The Most Common Types of Guaranteed Loans

By Trinity Townsend

The term guaranteed loan might mean different things to different people. It might mean that if you apply for a loan, you are guaranteed to get one. Or maybe it means that if you borrow money, it is guaranteed you will pay it back. The reality is that there are a few different common types of guaranteed loans.

Personal loans are a common type of guaranteed loan. They are considered guaranteed because they are almost always granted. They are really easy to get, even for people with poor credit. Guaranteed personal loans don't require a credit check or collateral most of the time. Since there is very little personal information required to apply, there is not a lot of paperwork to fill out. The turnaround time for processing of the loan usually only takes a day or two.

Government guaranteed loans are another kind of loan. Within the umbrella of government guaranteed loans, there are a few different kinds of loans. The title of the loan comes from the fact that the government is backing up the loan. Lenders don't have to shoulder the responsibility of the loan since the government will continue to pay on any defaulted loans.

One very common government guaranteed loan is a student loan. There are several different student loans including Stafford and Perkins loans that the government backs. Since the government is backing the loan, lenders are usually not as concerned with the borrower's credit history. Students can usually receive pretty good interest rates with their student loan as well thanks to the government guarantee.

For most lenders, it is just considered too risky to lend money to someone for a new business. Especially in today's economy, there are just too big of a chance that the business will fail leaving the borrower unable to pay back the lender. Lenders wouldn't be willing to take the risk without the government backing the loan. With the government business loan, there are more opportunities for people with a dream to make the dream a reality and become a business owner.

So no matter what your needs are, there are several different kinds of guaranteed loans available to help meet those needs.

About the Author:

Trinity helps people to learn about student loans, how to find a guaranteed loan, and about personal loans for people with bad credit.

Repairing Your Credit With Poor Credit Cards!

By Philip Crafton

Poor credit cards are quickly becoming one of the top ways to get yourself out of debt, and if you are having financial difficulties, it is definitely going to be something that you will want to consider for yourself.

All that poor credit cards are, are cards that are prepaid or secured. While there is a set amount that is put on them, you will find that they are going to be ideal when you can make regular payments on them each month every month.

You may be wondering why you would want to take out a card when there are other cards that you need to pay off. If you have creditors at the door or collection agencies that simply won't leave you alone, it feels like getting another card is the last thing that you want. However, a little reflection will tell you precisely why this can be the best thing that you do for your credit.

1.Remember that your credit history is not changing any time fast.

If you have a low credit score, you will find that it can take you ages to fix it. Your only options are generally to wait it out. While it might seem that building up good credit is something that needs to wait until you are out of debt, poor credit cards can help you out. While you are in debt, you will find that having one of these cards will help you start repairing your credit rating right away, rather than waiting the years that it might take before you are even back to good starting point.

2.Get to know your credit score

The more you know about your own financial situation, the better off you are going to be. Remember that many states are required to give you a credit score upon request, and at the end of the day, you are going to need to think about what you can do with it. Always know where you stand financially. In some cases, it may not be nearly as bad as you think

3.Have a plan

When you want to get out of debt, remember that you need a plan. There are a number of ways for you to get ahead with poor credit cards, but remember that a plan is very important. Consider putting your bills on the card, as you will know what is coming due at the end of every month. Remember that the fewer surprises you have to deal with, the better off you are going to be.

Remember that poor credit cards can help you out quite a lot. If you are looking over your credit card solution and not liking what you see, it is time to find out what options are going to be open to you.

About the Author:

Stop by to see all of the offers for poor credit cards at www.credit-in-minutes.com. Philip Crafton has over four years of experience in debt management that can help you find the right solutions.

Credit Counseling Explained

By William Blake

It is not unusual for a person to be shouldering much more debt then he actually can handle. Most people have a sizeable amount of debt that they deal with each month and for some it eventually gets out of hand and impossible to maintain. For those people credit counseling can offer some assistance. What can a credit counselor do for you?

A person with a sizeable debt that is hard to manage may consider talking to a credit counselor. A credit counselor is someone who is well versed in the area of debt management and repayment. Their job is to help an individual not only to get out from under their debt situation, but also to educate them on how not to end up there again.

Your credit counselor is interested in helping you get back on your feet financially. They work for you. However, one of their goals is to get your creditors paid as much of the money owed to them that they possibly can. With both objectives in mind and after reviewing your situation they can develop a budget for you.

The debt repayment plan takes into account your assets, earnings, and ability to pay. The monthly payment will be based on what you can pay without causing other bills to fall behind.

These counselors have established a rapport with many creditors and know what they will and will not accept concerning payment arrangements. As much as fifty percent or more of your outstanding debt could be forgiven.

If your counselor is certified this means that he has a financial background and keeps up his certification through continuing education and training. This is all to your benefit. You have someone working for you who has experience in knowledge in the field and can pass that on to you.

Once they get you back on track they give you detailed instruction on how to stay there. One important aspect of that is being well informed about your credit report and your credit scores. They instruct you on how to keep up with your credit report and review your scores regularly. They also help you readjust your attitude toward spending money so that you can avoid repeating the same financial mistakes down the road.

With the information and tools given to you by you credit counselor you can begin to rebuild your credit right away. They will give you all the instruction you need to turn your credit around.

About the Author:

Are you thinking of trying to lower your payments by negotiating credit card debt yourself? Be sure to visit the Debtopedia website to get some helpful information & advice first.

Websites with a Secured Loan Calculator

By Madeline Monarch

There are several benefits to using a secured loan calculator including, but not limited to, helping you find the lowest rates of interest and which loan best suites your needs, but it may also be able to help when it comes time to decide the length of time the loan will span and how much monthly loan payments will be.

One of the best tools available to find low rates of interest as easily as possible is a website specializing in loans and offers a secured loan calculator directly on the site. By using this tool you are able to search the entire loan marketplace to make sure you have found the best loan possible for your particular needs in the quickest time possible. This will make it easier to secure the lowest interest rates available.

A secured loan usually requires that you put another owned property up for collateral and the amount you will borrow could be based upon the equity you may have in the property. Using a secured loan calculator can help you figure out how to lower monthly payments, but remember, more interest will accumulate over time if you choose the loan with the longer period for repayment. And the secured loan calculator should be used as a guide and does not include application fees or payment protection insurance.

Interest rates can vary so get as many quotes as possible to compare with one another. It is a very good idea to look for the best method to suit specific loan needs and increasing your odds of finding the best deal possible and the lowest interest rate.

When a larger amount of money is to be borrowed over a longer period of time, is usually a secured loan, compared to that of an unsecured loan or a personal loan so it is good to look at how this type of loan works. A secured loan calculator will determine how much interest will be added to the cost of borrowing a specified amount within a repayment period.

Where you have found your secured loan calculator, will also include the listed facts that are usually included in the quote such as any small print. Contact the specialists for answers to your questions if need be, when gathering information for quotes.

Additional costs where you were not expecting to pay more could come in the form of items you were not aware existed. Examples of details within a loan that could be additional costs, again would be, repayment fees, payment protection insurance and any others you were not expecting that the secured loan calculator doesn't calculate. Read the details and go over the findings with your loan specialist.

Keep in mind the secured loan calculator offers general information by the manual input of numbers and should not replace the expertise or information a loan specialist may have to offer. Seek professional advice pertaining to your individual situation.

About the Author:

This article is brought to you by the experts at EFD Commercial Investments Inc. For more information about Secured mortgage, visit their Secured mortgage Calculator page.

Loan Modification- Save Yourself from Financial Distress

By Carina McMullen

For too many Americans, foreclosure is a word that is becoming commonplace. This is because times are hard, work is hard to find, and money is very limited. However, you don't have to give up your home just because your loan is suddenly out of your budget. There are many things to consider before you throw in the towel, including the process of loan modification.

Loan modification can help you get back on track with your mortgage, by changing payment schedules and even eliminating penalties and fees to make your payments more manageable. If you've been laid off from your job or have lost hours, you need to find a way to keep your home so that your family has a place to live. Even if you just bought something that was more than you could afford, checking out the process of modifying your home loan can be a lifesaver.

Loan modification should only be conducted by professionals. Since they know the industry secrets and how things work, they'll be able to work with your lender to get your mortgage loan back on track in ways that might not be available to you. By getting your mortgage modified, you can lower interest rates, defer payments, eliminate fees that have accrued, and even split up your mortgage payments so that you can afford paying for your home loan and avoid losing it to foreclosure.

The loan modification process is NOT a refinancing loan for your home, nor does it transfer the ownership of your loan to another company. Modification advisors simply work with your lender on your behalf to find solutions to your mortgage payments that work for you. You don't have to have good credit or any credit really, because you're not getting a new loan. When you work with a loan modification company, you are simply changing the way that you pay your mortgage loan.

Although many mortgage companies encourage people to contact them directly, you're likely to be turned away or denied certain options that a loan modification company could get for you. As a consumer, the lender looks at you as less informed about the lending industry, and therefore doesn't offer you the deals that they might give to someone who knows more inside secrets. You should never just throw in the towel and let your home get taken from you. You need to check out all of your options, including loan modification, and try to save your home in every way possible first.

About the Author:

Loan Modification has become a method of stopping foreclosure and relieve homeowners of unaffordable mortgage payments. Mortgage Modification may be a great solution for struggling homeowners who owe more on their mortgage than their home is worth.

Tampa Condominiums

By A. Kim

Many attractions for families are located in the heart of the Florida. Tampa Bay is surrounded by beautiful beaches and parks and many attractions like Adventure Island, Busch Gardens, Universal Studios, and Disney are short distance away for you to visit.

Many Tampa condominiums are either privately owned or the can be rented out as a vacation rental. These many attractions are the reason why so many people visit and stay in one of these vacation condos.

One of the most popular types of condos in Tampa is the seasonal rentals. This allows tourists to visit and rent a fully equip condo so that they can feel more at home during their vacation. With the ever rising costs of produce, gas and everything else, renting a condo while on vacation makes much more sense.

You will have the luxury of a fully equip kitchen so you can save a great deal on meals. You can cook your meals when you want without having to pay a small fortune for eating out. This can make the over all experience of your vacation much more enjoyable. You will not be cramped in a hotel or have to worry about gas to get around to restaurants.

Most people enjoy the luxurious amenities lie spa, gym, and pool that comes with condo living, without the crowded hotel guest. The private nature of these Tampa condominiums make it more safer, usually gated doors with security guards to protect the tenants.

No matter if you are looking for a place to live or just visiting you can find a condo that fits your needs. Buying or renting a condo may be just what you need. Do some researched and find out what you need before you contact a local Realtor to find the right property for you.

About the Author:

Tampa condominiums are perfect for you visit to Tampa, please review Tamap Condominiums, and Tampa Condominiums

Total Visa - Review

By Daniel Moskel

The Total Visa is a bad credit unsecured card. It was designed for individuals with blemishes on their credit report.

It will report to the major credit bureaus. You can start to build a positive payment history by making on time monthly payments.

This is a large part of your score. Additionally another big piece is your utilization ratio.

This ratio is how the credit bureaus decide if you are in over your head financially. It compares your amount of debt to your amount of available credit.

It will help your score if you can show available credit. It is estimated that these two factors account for up to 70% of your credit score.

Removing negative credit should still be a priority and that will help improve your payment history.

There is an initial limit of $250 and an annual fee of $48. It has a 19.92% APR, and is issued by the Plains Commerce Bank.

They offer a 19.92% cash advance APR which is actually lower than many prime credit cards, in case of a financial emergency. They do give quarterly credit limit increases.

As of late, we have seen a rise in interest rates. This has been happening to customers that have never paid late, their rates have jumped to 20% and higher.

The government has responded and has passed laws to prevent this; however these laws do not take effect until 2010. Additionally many of these institutions are lowering limits across the board and tightening approval requirements.

Your card will have fraud protection and free online account access. Your card is accepted everywhere Visa is.

If you use your card or a new credit line responsibly it can help your score. However if you use it irresponsibly and can also hurt your score.

You should really look at your current expenses and income and decide if you really should take on a new line of credit.

About the Author:

For more about the Total Visa or for a free credit repair consultation visit us or call 1-800-253-3735, or for a review of the popular prepaid Rush Card.

Miami Condominiums

By J. Kim

Grey haired retirees the first thing that comes to you mind when you think about Miami, but contrary to this many young adults and making Miami there home. Miami's nice weather and many activities make it very attractive to sing young adults that is always looking for some excitement.

Miami is very diverse city with over 400,000 in population and welcomes visitors and residents from all over the world. The cultural diversity can be make Miami nice to place feel culture of other nations, especially Cuban culture.

If you are looking to move to Miami, Miami condominiums are perfect choice for those who are looking for value and great living space. Cost of living in Miami can be higher than the rest of the country and the cost of Miami condominiums can be little bit pricey, although prices have declined significantly in last few years. The average condominiums can cost about $412,000 or $334 per square feet, not cheap by any standard. The price of Maiman condos can range from $69,000 to over $5,000,000.

Another option is you can rent a condo, which can cost anywhere from $2,200 per month to much higher. However, you can get by with $500 per month if you forgo all the lavish lifestyle. On the high end luxury condos, you can expect to pay more than $50,000 per month, luxury has its prices.

Miami is well known for its beaches, but there is lot more to do in South Florida than just enjoying the waterfront. You can visit Metrozoo, or take a tour of Everglades, the huge national park that covers over 1.5 million acres. It is home to many animals and especially the 14 rare and endangered species.

If you are a night owl, Miami has activities and entertainment to satisfy your nocturnal itch. From comedy clubs to the streets of South Beach, you can always find a party in full swing. Whatever your preference, you will be glad you made Miami your home.

About the Author:

Thinking about buying Miami condominiums, please review Miami Condominiums, and Miami Condominiums

Time to buy Denver Condominiums

By R. Kim

The average listing price of Denver condominiums have declined in the last 3 years, It was $171,000 in 2008 compared with $189,000 in 2005 and they continue to fall, but the declines have been less severe than the decreases in single family homes. This is a major reason why you should consider purchasing or investing in condos at this time.

The number of condo sales have been steadily declining for the past 3 years in metro Denver. In 2005 11,600 condominiums were sold compared to 9,800 in 2008 in Denver. Foreclosures and short sales have been the largest reason for sales in Denver real estate market for this year. In 2008, the number of distressed Denver condominiums sales have increased to 41 percent of all sales.

Denver condominiums are better option than apartments for many residents. They offer comfort and style for there residents. All of the residents have access to amenities like fitness center, pools, business center, spas, and parking facilities as well as guarded entrance.

There are three types of condos available. Condo lofts are great for singles and students. Luxury condos are great for wealthy individuals that can shell out large amounts of money. They offer luxurious amenities to pamper the wealthy. There is also condo vacation rentals that cater to the travelers who enjoy comfort of home, especially for the skiers that come to Denver.

If you are looking for a place to live, Denver Colorado offers value and convenience. With recent recession and decrease in price of condo, it make perfect time to look for one to purchase or to invest. The market will rebound in 2009 or in 2010, you don't want to miss this opportunity. Whatever your budget or need, there is one that fits your criteria.

But make sure you do research, enough information is on the internet for you to do due diligence on a property. If you need assistance contact a local Realtor who is experienced and knows this market.

About the Author:

Thinking about buying Denver condominiums, please review Denver Condominiums, and Denver Condominiums

Long Term Approach To Stock Market Riches

By Gail Fredericks

All the investing greats, be it Peter Lynch, John Singleton, or Warren Buffett, are considered greats because they not only made money in the stock market, but they made it year in, year out because they approach it with a long-term view. People who are just looking to make a killing in the short term often end up losing their shirt and then some. This is not what this article is about. If you want to learn about how to be a long term winner in the stock market, read on.

1. Clearly state your objective. Considering factors such as your age, risk tolerance, number of children, and so on, you will have to define what type of portfolio you're going to build. This is going to be the measuring stick by which you'll analyze every potential opportunity and decide whether or not it's worth going for, as well as when it's time to opt out. Avoid being in the situation where you react to the market, this is rarely good and almost always very costly.

2. Choose a strategy. There are literally thousands of investment tactics and strategies out there, and an equally high number of books detailing each one of them. Trying to follow several is counter-productive, not to mention confusing. Your best bet is to pick one that's the best fit for your financial goals and stick to it. Sure, there will probably be moments where you have to do a little tweak here and there but or the most part, the simpler your playbook, the more smoothly the game plays out.

3. Weigh probable risks. It is absolutely essential that you highlight the risks your investment will bring up with a realistic view, not an overly optimistic one. The management system you choose must bring effectiveness and practicality to the table, so that you can bring the risk of losing money to a minimum, even if the investment turns out to be a dud. Also, it's important to complete this step before looking into what kind of profit the planned investment can bring you. If you reverse the order, you run the risk of being so excited over the money you might be making that you could overlook some serious risks.

4. Measure profit potential. One way novice investors lose out when they pick stocks that are winners is that they want to make the most money possible by selling at the top of the market. The problem is, there's no sure way to know when that time is. Your best bet is to have set profit thresholds where you sell to at least get your initial money back. You can then take more risks with the rest of the money. Knowing when to get out can avoid you huge losses.

5. Keep an eye out for comparable opportunities. Do a little more research. Check to see if there are other investments that have fewer risks, a better profit potential, or if there are is another strategy that will make your life easier (or hopefully a little richer at the end of the day).

6. Analyze the obstacles. If you did go through the trouble of having an initial strategy, you will find that this step is a natural continuation of it. By anticipating the possible shortcomings of every investment, you put yourself in the position of doing just that.

7. Have your plan B handy. Set specific boundaries as to when you should get out of an investment. Whether everything goes wrong and you need to bail out or you've hit it big and need to move on to other investments, having explicit, well laid-out limits prevents you from losing returns or just losing more money.

8. Choose correctly. You should be aware that investing is not exactly something that you can pursue offhandedly. So before you take the big leap and put your money in the market, you'd be well-inspired to take a step back and analyze your investing project in its entirety. You should be able to see the big picture as opposed to bits and pieces here and there. If it doesn't hold up, or doesn't show that it's worth your efforts, don't hesitate to scratch it: you'll be better off starting a new plan from scratch than losing on a big gamble.

9. Go for the gold. Once you decide to pursue an investment, don't second guess things. Give it all you've got and you'll probably come up a winner. Yes, it does sound clich, but even if things don't pan out for that investment, you won't be that big of a loser either because you had limits in place to limit your losses (see points 4 & 7). Steadfast resolve to follow your game plan will give you the best returns in the long run.

10. Debrief. At least twice a year, take a look at your plan and how you've fared in your investments. If somehow you bombed and lost a lot of money, try to figure out what went wrong so that those mistakes don't keep on dogging your investing efforts. Above all, don't give up; if you do, then you won't have any lessons to draw from those mistakes. Keep tweaking things until you find your personal success formula. Once you've cleared that hurdle, you're set.

About the Author:

Before you invest, make sure you read our extensive stock market success article. You can also find more financial tips on our personal finance blog, Money Galaxy.

The FCRA is for Consumers

By Rob Kosberg

The Fair Credit Reporting Act (FCRA) is written as a protection for the consumer and not the credit reporting agencies. Please see www.ftc.gov/s/statutes/fcradoc.pdf for details of this important act.

The FCRA explains what we can see from the credit reporting agencies and our rights. We have a right to view the financial history which the credit bureaus have for us. Remember that these agencies are interested in money and are "for profit."

Your credit reports will contain alot of information about your financial history. While much of the information is probably accurate, while some may be a surprise to you. In fact, the reports may have completely false or information that should have been removed.

The FTC (Federal Trade Commission) tells us that we do not need to arrange for "magic fix" from a possibly dishonest agency. We can fix our credit ourselves. The FRCA basically says that the only "negative" information that is permitted to remain on your credit report is negative information that can be proved to be true.

When you do the comparison and review of your reports, if negative information is true, "it has to stay." Mark the entries you plan to dispute. Then you will make a case for removal.

Document all data available to demonstrate that an entry is false and this is proof of an erroneous entry. You will send this to the credit bureaus. They must respond and it is their responsibility to prove all the information is true.

It is possible that you may decide that this project is really not something you can successfully complete on your own. Then you may consider "credit counseling." Do this very cautiously. "Overnight" credit fix is too good to be true and these companies could ask for a lot of money "upfront" and charge a monthly fee. Although it might sound really good, remember that these agencies are also "for profit" and need to make money. Think SCAM.

There are some honest firms and individuals who will legitimately help. Try finding referrals from others to help you find reputable help who will handle your needs in a timely fashion.

About the Author:

With never before seen challenges in the credit markets it?s more important than ever to have excellent credit. For more information check out Rob Kosbergs' Detailed FREE Guide on Maintaining and Repairing your Credit Score by going to Bad Credit Repair for your FREE information.

Be Careful When Taking out Loans Online

By Trinity Robison

In this day and age, there are many conveniences at our finger tips. If we need to get our hands on some extra money, it is possible to do it without even leaving our home. Online loans do offer some nice perks, but they are not without their risks.

Risk number one is potential identity theft. When you apply for a loan online, you are required to enter personal information. The scary thing is that the personal information is accessible by anyone who has access to the World Wide Web. The only way to avoid others getting access to your information is if the company you apply for a loan with has a secure website with firewalls set up to protect against identity theft.

The truth is that identity theft has become a multimillion dollar criminal endeavor. Those that are making money off of it are really good at what they do. The only way to protect yourself is to be really smart about how much information you put on the web. So when it comes to applying for a loan, the safest way to do it is still to apply in person.

Another risk to online loans really depends on where you receive the loan from. Most states don't offer laws guiding limits or terms to online loans. The loan you receive is subject to the laws of the state in which the online lender resides, but it is up to you to educate yourself on what those laws are, because they might not be very strict laws leaving you as the borrower at a disadvantage.

Even if the company claims to have a secure website which does decrease the risk of identity theft, there is still a chance that the wrong person could get a hold of your personal information. The best way to protect yourself is to be very wise about what kind of information you put on the internet. The safe thing to do would be to apply for a loan in person and avoid the internet all together.

Online loans are always a quick and easy way to get your hands on some extra cash fast. Even with the risks involved, it may not be entirely out of the question to get an online loan. Just know that you might end up paying a higher price than you were expecting to for the convenience of an online loan.

About the Author:

Trinity helps people to learn about loans, how to find online loans, and about bad credit personal loans.

Avoid Student Debt Through Consolidation

By Glen Stroude

Many college students are often saddled with multiple debts due to financial assistance required. This can result in a potentially dangerous situation before or after graduation. These students might end up being overwhelmed by the debts they have to pay off even before they have seen any realized income.

Students need not have to feel this way though. Methods and financial help are in place to provide solutions for various scenarios. It still requires paying off the debts, but nothing is ever easy and positive effort is always required.

How can one service the multiple student loans that have been taken up? Other than paying them singularly, consolidating the loans into one single periodic payment is suggested by most credit counseling companies. To encourage more to take this option up, some incentives are offered to students.

Student loans are consolidated in a manner that is very similar to that done for commercial loans. As with the latter, the student's multiple loans are taken over by the credit company and formed into a single one. The student will then make periodic payments off this loan, instead of having to do so for the multiple debts.

This eliminates the need for the student to have to manage the different creditors. He or she is then provided with a repayment scheme that will assist servicing the debt over an agreed period of time fixed to an interest rate. The advantage to this method is the lower interest rates that the student gets to enjoy due to his or her position.

There are multiple advantages the student will enjoy as a result from this. There are less headaches dealing with a single creditor. The lower interest rates also provides more available credit for the student to use in other urgent areas. Finally, it improves credit ratings and opens up opportunities to take up future loans, if required.

Lower interest rates are given to students who decide to consolidate their debt for logical reasons. Most students do not have an income, and servicing their loans in this manner will be more manageable. It also reduces obstacles for individuals who wish to pursue further education.

The best time to consolidate your student loans is when the grace repayment period is not yet up. It allows the companies and government to provide better interest rates. Once the grace period is up, the risk of taking on the debts is higher, and therefore higher interest rates will be in place.

About the Author:

Glen Stroude provides debt counseling on his site. Glen also discusses how to consolidate student loans for their benefit.

Centennial MasterCard Review

By Daniel Moskel

The Centennial credit card is an unsecured card created for individuals with a damaged credit report. It is issued by First Premier Bank an FDIC member.

It has easy approval requirements, but does carry some fees. Including a one time $95 fee, an account set up fee of $29, and an annual fee of $48.

These fees will be charged against your available credit. Meaning when you are issued your card, you will have these fees on your balance.

You will have an initial $250 credit limit. Additionally you have a 9.9% APR.

It can be issued as a MasterCard or Visa, you decide. When you apply online you will get a response within 60 seconds of submitting your application.

When making your monthly on time payments you will create a positive payment history on your credit report.

Your utilization ratio is also an important factor in your score. This is the amount of debt you have compared to how much available credit you have. Your score will get the most benefit if you can keep your balance at roughly 30% of you limit.

In other words a $250 limit, you want to keep your balance at $75. You will be eligible for a credit limit increase after six months.

The First Premier Bank is in Sioux Falls, South Dakota. They are a member of the Better Business Bureau and have served over 3 million people.

Your card is accepted worldwide and everywhere you see the Visa or MasterCard logo. You can qualify for approval if you are over 18 and have a valid social security number.

Recently we have seen a rise in interest rates even with prime lending. Some rates have jumped to an outrageous 30% without cause, meaning the customer did not pay late.

In sum we suggest you explore all your options for credit if you have made some mistakes. It may be more cost effective to get a secured or prepaid card, and take other steps to repair your damaged score.

About the Author:

For more info about Easy Credit Cards visit us or for a review of the AccountNow Visa a prepaid card that allows you to borrow money.

Are Virtual Credit Card Numbers Safe Today?

By Kermil J. Fogarth

Having recently received the credit card bill for a card that has not been activated since I received it several months ago, I was surprised to find charges on the bill. Somehow I managed to use this unactivated card to sign up for a monthly MLM deal, purchase travel from hotwire and a train ticket as well. As I said, this card has been in my wallet with the little sticker to call this number from my home phone to activate it, for over seven months! But the charges didn't start until November. How could this have been prevented?

Throw away credit card numbers can be of some use here but probably wouldn't have prevented the above from happening as somehow someone got my name and actual credit card number. But for online shopping protection using virtual credit cards may be helpful - or they may lead us to a false sense of security. Just because I use a virtual card only once doesn't mean someone can't get the real information to use for their benefit.

Just like using a disposable camera instead of your expensive camera while you are traveling to protect from loss or damage, you can use a virtual card to prevent loss when purchasing online. With a virtual credit card number, the number is discarded after one use.

As credit card fraud is so widespread we are no longer surprised by it which means the card companies are looking for some method to deal with their costs. This means they must do so without inconveniencing the ability of the consumer to make purchases online and in person while at the same time protecting vital information. Many would say that the use of virtual credit cards may well be the solution to the problem.

The use of virtual card numbers for online purchases work the same way as a normal card number except they are only valid for a short time period. These numbers are issued as a short term replacement of the actual card number and are only valid for a short period of time. True card information is not sent to the vendor and these numbers can be single use or they may be used for multiple purchases over a short time period before it is no longer valid.

Protecting the real number from felonious use is the objective with virtual numbers. Should a computer hacker gain access to credit card data from a secure processing center, your account number would be protected. When they attempted to use your virtual number they would be denied credit.

The expectation is that your card number is safe and secure on some sites during the payment process. There is always the possibility that someone working for the online merchant will sell the information to criminals. This as well would be a criminal act but some people are willing to do anything if the price is high enough and there is no easy way to trace it back to them.

The biggest benefit of virtual card numbers is protecting your private information online. The subsequent use of such a number results in denial of credit. If you are used to making several purchases online with your credit card per month then you may see a real benefit from the use of a virtual credit card. This will assure all your transactions are secure and your information is protected.

About the Author:

Author: Kermil J. Fogarth has extensive finance information available at his website. For more credit protection tips.