The Unscrupulous Greed of Credit Card Companies

Last Monday, Representative Steve Israel (D-Huntington, NY) announced that he will be co-sponsoring a new bill with Congresswoman Louise Slaughter (D- 28th District, NY) to bring to a halt the latest in unscrupulous practices being heaped upon the public by credit card companies. In May, President Barak Obama signed the new “Credit Cardholders Bill of Rights” law which will take effect in February. Though the law was the first in a long time to take steps to protect consumers from predatory lending practices, it also gave greedy banks a head start to gouge consumers before its enactment.

In the past several months, banks have been busy raising interest rates and assessing penalties on consumers with abandon, and this new bill is aimed at stopping these ruthless practices between now and February. The proposed new law would cap credit card interest rates at 16%, limit punitive fees, such as late fees and the like to $15, as well as limit membership fee hikes. In fairness to banks, it would also allow for temporary increases in the interest rate cap under extraordinary circumstances.

I’ve been personally affected by these practices in the past several months. Having been a satisfied card-member of American Express for eighteen years, my attitude towards the credit card company has been greatly diminished. One day earlier in the year I received a letter from the bank announcing a very large decrease in my credit limit. I was surprised by the move, as I had never come close to my large credit limit in the past. It had gotten so large in the first place not by my own doing, but by periodic limit increases added to my account by the bank in the hopes of driving my balance upwards.

The decrease in my credit line wasn’t that big of a deal. I did have a high limit and I hadn’t planned on getting anywhere close to it anyway, but it was unsettling. After all, my credit is impeccable, and I’d never missed a payment, and in the past they freely offered more credit to me on regular occasions.

A few months later, in August, I received another letter from the credit card giant. This was the one that made me angry. For the first time in eighteen years, American Express was raising my interest rate from 9.9% to 13.99%. Suddenly, through no action of my own, I’m paying more money each month for the privilege of owing it in the first place. There is some good licensed moneylender who collect the fewer amount of interest over the allotted money. These things will help the borrower to clear the whole amount of received capital.

The lender gave no reason for the increase, only that it was being “responsive to the business and economic environment.” Not only did the APR on my existing balance rise, so too did the cash advance rate, the over limit rate, the rate for paying late, as well as the late fee. This personal experience is one of many out there, I’m sure. My problem is minimal compared to the burden these actions by American Express and others have heaped onto the American consumer.

There are so many people out there who struggle individually, with little or no hope for a carefree financial life. The price for owing money has become insurmountable for millions. After all of the money that was paid to these financial institutions in the Great Charity Giveaway of 2008, I think it’s pretty disgusting the way they’ve been paying us back. It was our money in the first place that helped them crawl out from near ruin, and they continue to take us for everything we’ve got.

I’m both pleased and hopeful that this bill will be the beginning of the end to the unfair business practices that have been going on for years on the part of financial institutions. I should know because I worked for a major bank for thirteen years. I’ve seen from an insider’s point of view how the bottom line trumps everything else, and how the size and scope of these corporate giants give them an unfair advantage when it comes to making profits out of gouging consumers. Stay tuned as I delve back into my years as a bank employee and share a point of view from an insider’s perspective…

How To Convert Bitcoins To Cash:

In today’s age,bitcoins are mere investments. It is predicted that someday it will replace the local currency and we will be able to use it daily for menial things similar to how we use money today. This blog is to inform you how does the conversion take place, at bitcoin era ikke.

The purpose of converting money via bitcoin:

Bitcoins are accepted in very few businesses and markets. They haven’t replaced the local currency yet. This puts the consumer in a difficult position wherein he has the cash, but he can’t use it. To get better use out of your money and to gain profits people invest in bitcoins and when there is a rise in the market, they sell it for their desired profits and then convert it to cash to buy whatever they wish to.

Steps for transferring BTC to cash:

  1. Sell bitcoins on the platforms available for such transactions like Kraken.
  2. There are 2,200 bitcoin ATMs in the world. If you have an ATM nearby, you can use it to get cash against your bitcoin.
  3. Many websites are available for you to get a prepaid debit card in exchange for your bitcoin debit card.
  4. You can send them to your peers or investors wanting to bitcoin and get cash in exchange.

Precautions and things to remember while converting bitcoin to cash:

  • Tax-

there are no concrete rules yet that define the regulations for taxes in regards to bitcoin. The authorities though believe that if you make profits via buying or selling bitcoins, then you ought to pay taxes. The amount for taxes is hefty!

  • Fees-

every transaction via bitcoin charges you. The sum of charges to get it exchanged will be a huge amount. The loophole is to sell to your friends if they don’t charge you transaction money.

What Qualities a Good Web Host Should Have

With the increase in the competition between the businesses, all the businesses want to provide high quality services to their customers so that they can retain them through developing long term business relationship. This can be done by using a web hosting service because this service helps the businesses to remain connected with their customers while they are at home or any where in the world.

With the increase in the usage of internet, there is also increase in the usage of these services by the businesses. Besides this, as the businesses want to give quality service to there customers as well. They also look something in these services that is its quality. These are some of the qualities that the users want in their hosts:

  1. The first quality is the secure transaction on the website. The hosts can only guarantee this security by the usage of the Secure Socket layer. This will provide security certification to the customers and they will be ensured that the data transferring and other useful and confidential information is secure and can not be leaked.
  2. The other is the data management and it is only possible if there is a database behind the server. This will help the hosts to store and manage the data. If the server stops working due to some technical flaws, there should be some back up program to hold the information so that it can not be lost. Moreover, if the users connect through an IP address or domain name, they can access all the information easily.
  3. The other quality that good hosts provide is the greater bandwidth. It helps the users to store greater information on the server. The hosts should allow the customers to upload the files of their own and also allow them to use the space on the disk.
  4. The next is the authority to install the software of user’s choice. This freedom of installing will satisfy the users to greater extent because they can modify the things according to their wish. This will increase the reliability of the host.
  5. Good hosts should be cost effective. They should help the users to decrease their cost and increase the performance through generating greater revenues.
  6. The other can be the effective control of the traffic on the server. Whenever there are more clients visiting the website, it creates a problem in the form of a dumb. One of the problems is the downtime of the server. Some hosts who claim to provide quality service fail to encounter with such kind of problems. So the hosts should work on this issue that how they can control the traffic and maintain the speed of the server without causing any problem.
  7. The last but not the least is the technical service at the back that helps the users to keep connected and these services wipe out all the problems pertaining to the server.

These are the number of qualities that the best web hosting service can provide to their users. Web hosting service should make sure that they are controlling all the flaws effectively as along with providing reliable, effective and easily accessible service.

The above article is just a small gist about how a web host should function but they tend to be expensive in nature so for those want both cheap & best web hosting, they had better consult the experts in this matter to get hands on experience about web hosts and its benefits.

Top-Reasons To Invest Into Bitcoins!

With the rapid modernization of the world, the currency has also been modernized, which has given birth to the digital currency. There are various types of digital currencies, but bitcoin is the most popular and successful out of them all. It attracts a lot of bitcoin traders to invest in it as it gives a good return and makes them earn a considerable amount of profits. It is a decentralized type of currency, which means there is no authority that governs or controls it. It is managed by the users only, and it is highly beneficial to invest in if you want to earn a good amount of profits easily.

Why is it beneficial to invest in bitcoins?

Different uses

The most significant advantage of bitcoin is that it serves different purposes. It makes the users able to make a digital transaction at a lower cost. It is the basic use of bitcoin, but other than this; it is also used to exchange securities. Although these are some of the side uses as they have not become the primary use of bitcoin yet. It makes bitcoin a highly useful digital currency and has opened up various opportunities for it in the future. It has also made it one of the best things to invest as it gives excellent profits in return.

Easy to use

Most of the modern currencies are full of complexities, which makes them difficult to use by the people. Bitcoin has a user-friendly interface, which makes it convenient for the users to use it. Adding to it, you need to hold the currency for a long time as you can sell them quickly to earn a good amount of profits. It makes investing in bitcoins the best decision and allows investors and traders to earn the right amount of profits.

To conclude, bitcoin is a quite useful and lucrative investment and can help you to make a good amount of profits.

Bowflex Treadclimber: Choose The Best, Handle Safely

What does one need to do to keep in shape? What are the perks of having a well-toned body? Does a built physique with bulging muscles from top to bottom account for a good health as well?

These are the questions that come to mind when you decide upon hitting the gym to get a nice bulk. Everyone wants to be noticed and admired be it for their looks or their abilities.

However, it is important to note that along with a muscled frame you need to make sure that you are stronger from the inside as well as that is what matters and lasts for long compared to outer strength which fizzles out in no time.

But there are numerous people who join the gym to shed the extra kilos that they have gained from years of neglect and consumption of junk food.

The paramount thing in their mind is to become lean and with no paunch in the middle. They do this through cardio exercises that are good for the heart as it helps in pumping blood throughout the body.

The most popular cardio workouts are running, cycling, treadmill and last but definitely not the least: the treadclimber.

Treadclimber is quite similar to a treadmill and cycling so in looks it is a cross mixture of both but quite vital for cardiac muscles and helps in getting rid of calories.

A bowflex treadclimber is considered to be the best as can be used at home and saves time from the gym.

Its pedals are similar to cycle pedals though it is done in a standing position. Some important bowflex treadclimber models are as follows:

  • Bowflex TC200
  • Tread TC10
  • Tread TC100

So, guys and gals, just purchase one at a store near you and make your room a miniature gym.