Call: 361-374-3936 | Email: info@cnhinc.org

Fighting Debt Together

Author Archives: Michael Beyer


When it comes to applying for a new credit card, there is certainly no shortage of options. And what’s more, those offering credit cards have come up with all manner of innovative ways of rewarding their customers. It’s important to be aware however that such companies have also come up with all sorts of ways of charging their customers for the credit that they provide.

Therefore before applying for a new card, it’s important to shop around and to consider more than just air miles and sign up bonuses. It’s also very important to keep a close eye on the fine print. Should you be on the look out for a fancy new credit card, here are seven steps for doing just that.

Check Your Credit Score

The first thing to do when shopping for a new credit card is to find out what your credit score is. Your credit score is going to determine just what credit cards you will be entitled to. Finding out your score can easily be done online completely free from a variety of different sources.

Consider Improving It

If the first step leads to you discovering that your credit score is not as good as you were expecting, it might be worth putting off applying for a new credit card until you have improved it.

Your first step should be to make sure that there is no inaccurate information on your credit report, you might be surprised to learn that mistakes are pretty common.You should then establish just what is causing your credit score problems and do something about it. There are a myriad of different ways that you can improve your score within just a couple of months.

Compare Fees

Many people make the mistake of thinking that the only thing that matters when they are applying for a credit card is the APR. There are actually a number of other things that need to be considered.

While some credit cards are free to use, others require you to pay an annual fee.Although all credit card companies charge you for missing payments, some charge significantly more than others.Fees for balance transfers and foreign currency exchange also vary widely.

Compare APR

The APR on a credit card is the rate of interest that you will pay each year on what you owe. It is obviously one of the most important factors to consider when making your choice.

Although low introductory rates are always attractive, the APR that you pay in the long run is considerably more important.The APR available to you depends upon your credit score. Therefore just because your friend gets one rate, that does not mean that you will get the same.Whether fixed or variable APR is preferable depends on who you ask. What’s not up for debate however is that it’s important to understand the difference and to know which one applies to the card that you choose.

Look For Reward Points

Many credit cards offer rewards points that can be exchanged for a variety of different products. Choosing a credit card based upon the rewards that it offers can make a lot of sense but only if you choose one that offers rewards that you will actually use. There is of course little point in accumulating endless air miles if you are afraid of flying. While many frequent travelers love air miles, other people prefer points that can be used for more traditional things such as groceries and clothes.

Look For Other Benefits

Although most consumers know about reward points, many are unaware of the number of credit card companies that offer their customers other benefits also.

Many credit card companies offer to come to your rescue should your car break down.Others offer complimentary travel insurance.Some will even offer extended warranties on any goods that you purchase using their card.

Watch Out For Changes

Finally, once you have found the perfect credit card for you, don’t forget to look out for any changes that could render it less so. Although credit card companies are required by law to notify you of any changes they make to their policies, they are not required to advertise those changes or to make sure that you actually read the notifications that you receive.

In fact, many credit card companies include important notifications among paragraphs of other wise unimportant advertising spiel. It’s almost if they don’t want their customers to notice when they start getting a raw deal.


You now ask what kind of things that you could take advantage of by obtaining good credit. To begin with, good credit can increase your chances of obtaining the loan you apply for and secondly, it will help you get specific work and programs that could require a perfect credit score. These are the 2 significant reasons why you need a good credit rating.

However, in case you are plagued with a poor credit rating previously, at this point you ask how you can obtain a good credit score again or how you are able to improve your credit rating. It can be important to realize the truth that if you have a bad credit score, you will need to fix it as soon as possible just before your credit rating will get much worse.

Before you go on and begin fixing your poor credit rating, you first need to understand what credit is all about. You have to know how it is affected by your everyday life. For instance, when you are in need of a loan, loan providers will probably have a look at your credit standing to check if you’re able to be approved for the loan.

A good credit rating will assure lenders that you pay your loans on or before the deadline day and thereby, will assure them you are able to pay the loan you will apply for. The same applies when you’re applying for a credit card.

Now you understand what it indicates to use a good credit score, the next action you have to do will be to check if you have a good credit report or not. Surprisingly, very few folks understand if they have got a good credit report or if they have got a low credit standing.

To find out your credit rating, just ask for it from the 3 major credit reporting services. They can give you a statistical indicator of how much your credit score rates and how much credit risk you might be.

Therefore, if you have a negative credit score, the first thing you have to do to be able to improve your credit score is to take care of old debts. If you are paying all your old debts, that will cause the debt collectors to stop making bad reports to credit reporting services.

This is actually the first thing you have to do in order to prevent your credit rating from becoming much worse than it already is. By simply reducing the source of bad credit, you’ll be on the right track to get good credit.

However, paying all your debts doesn’t necessarily mean that you’ll immediately get a good credit rating. You need to keep in mind that it will simply stop it from becoming worse. Your old poor credit report may be there. So, obviously the next step could be to begin looking for ways to make some good reports on your credit rating.

You’ll be able to make this happen by applying for a credit card that is intended for people who have a low credit rating, such as a secured credit card. You must also begin opening a brand new savings account or bank checking account. Don’t forget that you ought to pay your balance in time for you to establish a good credit history.

Eventually, your own old poor credit report will end in time. Continue to keep paying your debts before its due and your credit history will appear better than previously. However, it would typically take around 5 to 7 years for the old credit history with negative reports to expire. For this reason patience is extremely important.

With patience, you will notice that in time, your credit rating will grow and eliminate all those bad reports you had before. Don’t forget to keep paying your debts on time in order to have good credit.


With the skyrocketing use of technology, firms offering debt consolidation services are more conditional upon specialized software, which aids them to generate these leads quickly and inform ‘qualified leads’.

Debt consolidation references have come here to stay. They’re finding more and more takers by the day. The reason behind their popularity is not hard to see. Folks require cash for various reasons and some time or the other has no option apart from to borrow. Folks are spending more on shopping, housing and autos, to mention only a few. The booming world economy and accelerating pay packets have resulted in consumers spending more .

Today, even the young, starting out on their career are earning more and do not mind splurging on sometimes, even on luxury items. Research points out some of the children, just out of college, have sometimes up to 7 or eight cards. This goes to show the modified purchase patterns and buying behaviors, which has been driven by availability of easy cash. Although one may be earning well and this gives you the confidence to go in for debt consolidation leads, one has to take an informed decision.

Visiting online resources is a good way to find out in detail about the modus operandi of debt consolidation firms. You may learn more about, as an example, the various complexities involved in going for a debt consolidation lead. You may discuss with your money advisor and start to know more about these qualified debt consolidation leads. After you are clear about perhaps the basics, then it makes your decision on qualified debt consolidation leads, that much more easier.

Telemarketing plays a big part in the success of debt consolidation leads. In reality telemarketing debt consolidation leads are essentially responsible for the leads reaching the potential consumers.

Debt consolidation companies generate leads through numerous sources. The most well liked being online resources. Many firms offer these leads on their websites, in the form of pop-ups or as banner advertisements. The debt consolidation companies pick up these leads and thru their contact centres, do in depth telemarketing, passing on these leads to qualified clients.

Advancing technology means debt consolidation leads are being generated in bigger numbers and are reaching an increasingly large number of folk. ‘Live’ leads are generated by telemarketing agents, who are consistently in the watch for potential shoppers.

One is literally, battered by these calls from various debt consolidation corporations offering the newest current lead. Such is the contest among these corporations that you also have debt consolidation ‘transfer leads’, which permits the shopper to really migrate from one company to another.

You also have pre-programmed software, which does the telemarketing job for the debt consolidation corporations.

The entire process works in this way. The automatic software finds out the generated lead and a predictive dial up calls up the consumer and ‘talks’ using a exclusive telemarketing script. The consumer can then select for explicit leads, which may suit his wishes and simply hang up. His / her needs would be met by the debt consolidation companies in a matter of minutes. Such is the intense competition.

Debt consolidation firms are finding augmenting takers because of their abilities to manage debts better. Consumers can now consolidate their repayment into one single various payment, thanks to the appearance of these debt consolidation firms. The office consolidation firms now negotiate with creditors for your repayment options, balance and time period for your repayment, to say some.

Debt consolidation has its drawbacks too. For one they lengthen the duration of loan, at the same time making you pay more, over the same time period. Here’s where compound interest comes into picture. Care should be taken about taking all of these factors, while going in for debt consolidation. Another major drawback with debt consolidation lies in the fact that one is coping with only 1 creditor. This can cause difficulty in negotiation of repayments, should one face further monetary Problems.

Debt consolidation firms sometimes ask for a security. This is mostly in the shape of a home. One stands to lose the home, should one not pay back the loan amount in time. Therefore it’s vital that patrons make a provident choice and calculated choice when going in for debt consolidation.


A Remortgage (or a Refinance Mortgage) put simply, is a loan that replaces an existing mortgage. This can be obtained through the existing lender or a different lender, depending upon the best deal for the individual. Remortgages pay off the original mortgage and are used as a means of releasing additional funds. There is some general confusion surrounding Remortgages and it’s relation to Secure Loans, as a part from being a type of secure loan, Remortgages can also be used to do or buy most things. One of the main differences between Remortgages and Secured Loans is that the former can be obtained for any sum of money you require, whereas the latter usually has a maximum restriction of 100,000. Furthermore, secure loans do not change anything about the current obtained regulated mortgage.

Remortgaging is an important financial decision to a homeowner, so understanding the options available is vital. There are various options available for the UK Homeowner. For example, Fixed Rate Remortgages tie you into paying a set interest rate for a specified period of time and allows for effective budgeting with monthly repayments that remain stable throughout the fixed rate period. A Tracker Remortgage is a variable mortgage whose rate is usually tied to The Bank of England base rate, whereas an Offset Remortgage is a deal that allows borrowers to offset the savings that they have against their outstanding mortgage debt. Whilst holding the savings in a separate savings account instead of earning interest on their savings, the borrower will pay a reduced rate of interest on their remortgage. A Bad Credit Remortgage also known as an Adverse Credit Remortgage is available if you have adverse credit history or have been refused credit in the past. There are multiple other forms of remortgages too including Variable Rate Remortgages and Buy-to-Let Remortgages. With such a diverse choice of remortgaging options, it is strongly recommended that you obtain advice in regards to which deal is the best for your circumstances.

With interest rates falling to their lowest over the past 19 months, it is clear that the housing market is the biggest section of the economy to have been affected by the economic downturn. The latest figures from the Council of Mortgage Lenders show that remortgaging fell to its lowest ever level as a proportion of new mortgages in August, with just 25,000 remortgage loans, down 13% on July and 19% lower than a year earlier. With the financial risk to the lender increased during the credit crunch, many bowed out of the housing market, happy to leave homeowners with their current mortgage deals. As lenders removed themselves from the market, banks were left in severe financial trouble and the government was forced to bail them out.

However, as of October 2010, banks are showing significant signs of welcoming back remortgage loans with the number of remortgages jumping a huge 35% in September. As a result, at present, the Remortgage market is one of the most competitive markets with banks and building societies continually slashing interest rates in order to draw in custom. Remortgages now account for more business than properties, emphasising further its recent surge. Among the advantages of remortgaging is how it can help with the consolidation of higher rate debts such as credit cards or car loans. Similar advantages include; remortgaging to take advantage of a lower interest rate, to release equity, to pay for remodelling or expansion of your existing home or to pay for large expenses such as a child’s education or wedding.

There are however some problems/disadvantages and complexities surrounding Remortgages. For example, following the credit crunch, lenders have become increasingly stricter regarding who they lend to and how much they lend. If you are newly self-employed or your employment has recently changed, lenders may be reluctant in lending large amounts of capital as they regard such future income as uncertain. Similarly, if it hasn’t been that long since you obtained your original mortgage and got it at a discounted rate you may face substantial penalties for early repayment. In order to qualify for a remortgage there are various steps to follow; your home must be valued, you must complete a detailed loan application, the lender will require conveyance work to secure a report and a solicitor will be engaged to ensure your previous lender is paid in full and to release any additional funds directly to you. The cost of remortgaging varies depending upon the lender, but in general, it will probably cost less than when you first obtained a mortgage!


Myth 1: Buying A Home Is Always A Good Investment

Depending on your financial circumstances, needs and life choices, it may be better for you to rent rather than buy. Also, it used to be that property prices would mostly steadily increase so a homeowner would sell their house for a good profit. The crash of the housing market a few years ago evidences that this is not always the case. The housing market of today is quite different.

Also, even when the figures look good on paper, the real story may be different. Say a home purchased in the 70s for the price of $50,000 and sold in 2005 for $300,000 which adds up to what appears to be a $250,000 profit.  Although there was a 500% increase in price, it does not factor in a number of factors related to the cost of owning a home.

For instance, based on the price, the annual compound return is just 6.15% annually. Inflation was not also factored in. It reduces the returns to an approximate actual return. There is also mortgage interest, homeowners insurance, taxes and the cost of maintenance and repairs incurred from when the house was bought up to the time it was sold.

In the final analysis, what looks like a sweet deal may actually have been a loss. It does not always work out this way but it is important to understand the figures and understand that you will not necessarily be able to sell your house at a profit should you ever choose to do so.

Myth 2: You Will Always Get Added Tax Deduction For Your Mortgage Interest

Mortgage interest is deductible but it is not always wise for you to take the deduction. This is an individual matter and you should talk to your accountant or mortgage advisor before you decide. To accept the mortgage interest deduction, you have to itemize each deduction as compared to taking a standard deduction. Typically, standard deductions are higher than itemized deductions. It would therefore not make a lot of financial sense to choose to itemize your deductions.

Myth 3: Paying Down Your Mortgage As Fast As Possible Is Always Best

This advice became popular during the high interest rate 1980s. However, the advice may not have been ideal even at that time. Homeowners tend to focus on the interest rates and get into a panic. However, putting everything you get into paying into your mortgage may not be the best. There may be other uses for the money that would be more profitable.

For instance, you may choose to make long-term investments such as in stocks and bonds that would bring you some very good returns over the years. If you own a business, you can invest into expanding and diversifying it.

The important factor to consider is the rate of return. Work out which ones puts you in a better financial position in the long run: is it the saving you’ll make when you pay down the mortgage or the returns you would make from the investments that you make? Creating wealth is all about making your money work for you.

Bonus Myth: The Perfect Home

There is another myth that those buying a first home are especially susceptible to. It is the myth of the perfect house. With a first home, the focus should be on a home you can afford depending on your financial situation.

While there is nothing wrong with having the highest aspirations about the house that you buy, reality must reign. Otherwise, your mortgage applications will keep on getting turned down because lenders feel you cannot afford the payments or you will get yourself into a corner with a house that you can’t really afford.

If what you can afford is a smaller house, a fixer-upper or a home in a location that is different from what you wanted, take it. You can always remodel and renovate or wait for it to gain value and sell. There are renovation loans that lend buyers the money to buy the home and finance the necessary renovations.

What’s Right For You?

When it comes to mortgages especially buying your first home, the fact is that there is no black or white or hard and fast rules that work for everyone. It depends on your individual financial circumstances. Take the time to do thorough research into the options. Listen to your mortgage advisor or broker too and use a mortgage calculator to see both the small and the big picture.


Consumers are often overwhelmed by the quantity and variety of financial advice, coming from all corners of their lives.Protecting your assets and providing for your loved ones is an often ignored golden rule of smart personal finance.How you manage, spend, and invest your money can have a profound impact on your life.


Nothing is quite as miserable as realizing you have a financial emergency with no cash on hand and credit too poor to get you a loan. When you need help you can rely on, there are few options available that will work out as well as applying for a simple no credit check payday loan. These inexpensive short term loans are designed to help those with poor credit or difficult credit issues get the help they need right away without having to worry about looking good on paper.

Get A Cash Advance With No Credit Check

There is no reason that bad credit or no credit should keep you from getting the money you need when you need it if you have steady work and a way to pay off your short term loan. No credit check cash advance loans can make sure you get money right away to handle the problem you’re facing while you wait for your next pay period. While some cash advance locations may require credit checks for new customers, there are many more out there ready to work with those who don’t want their credit history accessed.

Choosing to get your cash advance somewhere where your credit isn’t checked has a few other advantages as well. When you take out a loan that is reported to your credit, it’s counted against the maximum amount of money people will allow you to borrow. Using a no credit check loan cash advance site can help you avoid having small short term loans count against your overall borrowing profile, which will allow for a better history when you do want to borrow more money at a later time.

What Makes Easy Payday Loans No Credit Check:

• Simple Online Application

The best cash advance loans no credit check offers should come with a simple online application that you can fill out in a few minutes. Look for clear requirements that you know you meet and a straightforward policy on who gets accepted and who gets declined. With a simple application you can understand right away, getting the process of applying for an advance is much easier to handle.

• Don’t Fax

Faxing can add an unnecessary pile of time requirements to your request for money and take you out of the house when you really just want to handle everything in one place. Look for faxless no credit check payday loans to avoid the hassle of dealing with faxed documentation that makes getting approved so much hassle you might as well be going to a store. There are quite a few payday loan sites that don’t require faxing, so finding this options shouldn’t be difficult.

• Same Day Service

Make sure there are promises on site about your application being approved either instantly or within the hour, and money being delivered to you in as little as a few hours. Getting a cash advance no credit checks required should not mean waiting for your money when you need it right now. Most good lenders should offer an option for same day loan delivery.

Why Make Sure Your Cash Advance Without Credit Check Is Easy?

When you need money for something like a late utility or a car issue, you really don’t have time to jump through a bunch of unnecessary hoops in order to get it. While every situation that requires a cash advance may not need service to be immediate, it makes sense to find an option that can deliver results quickly and with minimal hassle on your part to avoid aggravation and make sure you can get fast help when you do need it. There are more than enough no credit check payday loans lenders out there to make sure you get easy uncomplicated service the first time you ask for help that delivers your cash when you actually need it, and not several days later.

Choose Online Applications For Payday Loans With No Credit Checks

One of the first things you can insist upon to make sure you get good service when applying for a cash advance is an online interface with a simple and straightforward application process. Even companies that offer a payday loans no credit check option should be able to spell out requirements for getting a loan approval in advance and make the process of applying as easy as possible. There is no reason to waste your time on applications for a loan you aren’t sure you’ll get when you’re facing a financial emergency.

Look for a one page application that asks for pertinent home and identity information as well as numbers from things like your paycheck stubs and ID. Make sure the requirements for being accepted are spelled out in advance, and make sure the application comes with no obligation to take the loan you’re offered if you’re not happy with what you receive. A good no credit check payday loans company should be capable of providing you with everything you need to make a quick decision that is fully informed before you agree to anything.

Find No Credit Check No Fax Payday Loans

Faxing adds a secondary degree of hassle that makes it likely you’ll have an easier time simply going into a bad neighborhood and applying at whatever payday loan store you think has the smallest likelihood of getting you robbed on the way out. Online no credit check payday loans no faxing options can make sure you can get your money delivered where you want it without leaving your home at all. There is no reason to accept the hassle of faxing in documentation when you don’t need to.

Look for payday loans no faxing no credit checks advertised prominently on any site you are considering working with. While the majority of payday loan options won’t check your credit, finding choices that won’t fax as well can be a little bit harder. Read through the application requirements carefully to make sure there is no credit check no faxing payday loans specified in the fine print before you fill out the application. With all the information a cash advance website needs located in numbers on your documentation, there is no realistic reason they should be bothering you with the hassle of faxing in paperwork.

Get Payday Loans With No Credit Check Right Away

Getting a cash advance online frequently has the negative reputation associated with it of waiting forever to actually receive your money. This situation can be catastrophic if you needed your cash advance right away to pay a late bill or handle an emergency. Luckily, there are payday loans no credit check same day service options that will either deposit money directly into your bank account that day or send you cash through a wire service that will make it available at a local store in your area.

Look for a payday loans without credit check option that advertises quick approvals and same day cash. This can be one of the most difficult things to find when you are in a hurry looking for money, so make sure you check every site you come to for the payment options they offer and the time frame those options will deliver money in. This information should always be prominently offered either on the main page of the website or on a easy to find secondary page, since people asking for a short term loan online really do need to find out when the money will show up right away.

Payday Loans Without Credit Checks Can Help

When you find a reputable site offering payday loans no faxing no credit check and same day service, you know you’ll be able to get the money you need to handle your problem right away. With simple requirements and a straightforward application to receive your loan, there is no reason to pass on cash advance help when you need it. A payday loan with no credit check can get you money no matter how bad your credit may be to handle the kind of short term issues that banks won’t touch.


You are in a rush for a loan but in the heat of the moment do not go for one that does not suit your needs. If you need a no fax payday loan then please make sure that the loan does exactly what it says on the tin. If it does not you will find that you have wasted time completing the application form to find out that you need to fax in all sorts of documents to prove your earnings and who you say you are. Do your homework and you will not have to waste this time.

Wonga Short-Term Loans, Lending Stream, Pay Day Express, QuickQuid, Speed-e-loans, One Month loan are loan companies that provide a fast, no fax payday loan service in the UK. Just what you need. Quick Quid has the cheapest deal for up to a 30-day loan period and Wonga has the lower price for a 15-day loan period.

Obviously, you know that to secure a no fax payday loan you will need to pass some lending criteria. The information you give when completing and submitting the application form online, securely of course, is used by the lenders to assess you. As a minimum they want you to be over the age of 18, a UK resident with a UK bank account and have some regular income. They also prefer it if your regular income is paid into the same bank account that has a debit card that is required to get such an advance. Also, as they are not asking you to fax in any paperwork they are likely to credit check you, and all will definitely ID check you.

Should you not manage to meet some or all of the above requirements then, of course, applying for a no fax payday loan may not be advisable. Some companies, however, will accept such applications but then you will need to provide further documentation in relation to it.

Upon receipt of your application, in most cases, when it comes to no fax payday loans the lender will generally inform you in a short space of time if the loan has been approved. If it has then normally in less than 24 hours of the application being processed and approved the funds will be deposited into your bank account. In some cases if the application for such loans is made before a certain time in the day then the funds may be deposited into your bank account on that very same day.

Receiving an advance on your pay is ideal to help meet unplanned financial commitments, but you do need to repay it on your next pay day so please make sure you can afford to do so. Failure to meet repayments can be very costly, not to mention all the hassle you have to go through.

As always, I hope what you have read has been informative for you and you can compare all no fax payday loans at our website (link provided for you just below) as well as all reputable payday lenders in the UK. You can also contact us by email on the ‘contact us’ page should you have any further questions. We would be delighted to help you out as much as we possibly can.

Author

Welcome to Camp New Debt Relief Hope, I am Michael Beyer. All about managing your income and your expenses, and saving and investing.

Know More!