Bad Credit Credit CardsWritten by Blake Hendrickson
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account and on your account statements. The card issuer also must disclose "periodic rate" - rate applied to your outstanding balance to figure finance charge for each billing period. Some bad credit credit cards allow issuer to change your APR when interest rates or other economic indicators - called indexes - change. Because rate change is linked to index's performance, these plans are called "variable rate" programs. Rate changes raise or lower finance charge on your account. If you're considering variable rate credit cards, issuer must also provide various information that discloses to you: that rate may change; and how rate is determined - which index is used and what additional amount, "margin," is added to determine your new rate. At latest, you also must receive information, before you become obligated on account, about any limitations on how much and how often your rate may change. Free Period. Also called a "grace period," a free period lets you avoid finance charges by paying your balance in full before due date.
Choice Credit 318 3rd. St. East Roundup, MT 59072 US Domain name: badcreditcreditcards.biz Administrative Contact: Hendrickson, Blake 318 3rd. St. East Roundup, MT 59072 US
| | What the Bank Won’t Tell You About Mortgage RefinancingWritten by Paul Ashter
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Along with understanding your own financial situation, understand terms being offered by bank. The bank does not want you to “read fine print” because you might find something that you don’t like, and they would have to change it, or get a new customer. All aspects of new loan have to be made available to you. Again, all information about your loan is made available. You, as customer, just have to seek it. Most customers simply look over terms of a new loan briefly, merely focusing on interest rate. They then sign on dotted line. Simply “skimming” terms of a loan is never a good idea. Banks won’t tell you, but it is always a good idea to understand loan more intricately than even bank itself. Refinancing a mortgage is a large financial commitment. It is important to be as informed as possible on all aspects of your own finances and deal offered in loan. Banks do not what you to know that they are required to provide all information to you. Also, as your financial advisor, they are obligated to offer information, but not required. However, when asked directly, if they lie to you, they can be in a whole world of trouble. Knowledge is single most important thing to have when refinancing. If you know what to watch out for when refinancing, and what banks have to tell you, then you will have upper hand. Having upper hand will allow you to refinance your mortgage in a way that is best for you financially.
Paul Ashter writes about personal finance, and specializes in information concerning mortgage refinancing.
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