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Get Over from Your Credit! Credit Debt Management

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Credit arises when you spend without paying. And how it is done? Yes, you are right, it’s through credit cards. Here, we are going to discuss how can we control that small plastic card which can make us happy with its service and can lead us to bankruptcy if goes out of control. Credit debt management can suggest us the way to get back that control and maintain it.

Credit card handling tips which you can follow for efficient credit debt management:

o Use your credit cards wisely; this will help you build a good credit history.

o Reviewing of credit card bills helps you pay them on time simultaneously finding errors (if any) in the bill.

o Get your credit report and analyze it. Contact credit rating agencies if there is any mistake in the report regarding credit card or any other debts.

o If you are already having balances on your credit cards, don’t apply for more cards.

o Get your balance transferred to a card with lower interest rate, if you use more than one credit card.

o If you are late on payments to another creditor, your credit card company can raise your

interest rate. So, always pay your bills on time for all your debts.

o Special cards such as gas and petrol cards, departmental store cards or rewards cards carry higher rates as compared to normal cards, so avoid them

o If your credit debts are getting out of hands, contact credit debt management agencies for help.

Along with the measures specified above you can take the help of credit debt management companies. You can search among numerous credit debt management companies available online along with the services they offer. These services include credit counseling, credit card education and credit card debt consolidation services. Under a credit card debt consolidation service, you make a single monthly repayment to these agencies for all your credit card bills. Further, this agency pays your creditors from that amount at negotiated amounts. Yes for getting this service, you will be charged with a certain percentage of the total debt payment for credit cards.

You can enroll for a credit debt management agencies within 15 to 20 minutes. After the enrollment the consultants from these agencies will contact you with the services and credit debt management plan while discussing your credit card spending with you. The services of these agencies will continue till all your debts are in control or you have decided you withdraw voluntarily from this service. A credit debt management besides erasing your debts can also erase your stress due to credit cards.

Bitcoin

TA: Bitcoin Forms Bullish Pattern, Why BTC Could Rally above $45K

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Bitcoin

Bitcoin price stayed above the key $40,750 support zone against the US Dollar. BTC is rising and it could soon rally above the $45,000 resistance.

  • Bitcoin started a recovery wave above the $42,800 and $43,000 resistance levels.
  • The price is now trading above $43,000 and the 100 hourly simple moving average.
  • There was a break above a connecting bearish trend line with resistance near $42,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could accelerate higher once it clears the key $45,000 resistance zone.

Bitcoin Price Starts Fresh Increase

Bitcoin price struggled below the $43,000 level for a few sessions. BTC declined below $41,000, but the bulls protected the $40,750 zone. There were two attempts to clear $40,750, but the bears failed.

As a result, the price started a fresh increase and it seems like it has formed a double bottom pattern near the $40,750 level. It is rising and it has cleared the $42,000 and $42,800 resistance levels. There was also a break above a connecting bearish trend line with resistance near $42,400 on the hourly chart of the BTC/USD pair.

Bitcoin cleared the 50% Fib retracement level of the downward move from the $45,153 swing high to $40,750 swing low. It is now trading above $43,000 and the 100 hourly simple moving average.

Besides, it is consolidating near the 76.4% Fib retracement level of the downward move from the $45,153 swing high to $40,750 swing low. On the upside, an immediate resistance is near the $44,800 level. The first major resistance is near the $45,000 level.

Source: BTCUSD on TradingView.com

A close above the $44,800 and $45,000 levels could start a steady increase. The next major resistance is near the $45,500 zone, above which the price could rise towards the $46,200 resistance.

Dips Limited In BTC?

If bitcoin fails to clear the $45,000 resistance zone, it could start a downside correction. An immediate support on the downside is near the $43,600 level.

The first major support is near the $43,200 zone and the 100 hourly simple moving average. Any more losses could lead the price towards the $42,000 support zone in the near term.

Technical indicators:

Hourly MACD – The MACD is slowly gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $44,600, followed by $43,200.

Major Resistance Levels – $44,800, $45,000 and $45,500.

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London College Student Been Mugged off $98k Bitcoin (BTC)

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London College Student Been Mugged off $98k Bitcoin (BTC)
  • A London college student gets robbed off $98K worth Bitcoin (BTC).
  • A gang of eight gangsters robbed the student threatening him with knives.
  • Despite such hideous crimes, the police failed to capture the thieves. 

This piece of news is quite an interesting one, but not to offend anyone though. However, it’s vivid that all crypto related crimes are usually cyber ones, but this is the first time as a writer I am coming across a live one! 

About the start of this year, a freshman got mugged at knife point by a gang of eight thieves. True to the fact, these thieves were not after money or other assets, but instead for Bitcoin (BTC). The incident took place at the University of Kent, London.

The BTC Mugging

A freshman was about to start his college in the University of Kent, full of many dreams and positivity. However, all his postivesness was short-lived. About, just 5 days remaining for him to start his course, the freshman was talking to one of his school friends about cryptocurrency and other such related stuff.  

Furthermore, at the end of the conversation, the school friend said a few of his friends from East London will be visiting him soon. In spite of this, the freshman got quite suspicious and scared. 

Moreover, the very next day, a gang of about eight anonymous people came to his dorm room. In addition, all had knives with them and threatened the freshman to reveal his crypto wallet passwords and wallet addresses. 

As a result, terrified by the act, the freshman handed over his passwords and wallet addresses. Once the thieves got what they wanted they left immediately and along with them BTC worth $8.2K. 

Despite all these events, the freshman ran out to the camp security , then the police who however did not arrive at the scene though.

The Action of Police

In spite of this whole incident, the mother of the freshman expressed her agony. The mother reveals that no proper action was taken by the police and the police did not arrive at the crime scene that day. 

In addition, the mother claims that the University of Kent took no proper action, and just simply shifted the dorm room of the freshman to a more secure campus. 

Furthermore, it’s been about nearly eight months since the incident happened. Yet, the police too have not concluded anything on the case. Also, at present the case has been closed without any consent. 

Moreover, now the value of BTC lost by the freshman accounts to about more than $98K.

In spite of all this, the mother of the freshman warns other parents and fellow freshman students that this practice of mugging freshman , known as the ‘Fresher’s Fishing Week’ is profuse in London. Freshmen in London have to be safe and secure during those times!

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Bitcoin

GoldFinX (GIX) Skyrockets 1674% In A Day After New Partnerships

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GoldFinX (GIX) Skyrockets 1674% In A Day After New Partnerships