Tag Archives: debt
Instant Debt Consolidation Loan: Get Rid Of Your Debts Instantly
In case of having several loans running simultaneously, the different loans may have different monthly payment dates, which put you under pressure throughout the month as a lot of financial management and budgeting is required. In such circumstances if you are compelled to settle some debts urgently to avoid disastrous consequences, you desperately seek some reliable financial resources. Instant debt consolidation loan comes as a handy weapon to cater to such kind of your needs.
The remarkable features
This loan, as the name itself clarifies, is a consolidation loan meant to combine all your several loans into a single debt. The instant approval is the most remarkable feature of this loan. The lower interest rate is another facility provided by this loan. You are free to apply for this loan irrespective of your credit status.
You may opt for secured or unsecured form of this loan. If you go for the secured one you are required to offer an asset as security against the loan amount but you can avail a higher amount. Under the unsecured category no collateral is required but the approved amount is relatively lower. On an average you may apply for an amount of £1000 to £50,000 for which you have to apply an interest rate as low as 9% to 15% APR. The amount has to be paid back in 5 to 10 years.
Procedures to avail instant debt consolidation loan
This loan is available online. All that you are required to do is to search on the web for the best suitable lender and apply to him. Further you have to submit some papers regarding your credit status and the collateral you are going to offer. You may now expect the funds within some hours.
This loan may benefit you in the following ways by
-Reducing your Debts by up to 50%!
-Reducing or Eliminating Interest!
-Preserving and rebuilding your credit!
-Stopping the harassing phone calls by the lenders!
-Relieving the pressure off the financial strain!
-Making one low monthly payment!
-Getting back to saving your money again!
Top 10 Credit Card Tips (Page 1 of 2)
The credit card has been one of the most popular inventions of this time, helping consumers acquire convenience and boosting consumer spending for the economy. However, credit cards have been exploited for the wrong reasons, and thus have become the main source of debt for many consumers. Thus, in order for credit cards to be beneficial, consumers would need to be well-informed on the proper usage of credit cards.
1. Pay off your outstanding balances each month
Rolling over outstanding balances will only result in snowballing debt. Credit card interest rates are amongst the highest as compared to other types of debt. With this, your cost of expenses is increased without any apparent benefit to you.
2. Transfer your high interest credit card balances to 0% APR credit cards
If your outstanding credit card balances are high, you should work out a balance transfer to other credit cards that offer introductory 0% APRs. This way, you can stagger monthly payments and pay off your credit card debt gradually without incurring additional interests.
3. Cut up high interest credit cards
Its time you evaluate your credit card interests, and cut up those that charge high interest rates, no matter how wonderful their reward programs at. At the end of the day, the rewards attained will not equate the additional interests incurred.
4. Be careful with your credit limit
As your credit limit may be 2 or 3 times greater than your monthly income, it can be fairly easy for you to overspend. Thus, when using your credit card, be sure that you dont charge more than what you can truly afford.
5. Check your credit card statements
Contrary to what you may believe, banks and credit card companies may make errors in their billing statements to you. Thus, it is best to have a habit of cross checking your credit card charges before making payment.
6. Automatic transfer payments
If your credit card is being used for grocery shopping, you can always arrange for an auto-payment with your bank to ensure that you always pay on time. However, you would still need to cross-check your credit card statements and make a complaint if you find any discrepancies.
7. No credit cards when window shopping
Do you have bad control over your shopping habits? If you are on a window shopping spree, it may be advisable not be bring your credit card. How else would you buy anything if you are out of cash with no credit cards? This is a good way to stop yourself from impulse purchases.
8. Be aware of your rights
Consumers are entitled to rights when it comes to making purchases. The government has set forth many guidelines for retailers in order to protect consumers. Thus, if you have paid for something which did not get sent to you, or if you purchase something that turns out to be faulty, you have every right to demand for a refund or make a report to the Federal Trade Commission.