What Should You Do If Your Credit Card Shows A Negative Balance

Under normal circumstances, your credit card balance will appear as a positive number, and you must pay that balance, or at least the minimum payment due. If you see a negative balance on your credit card statement, you may find it confusing as to whether you owe the lender or the lender owes you.

Credit Balance

If you see a negative number on your credit card statement, it indicates that you have a negative balance and that no payment is currently due. In fact, that negative balance indicates that the credit card company owes you money. A number of things cause negative balances, including a successful chargeback for shoddy merchandise or an overpayment on your previous statement.

No Payment Due

When you have a credit balance on your credit card, you do not have to pay the bill, since you do not owe any money. You should still receive a credit card statement, however, since it is important to track your balance and decide what to do with it. Once you know that you have a credit balance in place, you can decide whether to leave that balance in place and make new charges or request a refund for the negative balance.

Offset New Charges

If you have a credit balance on your account, you can continue to make new purchases with the same card. Each new purchase goes against the negative balance and reduces it, until that negative balance is gone and you once again owe money on the

Bin Checker For American Express Assists Merchants In Validating Credit Cards

Before delving into the ‘BIN checker for American Express’ subject, we are going to take a look at what the BIN checker facility is exactly, and which factors govern it.

At its core, the BIN checker system works to resolve all the queries related to looking up details about a BIN number. These details are already stored and made available upon request in a BIN numbers database.

What does the BIN number list and BIN checker software represent? Why are people using it as a standard? To answer these commonly asked questions, read the following description carefully…

For each and every credit card, debit card and electronic charge, the first 6 digits of the entire numbers string are the BIN numbers. These numbers individually represent a special coded segment for the card type, where it originates from, which bank issued it – and so on and so forth.

With a more sophisticated BIN checker program, the end user gets to know a lot of other details that don’t come along with software of a general or trial nature. However, seeing that this specific information isn’t exactly the center focus of this article, we’ll move onto explaining the BIN checker for American Express.

What is BIN Checker For American Express?

BIN checker for American Express cards is nothing more than a special category of the first 6 numbers, which supposedly identifies all kinds of cards that were ever made under the tutelage of American Express. We use the word

Five Steps To Improve Your Credit Score Starting From Zero

Your credit score is the single most important factor that decides your financial success. The process of re-establishing your credit rating after having suffered a job loss or some sort of family emergency may seem impossible, but the truth is starting from scratch is more simpler that you think. The hard part when it comes to starting over and raising your credit score is maintaining a consistent payment regimen with the credit bureaus.

The first step to raising your credit score is getting a copy of your free triple score report. Once you have copy of your report, it is important to examine your report thoroughly for mistakes. You should never assume that you report is accurate. You will be surprised at the amount of mistakes on your report. Some of the most common errors may include: reporting late payments erroneously, listing the same negative account multiple times, and reporting a family member’s account on your bureau. The best way to deal with mistakes on your report is to consult with a credit attorney.

The second step in the process of improving your credit bureau involves putting some positive items on your report. Your credit report may be clean as a whistle but without some positive accounts, you will not be able to generate a credit rating.
One way of getting positive credit is by applying for a secured Visa or Mastercard. There are many companies that are willing to open credit card accounts with a security deposit. A

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


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

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

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

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,

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.