More people are finding themselves neck-deep in credit card debt simply because they overused their credit privileges. If you are facing the same problem, one way of lightening your credit load is to go for a balance transfer in favor of a credit card company with lower interest rates than your current cards. In fact, [...]
Entries Tagged as 'Interest Rates'
Things to Consider When Doing a Balance Transfer
May 13th, 2009 · No Comments · Banking, Credit Cards
Tags: Bad Deal·balance transfer·Credit Cards·debt·Fees·Good Deal·Grace Period·interest·Interest Rates·Minimum Charges
Direct Deposit Advance Loans – Aren’t They Payday Loans?
April 15th, 2009 · 5 Comments · Banking, Budgeting, Consumer Debt, PayDay Loans
Regional banks U.S. Bancorp and Wells Fargo & Co. offer “checking account advance” loans that allow customers with direct-deposit accounts to access funds before they are credited to a customer’s account balance. The short-term loans carry annual interest rates of about 120%.
Doesn’t this sound familiar? Payday Lenders can also “advance” you money in your [...]
Tags: direct deposit·FDIC regulations·Interest Rates·Payday Lending·US Bank·usuary laws·Wells Fargo
When Debt Consolidation Doesn’t Pay
February 9th, 2009 · No Comments · Consumer Debt, Student Loans
If you owe a good bit of money, you’re probably wondering whether or not you should consider getting a debt consolidation loan. In many situations, taking out a consolidation loan is the best way to make progress toward reducing your debt. However, there are several circumstances under which debt consolidation isn’t a wise choice.
Two Situations [...]
Tags: debt consolidation·Doesn't Pay·Federal Student Loans·Interest Rates·Loans·Medical Bills
High Credit Score a Necessity for Best Interest Rates
January 12th, 2009 · No Comments · Credit Bureaus and Scores, Mortgages, Real Estate
Interest rates may be at their lowest levels in years, but qualifying for those primo rates is, unfortunately, also more difficult than it has been in years. According to many mortgage brokers, lending institutions are generally reluctant to provide the most favorable rates to all but the most bulletproof of borrowers– fallout from the subprime [...]
Tags: Credit Scores·home loans·Interest Rates·mortgage rates·Mortgages·new home loans·Refinancing
