Category: Credit

Using Your Apps can be an “Interest”ing saving for you!

Posted by admin – May 23, 2011


After fighting the smartphone revolution for the past couple of years, many people finally gave in and decided to buy one, after all they are the new craze of the decade. iPhones have many useful features or apps as they are called that range from downloading music to paying monthly bills.

The new found interest of owning a one of the newest iPhones is an advantage for all sorts of reasons. Most people use their iPhone to download music meaning its basically being used as an iPod. After getting familiar with the machine, there is really a whole new smartphone world out there that a lot of people don’t realize.

When it comes to paying your bill, it’s not that there are not enough funds or anything, but beinga timely person plays a big part as most people…

Benefits of Using a Debit Card vs. Credit Cards

Posted by admin – May 11, 2011


Are there benefits to using a debit card vs. credit cards? Some say there are a few beneficial factors between the two. Many people carry their debit cards and credit cards around opposed to carrying cash, for one it makes it a whole lot safer, and for two you don’t have to worry about being short changed if you don’t have enough cash on hand.

Receiving rewards for using your credit card is the number one benefit rather than using a debit card. Although many banking institutions have started offering a rewards programme for the debit cards. These rewards can range anywhere from air miles to cashback. One of the major benefits of using a debit card is that the money is taken out of the bank account instantly. This makes for a smoother transaction, especially if there…

Crisis Loans with New Regulations from April, 2011

Posted by admin – March 31, 2011


Crisis loans are one of the most popular interest free loans offered by the government, colloquially known as “friend-in-need” loans. While the government’s crisis loans have been helping millions of Brits for many years till date, regulatory procedures are about to change, as the government is currently facing budget deficits.
The Department for Work and Pensions has informed us of new regulations for Crisis loans which will come into effect from the month of April, 2011.

Crisis loans are meant to aid those of low income who need emergency cash to meet essentials in their day-to-day life. Though crisis loans have been helpful to many in getting their emergency needs fulfilled, ranging from buying cookers to bedding, some of these benefits will no longer be available in the future.

The…

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Smart ways to Use credit cards effectively

Posted by admin – March 8, 2011


 

Though credit cards have become a necessary evil today and interestingly, no one is able to make this villainous creature to bow down and make way towards financial freedom. In fact, we voluntarily trap ourselves in the credit card spell and like lurking in it, though it most often turns painful in the later stage.

Even though credit cards have a cob web full of financial difficulties, there are some good reasons to hold credit cards and put them to use. Here are some tricks to use credit cards and make use of their soft spots to your advantage.

•    All credit cards have Rewards Points Program, through which you earns reward points for the money you spend through your credit card. After accruing these points, you can…

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Democratisation of credit

Posted by admin – September 9, 2010


Payday loans have always been in the firing line for their ‘debt-creating’ tendencies. Critics have stopped just short of calling these lending practices ‘criminal’. However, the juggernaut of payday lending has rolled on. For good reason, this! As Dr. Lehman and Marc Kilmer discovered, lenders do not necessarily “trap people in a cycle of debt”. The justification is simple. People, who are already in a financial mess and whom high street ‘lower risk’ lenders reject, are the ones approaching payday lenders to wriggle out of their “pre-existing” money hassles. The question is – will a payday cash advance add up to the debt or offer a solution to the same? The answer evidently lies in how efficiently the borrower manages his/her loan.

High interest rates are not an indicator of the ‘obscene’ amount of profits that lenders potentially…

Payday Loans or Credit Cards?

Posted by admin – September 3, 2010


What differentiates a credit card from a payday loan? We are certainly not talking about fundamental differences between two unique financial products. In the context of indebtedness, it is the discourse on ‘which option is easier on the budget’ that can go on for eternity. So let’s take a closer look at these  financial solutions for the cash-strapped.

Credit cards had taken the world by storm when they arrived. Soon enough, every second person in the world had a 3×2-inch plastic card in their wallet – a metaphor for financial independence. Or is it addiction that would eventually prove disastrous for those who throw caution to the winds? It is, perhaps! Absorb this, 6% of households in Great Britain use credit cards to pay their rent and mortgage. Considering the “plan B” nature of credit cards, this dependence…

Too Confused? Looking For Financial Help -Theoretically And Practically?

Posted by admin – April 5, 2010


Since the whole world revolves around online help, the first thing that comes to one’s mind during financially troubled days is seeking help from online lenders. Before hitting the “Apply” button on various sites that provide payday loans, most people browse for tips on how to face such crises. Tips to spending money wisely, tips to be prudent, tips towards a secure future and tips to find the right lender. All these are just a few of the many desperate attempts to realise how easy saving money for rainy days is. Being intelligent financially has never been easier.

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Common Financial Mistakes of 2009: Start Afresh In 2010

Posted by admin – January 8, 2010


The calendars have changed over, and a new year has arrived. Although most people prefer to let the skeletons rest in the closet, sensibility lies in identifying the mistakes made last year, and devising solutions for them this year. Since the recession has showed little signs of ebbing, people must be extremely careful with their financial decisions to ensure that the same blunders aren’t repeated.

We have created a list of some of the most common financial mistakes that people made last year, along with tips on how to see through this year without regrets. Here goes!

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