Are 0% Credit Cards reaching their end?

Written by G Marwick


Are Credit Card companies starting to feelrepparttar pinch? We all know thatrepparttar 138089 Credit Card companies make their money by charging us interest onrepparttar 138090 money we borrow. With allrepparttar 138091 0% balance transfer offers that we have seen overrepparttar 138092 last few years its no wonder these companies are concerned they aren’t making any money. Many customers who take advantage of these offers move oncerepparttar 138093 0% period has expired.

These credit card companies are now using smart tactics to grab back a chunk of money that they have lost through these deals. One ofrepparttar 138094 ways they are doing this is by reducingrepparttar 138095 interest free period, meaning you have less time to payrepparttar 138096 balance off. If you don’t pay it off byrepparttar 138097 time your 0% period ends you are charged interest backdated to when you maderepparttar 138098 balance transfer.

If you do find yourself in this predicament and you decide to transferrepparttar 138099 outstanding balance to another 0% credit card you will unfortunately now be charged a fee for makingrepparttar 138100 transfer byrepparttar 138101 Credit Card Company you hadrepparttar 138102 original offer with.

These are all tactics that are now being used to make surerepparttar 138103 Credit Card Companies make some money off of you.

Here are some points that may help you to beatrepparttar 138104 new rules that are being implemented plus other ways to save on your Credit Card fees:

•The most obvious advice that can be given is to be disciplined and try to pay offrepparttar 138105 full balance off every month. •If you fall inrepparttar 138106 remaining 85% of us that are not able to do this then you should opt for a Credit Card that has a low transfer rate which stays low no matter how long it take to pay offrepparttar 138107 balance.

Useful Tips on Borrowing Money

Written by John Mussi


Here are some useful tips on borrowing money. Borrowing money is one ofrepparttar most common sources of funding for a small business, but obtaining a loan isn't always easy. Before you approach your banker for a loan, it is a good idea to understand as much as you can aboutrepparttar 138070 factorsrepparttar 138071 bank will evaluate when they consider making you a loan. Let's start by exploring some ofrepparttar 138072 key points your banker will review:

Ability to Repay/Capacity:

The ability to repay must be justified in your loan package. Banks want to see two sources of repayment - cash flow fromrepparttar 138073 business, plus a secondary source such as collateral. In order to analyserepparttar 138074 cash flow ofrepparttar 138075 business,repparttar 138076 lender will reviewrepparttar 138077 business's past financial statements. Generally, banks feel most comfortable dealing with a business that has been in existence for a number of years because they have a financial track record. Ifrepparttar 138078 business has consistently made a profit and that profit can coverrepparttar 138079 payment of additional debt, then it is likely thatrepparttar 138080 loan will be approved. If however,repparttar 138081 business has been operating marginally and now has a new opportunity to grow or if that business is a start-up, then it is necessary to prepare a thorough loan package with detailed explanation addressing howrepparttar 138082 business will be able to repayrepparttar 138083 loan.

Credit History:

The first thing a bank will determine when a person/business requests a loan is whether their personal and business credit is good. Therefore before you go torepparttar 138084 bank, or even startrepparttar 138085 process of preparing a loan request, you want to make sure your credit is good.

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