Credit Score For Dummies

Identity thieves and credit card scammers are more relentless than ever in their pursuit of your personal financial information, and as more people are opting to conduct their shopping and their financial transaction online, the number of credit card scams increases proportionately.  Armed with nothing more than a computer keyboard and a geek’s knowledge of how to prowl the cloud, they work 24/7 from all corners of the globe to find new ways to ruin your life.

This year will see a record number of credit card scams and victims, so it is all the more vital that you do everything you can to protect yourself. Wh

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Private sector lender Development Credit Bank has come up with a new credit card which allows benefits of credit as well as returns of fixed deposit.

Its new offering, the DCB PayLess credit card is linked to a fixed deposit account thereby bringing dual benefits to the customer.

According to Mr Abhijit Bose, Group Senior Vice-President and Head – Retail, MSME Assets and Cards business, Development Credit Bank, “We are launching this card primarily for the micro, small and medium entrepreneurs (MSME) segment, but even housewives, self-employed, and so on, can avail themselves of this product.”

The eligibility criteria for the card requires the customer to set up a fixed deposit account of atleast Rs 25000 value.

Bose added that, “If they place a deposit with the bank, 90 per cent credit is loaded on the card.”

The card would have a repayment period between 15-45 days.

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An instant approval credit card offers approval in just a matter of minutes. There is no need to visit your local bank just to fill out and submit your credit card application. Instead, application is done online so it is very easy and convenient.

If you search the market, you will find several credit cards instant approval offers. How can you pick out the best one? Consider the following tips:

Check the issuer’s credit requirement. An instant approval credit card offer is not necessarily a guarantee that your application will get approved regardless of your credit rating. Some credit card companies do have strict credit requirement so if you have a low credit score or a history of bad credit, your application may be declined. B

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An instant approval credit card offers approval in just a matter of minutes. There is no need to visit your local bank just to fill out and submit your credit card application. Instead, application is done online so it is very easy and convenient.

If you search the market, you will find several credit cards instant approval offers. How can you pick out the best one? Consider the following tips:

Check the issuer’s credit requirement. An instant approval credit card offer is not necessarily a guarantee that your application will get approved regardless of your credit rating. Some credit card companies do have strict credit requirement so if you have a low credit score or a history of bad credit, your application may be declined. B

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Credit cards can be a great asset as they allow you to have access to a line of credit that you may not have otherwise if it were not for the credit card. Used right they can really aid your cash flow each month. On the other hand, if you have already accessed this line of credit and find yourself now in the position of having to pay this debt back and want to do if fast, then there are some things you can do speed up the paying-back process (which will also save you lots of money on interest payments!).

1. Create a Household Budget

Before you can start reducing your debt you need to figure out why you are going into debt and find ways to change your spending habits.

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A few month ago, TechCrunch founder Michael Arrington ranted on TechCrunch about how his applications for an American Express credit card were repeatedly denied, despite his “good/excellent” credit rating of 748.

After the post was published and received hundreds of comments, Tweets, and a healthy helping of buzz, an American Express representative called Arrington and offered him a $15,000 credit limit on a brand new AmEx card. Here’s the full recap.

For the rest of us, no matter how much we rant, rave, and blog, we likely won’t be receiving a personal phone call from an issuer offering a credit card on a silver platter. But, wi

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