Skip to main content

Post-Christmas financial difficulties

If you�ve spent more than your budget can cope with, then maybe you�re thinking about credit to help you through January. Many people fear the long, broke month of January. After a lovely Christmas full of joyous smiles January can see a mood swing in the wrong direction. Many of us turn to credit cards to help get through this terrible month. But without knowledge of the financial industry a person without a great income can fall victim to the evil grip of unscrupulous credit companies.

In his newspaper article, Simon Bain of the Herald tells of how one particular bank has been sending credit card applications to people with offers of a credit card with APR of up to 69% (http://www.theherald.co.uk/business/52784.html). This astounding rate applies with a credit limit of �150, while an APR of 41% applies to a credit limit of �1500.

Quick additional sums of money may seem very tempting to people at this time of year, and without consideration a lot of people will be more than tempted. But it�s not until later that the repercussions of such a high interest hit home. This can lead to difficulties in February, which spill over into March �and so on, until before you know it it�s Christmas again and you have serious problems.

So before you go looking for short-term solutions that could lead to long-term problems, take some time to consider your options so that you can decide what kind of year you�re going to have.

There are many cheap and easy ways to get credit card advice this New Year. The best way is just to log on to the web. There are many sites out there dedicated to offering financial advice. One of these sites is Moneynet.co.uk. Here you can check out all of your options. There is a great page dedicated solely to providing credit card advice (http://www.moneynet.co.uk/credit-card-guide/index.shtml ) as well as many pages advising the card with best introductory rate, the best standard rate etc.

So, before you go down the wrong road, check out what your options are this January, and make sure you truly do have a happy New Year.

Comments

Post a Comment

Popular posts from this blog

A Comprehensive View of Environmental Insurance

The need for environmental insurance on a broad diapason of marketable insurance buyers has noway been lesser. The request penetration of the environmental insurance product line is presently lower than 10 percent. Insurance brokers aren't technically complete in the unique aspects of environmental pitfalls. The minimal decorations moment are at an each- time literal low, making environmental insurance affordable for nearly any buyer. The maturity of insurance buyers remain needlessly and ignorantly uninsured on both property and liability insurance programs for losses arising from a broad diapason of implicit polluted losses. Insurance agent and broker professional crimes and deletions loss exposures for failing to advise their guests on the need for environmental insurance are expanding at an unknown rate due to the wide vacuity of affordable environmental insurance contents.  Expanding Environmental pitfalls  Environmental pitfalls for marketable insurance buyers are expand...
Post a Comment
Read more

Financial Tenets

Finance at its core Individuals, families, businesses, governments, and virtually all organizations depend on finance. We will examine Walmart's financial reports in this course. We're going to observe Toys"R"Us's erratic cash flow behavior. We'll discuss the capital asset pricing model's trade secrets. What you must understand This course has no prerequisites because it is an introduction to finance in general. No specialist expertise is required. All you need is an interest in finances. So let's begin with The Institute of Financial Studies' Beginner's Introduction to Finance course (IFS). The directors talk about finance The board of a consumer products firm meets once every three months to discuss broad strategic problems. Inventory management, business acquisitions, borrowing guidelines, share buybacks, and the huge institutions that control your company's stock are among the topics covered. The board debates whether or not to issue ad...
Post a Comment
Read more