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Debt consolidation loans UK: Assists to resolve your debt burden
It is quite unlikely to resolve problems related to multiple debts. If you are bogged down under multiple debts and do not know, how to resolve the crisis, then you can consider availing debt consolidation loans UK. These loans are primarily meant to assist you resolve the problem of debts in a rather convenient manner. Once you have taken care of the menace of debts, it becomes possible for you to make a new beginning.
These are sophisticated loans that are made available to you with beneficial terms. In the case of these loans, what you have to do is to consolidate all your existing multiple debts in to a single debt. By doing so, you are not anymore required to make multiple payments in favour of the multiple lenders. In addition to these, the major area of concern is the high interest rates that are associated with the debts. But, once you have consolidated the debts, you can swap the higher interest rate, with that of a lower interest. Just imagine, the amount of money in the form of hundred of euros that you are going to save and which can be used to serve other purposes.
As for applying and availing unsecured are concerned, you have the option to pick it up in two forms. The secured option of the loans offer a bigger amount and in order to acquire it, you need to pledge one of your valuable assets as collateral. With this option, you will be in a position to avail the funds at a comparatively lower interest and that too for long repayment duration.
Whereas, the unsecured form of the loans gets approved without the need of any collateral. The repayment tenure is short and the interest rate charged is slightly higher than the normal rates. However, on ensuring to undertake a proper research, you do have a chance to avail the best possible deals.
With cheap debt consolidation loans, it is now possible for you to get rid of debt problems in a hassle free manner.
First Premier Bank Credit Card Review
Upon first visit to the First Premier Bank’s website, I immediately liked the site design and the big sun glasses that greeted me. They set my mind into holiday mode which in turn made me want to look at what kind of credit cards were available.
I see it already, sun, sea and sand
. I could book a well deserved break once I am successful with my First Premier Bank Credit Card Application.
But website design is not a good enough reason to choose a credit card, so let’s see what features and benefits First Premier Credit Cards has to offer.
When you submit your credit card application, it will take you all of 60 seconds to know your fate, if you are a busy person, (and who isn’t) or like me, you want to book that vacation fast, you know how good this feature is.
Bad credit? No problem, if you have less than perfect credit your application is still welcomed.
The APR on purchases is 9.99%. This is an excellent rate, the website did not say if this rate is adjustable based on credit history but it seems so competitive, I tend to think that the lower your credit score the higher the rate. If this is not so, then you are on to a real cracker.
The cash advance APR is19.9% which is fair enough, after all it is a credit card and should not be used as a debit card.
You should be aware of the Penalty APR on purchases though. If you miss your due dates twice in any six month period or for two consecutive months, your APR would increase to 19.9% and will remain at that rate until you pay your bill on time for 3 consecutive months. The clouds are beginning to roll in on this offer.
If you think a bit of cloud is bad, when you see the fees attached to this card, those clouds would really bring the rain down.
On receipt of your card, your limit would be a minimum of $250. Then comes the fees: Annual fee $48 Account Set up fee $29 Program fee $95 Participation fee $ 6 monthly Additional card fee $20 per card Internet Access Fee $3.95 once you sign up for the service
Most of the fees are added to your account from day one and it would reduce your available credit. When all is said and done, you could actually end up with an available limit of as little as $52 depending on which fees apply to you.
WOW! How far can $52 get me? My local Days Inn?
Based on these features, the First Premier Bank Credit Card operates a lot like a bad credit credit card. But on the plus side, once you pay your bills on time you would benefit from the competitive 9.9% APR.
I would definitely explore some other options.
To determine if this offer is the best you can get (and I sure hope it isn’t), compare other bad credit credit cards and see what they have to offer before making your final decision. It could be that your credit history is ok, so check out the vast range of credit card offers that do not carry so many fees.