Understand Your Credit Card

I've been doing some freelance writing for a client on debt management. Needless to say, I had to do a heck of a lot of research, just to understand all the terminology, leave alone offering expert opinions. The bewildering array of terms include debt snowballs, credit scores, APR, Prime rates, etc.

My point here is that it's necessary to understand everything about credit and credit scores, especially if you're working from home, freelance, without the backup of a formal organisation to take care of you. In the course of my research, I bumped into a very interesting credit card site, CreditorWeb.com. I spent a lot of time browsing through credit card forums and informational sites, but very few had precise and concise data to offer. But the folks at CreditorWeb seem to have developed a few really great tools, such as the 'Balance Transfer Savings Calculator'. This nifty tool will list the amount you save by transferring your credit balance from your current card.You enter your current card details, and it spits out a list of cards, detailing the exact amount you save for each card.

What this really means is that you don't need to pore through the small print for every card. Transferring your credit balance to a new card which saves you money is a commonly suggested method of reducing your debt. But to know exactly how much you save, and for which card, is something which a lot of us don't do, if only because arriving at the figures is a time consuming and burdensome chore. With the 'Balance Transfer Savings Calculator from CreditWeb, it's not so anymore. Checkout out this tool and other useful tools for WAHMs, such as the Credit Card Processing Comparison Tool, which compares merchant account / credit card processing plans to find the best deal for accepting credit card payments online.