Most people have debt of some sort. It does not necessarily mean a problem. The real estate market would be virtually non-existent without mortgages that tend to be long term, up to 30 years, at a rate which reflects the current economic climate. If rates are low it certainly makes sense to look at a fixed rate mortgage as the easiest way to budget. If the rate is flexible then things can obviously change, up and down. The fact that real estate is a good medium to long term investment means that the mortgage is good debt; you will be able to build up an asset as a result. Student debt is probably positive debt as well. Interest rates are not onerous and repayment can be deferred until you are working and able to do so. If you graduate your prospects will improve and funding your education will have been […]
Not enough people take about the benefits of using short term or non-collateralized loans. If you’re thinking about getting a short term loan but can’t decide yet, you might want to read some of these benefits so that you can decide whether a simple loan is right for you or not. Here they are: Speed – In the past, if you needed to borrow money you’d have to wait at least a couple of days before knowing whether you’ve been approved for a loan and then maybe another week or two to actually receive the money. However, thanks to simplified loans things have improved.
Upon hearing the words ‘credit card’, some people instantly think about debt. Whilst it’s good to be a little cautious about lending money, as this is what makes a responsible and sensible consumer, you should know that there are many ways in which some credit cards can actually be pretty helpful. In some ways, credit cards can be better than cash. Let’s take a look at a few: Credit cards allow you to spread the cost of a large purchase
Here are 6 Credit Cards Great For Rewards 1. Capital One Venture One Rewards Credit Card This excellent rewards credit card contains no annual fee, and you can redeem miles for hotels, airline tickets, rental cars and merchandise. You can transfer balances for free, and the card offers $0 fraud liability. When you spend $1000 during the first three months, you will receive an additional 10,000 miles. Miles do not expire, and no blackout dates apply. 2. Chase Freedom Visa
If you are in serious financial difficulty you may be worried about facing Sequestration, this is the Scottish equivalent to bankruptcy. This is understandable in cases of serious debt if you don’t feel you are able to repay this in full; however Sequestration may not always be your last resort. A Trust Deed from Your Debt Expert may just be the alternative to sequestration you need in times of serious debt problems. A Trust Deed, like Sequestration, is a form of financial insolvency and can write off a large portion of your debt.
This guest post was written by Jason Bushey. Jason writes about credit daily on Creditnet.com. If you were a little overzealous at the checkout counter this holiday season, you might be a little down on yourself come December 26th when the reality of your frivolous holiday hits.
While it’s no secret that credit card companies earn billions of dollars of revenue each year from the merchants and cardholders that they service, most people don’t know that credit cards can actually help out charities pretty significantly. Certain credit card issuers are more altruistic than others, and certain credit cards make donating to charities cheaper and easier than others. This article will outline what you need to know if you’re interested in ensuring that you are being charitable with your credit card usage. Capital One Credit Cards
Cell phones at one point were only used to send and receive calls. Now, you can run a business practically from your mobile device. Maybe you own a business, or need a reliable way to accept credit cards and payments while selling furniture out of your home? Here is a overview of some mobile credit card processing services, and how your business can benefit from them. Most mobile credit card processing services are not only easy to setup, but the start-up cost are usually free or minimal. Some of the services such as Square take out a percentage of each one of your transactions (i.e. Square receives 2.75% per swipe). The great thing about having a service like this is that everything is fast, easy to use, and very organized to run like a legitimate business. Let’s say for example, you sell your friend a record player. He can swipe […]
Five common mistakes that people make with their credit cards and how you can avoid them.
New credit card statement infographic from Five Cent Nickel.
In February 2010, the Credit CARD (Card Accountability, Responsibility and Disclosure) Act passed late last year in the United States took effect. The Act includes a number of provisions that will change life for consumers. For me, it came to life this week when I went online to retrieve my credit card statements. For one thing, all of my bills were ready at the same time! I have four cards, with two issuers, that we’ve been charging a little on each month to keep them open — this month, I noticed all the bills came at the same time. And the statements looked different. If you haven’t checked yours out yet, here’s what I found, with some highlights from each style of bill.
These days, credit card lenders are eager to impose fees and raise interest rates to protect their income streams in the face of credit card reform. But you can fight back … by asking nicely. I usually use credit cards and pay off my statements monthly. But on my business credit card, I occasionally carry a small balance from month to month. I also receive my credit card statements by e-mail, and pay the cards online, to save time and paper.
Have you noticed anything strange about your credit cards lately?
If you’re like many people, where the credit card issuers once were falling over themselves to stuff your mailbox full of unsolicited credit card offers, now the letters are informing us of grimmer matters ….
This month, I’ve done my share of complaining. Don’t get me wrong, I’m a world-class complainer. I’ve gotten some fees knocked down without even meaning to — but along the way,I’ve seen the good, the bad and the ugly about addressing problems with a service. The good:
In 2007, we followed several finance rules, including living within our means and making more! I can still feel cheerful about the latter before the tax bill becomes clear in the next couple of months. We achieved several goals:
Back in September, I heard about a great deal for an employee referral offer from Sprint: Wireless service with 500 minutes and unlimited data for $30 a month. That’s a few bucks better than my gazillion-minute “legacy” plan with Qwest, which had no data service.
Remember that sentence you read way back when in that one financial planning book about being prepared for contingencies … and how you promised to go buy life insurance that minute? And how then you went to a movie and — oh, was that eight years ago already?
This week, the Dear College Girl blog reports on changes to college funding options for students. Pell Grants (for broke-r students) have new maximums, and interest rates on need-based student loans will be cut in half gradually over the next four years. In addition, the new laws include loan forgiveness for certain professions (like teaching and firefighting) after 10 years of service. Dear College Girl links to a New York Times article for more details. Thank your Congressperson, and watch the news for more info. Is your house an investment? The debate goes on at Free Money Finance — with some added information from Money magazine. Read the comments on this one for details on both (all?) points of view. I view my home as an investment in the sense that if I pay it off, I can be house-payment-free in my achy golden years. Or I can do as […]
We’ve all heard the phrase “Keeping up with Joneses.” You might even be familiar with the reinvention of this phrase in “The Millionaire Next Door” or Dave Ramsey’s financial advice, both of which suggest we not keep up with the Joneses, since people flashing their financial status may be deep in debt — and we’ll be in the same fix if we try to compete. Do you feel like you have enough money? Are you satisfied with what you earn? Can you pay the bills? Can you live within your means?
It’s back to school time here, and my daughter has returned to her (private) school for the year. At her urging, we signed up for her to buy hot lunch every day. The cost? A painful $60 a month. I had an e-mail conversation with a friend about this topic, and she jokingly threatened to “out” my lack of cheapness on this blog, so I figured I’d better do it first.