Welcome to Debt Management Events!

Welcome to Debt Management Events!

Management skills are considered as most desirable in every individual in both his personal and professional life. But when it comes to managing his/her own finances and regularizing his/her own money, people start taking the task for granted, and end up at a dead-end caused by their financial blunders and over-confidence. Eventually this continuous mismanagement of money leads them to a habit of borrowing money in forms of loans and equities, over-usage of credit cards and involvement in self-indulgent spendthrift activities that drains their money from more than one outlet, resulting into a wide abyss of ‘Debt’ and perhaps ‘Bankruptcy’ too! Nevertheless, there are several debt relief options like debt settlement, debt management, credit counseling etc to help us out of this increasing fear and insecurity of being on debt, but prevention is always better than cure and therefore one should always take prior actions to avoid any risks of debts and its relative infections, which acts as a vicious circle all your life.

Debt Management Events is a noble venture which can also be called as an interesting archive of worthy and essential information, facts and knowledge regarding debt and the art to manage it tactfully in order to end it along with its negative traits or blemishes. We would not only acquaint you with the most apt and legitimate ways to manage your debts but will also make you contemplate on the very essence of financial troubles and its root causes. Remember that managing your own money is the first step towards closing all doors that lead to debt, bankruptcy and ambiguities of debt relief processes.

Monday, March 14, 2011

The pros and cons of credit union credit cards


During a time when the banks are raising the fees and rates of credit cards, a credit card obtained from a credit union is a much better choice undoubtedly. Basically, credit unions refer to the financial co operatives which do not mean profit; they usually offer lesser rates and fees than the banks or other profitable financial institution. The consumers of the American society who are already drowned in deep debts and are considering the benefits of debt management services are finding it difficult to afford the higher upfront fees of the credit cards offered by the banks. Alongside they also got to be careful about the hidden fees of these credit cards. However, the credit union credit cards are not meant for everyone. Those consumers who are more acclimatized to the reward points of the bank credit cards might not find the other option as favorable. On the other hand it might just be the most correct option for those who are unable to afford the high rates of interest of the bank credit cards. Let us study the pros and cons of credit union credit cards:
§  Those consumers who are habituated with late payments or carrying balances may find this as the right option for their use. Other than lower APR’s and no penalty fees, they will not also charge you for a balance transfer fee.
§  Although the CARD Act has come into effect, the credit union credit cards will not see many changes in their terms. In short, those consumers who are not able to negotiate for a better rate of interest might find the offers of a credit union credit card as the most suitable option.
However, there are disadvantages as well for you have to be a member of a credit union in order to avail the desired benefits. Moreover, you might not be eligible for any credit union without having the references. You have to check with specific groups or associations and check for a membership. The other thing that you could do is to shop around online for the credit union credit card. However, before applying for a credit card you have got to make sure that the credit union has a credit card program.

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