|
Check Your Credit
FREE credit report and score with a FREE 30-day Experian Triple Advantage Monitoring trial. Check & dispute possible inaccuracies. Will not lower your score. Detect critical changes and potential identity fraud. Monitor your credit report to help catch ID fraud early. Order yours now!
|
|
|
| Fixed apr | |||||
|
Issuer:Debt Consolidation Credit requirement: This old adage is not true! The reason is is not true is due to the effect of marginal income taxes. Marginal meaning the amount of tax you would pay on the next dollar you earn. We have all experienced receiving a raise or a bonus only to be disappointed with the size after taxes. Assuming a marginal tax rate of 30%, you would need to earn an extra $142.86 to come out with an extra $100 after taxes! Keep in mind that if you plan on spending that $100 on an item with 8% sales tax, you could only buy something that costs $92.60. To purchase an item that costs $100 assuming 8% sales tax and 30% marginal tax rate, you would need to earn an extra $154.29!A $100 saved is worth at least $150 earned.This fixed apr fact adds to the power to using credit counseling to lower your debt fixed apr payments. By reducing your monthly expenses up to several hundred dollars per month, debt consolidation can offer a fresh start on the road to more healthy personal finances. The most important benefit of consolidation is that it can offer a fresh start on the road to a more healthy financial situation.So, Indeed A penny saved is a penny earned.. Apply for Fixed apr |
|
Credit Card Terminology Tidbits
Annual Percentage Rate (APR): This number is a measure of the cost of credit, expressed as a yearly rate. It must be disclosed before you become obligated on the account and on your account statements. Annual Fee: The fee charged for your card on a yearly basis. Depending on issuer some credit card providers may charge an annual fee, typically below the $50 dollar range, nevertheless some choose not to charge any amount. This latter type is called the no annual fee credit card. Balance Transfer Fee: A fee for transferring balances from another card to this card, if any. Debit Card: Payment card whose funds are withdrawn directly from the cardholder's checking account at the time of sale (online debit) or after the batch settlement occurs (off-line debit). Cardholder: Any person who holds a payment card account. Grace period: The number of days you have to pay your bill in full without triggering any finance charges. With most plans, the grace period applies only to purchases; cash advances and balance transfers may start accruing interest immediately.
Transaction Fees and Other Charges: Some issuers charge a fee if you use the card to get a cash advance, make a late payment,
or exceed your credit limit. Some charge a monthly fee whether or not you use the card.
|