Secured credit cards are some of the most misunderstood financial tools of our time. While many people think secured credit cards are “less” of a credit card than unsecured credit cards are, this couldn’t be further from the truth. If you want to know the cold, hard facts about the world of secured credit cards, we have some information you need to read.
1. It’s NOT a Stigma
If you think you’ll be stigmatized each time you pull out your secured credit card from your wallet, you’re being just a bit paranoid. When you use secured credit cards, the only people who know that the card is secured is you and the bank. The people who swipe your card won’t even realize that you’re using a secured cvv shop.
2. You DON’T Need Thousands of Dollars
While it’s true that some people open up secured credit card accounts with a deposit of more than one-thousand dollars, the fact is that you can get a secured credit card with a deposit of just a few hundred dollars to start. If you eventually want your credit limit to increase and you aren’t yet ready for an unsecured line of credit, you can usually add money to your deposit amount in future installments.
3. It DOES Count On Your Credit Report
Some people mistakenly believe that the companies that offer secured credit cards don’t report account activity to the credit bureaus. This definitely is not the case. Your secured credit cards will appear on your credit report, as will your payment history.
People who think secured credit cards aren’t reported are usually confusing secured credit cards with prepaid credit cards. Prepaid credit cards are not reported to the bureaus. With a prepaid credit card, you put money on the card and when you use it, you use it. There is no revolving line of credit. This is very different than how secured credit cards work.
With secured credit cards, you put money into a savings account that acts as a guarantee for the revolving line of credit you are being issued. Each month you are billed for the purchases you made to the card and you must make minimum monthly payments, just as with an unsecured credit card account.
4. Interest Rates Are NOT Better
Some people think that secured credit cards offer much lower interest rates because the account is guaranteed by a bank account. This isn’t necessarily true. With secured credit cards, the interest rates are usually in the same ballpark as they are with unsecured credit cards (10 to 20 percent, depending on the card).
5. Some ARE Bad News
While it’d be nice to think that all secured credit cards are intended for the good of those who need them, that just isn’t the case. When applying for a secured credit card, make sure you only deal with reputable companies.
If a company charges extremely high interest rates (more than 18 or 19 percent) or an application or processing fee, then take your business elsewhere. You should never pay more than you have to and there are many secured credit cards that won’t abuse you with these unreasonable terms.
6. Rewards ARE Available
If you’re one of the many who believe that secured credit cards never have rewards programs or perks, you’ll be happy to find out that isn’t the case. There are some secured credit cards that do indeed offer rewards programs, although you may need to pay a minimal annual fee to enroll.
7. The Deposit IS Refundable
You get one or two secured credit cards and use them for about a year. Your credit is looking much better and you’re now eligible for an unsecured credit card with much better terms. You want to close your secured credit cards, but what happens to your security deposits?
When you send in a deposit for secured credit card, it goes into a savings account and the money still belongs to you. When you close that credit card, the money is sent back to you with the interest the savings account has earned once the balance of the card is paid in full.
Now that you know the facts about secured credit cards, go ahead and find the card that’s right for you. Remember, secured credit cards may not be your dream card, but they are definitely a means to that end.
A secured credit card is in effect the opportunity to regain a sound financial position.
Due to the easy accessibility of credit reports through well-established credit bureaus today, credit issuers rely increasingly on these reports to make their final decision on providing you credit. A credit card is often denied to you when you do not have a credit history. This is often in the case of the young adults who have never taken out a loan or have so far used a credit card through a parent. It can also occur in the case of divorced people who have never had a credit card in their name.
Secured credit cards [http://www.creditrunner.com/secured-credit-card-offers] thus provide the best means for anyone to establish a credit history. The secured credit card by virtue of being secured by your own money allows the issuer to feel safe, ensuring their money back in case you default. Since the issuer is also holding your money, they persuade you to make your payments regularly instead of losing your security deposit on the secured credit card.
Secured Credit Card – A credit card with a security deposit
Very often when you rent an apartment, the landlord will ask you to deposit an amount equivalent to a month’s rent into a special account. This amount acts as security and is not used till you move out. When you move, this money along with interest is returned to you. You will not owe the landlord any money if you leave the apartment without any damages. The same rule applies to the secured credit card. In a secured credit card you have to deposit an amount as security equivalent to 50-150% of your credit limit in a special account with the credit card issuer. The credit card issuing company will provide you with a secured credit card which is used like a regular credit card. The only difference being that only you and your credit card issuer know that the secured credit card has attached to it a security deposit.
Provided you use your secured credit card wisely, the security deposit will not be used. This means that the secured credit card will be used to make reasonably priced purchases and the monthly bills will be paid regularly and fully as far as possible. To increase the credit available to you on your secured credit card, you can either increase your security deposit or get as many secured credit cards as possible. The credit card issuer will soon increase your credit limit from 50% of your deposit to anywhere between 75% and 100%.
The interest rates on secured credit cards are usually quite high. In the even that you have been rejected for credit by some companies you will be thought of as a significant credit risk. The issuing companies are taking a huge risk in lending you money through secured credit cards, and these interest rates are based on these risks.
5 Ways to Spruce Up Your Business & Attract New Potential Clients
If you’re looking for ways to refresh your business and attract new clients, you’ve come to the right place. In this article, we’ll share five specific strategies you can implement to achieve these goals. From office fitouts to updating your branding, there are a number of ways to make your business more appealing to both existing and potential clients. Keep reading to learn more.
- Invest in an office fitout
One of the best ways to spruce up your business and give it a fresh look is by investing in an office fitout. This will not only update the appearance of your space but it can also help improve employee productivity. When planning your office fitout, be sure to keep your brand identity in mind so that the finished product aligns with your company’s image. There’s no shortage of reliable commercial fitout companies in Brisbane.
- Update your branding
If you’re looking for a cost-effective way to refresh your business, consider updating your branding. This could involve anything from redesigning your logo to updating your website or social media accounts. Keep in mind that your brand should be reflective of your company’s mission and values.
- Invest in marketing
Investing in marketing is another great way to attract new potential clients and promote brand awareness. There are a number of different marketing channels you can explore, such as content marketing, email marketing, social media marketing, and more. Figure out which platform or platforms make the most sense for your business and start developing a strategic marketing plan.
- Offer promotions
Offering promotions is yet another effective way to draw in new clients while also showing appreciation for existing ones. You can promote something specific like a new product or service or offer discounts on certain items in your store. Just be sure that whatever promotion you choose makes sense for your business and aligns with your overall marketing strategy.
- Host an event
Last but not least, hosting an event is a great way to generate interest in your business while also networking with other like-minded individuals or companies. Consider hosting a grand opening celebration, workshop, seminar, or something else that would be relevant and appealing to your target audience.
These are just a few of the many ways you can spruce up your business and attract new potential clients. Which strategies will you be implementing? We hope this list has inspired you to take action so that you can see results in both the short- and long-term!
How to Start a Business in Cambodia
The first step when setting up a business in Cambodia is to register it. There are several options for registration, so you should do your research and find the one that best suits your needs. The government’s website has a comparison table of business registration options, and it can help you choose the most suitable one for your business.
1.Importance of Website in Business
There are many reasons for the importance of a website in business, and one of the most important reasons is that it can greatly enhance your business’s marketing capabilities. The website is essentially your storefront, so its layout and design need to attract the attention of visitors. Your website is also the face of your brand, so you need to give it some “wow” factor.
When you’re first starting out in Cambodia, you’ll want to surround yourself with trustworthy people. This includes your business partner, staff, and landlord. The internet is an excellent resource for finding people who have already made it in Cambodia and are willing to share their experience and expertise. As a result, you can take advantage of their networks and get valuable advice.
2.Best Webhosting in Cambodia
To get your website online, you need to have a web host that offers quality services. Choosing the best web hosting for Cambodia will depend on many factors, including speed, reliability, security and responsive customer support. Activerify Hosting is an excellent choice for hosting your website in Cambodia. They offer free SSL certification, which is a good way to protect your website from hackers. Their servers also come with security rules that are updated weekly.
If you have a small business in Cambodia, shared ecommerce web hosting is a good place to start. If you want to grow quickly, however, it is important to find a hosting provider that can provide you with dedicated, clustered or cloud hosting.
3.Domain and Hosting service provider in Cambodia
If you are interested in starting a website for your business, you should look for a good Domain and Hosting service provider in Cambodia. These companies provide a variety of services that include domain name registration, website hosting, and domain name booking. These companies are reliable and trustworthy and offer a range of packages at different prices.
When it comes to Cambodia domain name registration, only Cambodian companies and organizations are eligible. Likewise, only Cambodian citizens can register a domain name. In addition, a good web hosting service provider will offer Cpanel support for building a website in Cpanel. Additionally, these companies offer 24 hour support.
4.Byte Webhosting provider
1Byte is a leading web hosting in Cambodia, known for its quality services and customer support. Its staff is highly qualified and available round the clock. Customers can take advantage of its powerful cloud computing service at an affordable price. It also provides dedicated servers that are suitable for large websites with high traffic.
The provider offers many different hosting packages that can be customized to suit your needs and budget. You can choose a plan that includes all the features you need for running your website and domain name. All plans come with secure servers and all security arrangements to safeguard your website. The minimum cost of the hosting service is $24 per year.
5.Why 1Byte is Best Webhosting in Cambodia
If you’re interested in establishing your online presence in Cambodia, 1Byte is the perfect choice for your web hosting needs. The company’s easy-to-use platform is perfect for both beginners and experts alike. Unlike many other web hosts, you don’t need any technical knowledge to use the system. In addition to a user-friendly interface, 1Byte also offers professional SMS brandname services that cater to individuals and organizations.
This Cambodian website hosting service provides complete business website development solutions. Their hosting plans include domain name registration, as well as Cpanel support. They also guarantee 24×7 support to help you with any issues.
Five must-haves from Replica Sneakers Online Store for any sneakerhead’s collection
There is no question that sneakers like LJR Air Jordan 1 Low are among the most popular items in today’s fashion world. With so many different styles and brands, it can be tough to decide which sneakers to add to your collection. If you are a sneakerhead looking for new additions like LJR Air Jordan 1 Low, here are five must-have replica Ljr Batch sneakers that any sneakerhead would love to own.
Nike Air Max 97 “Silver Bullet”
The Nike Air Max 97 “Silver Bullet” is a must-have Ljr Batch sneaker for any sneakerhead’s collection. Released in 1997, the Air Max 97 was designed by Christian Tresser and inspired by Japan’s high-speed bullet trains. The Ljr Batch shoes feature a reflective silver upper with red and black accents and a full-length Air Max unit for cushioning. The Nike Air Max 97 “Silver Bullet” is a classic design that is as popular today as it was first released. If you are looking for a stylish and comfortable pair of sneakers, the Nike Air Max 97 “Silver Bullet” is the perfect choice for a replica by mangomeee.
Nike SB Dunk Low “Be True”
The Nike SB Dunk Low “Be True” is an Ljr Batch sneaker that is a must-have for any sneakerhead’s collection. This sneaker is a replica of the original Nike SB Dunk Low, which was released in 2004. The Be True version of the Ljr Batch sneaker is made with high-quality materials and construction, and it features a unique colorway that makes it stand out from other replicas on the market. The Nike SB Dunk Low “Be True” is a replica of the original, and it is one of the most popular replicas on the market. It is a must-have for any sneakerhead’s collection. LJR Air Jordan 1 Low is another good choice as a substitute.
Adidas Yeezy Boost 350 V2 “Zebra”
The Adidas Yeezy Boost 350 V2 “Zebra” is one of the most coveted replica sneakers on the market today. Sneakerheads go crazy for its unique white and black zebra-striped design, reminiscent of the iconic Air Jordan 1 “Bred” colorway. What makes the “Zebra” so special is that it is one of the few replica sneakers that can pass for the real thing.
With its perfect replication by Replica Sneakers Sellerof the materials and construction, this sneaker is sure to fool even the most discerning sneaker experts. If you are looking to add a touch of luxury to your collection, then the Adidas Yeezy Boost 350 V2 “Zebra” is a must-have.
Converse Chuck Taylor All-Star 1970s Hi
The Chuck Taylor All-Star 1970s Hi is a must-have replica sneaker for any sneakerhead’s collection. First released in 1917, the Chuck Taylor All-Star was the first mass-produced basketball shoe and quickly became a staple on and off the court. The 1970s Hi is a faithful reproduction of the original, with a high-top silhouette, canvas upper, and rubber outsole.
The vintage look is completed with Converse’s signature star logo on the side. While the Chuck Taylor All-Star 1970s Hi may not be suitable for actual basketball play, it is a stylish and comfortable option for everyday wear. And with its classic design, it is sure to become a favourite by Mangomeee Replica Sneakers in any sneakerhead’s collection.
Puma Suede Classic + “Maroon.”
The Puma Suede Classic + “Maroon” replica sneakers are a must-have for any sneakerhead’s collection. These sleek and stylish shoes are inspired by the classic Puma Suede and feature a premium leather upper with perforated detail and a signature formstripe. The boots are finished with a gum rubber outsole for traction and durability, making them perfect for everyday wear. Whether you’re hitting the streets or the gym, the Puma Suede Classic + “Maroon” replica sneakers will help you make a statement.
How Storeus is Building an Eco-Friendly Ecommerce Venture
There are multiple ecommerce options out there but what makes Storeus a unique ecommerce venture is its emphasis on sustainable shopping.
It is quite well known that Consumers, especially Millennials increasingly say they want brands that embrace purpose and sustainability.
Indeed, one recent report revealed that certain categories of products with sustainability claims showed twice the growth of their traditional counterparts.
Yet a frustrating paradox remains at the heart of green business: Few consumers who report positive attitudes toward eco-friendly products and services follow through with their wallets.
In one recent survey 65% said they want to buy purpose-driven brands that advocate sustainability, yet only about 26% actually do so.
One of the objectives of Storeus has been to narrow intention-action gap for meeting corporate sustainability goals but also for the planet.
Reports have shown that almost 70% of the greenhouse gas footprint in the retail sector depends on what products customers choose and whether they use and dispose of them in a sustainable manner.
This is why Storeus has been careful to source, distribute and sell products that are eco-friendly and uses minimum resources.
Very few ecommerce operations are built on the sustainability factor and Storeus is one of the few brands to do it.
Storeus has been supporting all studies that encourage sustainable consumption as well as research in marketing, economics, and logistics.
The good news is that researchers have learned a lot about how to align consumers’ behaviors with their stated preferences for sustainability.
Much of the research on sustainability has focused on public interventions by city planners — but the findings can be harnessed by any brand that wishes to nudge consumers toward sustainable purchasing and behavior.
When it comes to shipping and logistics, Storeus tries to highlight standard ground-delivery options with an eco-friendly icon or badge and a pop-up explanation.
The brand also ships orders for home delivery from the nearest delivery locations to reduce carrier transport miles.
The brand also encourages shipping efficiency by grouping products together. Offering bulk order options for replenishment items, and selling smaller items in packs or sets to encourage fewer but more substantial shipments is another way the brand is supporting sustainability.
Containers and packaging make up 28% of all consumer waste, according to the Environmental Protection Agency. Most paper and cardboard packaging is recycled—compared with just around 14% of plastic—and shipping materials like bubble wrap and plastic film wrap aren’t recyclable.
The brand has switched to eCommerce packaging that’s easy to recycle, and label it as such to reduce environmental impact.
More than one in five eCommerce purchases are returned, according to a National Retail Federation report, and they aren’t just a drag on the bottom line. They exact an environmental toll, too. Merchandise takes an extra trip back to the distribution center, adding return packaging and transit miles to the equation.
The best way to reduce the environmental footprint of returns is to prevent them from happening in the first place.
Storeus provides comprehensive product details up front to help shoppers pick the right items the first time, especially when it comes to fit and sizing.
In an effort to push sustainability, Storeus often encourages customers to take advantage of strategically crafted promotions and a cohesive sustainable marketing strategy.
How Does UK Accounting Software Help In Invoicing & Receipt Management
Keeping tabs on your finances can be tricky, especially with so many different documents coming in and going out at once. But with the right accounting software, you not only have a clearer picture of your books but also save time on everyday tasks like invoicing and receipt management. Read on to find out how UK accounting software can help you boost efficiency and save time while keeping track of your company’s money.
Create invoices in no time
The first function on the list when discussing the benefits of using accounting software is the ability to create invoices quickly. This can be a tedious task for many businesses, especially if they don’t use accounting software. With a few clicks, though, you can create a professional-looking invoice with the information and due date you need to have in there. This means you can have your customers’ due dates and invoice numbers in one place, making it easy to keep track of your finances while staying organized. This also allows you to streamline the invoice process — you can create invoices that automatically pull information from your accounting software, cutting down on time you spend on this task.
Know where your money is going
Another benefit of accounting software is that it allows you to see where your money is coming from and going. Most UK accounting software offers an overview of your company’s finances — helping you keep track of income, expenses, and outstanding bills. Moreover, this data is accessible on the go, which is perfect for business owners who work from home (or on the road). This way, you can stay on top of your finances, no matter where you are. This feature also allows you to see how your business is doing. For example, you can see what types of sales bring in the most revenue and where your money is being spent — helping you make decisions about your business’s future.
Be alerted when something’s not right
Another great benefit of UK accounting software is that it can alert you when something’s not right. For example, if you get an invoice but don’t have it recorded in your system, you can set it up to send you a notification. This way, you don’t have to keep tabs on every invoice you receive — your accounting software will do it for you. This is also helpful when it comes to expenses. If your employees are submitting some large bills, you can set up a system where they have to enter the expense into your system. This way, you can review the expenses and make sure everything is aboveboard. This function can also help you identify areas where you may have errors in your books. If you get an alert on something that you’ve already accounted for, it may be a sign that there’s a problem with your books.
Track your inventory with ease
Tracking your inventory is a crucial part of accounting — but it’s not the most fun part. Using accounting software, though, you can streamline the inventory process — and even make it a little fun. There are many UK accounting software providers who offer inventory management features that allow you to track your stock. This means you can see how many items you have on hand, when they are due to expire, and what your current sales are. And it’s not just for inventory you keep in-house. Many inventory management features allow you to add information about items you purchase from suppliers, as well. This way, you can track your business’s inventory from start to finish. Plus, you can see how your inventory is affecting your sales — helping you make business decisions with confidence.
Find the best deals for your business
Another way accounting software helps you navigate the world of business is by finding the best deals for your business. Many UK accounting software providers offer tools that let you search for discounts and deals on a variety of products and services. This is a huge benefit if you need to purchase any products or services for your business — and it’s even better if you use one of those products or services yourself. This way, you can keep track of your spending while making sure you only spend money on what you need. This feature can also help your business if you provide products or services to others. If you have to sign up for a service or make a big purchase, you can use the search tool to find the best deal for your needs.
Choosing the right accounting software for your business is crucial. Not only will it help you keep track of your finances and stay organized but it can also save you time on everyday tasks like invoicing and receipt management. Thankfully, there are many UK accounting software providers out there, each with different features. This means there is a provider for every type of business. Whether you are an ecommerce business, have a team of remote employees, or anything in between, there is an accounting software provider for you. Check out the Dext UK accounting software for your business and get started with it soon!
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