So you've decided to start accepting credit cards. Congratulations! Accepting credit cards is a great way to increase your sales and to get payments much more quickly than you would have if you were sending invoices to clients.
But your work doesn't end with the decision to accept credit cards--here's what you need to know about how cred... Read more
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Here are some great tips for responsible credit card use. Repay you credit card bills on time. This is simple common knowledge but is often overlooked by many credit card users. Document your payment schedule and follow it to the letter. This will not only help you build a solid history of good credit it will save you the stress of worrying about getting your credit card bill paid. If you have several credit cards look into transferring the balances to one or two that have the lowest interest rates and then get rid of the other credit cards. By limiting the number of credit cards that you own you will not have to worry about juggling a repayment schedule that you can’t afford to keep up with. Once you have the balances on your remaining credit card under control then try to limit your purchases to things that you really need. Refrain from taking out cash advances on your credit card if at all possible. Credit cards most always charge huge interest rates on cash advances so if this is a common practice for you it will certainly drive you further into debt and if you already have bad credit it will only make things worse. If you do need to take out a cash advance on your credit card make sure you will be able to repay it as soon as possible. Developing responsible spending habits with your credit cards when you have bad credit will help you regain good credit standing and will help you from going further into debt.
One of the most popular ways for people to pay you when you own a small business is with a check. It's certainly worth your while to accept checks, since they have lower fees than credit cards and can't be charged back.
But ... Many small business owners are hesitant to accept credit cards because they are afraid all of the fees and equipment costs, but fees are not the only thing to consider when you are looking for a payment processor.
First, thi... When posed with the question on which credit card rewards you should pick, there really is no standard answer. Reward credit cards offer different options that may work differently depending on the lifestyle of the card holder. ... When I first began applying for credit after my bankruptcy I noticed a trend.
Lenders would ask me the same series of questions over and over again. They all seemed to care about a few key things. Of course, now I realize the... So, you want to know the truth about credit cards? Do you want to separate the fact and the fiction of applying and receiving a credit card? Well, here are a few of the top questions asked when it comes to trying to get a credit... Credit card fraud is a rising problem in the world today. Did you know that people will actually call and scam you by saying you “won” a trip and all you need to do is give them a credit card number to reserve your spot or that...
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