Credit Card issuers, eager to lure new customers, offer competitive low introductory interest rates, allowing card–hoppers take advantage by transferring their balances to a new introductory deal when the prior deal expires. Several credit card issuers have rolled out policies in order to discourage card–hopping by either charging a fee for balance transfers or getting rid of low introductory teaser rates on balance transfers. Card issuers are jacking up back–end fees and pumping up punitive interest rates... ( more... )
Credit Card Consolidation
Your Debt To Income Ratio:
Always remember, in the world of credit, creditors view your debt as NOT what you owe, but what you could owe. This means if you transfer a balance from an existing credit card to a new introductory rate card and do not close the first card's account... ( more... )
How To Finance Your Vehicle
Things to Remember:
Too often, when consumers shop for a new car, they are so focused on the price of the car, they take their eye off the real ball: the cost of the money. If you want the very best deal on a new car, shop for financing before you go to the dealer... ( more... )
How To Lease A Vehicle
The Benefits:
Since you only pay for the amount the vehicle depreciates while it is in your possession, monthly payments are significantly lower than purchase payments over the same term... ( more... )
How To Save A Fortune On A Mortgage
By making your payments every two weeks, you end up making 26 payments a year (52 weeks in a year divided by 2 = 26 payments a year). Making 26 payments a year (one every two weeks) is like making an extra month's payment each year... ( more... )
Pros And Cons Of Secured Credit Cards
How do they work?
You must put funds into an interest bearing savings account at the financial institution which gives you the credit card. The savings account serves as a security deposit for your line of credit. The required deposit can range anywhere from a few hundred to... ( more... )
