Credit Card Cash Advance – How It Works

A credit card cash advance means borrowing cash from your credit card account instead of withdrawing from your debit account.  Most credit card companies have a cash advance feature on their cards as a form of convenience to cardholders aside from being able to use for daily purchases.  Getting an advance is as easy as withdrawing from an ATM or writing a check at your bank.  But take note, that this convenience carries quite a high cost for you. While financially, getting a cash advance is not very ideal or wise, it makes sense when your money problem is unpredictable or if you find yourself in an emergency […]

Read more

How To Choose The Right Credit Card For Your Needs

Credit card offers are a dime a dozen – they are in your mailbox, on the internet, in malls and stores where you shop.  It’s really tempting to apply for a credit card with all the attractive deals or the discounts that come with them.  But have you ever stopped to give it some thought and search what would be the right card for you?  Do you know that you could save hundreds, and maybe even thousands of dollars by shopping around for the right credit card?

Read more

APR Basics: What Is It And How To Calculate APR

When you take out a loan, you usually see the interest rate you have to pay the bank that lends you the money. However, there are other things you as a borrower should be aware of. One of them is the so-called APR, which  stands for Annual Percentage Rate. This is the annual rate of interest you have to pay on your loan. The lower the APR is, the lower your monthly installments […]

Read more

How Can You Get a Credit Card with Bad Credit?

Having poor credit isn’t a benefit in an individual’s budget, however, it’s not the end of the arena. Whether your credit score has taken a disastrous turn due to a loss of career, immoderate medical debt, or negative money management, you always have the opportunity to elevate your credit over the years. There are alternative routes to making the most out of this situation.

Read more

How To Negotiate A Balance Transfer Fee?

A balance transfer is the process of transferring partially or all of the balance of an existing credit card to a new one. This is also known as debt consolidation. The main reason people do that is to lower the interest rate on their current credit cards. That comes in handy especially if the balance is very high. Thus, you will pay more to reduce the credit card balance and less to pay interest.

Read more

The Best Ways To Get A Credit Card Without A Credit History

Almost everything requires credit – from renting an apartment, getting a cell phone and sometimes, even landing a job.  In this new age of technology and harsh economic times, the credit card has become the wallet’s best companion.  We have become dependent on plastic to make our activities more convenient whether in paying our bills, making purchases and receiving money. However, getting a credit card isn’t easy because one has to have a good credit history.

Read more

How to Reduce Your Credit Card Interest Rate

The Fed has raised interest rates twice this year. What’s more, the US monetary policy maker is planning on yet another interest rate hike by the end of the year. As a consequence, most banks will probably increase the rates on their loans. Instead of taking out new loans and credit cards, why don’t you consider reducing the interest rate on your existing ones?

Read more

How to Repair Your Bad Credit

If an individual wants to be trusted by lenders, they need to have good credit. Good credit will increase a borrower’s credit rating, which automatically means that they can take out loans at much more favorable terms and conditions.No one will give money to people with proven record of late or even missing payments[…]

Read more