Store Cards, Credit Cards And Loans How To Borrow Money Effectively.
You dont have to have the lifestyle demands of Paris Hilton to need extra money these days. According to Credit Action, the total UK personal debt was 1,122 billion, a growth of about 10.5% over the previous year and in the UK and each adult in the UK has an average of 4.1 credit cards in their wallet.
In their most recent report, Credit Action also recorded 2.3 million personal loan agreements in the second quarter of 2005. Interesting, the national money education charity discovered a gap between the interest rates advertised for loans and the actual interest rates paid by the borrowers.
So, with such volumes of debt, what is the best way forward in managing your money?
1) Prioritise your spending
Decide what you need to buy and when you need it. If its not a necessity, put it to the bottom of the list. With Christmas approaching, its important that you have an awareness of your budget. Make a list of things you need to buy including Christmas presents. Once you have a list, shop around for the cheapest deal including some internet research. Thirty minutes of surfing the internet could result in significant savings, which will either reduce outstanding debt or contribute to savings.
2) Prioritise your borrowing
If you borrow money, when do you think youd be able to pay it back? For example, for smaller amounts of money that could be paid within a shorter period of time a credit card might be the most flexible way of borrowing money. Alternatively, if you need to borrow a larger sum of money and wish to make the repayments over a longer period of time then a personal loan could be more effective. Do some homework online, sites such as moneynet and moneyfacts provide online financial product guides and price comparison information.
3) Prioritise your requirements
In addition to thinking about how much money you need to borrow and how you want to repay it, you may wish to look at other ways in which your financial products could work for you. Examples include cash-back, reward points, charity donations etc.
4) Never, ever, take out a store card
Whatever the discount the store offers you on the day, remember, it wont be as a gesture of goodwill. Nearly all store cards carry a vastly inflated rate of interest and they rely on you not being able to pay off the balance in full straight away. There is a strong chance that what you ultimately end up paying is far greater than the discount on the actual day.
5) Do you really need it?
As Christmas approaches, its easy to spend a little extra on clothes, food and drink and presents. However, if you make a list of what you need and stick to it, youre likely to save yourself more money this way than if you went out impulse shopping.
Okay, so youve applied for a rewards credit card. Now what? How can you maximize your returns for your reward credit card?
If youve chosen the right reward credit card, then you should have no problem in earning points more quickly. Consider what type of reward credit card you have and see if it matches your spending habits. If not, then its not yet too late to make a switch. If youre still planning about getting a reward credit card, then take your time in choosing the one that is most appropriate for your needs and lifestyle.
Choose your rewards credit card well
How do you normally use your credit card? Do you usually use it to pay for your monthly expenses such as groceries and utility bills? Does a large amount of your budget go to your car maintenance and gas expenses? Or do you travel a lot and spend more on hotel accommodations, car rentals and plane tickets? Based on your lifestyle, you can choose whether a cash-back credit card, a gas rewards credit card, or a travel rewards credit card will be best for you.
Check your credit report
Reward credit cards with the best deals are only offered for those who have excellent credit rating. Check your credit report and see if there are some steps you can do to improve your credit.
Take Advantage of the 0% Introductory Offer
Whichever rewards credit card you choose, there is usually a 0% introductory offer that you can avail off. The best ones are those that give a 0% APR on both purchases and balance transfers for a whole period of 12 months. Most reward credit cards come with a high interest rate so if you choose the one with 0% APR on purchases and balance transfer for a whole year, that would be a great savings and convenience on your part. There are credit cards that give a reasonable interest rate even after the introductory period expires and thats the reward credit card you want to have.
Ask for additional cards
Some reward credit cards give additional cards for other members of the family or even friends of the card holder. The points earned from additional cards still go to the main card holder so you get to earn more rewards at a shorter time.
Pay off your monthly balances on time
Even if you intend to earn as much points as you can, dont use your credit card for purchases if you know that you cant make your monthly payment on time. Unless youre still within the 0% introductory period, then you can afford to incur a remaining balance and pay it off for the next month. Remember that reward credit cards have higher rates and if you often incur a monthly balance, the amount you pay for your interest may be worth way more than the value of the rewards you actually get.
Use your credit cards to pay your utilities
If your credit card gives you a point for general purchases, then take advantage of it and use your card to pay your telephone bills, electricity and cable. Since you really have to pay for these bills one way or another, why not use your card and collect points at the same time instead of paying in cash?
Companies today are increasingly looking for ways to cut expenses and improve profit margins. Among their greatest expenses are fringe benefit costs associated with employee health care.
As such, many are looking at how the lifestyle habits of their employees – such as smoking – are affecting their bottom line.
Medical care and lost productivity cost employers about $3,856 per smoker per year, according to the Centers for Disease Control and Prevention. Men who smoke pay $15,800 more for medical care over their lifetimes and miss four workdays more per year than nonsmoking men; female smokers shell out $17,500 more in lifetime medical expenses and miss two days more from work than women who do not smoke, according to the CDC.
Some companies refuse to hire smokers or demand that their employees quit smoking or lose their jobs. Others are setting policies restricting smoking on or around company property and offering bonuses or other incentives for employees to quit smoking.
For those who want to quit but have failed with various cessation methods, one company says it has a unique solution that may help them kick the habit for good.
Safer Smokes Inc. offers a smoke called Bravo that has all of the characteristics of a tobacco cigarette with three key differences: no nicotine, no tobacco and none of the dangerous carcinogens derived from the additives found in commercial tobacco cigarettes. In lieu of tobacco, Bravo smokes are made with enzyme-treated lettuce leaves.
“You give up the nicotine and harmful tobacco without having to give up the physical behavior of smoking,” said Dr. Puzant Torigian, chairman and founder of Safer Smokes. “Once the nicotine leaves your system, the urge to smoke leaves you as well, and you smoke your way out of the habit just like you smoked your way into it.”
“For smokers challenged to quit the habit or quit the job, the key is to find a cessation strategy that works for them,” Torigian said. “Of all the choices on the market, Bravo is the only product available today that lets you quit the nicotine and tobacco habit immediately while you smoke your way out of the habit gradually.”
Tired of reading review after review about 0% APR intro rate credit cards? Having no luck when it comes to finding an all-in-one-review about 0% APR intro rate credit cards? Confused with what youve read so far about 0% APR intro rate credit cards because everything seems to be contradictory? Well, look no more because this article is indeed what youre looking for.
In here, youll learn everything you want to know about 0% APR intro rate credit cards. In this article, you may also discover more than you bargained about 0% APR intro rate credit cards in a good way, of course. Ready for Lesson Number One about 0% APR intro rate credit cards? Well, here goes.
Its True Yes, 0% APR intro rate credit cards do exist and if we have our way about it, youll be one of the lucky people to qualify for a 0% APR intro rate credit cards.
The Application Process Applying for any credit card, whether its for 0% APR intro rate credit cards or for credit cards offering reward points is always a tad difficult so dont expect overnight success, especially since youre angling for 0% APR intro rates.
The application process for a 0% APR intro rate credit card starts with submitting the necessary documents this is SOP for all credit card applications that would substantiate your contact details and give them an overview about your present financial status. Upon submission of the usual documents, depending on your income level and credit reputation, you may be contacted by the credit company and asked to submit additional documents.
The Qualifications for 0% APR intro rate credit cards Basically, if you want to have 0% APR intro rate, you must have a squeaky clean credit reputation. That means having a reputation of paying debts promptly, not owing too much from the bank, not having high balances on your other credit cards, not having too much mortgages under your name and not having so many people requiring a credit check on you.
If youre not sure whether you qualify for a 0% APR intro rate credit card, simply approach the nearest credit bureau and request for a copy of your credit report. The details in your credit report can easily tell you if youve a good shot of owning a 0% APR intro rate credit card or not. People with FICO scores equal to 650 or more are more or less guaranteed of having their application approved.
Fresh Start Loans For Bad Credit Applicants: A New Beginning
Having a poor credit history and a low credit score is something which is often hidden because it is looked at as something bad or shameful. Is it a sin to have bad credit? Of course not! And if you feel bad because you are going through a rough patch, you should think twice. Anyone can fall on hard times, it does not define you as a person. It just means you made some bad financial decisions and, what is more, it should be looked at as something to learn from.
A positive attitude towards your poor financial condition will give you the necessary strength to revert the situation and get back on your feet. The financial industry has come up with fresh start loans, which are the perfect aid for those who are experiencing a difficult situation as they will provide them with the chance to rebuild their credit and pay off their debt.
The Basics Of Fresh Start Loans
This type of loan is the answer to bad credit applicants prayers. They have been specially designed to aid those in a bad financial shape by providing them with the necessary tools to not only recover their good credit standing but also to pay off their outstanding bills and debts.
People who have a low credit score (below 600 is considered low) will often have a hard time obtaining finance due to the fact that they represent a high risk for any lender. But this is not always so, a bad credit applicant can be a homeowner and have a high salary, however, a bankruptcy claim may appear on their records, which instantly makes them a high risk applicant. It often occurs that individuals in need of finance apply with a wide variety of lenders and, once the lenders access their credit reports, inquires are performed. These inquires only contribute to the credit score dropping even lower. It is a vicious circle.
Fresh start loans carry very few requirements due to the fact that they are mostly consumed by bad credit people. They will become a breath of fresh air for those who had a hard time qualifying for any other loan.
Fresh Start Loans As A Credit Recovery Aid
People with bad credit or past bankruptcies will benefit from this loan because once they begin repaying it in a timely manner, these payments will be recorded on their credit reports and their credit scores will receive a boost. Over a few months worth of appropriate repayments, credit recovery will be achieved.
This loan will also be helpful for those with no credit history as it will assist them in creating one.
As you can see, this type of loan can be extremely helpful, all there is left to do is to find the right lender. Good luck!
The British Broadcasting Corporation also known as the BBC is a public broadcasting corporation. Therefore, it allows itself to ban materials that deviate from certain standards of civility. During the years, many singles that were seen as too explicit, distasteful or bear the potential for offending the British public were banned from BBC airplay. Here you can read about some of them.
In 1977, when England was celebrating the Queens Jubilee, the Sex Pistols had released their second single titled God Save the Queen. The single includes controversial lyrics that rhyme the national anthem title with fascist regime. Moreover, the record cover displayed a picture of the Queen with a safety pin stuck in her nose.
The single was found to offensive to be air played by the BBC, but it did not stop it from reaching number two on the BBC official singles chart. According to the myth, God Save the Queen was the top selling single in the UK at the time, but it was held back of number one to avoid controversies.
Serge Gainsbourg and Jane Birkin scandalous duet Je TAime … Moi Non Plus, translated: I love you… me neither, was the first ever number one hit to be banned by the BBC. Although at the time of its release, in 1969, the sexual revolution was celebrated, the British radio still was not able to cope with such explicit lyrics, not to mention Birkins moans and groans.
The BBC ban and The Vatican denounce, did not stop Je TAime … Moi Non Plus from being a top selling single in the UK and worldwide. In October 7, 1969, the single reached number one in the BBC official singles chart. At the same time, it had reached number 69 at the US singles chart.
Je TAime … Moi Non Plus was a major influence on another BBC banned single, Donna Summers disco pioneer from 1976 titled Love to Love You Baby. After counting 23 faked orgasms performed by Summer in Love to Love You Baby, the British Broadcasting Corporation banned the song. However, it did not stop it from becoming a massive hit. Love to Love You Baby reached number four on the UK single charts but peaked to number two on the Billboard pop chart.
Relax by Frankie Goes to Hollywood is one of the most controversial singles as well as commercially successful singles in history. The BBC did not only ban the song it also did not stop BBC Radio 1 DJ Mike Read to publicly express his feelings of disgust from the single’s explicit lyrics. In 1984, Relax stayed in the UK singles charts for 42 weeks. In five of them, it stayed in number one. By the end of 1984, embarrassed Auntie Beeb removed the ban. Relax is still very popular worldwide and it is one of the most recognized symbols of the era. The arguments on whether it gained such a huge success despite the BBC ban or the BBC ban helped promoting it have not been settled yet.
Paul McCartney and the Wings response to the 1972 Bloody Sunday events titled Give Ireland Back to the Irish, was banned by every media resource in the UK. It was forbidden from being broadcast by the BBC, Radio Luxembourg and the Independent Television Authority. In addition, the song title was not allowed to be pronounced on the air, so when it arrived to the BBC Radio 1 chart show it was presented as a record by the group Wings. However, Give Ireland Back to the Irish hit the top of the Irish singles charts.