Britons know less about credit cards than groceries - Published:07/12/07
As a number of charge and rate increases hits the credit card market, it is "more important than ever" that populace shop around for a good deal, according to WhichInternet shoppers have been advised to use their credit cards for online purchases by shopsafecoukThe average Briton knows more about their everyday groceries than they do about credit cards, novel research suggestsOnly six per cent of those surveyed by image Financial said they felt sure in their knowledge of consumer rights relating to financial productsIn contrast, around a district said they were familiar with their rights as they related to the purchase of everyday merchandise and services"There is a sharp contrast in the time and power people put into finding the best deal for daily goods and services compared with how people manage their money," said Julia Dallimore of image FinancialOver forty per cent of respondents believe they are not getting the best deal on their credit card and other borrowingSeveral reasons were put onward by those surveyed to explain their lack of financial product knowledge – with indifference being the most common at over 30 per centA further district said the variety of options and choices available was just too confusing, while 16 per cent supposed they did not understand the technical jargon companies usedIn related news, Abbey bank investigate free today concluded that people in Britain ae more concerned about the state of their personal finances than they are with the danger of terrorist attackAlmost a quarter of respondents said they concerned about money, with crime, terrorism and climate.
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An Ultra-Cheap Loan For Life! - Published:18/09/07
If you need to borrow between, speak, £5,000 and £30,000 for whatever reason (for example, to pay money for a car, or pay for a holiday, wedding, separation or home improvements), a low-rate personal loan might be right up your roadThanks to loan rates as near to the ground as 57% APR, you can borrow quite considerable sums yet pay back only a modest amount of interest However, you should never borrow more than you can contentedly afford to repay, and you should read these twelve instructions before choosing your perfect personal loanThen again, if you're devious and play your (plastic) cards right, it's possible to borrow considerable sums at even lower interest rates For example, I know one Foolish reader who bought his novel car on a credit card which obtainable interest-free credit for a day (known as a 0% on purchases card) By paying only the minimum monthly repayments on his credit card and then paying off the entire equilibrium after twelve months, he enjoyed 0% finance for an entire year That's fairly an achievementAnother way of doing this would be to pay for your big purchase(s) using your obtainable credit card and then transfer your balance to a certificate that charges no interest on equilibrium transfers for an extended introductory period We call these 0% balance move cards, and you can learn the rules of the 0% move game hereHowever, movering balances between 0% cards every six months or so foliage a series of 'path' on your credit record which can hamper your ability to get credit in the future, as I warned here Hence, an easier and simpler option is to make use of low-rate lifetime equilibrium transfersUnlike the wonderful 0% cards, lifetime balance-transfer cards do charge interest, albeit at extraordinarily low rates As you can see from the next Best Buy selections, these lifetime rates really are a take, especially when you consider that the Bank of England's base speed is presently 475% a year:As you can see, it's likely to borrow cash for years (decades, if you choose) and yet pay an interest rate of under 4% a day However, you should never spend on a lifetime-transfer card, as your purchases will draw interest at the full standard rates that you can see in the third column of the table Be warnedFrankly, known that the average mortgage rate is about 55% a year, a lifetime balance-transfer is one of the cheapest ways to borrow money that you'll ever approach across Take advantage now while stocks last, because I can only see these crazy rates going upMore: employ the Fool to find cracking credit cards, ideal personal loans and magnificent mortgages© Copyright 1998-2006, The Motley Fool Limited All human rights reserved This material is for personal employ only The Motley Fool, trick, and the "trick" logo are registered trademarks of The.
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An Ultra-Cheap Loan For Life! >>
Big seven sale launched by first direct - Published:12/03/07
A new year sale has been launched by first straight which involves seven different crop in a move that could save its customers important amountsThe series of reductions have been branded the big seven auction and customers also have the chance to win a holiday at the seven star Burj Al Arab lodge in Dubai and an Audi A4 CabrioletAvailable until February 22nd, the products included in the first straight big seven auction are mortgages, firstdirectory, personal loans, life insurance, house insurance, e-savings and credit cardsUnder the terms of the sale, cashback of £7 is provided per month for seven months on both life and house insurance, three bottles of mauve can be won subject to conditions on the e-savings and credit card deals and firstdirectory - a wrap up including journey and insurance perks - has a discounted monthly subscription fee of £777There is a £50 prize given to individuals who switch their banking to first direct within the first.
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Big Seven Sale Launched By First Direct >>
