Recent events in the world economy have forced many people to take stock of their finances and realise just how reliant they are on credit. While mortgages, loans and credit cards may be grabbing all the headlines, it is important to remember that overdrafts can cause just as many problems.
And with people being advised to make sure the money they do have is working for them as well as it can, it could be that a customer should consider finding the best current account rate to be just as crucial as comparing the likes of credit cards.
Continue reading ‘Current accounts can be switched too’ »
Posted by Kristina Kreug on February 24, 2010 at 7:26 am under banking.
Tags: Abbey, Account, Alliance, bank, Base, Best, cards, Comparisons, Credit, Current, england, Leicester, loans, mortgages, Overdrafts, Rate, Santander, Switching
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Although it is mostly industry practice to charge a variable rate of interest on outstanding credit balances at a certain percentage rate above Prime Lending Rate, it is possible, these days, to obtain a fixed rate credit card. So, when would you want to apply for a fixed rate credit card over a variable rate credit card?
The answer to this may not actually sound as simply as you may think. Two factor need to be borne in mind: first, what is the Prime Lending Rate at the moment; and second, what are the chances of the percentage rate plus Prime Lending Rate going above the fixed rate?
Continue reading ‘Fixed Rate Vs. Variable Rate Credit Cards’ »
Posted by Kristina Kreug on January 24, 2010 at 9:41 am under Credit.
Tags: banks, cards, Change, cost, Credit, england, fixed, interest, prime, Rate, variable
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