| |
| |
|
Credit Information |
|
|
|
7 Compelling Reasons Why A Prepaid Debit Card May Be Just The Financial Tool You Need
Prepaid debit cards are great financial tools and may be just the financial tool you need. Here a seven compelling reasons why: 1. A prepaid debit card helps you stay out of debt because the money you spend is your own. Credit cards encourage you to spend money you don't have, thereby giving you a false sense of reality. In truth, by using a credit card what you're doing is borrowing money from someone else (your card provider) to purchase the things you want. However, with a prepaid debit card the money you spend is your own. 2. Prepaid debit cards helps you control your spending habits, because in most cases you cannot spend over the amount you have in your account. 3. A Debit card can be the perfect way to pay your freelancer if you are a small business owner. Simply issue your freelancer a card and load funds onto the card whenever you want to pay them for a completed project. 4. You can use a prepaid debit card to send money to your loved ones abroad or to your college age children away at school. Some debit cards allow you to have two cards for one account and in this case you will be able to keep one for yourself and send the second to your loved one. Once they have received their card you can loaded funds to your account and call the other person to tell them how much money they can access from the nearest ATM or POS merchant. Their money is instantly available worldwide. It's a cheaper and faster alternative to expensive money transfer companies. 5. Prepaid debit cards are a safer way for employees to receive their salaries. Statistics indicate that in the United States over 3 million payroll checks are stolen each year. However, with the use of direct deposit combined with a payroll debit card, there is no worry of that ever happening. Also, through the use of direct deposit and a payroll debit card, you will have immediate access to your wages, 24 hours a day, 365 days a year - no matter what part of the world you're in. You will also save time by having your salary deposited to your payroll debit card - no more standing on long lines each pay period in the bank to cash your check. 6. A debit card is a convenient and affordable solution for the unbanked. Over 10 million households in the United States alone do not have bank accounts. In cases like these debit cards can serve as bank accounts. They can be used to access cash or make purchases at merchants such as gas stations, grocery stores or convenience stores. Additionally, debit cards can be just as useful as regular Mastercards or Visas because in many cases they can be used to purchase goods and services not only in shops but on the internet, and via mail order and to withdraw cash at home and abroad from ATMs (cash dispensers). 7. Prepaid debit cards are easier to apply for than credit cards. Often, they require no bank account, no employment verification, no credit checks and no security deposit. If you've been turned down for traditional bank issued credit cards because of poor credit, bad credit or no credit at all, try applying for a prepaid debit card. Some prepaid debit cards have a built in credit reporting feature which make it easier for people with bad credit to rebuild their credit histories by reporting their monthly payments to the major credit reporting bureaus. For more information about Prepaid Debit Cards, check out THE definitive guide to prepaid debit cards of all kinds including: prepaid mastercards, payroll debit cards, debit gift cards, virtual credit cards, offshore, US and international debit cards, at: http://www.debit-card-guide.com Permission to reprint with full attribution.
MORE RESOURCES:
Credit - Google News |
|
|
|
RELATED ARTICLES
Shoppers Beware - Tis The Season It's the number one complaint from consumers and it only takes a moment for you to become a victim. While you search for holiday bargains, identity thieves are searching for targets - unsuspecting consumers. Credit Cards Can Help You Get Out Of Debt Your credit rating / credit score is based upon how you have dealt with credit previously. If you have always paid the full amount owing and never missed a payment then your credit score will be high. A Cure for an Ailing Credit Credit has become a much-used word, thanks to the various connotations that it is being used in. Transactions in which the payment is deferred to the near future are termed as credit transactions. Credit Card Incentives Credit card companies want your business. After all, lending money to people is profitable. Credit Card Rates - Negotiating Rates with Your Credit Card Company Ok, let's face it, everybody hates high credit card rates, and they drain hard earned money out of your wallet. As a valued consumer, it is apparent that you learn how to negotiate to get the absolute best rate that you possibly can. Credit Card Balance Transfers Can Help You Stop Putting Money Down The Drain As you probably know, interest rates are at all time low right now and if you aren't getting the best deal from your credit card company then they owe it to you to either lower your rate, or you owe it to yourself to find a better deal. You see, credit card companies need your business in order to succeed and if you refuse to pay a penny more than you have to then you'll be doing yourself and others a big favour indeed. What Is the Fair Credit Reporting Act and What You Should Know About It The Fair Credit Reporting Act (FCRA) and the recent update to this law called the Fair and Accurate Credit Transactions Act (FACTA) protect consumers against inaccurate information being reported by credit bureaus and the privacy of that information. What does this mean to you?When you make purchases on a credit card, make payments to your accounts, open new bank or credit accounts, borrow money, buy a house or a car, and even fund your education, your financial information is reported by creditors and lenders to a credit bureau. What You Didnt Know About Your Credit Card Numbers Have you ever really looked at your credit card and tried to figure out what that huge string of numbers really means? Do these card issuers have so many customers that your account number has to be 16 digits long?You may be surprised to know that all those numbers you see actually do stand for something, and it's not just who you are. Let's take a look. I've Heard About FACTA; What Does It mean? What FACTA means is that if you, as an individual, lose the information on anyone you have ever hired; or, for any business in the United States of America that collects any personal information on people, if the information should be lost due to not destroying the information properly, then two things can happen. First, there are federal fines of up to $2,500. Taking Control of Your Credit History Your credit history is important; in fact, in this day and age, only family and your time are more important than your credit history! The first time you established a payment commitment over a period of time for a purchase, you began your history of credit, and the credit bureau created your account. Payments such as the electric company, a rental agreement, a cell phone, a car payment or a low-rate credit card which you also have a responsibility to repay are not reported to the credit bureaus as a part of your credit history. SuperCharged Secret 5, Credit Card Utopia LIVING IN CREDIT CARD UTOPIALet's just take a brief moment to recap:If you've been following along on this journey with me, learning the 5 Super-Charged secrets to Credit Card Utopia, then you now know 4 very important things:You now know how to take advantage of zero to low interest credit card offers.You now know that there is safety in numbers, and you know the magic "Who's Who" of the major credit card companies. Debit Card vs. Credit Card, What Are The Differences ? Ah, the "good old days". If you are a baby boomer, like me, then you probably remember how important it was to rush to the bank on payday. What Are The Most Common Credit Card Mistakes? Now in a world with so many easy to get credit cards it can be easy for someone who is a first time credit card holder, or even someone who has several credit cards in the past to make mistakes when using the card.One of the most common mistakes when using credit cards is to use the credit card to make purchases of things you are not really able to afford. Credit Report Hassles There is no end to the amount of pain that your credit report can cause you. If you have a bad credit history this is something that can follow you around and wreak havoc on your life without you even knowing it. How to Dispute Credit Report Errors Your credit report--a type of consumer report--contains information about where you work and live and how you pay your bills. It also may show whether you've been sued or arrested or have filed for bankruptcy. Good Credit -- Essential for the Prospective Home Buyer Credit is a funny thing. It can be a useful tool in the hands of an informed individual, or a weight of burden to the unsuspecting. The Things That UK Lenders Like to See on Your Credit File, (and? What They Don't Like to See!) Lenders are quite fussy about what they like to see on your credit report. So much so that you will have a hard time to meet their high expectations. How to Improve Your Credit Rating So you got into debt, had problems but you got yourself back on your feet through hard work and sacrifice and how are you rewarded? A Bad Credit Rating.You would be forgiven for thinking thats not fair and why did you bother sorting yourself out if your hands are still tied when it comes to applying for anything financial? There are ways to improve your credit rating and get back on track completely. How Can A Qualified Mortgage Consultant Help Boost Your Credit Scores? Consumers interested in purchasing or refinancing a home will pay an interest rate based on current market conditions and their ability to pay back the loan. The borrower's income and debt ratios are taken into consideration by the lender, as well as the predictability factor provided by credit scoring. Credit Card Debt: One Way To Avoid It One of the biggest problems people have in these modern times is Credit card debt, and worst is USA. Simply because there have always been so many laws and regulations before you could have a card in the rest of the world, you can't for instance borrow someone elses card and go shopping because you always have to show some ID before they accept cards in Europe.
|
| Good Credit Loans | home | site map | School Bus Clothing | Florida Pool Heating |
| © 2006 |
