Learn The Credit Card Business Jargon And Stop Your Debt

Learn The Credit Card Business Jargon And Stop Your Debt Cold

Credit card companies, as part of the financial industry, use a massive array of jargon. If you understand the terms you can stay on top of your credit card debt. While you can’t be expected to recognize all the technical terms, some of them are quite important so here is a quick guide, in alphabetical order.

Affinity card
This is a credit card that gives a certain amount to a charity of your choice, depending on how much you spend. It is generally best to avoid any charity that wants you to sign up for such a card and dont let guilt lead you to a high interest rate.

APR
Annual Percentage Rate. This is your overall interest rate, calculated yearly, and given as a percentage of your credit card debt balance.

ATM
Automated Teller Machine. A cash machine. It will give you money when you put your credit card in, but will probably charge an extra fee.

Balance transfer
This is when you transfer your balance from one credit card to another. The usual reason for this is to try and keep as much credit card debt as possible on a lower-interest card.

Credit limit
Your credit limit is the maximum amount you can spend or withdraw from your card. Going over your credit limit will result in your card no longer being accepted and you being charged an over-limit fee.

Fixed rate
A fixed rate card is one where you are given a rate when you sign up for the card and that rate, at least in theory, stays the same for the whole time you have the card. In practice, though, interest rates can be changed for almost any reason.

Grace period
Your grace period is the amount of time between when you spend money and when you start paying interest on it. Good cards can have a grace period of up to two months and bad ones might not have one at all.

Minimum payment
A minimum payment is the absolute lowest amount you can pay back to the credit card company each month on your credit card debt. You should pay more, but you dont have to. Minimum payments are usually around 2% of your balance.

Sub-prime
This is a phrase used in the industry to describe customers who are a bad credit risk, but are seen as worth lending to anyway. If you are identified as sub-prime, youll start getting offers for loans secured on your property. They know that if you cant pay your credit card debt theyll get their money anyway.

Teaser rate
A special offer low rate, usually written in enormous letters. You will see many offers with LOW 4.9% APR in inch-high letters, followed by for first six months, 21.9% thereafter in microscopic ones. Teaser offers can sometimes be worth taking, but not if they tie you in for longer than the period of the offer.

Variable rate
This is an interest rate that is worked out by adding a certain amount to the current base rate. Taking this option will allow your credit card debt to be affected by changes in national interest rates. Its a good idea if you think rates might go down, and a bad one if they are on the way up.

The more informed you are the better control you will have over your credit and you credit card debt. To find out more about hidden fees, charges and costs buried deep in your credit card agreement and shift the financial powere from the credit card companies to you.

The 3 Most Important Questions To Ask About A Data

The 3 Most Important Questions To Ask About A Data Entry Job Business

One of the attractions of data entry jobs seems to be that you can work when you want and you get to control your time and deadlines. So many people are now developing their data entry jobs into a full data entry business. To decide if this is really a possibility there is a need to ask and answer some very important questions.

1. What would make a really great business? Probably the first thing would be that it should make good money because there is not much incentive to stay in a business that is not making any money. Most of us do not have the luxury, or desire, to continue in a business and not get paid. A business built around data entry jobs is definitely one that can make money.

2. Can I be master of my own time? Another thing that makes a really great business is that you get to control your time. At first most people would be working in their spare time after work to earn that extra income. As success comes, and with it money, it is often possible to quit your job and work full time on the data entry business and with that comes a certain amount of freedom. You no longer have to check in at work by a certain hour, no more traveling in the cold (or heat) to get to work, no more getting calls at the last minute that they don’t need you. You call the shots!

3. Exactly how much will it cost to start? The last, but possibly the most important thing is that a really great business does not have to take thousands of dollars to get into. Everyone hears the stories about people mortgaging their house, or using all their savings to risk it all in a business. They often work 80 hours a week only to have the business fail in the first two years.

With these three important points in mind, it is easy to see why so many people turn to a data entry jobs to earn extra income and to make money online. With the computer age there is so much opportunity for data entry jobs. The cost of getting into this business is very small, and you can really tailor it to fit your life, after all, you want to improve your life not work it away!

Considering Franchising Talk To Specialist Franchise Solicitors

If you are thinking of going into franchising, then you will need experienced advice from specialist lawyers.

They make sure that you understand what’s happening and that you get the right kind of agreement for the sort of business you will be working with. If you’re on the fence as to whether you want to become a franchisee, read on to find out some of the best reasons you should definitely think about it and get on the phone for some specialist franchise legal advice from expert solicitors.

Tried and tested business

One of the best reasons for becoming a franchisee is that you will have a ready-made, tried and tested business to work from. If a company is looking for franchisees then it is more than likely to be because it is enjoying success and it wants to expand. If you decide to take on the responsibility, a lot of the work of setting up the business will already have been done for you so you’ll be able to get down to business much quicker than if you were setting up your own business from scratch.

Plus, your franchise solicitors will be able to walk you through the process so you’ll be able to feel more confident about taking on the challenge.

Support in setting up

Having a tried and tested business is also beneficial when it comes to support for setting up. The parent company is likely to have a range of manuals and other training material that you will be able to utilise. This will be useful when it comes to putting the business’s principles into practice and training staff. It will give you a good understanding of how to go about running the business, which will hopefully help you to turn your new business into a success.

Marketing benefits

Franchise solicitors will also be able to explain some of the benefits when it comes to marketing if you decide to become a franchisee. Marketing a business generally takes a lot of time and effort – this is true of all businesses, but if you are part of a franchise then it is likely that the parent company will take a role in marketing the business and may provide you with marketing materials that you can make use of.

Network of support

Finally, and especially if you become a franchisee for a company that has significant experience in the area, you’ll have a good network of support around you. Being able to talk to other franchisees can help you get through the process and they can give you advice on setting up your business. As well as the franchise legal advice and support from your specialist solicitors, you’re sure to be well on your way to success.

If you’re thinking of franchising a business and are looking for franchise legal advice you can rely on, get in touch with Bonallack & Bishop’s specialist franchise solicitors or visit their dedicated website.