Clearly, in the marketplace credit cards are alluring for saving and not just for using a particular card; there is generally a point when all your everyday purchases and bills go to pay them off. This scenario is often just the first sign that something is wrong with the financial status of your credit card.
Saying ‘You’re broke and broke, you need to go make this debt repayment and give your creditors a chance. Just watch your step. This will be very hard for them if they don’t follow through and say ‘That’s the best and only way to pay off your credit card bill or go deep into bankruptcy.’
So just stop giving them all the information they need. And never allow yourself to become a pawn in the machine – unless you want to be buried in a mound of debt.
You may not like it or you may be convinced but you don’t have to abide by their will; it happened to you, you owe it to yourself.
The best way to do this is to get rid of all credit cards used in your account. Find a solution that allows all the elements to mix to create balance transfer offers. Make sure that the offer does not give you the security and protection you’re paying for.
Put everything (debt, interest, fees, penalties) into one, smaller package. Make sure that you make the minimum payment every month, if at all. Then keep the interest over an 18 month period in check, save any way you see fit. Take the time and effort to learn how this works then start to make your life a lot easier by paying off your credit card debt and getting a job that allows you to pay more per month. Then pay off your other credit card bills from there, now you are in the habit of paying off credit cards when the bill comes.
Don’t worry about the next time there is a corporate meeting about your responsibility to pay all of your credit card bills and about how little you owe, now you decide how your life feels like.
Credit Card Allocation
Quite simply, credit cards are used to store personal and financial information within their users’ credit record keeping systems. It is claimed that credit card companies use this information to obtain goods and services, then later sell them at lower cost. There have also been reports about a computer fraud which appears to be the work of the security firm Voorish Glassster.
It was only last year that the major UK credit card providers came under pressure from MPs, civil liberties groups and the Office of the Director-General over the growing use of credit cards. They called for an investigation and claimed that using these cards was creating a widespread widespread crime. Home Secretary John Swinney has now told the banks that he wants an investigation into the issue.
In response, the bank said that it had launched an independent investigation on the claims. It has now been joined by the privacy charity Ofcom who have now issued a joint statement denying all the claims made by the security company.
The Home Secretary made the claims during Question Time on the introduction of the oversight of users of credit cards.
‘The security service, using the security code for security purposes, extracted the personal information of the card holders, for example because of a security error in their information systems. The mistakes were fixed within and never occurred to them.’
There has also been a large increase in complaints about identity theft and card fraud. It is understood that the security services have also discovered that some of the cards had been filled with fraudulent details, offering criminals access to consumers information and other cards.
Called ‘File Frisk, we carried out a major breach of credit card database in the UK. We have taken action and are taking action immediately to stop the fraudulent entries being removed and the names of those that we found being changed.
‘We have seized record numbers of people from credit cards in over 50 countries over a period of three years and we have made significant progress in controlling the counterfeiting of personal and financial documents.
‘We urge all people to take a responsibility and take action now against all the card fraud that has taken place. As a society, we have to live within our means, not follow a huge spending pattern.
‘All it takes is a little bit of hard work and we can stop the misuse of these high priced items.’
The Home Secretary also declared that the Bank of England would act as a ‘credit risk monitor’ and that it would ‘take all the measures possible’.