TOP CREDIT RESOURCES » Credit Cards

What happens to credit cards debts when your parent dies?

admin — Sat, 21 Jan 2012 07:22:38 +0000

If your parent dies what will happen to their credit card debts? Will the children have to pay it off? Plus their parent will In Canada now but has a two credit cards in the Niagara Falls, New York.

Thanks!

While I don’t know Canadian law, my guess it is pretty similar to US in that the estate is responsible for the debts. Assets must be used to pay off the debts before being distributed to heirs. If there are not enough assets to cover the debts, the heirs do not inherit the debt.

What credit cards will my business be able to accept?

admin — Fri, 20 Jan 2012 01:24:23 +0000

I have a small business and want to increase credibility, customer convenience on sales by accepting credit cards. Statistics say accepting credit cards can increase sales by 30 to 100% .What credit cards will my business be able to accept?

I say check the ones that do not charge you a fee for taking accepting them from your customers. I have heard that some places refuse certain credit cards because they charge the business fees in order to process them…check the ones I have listed below…
Discover
Visa
Mastercard
I heard American Express is one that charges fees…I do not carry that card.

What should I know about credit cards and are there fees i have to pay for having a credit card?

admin — Tue, 13 Dec 2011 03:48:17 +0000

First of all i know nothing about anything much, loses memory U__U
I am wondering what should i know about credit cards, but before anything just to say i don’t have bills to pay or anything getting money due to some car incidents and planning to put it in my account. Are there somethings such as fee i must pay for using credit cards or overuse? Please help and get me some recommendations for credit cards thanks!

It really depends on the credit card If this is your first card i would recommend a capital one
Journey card as there is no annual fee and its one your more likely to get approved for. The interest rate is dependent on the card this is the main other fee as well but only applies if you do not pay off your full balance every month. Other wise there are usually no fees for using cards you actually can get money back if you use it right!

Hope this helps! Good Luck!

How do balance transfer credit cards work?

admin — Fri, 02 Dec 2011 03:03:37 +0000

I have debt I need to tackle and was told about 0% transfer cards. Are these cards only used when your debt is with other credit cards? Or can they be used if I owe payday loan lenders?
Basically my credit score is still good I was just wondering is it possible to get a card with £5000 and with 0% interest for 6+ months so I can pay this off as quickly as possible and rid myself of debt? How exactly do these work as opposed to standard credit cards / what is my best bet? Thanks in advance for any advice.

1) the credit limit you get is up to the lender and in today’s environment getting 5000 pnds is asking a lot for a new card. You are much better off if a bank will lend you money on an installment loan

What credit cards can I apply for with no credit?

admin — Mon, 10 Oct 2011 00:02:02 +0000

I am a college student and I want a credit card or two to help start building my credit. What credit cards can I apply for with no credit history?

New federal regulations are making it extremely hard for anyone under 21 to get a credit card.
You must have employment for 1 full year (full time)
And, have sufficient salary to support a card.
A checking account and a savings

IF you get a card, make sure you pay in full each month.
Never dare carry balances which can only destroy credit.

Get your parents to co-sign on a card with you. Discover allows this.
But… only do this if they have amazing credit.
^ if they carry balances or have debt, do not co-mingle your finances with theirs

Also consider a secured card from your bank.
Again. No games of carrying balances that can easily destroy credit

Note: Plenty of people buy their first car without any credit.
They have proof of their income, employment, and savings accounts.
Along with a nice down payment.
Don’t struggle if you don’t have credit.
A bank will look at your overall financial health and your ability to pay back

What is the difference between VISA credit cards and VISA® credit cards?

admin — Wed, 07 Sep 2011 17:04:25 +0000

I wish to avail one. In many places VISA® credit cards are mandatory. For example, last year I tried to register for G.R.E., and they did not accept my Axis bank debit card which is a VISA card. In their website, they ask for VISA® or MasterCard® credit card/debit card. Can anyone please explain?

The ® just means the name VISA is a registered trademark. There is no difference.

Debit cards are cards linked directly to your cash account. When you use a debit card, the merchant gets the money almost immediately.

But some merchants don’t accept debit cards because of business policy – rental cars were that way at one time – they were afraid that you would rent the car for two days, then close the account and keep the car – call it paranoid. Other merchant’s don’t accept credit cards because they want their money immediately.

There’s a code on the mag stripe that tells the type of card and how it can be used – ATM only, no foreign transactions, unliimited, etc. Some debit cards are ATM only – can’t make a purchase. So it depends upon your card and bank. Your bank may be able to explain better.

How often do credit cards send info to the credit reporting agencies?

admin — Mon, 01 Aug 2011 15:22:43 +0000

I just paid off two cards in anticipation of applying for a loan. I’d like those cards to show up as zero balance on my credit report. How often are these reports updated? Should I call them and ask them to send an update? How long will I need to wait for these to be recorded as zero balance. Thanks!

Most credit cards update to credit bureaus monthly — and not necessarily to each credit bureau on the same day.

You can call but it is highly unlikely the credit card company will bother manually updating your account. The updates are all computerized.

What are the easiest credit cards to get for someone who just turned 18?

admin — Tue, 17 May 2011 03:21:16 +0000

I just turned 18 and I want to establish my credit. I dont want a loan for a car or borrow alot of money. I just want to get a credit card with a low credit limit so I can start establishing it. Where are the easiest places to get credit cards?..can my parents let me use their credit if i wanna get a good credit card.they have good credit.

a secured credit card at a bank or credit union. Your parents could even loan you the money that will sit in a dedicated account and then you pay them back over time, and the dedicated account becomes your money, or when you graduate to an unsecured card you can give them back the deposit, plus the interest it earned.

How do credit cards Revolutionize they way we live today?

admin — Sat, 12 Feb 2011 01:21:15 +0000

How did credit cards Revolutionize they way we live today?
Do you the history of the credit card?
How do credit cards effect us?
Positively
Negatively?
Thanks!

Google: History of the credit card or go to http://en.wikipedia.org/wiki/Credit_card
Google the rest of your questions such as
How do credit cards affect us positively.
——–
Don’t copy a word of wikipedia. Teachers have this memorized…

What percentage of world credit card holders have gold or platinum credit cards?

admin — Thu, 20 Jan 2011 08:33:14 +0000

I can’t find this information online anywhere, but I just need to know how many others have gold or platinum credit cards besides myself? Thanks.

This is a difficult question to answer. There are so many people in the world and you would never really be able to get an exact answer.

Good Luck!