The cultural perception is that credit cards are just normal and okay. Unfortunately, they can be too flexible for their own good. Credit cards are not unlike small loans at all. They should be perceived as such, especially to avoid some often financially catastrophic spirals of debt.
Credit cards are flexible and changing by the current allocation of the card. It is a loan that can be added to and extended often, and that can be a rather dangerous proposal. Take, for example, a typical mortgage loan or student debt. (more…)
What is a personal loan?
A personal loan is simply a short-term loan that has a relative short repayment period in comparison to mortgages. While one can fully offset a mortgage for as long as 30, 20 or 50 years you have to fully settle the personal loan for a period which should not exceed 10 years, this being variable depending on the amount loaned.
The personal loan is quite distinct from the home loan as the personal loan is unsecure. This implies that for the personal loan the client can borrow a given amount of money without the lender asking for any form of security or asset for the loan being offered. It is good to note that while no form of security is required the client is supposed to ensure that he/she makes timely payment to avoid some penalties which might impact negatively on their credit rating. (more…)
If you have already been suffering from paying your credit card bills every due date, you may want to get the prepaid credit cards. These prepaid credit cards have the same benefits from that of the credit cards and you can simply have it the way you want it to be. You can load it with a good amount of money and you can use it like a credit card so you will be spared from fraud and you do not need to carry on a huge amount of cash at that. Truly, with these prepaid credit cards, you will be able to make your finances at par and you can monitor all the expenditures that you have already spent. In this way, you will also be free from a short-time debt just like taking the credit cards for an example.
So you see, having a prepaid credit card is like having a debit card but, it has all the benefits that normal credit cards carry. So, what do you think about it? I guess it is the next best thing that you can get.
Finance loans play a very major role in business. Finance is equally needed to start a business as well as to run and maintain the business smoothly. Financing can be mainly classified into three – Self Financing, Debt Financing and Equity Financing. Normally big businesses will not opt for self financing; they will always go for either Debt or equity financing.