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Tag: Interest Rates

What Does a Credit Card Hardship Program Entail?

What Does a Credit Card Hardship Program Entail?

Finance
While the prospect of letting your credit card issuers know you’re struggling with money might seem like a situation you’d like to avoid at all costs, there are certain instances in which it’s more beneficial to be honest than to keep your troubles hidden — and risk falling behind on payments altogether. Believe it or not, sometimes lenders are pretty accommodating when borrowers are having problems. But you will have to have a frank conversation with your creditors to qualify for any sort of hardship program. Otherwise, the bills will keep coming, the interest will keep accumulating and your credit score will keep taking hits. Credit Card Hardship Programs: What to Expect While creditors don’t unanimously offer hardship provisions to cardholders, many do. And, if you’ve never hea...
3 times when it’s recommended to take out a loan

3 times when it’s recommended to take out a loan

Finance
  The decision to borrow money is not a tough one to make. Borrowing is part of something that allows you to get over a period of financial hardship. When you take out a loan, you can use the money for any purpose that you would like. This gives you a great deal of flexibility. However, it’s important to be a responsible borrower. Many individuals take out loans without the intention of using the money the way the lending institution believes they will. This is a big mistake. If you’re going to take out a loan, it should be for a legitimate reason. In what follows, we’ll present the best reasons for borrowing money. 1. When you consolidate debt at a lower interest rate If your financial situation gets out of control, your physical and emotional health will have to suffer. Whe...
Latest Fixed Deposit (FD) Interest rates for Senior citizens

Latest Fixed Deposit (FD) Interest rates for Senior citizens

Finance
Senior citizen  Are you an Indian above 60 years of age? Great! Citizens above the age of 60 years are known as senior citizens in India. You can avail of all the benefits which a senior citizen enjoys in our country. The most crucial advantage a senior citizen can avail is higher interest rates on term deposits. Financial bodies like banks and NBFCs offer this advantage. If you choose to invest your funds in these financial bodies as fixed deposits, you can expect a higher interest on your FD. Fixed Deposit for Senior Citizens The Senior Citizen Fixed Deposits (FD) are term deposit plans which are customized for you to give you maximum returns on your investment. FDs have become an attractive investment option for senior citizens because of the safety of the invested amount and v...
Applied for a Poor Credit Business Loan?

Applied for a Poor Credit Business Loan?

Finance
A few setbacks in recent years have left you wondering if any lenders would provide financing to the company. While it’s true that some lenders will not work with you until your credit score recovers, there are others who would be willing to extend Toronto poor credit loans that will help your business in more than one way. As you begin to weigh options for financing, keep these basics in mind.   You’ll Have More Options If You Focus on Secured Loans With your credit score in less than top shape, locking in an unsecured loan is less likely. Even though you may find a lender or two who’s willing to talk about this loan option, you’ll find seeking a secured loan a lot easier. That’s because pledging some asset as collateral reduces the level of risk to the lender. When the ...