jump to navigation

Save Money On Interest Expenses With Low Interest Credit Cards October 17, 2008

Posted by Vedis in : Credit Cards , comments closed

Do you always hear that if we pay off our credit card balance every month and only spend what we can afford to spend , we can avoid interest expenses and finance charges? It’s like getting an interest-free loan. Isn’t that a great way to save money?

However, how many of us can actually do this? According to studies, many people with credit cards pay just the minimum amount every month, and roll over the rest to pay the following. Then next month, we roll the charge over yet again. That means we pay interest on our loan, every month. Plus,we pay interest on the interest we owe !

Isn’t there a way in which we can save money on our credit cards? Fortunately, there is. You can look for low interest credit cards offering 0% Interest or APR for up to 12 months on all purchases and balance transfers.

The length of your introductory period will be either 12 months for purchases and balance transfers or 3 months for balance transfers only, depending on the review of your application and credit history.

Remember though, the BEST way to save money is to pay off your cards monthly. But for the rest of us who carry a balance, getting a low interest credit card or a credit card with a low introductory rate is one way to save you money in interest expenses.

How To Save Money On Interest Expenses? March 24, 2008

Posted by Vedis in : Credit Cards , comments closed

We have heard a lot that if we pay off our credit card balance every month and only spend what we can afford to spend , we can avoid interest expenses and finance charges. It’s like getting an interest-free loan. Isn’t that a great way to save money?

That would be a great idea. But how many of us can actually do this? Studies show that many people with credit cards pay just the minimum amount every month, and “roll over” the rest to pay the following.

Then next month, we roll the charge over yet again. That means we pay interest on our loan, every month. Plus,we pay interest on the interest we owe !

Isn’t there a way in which we can save money on our credit cards? Fortunately, there is. Look for low interest credit cards offering 0% Interest or APR for up to 12 months on all purchases and balance transfers. The length of your introductory period will be either 12 months for purchases and balance transfers or 3 months for balance transfers only, depending on the review of your application and credit history. (more…)

Congratulations ! You’ve Got A Loan ! May 31, 2007

Posted by Vedis in : Loans , comments closed

I have to admit that getting a credit card and loan has been very easy. Even if you don’t apply for a loan, you will be called and congratulated that you have been successfully eligible for a credit card or a loan.

Unbelievable, ya ? It did happen to me last month. One of the banks called me and told me that my card was upgraded to Gold Card ! Wow… and hey, I had been longing for a Gold card !

Well, I would jump at the chance if it was before my debt elimination program.

” Ms Teh, would you like to activate your account now ? ” asked the officer politely.

I had the impulse of saying ‘ YES ‘ at that moment. However, I found myself saying ,” Let me consider first. I will get back to you if I want to activate it.”

Can you believe it ? I turned down the offer. I am glad that I have done so. I have already been loaded with $60,000 credit card debts ! But, the story did not end there.

The next day, the officer called again. This time, I was offered a personal loan of $2,000 at an APR of 9.88 % . I know this is also called unsecured loan as I have been reading a lot of information and articles on loans, comparing loans online, mortgages and last but not least, credit cards.

The idea of unsecured loans or personal loans is that you can borrow money without the risk of your personal assets being up for repossession should it all go wrong.

It is an undeniable fact that many people are trapped with credit card debts and loans. It is my belief that a lot of these people have had bad credit history. I have had a few personal loans as they generally offer lower interest rates. It is pleasing to see that unsecured loans are more accessible nowadays.

Look to the right sidebar – $58,961 ! I am cutting down my debts gradually. I am on the right path to debt free life, are you ?

Have you made up your mind to get out of debts ? If so, read more articles provided by websites like Loanwize daily to keep yourself away from being ignorant.

Where To Get The Best Secured Home Loans ? April 30, 2007

Posted by Vedis in : Loans , comments closed

Buying a house is easy, but choosing the best home loan does require a considerable amount of time and efforts.

I remember when I bought my first house, I basically ran from one bank to another bank to get the details of application and home loan quotes.

We were dissatisfied as we only managed to compare a few banks. Comparing loan quotes is still not as easily accessible in Malaysia if compared to secured loans UK.

With just a click, there are more than 200 secured home loans by UK’s biggest specialist lenders like HSBC, Barclays and Natwest.

Remember, people now are pressed for time. They’ve a thousand and one things to do. With the advent of internet, everything has become so easy and fast with just a click away.

It just takes a few minutes to complete the details on the online form and you will be able to find the very best deal. You will be contacted within the hour to complete the application and helped find the best loan for you.

It’s as easy as that to get your quote now at AdvanceStart.com. After reading detail information to compare secured home loans, I finally figure out what APR (Annual Percentage Rate) is.This is the most obvious place to start when you compare loans.

What about Loan Origination Fees ? Well, another place to look for differences is by the fees charged by the lender. Those might include closing fees and origination fees, and even early repayment penalties.

Frankly speaking, I was not told about this when I got my first home loan.Is it likely that I was told by the bank but I didn’t pay attention to it ? Well, we Malaysians do not lay stress enough on those small prints in the forms and agreements.

By understanding what APR and Loan Origination Fees, I know what I should do when I apply for the best secured home loan for my next house.

OK..you guys know that I have been struggling with bad credit of $60,000 and I should actually look for debt consolidation instead.

If what you want is shopping for the cheapest secured loans, bad credit secured loans, fast secured loans or probably best rate secured loans, equip yourself with comprehensive information about loans .

I got my copy of personal financial guide here for free and read through thoroughly. Don’t you think the information will come in handy in future when acquiring your home loan?