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  Category: Articles » Finance » Credit » Article

Are Credit Card Companies Are Out for Your Money?

By Gene Hays

Consolidation loans merge all your debts and bills into a single payment.
This means, that if you have several monthly payments or a number of
different loans, you can make things easier by consolidating them and
taking one single loan to pay off the total debt.

Human desires are unlimited but the finance that one acquires always
seems to be scarce.

The paycheque serves as the collateral for the purpose. Borrowers may
get an extension in the term of repayment of payday loans.

Business loans are normally offered on Freehold and long Leasehold
properties with Bricks and Mortar valuations required. Legal and valuation
fees are payable by the client.

Payday loans are available when you need them. If your car requires an
immediate repair, or you receive a surprise bill, scrambling to borrow
money is humiliating and frustrating.

Credit Card Companies Are Out for Your Money

You're probably thinking "Tell me something I don't know" but in this
time of low interest rates you might be thinking that you've got a great
deal since credit card interest rates are low. Wrong. Credit card companies
have a cutoff as to how low their interest rates will go. So when interest
rates are low for lending, that doesn't mean your credit card rate will be
low as well. If you don't know, or aren't sure, if your credit card company
has a minimum interest rate just look at the fine print on your next credit
card bill. If you can't read that small of print, and most of us can't, give
the customer service a call. If your credit card company does have a
minimum interest rate then I'd plan to look around and go with the credit
card companies that don't. Because when the interst rates drop, you
should get a break on your credit card rate.

The fixed rate on credit cards actually rose in the last twelve months.
Why? Because the credit card companies have been actually losing money
due to record numbers of delinquencies and bankruptcies. Those who
can't pay now for their purchases in the past are sticking their bill to the
rest of the credit card holders.

Though these processes are time consuming, they are not superfluous.
This explains the reason why fast loans carry a higher rate of interest. By
diverting from the normal loan processes, the loan providers are creating a
degree of risk involved.

Although bad credit history may prove to be a temporary obstacle in the
process, it definitely doesn't prevent you from getting the money you

Secured loan helps borrowers in making the best use of the equity stored
in his or her property that helps him in borrowing a larger amount of loan
and that too for a longer loan term.

Secured personal loans are the most flexible loans ever. Also secured
personal loans can boast of having the most competitive market.

Talk to your financial lenders about how you can go about qualifying for
these types of loans and you will be well on your way to paying down
debt and living a debt free, hassle free lifestyle.

So you may think that you want to get that credit card insurance being
pushed by credit card companies that will pay your bill if you become
disabled or unemployed. Not so fast. The average payout on a credit
insurance policy is 30-50%. The National Association of Insurance
Commissions actually recommends a payout of at least 60%. Payouts for
debt cancellation and debt suspension is in the 1-3% range. That's
definitely not worth the premiums. Get enough regular life insurance and
disability insurance to cover your debt as their premiums are much
cheaper and have greater payouts. Beware of a credit card company trick
that I recently ran into. I mailed a payment a week early but yet was still
charged a late fee. Impossible I say. I found out the payment had to be
in the credit card company's processing center by a certain time on the
due date. Think of my credit card payment making it's way through the
mail, to a P.O. box, then getting picked up, sorted, sent to the
processing center, opened and recorded. And this has to be done by a
certain date on the due date. Ouch. I suggest mailing in your payment at
least two weeks early.

Many student loans have a deferred repayment option, allowing the
student to put off repaying the loans until after they've finished school.

Cash advance loan and no fax payday loans are some of the classes of
instant loans that are prevalent nowadays. A payday loan is lent out till
the borrower receives his next paycheque.

Loans are supposed to help you with certain financial interruptions. They
must not be a way of life.

The loan service is not confined to a group of people. Lenders in the UK
aim to cater to the needs of each and every individual.

Credit card debts can mount up and get out of control quickly, you can
reduce them today! The Federal Direct Unsubsidized Stafford/Ford Loan is
a direct loan the government charges you interest while you are in school.
About the Author
Learn more ways to debt reduction today.

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