Thursday, May 21, 2015

Short of cash? Short term loans cater for this predicament

If you are in short of cash and want to pay your hospital bills, electricity bills and other emergencies, payday loans are the best solution for you. It is is easy to qualify for a payday loan compared to all other types of loans. Anyone can qualify for this type of cash advance regardless of whether of how bad or good your credit rating is. Most lenders will only do prelimanry research of your finances and are more interested in your ability to repay the loan as agreed. How it works You will only need to give them your next pay check. Your next pay check will allow them withdraw their money direct from your account on the due day. About two thirds of the borrowers are not able to pay their cash advance loans in time. Their interest charges increase dramatically leaving them in more difficult situations than before. Lenders on the other hand make more profit from such consumers. There are so many lenders available online who offer short term loans not really to help people but rather to go after such consumers. How much can you borrow Cash advance loans only offer small amount of money unlike other types of loans such as banks and other lenders. Therefore, if you are in need of large amount of money, opt for other types of loans. The fact that payday loans are easy to get, many people get a tendency of using them than they actually ought to. In the end, they end up applying a loan after the other costing them a large amount of money. Lenders will never tell you the truth about the risk incurred if you fail to pay your loan in time. Your monthly income will limit the amount of loan you will get from a lender. You can hardly get a loan hire than your income. This makes it easier for you to pay the loan in due time and also avoid the cycle of being in debts. Cash advance loans have no restrictions and you can use the money for anything you wish. Payday loans do not need a collateral. With this in mind, many people go for these types of loans because they are not at risks of loosing their home and other valuable assets. HoweverFree Articles, you should always be keen with cash advance loans. Word of warning Only go for payday loans when you necessary need them. It is always important to compare lenders from different companies online to avoid paying high interest charges. You can also look for finances from friends and relatives before going for cash advance loans.

Sunday, February 23, 2014

TIPS TO FOLLOW BEFORE YOU MAKE AN ONLINE STUDENT CREDIT CARD APPLICATION

Students - Do you know what your credit card is truly costing you and how you can save money by making an online student credit card application for a card with a lower interest rate? Many students take out a student credit card without being aware of the hidden fees that many credit card companies are charging. In fact, if you don’t keep close tabs on your credit card, you may end up paying hundreds of extra dollars per year—without ever really knowing it! And if like most students money is tight and you’re trying to live to a budget, those hidden fees can add up! Let’s take a look at some of the most common credit card fees, and then talk about how you can avoid them. Grace Periods In the past, we could always count on grace periods before we ever had to start paying interest. For example, if we charged our card to the limit, and could get it paid off before the grace period expired, then it would be like a free loan—we wouldn’t have to pay any interest. Unfortunately, the credit card companies are making this harder and harder to do. For starters, many of them have reduced the traditional 30 day grace period to 20-25 days. If you hold a credit card, but didn’t realize this, then you’re likely paying interest without even knowing it! What’s worse is that more and more credit card companies are eliminating grace periods altogether. That means if you charged lunch today at noon, at 12:01 pm, you would be already paying interest on it. How about your credit card? You need to take a close look at the fine print and find out what kind of grace period you have. If your credit card company has reduced it significantly, or eliminated it altogether, you should seriously consider canceling it and getting a more user-friendly card. Late Fees When is the last time you checked to see what amount your credit card company charges you for a late fee? The truth is that these fees have doubled in just the past ten years, and that, combined with the reduced grace period, means that the credit card companies are raking in a lot of dough on late fees! If it’s possible, you should try and send off the check (or electronic transfer) the day that you receive your credit card bill. There are three reasons why it’s important never to be late. The first is obvious; you will want to do everything in your power to avoid a hefty late fee. Next, if you are late, it will likely be reported to the credit agency and you will have a bad mark on your credit report. The third is the direst, and we’ll discuss it below. Interest Rate Hikes Did you know that if you are late--even one time—on your credit card payment, the company will in all likelihood raise your interest rates? That’s right; one late payment gives them the right to do it. What’s more, that isn’t just limited to your credit card payment. Any late payments from any lender that show up on your credit report gives them the justification to raise your rates, so be careful! Key Tips For An Online Student Credit Card Application Stop paying high charges and interest rates. Find a 0 apr student credit card and look for introductory periods of 12 months for balance transfers and purchases. You should also be able to find a student credit card options with rebates on gas, grocery and other great rewards.

Sunday, September 23, 2012

Getting a credit card is a big responsibility

Owning a credit card can be quite an advantage. Whethermaking online purchases, booking an air ticket or a hotelroom on the phone or simply being in need of someemergency cash, having a credit card can be a big help.However, getting a credit card is also a hugeresponsibility and if you don't keep an eye on yourspending habits, credit cards can create some seriousproblems. Here is an excellent list of tips on propercredit card use and if you follow these, you will likelystay out of trouble and your credit card will be ablessing instead of a curse: 1. When you make a purchase with the credit card, itis akin to taking a loan from your bank. What youhave borrowed has to be returned - so do not borrow beyondyour capacity to pay it back. 2. Always be aware of your outstanding credit cardbalances. This will help you determine whether you canmake additional purchases. Even small purchases can reallyadd up to big balances and substantial interest charges. 3.Any credit card receipts should be kept until you cancompare them to your monthly statement. If you find anypurchases you did not make, or higher charges than those onthe receipt, contact your credit card company immediately. 4. don't give your credit card to anyone, not evenfriends and family. Its not that you cant trust thesefolks but it would be really difficult to track purchasesif you are not the only one making them. 5. don't ever borrow more than your ability to pay itback. If you do and consequently arent able to pay itback, it can hurt your future ability to obtain otherforms of loans such as home mortgages, car loans etc. 6. Pay your credit card bills on time or even beforethey are due. Doing so will not only help improve yourcredit scores, but also help avoid additional costsassociated with late payment charges and accrued interest. 7. Try to have your credit card bills paid in fullevery month. To ensure this, budget your credit cardpurchases on a monthly basis and then don't allow yourpurchases to exceed that amount. 8.Keep your credit cards for new purchasing. don't pay onecredit card bill with a different credit card. This willinevitably lead to more charging and higher balances. Connie Gutchrif is the President of FN Credit - An excellentresource for information on credit. To learn more, be sureto visit: http://www.fncredit.com Getting a credit card is a big responsibility Owning a credit card can be quite an advantage. Whethermaking online purchases, booking an air ticket or a hotelroom on the phone or simply being in need of someemergency cash, having a credit card can be a big help.However, getting a credit card is also a hugeresponsibility and if you don't keep an eye on yourspending habits, credit cards can create some seriousproblems. Here is an excellent list of tips on propercredit card use and if you follow these, you will likelystay out of trouble and your credit card will be ablessing instead of a curse: 1. When you make a purchase with the credit card, itis akin to taking a loan from your bank. What youhave borrowed has to be returned - so do not borrow beyondyour capacity to pay it back. 2. Always be aware of your outstanding credit cardbalances. This will help you determine whether you canmake additional purchases. Even small purchases can reallyadd up to big balances and substantial interest charges. 3.Any credit card receipts should be kept until you cancompare them to your monthly statement. If you find anypurchases you did not make, or higher charges than those onthe receipt, contact your credit card company immediately. 4. don't give your credit card to anyone, not evenfriends and family. Its not that you cant trust thesefolks but it would be really difficult to track purchasesif you are not the only one making them. 5. don't ever borrow more than your ability to pay itback. If you do and consequently arent able to pay itback, it can hurt your future ability to obtain otherforms of loans such as home mortgages, car loans etc. 6. Pay your credit card bills on time or even beforethey are due. Doing so will not only help improve yourcredit scores, but also help avoid additional costsassociated with late payment charges and accrued interest. 7. Try to have your credit card bills paid in fullevery month. To ensure this, budget your credit cardpurchases on a monthly basis and then don't allow yourpurchases to exceed that amount. 8.Keep your credit cards for new purchasing. don't pay onecredit card bill with a different credit card. This willinevitably lead to more charging and higher balances.