Credit Rating Agencies Section
Credit Rating Agencies Article
Do I Need That Credit Card
Nowadays almost everyone has one, almost everyone has used one and many more are looking to change theirs. What are they? The answer would be a credit card.
You might ask yourself do I really need a credit card?
Credit cards have many advantages, the first one being that they give you the luxury of buy now, pay later. Avid shoppers can even get a number of incentives due to redeemable reward points, free air miles, cash back on purchases and more, all through a reward credit card.
Online
The internet has changed the way retailers sell, add to it the luxury of credit card use and what you get is the complete convenience of shopping directly from the comfort of home. The credit card company should cover you and you will not be held liable for fraudulent use of your credit card online. You should check the terms and conditions of your credit card agreement for these details.
Abroad
Moreover, you can make purchases using your credit card when you go abroad without having to care about the hassles of currency exchange because that is for your credit card to think about. Plus many credit cards offer payment protection. A major drawback of this would be that it will cost you extra every time that you use the card abroad, normally a flat rate of around 3% on the transaction cost will be added to your credit card balance.
Emergencies
Credit cards prove to be a boon when you think of emergency situations. God forbid, you meet with an accident. You do not have enough money at that moment. What will you do? Wait for an angel? Well, you do not need that. You can always rely on your credit card and pay for those expenses. Moreover, there are some credit cards that provide you insurance.
Affinity Cards
There are also credit cards through which you can forward money to your favorite charity or organization you are affiliated to and want to contribute monetarily. Thus, the more you will spend through your affinity card the more money will go to your affiliate.
People wrongly accuse credit cards of making spendthrifts out of them. However, this wonder can actually help you save a lot. Moreover, if you have bad credit history a credit builder product like unsecured credit card or bad credit- credit card can actually help you payback your debt and build back good credit rating.
Joseph Kenny is the webmaster of the UK credit card comparison site http://www.creditcards121.com/, where you can find a selection of credit card advice. For US visitors there is also the comparison site http://www.credit-cards-info.com/ for all US interest free offers.
Credit Rating Agencies News
LyondellBasell world's third-largest independent chemical company ... - Newsday
NEW YORK (AP) — LyondellBasell Industries, the world's third-largest independent chemical company, says bankruptcy protection is an option as a broadening recession cuts into demand for it products. Company spokeswoman Susan Moore said Wednesday ...
Read more...LyondellBasell responds to credit rating agencies' downgrade - RTT News
(RTTNews) - Wednesday morning, LyondellBasell Industries AF, the third largest independent chemical company in the world, has denied reports that it defaulted loans in millions payable to creditors. In response to downgrading of the credit rating by ...
Read more...Let's Write the Rating Agencies Out of Our Law - Wall Street Journal
The rating agencies have been widely criticized for their role in the financial crisis. It is said that they wrongly assessed the risks on trillions of dollars worth of bonds backed by residential mortgages. And indeed they did. But this is hardly ...
Read more...Miscalculation doomed AIG - Nashville Tennessean
The contracts were flying out of AIG Financial Products. Hardly anyone outside Wall Street had ever heard of credit-default swaps, but by early 2005, investment banks were snapping them up to insure all kinds of deals in case of default, fueling one ...
Read more...State maintains triple-A bond rating - Delaware Online
Despite a wobbly credit market and ever-worsening state revenue forecasts, Delaware has maintained its triple-A bond rating for the 14th consecutive year. The coveted triple-A rating, the highest given by the three major bond-rating agencies, assures ...
Read more...