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Useful Tips For Finding The Best Credit Card Rates
When searching for a credit card, a good credit card rate is possibly the most important criteria that you might look for. Getting the best credit card rate is important because the finance costs you bring upon yourself will influence how rapidly you will be able to resolve the debt that you will accumulate with your new credit card.
For most people, choosing the best credit card rates is crucial as it can result in good savings. If you devote a little time on it and compare the terms, fees, rates, offers and other aspects of various credit card companies, you are sure to chalk out a good deal.
The best credit card is more often than not the card with the best credit card rates. Before you decide on a credit card, you need to check out the annual percentage rate charged by the company. The annual percentage rate is the sum of interest you shell out on your credit card balances. The lower the annual percentage rate your credit card proffers, the less you need to pay. Thus, a low annual percentage rate can result in great savings for you.
There are some credit cards, which offer very low annual percentage rate on the transfer of balances until the complete balance is paid in total. You can save hundreds and at times even thousands of dollars in interest costs by shifting your balances from high interest rate credit cards to low annual percentage rate credit cards. In case of any kind of confusion, you can seek professional help.
More often than not, it is seen that while selecting a credit card, people usually check whether the annual percentage rate is low or not. But just a low annual percentage rate should not be the only criteria for choosing the best credit card rates.
There are many card companies that tempt customers by offering a low rate of interest but on the other hand, include various hidden charges in it. Stay away from those companies. There are some companies that offer special introductory rates for a short time. You must check out how long the offer will last and whether it will be profitable for you to carry on with the credit card once the offer expires. There are credit cards, which do not charge any annual or monthly fees, but the rate of interest is high. Such credit cards are beneficial in the long run.
You can get best credit card rates if you have a good credit score. With a good credit score, you can happily negotiate with the card companies and cut a good deal for yourself. If you feel that your paying history is not too good, then you must wait for sometime, until your credit score improves.
Do not be nervous to ask about all the details and bargaining on the rate. Remember, if you want the best credit card rates, you must be smart enough to get it out of the company. If required you can chalk out a script and practice it yourself before you call the company. If you face any unpleasant customer service rep, do not lose your cool. Ask him/her to transfer the call to his/ her supervisor.
If you feel that the conversation is not going the way you want it to go, do not get worried. There are numerous companies available all around and you can try your luck with another one. In this era of cutthroat competition, companies will be too happy to serve a competitors customer. So shop around for the best credit card rates until you get the lowest one that is most appropriate for your situation.
Unsecured loans for tenants The only option for non-homeowners
Tenants (council tenants, housing association tenants, private property tenants or folks living with their parents like student) are people who do not have their own house or residential property and live in somebody elses house. As tenants are incapable of pledging collateral, the only option left for them is unsecured loans. Though primarily designed for tenants, these loans can also be availed by homeowners or property owners, as they may not be willing to get into property related legalities or risk his property for a small amount.
It is a known fact that homeowners or property owners can easily take advantage of their assets to get favourable loan deals like quick attention, high credit limit, competitive low APR, flexible payback terms and negotiable loan conditions. However, tenants miss out on most of that. Typically, unsecured loans for tenants are a bit expensive low credit limit, comparatively high APR, fixed payback terms and non-negotiable loan conditions. However, these loans have other advantages that are not there with secured loans like:
Unsecured loans for tenants are also ideal for people who have small monetary requirements, as offering collateral may not be necessary and for people who have urgent needs, as getting into lengthy property evaluation procedures may not be feasible.
These loans can be used for a variety low credit requirements new or used car purchase, education or career development plans, wedding expenses, home improvement plans, vacation and holiday season expenses, business requirements, debt consolidation, bad credit, etc. As with most loans, unsecured loans for tenants too have basic eligibility criteria. A person applying for this loan should:
Please note: The basic criteria to avail an unsecured loan for tenant is credit history and DTI ratio. In addition, the APR may vary according to the type and amount of loan required, and desired payback scheme and period. Generally, an unsecured loan for tenant has an amount range of £500 to £15,000; an APR range of 7.4% to 41 % Variable (typical rate is 19.9% APR Variable) and a compensation term up to 10 years. A typical unsecured loan for tenants deal may look like: