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6 Things You Should Never Put On Your Credit Card

Posted onSeptember 26/2016By

Credit cards make paying for things so much easier, but the catch is that you get slapped with big interest payments later on. Just because you can pay for it with credit doesn’t mean you should. Here is a list of things that you should avoid paying for with credit: Taxes If you owe the government money, it’s tempting to get rid of the tax bill with your credit card, but you just end up paying the bank even more money with the higher interest rates. Instead, request that the tax bill be paid in installments. You will still have to pay interest, but it’s far less than what you would owe the bank. Medical Bills Medical bills are another liability that would tempt you to reach for your credit card. As with the government, you have the option of paying the medical institution in installments. It will take longer,…

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5 Things To Know About Your New EMV Credit Card Chip

Posted onSeptember 19/2016By

The EMV credit card chip is designed to increase security against fraudulent activities with certain key features. The EMV has been around for some time now, and it has only just gained ground in North America. It works with an embedded chip as well as the magnetic strip that is found in traditional plastic cards. If you have never heard of the EMV card, then here are some things to know about it: You Insert/Dip Rather Than Swipe With the EMV card you insert/dip rather than swipe (although you can still do that as well) and most retail outlets have upgraded to facilitate this. Even if you don’t have an upgraded credit card, you can still use the traditional one at places that facilitate the EMV cards. Also, you can still use an upgraded card at an outlet that still uses the traditional magnetic strip card transaction. It’s Still a…

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What You Need To Know Before Applying For A Business Loan

Posted onSeptember 12/2016By

Applying for a business loan can be quite intimidating if you don’t know the ins and outs of the process. But by knowing a few things beforehand, you will be better prepared to apply for a loan or you will know whether you should be attempting to secure a loan at all. Your financial history and the soundness of your plan are some of the most important things. Here are a few tips to keep in mind when asking for a business loan: Know Your Credit Score A good credit score is the most crucial factor in securing a loan. This is especially important when you are approaching a traditional financial institution such as a commercial bank. It is usually one of the first things they ask for. If your score is not in good shape, then take steps to improve it before filling out an application. Be Clear About…

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How To Get The Best Mortgage Rate

Posted onSeptember 05/2016By

Getting a good mortgage rate depends on factors such as your personal circumstances, the institution you are dealing with and who is handling the mortgage transaction. Being in good financial shape and having steady, reliable income are major factors that can work in your favour when shopping for the best rates. Also, you need to have an experienced, knowledgeable professional who can negotiate on your behalf. If you are dealing directly with a financial institution that is providing the loan, you will have less negotiating power and you won’t be aware of all the loopholes. Here are a few steps you can take to secure the best rates. Improve Your Credit Score Ideally you should be debt-free when trying to secure a mortgage, but if you are in debt and managing it well (making your monthly payments and paying off small loans), then that will have a positive impact on…

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