Useful Tips When Choosing Credit CardsWritten by John Mussi
Chances are you have received your share of "pre-approved" credit card offers in mail, 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.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 of cost of credit, expressed as a yearly rate. It also must be disclosed before you become obligated on account and on your account statements. Some credit card plans allow issuer to change your APR when interest rates or other economic indicators - called indexes - change. Because rate change is linked to 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 before 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, card issuer may impose a finance charge from date you use your card or from date each transaction is posted to your account. If your card includes a free period, issuer must mail your bill at least 14 days before 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 use card to get a cash advance, make a late payment, or exceed your credit limit. Some charge a monthly fee whether or not you use card.
| | How to Start A Business PlanWritten 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.
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