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Credit Card Chaser - Podcasts powered by Odiogo: Episodes

A finance charge according to United States law is considered to be any fee that is representing the cost of credit, or the cost of borrowing. This is how banks and credit card companies earn money by charging their customers to borrow money from them. Usually banks and credit card companies have you ...
The FICO score is a set of numbers between 300 and 850 used to determine credit worthiness by lenders. Those with a higher number are considered good credit risks while a lower number is indicative of being a poor credit risk.
Generally speaking the higher that one’s FICO score is then the easier ...
A credit card company may deem an account as being a dormant account if it has not been used in a long time. Inactive accounts that are deemed dormant may be closed and the account owner will have the ability to charge on their card revoked making their card useless.
Click for the full glossary of [...]<br ...
Credit cards can be issued in three different ways. There are stores that issue in-house credit cards that are just used for their goods or services. The next level of credit card is issued to a targeted group of individuals. This type of credit card may not be available to all people, or in all [...]<br ...
The Federal Reserve Board is comprised of seven members who control the United States&#8217; monetary policy. Depending on the outlook of the economy they can higher or lower interest rates. They can also higher or lower the discount rates and the federal funds rate as well. This board works together ...
Most low interest rate credit cards will offer an introductory, or teaser, rate for a specified period with the issuance of any new credit card account. Upon expiration of these introductory interest rate offers, the credit card interest rate will automatically turn into the regular rate. This is commonly ...
A dormancy fee was a fee that was sometimes charged to a credit card account that was not being used in a long time. When an account was deemed to be dormant the credit card company would apply a dormancy fee onto the account to boost their income. Dormancy fees are now banned in certain [...]<br /><a ...
A FAKO score is a term used to describe a credit score assigned to a credit history which uses a formula other than the one developed by the Fair Isaac Corporation. Fair Isaac developed a secret and proprietary formula for a computer to analyze a credit history and assign a numerical score. The company ...
An expired credit card is one in which the physical expiration date on the card has already passed the current time. There is no standard amount of time for a credit or debit card&#8217;s expiration. It typically depends on the policy of the issuing institution and the credit history of the applicant. ...
The FDIC is an entity that insures deposits due to insolvency by a bank or thrift. The Federal Deposit Insurance Corporation insures checking accounts and savings accounts, as well as certificates of deposit to member banks. Each depositor is insured for up to $250,000. Additionally, the FDIC will monitor ...
The Fair Credit Reporting Act (FCRA) was established to give consumers a way to discover how and where credit information is acquired and how to amend inaccurate information. The Fair Credit Reporting Act is designed to assure consumers that the records of credit transactions they enter into are accurate ...
The purpose of the electronic funds transfer act (Regulation E) is to provide basic rights and protections to those who use electronic funds transfers. Regulation E establishes a contract between consumers and financial institutions. The agreement outlines the rights, responsibilities and liabilities ...
Sometimes known as a personal representative, an executor is someone who has been put in charge of legal decisions that need to be made for another person. This is most common when someone has passed away and left instances of debt behind. The executor is responsible for settling any remaining debt, ...
When a credit card refers to a float period they are referring to the amount of time it takes for a transaction to post on an account from the time the purchase is made. Usually the float period is only a day or two long. Most all transactions post fairly quickly.
Click for the full glossary [...]<br ...
Fair Isaac stands for FICO, the Fair Isaac Corporation that sets the standard for how an individual is rated concerning credit. There are 3 credit rating agencies that use FICO scores which range from the 300&#8217;s to 850. The agencies are TransUnion, Experian and Equifax. The higher the score, the ...
Double-cycle billing is the process that allows credit card companies to add interest for two consecutive months as opposed to only the previous month is known as double-cycle billing. This process will eliminate any grace period for those customers who had paid their remaining balance in the previous ...
The Equal Credit Opportunity Act (ECOA) is a law that is enforced by the Federal Trade Commission. Lenders may consider a wide variety of factors before extending credit to a consumer. They may use information about one&#8217;s income, debts, or credit history.
The ECOA prohibits creditors from using ...
This article comes from Greg McFarlane. Greg is an advertising copywriter who lives in Las Vegas and Lahaina – testament to the power of entrepreneurship. He recently wrote Control Your Cash: Making Money Make Sense, a financial primer for people in their 20s and 30s who know nothing about money. Buy ...
The CitiBusiness Card is a strong choice for any business owner looking for a business credit card. Read through this review of the CitiBusiness credit card offer and then be sure to compare many different credit card offers with out free &#8220;Chaser&#8221; tool.
Are you thinking of starting a small ...
The CitiForward MySpace Credit Card offer is not a student credit card per se but it is marketed towards young adults.
One of the most important responsibilities that young adults have is to start building a solid credit history, so that when it comes time to make big purchases like a house or car, they ...
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