Debt consolidation – Options for Reducing Credit Card Costs

Written by Charles Essmeier


Americans are using credit cards more than at any time in history, and credit card companies are reaping record profits. One ofrepparttar reasons thatrepparttar 137125 credit card industry is so profitable is that so many of us use our credit cards unwisely.

If you have good credit, you can get a credit card with a reasonable interest rate; say 10% or so. You can keep that rate by paying your bill on time. Onrepparttar 137126 other hand, if you pay your bills late or fail to pay in full, then you will have to pay late fees and interest. Late fees often range between $15 and $29; some card issuers may charge even more. Adding torepparttar 137127 pain of paying late fees, however, isrepparttar 137128 likely change in interest rates on your card if you pay late. A late payment may trigger a substantial increase inrepparttar 137129 interest rate on your card, and that “reasonable” interest rate of 10% may suddenly rise to 20% or even 25%!

It’s hard to pay off your credit card balance when you have late fees and 25% interest, so this is something you definitely want to avoid. If you usually pay on time, and you pay late once and are charged a late fee, ask your credit company if they will waiverepparttar 137130 fee. They will often do it – once. Some will not do it at all, but it is always worth takingrepparttar 137131 time to ask. If they are

Secured business loans – equipping your business blue print with concrete groundwork

Written by Amanda Thompson


Somebody once said, ‘Business is not financial science; it's about trading, buying and selling. It's about creating a product or service so good that people will pay for it.’ So you are full of ideas and ready to take onrepparttar world. No matter how striking your business idea is, it still needs a solid foundation to work on. Without a concrete financial plan your business plan might not be as feasible as it might seem onrepparttar 137097 pages, realistically speaking. Secured business loans give yourepparttar 137098 opportunity that you need to be financially independent. Being a homeowner will provide you with more to bank upon than you realize. A business loan by keeping your home as a warranty isrepparttar 137099 justrepparttar 137100 right way to get started.

Getting a secured business loan is a guaranteed success, if you take care to do your homework. For Acquiring secured business loans a lot depends onrepparttar 137101 loan claimant. You have to be very clear about how much money you need, why you need it and you must have a repayment plan. You should be able to convince your loan lender that you are very clear about your business and financial needs. This will go in your favour in assuringrepparttar 137102 loan lender that you are a good credit risk. There is no doubt that there is a huge market for secured business loans but there are no takers for secured business loans applications whose amortization is not secure.

Whether you are buying a business, paying off previous debts, looking for a cheaper rate of interest, expanding your business or starting a new business, business secured loans arerepparttar 137103 ideal for your plans. A secured business loan is secured over your property. If you own a property in UK then why not make use of this dormant property in your own home. Secured business loans are straightforward, undemanding and fairly simple. The loan amount can range from anywhere between £ 50,000 and £ 1,000,000. You can choose to repay in any term that befits your financial terms. Repayment time period can be from 3 years to 25 years. However, as a homeowner you must be aware that non payment of your secured business loans will lead to annexation of your consequential property or home.

Are you getting started on applying for secured business loans? Then pay a little more attention. A well written secured business loans application must include some occasional imperative information. The secured business loans application must have business name, name of principals, social security number for each principal and address. Make sure thatrepparttar 137104 secured business loans application includesrepparttar 137105 objective of takingrepparttar 137106 business loan. The loan applicant must know how he will utilizerepparttar 137107 business loan. The amount required must be precise. Give an account of your business on your secured business loans request. This includesrepparttar 137108 history and nature of your business, its age number of employees and alsorepparttar 137109 existing business possessions. Work with relevant agencies to present a complete picture of your business. Your secured business loans application won’t be complete without some details of your principals in your business including their education, background, skills and accomplishments. For securing a secured business loan, you must giverepparttar 137110 financial statements forrepparttar 137111 past three years. If you are launching a new business, then give projected balance sheets and income proofs.

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