A free credit report Augusta

Tags: Credit, Relief Posted in fixed rate credit cards | Comments Off If you are going to play the credit card game, you have to know the terminology. Companies literally bank on you not being fully aware a free credit report Augusta of the convoluted playing field they have invited you to. So to save yourself a lot of a free credit report Augusta grief- money and frustration- it pays to become familiar with the vocabulary of credit cards. Annual Fee- Some card issuers (notably American Express and other charge cards) charge an annual fee. They can range from $40 to $200 or more, depending on the card. Most credit cards (Visa, MasterCard, Discover) do not charge an annual fee. APR (Annual Percentage Rate)- The interest rate applied to your balance if it is not paid off in full by a free credit report Augusta the end of the billing cycle.

Yet even a fixed rate can change, but the creditor must inform you in writing. There are also different APRs for different types of balances- balance transfers or purchases. law free credit report Balance- The amount you owe the credit card company at any given time. The a free credit report Augusta higher your balance, the lower your available credit. Balance Transfer- The process of moving debt from one creditor to another. Card issuers often offer low interest rates on balance transfers to entice new business. Credit Limit- The maximum amount you can charge to your card. If you go over this limit, heavy fines are applied by the creditor. Grace Period- The a free credit report Augusta amount of time after your payment due date and before late fees are applied to your account. If you have already used your grace period in a previous month, you may not have one available. order a credit report

Balance transfers and cash advances usually do not have grace periods.

Introductory Rate- Also called a Teaser Rate, this is when credit card companies offer low introductory interest rates to get your business. However, they very often a free credit report Augusta balloon to much higher rates later. Minimum Payment- The minimum amount you can pay each month and still avoid going into default. For example, making the minimum payment on $5000 each month will result in you paying almost $2000 in interest alone.

Principal- The amount of money you borrowed before interest is applied.

Transaction Fees and other charges- Many credit a free credit report Augusta cards contain costs outside the normal monthly payments. Cash advance fees, late fees and over the limit fees are a few examples. The credit world is full of jargon and slang only those in the know are familiar with.

Do not get taken for a ride because you do not understand the terms. Spend a little time becoming an expert on your money. Clint Alexander invites a free credit report Augusta you join him on his quest for a Debt Free Life. info free credit report When you fully commit to realizing that life you have only dreamed of free from worry and empowered to succeed, good things will start to happen. Remember- do your research and find products that are best for you. For a good start, try Christian Whitings outstanding program Debt Busters at http://familybudgetguide.info. Tags: Credit, Terminology Posted in fixed rate credit cards | Comments Off If youre a student, it is understood that you dont have an established credit history. That is why you need to select the lowest apr rate student credit card after the initial sign up period.