5 tricks to save money on your credit cards

Don't neglect small potential savings, they can add up at after certain period.

Being surrounded by different things which are draining our monthly budget, we are on a constant look out for ways to save money. The standard suggestions are that we should keep track of our spending, decrease utility bills, grocery bill etc. These suggestions are just fine and we should consider

Are long time savers risky borrowers?

As a saver you have the habit of depositing each month to your account, this should be valuable habit for banks.

One of the biggest problems for banks and any lender for that matter, is to provide lending to creditworthy borrower. Namely, they try to avoid borrowers that could potential default on their loans. The creditworthiness of borrowers is evaluated on the basis of a predetermined evaluation criteria. It should be

Negative amortization – do you know how it can affect your finances?

Watch out for the possibility for negative amortization on your loan.

Before talking about the negative amortization there are two basic things that should be briefly explained. Namely, when taking out a loan you should be acquainted with terms such as: loan amortization and loans amortization schedule. In simple words, loan amortization is the process of paying off the principal amount

Interest rate hike first in 2017 – Good news for saving accounts

Savers can earn more money if the trend of rise in FED interest rate continues

The expected interest rate hike took place on 15th of March 2017. Let’s not forget that there are expectations for an additional increase in Federal Fund rate by the end of 2017. A total of three interest rates hikes is expected for this year. Increase in interest rate is showing

Loan amortization defined

Understanding a loan amortization is important before taking out a loan

The need for a loan is imposing the need for you to understand different aspects associated with any loan. There are things such as interest rate, collateral, cosigner, repayment period, monthly payments, early repayment, etc. stated in the agreement. How many of these items in your loan agreement do you

The cost of credit card debt in other countries

The credit card cost is higher in some other countries

Credit cards are considered to be one of the most used financial products offered by banks and non-banking institutions. There are different types of credit cards available today. Credit cards can have different characteristics as well as conditions and charges. The common characteristic for them is that you pay interest

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