Credit and Debit Cards: Choosing Dilemma

As soon as you decide to get the card you face some questions what card finally to select? They arise because between both types we have more differences rather than commonness.

In fact on the surface cards are very similar. Cards are made of plastic, have some magnet or chip protection, shining bank logos and share the very size.

And probably that is all about their commonness. The first essential distinction lies in the logic of payments. The core sense of credit payment means, that in order to cover spending, money is “taken” from the future. Thus your credit is extended every time when you make “a purchase”. And all your debt events are listed so you need to make periodical payments for account prolongation. Paying system of debit type is merely another. Your bank will just transfer money from your account wherever you wish.
The fraud protection is really significant matter. Credit cardholder can receive return with no more than 50$ of any stolen sum and only if he or she doesnt forget to report the fact quickly. The best cardholders may be given a possibility to decrease the rate on this sum. Bad cardholders may receive no more than 50$.
As for debit cards you can also receive 50$ of fraud protection especially if you report the event during first 2 days. Moreover, you can be responsible for even some hundreds of dollars.

As for payments duration give you a chance to postpone payments, moving them closer to the end of paying period. But keep in mind that one hand gives while the second takes away so the bank may suppress you with new higher interest rate. Оn the contrary, debit cards are the control tools of “real” money which is located at your account. This means that making payments has nothing common with extending debt. You just spend it and without any credit urgency.
Take into consideration one important similarity of all credit cards: due to Fair Credit Billing Act all the credit cardholders especially the U.S. citizens – have the right to restrain payments in case of poor quality of sold goods. This is called the “buffer zone” it exists between your account and merchants hands. So you can even get the recourse. As for debit card purchases money leaves your account immediately.
So, which card should be chosen is the matter of serious thinking and in this article I tried to help you. What you certainly have to conceive is the fact that any card being managed dowdily may bring you difficulties with fraud. And this is the pure truth; any kind of cards can one day show their hidden limitations.
In this case I guess that better variant for you is to apply for a debit card in order to easily buy. Else if you prefer the idea of delayed payment then you need the credit one. Just listen to yourself.

Why try to finance a car when you will not

Why try to finance a car when you will not even pay your child support

I’ve sold cars for Dodge, Ford and GMC and all the places that I have been I’ve ran into some of the same problems. This one is the worst. Why do people try to finance a car if they do not pay their child support? Do people out there really think that a bank is willing to loan you money if you will not even pay for your children? Or is it that you think that nobody will find out? Whatever it is, I made this article for all of the customers that have made me waist my time making a car deal just find out that they were behind on there child support. This is for you, stop shopping!

When you are is the car business they teach you to ask qualifying questions. That’s how you figure out whom you have in front of you, without being intrusive. Simple questions in conversation like, which lender is your current car financed through. If it is GMAC chances are that you have decent credit, or you did a few years back. How did you like them? If they say they are great, they made their payments on time. If they say I hate them they won’t stop calling me, then you probably have a problem. With that said I usually could feel a person out pretty well before we even sit down at the desk. I never found a way, without being rude to ask. Are you a deadbeat dad?

I never knew how to address that question. Most times you dont even think of it because you will see it only about once a week. Usually a person knows that their behind and they want to try to get approved over the phone, and you can tell them at home to stop shopping. That is understandable but it is those people that say, “I have good credit I don’t owe anybody.” Until you pull their credit and find out they should say, “I don’t pay anybody.” Then they have the nerve to get mad at you when you can’t sell them a car. It’s not the salesman’s fault you can’t finance a school lunch. They puff their chest out and poke their finger on the desk and say, ” if yall don’t wanna do it I’ll take my business down the road.” Or they say, “This is the fourth dealership that I have been in today and everybody keeps telling me the same thing.” Salesmen dont get paid by the hour, why wouldn’t I want you to leave in a new vehicle? That would be like calling a plumber out to fix a leak and him coming out just to say I don’t fix leaks. It is not realistic to think a salesman wants to pass on a sale, or a bank will loan you money if you will not even pay for your own children.

If your not sure what is on your credit report look. It is free and can save you a lot of time and maybe embarrassment. If bill collectors are calling you or your not paying for your children you’re probably not going to get approved. Most places wont even waist their time they send a manager to kick you out. If you can’t even afford to pay for your children it’s not time to buy a new car.

Investors and Austin Real Estate

As the Austin real estate market has strengthened we have been inundated with investors. A good number of them have been buying new homes in master planned communities or other developing neighborhoods. This has had many residents in these areas pretty angry. They don’t like to see “for lease” signs all over the place.

Most builders, at least the ones I have spoken with, will no longer sell to anyone who will not use the home as the primary residence. Some will sell a very limited number of homes to investors when they open a new part of a development. However, the builders reps I have talked with already have a list of hungry agents who represent agents lined up. So any investor without an agent on one of these prized lists is probably out of luck.

Why have the investors become such a big part of the Austin market? Take a look at where real estate prices have run up with huge rates of appreciation over the last few years. Then look at what is happening in some of those markets right now. Then look at Austin real estate market stats at the end of this article.

From Jay Thompson about the Phoenix real estate market:

A year ago, the Phoenix market was just insane. Last years AVERAGE appreciation was 47 – 56% (depending on whose numbers you use). Some homes more than doubled in value over the last 12 months.

Houses were selling in hours, literally, with multiple offers significantly over list price.

Builders were holding lotteries for lots. No investors could buy new homes, and many builders cut buyer agent co-brokes to 0%. Builders would pre-announce a new subdivision and hundreds of people would show up once a month to see if their name was one of a dozen drawn from a hat. If it was, they had to put some ungodly amount of non-refundable earnest money down and then wait 12 months for their home to be completed.

People were flipping homes before they closed escrow. For profit.

Last March, there were just over 4,000 homes in the MLS.

Move to today….

There are 41,000 homes in the MLS. Builders are offering $75,000 incentives to buyers and some are paying 10% buyer agent co-brokes (on spec homes). DOM is now measured in weeks instead of hours. Countless homes advertise price reductions.

The median home value is flat to slightly depressed. And that’s freaking people out. But we had MONTHS with 10% appreciation. No market can possibly sustain that kind of appreciation rate.

Many people say we are in a “buyers market”. I contend we are in a neutral market. The problem is people compare today’s market to the ridiculous seller’s market we had. Yes, it’s been a huge shift. But it still has a way to go until we’re in a strong buyer’s market, IMHO.

From Jim Sparrow about Calgary, Canada real estate:

Calgary’s market is hot …. we’re the new Saudi Arabia of North America, and people are arriving in droves.

I’ll only quote you SF House figures … condo numbers are very similar:

2006 (June): Up 51% from same period in 2005
2005 (June): Up 9.6% from same period in 2004
2004 (June): Up 6.2% from same period in 2003

I know that Calgary isnt a U.S. market, but it is North American and this is interesting news. I had a client from Calgary approach me about Lake Travis waterfront property two summers ago, so the stats from Jim seem applicable to me.

From Ruth Arnold in about the Broward County real estate market:

If you do the math of the ratio of listings to solds, we here in the Broward County area of Southeast Florida are also in a Neutral market (media thinks it is a buyer’s market). Sellers so far are getting the same price they would have at about April or May of last year (pre hurricane season). But, the sellers are so used to inflation in the 25-30 per cent per year rate, they want to list their homes way too high. Can not put a price on it and wait til inflation gets there, because it will not arrive. If you estimate (in normal places in America), people move every 5-8 years or so, then in any one year about 15-20 per cent of the available homes should be on the market. In a “normal” market, it takes 4-6 months to sell a house, so about 7-10 per cent should be on the market at any one time. We are there now and everyone thinks there are too many houses on the market. No, this in normal. It has been crazy and now it is normal. When we get to the point that the number of homes on the market exceeds the ten per cent (about) rate, then we will start to move into a true buyer’s market. The media is doing all it can to make sure we get there.

From Stan Mackey about real estate in areas east of Seattle:

Heres the data (1st 6 months last year to same period this year) for Eastside (which is NOT Seattle, but a few miles away), everything east of Lake WA, included Bellevue and 5 or 6 others cities:

Average sale price for 4/2.5 single family (2005) $572k to (2006) $697k
Median 2005 $460k to 2006 $572k
DOM 56 to 55
Total units sold for 1st half each year (2005) 4,968 (2006) 3,771

It looks like we still have demand, lower supply with 20% appreciation, give or take. You maths guys can provide the exact % #s.

Appreciation rates in the Austin MLS area from the Austin Board of REALTORS:

2006 through the end of May was +12%
2005 was +6%
2004 was -1%
2003 was 0%
2002 was -1%

Does this help explain why investors have been coming here? The other thing is our median price, which was at $174,000 at the end of May, 2006. The average price was higher at $236,406. The median price is still well below the national average. The average price is better than areas like Southern California, Seattle and Phoenix.

So looking at what were hot markets until recently, it looks like Phoenix and South Golf Coast Florida have cooled. Calgary is on fire and areas east of Seattle are doing well. Southern California, from what I understand, has been cooling. So a big reason investors have been flocking to Austin is because other markets they had been investing have peaked. Another is the steady growth in the Austin area. Were adding jobs, people are buying second homes and people are retiring here. Real more about .

Keep watching the Austin real estate market. Investors who cant get into new homes in subdivisions now are pretty bummed. I think investors who got in a year ago will be very pleased.

Reap More, Save More With The Best UK Credit Card

Reap More, Save More With The Best UK Credit Card

In the United Kingdom, the credit card phenomenon is not at all different from what the United States or any other country has for that matter. This just goes to show that a lot of people are finding credit cards as feasible means as well.

However, most people in UK would rather obtain the best credit card there is than to suffer at a later stage. And so, getting the best UK credit card is very significant for most English people. In most instances, the best credit cards would usually mean low interest rates, offers rewards, and excellent introductory rates.

But then, it is really important for every UK consumer to shop around for the best credit card deal.

And so, here are some of the best UK credit cards:

1. Virgin credit cards

The very best feature of Virgin credit card is that it allows their consumers to prefer which features they would want to have on their credit cards. That means they could have the chance of getting a 0% balance transfer rate for 9 months, a fixed annual percentage rate of 15.9%, plus more rewards every time the credit card holder uses the card.

Whats more, people get to choose their very own creative Virgin card motif making it way above the rest.

Virgin credit card also offers great flexibility.

2. The Marbles credit card

This UK credit card is considered nowadays as the card with the best value and has a high orientation on customer service. They have a 24 hour customer service hotline. Plus, they also provide a regular monthly statement through online announcements.

It also has 0% stable balance transfer rate for 6 months from the start the account has been opened.

3. Morgan Stanley Credit Card

This is considered as one of the best UK credit cards because it has 0% introductory rates for balance transfers good for 6 months. It also offers a fixed rate of 14.9%, and their 1% cashback is considered as one of the highest available in the UK market today.

4. The egg credit card

In UK, egg credit card is considered as one of the best credit card in the industry today. It also offers 0% introductory offer not only for balance transfers but also for ordinary purchases, and that is available all through out the 6-month period. Their annual percentage rate is also set to a standard rate of 14.9%.

With all these 0% introductory rates, low APRs, and everything, these credit cards are definitely the best UK credit cards in the market today. Hence, for most UK consumers, shopping had never been this better.