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Unsolicited credit card offers are pouring into American
mailboxes daily, offering no annual fee, low annual percentage
rates and pre-approved credit limits. How do you sort them all
out We suggest you evaluate these offers carefully. equity income funds
If you have sufficient credit and a good credit history, you
may not need to consider the unsolicited offers that come your
way. If this is the case, request that your name be removed
from the solicitor s mailing list. capital casebook equity
Find out who sent the offer. If you see a name such as
Processing Center or Credit Card
Administration, keep looking. The company name may also
appear on the reply envelope, on the letterhead of the
principal offer, or in the fine print setting forth the terms
and conditions of the offer. Although you may see references to
VISA or MasterCard, do not assume that the letter is from a
bank issuing those cards. The offer could be from an
independent marketer, attempting to charge you simply for
mailing you a credit card application. private investment in public
Is the offer for a bankcard or merchant card Not all credit
card offers are for bankcards. Department stores, mail order
catalog, and oil companies, among others, offer credit cards
good only with the issuing merchant. equity mutual funds
Does the offer say you are pre-approved If no specific
dollar amount or range is mentioned, to be pre-approved may
mean very little. Pre-approved does not mean that the issuer
knows that you can comfortably handle the extra credit. It may
only mean that the issuer wishes you to provide more
information before it commits itself to you for any specific
amount. Before applying, ask the issuer to be specific about
the amount of credit being offered. birmingham contact equity
Pre-approved or not, you will have to fill out a credit
application. Be sure the information is accurate. If you
default on your payments, your application may be reviewed to
see if you lied, indicating intent to deceive. private equity investment firm
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To help avoid finance charges, follow the issuer
mailing instructions. Payments sent to the wrong address could
delay crediting your account for up to five days. If you
misplace your payment envelope, look for the payment address on
your billing statement or call the issuer. equity loan on investment
Refunds of Credit Balances . When you make a return or pay
more than the total balance at present, you can keep the credit
on your account or write your issuer for a refund if it
more than a dollar. A refund must be issued within seven
business days of receiving your request. If a credit stays on
your account for more than six months, the issuer must make a
good faith effort to send you a refund. equity income mutual funds
Errors on Your Bill. Issuers must follow rules for promptly
correcting billing errors. You l get a statement
outlining these rules when you open an account and at least
once a year. In fact, many issuers include a summary of these
rights on your bills. private equity group
If you find a mistake on your bill, you can dispute the
charge and withhold payment on that amount while the charge is
being investigated. The error might be a charge for the wrong
amount, for something you didn accept, or for an item that
wasn delivered as agreed. Of course, you still have to pay
any part of the bill that not in dispute, including
finance and other charges. private investment public
If you decide to dispute a charge: Write to the creditor at
the address indicated on your statement for billing
inquiries. Include your name, address, account number,
and a description of the error. Send your letter soon. It must
reach the creditor within 60 days after the first bill
containing the error was mailed to you. The creditor must
acknowledge your complaint in writing within 30 days of
receipt, unless the problem has been resolved. At the latest,
the dispute must be resolved within two billing cycles, but not
more than 90 days. real estate private equity
Unauthorized Charges. If your card is used without your
permission, you can be held responsible for up to $50 per card.
If you report the loss before the card is used, you can be
held responsible for any unauthorized charges. If a thief uses
your card before you report it missing, the most you l
owe for unauthorized charges is $50. To minimize your
liability, report the loss as soon as possible. Some issuers
have 24-hour toll-free telephone numbers to accept emergency
information. It a good idea to follow-up with a letter to
the issuer include your account number, the date you noticed
your card missing, and the date you reported the loss. contact equity private us
Disputes about Merchandise or Services. You can dispute
charges for unsatisfactory goods or services. To do so, you
must: have made the purchase in your home state or within 100
miles of your current billing address. The charge must be for
more than $50. (These limitations don apply if the seller
also is the card issuer or if a special business relationship
exists between the seller and the card issuer.) and, real estate equity investment
first make a good faith effort to resolve the dispute with
the seller. No special procedures are required to do so. If
these conditions don apply, you may want to consider
filing an action in small claims court. Shopping Tips Keep
these tips in mind when looking for a credit or charge card.
Shop around for the plan that best fits your needs. Make sure
you understand a plan terms before you accept the
card. structuring venture capital
Pay bills promptly to keep finance and other charges to a
minimum. Hold on to receipts to reconcile charges when your
bill arrives. Protect your cards and account numbers to prevent
unauthorized use. Draw a line through blank spaces on charge
slips so the amount can be changed. Tear up carbons. Keep
a record in a safe place separate from your cards of your
account numbers, expiration dates and the phone numbers of each
issuer to report a loss quickly. equity private quebec team
Carry only the cards you think you l use. The
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During Retirement Years Credit is an important money
management tool for both young and older consumers. Yet the
elderly, particularly older women, may find it difficult to get
credit. investment home equtiy loan
If you re an older consumer who has paid with cash all
your life, you may find it difficult to open a credit account.
That s because you have no credit history of
how you paid on credit. If your income has decreased, you may
find it harder to get a loan because you have
insufficient income. Or, if your spouse dies, you
may find creditors trying to close joint accounts. A
joint account is one for which both spouses applied
and signed the credit agreement. private equity jobs
Under the federal Equal Credit Opportunity Act (ECOA),
it s against the law for a creditor to deny you credit or
terminate existing credit simply because of your age. This
brochure explains your rights and offers tips for applying for
and maintaining credit. equity investment strategy
Applying for Credit Applying for credit used to mean asking
your neighborhood banker for a loan. Now, with national credit
cards and computerized applications, the day of personal
evaluations may be over. Instead, computer evaluations look at,
among other things, your income, payment history, credit card
accounts, and any outstanding balances. Paying in cash and in
full may be sound financial advice, but they won t give you
a payment history that helps you get credit. education equity investment
A major indicator of your ability to repay a loan is your
current income. Those who consider income must include types of
income that are likely to be received by older consumers. This
includes salaries from part-time employment, Social Security,
pensions, and other retirement benefits. private equity company
You also may want to tell creditors about assets or other
sources of income, such as your home, additional real estate,
savings and checking accounts, money market funds, certificates
of deposit, and stocks and bonds. equity guide in investment
If you re age 62 or over, you have certain other
protections. You can t be denied credit because
credit-related insurance is not available based on your age.
Credit insurance pays off the creditor if you should die or
become disabled. contact equity private quebec
On the other hand, a creditor can consider your age to:
favor applicants who are age 62 or older. determine other
elements of creditworthiness. For example, a creditor could
consider whether you re close to retirement age and a lower
income. While a creditor cannot take your age directly into
account, a creditor may consider age as it relates to certain
elements of creditworthiness. If, for example, at the age of
70, you apply for a 30-year mortgage, a lender might be
concerned that you may not live to repay the loan. However, if
you apply for a shorter loan term, increase your down payment,
or do both, you might satisfy the creditor s concerns. home equity investment
Checking Your Credit History A creditor will often check
your credit history with a credit bureau. If you want to know
what s in your credit file, contact the credit bureaus
listed in the Yellow Pages under credit or
credit rating and reporting. Because more than one
bureau may have a file on you, call each until you locate all
the agencies maintaining your file. The three major national
credit bureaus are: dimension equity in private
Equifax, P.O. Box 740241, Atlanta, GA 30374-0241; (800)
685-1111 Experian (formerly TRW), P.O. Box 949, Allen, TX
75013; (888) EXPERIAN (397-3742). Trans Union, P.O. Box 390,
Springfield, PA 19064-0390; (800) 916-8800. There s no
charge for your report if a company takes adverse action
against you based on your credit report such as denying your
application for credit, insurance, employment, or rental
housing and your request your report within 60 days of
receiving the notice of the action. The notice will give you
the name, address, and phone number of the credit bureau that
supplied the information. In addition, you re entitled to
one free report a year if you can prove that (1) you re
unemployed and plan to look for a job within 60 days, (2)
you re on welfare, or (3) your report is inaccurate because
of fraud. Otherwise, a credit bureau may charge you up to $8
for a copy of your report. credit equity home investment
You may find that your file doesn t list all of your
credit accounts. That s because not all creditors report to
credit bureaus. You may ask that additional accounts be
reported to your file. Some bureaus may charge for this
service. private equity investor
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