Press Releases

Comments Off

January 30, 2012

Q&A: What credit cards are out there that don’t charge fees for using them in foreign countries?

Filed under: Credit Cards — Tags: cards, charge, countries, Credit, don't, fees, foreign, them, there, using — admin @ 12:31 pm

Question by calstud4life: What credit cards are out there that don’t charge fees for using them in foreign countries?
I am going out of the United States this upcoming summer for 3 months and would like to have a credit card on me that I will be able to use in Europe without being hit with transaction fees. Does anyone know of a credit card company that issues cards without charging an exponential amount of interest or transaction fees?

Best answer:

Answer by BJ B
Capital One issues some cards that do not charge extra fees for international transactions. Credit Unions often issue cards that do not charge international fees either.Whatever card you travel with remember to contact the credit card issuer before you leave the USA to tell them when you are traveling and to what countries. Many issuers freeze your credit tease once they start noticing foreign transactions, especially in some countries, to prevent fraud.

Know better? Leave your own answer in the comments!

Comments Off

January 28, 2012

5 Credit Card Facts Students Won’t Learn in College

Filed under: Credit Card Interest Rate — Tags: Card, College, Credit, Facts, Learn, Students, Won't — admin @ 8:31 pm

5 Credit Card Facts Students Won’t Learn in College

Los Angeles, CA (PRWEB) January 16, 2012

As college students return back to school, credit card companies will be waiting for them. Unfortunately, too often is the case where credit education falls by the waist-side. StudentCreditCards.com has put together a tip sheet with 5 little known facts about the credit card.

1. The first ever credit card was the Diners Club card, first issued in 1950 for people to use in a select group of New York City restaurants. Although individual businesses, such as oil companies, hotel chains, and department stores had issued charge cards before, this was the first example of a card that individuals could use to pay their bills at multiple businesses. The idea caught on, and within a year, over 20,000 people had the Diners Club credit card. By 1958, both American Express and BankAmericards entered the market, and the rest is history. Today, the BankAmericard, now renamed Visa, is the most common type of card, followed by MasterCard, American Express, and then Discover.

2. Applying for multiple credit cards in a short period of time can lower your credit score. Every time you apply for a credit card, the issuer checks your credit score. This is called a credit inquiry, and it is noted on your credit report. Each inquiry lowers your credit score by up to about five points, and having many of them at the same time can result in an even larger impact. This is because it looks like you are desperate for credit, which indicates that you are not financially stable and might not be able to repay your debt. Statistics show that if you have made six or more credit inquiries in the past two years, you are eight times more likely to declare bankruptcy than someone who has made no inquiries.

3. Your credit score does not only affect whether you get approved for a credit card or loan, but it also affects your interest rate. Lenders give the lowest interest rates to people with the best credit scores because they are less likely to default on the loan. If you have a low credit score, you will have to pay more in interest because the lender is taking a big risk lending to you, and you have a greater chance of costing the lender by not repaying your debt. Therefore, having a bad credit score can cost you thousands of dollars extra in interest, especially on big loans like mortgages. With a 30-year mortgage for $ 200,000, you will pay $ 22,296.51 more in interest if you have an interest rate of 5.5 percent than you will with an interest rate of 5 percent.

4. The Credit CARD Act of 2009 helped consumers by making credit card bills much easier to read and understand. Now, all bills must clearly show the minimum payment and tell you how long it will take to pay off your balance if you make no new charges and pay only the minimum. In addition, the bill must state the monthly payment you would need to make to pay off your balance in three years and compare the total interest between the payment plans.

5. You can use your credit card without ever paying interest, as long as you pay off your credit card balance in full every month. This can result in an interest-free loan for up to 50 days. For example, say your billing cycle ends on the 1st of each month and your bill is due on the 22nd of each month. If you make a purchase of $ 2,000 on March 2 and pay off in full the bill from the previous month that is due on March 22, you will not have to pay the $ 2,000 until April 22, and you will not owe a penny of interest on it. You only have to pay interest when you start carrying a balance from month to month.

###

More Credit Card Interest Rate Press Releases

Comments Off

January 25, 2012

New Pre-Paid Credit Cards for People With Bad Credit Updated

Filed under: Credit Card Interest Rate — Tags: cards, Credit, People, prepaid, Updated — admin @ 12:31 pm

New Pre-Paid Credit Cards for People With Bad Credit Updated

Best Recommended Offer

Fort Lauderdale, FL (PRWEB) January 12, 2012

Since the financial meltdown of 2008-2009, more Americans are having to deal with a bad credit history that prevents them from traditional credit card qualification approvals. The web’s leading bad credit consumer resource site, has revised its recommended top prepaid credit cards for people with bad credit that offer guaranteed approvals and instant access to flexible credit.

ReallyBadCreditOffers.com provides offer comparisons and financial guides that have helped hundreds of thousands visitors since its inception in 2005. The site reviews various offers that provide help to people following a financial emergency or hardship and connects people to instant loan offers, credit repair, or bankruptcy help depending on need.

In addition to the quick comparisons of prepaid credit card offers the site has a recommended list of unsecured credit cards that are easy to get approved for those not interested in a secured credit line. The websites stated goal is to help connect people with the help they need, fast, when they need it most in order to make the process of rebuilding as hassle free as possible.

Financial expert Ariel Pryor said, “In today’s world, one can hardly function without a credit card. They are required to purchase airline tickets and for most hotel reservations. Because of the financial crisis and the restrictions in credit that came with it, there are millions of Americans with poor credit scores that are looking for the benefits of a credit card but cannot get approved from the big firms.” Ariel added, “It is our goal to provide information so that people with bad credit can compare the rates and find the best credit card for their particular needs.”

The site also features comparisons for loans of all types including home loans, refinances, debt consolidation loans and credit repair services catering to the credit score burdened consumer.

“It our priority to be the outflank one-stop consumer resource to help populated traditionally denied financing. Whether someone require money, help, or support, we direct to provide it and make a difficult time easier.” Ariel Pryor aforementioned. “The American consumer has been dealt one blow after another in the current financial environment, and we desire to help those that want take control of their financial life, by making it as easy and unsophisticated as possible.”

About ReallyBadCreditOffers.com
The team has been a leading online resource for people facing money problems and financial hardship. The staff searches out the best interest rates, loan amounts and service offers so that it can recommend prepaid credit cards for bad credit, emergency loans, credit repair and bankruptcy services.

Contact:
Ariel Pryor, Financial Expert
http://www.reallybadcreditoffers.com
(520) 344-2001

###

Comments Off

« Newer Posts — Older Posts »