Residents of San Marcos, Texas can attend a sponsored seminar to learn the basics of responsible credit use. The seminar will cover what a credit report is and what its affects are, how to build good credit or repair bad credit and how to prevent identity theft.As the credit industry tightens, a seminar like this could save a consumer literally thousands of dollars in annual interest rates by managing credit more effectively and maintaining a high credit score. Credit is becoming increasingly harder to get and more expensive for those that have it so a strong credit score is a necessity.The San Marcos Public Library and the San Marcos Housing authority are hosting the seminar. It is being held at the Public library at Monday, July The seminar is free but limited to the first students on a first come, first served basis.Seminar attendees will receive a free copy of Quicken Starter Edition . Quicken is personal finance software that helps users to track bills, create a budget, track personal spending and manage online banking accounts from one central location.It's always been a good idea to pay down the balance on your card. Now it's critical: The higher your balance, the more risky you appear to banks.Curtis Arnold, founder of CardRatings.com, which tracks the credit card industry, suggests keeping your credit utilization ratio the percentage of the credit limit that you use to less than percent. Anything higher and "you are more likely to have a target on your back," he said.But don't wipe out your cash savings to pay down the cards, Detweiler said, in case you need something to fall back on.Use your cards If you don't use a card regularly, the bank is more likely to close the account. Banks have to hold a certain percentage of capital, or cash, on reserve for the loans they make, which can be costly if customers default on bills. So by closing accounts, banks reduce their capital need.A closed credit card account can hurt your credit score That's because percent of your credit score, the rating system most lenders use, is based on your credit utilization ratio and length of your credit history. Closing an account cuts into both. "You need to use [your card] at least once every six months," Arnold said.Monitor your accountsBanks are reviewing customer accounts more aggressively today.Make sure you do too. Read statements and other mailings as soon as they arrive or click on links to "important messages or announcements" online.Starting next month, banks by law must provide days' notice of a change in your interest rate. You can "opt out" of a rate hike and pay off your balance at the existing rate in th day period, and you have to stop using your card.Sign up for automatic account alerts to your cell phone, which notify you when, say, you get close to your credit limit or a payment is due. That way, "you'll have some warning" if your account's been changed, Detweiler said.The World of Warcraft Rewards Visa card is the first of its kind to use game time as a reward rather than cash or travel incentives. The card gives World of Warcraft fans an opportunity to display their interests by choosing one of thirteen themes based on character races, horde, alliance and the World of Warcraft logo.The card benefits are of even greater interest with cardholders earning game with one point for every dollar spent. points are equal to one full month of game time. The card is touted as “the only card that pays you to play”. Card members will also receive one month of game time for the first purchase made using the World of Warcraft Visa card.The card has no annual fee and a zero percent APR on all purchases and balance transfers for the first sixth months. The card has no maximum number of points available and points are valid for five years after being posted.An indispensable part of today’s life is a credit card. Unfortunately, if you cancel your American Express credit card like I did, it means you cannot have access to certain services you may have taken for granted. Just ordering some clothes over the internet wasn’t possible and how basic is that in today’s world. The old days of cash as the preferred method of doing obtaining goods have gone All across the country and the world, people are using their Visa, Mastercard card, or American Express credit card to make purchases with money that they do not have of goods which they may not need. Although American Express credit cards are a really convenient way to make a purchase get it now and worry about it tomorrow it does come at a heavy cost. In some places, credit card debt is spiraling out of control. Today, credit card debt is one of the biggest worries facing us in America.I couldn’t think of any other alternative but to get rid of my American Express credit card. There was nothing to stop me because I wasn’t actually taking money from my pocket. I was using my card for just about everything, but I soon noticed the debts were mounting. When the debt became so great that I couldn’t possibly pay it, I began to panic.To get my debt back into a position where I could pay for it I resorted to using a debt refinancing company. The whole situation was a nightmare. Now, I have gotten my debt paid off and cancelled my American Express credit card. Many people would think me unfair about blaming a credit card but they need to understand something about people first.Paying with cash makes you aware of how much things cost. As I said before, credit cards make the cost of things misleading because you don’t take any notice. Just handing the card over time and time again, it is almost addictive. So now there is no American Express credit card problem for me to worry about.
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