Credit Cards

Credit Report

terry — Tue, 18 Oct 2011 08:18:13 +0000

Having an up-to-the minute credit report which is 100% accurate will assist in well-informed decisions being made at all times.

Check the history when purchasing a car:
For example, when you purchase a car select the services of a credit bureau with a good track record, and for a nominal once-off fee they will assist and help you to make good decisions based on the history of the vehicle. Third party enquiries are dealt with and the car check will ensure that the vehicle is not stolen and any outstanding financing on the vehicle you would be made aware of.

Your current credit report and status:
You will now be in a position to get a once-off accurate up-to-date view of your current credit report and history.
You might be curious what the credit report will contain; your credit report has all your personal information on your report, and these will include your ID number, your full names and address, and the details of your employer. Your credit report has a 24 monthly overview of all your account activity, as well as any court or legal issues against you.
It is a good idea to be on top of your game at all times, and be on the same page as any lenders.

If you are a business owner, know the credit status of your clients:
You will now be in a strong position and know whether to offer services or credit to potential clients, and should you not be satisfied with their credit history, you will now be able to turn them down avoiding taking on risky non-payers.

Last but not least, ID theft:
Last but not least, you will now be aware times if there are any serious changes on your credit report, regarding theft of your personal information, when dishonest individuals try to obtain credit in your name by stealing your identity information.
For more on your credit report, contact us to find out how you, too, can be kept in the loop at all times regarding credit and credit bureaus.

Credit Bureau Checks

terry — Tue, 18 Oct 2011 08:18:13 +0000

Before taking on new clients, a good idea would be to do credit bureau checks on these individuals, and the same formula would apply if you are employing someone new; simply process a quick credit bureau check. The same procedure would apply should you rent out property, so that you do not end up with a tenant, employee or client who turns out to be a non-payer or not 100% honest.
Too many people open up accounts with shops that are simply not in a position to pay every month once the goods have been bought. It is obviously the full responsibility for a consumer to pay all accounts, but it is also up to the shop or business to turn away an application, should the credit bureau checks not quite add up.
Do quick credit bureau checks on all prospective clients by applying for credit online; you would be able to glean this information from at least three different credit bureaus for comparisons.
You will easily be able to get this information which is accurate; there are, however certain criteria that you and your company will have to disclose. One of the most important points to consider is that you have to be a registered enterprise to obtain this information. You will have to supply the credit bureaus with the potential borrower, purchaser or client’s green bar-coded South African identity document as well as all relevant personal information, and most importantly of all, the individual applying has a right to know that you are performing a credit check on them. A form by the client to this effect usually has to be signed by them allowing you to obtain this vital and personal information.
Credit bureaus will ensure that you are provided with correct information and a range of products and services that will help you with your credit bureau checks. Contact us for more on this vital service and obtain the information you require.

Credit Cards – Applying For a Nedbank Credit Cards

terry — Thu, 13 Oct 2011 16:03:57 +0000

Applying for Nedbank credit cards is pretty simple. You can do this either online which is quite straight-forward otherwise if you prefer a more hands-on approach you can visit your nearest branch for assistance.
There are a few basic pointers which you would have to adhere to.
Becoming financially flexible is significant and the Nedbank credit card will free you up and help you to do so. You will be able to use your card in more than 20 million outlets across the globe and in 150 000 in South Africa where you will be able to make purchases using your Nedbank credit card. All transactions can be made this way, making your life a lot easier.
To qualify for Nedbank credit cards you will need your South African Identity Document, proof of employment, and proof of residence.
Firstly a steady income is essential, as you will have to pay back the credit card every month.
Proof of employment is needed especially if you bank elsewhere.
Three months’ bank statements are required should you be self-employed as well as your financials from an accountant. Your credit card limit is based on how much you earn every month.
Your credit history and credit ratings will be taken into account.
Have all your documentation in order before you apply for credit cards, as this will make the application process a lot easier.
Nebank offers all card holders an assortment of credit accounts. If you would like to take advantage of all these options apply for Nedbank credit cards now.

Credit Card

terry — Thu, 13 Oct 2011 13:41:52 +0000

There are many plusses when you have a credit card. Carrying cash is not a safe option; that is why having a credit card is a far better idea.

There are definite tips and hints on how to use your credit card wisely, which is listed below:

Using a credit card with care will allow you to be eligible for perks, some of which include cash back bonuses, bonus points as well as airline miles.

If you tread lightly when spending on your credit card then you will improve your credit scoring.

If you do not use your credit card well, you will only end up with more debt.

Try to pay off the balance owing each month, otherwise you will find the interest high.

Protect your good name and keep your credit score strong.

Having fewer instead of more credit cards is sensible and always remember that having numerous credit cards will influence your credit score negatively.

Negotiate a lower interest rate when applying for a credit card.

Don’t use more than thirty percent on your card as this will have an effect on your credit score.

It is nice to have a credit card, but using it wisely is imperative.

To find out more about your credit card contact us today.

Management, the key to Credit

cameron — Tue, 11 Oct 2011 13:44:42 +0000

Credit cards can be a powerful tool in establishing yourself in the world. They are quick, convenient sources of revenue in a time where nothing speaks louder than the immediate exchange of money. However that very ease of usage can lead down a dark road if you do not effectively manage your credit.

Banks make money based on the amount of interest you need to pay them for the credit card balance. A simple way to avoid this is to pay the bank back promptly what you owe them. It is the first step in managing your credit accounts to insure you do not fall into debt. If you find that you cannot make the payment that month it is wise to pay as much as you can to decrease the amount of money that they bank will be charging interest on.

Do not overuse your credit cards. A simple statement but so much harder to follow up on. A key aspect of credit management is self restraint. Simply because you have them is not a reason to abuse them, you want them to assist you, not have them there to cripple your finances later.

Some people have more than one credit card and find themselves unable to pay both of them off. Focus on the one with the highest amount. Put down as large a down payment as you can. You want to reduce the balance and make it easier to manage the interest. The last thing you want happening is to spend month after month simply paying off interest and not doing a dent to the actual debt.

When it comes down to effective credit management there is one rule, to be adhered to in this time of excess, everything in moderation.

Credit Cards

cameron — Sun, 25 Sep 2011 04:04:53 +0000

A credit card is
indeed a very useful thing to have and it is advisable for everyone to have one
as they assist you when you most need help, especially in the times of
emergency. Unfortunately none of us are fortune tellers and it is very
difficult to say what will happen tomorrow we all just hope for the best. Like the song ‘’Life is Life’’ anything can
happen, your car may break down, your computer may completely crash, the
washing machine decides to die on you,
your smart phone is no longer
smart. All these things are necessary to
your life and difficult to do without.

This is when a credit
card provides the desired solution as immediately you can replace your precious
possessions and are given time to pay them off. This is a real necessity when
most of us live on a salary and a tight budget, a credit card offers that
welcome relief and allows us all to run our lives on track. To learn more about which credit card would
suit you and how to apply for one please visit www.credit-cards.co.za

Credit Cards

admin — Sun, 25 Sep 2011 04:04:53 +0000

Today more than ever Credit Cards are available all over the
web, via large banking institutions and even health organisations, it seems
many companies are going into the money lending business. It is hard to refuse the many offers the
various companies offer with their enticingly easy access to their many Credit
Cards. Each company offering a better
interest deal or an extended period to pay off the debt, it just all seems too
good to be true!

Be very careful when
choosing your credit Cards visit www.credit-cards.co.za to make an informed choice, know in advance
the interest you will be charged and the length of time you have to pay it off.
Set your credit spending at a level that is comfortable for you, knowing that
the amount you have to pay back each month is easily affordable. Having several
Credit Cards does offer you a great
deal of freedom as they provide sufficient money to perhaps start a business or
even pay for further education.

Credit reports

Gillie — Mon, 19 Sep 2011 10:15:08 +0000

CREDIT CHECKS

One of the main reasons we request a credit check to be made is to determine whether someone can be

offered a line of credit or not. As an example, any time someone applies for a credit card, a credit check is

performed by the issuing retailer/bank. A credit check will also be run when a person signs up for a utility

account – such as electricity, gas, or telephone. While services might not be denied on the basis of credit history,

the utility company may ask for a deposit based on the credit history of the applicant.

Credit checks are also used by landlords to garner information about prospective tenants. A good credit record

suggests not only financial reliability, but a sense of responsibility which is definitely a requirement of a

prospective tenant . If he has a history of paying his accounts on time and dealing with financial matters in a

responsible manner it exhibits that the tenant pay the rent in a timely fashion. Of course financial responsibility

also suggests that the tenant will take better care of the landlord’s property.

Loan applications such as for cars or personal lines of credit, and home mortgages are not usually approved

without a credit check. The loan officer will determine the amount of loan which the applicant can afford on the

basis of that credit check. Consequently – people with a low credit score may be asked to pay a higher rate of

interest as they represent a credit risk in the eyes of the loan officer.

Because credit checks sometimes turn up sensitive financial information, credit reports are restricted as to

whom they will be handed out to in order to ensure that unauthorized individuals do not access details of his/her

credit history. It is possible for Individuals to run credit checks on themselves – and is something that is highly

recommended because it will identity theft in the form of lines of credit and even Identity theft which have been

extended without your authorization.

Credit Bureau Checks

Gillie — Mon, 19 Sep 2011 08:51:19 +0000

CREDIT BUREAU CHECKS

There have been many complaints with regards to the ITC systems and credit bureau checks – as they are regarded as being out of date and inaccurate. The reason for this is in part due to people being able to add information without the proper legal checks and processes being in place.

THE CREDIT BUREAU AND YOUR RIGHTS
It is difficult to get judgments and defaults removed from your credit record simply with a credit bureau check. DO NOT be fooled by advertisements on street poles which claim that agents can clean or repair your credit record because there is very little they can actually do for you. Credit bureaus are not permitted to remove a judgment before the five-year retention period, unless it has been rescinded by a court of law.

If you have a judgment against you, and you have paid in full and want it to be rescinded, you need to employ an attorney at your own cost. Default listings remain on file for three years, and if you really owed the money, there is nothing you can do to have them removed, even if you have now repaid the debt in full.

Your only real hope then lies with the office of the Credit Information Ombudsman. But he can only order the early removal of default listings if you meet all of the following three criteria:

    You defaulted due to circumstances beyond your control
    You showed intention to honour your debts and communicated thus
    You have been rehabilitated

If you do not agree with the information on your credit bureau report, you can ask them to give you a reference number and the name of the person to whom you spoke. You should make a note of the date and time of your call. Then allow a maximum of 30 days for the credit bureau check to come through in order to resolve the query. If after 30 days it still not resolved of if you are dissatisfied with the way they handled it, you can put in a complaint to the Credit Information Ombudsman. If your query is within his jurisdiction, an investigation will be launched free of charge.

Manage Credit and Credit Cards

emma — Fri, 16 Sep 2011 09:34:41 +0000

Manage Credit and Credit Cards

A huge part of your personal finance is learning how you can manage your credit card debt.

The first thing to do which is necessary for your finances and to manage credit is to create a monthly budget. Your credit can quickly get out of hand if you don’t create a budget.

To be able to qualify for credit you need a sound financial history, this means that you need a reputation of paying your bills on time, a continuous source of income and assets. You should try and handle your finances before embarking into a credit card.

There are a couple of versions of credit that you should look into and a credit card is the most common form of unsecured loans.

Once you have obtained a credit card its time to look at managing credit with a credit card. You should only carry a limited number of credit cards to avoid temptation.

You should only spend what you can afford and what you can pay back in a month or two. By paying your monthly minimum payment on your credit card, you will stay in good standing with your credit bureau. You should also determine a level of acceptable debt that you are able to keep on top of.

You should always keep your credit report in mind and if you start finding yourself in over your head with your credit card you should stop using it and focus on making repayments.

It is not tough to mange credit but you have to make sure that you are being responsible and that you are able to make your payments. If you can’t you might struggle to qualify for loans.