Balance Transfer Booby Traps And How To Wriggle Your Way Out
At one point or another in time, you must have noticed the explosion of balance transfers in the market. No matter whether you are in USA, the UK, or even Singapore, the market would have devoured this product one way or another until it became too saturated for lender to continue their aggressive acquisitions.
Balance transfers are fundamentally…
16 Facts You Are Supposed To Know About Your Current Loan Details
It is a wonder why most people only know 2 things about their loans. The quantum they borrow, and the monthly payment amount they have to make. Most people don’t even notice when administrative fees are directly deducted from the disbursement. Because usually when someone is getting a loan, his focus is probably on getting his hands…
3 Confusing Credit Card Traps That Are Often Overlooked
It would be basically idiot-proof if the terms of a loan is simply $14 interest on every $100. There will be less disgruntled customers and the issuers will have to spend less money on dispute resolution and customer service training. The sad part is that life will never be this easy. Adding unforeseen hazardous charges and penalty…
How Your FICO Score Is Calculated
The exact details of how your FICO score will probably never the light of day. Because if these details get into the public domain, there is a chance that people who are too smart will be able to abuse it. This can cause chaos in the financial world. Can you imagine if a serial debtor somehow manages…
Steps To Take In Correcting Credit Report Errors
If your fate would be decided by a set of information about you that is collected by someone else, how stupid will it be if the information negatively impacts you with inaccuracy and errors? It would be like getting your water turned off even though you have been diligently paying off the bills. You would have become…
6 Common Credit Related Frauds And Cardholder Scams To Protect Against
If you have never in your life been exposed to some sort of scam, you are a very lucky person or you must be living in the a box. Because all I have to do to see them in real life is fire up my email inbox. Hundreds of them will then be vying for my attention…