‘Credit Cards’ Category

Rethinking Your Credit Card Usage

Posted in Credit Cards, General on Thursday, February 24th, 2011 at 08:10 by Martyn Shaw.

Credit cards are great financial tools that make it possible to make purchases now and pay them off a little later. When used effectively, the cost of these tools is relatively low in comparison to other financial strategies. The trick is to develop a new way of perceiving your cards and learn how to use them so that interest does not accrue and your credit rating remains solid.

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Why Paying Bills on Time Is So Important

Posted in Credit Cards, General, Money Saving on Thursday, February 10th, 2011 at 09:44 by Jessica Haynes.

Part of efficient management of the household budget is making sure that all payments on debts are paid on time, every month. While the temptation to delay a payment in favour of some other expenditure is ever present, households should resist the urge. While there are several reasons, the most important one has to do with the detrimental impact late payments have on the interest rates on your credit card accounts and the damage that the delayed payments have on your overall credit rating.

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Dealing with Increases in Credit Card Interest

Posted in Credit Cards, General, Money Saving on Thursday, February 3rd, 2011 at 09:55 by Martyn Shaw.

Many providers are increasing the annual interest rates on their credit card programs. This is in part due to rising concerns from some card providers about the possibility of defaults on the part of clients. While understandable, the increase can be distressing for consumers, who may find it necessary to make come changes in order to keep those interest fees as low as possible.

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Are Your Relying Too Heavily on Your Credit Cards?

Posted in Credit Cards, General, Money Saving on Tuesday, February 1st, 2011 at 12:07 by Jessica Haynes.

According to statistics released by Post Office, almost a third of households in the United Kingdom are utilising their credit cards to make ends meet every month. This can be a dangerous strategy that leads to financial ruin, if the usage of those cards is not monitored closely and exercised with a degree of prudence. In fact, it is possible to use your credit cards to manage monthly expenses and actually come out ahead in the bargain.

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Lower Your Debt Load This Year

Posted in Credit Cards, General, Money Saving on Tuesday, January 4th, 2011 at 11:56 by Martyn Shaw.

BlueCreditCard

With predictions of 2011 being a hard year for households, the idea of reducing debt is an appealing way of increasing financial security. Even if you are not particularly worried about rising petrol prices, increases in rail tickets or the rising cost of food, trimming your debt is still worth considering. Here are a couple of tips to consider.

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Setting and Managing Financial Goals in the New Year

Posted in Credit Cards on Thursday, December 23rd, 2010 at 11:09 by Martyn Shaw.

money-saving

While enjoying the fun of the holidays, many households are also using some time to start making financial plans for the New Year.  While the scope of those plans are as wide and varied as there are households, getting some idea of what you want to accomplish in the coming year is a good idea, [...]

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Choosing the Right Store Cards

Posted in Credit Cards, General, Money Saving on Wednesday, December 15th, 2010 at 12:33 by Martyn Shaw.

shoeshopping

Many retailers offer their own revolving credit accounts in the form of store cards that can only be used for transactions at locations operated by that particular retailer. As with any type of credit account, it is important to look closely at each plan and make use of it in a manner that is in the best interests of the consumer. Here are a couple of things to keep in mind when deciding whether to open a credit account with a specific retailer.

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Managing Credit Card Debt During the Holidays

Posted in Credit Cards, Money Saving on Tuesday, December 14th, 2010 at 11:35 by Jessica Haynes.

Credit Card Stack

According to a report released by the Bank of England, a quarter of families around the country are concerned about the impact of credit card debt on household finances. The fact is that with the spending frenzy that is common during the Christmas season, that concern is very real. If you want to at least partially minimise your worries for the coming year, try these tips to get the most from your holiday spending and still stay within budget.

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Avoiding Overdraft Charges

Posted in Credit Cards, General, Money Saving on Wednesday, December 8th, 2010 at 11:42 by Jessica Haynes.

overdraftdebt

With banks charging overdraft charges that are getting close to 20%, consumers should take steps to avoid using this service if at all possible. Fortunately, there are some alternatives that, while costing some money, may actually be a better option if you need to make a purchase now rather than later.

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Protecting Yourself While Shopping Online

Posted in Credit Cards on Tuesday, December 7th, 2010 at 11:49 by Martyn Shaw.

computer

Doing your Christmas shopping online is fun, convenient and often a great way to pick up a few bargains. At the same time, there is some risk involved, as unscrupulous scammers attempt to redirect you to copycat sites and capture your credit card and debit card information. Make things a little more difficult for them by taking a few precautions.

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