October 13, 2009
Posted by: admin : Category:
Credit
Credit card jumping has become a common practice. The term refers to the habit of moving debt balances from card to card to take advantage of preferential rates. But just how worthwhile is credit card jumping for consumers?
UK consumers have staggering levels of debt. Consumer borrowing has grown by more than 50% in five years. It’s no wonder that people are looking for new ways to ease the debt burden. Credit card jumping offers one possible solution.
Money Saving Device
People who are carrying large amounts of debt can save hundreds of pounds in interest simply by taking advantage of the latest credit card balance transfer deals. Many of these offer a 0% interest rate for a fixed period, such as three, six, nine or even 12 months.
As well as transferring balances from other credit cards to a 0% credit card, consumers are sometimes able to transfer balances from store cards and even outstanding loan amounts. It is worth checking to see if these transactions also benefit from the 0% balance transfer rate.
Read more…
September 26, 2009
Posted by: admin : Category:
Mortgage
Discussions of mortgages often focus on interest rates, but there is a much more basic decision to make. Should you go with a 30 year mortgage term or a 15 year mortgage term?
30 Year vs. 15 Year Mortgages
Any discussion of mortgages tends to turn on two points. How can you qualify for the most money with the lowest payment? How can you get the lowest interest rate for the mortgage? While these are two important issues, there is an addition one that people fail to consider, resulting in significant wasted money.
The term of a mortgage is extremely critical for a couple of reason. First, it sets the length of the obligation you are undertaking. Second, it defines the amount of interest you are going to pay over the life of the loan. These are huge issues when it comes to building equity.
Read more…
June 17, 2009
Posted by: admin : Category:
Credit,
Debt Consolidation,
Finance
Credit card does not have that luxury anymore, they almost demand. So, you will imagine many people going for credit cards. In fact, many people have more than one credit card. So, the credit card industry is growing fast. However, the credit card industry and credit card holders are posed with a big problem called ‘Credit Card Debt‘. To understand what ‘credit card debt’ which means, we need to understand the workflow associated with the use of credit cards as such.
Read more…
