Credit Card Minimum Payment and its Effects

What do you understand by credit card minimum payment? Why do the credit card companies encourage minimum payment? What effects does the credit card minimum payment have on your finance? These are the questions this article is about to address. We shall be answering the question one after the other. What is credit card minimum payment? Credit card minimum payment just as the name implies the minimum amount that your card issuer expects you to pay every month towards the repayment of your card balance. In most cases, it is usually expressed as a percentage of card balance. The rates Continue ReadingCredit Card Minimum Payment and its Effects

Debt Free Living-How to Live a Debt Free Life

Is it possible to be debt free in this era of credit economy? The answer can be both ‘yes’ and ‘no’. If you believe that you can be debt free, I will say it is possible. On the other hand, if you think that living debt free life is impossible, then it may be really impossible. However, the essence of this article is to help people that desire debt free living to see clearly how they can easily reach the goal. At the same time, maybe this article will be an eye opener to the category of people who believe Continue ReadingDebt Free Living-How to Live a Debt Free Life

The Risks of Driving with No Car Insurance Policy

Do you know that there are vehicles with no car insurance policy on the road? Even though this sounds incredible, there are people that choose to drive without any car insurance policy in place. Why will someone decide to drive a vehicle when he is aware that it has no car insurance policy? Well, some of them think they are cutting costs. This practice is totally wrong. Of course, some of those people that drive with no car insurance in place do this in ignorance. It is either they don’t know its implications at all or they don’t know the Continue ReadingThe Risks of Driving with No Car Insurance Policy