My Finance Site! » credit cards http://www.financelend.com Welcome to FinanceLend Sat, 26 Jun 2010 06:57:04 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Credit Card Debt: Get Out Fast http://www.financelend.com/credit-card-debt-get-out-fast http://www.financelend.com/credit-card-debt-get-out-fast#comments Tue, 27 Oct 2009 09:52:23 +0000 admin http://www.financelend.com/?p=74 ccIf your family is anything like the average family, then you’ll have credit card debt to pay off, and it may seems overwhelming at times.But read on, and by the end of this article you’ll have a better idea on how to get out of credit card debt fast.

First things first: keep track of what you owe and what you’re spending. Find out where your money is going every month, and you’ll have a better idea on how to start saving
.
Next, try to get a better credit card deal. Just by calling your bank’s customer service and asking for a better rate, you can be saving on your monthly payments and on your overall interest rate.

Work on trimming your bills – large and small. Contact your cable/internet/telephone provider, and try to find a better deal than the one you have. Keep track of your small, everyday expenses so you can have a better idea on what you spend the most money on. You may be surprised to find out how much you spend on coffee each month – and how much you can save by changing your habits, even if only slightly.

]]> http://www.financelend.com/credit-card-debt-get-out-fast/feed 0 Student Loans vs Credit Cards http://www.financelend.com/student-loans-vs-credit-cards http://www.financelend.com/student-loans-vs-credit-cards#comments Tue, 28 Jul 2009 21:57:47 +0000 admin http://www.financelend.com/?p=52 credit-card-debt-consolidationIf you are in college and are in sudden need of cash, there are two options available to you. One is the personal loan and the second is the credit card. You can get a personal loan either from federal or private parties. The biggest difference between using credit cards and loans when you are in college is the interest that needs to be paid. In the case of a loan, you can start paying the interest after graduation, but in the case of credit cards, you will have to start repaying after the grace period of 60 days and banks charge the normal rate of interest like any other credit cards. So it will not be a very wise decision to use a credit card when you are in college.

Even if you take a credit card when you are in college, use it wisely and start building a good credit history. During college days, it is advisable to use the credit card when you have cash. The advantage of it is that you can make the payment within the grace period. If you follow this method, you can build up an excellent credit score. Actually, both credit cards and loans have advantages and one must know how to balance between the two.

]]> http://www.financelend.com/student-loans-vs-credit-cards/feed 0