Bad Credit Credit CardsWritten by Blake Hendrickson
Chances are you've gotten your share of offers for Bad credit credit cards, Bad credit visa cards and Credit cards for people with bad credit. Re-establish your credit with a pre-approved bad credit credit card, regardless of your credit history, some with low introductory rates and other perks. Many of these solicitations urge you to accept "before offer expires." Before you accept, shop around to get best deal. A credit card is a form of borrowing that often involves charges. Credit terms and conditions affect your overall cost. So it's wise to compare terms and fees before you agree to open a credit or charge card account. The following are some important terms to consider that generally must be disclosed in credit card applications or in solicitations that require no application. You also may want to ask about these terms when you're shopping for bad credit credit cards. Annual Percentage Rate. The APR is a measure of cost of credit, expressed as a yearly rate. It also must be disclosed before you become obligated on the
What the Bank Won’t Tell You About Mortgage RefinancingWritten by Paul Ashter
So you have a mortgage, and you need to refinance to get your interest rates low. Most people simply walk into their bank, ask to refinance, and then end up paying more money long term than they would have otherwise. Some banks would like everyone who is refinancing to remain ignorant, but I am here to tell you what banks don’t want you to know. Refinancing can be very beneficial, but one has to understand terms of deal, and be very careful when choosing a bank.
One mistake many people make is going to bank and deciding to refinance before actually looking at home loan. Some think that their interest rates are too high, and they have too many debts, so refinancing is only option. Be sure to look at numbers, and then go over those exact same numbers with your financial advisor. After discussing it, you can then decide to refinance. It is always a good idea, even after you go over numbers, to ask your bank, “Do I need to refinance?” They cannot lie to you, but they can withhold information. Banks do not want you to understand that fact. Asking questions is one of best things you can do. Banks love to let customers make bad decisions. As a financial advisor, banks are obligated to tell you best possible course of action, but not required. Unfortunately, some banks simply want profit, and so customer’s financial situation is not of utmost importance.
It is up to you then to be informed about all aspects of your financial situation before you walk into bank. It is advisable to know just as much, if not more than bank does. Banks take advantage of uninformed. Some want their customers to be uninformed, because uninformed individual poses no threat and can be manipulated easily. An uninformed person may accept banks offer simply because interest rates are lower. However, some banks try to give lower interest rates for refinancing, but let consumer end up paying more over lifetime of loan. Additionally, banks can expose you, as a borrower, to greater risks than you had with your previous mortgage with a higher risk loan.