As you will see from my Profile, I live in Stavanger, the oil capitol of Norway.
I have been working for many years in the oil business. Then I start up with my own business as a Stylist, Coach and Colour Therapist (14 years ago).
I’m also very interested in Web. Design. I have been working as an affiliate a couple of years. This is a work that give me lots of joy and I enjoy getting to know so many interesting
people.
I've found this site a great community for small business people and have made some good friends and contacts.
Here's my latest blog. Stay educated with the credit game.
The dangers of a secured credit card
A secured credit card is used only for the purpose of rebuilding your credit. Most banks will charge you a start up fee for the card. This fee can range from $20.00 to $200.00.
The consumer is paying to have a credit card that will charge them interest on their own money. A secured card reports to your credit card just like a real credit card. In some cases it will show secured, but not often. This depends on the company that you get the card from.
My question to many consumer is why would you want to pay interest on your own money? This makes no sense at all. Also, why would you use a card that will lower your credit score when you use it? Most secured credit cards have a minimum deposit of $200.00 or $300.00 deposit. So, when you use more than half of the limit, your score will go down.
More dangers to beware of below:
The company will charge you a high interest rate.
The company will charge you a set up fee, just for the card.
The company will charge you a late fee on your own money if you don’t make the payment on time.
The company will report you late on your own money when you miss a payment on your money.
The only way a secured card will benefit you is when you do not use the card. Let the card work to your advantage. Let the bank pay you money on the secured card, so you gain money. If you are trying to REBUILD your credit this is an excellent way to rebuild your score and make money.
However, you want to use the card to your advantage and the intended purpose. My advice would be to use a secured card like a saving account. Dump any money on the card that you want to save for about a year or longer, just enough for you to rebuild your credit.
Next, pull all your money off the card and close the account (all at once). Remember, the key to credit is playing the credit game. If you do not know the rules, you will loose.
The real question with secured cards is “how much do you want to loose”? One year two years, three years, or forever. Remember, you will pay a yearly fee for that card. If your are paying $59.00 a year, that will cost you around $295.00 for five years.
Last, make sure you get a secured card that has a good interest rate, so you earn more money. Also, one that has a maximum high limit. For example, you can put up to $5,000.00 on some secure credit cards. Most cards have a set limit on how much you can put on the card. So get one that you will benefit from. More blogs like this at www.creditadviseforyou.com
If you are interested in the following: Free Advertisements, The Best Free Home Business Opportunities in America, Free Leads, Free Website, Free Blog, Free Printing, Free Website Submissions and much more,
PLEASE ADD ME AS A FRIEND.
Thank you and GOD Bless,
Sincerely,
Mark Anthony Wilson
Publisher / Editor / CEO
Business Opportunity Marketplace
Pam, though I am changing my role with CEOSPACE, from Gatekeeper to that of an Ambassodor of their Sovereign
Nations Program, I want you to know about their Teen Fest.
ceospace.net...scroll down on the left side of the site, a
Video will require some tissues, it will really excite you. This
is an Entrepreneurial Traiing Program that gives them Celebrity
Mentors etc. I am finally writing books, not just music, and
this one "Stealth Wealth" is blowing even me away. I don't
write about something if I have not fleshed it out. Honored,
Blessings. Donald Ward, Apostolic Facilitator...or what HE
reveals me to be to you.
Hi Pam,
I really appreciate your fanstatic simple concept and I would love to welcome you to this network of great minds. See you at the top, hopefully we should be able to do something together.
Thanks,
Colin.
Where are you going? What will it take to get there?
For example… One of the Nicheology members wrote me about her plan to use the resources and training on the site. She knows where she is going. She knows how she will get there. It’s a… Continue
At the beginning of every year we feel we are starting over with a clean slate. We typically have high hopes are looking forward to the bright future ahead.
Except this year a lot of people are facing layoffs, decrease in revenues, foreclosures and even bankruptcy.
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Greetings Pam ~!
Warm Blessings, Loving and Abundant Vitality~*
Peace ~ Michael :)
I invite you to visit me on my page,
and for Free Enlightened Messages:
http://sta.rtup.biz/profile/MICHAEL736
Hi,
Just dropped by to introduce myself.
As you will see from my Profile, I live in Stavanger, the oil capitol of Norway.
I have been working for many years in the oil business. Then I start up with my own business as a Stylist, Coach and Colour Therapist (14 years ago).
I’m also very interested in Web. Design. I have been working as an affiliate a couple of years. This is a work that give me lots of joy and I enjoy getting to know so many interesting
people.
I've found this site a great community for small business people and have made some good friends and contacts.
Please feel free to Add me as your friend.
As always the best 4 you,
Solcarina
http://solkarina15.blogspot.com
“What you want to do, and what you can do, is limited only by what you can dream.”
- Mike Melville-
Greetings from Germany.
1000 new friends to enrich your life
SIGN UP NOW FREE
Ronald Herrmann
The dangers of a secured credit card
A secured credit card is used only for the purpose of rebuilding your credit. Most banks will charge you a start up fee for the card. This fee can range from $20.00 to $200.00.
The consumer is paying to have a credit card that will charge them interest on their own money. A secured card reports to your credit card just like a real credit card. In some cases it will show secured, but not often. This depends on the company that you get the card from.
My question to many consumer is why would you want to pay interest on your own money? This makes no sense at all. Also, why would you use a card that will lower your credit score when you use it? Most secured credit cards have a minimum deposit of $200.00 or $300.00 deposit. So, when you use more than half of the limit, your score will go down.
More dangers to beware of below:
The company will charge you a high interest rate.
The company will charge you a set up fee, just for the card.
The company will charge you a late fee on your own money if you don’t make the payment on time.
The company will report you late on your own money when you miss a payment on your money.
The only way a secured card will benefit you is when you do not use the card. Let the card work to your advantage. Let the bank pay you money on the secured card, so you gain money. If you are trying to REBUILD your credit this is an excellent way to rebuild your score and make money.
However, you want to use the card to your advantage and the intended purpose. My advice would be to use a secured card like a saving account. Dump any money on the card that you want to save for about a year or longer, just enough for you to rebuild your credit.
Next, pull all your money off the card and close the account (all at once). Remember, the key to credit is playing the credit game. If you do not know the rules, you will loose.
The real question with secured cards is “how much do you want to loose”? One year two years, three years, or forever. Remember, you will pay a yearly fee for that card. If your are paying $59.00 a year, that will cost you around $295.00 for five years.
Last, make sure you get a secured card that has a good interest rate, so you earn more money. Also, one that has a maximum high limit. For example, you can put up to $5,000.00 on some secure credit cards. Most cards have a set limit on how much you can put on the card. So get one that you will benefit from. More blogs like this at www.creditadviseforyou.com
Visit Outspoken Reality Social Network (EDUCATION ON A NEW LEVEL)
Don’t miss out on important information, don’t ignore the signs, and come get blessed with free knowledge. .Outspoken Reality
This is a great network to teach and learn.
If you are interested in the following: Free Advertisements, The Best Free Home Business Opportunities in America, Free Leads, Free Website, Free Blog, Free Printing, Free Website Submissions and much more,
PLEASE ADD ME AS A FRIEND.
Thank you and GOD Bless,
Sincerely,
Mark Anthony Wilson
Publisher / Editor / CEO
Business Opportunity Marketplace
Nations Program, I want you to know about their Teen Fest.
ceospace.net...scroll down on the left side of the site, a
Video will require some tissues, it will really excite you. This
is an Entrepreneurial Traiing Program that gives them Celebrity
Mentors etc. I am finally writing books, not just music, and
this one "Stealth Wealth" is blowing even me away. I don't
write about something if I have not fleshed it out. Honored,
Blessings. Donald Ward, Apostolic Facilitator...or what HE
reveals me to be to you.
GO TO
WWW.MAKECASHINVESTING.COM
I really appreciate your fanstatic simple concept and I would love to welcome you to this network of great minds. See you at the top, hopefully we should be able to do something together.
Thanks,
Colin.
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