The thing that makes credit cards so dangerous is that they are convenient. It is so much easier to just swipe your card than have to deal with change all day long in your pocket. Really the whole convenience excuse isn’t enough though for some people they just get addicted to the allusion of having a lot of money. Credit cards give you pretty good buying power but they also carry with them a very large interest rate. For most this interest rate would detour them from spending the money they don’t have but for a few that isn’t enough. It is a rough life having to juggle paying all of the bills and spending money is a release.
It really is a stress release for some people so spending becomes an addiction. Like a drug the credit card industry is starting to plague society from the ground up. I doubt that the government will outright make credit cards illegal but I think we will be seeing the government putting much more restriction on their use. They also see this debt epidemic starting to work its way into all facets of life. It won’t be long before you will have to check into credit card rehab.
Monday, November 16, 2009
Thursday, November 12, 2009
The Rise of Credit
Is there really a point to having a credit card? Well in today’s world it is almost a must have for most people. The simple fact is credit cards are an easier form of payment ad quicker form of payment than cash can be in most situations. No needing to worry about the change or waiting while the cashier has trouble figuring out why you paid them a certain way. Another aspect of credit cards, really the industry that surged the credit card business to where it is today is online business. Naturally you can’t pay someone online with cash so it is MUCH easier to just put it on your credit card than have to deal with sending a check.
The process is so much more streamlined with a credit card it seems like the credit cards were made for this type of business. This is a double edged sword because back in the day, only twenty-thirty years ago, credit cards were very much a premium that very few people had. The internet age really changed everything because now information could be transported quickly and people had another use for their cards. No one wanted to go through the hassle of using a credit card back when everything was done manually and it took ages to actually go through the process.
The process is so much more streamlined with a credit card it seems like the credit cards were made for this type of business. This is a double edged sword because back in the day, only twenty-thirty years ago, credit cards were very much a premium that very few people had. The internet age really changed everything because now information could be transported quickly and people had another use for their cards. No one wanted to go through the hassle of using a credit card back when everything was done manually and it took ages to actually go through the process.
Tuesday, November 10, 2009
What is a credit card?
What is a credit card? Basically it is a loan in the generalist sense of the word. You don’t have the cash on hand to pay for whatever you are using your credit card for so instead you use the card. The company that owns the card lets you borrow money from them with the full intent of getting their money back, with interest. They don’t just give money away because sadly the world we live in isn’t all that nice when it comes to things like that. Normally the interest rate on credit card can vary greatly anywhere from 0% to the high 20s. Sadly credit card reform in the states isn’t as great as it should be so credit card companies are getting away with charging incredibly high fees as well as rates.
The borrower is normally stuck using these horrible cards because they depend on them to survive. With the way that the economy is today it would seem that this is becoming more the norm for struggling families. It is a very dangerous situation to be in because the more debt we collect as a nation the more problems we inherit that are associated with the acquisition of debt.
The borrower is normally stuck using these horrible cards because they depend on them to survive. With the way that the economy is today it would seem that this is becoming more the norm for struggling families. It is a very dangerous situation to be in because the more debt we collect as a nation the more problems we inherit that are associated with the acquisition of debt.
Privacy Policy
Privacy Policy for http://creditcompass.blogspot.com/
The privacy of our visitors to http://creditcompass.blogspot.com/ is important to us.
At http://creditcompass.blogspot.com/, we recognize that privacy of your personal information is important. Here is information on what types of personal information we receive and collect when you use and visit http://creditcompass.blogspot.com/, and how we safeguard your information. We never sell your personal information to third parties.
Log Files
As with most other websites, we collect and use the data contained in log files. The information in the log files include your IP (internet protocol) address, your ISP (internet service provider, such as AOL or Shaw Cable), the browser you used to visit our site (such as Internet Explorer or Firefox), the time you visited our site and which pages you visited throughout our site.
Cookies and Web Beacons
We do use cookies to store information, such as your personal preferences when you visit our site. This could include only showing you a popup once in your visit, or the ability to login to some of our features, such as forums.
We also use third party advertisements on http://creditcompass.blogspot.com/ to support our site. Some of these advertisers may use technology such as cookies and web beacons when they advertise on our site, which will also send these advertisers (such as Google through the Google AdSense program) information including your IP address, your ISP , the browser you used to visit our site, and in some cases, whether you have Flash installed. This is generally used for geotargeting purposes (showing New York real estate ads to someone in New York, for example) or showing certain ads based on specific sites visited (such as showing cooking ads to someone who frequents cooking sites).
DoubleClick DART cookies
We also may use DART cookies for ad serving through Google’s DoubleClick, which places a cookie on your computer when you are browsing the web and visit a site using DoubleClick advertising (including some Google AdSense advertisements). This cookie is used to serve ads specific to you and your interests (”interest based targeting”). The ads served will be targeted based on your previous browsing history (For example, if you have been viewing sites about visiting Las Vegas, you may see Las Vegas hotel advertisements when viewing a non-related site, such as on a site about hockey). DART uses “non personally identifiable information”. It does NOT track personal information about you, such as your name, email address, physical address, telephone number, social security numbers, bank account numbers or credit card numbers. You can opt-out of this ad serving on all sites using this advertising by visiting http://www.doubleclick.com/privacy/dart_adserving.aspx
You can choose to disable or selectively turn off our cookies or third-party cookies in your browser settings, or by managing preferences in programs such as Norton Internet Security. However, this can affect how you are able to interact with our site as well as other websites. This could include the inability to login to services or programs, such as logging into forums or accounts.
Deleting cookies does not mean you are permanently opted out of any advertising program. Unless you have settings that disallow cookies, the next time you visit a site running the advertisements, a new cookie will be added.
Go to http://www.google.com/privacy_ads.html For more info.
AdSense Privacy Policy Provided by JenSense
The privacy of our visitors to http://creditcompass.blogspot.com/ is important to us.
At http://creditcompass.blogspot.com/, we recognize that privacy of your personal information is important. Here is information on what types of personal information we receive and collect when you use and visit http://creditcompass.blogspot.com/, and how we safeguard your information. We never sell your personal information to third parties.
Log Files
As with most other websites, we collect and use the data contained in log files. The information in the log files include your IP (internet protocol) address, your ISP (internet service provider, such as AOL or Shaw Cable), the browser you used to visit our site (such as Internet Explorer or Firefox), the time you visited our site and which pages you visited throughout our site.
Cookies and Web Beacons
We do use cookies to store information, such as your personal preferences when you visit our site. This could include only showing you a popup once in your visit, or the ability to login to some of our features, such as forums.
We also use third party advertisements on http://creditcompass.blogspot.com/ to support our site. Some of these advertisers may use technology such as cookies and web beacons when they advertise on our site, which will also send these advertisers (such as Google through the Google AdSense program) information including your IP address, your ISP , the browser you used to visit our site, and in some cases, whether you have Flash installed. This is generally used for geotargeting purposes (showing New York real estate ads to someone in New York, for example) or showing certain ads based on specific sites visited (such as showing cooking ads to someone who frequents cooking sites).
DoubleClick DART cookies
We also may use DART cookies for ad serving through Google’s DoubleClick, which places a cookie on your computer when you are browsing the web and visit a site using DoubleClick advertising (including some Google AdSense advertisements). This cookie is used to serve ads specific to you and your interests (”interest based targeting”). The ads served will be targeted based on your previous browsing history (For example, if you have been viewing sites about visiting Las Vegas, you may see Las Vegas hotel advertisements when viewing a non-related site, such as on a site about hockey). DART uses “non personally identifiable information”. It does NOT track personal information about you, such as your name, email address, physical address, telephone number, social security numbers, bank account numbers or credit card numbers. You can opt-out of this ad serving on all sites using this advertising by visiting http://www.doubleclick.com/privacy/dart_adserving.aspx
You can choose to disable or selectively turn off our cookies or third-party cookies in your browser settings, or by managing preferences in programs such as Norton Internet Security. However, this can affect how you are able to interact with our site as well as other websites. This could include the inability to login to services or programs, such as logging into forums or accounts.
Deleting cookies does not mean you are permanently opted out of any advertising program. Unless you have settings that disallow cookies, the next time you visit a site running the advertisements, a new cookie will be added.
Go to http://www.google.com/privacy_ads.html For more info.
AdSense Privacy Policy Provided by JenSense
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