January 10, 2012 | Posted by admin
Reading your credit card agreement or monthly statement can be a challenge. The legal language can be intimidating a and the numbers don’t always make sense at first glance. It’s possible to wade through the language, though, and it’s important to make the effort. Finding out after the fact that your card charges $35 for a late fee, for example can be a little frustrating. Here are a few terms that every credit card user should know.
- APR: APR stands for Annual Percentage Rate, which is the interest rate you’re charged each year on your credit balance. You may have two or more APRs associated with your credit card: a standard APR, an introductory APR if your card offered a special, lower interest rate for a period of time after you opened the credit card account, and a cash advance APR, which is typically higher than the APR for purchases, and a penalty APR, which is a higher interest rate that’s charged if you miss payments or are late with payments.
- Balance Transfer: A balance transfer is when you move the balance of one credit card to another credit card. This is typically done to get a lower interest rate or consolidate debt.
- Cash Advance: A cash advance is a withdrawal taken from your credit line in cash. You can take cash “out” of your credit card at an ATM or bank, and many cheque cashing business offer this service as well.
- Credit Limit: This is the maximum amount you can charge to your credit card. Most credit cards charge a fee if you exceed your credit card limit.
- Grace Period: Your grace period is the period during which you are not charged interest. Any new purchases that are paid off on the first statement on which they appear will not be charged any interest.
- Minimum Payment: This is the minimum amount you’re required to pay each statement. This is listed near the top of your credit card statement. If you don’t make at least the minimum payment each month, you may be charged late fees or a higher, penalty APR.
- Prime Rate: This is an interest rate that’s published in The Wall Street Journal and is based on the federal funds rate. The federal funds rate is the interest rate banks use to borrow money from each other.
- Variable Rate: Some cards have a credit card rate that varies from month to month. This is called a variable rate.
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Tags: card rate, credit, credit card rate | 
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November 25, 2011 | Posted by admin
The Finance & Leasing Association (FLA) published data this week which shows that more customers are buying used vehicles with car finance deals.
The FLA figures showed that some 66,000 used vehicles were purchased via car finance during the month of September, with a total financial value of more than £600 million. Additionally, around 60 per cent of new cars bought in September were bought through car finance deals.
FLA head of motor finance Paul Harrison told rac.co.uk that “September is a hugely important for the motor industry as it sees the release of the new number plates. Our figures make encouraging reading for dealers and finance providers in what are still tough trading conditions.”
“Dealer finance has bucked the downwards trend of some other lending markets, in part because of the wide range of products available to consumers.”
According to a recent report by the Press Association, the price of used vehicles has also been falling, with the average price now £8,870 – some 2.4 per cent less than 12 months ago.
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November 25, 2011 | Posted by admin
New figures released this week have revealed complaints about used car finance and the state of the used cars themselves to be top of the Office of Fair Trading (OFT) list.
Across the UK, more than 56,000 people have complained to the OFT about these issues in the year so far, the watchdog revealed today.
The figures showed that over 70 per cent of complaints were about problems with the vehicles, while more than 13 per cent concerned false or misleading claims by the seller, either about the car or its car finance package.
The OFT is launching a Know Your Consumer Rights campaign covering the potential problems encountered when buying a used vehicle.
As part of the campaign, the OFT has produced a short film which can be viewed online, to inform people about their basic rights when buying used cars, and what to do if problems emerge after the sale is over.
Categories: car finance | Tags: car finance | No Comments »
October 28, 2011 | Posted by admin
Here are Surf4finances Top 10 Insurance providers for 2012.
1. Hiscox Insurance – 
2. Churchill Insurance - 
3. Direct line Insurance – 
4. Kwik Fit Insurance – 
5. Co-op Insurance – 
6. Yes Car Insurance – 
7. Virgin Insurance Home Insurance – 
8. Virgin Travel Insurance – 
9. Be Wiser – 
10. The Green Insurance company – 
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June 23, 2011 | Posted by admin
Managing several debts to several lenders can be confusing. If you’re concerned about getting into difficulty ‘juggling’ your unsecured debts and keeping on top of your monthly repayments, you might want to consider ways of simplifying your debts.
One possible approach is debt consolidation. When most people talk about debt consolidation, they usually mean a debt consolidation loan. Depending on your personal circumstances, taking out a debt consolidation loan could allow you to repay your debt at a rate you can comfortably afford.
How does a debt consolidation loan work?
A debt consolidation loan is a new loan you use to pay off all your existing unsecured debts. This basically works by ‘rolling’ all your debts into one single debt, so you don’t have to keep on top of multiple debts to multiple lenders.
By bringing all your debts together with a debt consolidation loan, you can start making just one monthly payment to just one company – a payment that you can specifically arrange to be affordable.
Taking out a debt consolidation loan also means you’d know exactly how much your debt will cost you every month, and can make it less likely that you’d incur extra charges by missing your payments.
Are there any drawbacks to debt consolidation?
In many cases, taking out a debt consolidation loan is only appropriate if you can consolidate all your unsecured debts.
What’s more, it can also let you run up new debts on your credit cards or overdraft, so if you feel you don’t have the willpower to resist doing this, a debt consolidation loan might be a bad idea.
It’s also important to be aware that agreeing to repay your debt by making smaller payments over a longer period could increase the overall cost, as you’ll be repaying interest over a longer period too.
Is debt consolidation right for me?
Generally, debt consolidation loans are best suited to people who are managing their debts relatively comfortably, but want to simplify their debts (and potentially reduce their monthly payments).
Taking out a debt consolidation loan is only a good idea if you know you can afford to repay it, and if you have a regular income that means you can cover your monthly repayments. If you actually can’t afford to make your repayments to your existing debts, and you’re looking for debt consolidation in Scotland, a solution such as a Trust Deed may be the best way out of debt for you – to explore your options, speak to a professional debt adviser.
Also, if you’re worried about your credit record, it’s worth remembering that taking out a debt consolidation loan won’t damage your credit rating. In fact, since it can make it easier to make all your payments on time, it could actually help you protect it.
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April 30, 2010 | Posted by admin
New figures have revealed that more people are repaying loans than are applying for fresh credit.– as were those with personal loans.
Fresh figures from the British Bankers Association (BBA) show that the amount of applications for new loans is being outstripped by the sums going towards repayment.
The BBA said that the situation was down to low interest rates combined with the tougher lending criteria applied by most banks, which is incentivising the swifter repayment of outstanding debt.
The association’s director of statistics David Dooks said that UK interest rates were enjoying a relatively stable period at low levels. Homeowners in particular were using this period to increase the level and frequency of their repayments
He noted that lenders were themselves urging people with mortgages to use any extra money in their budgets as a result of interest rates to reduce the amount of their debt. Mr Dooks told the BBC that “homeowners are reducing mortgage debt by making, or maintaining, higher repayments using the extra cash generated by lower mortgage rates.”
He also pointed out that this was the case among borrowers who had previously taken out unsecured personal loans.
Mr Dooks added: “People are also holding more cash in their everyday accounts, rather than building up savings accounts and overall unsecured borrowing levels are standing still.”
He conceded that the latest figures also revealed a minor increase in levels of spending on credit cards, but stressed that the amounts involved were smaller than in previous years.
Although personal loans are harder to come by than pre-credit crunch, there are still many good deals to be found online. The use of a good financial directory will help point any potential borrowers in the direction of the best loans available.
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April 22, 2010 | Posted by admin
New research has found that people are increasingly taking out personal loans to finance home improvements or pay for a car than for the purposes of debt consolidation.
A study carried out by Sainsbury’s Finance found that over the past two years, the amount of loans undertaken for the purposes of debt consolidation have dropped significantly.
Researchers found that in 2007, one in every £13 borrowed by Sainsbury’s customers was going towards consolidating debt. However by 2008 this figure had shrunk to a pound in every £19 borrowed, and last year this ratio had increased to just one pound in every £50, with more respondents admitting that the sum borrowed was for a major purchase or a holiday.
Sainsbury’s Finance head of loans Stephen Baillie said: “Debt consolidation has always been one of the most common reasons for people to take out personal loans.”
“But while more and more people are taking out a loan for other reasons, there has been a sharp decline in the proportion of people borrowing money in order to consolidate their debts.”
Despite this, Mr Baillie pointed out that people with a large number of separate debts would still greatly benefit from debt consolidation. Using a reliable financial directory and searching online, a potential borrower can track down the best rates and significantly reduce their monthly payments.
Some analysts believe that the rising cost of personal loans is providing a real incentive for people to reduce their debt levels. Bestinvest senior investment advisor Adrian Lowcock said that he thought the phenomenon was a “medium to longer term thing because borrowers can’t access the debt that they used to be able to get.”
He went on to predict that if the cost of personal loans continued rising then there would be even less need for debt consolidation because general levels of borrowing would be lower.
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October 28, 2009 | Posted by admin
Payday loans – Meet cash requirements till the payday
If you run out of money prior to your next payday, payday loans can help out of the situation. Payday loans are short term loan which have to be paid back by the next payday. When you take the loan, the lender asks you to sign a check for the loan amount along with some fees. The lender will retrieve the money from your account on the payday. If you’re unable to make the payment, the loan keeps accumulating.
Qualifying for a payday loan is not very difficult. But you’ll have to meet few basic criteria in order to get the loan. Given below are few eligibility criteria.
1. You should be minimum 18 years old.
2. You need to be employed with a minimum income .
3. You should be an U.S citizen.
4. You should possess a valid and active bank account.
5. You should be able to provide proper evidence of address.
7 Advantages of payday loans
Given below are the various benefits of payday loans.
1. You can get the loan within 24 hours.
2. You need not be physically present to apply for the loan.
3. You will be relieved from lengthy loan processing.
4. You can borrow money irrespective of your credit score.
5. You can meet urgent cash requirements.
6. You don’t have to keep any collateral to the loan.
7. The loan can be paid easily and there are no installments.
Payday loans offer you fast cash in times of need. But don’t make it a habit and start using it for every small necessity. Be careful of the high interest rates and do not accumulate payments.
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September 30, 2009 | Posted by admin
The best pet insurance online
We love our pets and so we want to protect them from all adversities. And one of the best ways to protect your pet is to opt for a pet insurance. And just imagine how you would feel if you get some cash back on your pet insurance? Great, isn’t it? You would not only have insurance for your lovable poodle, but also a good discount.
Marks and Spencer, a renowned insurance company offers you an opportunity to generate yourself £10 cash back on signing up for a pet insurance policy through surf4finance. Marks and Spencer pet insurance is available for pedigree cats and dogs as well as crossbreed cats and dogs. The pet insurance offered by Marks and Spencer takes care of the following:
- Veterinary fees for illness and injury of the pets
- Prescription food
- Advertising cost and reward expenses in case the pet gets stolen or lost
- Emergency boarding costs
Marks and Spencers offer the best pet insurance
The costs of any long term treatment for your pet are also borne by the policy. You may go in for the Premier cover or for the Standard cover depending on your needs and requirements. The insurance cover is available when your pet is at least 8 weeks old. However, there is no upper age limit. The insurance company also offers 15% discount when you buy the policy online.
For more information regarding pet insurance companies and cash back offers, you can log on to a reputed and renowned financial services directory. A reputed financial directory offers a wide list of companies offering top cash back insurance offers on pet insurance as well as other insurance covers.
The best pet insurance
Dont forget to email your details so we can send you your cashback to info@surf4finance.com
Categories: Top Cash Back | Tags: pet insurance cashback, the best pet insurance | No Comments »
