FinanceDogma – Finance, loans, creditcard and mortgages

February 16, 2009

Credit solutions with bad credit

Filed under: Finance — Tags: , , , — admin @ 5:23 pm

Many people have missed a payment on a credit card or a utility bill some time in their life. To get out of that debt, they would have to try to pay off two bills at once. But what happens when they can’t make the payment on that new bill either?  The longer they let the debt go, the worse their credit rating will suffer. The more bills they have in collection, the lower their credit score will be because they haven’t paid off the debt.  (more…)

February 10, 2009

Pre-paid credit cards

Filed under: Credit Card — Tags: , , , — admin @ 12:02 pm

Do you want the security of a credit card without the interest rate every time you need to use it? All of the interest rates on a regular credit card can bring you down in debt if you don’t watch what you spend your money on. Some cards offer no interest rates until a certain year, or if you refer a friend you get something, but do you want to refer a friend to an 18.9% interest rate? No one wants to bring a friend into debt, but with the pre-paid credit cards, you don’t have to worry about that.

Pre-paid Credit Cards

Pre-paid Credit Cards

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January 26, 2009

Settling your Debts

Filed under: Finance — Tags: , , , — admin @ 12:36 pm

Debt is a major headache to every one of us. Too much of debts or liabilities can ruin a person’s life. It would also lead to unwelcomed psychological problems like Stress or Depression. You may have come across news which reports about a particular person who committed suicide due to surmounting debts. Debts can also cause other issues like seizure of your property (collateral security) if unable to pay a secured loan or difficulty in running your family.

Assets and Liabilities

To clear off your debts, you need to identify your assets (shares, home, land or property) and the total amount of your debts. This would help you to identify your net worth and also helps to take a decision to raise money by selling your assets like shares or surplus property. (more…)

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