Which Credit Card?

Written by John Mussi


Continued from page 1

A credit card allows you to live now and pay later. When you successfully apply for a credit card, you will be advised of your credit limit. Ensure you stay within it, as exceeding it could result in either your card taken away from you or being charged interest onrepparttar extra credit you incur.

Charge Card

This is very similar to a credit card, althoughrepparttar 142180 monthly balance must be paid in full. An example of a type of charge card would be an "American Express" card.

Cheque guarantee card

If you're paying for goods or services with a cheque, you'll probably be asked for a cheque guarantee card. This meansrepparttar 142181 bank will normally pay your cheque up torepparttar 142182 amount guaranteed.

Store Card

A restricted form of credit, store cards act as credit cards in those shops thatrepparttar 142183 card is accepted. Purchases are made usingrepparttar 142184 card, and then a consolidated bill is sent atrepparttar 142185 month's end, which is then settled in a manner similar to a credit card.

Deciding which plastic card to use can be confusing but it can help you to reach a decision if you know what you want to userepparttar 142186 card for.

If you just need it as a substitute for carrying cash, rather than use a credit card, you may as well use a debit card, which takesrepparttar 142187 money from your bank account directly.

If you like to pay your balance off each month, a charge card might suit you.

If you want to pay off your debt in instalments, choose a credit card.

You may freely reprint this article providedrepparttar 142188 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.


What is an Auto Loan?

Written by John Mussi


Continued from page 1

Auto loans can be seen asrepparttar riskiest of loans fromrepparttar 142179 lender's point of view. This is because an auto loan is for an asset that depreciates very quickly. Thus you will find that auto loans have generally a higher rate of interest than any other type of loan.

One ofrepparttar 142180 advantages of getting an auto loan is that when you get it before you go torepparttar 142181 dealer, you can negotiate as a cash buyer. Often you will save money when you negotiate from a cash buying position.

The main disadvantage of an auto loan is that, like any other loan, it must be paid back. Before you get a loan, make sure you are capable of makingrepparttar 142182 monthly payments. You can seriously damage your credit if you default on an auto loan.

You may freely reprint this article providedrepparttar 142183 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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