Credit cards provide a great convenience to us when making our transactions. If used in a right way, it gives a maximum convenience and benefit. In contrast, if it is used in a wrong way, they become a financial mystery. The following are some of the smart ways of using a credit card.
When we talk about credit card usage we find different people managing it in a different way. Some people are highly disciplined and never default on their monthly installments and others are so messy that they are always on the top of the defaulter list. Managing finance is a complex task and it’s very… Read More »
Polonius, a character in Shakespeare’s play “Hamlet” advises his son, “Neither a lender nor a borrower be”. With due respect to Polonius and his genius, credit has become a part and parcel of our life. While most of us cannot be lenders, we are bound to be borrowers because of the system we live with.
Can you survive a job loss for six months? Do you have some funds stashed away for such emergencies until you gather your reins and surge ahead confidently with a new job and a new plan for the future in place? What about a medical emergency? Do you have resources that you can tap into… Read More »
The one thing that he forgot was to be educated about the different features this card offered, read the agreement and understand the cost of using each of these features. The card offered a grace period or free credit period of 30 days. Thereafter, it charged 3.5 percent interest on the outstanding amount due. Mr.… Read More »
There is no place like home. It is a secure haven that everyone loves to retire to after a hard day’s work! However, in today’s scenario, a home without a loan is unthinkable for an average Indian citizen. Getting a loan means repayment starts straightaway and a good portion of the income has to be… Read More »
New Year brings with it new beginnings for all walks of life including financial management. Everyone wants to have a good and perfectly organized financial life but seldom do people achieve the goal. One of the biggest reasons that people fail to attain their financial freedom is due to the dreaded debt tarp. Debt can… Read More »
With the credit card being one of the most popular financial products to be in use in modern times, it is very important for every user to be fully aware of its working and implications. Although people spend considerable amount of time researching on getting a good credit card, very few actually take the time… Read More »
Becoming a victim of circumstances or willfully being a loan defaulter whether of large sums or for a small amount, is not good for your credit reputation. Often loan defaults occur when you take on too many debts simultaneously and then find it difficult to manage!
Enough can’t be said on the diligent care one must take when handling a credit card! Sometimes, you may feel that a particular card is not of much use to you, or you may realise that you are holding several credit cards and many of them are not getting used. So you may wish to… Read More »