Finance Divide

How to find 0% Interest Credit Cards?

// August 13th, 2009 // No Comments » // Credit Cards

Today with the number of fraudulent cases increasing and the credit card companies tightening their rules and regulations, it is difficult to find good 0% Interest credit card interest offers.

Tips and tricks to find a valuable bank offering 0% Interest Credit Cards

1.       Three things you should look for in a 0% Interest Credit Cards are Duration of interest free period, Balance Transfer facility (from and to) and Lifetime offer

2.       Call up the Customer Care of various banks. Clarify all the questions you have related to 0% Interest Credit Card Schemes being offered.

3.       Ask them to send a representative to your place if required to understand their offer completely.

4.       Ask your friends, relatives or colleagues about their comfort level using their 0% Interest Credit Cards.

5.       Check for the Internet Banking services provided by the bank.

6.       Check for the Payment modes and services (Check Drop Box) offered by the bank.

7.       Look for 0% Interest Credit Cards that offer you EMI facility where you can break down a payment into monthly installments at low interest rates.

8.       Keep a check on the Interest rates applied when the duration of the interest free period expires.

9.       Keep a check on the Interest rate for penalties.

The Benefits of Debt Consolidation

// May 25th, 2009 // No Comments » // debt

Almost everyone has heard of debt consolidation, but many people are still confused about just how it works. It’s actually a simple process in which you obtain a loan for the amount of money you owe and pay off all of your existing debts. Then, instead of multiple monthly payments, you only have one convenient payment.

While it might seem futile to borrow even more money to pay off money that you already owe, debt consolidation has a lot of great benefits. It can keep collection agencies and creditors from harassing you and relieve the stress of constantly worrying about how you’re going to make it from one payday until the next.

You can borrow money with a lower interest rate than you currently have, which in itself can save you thousands of dollars over the course of a few years. And, when you combine all of your debts into one, the payment can be as much as hundreds of dollars lower each month than you’re currently paying.

Short of filing bankruptcy, debt consolidation is the best way to get back on your feet and out of debt. It can allow you to be able to keep more of your money in your pocket each payday. And, can even help you to protect your credit rating.