Tag Archives: rate
Capital One Platinum Max(SM) Credit Card – Review
According to the Capital One website, their Platinum Max(SM) Card is “right for people with excellent credit interested in getting a great rate that they can count on”. I agree with this statement as the Capital One Platinum Max Card appears to actually be one of the better cards currently out there on the market. In order to qualify for this credit card, you must of had another loan or credit card for at least five years. You must currently have a credit card with a credit limit greater than $10,000 and never of been more than 60 days late on any payments of card bills, medical expenses, or loan payments. Also, you must of never have of declared bankruptcy to qualify for this credit card. In short, The Capital One Platinum Max is not an easy credit card to be approved for.
Currently the card features a very low 9.9% APR on purchases and balance transfers. This is guaranteed for 3 years and your APR will not increase just because you make a late payment or go over your credit limit. There are no annual membership or balance transfer fees associated with the card. This is in itself a very important and rare feature on any platinum class credit card. The card is a great money saver for folks who like to travel abroad. There are no additional fees on purchases made outside the U.S.A.
Another group of excellent benefits is the exclusive special savings you can enjoy with the use of your card. It is a snap to easily save up to 40% on featured deals and 10% on everything else at Capital One Saving Zone on Yahoo! Shopping. At this exclusive website, cardholders can enjoy huge savings on thousands of brand name items. The store features various types of goods including Bed & Bath, Women’s Accessories, Home Furnishings, Jewelry, and Kitchen Appliances.
At the time this review was written, the Annual Percentage Rate (APR) was 9.9% at the purchase rate and balance transfer rate. There are no balance transfer fees on this card at the time this review was written as well. The card offers a credit limit up to $20,000.00 (min $2,000). One can also expect to receive the best of other platinum card services as well like extended warranty protection for goods bought, accident and travel insurance, as well as 24/7 roadside assistance. Also remember at the present time the card also features no membership of annual fee. If you ever have any questions of concerns with your card you can also simply just call the number located on the back of the credit card for quick and easy help from a professional staff of caring and helpful people 24/7.
Please remember that at the time this review was written all information was true and correct to the best of my knowledge. If you should decide to apply online for this, or any other credit card online be certain that you have read the complete current terms and conditions.
Wells Fargo Loan Modification Completely Explained
Where traditional loan modification schemes can take months the newly implemented loan modification scheme at Wells Fargo can sanction your loan modification within a week if you are eligible. If you are seeker of Wells Fargo loan modification scheme you might want to know the details of this scheme. The details of Wells Fargo loan modification are explained here:
Project lifeline: This wells Fargo loan modification program stalls the foreclosure process up to 30 days to allow a timeframe for solution of loan workout to be implemented. Under this program Wells Fargo is proactively contacting borrowers who are delinquent for a period of 90 days or more, on a case by case basis to assess their situation and qualification for home loan modification. The documents required by the banks for assessment are homeowners credit history, income, debt to income ratio, present and past employment, current property valuation and initial valuation and proof of financial hardship. However there are some caveats applied to the conditions of qualification for the home loan modification. You do not qualify if you have: 1. loan on investment properties 2. loan on vacant properties 3. Bankruptcy already filed 4. Foreclosure already on with the date of sale within 30 days.
Fast track Solution for adjustable rate mortgage: Homeowner who took a loan and its payment is now beyond their affordability may qualify for a 5 year deferment on the introductory rate. To be eligible following criteria should be met: 1. The loans should have been taken between January1, 2005 and July 31,2007. 2. The loan should have been due for an interest rate reset between January1, 2008 and July 31, 2010. 3. Should have an initial fixed rate period of 36 months or less.
If homeowners meet the eligibility criterion under any of the above stated programs, they will be notified by Wells Fargo. Also to qualify you must be earning enough to pay for your expenses over and above the mortgage payment. However as a borrower you can also be proactive and contact Wells Fargo and see if you qualify. As a borrower seeking loan modification help, you would be required to do following:
Understanding of the application process: As a homeowner you would be required to correctly and honestly fill out the application forms and submit it to the bank. The application form generally requires proof of your financial hardship, expenses, and income statements.
Your form is the plea of your need to the bank, just thinking of it as a paperwork to be done away would be a big mistake. Make all your earnest effort to reflect your need genuinely in that form. Along with the form you have to send a financial hardship letter stating the reason you are seeking the home loan modification for. Try making it as compelling as possible without exaggerating or understating your need.
Gather information: You might want educate yourself on how to calculate you debt to income ratio, how to calculate your expenditure. This knowledge comes handy for filling up accurate data in the bank forms. You can also hire a specialized mortgage modification company to help you with forms.