Wednesday, 18 January 2012

Try Second Chance For A Second Chance

Second chance banking is usually needed after filing for bankruptcy, gone through an ugly divorce or filed for foreclosure on  their home. The individual credit rating of a person who has gone through such a financial catastrophe is normally totally  eliminated. Such individuals usually end up losing their credit cards and even bank account in some cases. To re-establish  one’s credit is a long and arduous process. Most banks are not open to letting a person start over without having some  collateral. This is where second chance banks with second chance accounts come in. Second chance accounts are bank accounts  made for people who have difficulty in opening an account in regular banks. Here these banks will not take...

Monday, 16 January 2012

Don’t Get Carried Away When Using Your Credit Card

Depending on the amount of credit that you have run up on your card there will be a certain minimum amount that you will have  to pay at the end of the month. Credit cards can be very convenient. If you do not have the funds to buy something at present  then you can purchase it on credit and then repay the money through your credit card payments. You should however be careful  when using your card because you could very easily end up in debt. A lot of people end up misusing their credit cards. They go on a shopping spree and end up swiping the card without much  thought. This is not good for your finances in the long run. Whenever you swipe a card you are spending money. Eventually you  will have to pay that money...

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