Its that time of year again, and homeowners from coast to coast are feeling the pinch in their pockets from the financial stress of the holiday season. Retailers across the country are reporting record breaking consumer spending, and in the era of big ticket items like the Ipod and HDTV, its easy to see why consumer credit card debt has reached an all time high. All of this spending is occurring at a time when the average Christmas bonus doesnt cover quite as much as it di…
Use Your Credit Card Sensibly
A credit card is a wise option if you wish to make frequent purchases and keep a track of your expenses. The facilities could even be used to postpone payments on certain articles, thereby earning more interest on your money. It enables you to shop without carrying large amounts of money, thus eliminating the risk of theft. However, the credit limit on the card should be used sensibly, to avoid a bad credit rating.
The Ultimate Debt Consolidation Refinance
This week, I’d like to share some customer experiences with one of the most popular new strategies in debt consolidation refinance. Over the last few months, a select few in the mortgage banking industry have developed programs which allow borrowers to accomplish the 3 greatest goals of debt consolidation: Get Cash to Pay Off High Interest Debt, Lower the Overall Monthly Minimum Payment, and Boost Cash Flow to allow borrowers to save up money in a short amount of time. The be…
The Benefits Of Cash Back Credit Cards
Cash back credit cards offer customers cash benefits on certain purchases. The offers differ for different cash back credit card companies. Some offer higher rewards on purchase of selected items while some provide benefit on almost any purchase. Cash back credit cards are an alternative to saving money. The cash back credit card users benefit from the cash refund, on spending a particular amount.
Hybrid Option Arm Mortgages
The reality of todays market is that interest rates are higher than rates from the past few years. What this means for first time homebuyers, real estate investors, and property owners with adjustable rate mortgages is that monthly payments for the traditional 30 year mortgage are becoming more and more of a financial burden.
Credit Card Late Fees – How To Avoid Them
Credit cards have become a common means of paying bills. It is very convenient because you need not make any cash payments from your pocket. Though credit cards are easy to use, they come with a fee that is charged by the credit card company. It is advisable to pay credit card fees on time because being late will cost you a lot of money.
Car Loans
Buying a new car is one of the single biggest purchases most people are likely to make in their life. Other than their home and maybe their education, there is not really much personal expenditure that can compare in size to the purchase of a new car
Minimum Monthly Credit Card Payments On The Rise
It is estimated that more than 40% of Americans carry a revolving balance on at least one credit card. This is an enormous number, and it is caused primarily by the security people feel in making minimum monthly payments. When you charge money to your credit card, you are only required to make a small monthly payment to keep the debt from entering into collections, which means that a purchase made in 1995 might still be carried on a credit card in 2006.
Under pressure from…
Minimum Payment on Credit Cards Bad Idea?
Are you quite happy paying off the minimum amount every month on your credit card bill? You may be unaware of the actual amount you are paying off towards your debt. Most off your payment will go towards the interest owed leaving your debt and further interest charges to accumulate further.
Reduce The Costs Of Your Credit Cards
Statistics show that the average American family owes over $8,000 in credit card debt. This is a huge amount of money, especially when you consider the fact that most Americans make about $33,000 per year.
Increased Credit Card Payments Helping You Keep Up
In the past, credit card payments have always been fair, a small percentage of the total balance owed. A new change has recently been proposed by the government that may change this.
Credit Cards and Minimum Payments Living in Debt
Many people love their credit cards. Its a fact of life and the figures bare this up. If you look at the rate at which UK credit card debt is rising it is quite amazing.