Are 0% Credit Cards reaching their end?

Written by G Marwick


Continued from page 1
•If you are in danger of exceeding your credit limit and being charged £25 then contact your Credit Card provider and get an increase on your limit. In most cases they will fall over themselves to do this. Once you are back on your feet getrepparttar amount reduced. Remember discipline! •Whatever you do avoid withdrawing cash from your credit card. These services will cost you from 2% upwards ofrepparttar 138089 amount drawn. •Set up a direct debit. This will prevent you from ever being charged a late payment fee. Even if this is forrepparttar 138090 min balance due every month. This is one ofrepparttar 138091 biggest money makers for Credit Card Companies. •Don’t take out Credit Card protection. It’s not worth it and its over priced for what you get. This is a topic for another article. My advice, steer clear. •Avoid using your Credit Card abroad. This is a sneaky way for charges to be implemented. The rate of exchange is not alwaysrepparttar 138092 best and you get charged forrepparttar 138093 convenience of using your card in a foreign country. •Don’t be fooled into applying for a Credit Card that offers cash back and loyalty points. While some may be goodrepparttar 138094 majority expect you to spend large amounts before you even qualify for any significant cash back. The incentives may be high but then so isrepparttar 138095 APR.

We all need Credit Cards for day to day living to get by so advising on not having them is ridiculous. All we can say is be disciplined. Keep a close eye on your fees and charges and manage them very closely. Check you balance statement every month. Fraud is rife atrepparttar 138096 moment so don’t get caught out.

Grant Marwick is a freelance writer and owner of www.only-credit-cards.co.uk where you will find advice and more articles on Low interest and 0% Credit Cards


Useful Tips on Borrowing Money

Written by John Mussi


Continued from page 1

Equity:

Financial institutions want to see a certain amount of equity in a business. Equity can be built up in a business through retained earnings orrepparttar injection of cash from eitherrepparttar 138070 owner or investors. Most banks want to see thatrepparttar 138071 total liabilities or debt of a business is not more than four timesrepparttar 138072 amount of equity. A business owner usually must put some of her/his own money intorepparttar 138073 business. The amount an individual must put intorepparttar 138074 business in order to obtain a loan is dependent onrepparttar 138075 type of loan, purpose and terms.

Collateral:

Financial institutions are looking for a second source of repayment, which often is collateral. Collateral are those personal and business assets that can be sold to pay backrepparttar 138076 loan. Every loan program requires at least some collateral to secure a loan. If a potential borrower has no collateral to secure a loan, she/he will require someone to guaranteerepparttar 138077 loan. Otherwise it may be difficult to obtain a loan.

When you want to borrow money you must be prepared to answer these questions:

Canrepparttar 138078 business repayrepparttar 138079 loan?

Can you repayrepparttar 138080 loan ifrepparttar 138081 business fails?

Doesrepparttar 138082 business collect its bills?

Doesrepparttar 138083 business control its inventory?

Doesrepparttar 138084 business pay its bills?

Doesrepparttar 138085 business control expenses?

Doesrepparttar 138086 business have a profitable operating history?

Are sales growing?

You may freely reprint this article providedrepparttar 138087 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


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