credit card offers
A
credit card
is a system of payment named after the small plastic card issued to users of the system. In the case of credit cards, the issuer lends money to the consumer (or the user) to be paid later to the merchant. It is different from a charge card, which requires the balance to be paid in full each month. In contrast, credit cards allow the consumers to 'revolve' their balance, at the cost of having interest charged. Most credit cards are issued by local banks or credit unions, and are the same shape and size, as specified by the ISO 7810 standard.
KIZIAH
asked:
"I am continuously getting these credit card offers in the mail. I am concerned both about the security risks of these as well as the trees they waste this way. What can you do to get them to stop sending them?"
Question posted courtesy of:
Common Sense replied:
"Nope..You can't stop spam..."
trer replied:
"Nope. And in the 5 minutes it took for you to ask that question, your identification has been sold to 15 different companies already.It is difficult to "live off the grid"."
the foolish fox replied:
"If you're talking about junk mail through the post office and not spam, then scratch out or cut out your personally identifiable information and use their postage paid returns to send them back junk mail.If everyone does this, then these companies will have double the postage and handling costs. Hit 'em where it hurts."
productjunkie replied:
"There is an opt out number on the forms they send you...take the time to call. My junk mail pile has shrunk drastically by doing this."
Craig L replied:
"This will help. Call 1-888-5OPTOUT (1-888-567-8688) or go toThis should keep the Credit Reporting Agencies from providing the pre-screen info that the credit card offers rely upon. It may not stem the tide completely but it should reduce it to a trickle.Good luck."
Slim
asked:
"I'm 24 and just bought a new car. I don't really have credit and was being turned down by credit card companies for lack of credit. So my question is once I begin establishing credit, will I get any credit card offers?I don't want or need 3 or 4 credit cards, just 1 main card."
Question posted courtesy of:
Mister Mister replied:
"When you receive credit card offers in the mail, it doesn't necessarily mean that you will qualify or get approval on them (even if it says "Pre-Approval guaranteed"). It means that your name is part of a pre-screening process. Even with those offers, those card companies still require a full application, and you can still get denied a line of credit.If you have a NEW car, and the car loan was taken out through a bank that reports on your credit report, then eventually your score will rise once you make regular payments, and eventually pay it off.If you got approved for an auto loan on a NEW car from a dealership, then you should be able to get approved for a credit card. A credit card is the highest risk line of credit extended, thus why the APR and fees are so high. A car being the 2nd highest....so based on that, you should have been able to get a card. Now that you just got a car with a large line of extended credit, this may affect your ability to get a decent card with a good limit....but you should still be able to get one.If nothing else, if you need a card right now to help in establishing your credit, go for a secured Visa/Master Card. They report to all credit bureaus...it's much different from a Visa DEBIT card, which does NOT report."
jai_raq_emporium replied:
"Possibly, however what is your real issue? You have now officially began a credit history with the purchase of your car. I remember starting out like that. Time a financial change come about, now there goes your credit history that you were working hard to establish.I suggest to take it slow. Good things come to those who wait. If you just need a card, I suggest one of those load as you go. You have the opportunity to be your own bank. Controlling what happens on your card. Don't get stuck with a credit card statement right now. Keep those car payments up and on time. That will build your credit score! Make sure as you are making them on time, that they are reporting it!I know it is hard to believe with all the creditor's out there that they don't "ALL" report. But it is true. This is only a benefit if you have been making crummy payments. But this is not of sane judgement. The objective is on time, regular payments.Your actual report will show if you have been 30, 60,90 days or more late and how many times. All of that and other variables affect your fico score. Creditors are looking for folks with higher fico scores. The higher it is, the more this says you are trustworthy and responsible! This also means you pay "Less" for having credit with them. Example, the higher your fico score, the lower your interest rate will be.So keep up the payments, keep up the fico score, and the offers "WILL" come.:-)Good Luck"
Roberta A
asked:
"Is there a number or something I can call to get people to stop sending me credit card offers? I cant at least 5-10 credit cards offers a week, whether it's mail or phone calls.Please help. This is annoying.Thank you."
Question posted courtesy of:
Christina replied:
"Use this site. I did it and get a lot less junk in the mail now. If you want to stop telemarketers, use ."
iostream92122
asked:
"I already opted myself out from credit card offers. Also, why or how did my family members get associated with my address?"
Question posted courtesy of:
Marisol replied:
"You should ask you family members if they have ever used you address as their own residence, if that's the cause go to the post office have them transfer the mail to your family members house, who ever is receiving offers to you home and one other thing when you get the letters write on it RETURN TO SENDER and it will get back to them or call the CO. and notify them."
Amanda replied:
"I am not sure how your family members got associated with your address but I'll tell you how mine did. My uncle co-signed on a car I bought from him years ago and I would always get credit card offers for him in the mail. I told him about opting out which he was happy to do since he was receiving offers at his home as well and then it stopped!"
Aero Cat
asked:
"I know that credit card companies have access to certain credit information, but what exactly do they have access to? My husband and I both have Beacon scores over 800 and get an average of four Credit card or refinance offers EACH per day! I guess I have two questions:1) What data do they use to "prequalify" us on all these offers? Do they use our beacons or something else?2) How can I stop them?I just asked a question about a better paper shredder, but I realized that the paper shredder wasn't my problem. It's all the JUNK I get daily! Any good advice is welcome! I don't even enjoy getting the mail anymore!"
Question posted courtesy of:
ninedemonsgod replied:
"Start mailing spams to them and see how they like it."
mikelo123 replied:
"Take a look at this information page it lists types of cards and information, it should also answer your question."
stiletto replied:
"I1). If you own a home it doesn't matter whether you have a beacon score of 500 or 800, the mortgage company will try to get your business. 2). The credit bureaus offer a toll-free number that enables you to “opt-out” of having pre-approved credit offers sent to you for two years. Call 1-888-5-OPTOUT (567-8688). Opt out can be permanent or for a limited amount of time (usually five years). It will ask you what you want when you call."
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There are just too many offers on low interest rate balance transfer credit cards nowadays. It’s so hard not to give in to all these tempting offers and a wary consumer will always study all his options before jumping into any decision.
The debt settlement program offered by the consumer law attorneys is a viable debt relief solution for those who have substantial credit card debt and want relief. The debt negotiation strategies are attorney facilitated and are designed to satisfy creditors for less than owed and to avoid bankruptcy. The law firm has thousands of clients.
This article offers some quick fixes for help with credit card debt and also offers information on more long therm solutions.
Credit cards for people with bad credit or who can't qualify for a regular credit card - compare credit card offers, When we choose to shop a product online through a web site, we are facilitated with the list of product by that site. To choose that particular product we just has to click to that appropriate link.
