If borrowers are asked to vote for the most striking feature of credit cards that appeals them, then increased spending power ought to bag the largest number of votes. In fact this is a feature that distinguishes credit cards from cash, cheque, and the newly launched debit cards. Credit cards allow customers to spend up […]
Category Archives: Debt
Getting into debt is fun isn’t it? You get to buy all those cool clothes, take your friends out to dinner, do anything you want, after all you’re just going to “put it on your card” — Spending money is fun and paying with a credit card to just too easy, so easy that before […]
Admittedly, among debt programs, debt consolidation has the most differing reputation. On the one side, it is the best debt management program. But still, there are some that advise to steer clear of consolidating debts as it would only lead to worse debt problems. Despite the many debates, the question remains if it can really […]
Debt consolidation is the process where multiple loans are replaced with only one loan that has a lower monthly payment scheme but a longer repayment period. There are basically two types of debt consolidation; secured and unsecured. In secured debt consolidation, some asset is placed as collateral for the debt consolidation loan. If the borrower […]
People have different reasons why they look to consolidate their debt, but among the most important ones are the following: 1. Save money on interest 2. Lower monthly payments 3. Have one manageable bill per month instead of many small bills 4. Easier to keep track of due dates 5. Easier to keep track of […]
For a growing number of Americans, debt is a serious problem, and one that can “sneak up” on you. The first step toward controlling your debt is being aware of it. Once you’ve established that you need to consolidate and pay down your debt, the following ten possibilities may be useful to you. 10. If […]