How to Get a Higher Credit Card Limit

December 14, 2012  //  Posted by: Financial advisor  //  Category: Credit

Credit Card Limit, Credit CardThe economy is very unpredictable so it’s but natural for people to want a higher credit limit. With low credit limits, you might tend to overuse it and end up in debt and then you’ll have a bad credit record. On the other hand, if you have a higher credit limit and you spend your money consciously, it’ll have a positive effect on your credit score. For whatever reason, you’re trying to get to increase your credit limit, you must remember to follow the right steps otherwise the whole process might take longer than you expected.

First of all, you need to send an application to your credit card company. In some cases, even if you have a low income, you can get to apply for a higher credit limit. But you would need to enquire about that separately. You can also get quotes from different companies and compare interest rates to check which one is more suitable for your requirements.

Alternative to debt relief

December 09, 2012  //  Posted by: Financial advisor  //  Category: Debt Consolidation

debt relief,  debtPartial or total relief of debt owed by an individual or company to banks, government agencies or to other companies is termed as debt relief. There are support and counter arguments for this kind of debt relief process. Normally an individual or company will ask for debt relief if they are faced with bankruptcy. Debt relief can be made between two nations as well.

Facing bankruptcy is a difficult time period, it brings stress and great anxiety. There are some alternatives to this debt relief program, these are tried out before going in for debt relief. These alternatives will provide flexible repayment methods.

Here are some debt relief alternatives…
• Debt negotiators will work with banks and credit card banks to provide a debt settlement or flexible repayment schedule to the company or individual.
• Work with the creditors to get the interest rates reduced, so that it’s not a burden.
• Liquidating the assets to settle the debts.

Basic difference between currency and true money

December 04, 2012  //  Posted by: Financial advisor  //  Category: Personal Finance

currency, true moneyDo you have a clear idea about the difference between currency and true money? In all probability, you do not. Currency is basically the circulating exchange medium. It is used as the intermediary in trade and currency in used to avoid barter system like the yesteryears. Currency is the standard measurement of value. Some of the key benefits of currency is divisibility, durability, easy transportation, capable of mutual substitution and is fungible. Therefore, currency is used easily throughout the world.

Meanwhile, true money has all the attributes of currency mentioned above but there is a difference. Money is a store of the true value. While paper currency is designed in such a manner that it loses its value over time, true money holds its value over time. The most popular examples of true money are gold and silver and they have been in demand for more than 5000 years. So, true money is far valuable compared to currency.

An account on consolidation of student loans

December 01, 2012  //  Posted by: Financial advisor  //  Category: Loans

student loans, loan repaymentA student loan consolidation can be a very good idea when it comes to combining an existing loan with a new one with just one monthly payment along with a rate of interest that would seem reasonable. You will be able to get your monthly expenses lowered as you will be able to get the monthly payments reduced potentially.

Repayment can be simplified as you will be able to combine the existing loan and get just one single statement for the month. Another good thing is that you will be able to choose the type of rate for your loan as you will have a selection of variable interest rates or competitive fixed rates. You will also be able to enjoy a very great way of saving money. You will be able to get the rates that are already competitive with exclusive discounts on the rates of interest in case of some private consolidation programs.