Posted by Peter Brady on Tue 24th October 2006 at 07:00 AM, Filed in Glossary
This is a loss by a payer which is the consequence of a Direct Debit transaction error.
CADAN (Customer Asynchronous Dial Access Network)
This is essentially a type of 10+ BACSTEL connection that is used exclusively for BACS providing a more secure connection than other versions.
Posted by Peter Brady on Thu 19th October 2006 at 06:00 AM, Filed in Credit Tips
Every time you spend on your credit card, that action is logged and stored as part of your personal financial history.
If you pay your credit card bill on time or not, that is also stored and fed into your credit history.
Why is it worth keeping that history clean?
1. The ability to buy expensive items, like a home or new car.
2. An option to draw additional funds when needed.
3. Allows the option to fund unexpected expenses.
4. A poor credit history doesn’t only affect your ability to acquire credit cards, it affects many other things too, like getting a mortgage or hiring car.
What’s the best way to keep a good credit history?
1. Keep to a budget.
2. Set up a direct debit to pay off your credit card balance each month or set a reminder to pay off the debt before the expiry of the interest free period.
3. Put away a little money each month into a savings account.
4. Consolidate credit card balances into one cheaper form of credit.
5. If you own a home, consider taking out a home equity loan to pay off the balances on your credit cards.
6. Make sure you have sufficient funds to cover checks. A bounced check will impact on your credit score.
There seems to be growing evidence of the UK slipping even further into personal debt hell.
Only recently a warning issued by a charity indicated that many in their 50’s have the most acute credit card problems. That was quite a surprise to me as it might be to others. I guess the cliché of the spend thrift parent from the post war generation has been well and truly put to bed.
According to the study:
Read more...
Posted by Peter Brady on Tue 17th October 2006 at 06:00 AM, Filed in US Credit Cards
Forget the aesthetic styling with this card, the features look cool. In particular the regular APR gives food for thought at a mouthwateringly low 6.81%. It goes without saying that you’re going to need an excellent credit reference. As with everything, you also need to check the small print for any potential catches.
- No annual membership fee.
- No balance transfer fee.
- Choose your own card design.
- Extended warranties on what you buy.
- Collision, Damage, and Loss Insurance on rental cars.
- Regular APR 6.81%
Credit Card Cool award a **** ranking out of a potential ***** star ranking for this Credit Card.
