Posted on June 8th, 2010 — in Education + Training, Mathematics Hall, Science Portal
Algebra is one of the most remarkable courses pupils study during their life. There are a lot of students who are doing algebra because they have troubles being able to study the subject field.
A lot of people are not even truly sure what is included in algebra but it is not frightening as a lot of individuals think. Some of the fundamental pieces of algebra include finding least common multiple , factoring difference of cubes and reducing fractions.
When pupils are studying maths, particularly at college level it is very crucial for them to apply some planning and also some continuity in learning mathematical constructs progressively. There are a lot of college mathematics courses of study at first stage that are based around constructing a solid path for the route into advanced mathematics as they enable learning the basic skills that are required.
Who offers help?
For aiding you in mastering algebra, there is a number of packages and these include programs such as algebra tutors. A tutor for algebra is also a surefire way to enhancing your algebra skills. The software programs are very good and will aid you with all aspects of algebra including radical inequalities, graphing radical equations , adding fractions with same denominators and on master the basic and advanced topics of algebra.
If you start learning mathematics from the beginning, it is a good idea to do one of the first stage courses as they will instruct you the very basic principles and build on that so that you are able to get up to the more advanced stage of mathematics. The introductory courses of study also teach you the science of algebra through the use of a large number of different models and methods so this is a good starting point for the beginner to algebra .
Troubles With Virtual Tutors
The only trouble with maths courses of study is that they sometimes do not follow reasoning in a very logical order and this particularly is the case when you are a pupil at primary school. A lot of the students at school are really very ill-prepared for covering algebra and they are not knowledgeable of the basic principles of this notable arm of mathematics.
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Posted on November 18th, 2009 — in Education + Training, Mathematics Hall, Science Portal
Being one of the most basic human power-driven vehicles, the bicycle has two wheels connected to a vehicle that
is driven by a pedal. Bicycles were first introduced in the 19th century and it is asked that currently there are approximately about
one billion bicycles worldwide, outnumbering cars 2 to 1. In many parts of the world, bicycles are the main method of carry. Although
the essential use of the bicycle is as a means of carry, it has developed other uses including recreational activities, fitness activities
law enforcement diligences and competitive sports.
History of Bicycles
Since the origin of the chain-driven model in around 1885, the fundamental pattern and the shape of a
typical bicycle has remained relatively unchanged. But, other advances such as using computers to design
and check the stability have been made to the bicycle from its inventing process. Some bicycles are particularly
manufactured to adhee to standards of racing, cyclicling on mountains and even for law enforcement. In addition, many of the parts that played a
major role in the development of cars for instance, ball bearings, pneumatic tires and spoke tensioned wheels were initially intended for
the bicycle.
Features of a Bicycle
Dynamics
of the bicycle is something that should be mentioned to first. Bicycle needs its centre of gravity in order to be in its space. So it achieves this by moving forward
using the steering which provides some balance to the rider. Additionally, in order to pilot successfully the body of the rider must balance out the dynamics,
particularly at turns. Counter-steering is a task that is used in this regard.
Bicycle can be classified as an super
streamlined machine looked at in both biological and mechanical view point. When
equating the energy an individual must spend to travel a given distance, the bicycle is stated to be the most efficiently
functioning self supercharged method of transportation. Nearly, 99% of the energy is conducted to the wheels of the bicycle when a
rider exerts energy into the pedals. Nevertheless when gears mechanisms are used this figure may drop by 10-15%.A rider using a bicycle
experiences air drag or the resistive force that is exerted by air. At higher speeds, significantly greater power outputs are needed to overcome the air drag. When a rider is sitting in an upright position, the
body of the rider accounts for nearly 75% of the full drag practiced by the bicycle and rider combined. The only way to reduce the air drag is to importantly reduce the position to supine or prone that is in line with aerodynamics.
The main
features of a bicycle are frame, steering mechanics, seating, drivetrain, suspension, wheels and brakes. Some
bicycles use optional mechanisms to get advantage for the dynamics of the bicycle. Using gears a rider can produce a higher power output with a relatively low
power input and thus, crescendo the efficiency of the bicycle.
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Posted on November 4th, 2009 — in Education + Training, Mathematics Hall, Science Portal
Algebra as a Scientific Field
Algebra scientific discipline is the arm of mathematics that is interested in the study of structure, relation, and quantity. Algebra covers working with numbers, symbols, sets of elements and also matrices as in linear algebra. You can consider algebra as one of the most important branches of mathematics, if not the most fundamental. Algebra includes classes such as Linear algebra, Universal algebra and Algebraic geometry.
Require Assistance in Studying Algebra?
Many software applications have come to the market in hope of helping students to develop the ability at solving algebraic problems . Nearly all cases of algebraic problems can be worked out using these software applications because they support and aid to work around different types of equations, formulas and inequalities. If you’ve been struggling to solve quadric, simultaneous, exponential or radical and linear equations , you need not worry any more. These software most probably will contain an algebraic course of study plan and a wizard too; Moreover, algebra calculating systems facilitate a lot of algebraic processes for students learning mathematics.
The Big Picture on Algebra
almost all students always wonder why we study algebra; they see no connection or benefit. Well, if we were to talk about algebra benefits, then it has both direct and indirect benefits, which I think, algebra students should be taught. The indirect benefit of studying algebra could be abstracted in working the learning ability in an well-conducted design. For the direct benefit, algebra has a great deal of uses in different sciences and businesses.
In reality, algebraic applications are used around us, all the time such as in financial markets etc, for example in information technology development or business forecasts. Also, in various science researches like physics, quantum mechanics, Informatics and even in the military; in this article we shall explore how algebraic knowledge is applied in to IT.
Algebra and IT
Relational algebra constructs were the rudimentary steps for the relational database concept. Also, simple algebra was used in modeling of complex XML models and making XML database management systems. Moreover, we can pinpoint usage of algebra for ROM-based Procedural Language and ALF- Algebraic Logic Functioning programming language. Many other advanced programming languages developed for the intent of solving algebraic problems as AML-Algebraic Modeling Language, where this language describes the complicated problem, like complex optimization problems, then calls certain external algorithms to solve the problem.
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Posted on July 5th, 2009 — in Education + Training, Mathematics Hall, Science Portal
Algebra as a Science
Algebra science is the arm of mathematics that is interested in the study of structure, relation, and quantity. Algebra covers working with numbers, symbols, sets of elements and also matrices as in linear algebra. You can count on algebra as one of the most powerful branches of mathematics, if not the most fundamental. Algebra includes classes such as Linear algebra, Universal algebra and Algebraic geometry.
Need Help in Studying Algebra?
Various software applications have been programmed to aid students studying algebra at distinct levels, such software help students to go through their classes step by step and develop algebraic problem solving techniques . Nearly all types of algebraic problems can be solved using these software applications because they support and aid to work around different classes of equations, formulas and inequalities. If you’ve been fighting to solve quadric, simultaneous, exponential or radical and linear equations , you need not worry any more. These applications most likely will contain an algebraic object lesson and a wizard too; Moreover, algebra calculating systems facilitate a lot of algebraic processes for students pursuing mathematics.
Algebra in a Wider Scope
most students always wonder why we learn algebra; they think it has no direct benefit. Well, if we were to talk about benefits of algebra, then it has both direct and indirect benefits, which I think, algebra students should be aware of. The indirect benefit of studying algebra could be explained in working the brainpower in an configured design. For the direct benefit, algebra has a bunch of applications in different sciences and fields.
Actually, algebra applications cover a lot of real life aspects such as in industries etc, for example in robotics research or rocket science. It is also used, in various science researches like physics, quantum mechanics, Informatics and even in the military; one such aspects which will be considered briefly in this article is the algebra applications in programming.
Algebra Used in Programming
Relational algebra constructs were the rudimentary steps for the relational database concept. Also, easy algebra was used in constructing of complex XML models and making XML database management systems. Moreover, we can pinpoint usage of algebra for ROM-based Procedural Language and ALF- Algebraic Logic Functioning programming language. Some other sophisticated programming languages developed for the purpose of solving algebraic problems as AML-Algebraic Modeling Language, where this language describes the complicated problem, such as compound optimization problems, then calls distinct external algorithms to solve the problem.
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Posted on June 1st, 2009 — in Education + Training, Mathematics Hall, Science Portal
Algebra - what is it?
It is an domain of mathematics that use letter of the alphabets in place of numbers to derive results for a given situation. It is this abstraction that often scares many and quivers some. topics of algebra extend by working through simple tasks such as factoring binomials and eventually progressing on to finding the inverse of a matrix. Most individuals get down to try Algebra by adding, subtracting, reducing and simplifying fractions. later on, they would move on to more advanced stages of solving algebraic equations using the least common multiples and converting fractions in to decimals.
Oh no! It’s Exponents, Radicals and Graphing
There are many another advanced topics. To start off with there are exponents. A power is the tiny number placed as superscript to a number or algebraic expression. In this example (x + y)3 where the 3 is the exponent and denotes the power to which that number is raised. The above algebraic expression is read, x plus y to the third power. In working with powers you can add, subtract, multiple or divide them. If you pick up the basic principles, you will shortly start working with rational and negative powers and if you think those are not challenging enough, hopefully complex number will spin your head. A radical, simply put, is the undoing of an power. Radical expressions are shown by the symbolic representation “V” and when placed beside number 4, it is read as square root of 4, which is equal to 2. The contrasting exponential equation is 2^2 which is read, 2 to the 2nd power, and equals 4. Moreover, exponents can be added, subtracted, multiplied or divided by radicals. Radicals can be switched into exponents and exponents back into radicals. If exponents and radicals aren’t enough, there is always graphing. Start with graphing straight lines and deciding if the line is horizontal or vertical or neither. Another question to ask is whether the line has an x-intercept or a y-intercept Furthermore, try and see if you can find the slope of a line. you master the mathematical art of graphing, you will find out a whole new world full of parabolas and hyperbolas.
Help is Available
If you are learning algebra and this all seems a little too much, don’t fret. It’s time to look around because there exists a wide array of resources that is able to help you master the theme. The custom is to settle for a math tutor, but the modern algebraic software are no different. In fact, they are better than math tutors. Know that frustration is not your only friend because any of these tools can help you become an algebra expert in very little time.
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Posted on April 6th, 2009 — in Education + Training, Mathematics Hall, Science Portal
Algebra as a Scientific Study
Algebra science is the arm of mathematics that is interested in the study of structure, relation, and quantity. Algebra encompasses working with numbers, variables, sets of elements and also matrices as in linear algebra. You can position algebra as one of the most influential branches of mathematics, if not the most essential. Algebra includes categories such as Linear algebra, Universal algebra and Algebraic geometry.
Require Assistance in Studying Algebra?
Many software applications have come to the market in hope of assisting students to develop the ability at solving algebraic problems . These applications cover nearly all algebra modules such as working around and graphing different cases of linear equations , formulas and non-linear inequalities. Such equations like quadratic, simultaneous, exponential, radical and linear equations will be simply, quickly and efficiently solved using these software applications. These applications most likely will contain an algebraic object lesson and a wizard too; Moreover, algebra calculators facilitate a lot of algebraic processes for students learning mathematics.
The Big Picture on Algebra
most students constantly wonder why we study algebra; they think it has no direct benefit. Well, if we were to talk about usefulness of algebra, then it has both direct and indirect gains, which I think, algebra students should be taught. The indirect benefit of studying algebra could be explained in working the brain in an well-conducted design. For the direct benefit, algebra has a heap of applications in different sciences and organisational streams.
In reality, algebraic applications are used around us, all the time such as in many trades etc, for example in information technology development or business forecasts. It is also used, in various science researches like physics, quantum mechanics, Informatics and even in the military; in this article we shall explore how algebraic knowledge is applied in to IT.
Algebra Used in Programming
Relative algebra constructs were the base for the relational database concept. Also, simple algebra was used in patterning of complex XML models and constructing XML database management systems. Moreover, we can pinpoint usage of algebra for ROM-based Procedural Language and ALF- Algebraic Logic Functioning programming language.Some other high-tech programming languages developed for the aim of solving algebraic problems as AML-Algebraic Modeling Language, where this language describes the complicated problem, like complicated optimization problems, then calls distinct external algorithms to solve the problem.
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Posted on June 14th, 2008 — in Mathematics Hall
How will credit card balance transfers affect my credit score and rating?
Transferring balance from a high interest credit card to a new lower interest
card can definitely save you money on interest, if nothing else at least until
the introductory rate ends (if applicable). We all receive those infamous credit
card offers in the mail, urging us to apply for a new card and transfer our high
interest balance over, in order to take advantage of the lower interest rate
that this new card has to offer.
This seems like a logical thing to do, right? I mean, lower interest rates on
your credit accounts equals more money in your pocket, true? Yes,
transferring your credit card balance from a high interest credit account to a
lower one is an excellent way to save money on interest, especially if you carry
a lot of debt on your credit card(s).
But how does this affect your credit rating and credit score?The answer to that question really depends on your
situation, and how you go about it.
A closer look
Lets say you have $5,000 in debt on a credit card account from “ABC
Credit Services”, which has a total credit line of $10,000. For this
example, lets just say this is currently your only open credit card
account. Since your debt takes up half of your total credit line, this would put
your percentage of debt compared to your credit line, for this account, at 50%.
We’ll call this your “debt percentage”.
You’re making payments to ABC with no problems and you seem happy with the
account and the interest rate. That is, until one day you check your mail, and
there it is, a credit card offer from “XYZ Credit Services” with a
fixed interest rate set at half of what you’re paying now with ABC! Suddenly
dollar signs start popping up in your head, and you start trying to figure out
how much money you could save by transferring your $5,000 balance to XYZ. You
then decide you’re going to apply for the account at XYZ. Your credit is good
right? No problem! You receive the card in a week or so, and go ahead with the
balance transfer.
So how does this affect my credit score?
How this balance transfer affects your credit rating and credit score really
depends on what you do from this point on, and also what your credit line is on
your new card from “XYZ”. If your credit line on your new card is
lower than that of the original “ABC” credit account, then your
“debt percentage” will be higher, which generally will lower your
credit score. This would be true if you closed the original account at ABC, and
kept your new account as your only open credit card account.
If you’ve had your “ABC” credit card for a while (maybe 2 years or
more), and you have a good payment history with them, then it will most likely
be in your best interest to keep that account open, even if you don’t use it.
Especially if your credit line with your new lower interest card is below
$10,000. Usually for the sake of your credit score, you don’t want to
increase your “debt percentage”, you want to decrease it.
For example, if you keep both accounts open, you will have a total credit
line of $20,000. With your $5,000 in debt on your new card, and your original
account at ABC having no balance, your debt percentage would only be 25%,
which is a good percentage and your credit score will reflect that.
Now reverse that and say that you closed your credit account from
“ABC”, given that your credit line at “XYZ” stays the same,
you would have a debt percentage of 50%, which is what you started out with in
the beginning. Add to that a newly acquired credit card with little or no
payment history on it, and you’re credit score would almost surely decrease, at
least until you establish a longer payment history on your new account.
So for this example, it would probably be best to keep both accounts open.
Your lower debt percentage could possibly offset the hit your score took from
obtaining your new credit card. And looking to the future, it should
look better on your credit report this way too.
Avoid increasing your debt percentage
When trying to keep your credit score as high as possible, try to avoid doing
anything to increase your debt percentage. Even though the amount of debt you
are carrying on your “revolving credit” is the same, it will always
look better if you’re using 25% of your total credit, compared to using up 50%
of it.
But don’t try too hard to decrease it either
Be sure not to take it too far by applying for more credit than you need,
just because you think it will help your credit score by having an even lower
debt percentage. Obtaining any new credit will generally bring down your credit
score slightly, at least for a short period of time. Applying for credit too much and too
often will almost always have a negative impact on your credit score, which
is exactly what you don’t want. Your time would be better spent on trying to
pay down this debt instead.
As with anything, being informed is the key
Balance transfers such as this can and will save you money on interest, if you do it
right. Stay informed about how things like this affect your credit, and you should be just fine!
Jake Rustenhoven is the webmaster of http://www.freebiecreditreport.com and the author of many other self-help and how-to articles related to credit reports and credit scores.
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Posted on June 3rd, 2008 — in Mathematics Hall
Credit cards have become a major part of the world economy, allowing for paperless transactions and reducing the need for cheque ledgers and extensive monthly chequebook balancing. With all of the options available for credit cards, however, it can be difficult to decide on which card best fits your personal needs.
Below you’ll find a little bit of information that will hopefully help you to find the right card to fit your personal and financial needs without fees or features that you don’t need.
Determining what you’re looking for
The first thing that you need to do when looking for a new credit card is determine exactly what it is that you’re looking for in a credit card. If you’re looking for a simple card to help cover petrol expenses, then your needs in a card will be much different than in you’re looking for a card with a good incentive program that you’re planning on using for major purchases. Take the time to write a few notes about what you’re wanting to use your card for, and what features you’d like the card to have.
How much credit do you need?
Once you’ve determined what you’re looking for in the way of features and uses, you need to figure out exactly how much of a credit limit you want on your card. If you’re only planning on using your card for minor purchases, you might want to find a card with a lower credit limit. If you want a card for larger purchases, then you’ll likely need to find a card with a higher limit. Just remember that you’ll have to pay back whatever you charge to the card with interest, so make sure that you don’t get more credit than you can afford.
Credit card incentive programs
When considering credit card incentive programs, you should take a moment to consider how useful the incentive will actually be to you. Airline miles are wonderful, but they don’t do you much good if you never fly. The same goes for discounts at certain stores or from certain manufacturers… if you rarely shop there or don’t buy the products that the manufacturer sells, then the discount is wasted. If you’re getting a card with an incentive program, make sure that you get one that you’ll get good use out of.
Comparing card offers
Before deciding on a particular credit card, you should take a little time to compare offers from different credit card companies and see what interest rates and terms are available. Check the different cards for any additional setup fees or annual fees that they may charge, avoiding any unnecessary costs if possible. Take the time to check online for other cards that you might not have seen before, seeing if there are any features offered by these cards that you might not have thought of previously. Use this comparison process to help you find the right card for your needs by consulting the list of what you’re looking for and comparing it to the various card offers.
Choosing your credit card
Once you’ve sorted through various credit cards, it’s time to make your decision and submit your application. In most cases, you should be able to apply for the card online… this can save you time by instantly transmitting your information, and you can often get an answer on your application within a minute or two from an online application.
You may freely reprint this article provided the following author’s biography (including the live URL link) remains intact:
About The Author
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
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Posted on May 23rd, 2008 — in Mathematics Hall
Let’s say you’re the type of person who’s constantly in debt, and what’s worse, you find it difficult to repay those debts. Or perhaps you’ve declared personal bankruptcy once too often. Or maybe you’ve been a victim of credit card fraud and found that your credit report has been adversely affected because of this. You’re at your wit’s end and are uncertain about what you should do. Can a credit repair company fix all these problems?
Sadly, the answer seems to be a big and resounding no. The majority of financial experts all seem to agree that one would be better off doing the legwork in attempting to repair his or her credit rather than paying a third party to do the fixing for him or her. Despite what most of them claim, a credit repair company can’t just wave a wand and make all your credit problems disappear like magic. If, however, there are inaccurate statements in your credit report, a credit repair company can help you. For a fee, representatives of the company will contact your creditors on your behalf to get errors in your credit report fixed. But then, this is something you can always do by easily yourself, so it isn’t advisable to spend money that you could use to repay part of the debts you have.
What you should be wary of are credit repair companies that promise to remove any and all blemishes in your credit report; even if these blemishes are verifiable, accurate, and not obsolete. If you really do have bad credit, not even the most popular credit repair companies can do anything about it. If any such company promises to fix your credit no matter how bad it may be and especially if the information in your credit report is correct, stay away from them. Most likely, they will use unsavory or downright illegal methods to accomplish this and your personal credit will be ruined.
One tactic they use is this: they will contact your creditors or credit bureaus and claim that the data in your credit report is inaccurate. Your creditors will naturally investigate these claims and while they are doing so, they will remove the “bad” information from your credit report. Meanwhile, you mistakenly believe that all bad credit information is removed from your report and are happy with the way things are going. True, if credit reporting agencies cannot verify the truth of an entry within 60 days, the offending data may be deleted from your report. But after your creditors finish their investigation and find the information to be accurate after all, the unfavorable data will be returned to your credit report - leaving you in the same boat you were in before, or even worse.
Take for instance two such companies: ICR Services Inc. and National Credit Education and Review. They were charged with fraud by the U.S. Federal Trade Commission (FTC) in 2003 for promising the impossible to consumers; they falsely claimed that they had a computer disk that could free a person’s credit report from notations of late payments, foreclosures, bankruptcies, and the like. Of course, such a disk did not even exist. These two companies did not admit to any guilt, but settled their case for $1.15 million.
So if a person needs to fix his or her credit status and wants to avail of the services of credit repair companies, what should he or she do? Well, you surely wouldn’t be helping the state of your personal credit any if you just go by the seat of your pants and hire the first credit repair firm you find on the Internet. First, you should make sure of your rights as a consumer under the Credit Repair Organizations Act by reading the booklet “Consumer Credit File Rights under State and Federal Law.” Find a reputable credit repair organization by contacting the Better Business Bureau and make sure that the organization you’re planning to hire clearly sets out in print the services they will be providing, the length of time it will take to accomplish what you’re hiring them to do, and a justification of the fees they’ll be charging.
Using a credit repair company to improve your credit rating is not your best bet; it’s not even a good bet at all, according to the experts. Remember that erase information in your credit report if that information is true and not out-of-date. Hiring one for that purpose would just be a waste of money.
Credit-reparation.com provides you with information on credit related issues like credit repair company, annual credit report, credit scores and free credit report info. Take a look at http://www.credit-reparation.com.
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Posted on May 4th, 2008 — in Mathematics Hall
Credit cards are a form of unsecured credit. The issuer is
extending you a line of credit, usually tacking on all sorts
of little surprises in the fine print. This type of credit
is probably the most commonly used.
If you have a great credit rating, you’re probably bombarded
with offers of new cards. They usually carry no annual fees,
the interest rates are reasonable (as far as credit cards go),
you get close to a month’s grace period and there might be
some fetching initial offers, such as no interest for 6 months
on balance transfers and new purchasers.
Others of us who are not so lucky, might have to pay $20 or more a year for a card, the interest rates will be higher and the come-ons less enticing or non-existent. Grace periods may be as short as 20 days and you might have to make sure you payment is received early enough so the credit card company will consider it paid on time.
Still others might not be able to get anything other than a
secured credit card, one where you make a deposit first and then are allowed to charge to the extent of the deposit. This kind of card, while expensive, can be helpful in rebuilding credit if you have had credit problems.
Then there are cards like the original American Express or Diner’s Club cards, where you’re expected to pay the entire bill every month as it comes due. This kind of card forces you to be more careful with your spending, although it is becoming more frequent for a line of credit to be attached to them also, to allow you to pay for some purchases over time.
Credit cards are not bad things in and of themselves, but can
become bad things very quickly. You can charge just about anything and get to pay for it about a month later. You can take part in the many rewards programs and get points for things you would have bought anyway, like food or gasoline. This is all great if you pay off the bill every month.
The problem is that if you run up your credit card debt, but only pay the minimum payment, that $300 TV you got on sale will really cost well over $1000. It can take 10 or more years to pay off a $5000 debt if you only pay the minimum each month. Most people are unlikely to want to pay off a tank off gas ten years after it was used up.
If you read your monthly statements closely, you will see that the monthly minimum payment is barely enough to cover your interest due for that month. You are not making any dent in the amount you owe.
So probably the best solution is to stay away from credit cards. But that probably is also not a realistic solution for most people. And credit cards are necessary for some things; for example if you want to rent a car. They can be very handy in an emergency.
The only realistic solution is to charge only what you can pay off quickly. The next best choice is to pay as much more over the minimum payment due as you can afford. Or consolidate your credit card debt into a lower interest loan or line of credit, but only if you destroy all your cards and never apply for new ones.
Many people made a habit of maxing out their cards and then going bankrupt. Their credit card debt would be wiped out in the bankruptcy court and they would get a “fresh start”. In March 2005, the US Congress drastically changed the bankruptcy code, limiting access by individuals to Chapter 7 of the code, which was the section of the law that sharply limited repayment of debt.
Credit card companies now check your credit report frequently, sometimes every month. Even if you are never late in your payments to them, they may decide you are no longer a prime customer and may raise your rate.
Some of the things the banks are looking at is your use of your overall debt - if your ratio gets too high they get scared. Another event that may trigger a rate increase is a late payment to another credit card company or even to the phone or electric company.
Being even one day late with a payment to any creditor may trigger up to a four times increase in your interest rate. If you’re using one of the free or very low interest offers banks use to lure you to them, they will likely hike your rate as high as 29%.
So, one final note about credit cards: do not ignore the little messages the banks send you either in your statement or separately. They may contain nasty surprises, like an increase in your interest rate that you can avoid by simply writing the credit card company and no longer using their card. I personally got one of those love notes, trying to
raise my interest rate from about 14% to almost 24%. Needless to say, that card went into the garbage.
Now more than ever, you must learn to use credit responsibly. The quick escape of bankruptcy will be harder to come by and it is just too costly over the long term to ruin your credit rating at any point in your life.
A bad credit score not only affects the interest rate you will pay on credit cards, personal loans and mortgages, but also may affect your ability to get a job, rent an apartment or result in an increase in your auto insurance premiums.
So take those little pieces of plastic seriously and handle them wisely.
Chris Cooper is a retired attorney who is very familiar with debt, being in it too many times in his life. These articles pass on some of the knowledge he has gained striving to become debt free. He is editor-in-chief of http://www.credit-yourself.com a website devoted to debt management.
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