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Posts Tagged ‘Credit’

Citibank Credit Card

Citibank is one of the largest credit card issuers, which is offered with major credit card logos Visa, MasterCard or American Express. Due to this Citi cards are accepted at almost all merchants that accept credit card around the world. Besides its worldwide recognition, Citibank credit cards are famed for the issuer’s sophisticated online services.

Citibank Credit Card: Everything is just a few clicks away

Besides in-store payment, Citibank credit cards facilitate easy online payments. A cardholder can also setup periodic payments against his/her utility bills, such as electricity and telephone, without fretting over standing in queues. Other online services available on a Citi credit card are:

  • Balance transfer: A cardholder can conveniently transfer balance between accounts to maintain equity. Moreover, some Citi cards come with zero balance transfer rate. Cardholders can use this facility to manage a deficit account, without paying high interests on the transfer.
  • Card payment: Besides making purchases and paying utility bills, cardholders can also make online payments for clearing their credit card dues and avoid late fees. Online payments also help to optimize the benefit of interest-free days.
  • Track card usage: Citibank online service enables cardholders to have a comprehensive view of their account, including past statements. The inclusive summary of accounts enables to track credit card usage with respect to available credit limit, date of bill payments and other transaction details.

Besides these, Citibank online service provides cardholders with a online receipts for every online purchase or transaction. This is helpful for disputing fraud in case the online vendor fails to deliver on his/her promise.

Moreover, on making over two online bill payments (REF: http://www.economywatch.com/credit-card/company/citibank.html ) Citibank credit card holders become eligible for free checking. Citibank online service is not merely restricted to credit cards, regular Citibank savings/checking account holders can also use this service. Citibank also offers a lucrative 5% interest rate on its e-savings accounts.

Kitz Shukla PhotoAbout Author
Moreover, on making over two online bill payments Citibank credit card The author is associated with Veda Informatics

Extension of the Home Buyer Tax Credit for Some

A bill that extends the $8000 home buyer tax credit into 2010 for people serving in the military, diplomatic positions and intelligence operations may pave the way for the bill’s extension to the general sector. The Home Buyer Tax Credit is seen by many in the White House as an important stimulus to the economy, helping to create and maintain jobs in the coming year.

The Home Buyer Tax Credit was created to encourage first-time home buyers to purchase their first home and is calculated as 10% of the home’s purchase price up to $8000. By taking advantage of this tax credit, new home owners now have a financial advantage that can make home ownership that much easier. It’s like having one’s closing costs and taxes for the year paid for with a bit left over.

According to a study made by the National Association of Realtors®, 350,000 people who bought a home during the time when the Home Buyer Tax Credit was applicable to their purchase would not have taken their first step to home ownership if it weren’t for the Credit. As of mid-October, the window for civilian residents of the U.S. has been effectively closed, as it is nearly impossible to initiate a home purchase and have closing completed in the timeframe of two weeks.

The extension of the Home Buyer Tax Credit to the military and other government employees makes many hope that it will be generally extended into 2010 so that people who were unable to take advantage of it this year will still have an opportunity. While there has been no official word from the White House on whether this is going to be the case, hopes are high that the positive attitude towards it will be enough for it to be signed into law.

Many believe that the tax credit is an important part of combating the recent foreclosures that have turned some areas of the nation into wastelands of empty houses. The more people who invest their money into real estate, the more people there are to take an interest in their neighborhood and create thriving communities.

With government personnel being granted a reprieve that may enable them to buy homes once returned from active duty overseas, the Home Buyer Tax Credit is still alive and well. Hopefully, once the success of its extension for people serving their country is realized, it will make sense for the government to enable its use by non-government citizens into the New Year.

About Author
Philadelphia Real Estate Guide: Find Washington Square homes and condos for sale. Easy-to-use search and neighborhood info from Todd Levinson, Philly Buyer’s Agent.

Attention Home Buyers: Tax Credit Could Go Up!

To cope with the gloomy real estate market, lawmakers and businesses call out for an increase in tax credit for first-time home buyers. Right now, the tax credit is maxed at $8,000 and is expiring this coming fall. Some business groups suggest the tax credit be increased to $15,000 for first-time home buyers.

According to the National Association of Realtors (NAR), 40% of home purchases consist of first-time home buyers, a 5% increase than the historical average. The tax credit, originally part of the economic stimulus package, was introduced last July 2008 and was later expanded in February. According to some economists, the tax benefit is crucial to stimulate home buying and to stabilize prices.

The proposal to increase the tax credit includes the following:

  1. A Senate Bill, introduced by Sen. Johnny Isakson, that will extend the tax credit to $15,000 for home buyers
  2. A House Bill introduced by Rep. Kenny Marchant that will keep the $8,000 tax credit until 2010 and $3,000 credit to homeowners who would like to refinance
  3. Another House Bill that will extend the tax credit to all homebuyers until 2010, as introduced by Rep. Eddie Bernice Johnson

Bernard Bauhmol, an Economic Outlook Group economist, is confident that the Congress will approve the proposal because “it’s important that housing come back” despite the fact that raising the credit will result to reduction of taxes. Meanwhile, the Business Roundtable, a group of CEOs of big companies urges the Congress to increase the tax credit to up to $15,000 and make all home buyers eligible. Realogy CEO Richard Smith thinks that the real issues are how to stimulate the “move-up market” and how to pay for it.

At the moment, the policy on tax credit does not apply to singles who earn above $95,000 per annum and couples who earn above $170,000. There are some business leaders who want these income caps removed to increase the number of eligible individuals. At the end of the day, one thing’s for sure – if these proposals were approved, more people will definitely take advantage of the expanded tax credit.

First Time Home Buyers Tax Credit Extended to April 30th, 2010

Just recently the U.S. House of Representatives decided to pass a new bill that will grant an extension and expansion of the Federal Tax Credit for First-time Home Buyers. This extended tax credit will be good through April 30th, 2010 that now also includes a 60 day extension should there be a binding contract in place prior to the deadline.

The tax credit for first time home buyers will still stand at a tax credit of up to $8,000. Existing homeowners however, will receive a reduced credit of up to $6,500. In order to for existing homeowners to be eligible for the $6,500 tax credit, they have lived in their current residences for at least five years. Another change in the bill is an increasing of the qualifying income limits. Single tax filers’ income limits were once $75,000 and joint filers were once $150,000. The new qualifying income limits are $125,000 for single tax filers and $225,000 for joint filers. The purchase price of the home is capped at $800,000. These new changes are aimed to encourage existing home owners to sell their first homes in exchange for purchasing larger and more expensive homes, basically their dream homes.

Additional stipulations in the bill include the ability for taxpayers to claim the credit on purchases that are completed in 2010 on their 2009 income tax returns. The bill also maintains that the home buyers utilize the home as their primary residence for 36 months after its purchase; otherwise the credit must be repaid. However, for any active duty military personnel this requirement is waived should they need to move due to military order.

So far this tax credit has had great success. According to the California Association of Realtors, “nearly 40 percent of first-time buyers said they would not have purchased a home if the federal tax credit for first-time home buyers was not offered. This underscores the significance of the federal tax credit to the housing market’s recovery in California.”

For more information on the extended First-time Home Buyer Tax Credit contact the experienced and knowledgeable agents at Realty Executives Dillon. The agents at Realty Executives Dillon can offer you an expertise that is unsurpassed in the San Diego County real estate field. There are hundreds of property listings all throughout San Diego County and seasoned real estate agents are exactly what you are going to need to navigate your way. So for the best San Diego real estate services you could hope to find, visit Realty Executives San Diego.

About Author
The author of the article knows all about San Diego County Real Estate. He has provided San Diego Real Estate Services for many years now. He is one of the best Realty Executives San Diego.

Obama Versus The Credit Card Issuers

As debt settlements, bankruptcies, and the unpopularity of credit card companying continue to increase, the Obama administration reiterated its support behind legislation in Congress that would put restrictions on the imposition of higher fees and interest rates on consumers. Following on promises made during his campaign, President Obama met with top brass from the largest credit card issuers in the country to push them toward action that would reduce abusive practices.

The meeting at the White House occurred as the House of Representatives worked to finalize new curbs on credit card fees. In addition to the curbs, senior White House officials pressed for a provision that forces require credit card companies to prioritize payments so that the first money to come in from a consumer is applied to debt carrying the highest interest rate.

In a separate action on Wednesday the House Financial Services committee passed a bill that would decrease and/or limit a variety of fees and penalties currently being charged by credit card companies. The bill was sponsored by Rep. Barney Frank, D-Mass., and Rep. Carolyn B. Maloney, D-N.Y
Most of the provisions, restrictions, and limits were already adopted by the Federal Reserve last year but there are also some new rules being dictated to the industry. The marketing of credit cards to minors would be prohibited. There are some new transparency rules for credit card companies requiring additional information for regulators. The last rule, and probably one that consumers going through debt settlement wish was in place a few years back, allows for credit cards holders to set lower credit limits than what the card issuers are offering. One specific benefit of the rule would be that parents could impose their own spending limits on credit cards they provide to their children.

The bill could reach the floor of the House where hopes are that it will fare better than a similar bill passed by the Senate Banking Committee three weeks ago. That bill barely passed with all Republicans on the committee in opposition. Pressed by credit card industry lobbyists, Senate Republicans will attempt to block that bill but public sentiment and pressure from the White House are likely to influence its passage.

Senate Republicans, industry executives, and lobbyists contend that passage of these bills is redundant due to the fact that the Federal Reserve has already adopted a series of similar restrictions that will go into effect next year. Another of the group’s contentions is that the passing of the legislation could further reduce lending in the face of tighter credit card company restrictions and the inability of consumers to obtain financing through other means. In reality, it could be that real agenda is to delay the inevitable to allow for fees and high rates addressed in the bill to be charged for as long as possible.

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USA Debt SettlementDebt negotiation company, Debt negotiation companies, Debt negotiation firms. Visit us at usadebtsettlement.org

Bad Credit Bill Consolidation Loans

The longer you let debt build up the worse your credit will become, if you’re in financial trouble it may be time to look into a bad credit bill consolidation loan.

 

When you already have bad credit it may feel as though all attempts to fix the situation are futile and bankruptcy is the only option. However, this is not the case, another option is a consolidation loan for your bills. This will roll everything into one manageable monthly payment and the new loan will look better on your credit history than your old bills that have been building up.

 

When you have bad credit your best bill consolidation option will be a home equity loan. If you have already paid a substantial amount on your home you can obtain a loan using your home as collateral, which has the obvious drawback of losing your home if you get behind again. You may also consider looking for a secured loan using your vehicle as collateral. Secured loans will have the best interest rates. With bad credit in particular the interest rate is a key factor when looking for a bill consolidation loan.

 

If you need to get an unsecured bad credit consolidation loan your interest rate will be much higher than if you had a good credit rating or a secured loan with collateral. However, while this is a definite drawback, the long term repercussions of the bad credit bill consolidation loan are preferable to those of bankruptcy. Once you eventually pay off the loan you will have better credit and be on your way to a good credit rating, which, as we’ve learned through this experience, has it’s advantages.

 

It’s important to note that unless you are employed and have a means of paying back the loan, it will be nearly impossible to obtain a bad credit bill consolidation loan.

 

To improve your credit and your debt situation, a bad credit bill consolidation loan may be your best long and short term answer to your debt.

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To learn more about using consolidation loans to safely get out of debt and offered unsecured debt consolidation loans visit my site on Unsecured Debt Consolidation Loans

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