If you do not have a merchant account with a bank, it is very near impossible to accept credit card payments. If you are trying to start a new business, expecting every customer to pay with a credit card would be unrealistic. Therefore, apart from the few customers who would be otherwise compatible, there are also a few who would not be able to make payments on time. To avoid such problems, you need to build trust with your merchants. You can accomplish this through the issuing […]

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Cash back credit cards is the latest trend in the market. It is the most convenient and quickest way of spending your money. It comes with Concept #2, a certain amount of reward points are made on every purchase. But with so many cash-back credit cards out in the market, it is difficult to figure out which one is best. This ranking is based on a few factors, which are discussed in the following article. Cash back percentages Usually, 3% is considered the maximum and a reward […]

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Here’s a shocking fact: Over 90% of all bankruptcies are a direct result of credit card debt. And more often than not, the card charged unwisely was the primary responsibility of a single person or a couple. Once they went over their limit, the bills started to pile up. There is a very easy way to get your credit card debt paid off. Now here’s how you can transform that debt into wealth. Step 1: Stop Accumulating Debt It is crucial to develop and maintain good spending […]

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Although the FTC does not require each major reporting credit bureaus to provide consumers with a free copy of their credit report, the government encourages everyone to at least pull their credit reports each year. In fact, since many people never bother to get regular credit reports, the government has instituted this mandate in order to help consumers understand what’s on their credit reports, especially since so many different factors determine credit scores. Under the Fair and Accurate Credit Transactions Act (or FACTA) of 2003, Americans have […]

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A low credit score can affect the person’s other financial transactions such as loans, mortgages, etc. A low score will make the person suffer financially and can hinder his chances of modifying his loan when it is due for payment. Basically, your credit rating is a three digits number computed using the data that is in your credit report. Scoring ranges from 300 to 850; the higher the score, the better you are. A credit report contains a record of your bill and credit payment activity over […]

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