Posts Tagged ‘Interest Rates’

Posted on November 21, 2009 - by admin

Non Status Loan interest Rates

Higher interest rates divide a a non status loan from the a standard product.  This will minimise lender risk and the same interest rates won’t apply to everyone.  The worse your situation is, the higher your interest rate will be.  Don’t make your situation worse by defaulting on payments;  be certain here that you can afford your repayments. Something like that will certainly show up on your credit score.  Most non status lenders prefer to so business with homeowners,  so you will have to put up your house as collateral to get the loan you want. As long as you keep making your repayments there will be no problem, but stop them, and you risk losing your home and/or personal possessions. Payment protection insurance will help here, but it will add to your monthly cost and in your overall total repayment. These types of loans will allow little flexibility. Most likely you won’t get payment holidays, you could be charged a fee if you repay your loan early and they might not let you overpay if you happen to have extra cash to put toward your loan.

Posted on August 13, 2009 - by admin

0% interest rate credit cards-a shoppers dream

Imagine you can go shopping with your credit card and make purchases till you reach your credit limit and not pay any interests on your purchases. Wouldn’t this be really fantastic? Now credit card companies have come up with this 0% interest rate credit card idea as competition among credit card dealers has increased. There will no difference between salary days and the last days of the month with these 0% credit cards. You can make big purchases at any time of the month regardless of your bank balance. Some credit cards with nominal interest rates offer 0 % interest rate credit card services in certain areas like for buying air tickets, hotel reservations, booking golf courses, balance transfer etc. These selective services also tempt credit card users to have multiple cards. Nowadays some people have so many cards that they have lost count of how many cards him/her posses. Before 0% interest cards it is better to do a small research on these cards as there as there are a hand full of these cards available through numerous banks today. If you have  good credit rating all the best banks would line up to offer you one of these 0% interest credit cards.