If you are saddled with debt that you want to pay off, there are a few options available. One of those being, a home equity loan. If you are willing to put your home at risk and have the discipline to pay the money back, this might be a great idea. The advantage to this...
If you’re searching for a way to get rid of credit card debt, avoid going into your retirement savings. Anytime you touch the tax-advantaged retirement savings, you are taxed. So, you end up losing a lot more money. You’re going to have to pay the penalty of the 10 percent penalty for early withdrawal, and...
When you’re in credit card debt, you may be searching for a way to get out of it fast. The option of a payday loan might come to mind. The purpose of a payday lender is to offer a solution for short term emergencies. They aren’t meant to be a long-term fix for credit card...
If you’re swimming in a sea of credit card debt, you may feel desperate to get out of it by any means necessary. You’re going to get tons of ideas on how to escape. But, not all of them are going to be the best idea. One common way people try to get out of...
To pay in full or not to pay in full….that is the question when it comes to credit cards. Because in reality, you have a choice. Each time you make a purchase with your credit card, you are borrowing money. But, because you aren’t required to pay it back in full right away it may...
Read your credit card agreements carefully, because the contract is binding. Once you sign, you have entered into a legal contract where the terms of the contract include: • Credit limit. This is the maximum amount you may charge, and it includes interest and fees. • Annual percentage rate (APR). This is how much is...
When people get credit cards, some may be under the impression that the Visa or MasterCard logo on the front represents the company responsible or the card. That’s not true. Visa and MasterCard are only the companies who process the payments for the card companies. These cards facilitate electronic funds transfers throughout the world by...
When choosing a credit card, there are some things you should consider. For instance, having just a few general-purpose cards will suit most people’s needs. Some of those general-purpose cards may include store credit cards. Here are some things you should consider before signing up for a store credit card: •Go with who you know:...
Credit card companies flood college students with credit offers. It may not be a great idea to act on them, but if you do you should be equipped with the best information out there so you don’t make the same mistakes others have made. The biggest mistake people make with credit cards is that they...
Getting a credit card for the first time is exciting. A company has essentially trusted you with a certain amount of money and if things go right the two of you can have a long a mutually beneficial relationship. But, as a new borrower there are some terms you should probably be aware of, so...
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