How To Avoid Credit Card Debt

There are certain things in life that you will wish to avoid if you want to have a secure financial present and future for yourself and your family. Credit card debt is certainly one of those things that you should be avoiding. People do not always realise or think about it but keeping an outstanding credit card balance is one of the most expensive financial arrangements you could possibly subscribe to. If you have even an average interest rate, and not too much of an outstanding balance, you could be wasting literally hundreds of pounds a year by not paying off your outstanding balance in full each month.

There are also other problems with keeping a high amount of credit card debt. You will be making your credit rating worse for one thing. And this is something that you should be concerned about. Credit providers, banks, insurance companies and even employers will use your credit rating as a means of assessing your financial standing. If you have a very high outstanding credit card debt, or are close to your credit card debt limit, this will be regarded as a negative in the assessment of your credit score and for this very purpose, it is something that you should be attempting to avoid.

A lowered credit rating will cause you to receive worse terms and offers for future credit. For example you may get

Higher interest rates
Less favourable terms
Lower credit limits
Refusal of credit

If

view full post »

Credit Card Payment Solutions for Lawyers

Benefits of Electronic Payments

When you open a law firm merchant account , your clients are poised to pay you faster and with less effort on your part (and theirs). But that’s not all:
Direct Payments to Escrow and Trust Accounts. Because we are law firm specialists, and leading providers of law firm billing software and trust accounting software, we’ll also help you set up secure payments to your escrow and trust accounts. We’ll set it up with your operating account-so that it works in tandem with your trust account, and ensures you’re managing your clients’ funds correctly. Not all credit card processors understand law firm compliance requirements. We practically wrote the book!
-Real Time- Reporting. Use your desktop or laptop to accept credit or debit card payments, and reap the benefits of “real-time” electronic reporting for optimal accounting reconciliation.

Improved Client Acquisition and Retention . An online credit card payment option allows clients to make timely legal fee payments or fund escrow accounts without dipping into their investments.

For more than 25 years, Easy Soft has worked with thousands of law firms, helping them leverage technology to comply with regulations and streamline their payment systems.

Put specialized payment technology to work for your law firm today. Give your clients more payment options with the exclusive Easy Soft Payment Acceptance Program, and you’ll increase your cash flow, reduce outstanding receivables, and e liminate the frustration of collection efforts.

Payment Of Education Cess From Credit Of Basic Excise Duty

Sometime Credit in the account of one or more heads of Excise duty i.e Cenvat, Education Cess & SHE Cess has been piled up due to various reasons. Now the question is whether payment of one head can be done from the Cenvat credit lying unutilized in Account of other head.

The answer of the above question is given in Rule 3 of Cenvat Credit Rule 2004. As per Proviso to Rule 3(7) (b) of Cenvat Credit Rule 2004 which are produced below there is a restriction regarding use of Cenvat Credit of Education Cess & Secondary Education Cess for payment of only Education Cess & Secondary Education Cess but there is no vice versa restriction which means that Cenvat Credit of Education Cess & Secodary Education Cess can be used for payment of Education Cess & Secondary Education Cess only, no cross adjustment is possible in this case.

Proviso to Rule 3(7) (b) of Cenvat Credit Rule 2004

Cenvat credit built up out of education cess can be utilized only for payment of education cess on excise duty and service tax. It can not be utilized for the payment of excise duty, service tax and secondary higher education cess.

Cenvat credit built up out of secondary higher education cess can be utilized only for payment of secondary Education cess on excise duty and service tax. It can not be utilized for the payment of excise duty, service tax and education cess.

As far as utilisation of Cenvat Credit of

view full post »

Credit Card Bin

A credit card bin is a bank identification number (BIN). This credit card bin number is usually embedded in the credit card and provides information about the financial institution that has issued that particular credit card. Today, it is not just banks that issue credit cards. A credit card bin has become a very important piece of information in so far as proper identification of a credit card goes. Both BIN (bank identification number) and IIN (issuer identification number) refer to the same thing – credit card number.

No two credit cards can have the same numbers

There are six digits that form the first part of a credit card number. These numbers make up the credit card bin number. The remaining credit card numbers are then used for identifying the account that relates to that particular credit card. Both the first six numbers of a credit card bin and the remaining numbers are unique to a credit card and this ensures that no two credit cards can have the same set of numbers. The last digit is referred to as a check digit which helps in verifying and securing the credit card.

Importance of first digit

The first digit of the credit card bin is called a Major Industry Identifier which indicates the general industry to which the issuer belongs to. For example, digits (in the credit card bin number) one and two help to identify the issuer as being part of the airline industry. The number three refers

view full post »

United Kingdom Credit Card Debt Relief

So many people in the UK are caught up in the swipe and spend culture that is leading us into more credit card debt year after year, some who have vowed never to be caught in the credit card trap, have been trapped with some owing more than 30,000. The average UK household has 4 credit cards, with some having up to 12 cards. The average debt in the UK has doubled from 2000 to 2007. In 2000 the average debt for all loans was 17,000 in 2007 it was 33,000. Many households have already stretched their borrowing capacity, which will lead to a large number of people being declared insolvent. With so many interest rate increase the last year in mortgages and rises in energy costs the future is bleak. The number of people filing for bankruptcy is also on the increase. This is definitely a situation you want to avoid and can do so by finding a credit card debt relief plan that suits your predicament.

First, you should not feel bad if you find yourself in a bad credit situation where you need to repay even a modest amount of credit card debt. Most all households across the United Kingdom have some type of credit card related debt and many of them need to at some point eventually seek out the services of a credit card debt relief service.

Consumers will find that debt relief from your credit cards can take on many different forms. The first step that

view full post »

Bringing More New Customers To Your Restaurant

When I ask the following question to restaurateurs:

What’s their biggest challenge as a restaurateur?

This is the number one answer from a significant number of restaurateurs every month:

“To bring new customers to my restaurant.”

It looks like a logical answer, doesn’t? Who doesn’t want to have lots of new people walking through your door? However, if I continued to my manage my restaurant – and after learning a lot in the last years about marketing – my wish would probably be different. It would be something like:

“I want my existing clients to come back to my restaurant over and over.”

Does that mean I don’t want new customers? Of course I do, new customers are new opportunities to convert into repeated clients, but targeting your marketing efforts towards getting new clients shouldn’t make up the bulk of yourexpenses orefforts. So what do you need to do?

I will explain to you by presenting a hypotheticalexercise:

Let’s imagine that we have two restaurants with similar capacity.We will call them Restaurant A and Restaurant B.

For the sake of simplicity we assume the following parameters are common to both restaurants:

* The average price per meal is $25 * The profitmarginper meal is $10 * The marketing investment for both is $5,000

Now the differences are:

Restaurant A invests all the $5,000 in bringing in new customers. They invest the money in a very successfulcampaignand create direct mailing, discount coupons, etc.

When the $5,000 marketing dollars are over,

view full post »

Benefits Of Real Estate Business And Investment

In the domain of real estate business there is no need to be apprehensive as yet for the Americans, are still recovering from the fear of debts which had controlled their finances until recently and it is only with the help of such resources as a low interest consolidation or the best debt management programs that the citizens could finally get respite from the trap of debts. But now when the economy has started to look up from the financial void, it is time for the citizens to change their views about some of the businesses which are capable of providing better returns in the long run. Gone are those days when businesses were looked with greater awe. Though there are persistent risks which are involved with this business, it is of more worth to calculate the advantages of being involved in this business.
Let us have an overview of the same in the next few lines:
If you have been comparing an array of business opportunities lately, you will be glad to know that a real estate investment is less risky than other businesses and they are in fact quite stable provided that you have actually been able to encompass the pettiest of aspects that are related to this business, and you have taken this opportunity seriously. However the lesser risks are associated with such factors as stability in the rate of mortgage followed by the appreciating value of the land and various other socio economic issues.

view full post »

Chase Credit Cards Why The Instant Approval Program Is Good

The Internet offers a plethora of advantages to users. When it comes to financial issues, the speed with which transactions are completed means loans are granted faster, money is transferred immediately and credit cards are approved more swiftly. But now, Chase credit cards can be approved even faster. In fact, instantly.

Chase bank (along with Bank of America) has introduced an instant approval program to help the growing number of borrowers with ailing finances to reclaim a stronger financial position. The move is also seen as an ideal way to revive the economy. Criteria has been cut, with applicants now only needing to prove an ability to repay.

Ignoring credit histories is part of the deal, with cardholders receiving these credit cards effectively getting another chance to properly manage their finances. In this way, their financial future is improved in the process.

Benefits For Applicants

Everyone expects credit cards to come with a range of incentives, and Chase credit cards are no different. But with some of the most generous incentives and rewards schemes around, their cards are less expensive than it first seems.

Still, there are benefits that should be expected as a matter of course, from 0% APR and no annual fees to 0% charges on purchases and balance transfers, usually for the first 6 months or so. With the instant approval program, qualifying cardholders benefit from these introductory offers too.

When the introductory offer ends, APR is charged at a slightly higher rate of as much a

view full post »

Small Business Credit Cards Explained!

If you are opening up a small business, obtaining a small business credit card is something that you should look into. It will be an essential business tool for you during this beginning time of your company as well as during growth periods. There are many assorted credit cards available to small business owners with assorted features and benefits each geared to a different result.

For those who do not have a lot of time to spend on the phone with different financial institutions discussing small business credit card options, the Internet is a fantastic resource for gathering all the information you need. With so many lenders listed online, you can browse each type of credit card along with the benefits as well as apply through a secure website in order to complete your application in minutes.

Small business credit cards are useful business tools for things such as ordering supplies, keeping track of business spending habits, or even securing contracts with your suppliers. There are a number of credit cards that have a variety of rewards programs that are available to small businesses. These rewards include:

* Cash Back options * Frequent Flyer Air Miles * No annual fee * 0% APR * Automobile dealership specials (discounts for gas, parts, service, etc.) * Travel rewards (discounts for hotels, rental cars, gas, etc.)

When looking for your small business credit card the lender can be very choosy on who is eligible to apply for these specific

view full post »

Wireless Credit Card Terminal – A Perfect Example Of High Technology That Has Changed The Method Of

We are living in a highly developed society that is completely based on high-end technology and in every field we can experience the contribution made by the latest technology. It has made our life simple, easier and convenient in various aspects and we have experienced the major transformation it has made in our life. One of the best results of this technological development is the credit card that is used for payment of almost every transaction we make. A credit card payment system is much safer and easier than the traditional method of cash payment. Credit card and wireless credit card terminals have changed the method of online and offline shopping.

A credit card swipe terminal is essential for a shopkeeper, who wants to accept credit cards in their shops. Traditionally this terminal has a magnetic strip reader, a display and a keypad. Sometimes a printer is also attached. The latest version of the credit card terminal is a wireless credit card terminal, which is most suitable for restaurants and cab firms. Wireless credit card terminals allow a person to process credit cards electronically anywhere and it allows business to process transactions from mobile locations efficiently and quickly. This terminal is mostly used by businesses that mainly operate in a mobile environment. For mobile business it is the easiest way to conduct transactions for their business.

The working process of the wireless credit card terminal is same as the traditional credit card machine, except that the transaction in the wireless

view full post »