|
|
|
Credit Report Disaster Through Mistaken Identity
I've got some very important info I want you to think very seriously about. I'm sure by now you've heard of Identity Theft,...heck you may have even been affected by it. I know many of my friends have. But how about what may potentially be even a...
How to Give a Great Speech
As a former owner of a National Speakers Bureau, I have learned from several thousand professional speakers "How to Give a Great Speech." Here are some techniques that I share with my coaching clients who want to become paid professional...
The Worst PR Mistakes
For a business, non-profit or association manager, they could be fatal, coming as they do in four bitter flavors. Mistake #1 – You limit your PR activity pretty much to placing product and service plugs on radio and in newspapers. Mistake...
What is a Bridging Loan?
A bridging loan as the name implies is a loan used to “bridge” the financial gap between monies required for your new property completion prior to your existing property having been sold. A bridging loan is in simple terms a short-term mortgage...
You've Got Mail
It seems that Google is revolutionizing the Net in more than one way. Recently they announced that they will be offering a free email service called Gmail. It will offer its users 1GB of memory space. Now that is a lot of space for anybody to...
|
|
| |
|
|
|
|
|
|
Top Ten Tips Pitfalls of Credit Cards
Dodging through the Hazards and Ensuring YOU Have the Right Deal
A credit card can be amongst the most important tools you’ll ever have at your disposal. By offering you easy, flexible and sometimes relatively cheap spending power it can be used to spread the costs of home essentials, the occasional luxury, or sometimes just to plug the gap ahead of pay day. Used incorrectly, however, and it can lead to a stream of debt problems that can take over your life.
Common sense is the most important ingredient when dealing with financial products. Apply this and a little restraint and you should be okay. Nevertheless, the multitude of advice on offer can be overwhelming. Who, exactly, do you listen to? To simplify matters, and make it easier for you to get the best deal possible, we’ve compiled our top ten tips for steering past the hazards and ensuring YOU have the right credit card deal.
1) The first and most important thing to understand before you even consider any financial product – particularly a credit card – is this: You must have income sufficient to pay your current bills and overheads PLUS any new financial undertaking. Don’t be taken in by the polished words of a lender’s marketing literature: it’s an assessment only you can make.
2) Be smart and be cautious. If only credit cards with a high rate of interest are available to you, don’t go mad with spending on them. Use them for small purchases and pay off the balance in full at the end of every month. That way you minimize interest payments, but also – by paying back in a timely manner – you prove your worth as a lender and boost your credit rating. This will enable you to get lower APR on future credit card deals, and boost the chances of larger credit lines being made available, such as auto loans and mortgages.
3) The very nature of borrowing means that interest increases over time and if it isn’t dealt with promptly, it can spiral out of control and land you in trouble. Particularly with credit cards, when interest payments are large, and a minimum payment offers a seemingly manageable solution it can lead to unmanageable debts if not attacked properly. What actually happens if you just pay the minimum payment is this: the balance is barely eroded and might take many years and many dollars in interest rates to disappear. You need to adopt a radical approach, where chunks of debt are eaten away each month.
4) If you have a large outstanding balance, don’t just let it sit there attracting large interest charges. Consider a credit card balance transfer to a lender offering a lower rate of APR. This will mean you spend less on interest payments
each month and start to attack the overall balance with real venom.
5) A large balance and no immediate prospect of paying it off can be a nightmare. Don’t just pay the minimum payment each month – this is playing into the hands of the credit card company. Consider taking out an unsecured loan as a way of consolidating your debt. Personal loans can give you a consistent cheap debt, and as you must make the repayments each month, it helps provide structure to your repayments. Those with poorer credit scores might not always get the best rates, but it’s still often a cheaper option than paying back credit card debt each month, and even in the long term a faster method of repayment.
6) If you feel you might be in trouble with credit card borrowings, don’t feel stigmatized by your debt woes and don’t bury your head in the sand. Help is at hand should you seek it, and a solution is never far away.
7) If you have a poor credit record, the sad fact is that you’re most vulnerable from the unscrupulous machinations of rip-off lenders. Be wary of "special deals" touted for credit cards for borrowers with poor or no credit history, especially if they're being offered by small-time lenders. Poor credit deals often involve inflated interest rates and onerous repayment terms.
8) If you have a large outstanding balance, but money in the bank – use your cash! It might sound obvious, but the interest paid on savings is usually far less than interest charged on borrowing, so paying off debts with savings makes plenty of sense.
9) There’s a vast array of different cards on the market – not just credit cards. ATM cards, charge cards, even different types of credit cards can be confusing to many consumers. Make certain you know what you’re letting yourself in for before applying. The wrong financial product can be a costly mistake.
10) Remember: If it sounds too good to be true, it most likely is.
So long as you’re sensible, however, there should be nothing to worry about. If you’re aware of some of the pitfalls; are cautious, without being too wary; and mindful of the commitment you’re entering, you’ll be fine.
For many people, credit cards provide sensible short term, flexible lending, that’s both cheap and convenient. You should always try and proceed carefully, but tens of millions of Americans use credit cards cheaply and conveniently every year. With a little common sense, you too can be one of them.
Ethan Hunter is the author of many credit related articles. If you are looking for help with Home Loans or any type of credit issue please visit us at http://www.creditcardunlimited.com
|
|
|
|
|
| Finance - Leases-Leasing Ezine Articles |
| EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
| ezinearticles.com |
|
| Finance: Leases Leasing Articles from EzineArticles.com |
| http://ezinearticles.com/?cat=Finance:Leases-Leasing Free Content For Your Ezine or Website http://creativecommons.org/licenses/by-nc-nd/2.0/ Why use your ... |
| ezinearticles.com |
|
| Leases Leasing - Money & Finance Articles |
| Leases Leasing - Money & Finance Articles. Money & Finance | Accounting & Payroll | Bankruptcy | Business & Loans | Credit Tips | Currency-Trading ... |
| www.article99.com |
|
| Finance » Leases Leasing » Absolute Article Directory |
| Absolute Article Directory: Finance, Leases Leasing. |
| www.absolutearticle.com |
|
| - Leases-Leasing |
| By David Springer | On January 29, 2006 | In Leases-Leasing | Rated. Short on cash, but need equipment? Consider leasing what you need. ... |
| www.articlebar.com |
|
| Leases Leasing |
| You are here: Article Directory arrow Article Directory arrow Finance arrow Leases Leasing ... Leases Leasing. Articles ... |
| www.rumorist.com |
|
| Long Term Car Rental Italy Auto Rentals Leases Leasing Rome Milan ... |
| Long Term Car Rental Italy Auto Rentals Leases Leasing Rome Milan Florence One Way Paris London Frankfurt Madrid Lisbon. |
| www.ideamerge.com |
|
| europe car rental leases leasing one way rentals long term renault ... |
| pictured is the Renault Laguna Estate, With Renault tax-free, short-term auto leasing you get the exact, brand-new vehicle you reserve, plus unlimited miles ... |
| www.ideamerge.com |
|
| Private Fleet - Finance, Insurance, novated leases, leasing, CHP ... |
| New Car Broker Australia. Private Fleet sales discounts on your new car purchase, no haggle, no hassle saving $1000s off all new and used cars for private ... |
| www.privatefleet.com.au |
|
| Projector Leases, Leasing Companies for LCD, DLP, LCOS projectors |
| Projector leasing programs and services. Choose a company. |
| www.projectorcentral.com |
|
| Category: leases-leasing |
| Category... leases-leasing. Results 1 - 3 of 3. Search took 0.01 seconds. Page 1 of 1. Buy or Lease: Which Automobile Transaction is Better? ... |
| www.articler.com |
|
| John Dellagnese & Associates: offices, officespace, lease, leases ... |
| It takes two companies to bring you the premier Corporate Property Development group in Northeast Ohio: the talents of John Dellagnese and Associates ... |
| www.dellagnese.com |
|
| John Dellagnese & Associates: offices, officespace, lease, leases ... |
| Welcome to our Tenant Login Page. * Forgot your password or haven't received one yet? Email us tinah@dellagnese.com or call 330-668-4000 and we will reply ... |
| www.dellagnese.com |
|
| The-Arts-Magazine.com - Leases-Leasing |
| Home arrow Article Links arrow Finance arrow Leases-Leasing. Main Menu ... Mosets Tree. Leases-Leasing. Listings. There are 0 listings in this category. |
| www.the-arts-magazine.com |
|
| OmegaMotors.com - Your Money - Leases - Leasing Overview |
| Blue Book retail & trade-in value reports on used vehicles. Kelley features prices on used cars, trucks, street and dirt bikes, ATVs, scooters, ... |
| www.omegamotors.com |
|
| Entertainment Guide - Leases-Leasing |
| Sunday, 03 December 2006, Home arrow Article Resources arrow Finance arrow Leases-Leasing ... Mosets Tree. Leases-Leasing ... |
| www.entertainment-resource-directory.com |
|
| - Leases-Leasing |
| Mosets Tree. Leases-Leasing. Listings. There are 0 listings in this category. spacer.png, 0 kB. spacer.png, 0 kB. download joomla modules download joomla ... |
| www.healthcare-resource-guide.com |
|
| FINANCEDEPARTMENT.COM- Finance, Mortgages, Leases, Leasing ... |
| Finance, Mortgages, Leases, Leasing, Brokerage Houses, Mortgage Lending. |
| www.financedepartment.com |
|
| vehicle leases leasing guide and facts |
| vehicle leases leasing guide and facts. Under the federal Consumer Leasing Act, you, the consumer, have a right to information about the costs and terms of ... |
| www.shopperfavorites.com |
|
| - Leases-Leasing |
| spacer.png, 0 kB. spacer.png, 0 kB. Home arrow Article Resources arrow Finance arrow Leases-Leasing. Mosets Tree. Leases-Leasing ... |
| www.cars-directory-guide.com |
|
|