Tag Archives: interest rate
Finding Good 0 APR Credit Card Offers
While most of us wish that we could find credit cards that only had 0% APR, they cant really exist because the credit card companies wouldnt make any money. However, if youre looking to save money with a lower interest rate, there are ways to find great deals on APR percentages.
Balance transfers
The trick with getting a 0% APR is to find a credit card that allows you to transfer other balances under that initial lower APR interest rate. While there is usually a time limit to these kinds of offers, they can help save you a lot of money in the long run. And if you think about it, these offers are much like getting the 0% APR on that other card, its just a matter of where you send the bill to.
Talking with the cards that you have
You might not know this, but if youre a good customer for your current credit card company, you may be able to ask for a limited 0% APR period as well. If youve been paying your bills on time and keeping a fairly low balance, many companies are willing to reduce or negate the interest rate for a while. They want your business, so theyre usually willing to give you a deal to keep you using their card.
Going online
There are many credit card company comparison sites that will allow you to see which card companies are offering 0% APR for the first year of use or for limited time periods. And while this isnt a permanent solution, you can see which cards are willing to take you on as a customer for a lower interest rate.
A word of caution
While its safe to say that youre aware of the fact that 0% APR periods can be short, you need to be certain that you understand what the card company defines as a period. In most cases, the first purchase starts the cycle of interest free credit balances, as opposed to the first billing cycle end.
Look to see what the interest rate will be when the trial period is over. If the interest jumps dramatically, you might be in for an unpleasant surprise if youre still carrying a balance. And the truth is that many of these credit card companies will increase their interest rates from 0% to 15% and even 24%.
Also realize that there might be restrictions in getting the 0% APR. If you make certain purchases or dont make a payment within a certain time, you might revoke your right to that lowered interest rate. Read the fine print.
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!