Credit cards are the bane of society. Yet, ironically, without some type of credit it may be difficult to get a loan, purchase a home or a car. It’s a catch-22 situation in that the FICO score on your credit report is determined by the amount of credit you have. The higher the score, the better positioned you will be to buy the house or the car. Too much credit and you become a risk; not enough credit and you’re still a risk. What’s the alternative? Cut up those credit cards; pay with cash. (more…)
Posts Tagged ‘payments’
Credit Cards Catch 22
Friday, July 11th, 2008Pay with Cash or Credit Card
Thursday, July 10th, 2008With the surge in home foreclosures, homeowners have unfortunately had to resort to utilizing their credit cards to pay their monthly mortgage. Credit cards, although great to have in an emergency, are the bane of society. In our parents’ day, the rule of thumb was to pay with cash. If you couldn’t afford it, you couldn’t but it.
The credit crunch today has forced many well known banks to borrow money from the Federal Government. Here are some startling statistics: According to the Federal Reserve, for the year 2006-2007 the total US consumer debt was $2.46 trillion dollars. This is mainly credit card debt. Another source indicates that 8.3 percent of households owe $9,000 or more in credit card debt. (more…)
What If You Can’t Pay?
Monday, June 9th, 2008Debt is a situation increasing numbers of people in the Western world are finding themselves in; options do exist to help but certain steps need to taken before you can clear your debts. You must seek methods that will provide debt relief in the short and long term. Debt has become a major problem in many countries but it is important to reduce debt burdens seriously if you do not want to live with less worry. (more…)
How to Accept Online Payments
Wednesday, June 4th, 2008No internet business today can hope to survive if it is unable to accept credit cards online, today, most young people could not live in a world without this service.No Internet business will be successful if it restricts how products or services can be paid for, lost business and long term custom will be the result. Not accepting online payments is not a way to retain customers, visitors will become irate and leave your site, possibly never returning.
If you don’t find a way to have the order paid for immediately, customers will just leave your site in droves. You will find that every successful website on the Internet accepts credit cards online, companies have realized just how important this is. (more…)
Credit Cards vs PayPal
Tuesday, May 20th, 2008We all take the Internet for granted these days, especially when it comes to booking a vacation or ordering a bouquet of flowers. The facility to accept credit cards online is still relatively new. Every successful shopping site relies on this. No-one who wants to keep his online business profitable is only going to offer checks or money orders as the only way to pay for orders. Customers will have to wait longer than is acceptable. People do not have the time or inclination to send in cash or a money order. Providing credit card payments for your customers will see your business flourish. (more…)