Escaping Late Fee charges on your Credit Card

Written by Alan Trent


It's a little known fact that late fees account for an IMMENSE proportion of credit card companies' profits, as much as 30% inrepparttar case of some lenders! You may never have encountered a 'late fee' before, but if you use a credit card, you probably will! Forget to pay offrepparttar 111975 bill one month, or misplace a bill, andrepparttar 111976 next month you will see a new entry on your statement -repparttar 111977 dreaded 'Late Fee'. Credit cars companies make money in a number of ways, such as charging you interest on your balance, imposing fees on merchants, and so on. As competition inrepparttar 111978 credit card market has hotted up recently, card companies have started to shave down these 'reputable' costs charged to their 'good' customers, and to raiserepparttar 111979 charges againstrepparttar 111980 'bad' customers. The idea, of course is to keep their customer base up, by makingrepparttar 111981 'good' ones feel wanted, while hittingrepparttar 111982 'bad' customers every which way they can.

What this means is that if you pay late, you are effectively subsidising those who either pay off their bills in full each month, or run away from their debts by filing for bankruptcy. Late fees vary from lender to lender, but typically start at around theten dollar mark, and go up over forty dollars. Interestingly, these fees are arbitrary, meaningrepparttar 111983 credit card corporations can charge whatever they think they can get away with, and have doubled on average inrepparttar 111984 last 5 years. Andrepparttar 111985 revenue from this source soon ads up! Imagine half a million borrowers catching a median 17 dollar late fee! Thats... $8.5 million!!! No wonderrepparttar 111986 lenders like it so much!

Tips to Save on Car Insurance

Written by Jordan Walt


NEWS RELEASE Contact: Jordan Walt, (503) 653-8287 A.I.C. Insurance Agency Offers Tips to Help You Save on Auto Insurance Milwaukie, OR 2/18/2005 – Purchasingrepparttar auto insurance that is right for you can be confusing, especially for first-time buyers. By learningrepparttar 111974 basics on how to getrepparttar 111975 most for your money, you can save on your auto insurance and feel confident you have adequate coverage. A.I.C. Insurance Agency and Travelers, a leading provider of auto and homeowners insurance, offer these tips to lead you inrepparttar 111976 right direction when you purchase your car insurance. • Be a safe driver. Drivers with good driving records can save as much as 60 percent over drivers who cause accidents. • Enroll in a driving class. Drivers who complete a state-approved defensive driving course, or drivers underrepparttar 111977 age of 21 who take a driver training course, could qualify for savings. • Buy a car that includes safety features such as anti-lock brakes, alarms or other security features, airbags, and automatic seat belts. • Choose a higher deductible (what you pay before your insurance policy kicks in), which can mean paying less for your policy. • Eliminate unnecessary coverages. If you drive an older car with little cash value, consider eliminating “collision” or “comprehensive” coverage, which pays for damage to or theft of your car.

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