Fiscal Fitness 2004

first_imgNot a utility billCredit card solicitations can take on an abusive nature in anumber of ways. Some come in your mailbox and look like a utilitybill. They’re marked with the word “INVOICE” across the top. Butvery small print at the bottom reads, “This is a solicitation.”Sometimes people set up shop in high-traffic areas on collegecampuses or shopping malls and hawk credit cards. With most ofthese, people sign up for a credit card and end up with very highinterest rates and unusual fees and charges.Some solicitations advertise a low interest rate and high creditlimit. However, few people will actually qualify for this rate orthe high credit limit.Does paying more than $200 in fees for a credit card with a $19credit limit sound like a good deal to you? Some “prepay” creditcards actually offer “deals” like this.As more people suffer from damaged credit, some credit cardcompanies and banks are becoming more creative with ways to makea profit from their despair.People with damaged credit who would otherwise be unable to get acredit card can now prove their willingness to pay through theuse of a prepay card. At least, that’s the idea behind thesecards.In actuality, the prepay cards come with sometimeshard-to-understand setup fees, application fees, acceptance fees,annualfees and monthly fees.If a consumer with poor credit has $300 to put toward a prepaycredit card, he may have only $20 left to spend after paying allthe fees. By Michael RupuredUniversity of GeorgiaAs with most business deals, there are good and bad credit cardoffers for today’s consumers. Just be sure you don’t sign up fora credit card just because you want the free alarm clock. Thatfree clock could cost way more than you’d think.Credit card solicitations are aimed at many different groups ofpeople. Many are legitimate and just what you’re looking for.Unfortunately, some that are targeted to people with bad creditaren’t very good deals. Victims may focus on a free gift ratherthan the credit terms.These solicitations may target college students and people withcredit problems, but everyone is vulnerable. Shop aroundMany consumers may not understand that there are better optionsout there. By simply shopping around, they could find a card thatgives them a true line of credit, rather than a prepaid card.If your goal is to reestablish your credit, a secured card isprobably your best choice. The fees and interest rates tend to belower on some secured cards than on the unsecured cards that aretargeted to the damaged-credit consumer.Remember, no matter what card you choose, the idea is to build abetter credit history. Stick to small purchases you can afford topay off each month.As with all business transactions, don’t make a hasty decision.Shop around and always read the fine print. And remember that thebest deals probably aren’t the ones that come to you. They’re theones you have to seek out.last_img read more


first_imgDONEGAL TD Padraig Mac Lochlainn has today issued a new statement in the row over the conflict in the North.The Inishowen man spoke out after his appearance on Tonight with Vincent Browne in the wake of the controversial Smithwick Tribunal report. Sinn Fein faced criticism for failing to condemn the killings of two senior RUC officers.“Apparently some have misinterpreted my comments that the Vincent Browne Tonight programme I participated in last Wednesday night was a “stitch up” of four against one (including the presenter) on an emotive issue like the war in the Six Counties as withdrawing from the comments I made,” said the TD in a statement today. “My full interview on Highland Radio was not aired due to the death of Nelson Mandela. Had it been, it would be clear that I was not withdrawing at all. I will never participate in the criminalisation and demonisation of the young men and women who fought in the IRA in the most recent conflict from the late 60s to the 90s.“I will also not hesitate to challenge the rank hypocrisy of those who venerate the 1916 rising leaders and the IRA of the War of Independence while criminalising those they abandoned to what was an apartheid state and who fought against it for the dignity and equality of their people.“Their hypocrisy is evident again with the passing of the great Nelson Mandela,” he added.Donegal Daily’s report from Wednesday night is here:  TD Mac LOCHLAINN: ‘I WILL NEVER DEMONISE IRA VOLUNTEERS’ was last modified: December 7th, 2013 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:IRAPadraig Mac LochlainnSinn FeinSmithwick reportTonight with Vincent Brownelast_img read more