China to Cut Purchase Tax on Some Cars

Category: Credit Basics
Published: Monday, 19 October 2015
Written by Super User

SHANGHAI--China said Tuesday it will cut the 10% purchase tax in half on small cars in a bid to boost the world's largest car market, which is grappling with sluggish demand amid an economic slowdown.

The central government said the sales incentive on cars with engines no larger than 1.6 liters is aimed at boosting demand and will be effective between Thursday and the end of next year. Cars sold in China are subject to a 10% purchase tax as well as other duties.

More than 60% of China's car market is for vehicles with engines smaller than 1.6 liters, industry data show.

China's new-car sales have dropped into a slow lane after years of rapid growth. As the economy slows, the government has continued to crack down on corruption and more cities have curbed car ownership to reduce traffic congestion and air pollution. Latest official data show that China's new-car sales fell 3.4% to 1.42 million vehicles in August, following a 6.6% decline in July and a 3.4% fall in June.

China's largest auto maker by sales, SAIC Motor Corp. 600104 5.77 % , last month forecast zero growth in industrywide sales of passenger and commercial vehicles this year. The government-backed China Association of Automobile Manufacturers in July slashed its forecast for China's auto market in 2015 to a 3% gain, from a prior estimate of 7% growth.

Car manufacturing is a pillar of China's economy, accounting for more than 10% of the country's gross domestic product, according to the statistics bureau.

The last time China lowered the tax for small cars was in 2009, when the global financial crisis took a toll on auto demand. That prompted a 53% surge in passenger-car sales that year, which helped China supersede the US as the world's largest auto market.

Hoping to rejuvenate the economy, China's central bank in August cut interest rates for the fifth time since November and lowered for the third time the amount of deposits banks must hold in reserve. The People's Bank of China also slashed the required reserves that auto-financing and leasing companies must hold to improve demand for cars.

Rose Yu



Simple ways to eliminate credit card debt

Category: Credit Basics
Published: Monday, 19 October 2015
Written by Super User

People can get into debt for so many reasons, including emergency situations, serious ailments and unexpected job loss, etc. However, a majority of people fall into a vortex of recurring debt owing to improper usage of credit cards! It can be a slippery slope for some users who cannot fathom out the way to get rid of the debt, in fact. It can be intimidating for the majority, but it is not impossible to get out of credit card debt.
With proper planning and resorting to some measures you can step out of such debts. Below listed are a few simple yet proven methods to get rid of credit card debt.

Immediate Measures

When you are trapped in a deep vortex of debts caused by credit cards, taking a few immediate measures is helpful. These steps will help you get a breather.

Analyze your balances, fees and credit card interest rates, to begin with. This is helpful when you use more than one card. You need to have a clear look at the financial situation before you can resolve it. Go through the credit card statements and see which card has the highest rate of interest.

If you are dealing with several accounts, it is possible to transfer balance between them. Ideally, you should transfer balance from the card with higher transfer rate to one with reduced interest rate.

It is always easier said than done, but prioritizing credit card expenses does help when you are severely cash strapped! For example, cutting down on internet cost is possible if you switch to a lower bandwidth plan. Cutting down on dining out, drinking at bars is also possible. Use the saved money to pay off the due you owe to the credit card with the higher rate of interest.

You may also opt for debt consolidation. It means combining all your credit card debts into an accumulated payment. Choose a reputed debt accumulation service provider for this.

You can talk with your credit card company and ask them to lower interest rate. This may not be fruitful, always but you do not have much to lose anyway. If your credit score is decent they may eventually agree.

Long Term Measures

These methods do not bring results overnight, but if you implement and stick to them the end result will be positive.

You should start clearing debt to get rid of it. Simple as it sounds, this is effective to get rid of debts caused by credit card usage in the long run. Pay a minimum balance on every card you own and use.

You may also stop using credit card for each and every purchase. Sometimes, small expenses like recharges and grocery payments are better to pay off with cash than a card. Limit card usage for buying appliances, products that carry a hefty price tag. Use the card for paying monthly bills that are quite necessary, not all.

Try to use credit cards that offer added advantages like cash back and reward points. While you will find such cards in the market, find out which add-ons are beneficial for your needs! For example, some banks offer credit cards that come with points that can be redeemed against fuel usage or online shopping. This will help you eventually spend less for regular needs.

Where it all leads to?

For controlling credit card bills and getting out of debt, there is no magical solution. If you make some basic plans and adhere to them, the results are bound to follow. Slow and steady approach is the best way to improve your situation.

(The content is contributed by Subodh Jain)



Names & Events

Category: Credit Basics
Published: Saturday, 26 September 2015
Written by Super User

Sept. 23-24 Students can learn how to set up documents through the MLA format in a NW Campus Bridge Program workshop 2-2:30 pm in WTLO 3411A. For more information, contact Bridge Program assistant Talisha Simpson at 817-515-7657.

Sept. 23-24 TR health services will provide free, confidential HIV testing for students 11 am-2 pm Sept. 23 and 2-5 pm Sept. 24 in TREF 1312A. Appointments are encouraged, but walk-ins are accepted. Students should allow 30-45 minutes for a testing session. For more information, contact health services coordinator Angela Virgin at 817-515-1059.

Sept. 23

TR health services continues its Carter BloodCare blood drive with a mobile unit in the TRE parking lot 9 am-4 pm

Sept. 23 TR students can learn practical skills for managing finances and spending money responsibly in Know Before You Owe 11 am-2 pm on TRTR Main Street. Four presentations about resources available on and off campus will be held in the Riverfront CafÃ. For more information, contact student development assistant AJ Duron at This email address is being protected from spambots. You need JavaScript enabled to view it..

Sept. 23 The NE advising and counseling center will hold the second of five financial literacy workshops for students Credit Basics: How Money Works will be 3:30-4:30 pm in the Community Room (NBSS 1103). This session will discuss the importance of credit in the world today. For more information, contact special services coordinator Ronda Isaacs at 817-515-6244.

Sept. 24 The NW Bridge Program will hold a workshop over learning the MLA format 2-2:30 pm in WTLO 3411A. For more information, contact Bridge Program assistant Talisha Simpson at 817-515-7657.

Sept. 24 NE student activities will host the first of five student success seminars. What Is College All About? will take place 12:30-1:30 pm in the Darlage Center Corner (NSTU 1615A). Students will learn new insights into college life. For more information, contact student activities coordinator Cara Walker at This email address is being protected from spambots. You need JavaScript enabled to view it..

Sept. 24 NW career services will begin its JOB Series over resumes and cover letters 12:15-1:15 pm in WSTU 1406. The workshop goes over the format and writing styles for both resumes and cover letters. For more information, contact career services at 817-515-7785.

Sept. 25, 30 The SE library will show free screenings of Ken Burns’ The Dust Bowl as a part of its Dust, Drought, and Dreams Gone Dry: A Traveling Exhibit 10 am-3 pm Sept. 25 and again 5-9:30 pm Sept. 30. For more information, contact library services assistant director Tracey Minzenmayer at 817-515-3388.

Sept. 25 TR students can attend the 27th Leadership eXperience Summit: Diversity in Leading 12:30-3:30 pm in Action Suite A. Community activist Eva Bonilla will speak about the most helpful leadership lessons she has learned. After the keynote speech, breakout sessions will give students a chance to learn more about leadership skills that interest them. Interested students should RSVP to http://tccd.student-hub.com. For more information, contact TR center for leadership development coordinator Stevie Blakely at This email address is being protected from spambots. You need JavaScript enabled to view it. or at 817-515-1330.

Sept. 25 NE student ambassadors will host its first fundraising Car Smash event noon-3 pm at parking lot E by the tennis courts. Students can release stress by smashing cars while listening to music. All of the money raised will sponsor other charitable events that take place throughout the year. This event costs $1 per smash per car, or students may stare for free. For more information, contact student ambassador president Quynh Nguyen at This email address is being protected from spambots. You need JavaScript enabled to view it..

Sept. 28 SE student activities will hold Bank Day in the SE Commons. Attendees will be offered information about local banks’ services, promotions and other financial information. Contact the student activities office for more information at 817-515-3084.

Sept. 29 The SE North Ballroom will host An Environmental History of The Dust Bowl, a discussion on the environmental factors that caused the 1930s drought. Christopher Morris, University of Texas at Arlington history professor, will speak as a part of the Dust, Drought, and Dreams Gone Dry: A Traveling Exhibit. For more information, contact library services assistant director Tracey Minzenmayer at 817-515-3084.

Sept. 29 NW career services will host a volunteer and service learning fair 9:45 am-12:45 pm in the WSTU hallway. Students can meet with nonprofit organizations and learn ways to volunteer throughout the community. For more information, contact career services at 817-515-7785.

Sept. 29 TR students can attend Clublife Workshop: Meeting Madness to learn how to lead an effective club meeting 2-3 pm in the Idea Store. For more information, contact student activities coordinator Eddie Brassart at This email address is being protected from spambots. You need JavaScript enabled to view it..

Sept. 29 NE student activities and Phi Theta Kappa will host the second of the Student Leadership Academy sessions 12:30-1:30 pm and 6-7 pm in the Galley (NSTU 1506). Students will discuss the philosophy of leadership and how it pertains to the world today. Lunch and dinner will be served. For more information, contact student activities coordinator Cara Walker at This email address is being protected from spambots. You need JavaScript enabled to view it..

Sept. 30-Oct. 1 The NW Bridge Program will teach a workshop on editing and writing 11-11:30 am in WTLO 3411A. The workshop focuses on identifying and revising fragments and run-on sentences. For more information, contact Bridge Program assistant Talisha Simpson at 817-515-7657.

Oct. 1 NE career services will host an employment networking event 10 am-2 pm in the NSTU hallway. Two Minute Commercial will show students how to pitch effectively to potential employers. For more information, contact NE career services at 817-515-6692.

Oct. 2 The SE library will present Backyard Conservation on how to improve the health of a yard 11:45 am-12:40 pm The event is a continuation of the Dust, Drought, and Dreams Gone Dry exhibit. For more information, contact the library reference desk at 817-515-3084.

Oct. 3 The SE library will hold a viewing of the documentary Ken Burns’ The Dust Bowl 10 am-3 pm as a part of its Dust, Drought, and Dreams Gone Dry exhibit. For more information, contact library services assistant director Tracey Minzenmayer at 817-515-3388.



580 Credit Score Interest Rate For Auto Loan

Category: Credit Basics
Published: Saturday, 15 August 2015
Written by Super User

Apr 4, 2007 The auto score isnt the only industry-specific score FICO sells to businesses. The company also sells a mortgage score, a medication

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