Useful Tips When Choosing Credit Cards

Written by John Mussi


Chances are you have received your share of "pre-approved" credit card offers inrepparttar mail, some with low introductory rates and other perks. Many of these solicitations urge you to accept "beforerepparttar 112251 offer expires." Before you accept, shop around to getrepparttar 112252 best deal.

Credit Card Terms: 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.

Annual Percentage Rate: The APR is a measure ofrepparttar 112253 cost of credit, expressed as a yearly rate. It also must be disclosed before you become obligated onrepparttar 112254 account and on your account statements. Some credit card plans allowrepparttar 112255 issuer to change your APR when interest rates or other economic indicators - called indexes - change. Becauserepparttar 112256 rate change is linked torepparttar 112257 index's performance, these plans are called "variable rate" programs.

Free Period: Also called a "grace period," a free period lets you avoid finance charges by paying your balance in full beforerepparttar 112258 due date. Knowing whether a card gives you a free period is especially important if you plan to pay your account in full each month. Without a free period,repparttar 112259 card issuer may impose a finance charge fromrepparttar 112260 date you use your card or fromrepparttar 112261 date each transaction is posted to your account. If your card includes a free period,repparttar 112262 issuer must mail your bill at least 14 days beforerepparttar 112263 due date so you'll have enough time to pay.

Annual Fees: Most issuers charge annual membership or participation fees.

Transaction Fees and Other Charges: A card may include other costs. Some issuers charge a fee if you userepparttar 112264 card to get a cash advance, make a late payment, or exceed your credit limit. Some charge a monthly fee whether or not you userepparttar 112265 card.

How to Start A Business Plan

Written by John Mussi


A business plan precisely defines your business, identifies your goals, and serves as your firm's resume. The basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make good business decisions. Because it provides specific and organized information about your company and how you will repay borrowed money, a good business plan is a crucial part of any loan application. Additionally, it informs sales personnel, suppliers, and others about your operations and goals.

Plan Your Work

The importance of a comprehensive, thoughtful business plan cannot be overemphasized. Much hinges on it: outside funding, credit from suppliers, management of your operation and finances, promotion and marketing of your business, and achievement of your goals and objectives.

Cont'd on page 2 ==>
 
ImproveHomeLife.com © 2005
Terms of Use