Saving money in the New Year

Published: January 30th, 2012 | Categories: Credit Card Articles | 0 Comments

The start of a New Year often means New Year’s Resolutions. We always start with the best of intentions but all too often, our new commitments don’t actually last very long at all. However, when we’re talking about things such as saving money, success really matters. From choosing the right 0% interest free credit card to starting a penny jar, there are lots of things you can do to save money – here are some tips to help you get started.

Start small

Sometimes, people find it easier to save money if they can actually see their stash as it grows. People sometimes also find it easier if they only have to save a little at a time. So, why not combine these two principles? Starting a jar for all your spare change might not sound like much, but it does build up over time. Plus, i Read more…

Car Financing 101

Published: January 27th, 2012 | Categories: Credit Card Best | 0 Comments

You may well be looking to purchase a new vehicle that is a new or additional vehicle for yourself or for family transportation. Perhaps you need the auto to drive yourself to work. Having a reliable car , truck or S.U.V. can solidify your income in place , or even allow you better employment for more pay. Hence you can justify financing that automobile product in order to purchase a better of more reliable product. What do you need to know as a consumer in order to negotiate a better auto finance credit deal be it new or used , Honda , Toyota , Chevy or Ford motor product. Get the best deal on the street.

How can you get the best deal when it comes to an auto or car loan. First of all it at all possible stay away from monthly payments. Monthly payments can go on for years and years as people extend the payment time frame. After all other costs and charges in your life are bound to come up.

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Online Versus Traditional Forms Of Auto Credit

Published: January 21st, 2012 | Categories: Credit Card Best | 0 Comments

Millions of consumers worldwide are moving into the cyber space era, where millions of transactions between a seller and a buyer are conducted online without the either of the parties ever meeting. The internet has made it possible for buyers and sellers in different parts of the world to carry out business as though it were really over the counter, and not overseas. This trend has impacted too the auto credit sector, where a consumer now has the option to apply for some form of auto credit online, then on approval receive the funds to purchase a car.

Most consumers prefer to deal with online auto financers because there is some level of anonymity. As much as the borrower would provide the required documentation and identification details, they would not have to sit face to face with the lender and suffer the public humiliation of being denied a loan.

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Tax avoidance is rent seeking, not productive activity

Published: January 18th, 2012 | Categories: Credit Card Reviews | 0 Comments

From the Treasure Islands blog:

It’s a point I’ve made repeatedly, in Treasure Islands and elsewhere. But I just looked up ‘rent seeking’ and this is Wikipedia’s contribution:

In economics, rent-seeking is an attempt to obtain economic rent by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth . . . attempting to enrich oneself by increasing one’s share of a fixed amount of wealth rather than trying to create wealth . . .the extraction of uncompensated value from others without making any contribution to productivity . . . people accused of rent seeking typically argue that they are indeed creating new wealth

Goodness me. Tax avoidance and evasion: doesn’t the shoe just fit perfectly?(And for those who aren’t familiar with ‘rent-seeking’ – economists regard it unequivocally as a bad thing.)

Loan Sharks – who and what are they?

Published: January 18th, 2012 | Categories: Credit Card Articles | 0 Comments

Over recent years, borrowing from traditional lenders, banks and credit card companies, has been harder and hard to do. As a result we have seen a rise in the number of people turning to payday loans and illegal loan sharks.

A loan shark is someone who will give a person a loan, charging them a high level of interest and short repayment terms. Loan sharks are unlicensed and operate illegally, as well as being unregulated from any governing financial body.

Loan sharks commonly prey on the most vulnerable people who have nowhere else to turn. When people struggle to pay them back, loan sharks often turn to threatening tactics to get payments from the debtor.

With many finding it more and more difficult to borrow in these tough economic times, increasingly people are turning to loan sharks. Figures released in 2009 by research agency, Debt on our Doorsteps, showed an estimated seven million people have borrowed from loan sharks.

If you have borrowed from an illegal loan shark and do not know what to do next… firstly you need to report them to the police or the Illegal Money Lending Team, details can be found on Direct Gov website by. Once you have done this you many want to look at your finances and seek free and impartial advice from Payplan to help you arrange your finances.

Have you had experience with a loan shark? Would you like to share your story and help others? This is the place to do it.

This is a huge problem, as is the confusion between these people and the legal loan sharks that MP Stella Creasy bangs on about.

The problem is that many people (not necessarily those that get pay day loans many of those are on average incomes, have lots of sources of credit and should know better) who are in poverty or close to it only have access to high cost credit (and only use it when the absolutely have to).

The best high cost credit providers dont make stupid profits, because they have to absorb the cost of failing clients. But the cost of legit, legal credit for the poorest in society is still, in my view, too darn high.

The only solution, I think, is to force mainstream banks to lend socially. 2% of the profits wouldnt be missed.