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Home > > BoatU.S. WorldPoints Platinum Plus Visa
BoatU.S. WorldPoints Platinum Plus Visa
Card issued by Bank of America, N.A. (USA)
Earn 1 point for every net retail purchase dollar spent and redeem your points for travel, merchandise, gift certificates, and cash§
Access to the MyConciergeSM service, a unique personal assistance service**
Absolute fraud protection against unauthorized use, online and offline
No annual fee
A flexible and unique rewards program that puts you first. Select from cash back, travel, merchandise or personal services that are yours for the picking.
BoatU.S. Platinum Plus® Visa® Cards.Earn 1 point for every $1 in net retail purchases.§ Bonus points for "marine" net retail transactions**
- No annual fee
- Absolute fraud protection
- Online access and 24-hour service
- Access to the MyConciergeSM service, a unique personal assistance service
- Introductory 0% Annual Percentage Rate (APR)† for Cash Advance Checks and Balance Transfers through your first twelve billing cycles.* (subject to a 3% transaction fee, no less than $10)
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DID YOU KNOW?
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Sub prime lenders offer second mortgages to people with bad credit.
Charging slightly higher rates for the higher risk level, sub prime companies help you access your home's equity. With so many lenders online, vying for your business, you can find better rates by shopping around. Even with poor credit, rates can be as little as .5% higher than traditional equity loans. Higher Rates For Higher Risk Sub prime lenders by definition deal almost exclusively with people who
have
scores 649 or less. They can even provide financing the day after your
bankruptcy. For this increased credit risk, they charge rates anywhere
from
5% to 12%. Unscrupulous lenders will charge even higher rates or
expensive
fees. To find what is reasonable, start requesting rate quotes. Not only will
you
get an idea of market rates, but you can sift through the scammers too.
When
you request a quote, be specific with your credit standing. You can
always
request your credit score from a credit monitoring service or reporting
agency. Competitive Lenders Vie For Your Business The internet has made the financing sector more competitive. With
consumers
clicking their way through financing offers, lenders can only stay in
business by offering low rates and fees. A smart shopper will find
these
offers online. Without having your credit score dinged by credit inquires, you can ask
for
general quotes online. By giving general information about your income,
home's
value, and general credit, you can get a good idea about rates. Some sub prime lenders will also offer lower fees or rates by
processing
your application online. Financing companies save costs by working
online,
savings they can pass onto you. Smarter Shoppers Get Better Rates To make your rate search easier, start with a mortgage broker site. By
submitting your information once, you will receive multiple offers. If
you
find some promising offers, you can follow-up. If you have time,
research
individual lender sites. They too can offer great deals. Before signing any contract, make sure you understand all the fees and
rates
involved. An initial low rate can be an expensive loan if closing costs
are
high. Use the APR to find the truly best deals. Also factor how long
you
plan to keep the loan. Lower fees and higher rates may be a better deal
for
those who plan to sell or refinance in a couple of years. |
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Understanding the new credit rating system On March 14, 2006 the three leading credit agencies, Equifax, Experian, and TransUnion announced that for the first time, they would all adapt the same credit scoring system. The new system, called the VantageScore, is based on the time honored academic grading system of A-F. What will a creditor see now when they check your credit repot? Much the same things they saw before. While the grading system seems to be more simplified, there is still a large range between each rank. Moving from B-A is not as simple as it may seem. Take a look at the point values assigned to each grade: A - 901-990
B - 801-900
C - 701-800
D - 601-700
F - 501-600 The intent in changing to the new system was to help creditors accurately gage consumer’s credit scores. Prior to the new system, each of the three credit agencies may have had different numerical scores, which made determining the actual score more difficult. Under the new system, a divergence in a few points should not effect the scoring as much as it did prior to the conversion. The new scoring system was made available to lenders on March 14, 2006, but will not be available to consumers until the end of the year.
Copyright 2007, Credit Devil. All rights reserved!
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