Most credit cardholders do not bother to ask their issuer for a lower interest rate. They just stick with what their issuer tells them. But credit card companies won’t volunteer to reduce your costs unless you ask for it. Statistics show that 57% of cardholders who called in for a reduced APR have been granted with their requests.
You’ve ordered a copy of your credit report and you’ve found several late payments listed under your credit history. These late payments will certainly pull down your credit score. As a result, you may find it difficult to seek approval when applying for loans or credit cards.
Some people get caught in debt crisis without warning. Certain happenings in life such as sickness, unemployment, business shut down, or divorce can come at the most unexpected moments and drain one’s finances. This is why it’s very important to be prepared all the time. Recognizing the signs and taking steps to counteract the problem as early as possible is best.
It cannot be denied that identity theft and credit card fraud is a plague in our society. Each year, millions of consumers in the US alone become victims of ID theft and fraud. The staggering number of ID theft victims continues to increase.
Every year, it is estimated that about 10 million people in the US will become victims of crimes related to fraud and identity theft. Past cases have proven that many consumers have been victimized by Identity Thieves without their slightest awareness.