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The Pros And Cons Of Prepaid Credit Cards (Page 1 of 3)
Observers in the lending industry have estimated that there may be at least 50 million Americans who are not able to qualify for credit. These consumers are usually young, often members of the minority groups and unbanked
and they are faced with the long-standing dilemma of credit: how can I build my credit record if no one will give me any credit at all?
One of the answers offered by credit card companies is a variety of prepaid credit cards, designed for use by specific segments in the market. The prepaid credit cards are meant for that significant portion of the population that cannot meet the qualification criteria for regular credit cards, or who qualified before but have since lost their credit due to repeated defaults and other reasons.
Advantages of Prepaid Credit Cards For those who do not have enough credit history or have had it blemished, prepaid credit cards are an effective way to build or slowly rebuild credit. That may not happen immediately, but it is something to work on over time. The banks that issue prepaid credit cards are also prepared to extend normal credit the moment you are able to show that you have become a worthy credit risk.
For the moment, you may have to make do with prepaid credit cards. You can use prepaid credit cards as you would any other regular credit card to purchase airline tickets, reserve hotel rooms, or order items online.
Prepaid Credit Card for Students
There is a special prepaid Visa credit card for students, which offers a lot of convenience not only for the students but also for their parents. These reloadable prepaid credit cards offer parents several options on how to reload. Parents can add money to reloadable prepaid credit cards by depositing money, by arranging an automatic transfer of funds from their account (a deposit account or their own credit card account), or by online transfer. Using the prepaid Visa credit card is no different from giving the regular allowance to their child, only they do so by electronic means and there is no more cash that changes hands.
The big advantage of the prepaid Visa credit card is that the student is limited to spend only as much money as there is in the card. The parent is thus able to control to some extent the spending behavior of their child. They can use the prepaid credit card anywhere that the credit card brand is accepted.
Prepaid Credit Cards as Gift Certificates Some prepaid credit cards function like gift certificates. You buy the prepaid credit card for a certain amount, and your recipient can purchase items with it at any of the brick-and-mortar stores or online merchants, and also for mail order items, that accept the particular credit card brand. Your recipient can use the prepaid credit card only up to the amount of money that you loaded on it. This particular version of prepaid credit cards is non-reloadable.
Like any gift certificate, recipients of prepaid credit cards can buy whatever it is they want at any time they want. Unlike a gift certificate that, when it gets lost is lost forever to the recipient, prepaid credit cards may be replaced if it gets lost or is stolen.
Recovery centers that place priority on individual needs
Many recovery centers have treatment plans that are rigid in nature and expected to be followed by all patients. At 12 Palms Recovery Center, the focus is on each patients needs and a treatment plan that they can follow independently of each other.
Recovery centers for alcoholics and addicts have developed treatment plans for patients that preach a program of living life clean and sober. Over the years, many successful methods have helped millions of patients stay clean and sober through these methods. Rehab centers in Ohio have certainly been successful as well, helping addicts learn to live a life that can be happy, productive and fulfilling.
However at many recovery centers, they may have programs that are not conducive to each patients individual needs. For instance, one recovery center may only have a 28 or 30-day program, another recovery center may only gear their recovery treatment plan for specific drugs of choice. At 12 Palms Recovery Center in Jensen Beach, Florida, each patient is given a specific and well-thought out treatment plan that works for their own specific needs.
The 12 Palms Recovery Center is owned, managed and staffed by recovering alcoholics and addicts who understand that each addiction is unique, and they understand that each patient has gotten to the recovery stage through an entirely different pathno one alcoholic or addict traveled the exact same path. By understanding where each patient is coming from and what their specific addiction is, the staff can develop a treatment plan of varying lengths30, 60 or 90 daysthat can help each patient to fully grasp and understand their addiction, and how best to recover from it.
Rehab centers in Ohio have the tools and resources available to help addicts in recovery, but at 12 Palms Recovery Center, each patient is encouraged to actively participate in their own recovery. Each patient starts their day by setting daily goals for themselves, followed by a time of daily devotion and group activities. Each patient is then given time for intense one on one counseling, individual therapy sessions, and each patient is given the chance to go to outside AA and NA meetings and encouraged to find sponsors who will work with them personally as they work through the 12-step program.
Rehab centers in Ohio can teach an addict or alcoholic the basic tools necessary to stay clean and sober, but at 12 Palms Recovery Center, each patient has the opportunity to work through their own individual issues through a variety of different methods chosen specifically for their needs. A patients stay at 12 Palms Recovery Center is dependent entirely on each individuals needs, and not what the program dictates.
Recovery centers that offer only one treatment plan for all patients does not work for every addict. At 12 Palms Recovery Center, individual assessments by the professional staff of counselors who are recovering addicts themselves dictate each patients individual treatment plan. For more information on the services offered by 12 Palms Recovery Center, please call 1(866) 331-6779.