Advantages and disadvantages of credit cards

Pros and Cons of Credit Cards Almost everything that has advantages will have its own disadvantages. In the same vein, the way you will expect to enjoy some advantages when using a credit card, you should also be aware of the disadvantages it carries. In this article, we shall look at both the advantages and disadvantages of credit cards. Advantages of credit cards Ease of use: You will agree with me that it is very easy to carry just a plastic in your wallet than bundles of cash in your pocket. Your card is worth your credit limit. This means Continue ReadingAdvantages and disadvantages of credit cards

Effects of too Many Inquiries on Credit Reports

Soft and Hard Inquiries Inquiries made on your credit forms part of the information you should expect to see on your credit report. But if you are the type that doesn’t care to ask about your credit report, you may not know how many inquiries that appears on it. You can’t just assume that there will not be any inquiry on your credit report. Inquiries can appear on your credit report for different reasons. Below are some of the reasons enquiries can be made on your credit. Application for credit card Each time you apply for credit card, the card Continue ReadingEffects of too Many Inquiries on Credit Reports

How to Refinance Car Loan for Better Result

Why should you refinance car loan? Are you contemplating on refinancing your car loan? Possibly you are already thinking about how rigorous it was for you when you applied for your existing car loan. You are already scared of starting and going through the process again. Well, the good news is that, it is easier to refinance car loan than you might ever imagine than to get new car loan. But before you jump into the conclusion that it is time to refinance your auto loan, it is important you understand certain circumstances which may necessitate anyone to refinance car Continue ReadingHow to Refinance Car Loan for Better Result

You Can Pay off Debt With These Strategies

How to Pay Off Debt. If you are finding it difficult to pay off debt, you are not alone. However, you don’t need to remain in debt perpetually. It is easier to accumulate debts. But when it comes to repayment, it is not always that easy as you may think. If you are debt free, I congratulate you. You may not actually know how important it is to be debt free. It is usually said that a cow does not know the value of its tail until it is cut off. Debt is not good. You cannot claim to have Continue ReadingYou Can Pay off Debt With These Strategies

Essential Features to Consider in Travel Credit Cards

Travel Credit cards are good for overseas spending. Travel Credit cards are not the same, the fact that they bear the same name notwithstanding. The only common denominator among them is that they are specifically designed to cater for overseas spending. If you are the type that travels a lot and buys things overseas, holding a regular credit card may not be suitable for you. Otherwise, you will be paying much in term of fees and interests which you can ordinarily avoid or reduce if you hold any of the travel credit cards available for overseas travellers. Why Travel Credit Continue ReadingEssential Features to Consider in Travel Credit Cards