The longest period without interest that is offered in Plus credit card from Halifax, and will allow consumers to enjoy a longer period during which to pay its debts transferred without having to pay any interest.

Card balance transfer credit have become increasingly popular in recent years, with many people who have existing credit cards with outstanding debt and high interest rates that choose to transfer the existing card debt on a balance transfer card that charges no interest at all in the debt transferred for a specified period of time. The idea is that the cardholder to ensure that transferred debt is paid within that period without interest to not pay interest on debt.

Halifax Plus card has offered a generous interest free period of twelve months on balance transfers. However, the lender has announced that the interest free period that extends for a month so that the interest free period will now be offered thirteen months. The credit card, like most other balance transfer cards, charges a transfer fee of 3 percent of the total amount transferred to the card, but consumers after thirteen months to pay the balance without to pay any interest.

However, like most other cards balance transfer credit card Plus is available only to those who have good credit history, consumers can find many who are not able to get their hands on this agreement, if your credit is not up to it. However, people with damaged credit may be eligible for life of balance transfer cards, which do not charge a transfer fee and low interest rate for life of balance transferred.

So the end of credit cards, seems to be getting closer. The companies expect to introduce major payment transactions via mobile devices, intensively within three to five years. One issue that is very important, but currently 419 million Visa cards, debit, credit and operating companies across Europe.

Initial assessments predict that only U.S. payment through mobile disposition might have on operations in 2015 to 22,000 million dollars, a real revolution, as today the turnover is achieved is minimal.

The technology extends contact less payment is a novel system that allows us to confirm only bring operations to a sales terminal (you can find in stores or buy it as peripherals and add it to your computer) a mobile device, without the need to introduce any code.

In a few months to buy a pizza or a drink can be as easy as taking your mobile phone pocket and agree to purchase.

All this is achieved by the Near Field Communications (NFC), a development that calls the attention of businesses. For the moment, MasterCard, Visa, Citi Group, Bank of America and Google, already being tested, with this kind of payment systems.

But the telecom companies do not want to stay in the queue. In the U.S., T-Mobile, Verizon and T AT& have signed an agreement with Barclays and Discover, to develop a payment system called Isis, which can store different cards and choose the account you want to perform the job, at the moment of the transaction.

For its part, Apple has stated that this system include its iPad and iPhone5, which was launched this year. Some sources claim that led multinational Steve Jobs, may be coming up this terminal mass partitioning in businesses located in the United States to promote the use of this service among customers.

Visa Europe has taken the lead to Apple, as developed through an agreement with wirelless Dynamics, an application of mobile payment, contact less, for European users of iPhone.

Smart phone users will have to bind the accessory antenna iCorte and a security chip, then download the special application to enjoy all its advantages.

In our country, Visa Europe, La Caixa, Telefonica and Samsung are promoters of this new system. After the end of Paybox and cancellation of Mobipay (shared by Santander, the mobile phone companies and BBVA), twelve months ago. These companies have interfered with the progress of this application.

In February 2010, was put into operation, a pilot in the town of Sitges, which were provided to 1,500 people moving to the NFC system, with which it could pay up to five hundred establishments included in the project. The conclusion, the use of 60% in procurement under 20 euros and a user evaluation of eight out of ten.

Thus, almost 90 million users may use mobile phones to pay bills, make transfers to third, increasing up time and make purchases at retail outlets.

So far I have not stopped paying for the same calls and because if I stop paying one month next to me will make it harder to pay for them and what I’ve been more down is because when I stuck the I have requested personal loan payments payroll that what has happened is that I’m undies more, believe me sometimes I feel terrible but I have faith and some day this must end.

My question is:
1. How long do I have to stop paying to reach a negotiation?
2. Because banks do not want to negotiate with you when you to them if you are a client met even the minimum payment?
3. Upon reaching a negotiation not you are affected in your credit bureau?
4. Anyone know if taking a loan from you CEHC informative your credit bureau?

All these I have continued to pay as I can because I want to get a mortgage but informative, but every time I see farther because I have fear that the credit re chance me if at some point I stop paying to come together and negotiate with banks .

Please help me to have a solution now and I think that corpse and my head and I’m already cycled answers.

In Mexico there is already a company that offers that service. It’s called “Solve Your Debt” and in only four months of operation over a thousand people have come to them.

They focus on people who owe more than 35 thousand dollars in two or more cards, which carry at least one month behind in payments because they can not do and have a willingness to keep an amount each month.

This creates a trust company in trust on behalf of the debtor. After a few months, you can negotiate a discount of about 50% of total debt, including interest. The funding was provided by the client in the trust saving half the money that it would spend to make their minimum payments.

In return, they charge a commission of 20% of the discount, so the customer would end up paying 70% of its debt.

For example, for a debt of 10,000 pesos, if there was a 50% discount, “Solve Your Debt” takes a thousand pesos, so that overall the customer would end up paying 6,000 pesos.

The process from that you get with this company and pay your debt can take on average 22 months, during which, offer legal advice to deal with harassing calls, threats of debt collectors, and other events.

But beware, this does not does it mean that you will draw from the credit bureau. After the negotiation of your debt, your history will be marked with the calve 97, which means that you will not be eligible for credit in the next six years.

How reliable do you think this option? Do you think is really a good alternative for those who can no longer afford but want to?, What other options you know to settle a debt?

Marie Jarva, Stockholm bank employee, has undergone two rounds.

“The first was early in the morning. Two men entered breaking the glass door with an ax. “

“What they wanted was the case with the money to the ATMs. I was so scared I hid in a back room behind a closet, “he recalls.

“I was sure I would kill shots. I was scared to death. “

Two years later, it happened again. This time, a gunman entered through the window against which a car had crashed.

The union to which it belongs Jarva is now at the forefront of those who want to delete the extra cash Sweden, concerned about the safety of the 30,000 members of the bank employee’s union organization.

“If we can reduce the money that banks manage and society in general also reduces theft,” said Marie Look, the union of bank employees.

“If in the long run leave the circulation in its entirety, no more theft, because no point in robbing a bank has not carried any weight.”

Campaign

The campaign for the abolition of money among their ranks with some notorious supporters, including former member of Abba, Bjorn Ulvaeus.

“There are clear practical reasons, as far as I can see, to continue using notes and coins,” he wrote in his blog.

“What we have are obvious advantages in getting rid of them. Sweden could be the first country to take this measure. “

He said it was “patronizing” to think that older people would struggle to pay for goods and services through the Internet or with a card.

“There will, of course, those who need help, but the inconvenience would be worth it if this avoids the risk of being robbed.”

Examples

Stockholm buses operate without money. The bands of electronic tickets can be purchased in advance or you can pay via mobile phones.

After a series of assaults on bus drivers, the health and safety authorities intervened in the matter and demanded to transport companies to find a way of saving.

The result was that the buses stopped accepting coins and bills.

“It seems that there are far fewer problems on the buses. The drivers are happy with the situation, “said Bernt Nilsson, Council for the Swedish Work Environment.

And the official position?

The Swedish Central Bank has no position in this debate.

However, in a speech he made earlier this year, the bank’s deputy director, Lars Nyberg, said the higher cost to society of cash transactions, compared with those made by credit card or debit card.

Citing a 2002 study, said the cost of using cash was increasing rather than decreasing

“For example, the cost of secure transportation and cash machines has risen substantially,” said Nyberg.

Opposition

there is no doubt that technology exists to make it operate a cashless society with all its advantages.

However, there are people opposed to it. Professor of Economics at London Business School Andrew Scott said that, although money is an uncomfortable lump in his pockets, without the problem of finding function ATMs, cash survives, in part, by to maintain our privacy.

“His biggest advantage, in an electronic age, is that money is anonymous and does not tell us anything about where you’ve been somebody,” he says.

Par Strom, Foundation of the New Welfare, Stockholm, says the trend towards a cashless society of Sweden is of concern for precisely this reason.

“If you cannot pay with money, it is also impossible not to leave electronic traces. When assembled electronic traces of what one is buying, they can tell our story. This is highly sensitive information, “says Strom.

“Many people do not want this kind of society ultravigilada.”

Bert Nilsson believes that Sweden will require many years to get rid of cash.

So Stockholm buckers will entertain the same way to pedestrians with his accordion music or flutes of Pan

Very few few consumers who seek credit counseling without debt. Of course, it would be the wisest thing to do. To understand the finances and how the expenditure budget and saving more would be fantastic. But the average person seeking help only when a situation is about to financial problems or if you are in trouble. At that time, the hope is to get out of debt quickly. If things are learned along the way, then all the better.

Credit counseling works to get the person out of debt, but there are also credit counseling debt. To get out of debt, which means working with existing debt. No pressure of the fingers to make it go away. With adequate programs of debt relief, debt a consumer is assessed and an appropriate form of payment is put in place. If the consumer opts for debt consolidation, debt management or debt payments, there is still debt. debt credit counseling is the final result. Regardless of choice, and how debt is packaged, it remains to be treated and paid off.

The various forms of debt credit counseling depends on the chosen program. In the case of loan consolidation, there are usually obtained a loan, secured by the property. This type of debt makes a point of default risk as the possibility of losing the warranty. In the case of debt settlement or debt management, there is still a monthly payment to make, even if the total amount of principle has been reduced. The percentage of debt credit counseling will depend entirely on the program and how they have been created for the consumer. The most successful taking into account all aspects of a person’s financial situation. Things like source of income, spending habits before, and all assets get into account what a consumer can handle in the way of debt credit counseling. It also depends whether a person is young and with the hope of buying a house or are near retirement and can afford some fall in credit ratings. During the process of debt credit counseling, credit reports may be affected in any shape, and is another very important consideration.

While debt credit counseling is to be expected, there are ways more sensitive than others to do so. For example, there is no reason to provide guarantees on a long-term loan to pay creditors. The initial feeling that can be great, but the amount of money spent in the long term to meet the debts can be life altering.

The transfer of a debt interest credit card with a lower rate can save you money. If you have a credit card with a low interest rate, consider transferring the balance on a credit card with high rates at a slower pace. Or, you may request a new credit card with lower interest rates. Also beware of introductory rates, the so-called teaser rates. Make sure you know what rate they will actually be after the first few months. If it is too high, this option may not be the best option.

Teaser More on Interest Rates

Read the fine print on teaser rates credit card. Teaser rates are often used to attract a balance transfer. Be sure to consider the following before completing the application form:

* Introductory rates are usually a short period of time. While some may take up to a year is not uncommon for the low introductory rate expires after three or six months. After the introductory period is over, sometimes to raise rates at a phenomenal pace.
* The credit limit is not high enough. Companies offering balance transfers cannot give enough credit to transfer all your debts. You pay a portion of its debt with higher interest rates and the initial low introductory rate.
* There is a balance transfer fee. Be sure to ask if there is a balance transfer fee and how much.

Debt Consolidation Loan

You can use a debt consolidation loan to apply to most financial institutions, including banks, credit and finance. There are two types of loans:

* No guarantee – No collateral required
* Insurance – guarantee is required

the unsecured loans are generally referred to as personal or signature loans. Examples include a loan secured by an equity loan or second mortgage because your home is used as collateral. For more information on home loans, search the Knowledge Center credit items.
Is a debt consolidation loan for you?

By consolidating your existing debts and pay a debt consolidation loan, you can trade several debts in one debt. Despite having the same amount of debt can be beneficial if you can do this:

* Meet a loan with an interest rate below the rate (s) that you pay on your existing debts. This can save you money during the term of the loan depends on the duration and amount of monthly payment. Do not forget your homework when considering the interest rate and monthly payments. A small difference can greatly affect you.
* Close credit accounts. Pay for several credit cards with a debt consolidation loan can be a good idea, but care racks debt accumulated more open accounts. Think about keeping an open mind for an emergency and the closure of others. Not only will it ensure that no items are tempted to price even more, you are advised to look to future lenders review your credit report.

Beware of Finance Companies

if you have trouble getting a loan from a bank or credit union because it has much debt or a negative credit history, it may be able to get a loan from a finance company. Be careful if you decide to finance companies to use. While finance companies generally make it easier for you to get a loan, there are things you should know, including:

* the rate of high frequency. Higher interest rates usually mean a higher amount for the loan.
* Duration may be long. The longer duration of the loan resulting in lower monthly payments, but it makes you pay more interest.
* Other charges may be present. It is not uncommon for finance companies to the application or processing fees.
* See no future creditors welcome your credit profile. Even if your credit is good, potential creditors see it as a bad risk if they see a financial company in accordance with their creditors on the list. Like most people use to finance companies do not meet the requirements for a loan from a bank or credit union, creditors may think you have financial difficulties in the past.

1. Set spending.

If you ask, where is the money used to pay credit card debt? So the answer is from your own salary. At this stage I will explain the strategies that you can do to empower your salary to pay credit card debt.

In the case above, you explain that your income is the salary of Rp. 3.500.000, – and a bonus of Rp. 500 000, -. So total revenue was Rp. 4.000.000, -. Well, the funds used to pay debt usually is 30% of total revenues. In case you are USD. 1.2 million, -.

To set aside funds for this, you need to create a tight budget. Divide your spending items into several categories. Categories commonly used is the savings, food, taxes, transportation, clothing, housing, entertainment, health, education, household / daily necessities, credit card payments, and other expenditures. For this case, you’ve set the cost of housing (boarding) USD. 950 000, -, and credit card payment of Rp. 1.2 million, -.

Give ration expenditures for other expense items. Remember that the total expenditure should not exceed the total income, meaning no more than Rp. 4.000.000, -.

You make is your budget revenues and expenditures. This budget is just a plan. And this plan should you run in discipline in question. Maybe you’ll feel a few things less comfortable, like you have to reduce trips to the mall so that the budget remains on-budget entertainment, etc., but you must remain disciplined. Think back to your goal: to be free from credit card debt. And still it must be remembered, do not add to your debt on a credit card.

2. Strategies pay off credit cards.

After you run the first step above, you will get a fund of Rp. 1.2 million, – per month to pay off credit cards. Now the next question, how the strategy to pay off all credit card debt is the fastest and disadvantages of paying a minimum interest credit card?

I’ll explain how. Gather all your credit card data, the total debt on credit cards and interest rates. We suppose in this case there are two credit cards which different interest values:

• A credit card with a debt of Rp. 8.000.000, – and interest is 3.75%.
• Credit card debt B with USD. 5.000.000, -, and 4% interest.

The first, choose a credit card with the highest interest. From the example above is the credit card B. Now, funds to pay credit card debt is concentrated into. All credit cards other than credit card B, paid only the minimum number. Suppose A minimum credit card payment is USD. 50.000, -, then the use of funds to pay credit card debt is:

• A credit card is paid Rp. 50 000, – per month.
• Credit Card B is paid Rp. 1.15 million, – per month.

If you run it with the current plan, then in less than five or six months of your debt on credit card B will be repaid. Furthermore, you can use all the funds for credit card payment credit card A. After approximately 10 months, then credit card debt of A will be repaid.