bookmark_borderReasons to Use Online Banking

Online banking allows you to run your day to day finances, and manage your bank account, with ease and convenience, and with this method of banking you are always in control. With online banking you get to enjoy convenience, ease, speed, and increased control, which is why so many people now decide to conduct their banking transactions online rather than at a branch. The main reasons many people opt to use online banking are:

  • The ultimate in convenience: When you use online banking you can conduct your transactions from the comfort and privacy of your own home, so you won’t have to worry about going out to your local branch, spending time queuing up, and trying to fit your banking commitments into your busy day, which can be particularly difficult for those that work full time.
  • No time constraints: With regular banking you are restricted in terms of when you
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bookmark_borderHow To Save Money

If I ask you how to save money? Either you would be confused or overflowed with hundreds of money saving ideas. There are some common ways to save money applicable to the masses and there are some exclusive money-saving ideas researched and applied to you only. Things are good and effective so far as you apply your tips and tricks properly. Here I am enlisting 25 realistic and simple money saving tips for the readers. Please note that all these money saving tips may not have the fullest implications in one’s life, but a few out the of money saving ideas listed below have a qualitative impact on your pocket.

Pay your debts on time

Try to pay your debts on or before time. Be it credit card bill or loan interest, paying on time not only saves you from additional interests and penalty but gives you a high creditworthiness. … Read the rest

bookmark_borderGet Your Teen Started With Credit Cards

Check the teen’s credit report together.

It is not a secret that you can simply do this online. At first there should be no credit. Parents should explain that the use of the credit card will be reported to the major credit bureaus, thus any late payment will stay on the credit report for seven years. Teens should know and understand that credit reports are very important and they affect the cost of loans, mortgages, auto insurance as well as it impacts the decision of a potential employer or a landlord.

Parents can add a teen to their cards as an authorized user.

It can be useful to open a new account together with a teen. Just use a low credit limit and set up an online access to monitor spending.

Parents can consider student credit cards.

They are now offered by the major card issuers. They are provided with … Read the rest

bookmark_borderNeed Good Personal Credit

  • Buying a House – When you purchase a home you’re entering into a long-term agreement. You want to make sure you have a great credit score so you’re able to obtain lower interest rates and more available credit. By having low credit scores your limiting your ability to dictate to the lender the terms your most comfortable with.
  • Purchasing a car – Much like buying a home when your go to buy a car you need buying power. If you have no money down then you’re going to need to have great credit scores to convince the bank you’re a low risk. You want the best terms possibly and most affordable for your situation. Make sure you approach the dealership with confidence by having excellent credit.
  • Getting a Job – If you don’t know now you do more and more employers and requiring credit checks for new employees. This could
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bookmark_borderQualify for Lawsuit Loans

With this type of loan, you are essentially borrowing money against the settlement or judgment that you are expecting from the lawsuit you filed. Many victims of personal injury and similar cases apply for lawsuit loans because they don’t have money to pay for your large medical bills as a result of the injury they incurred. They also use the money to cover living expenses, loans and legal expenses.

The fact of the matter is that a lending company that specializes in settlement advance loans take a substantial risk every time they grant this type of loan to a plaintiff. As such, it will only lend you the money you need if it’s very confident that you have a good case. They will contact your lawyer and ask them as much information about your lawsuit, and the processing time may take a while as well.

Lawsuit advance lenders require applicants … Read the rest

bookmark_borderBasic Financial Planning

  • Know your financial needs, priorities, goals, etc: What do you wish to achieve in your life, from a financial perspective? Is there a realistic way, to do so, by using personal discipline, and a focused approach/ plan? Will you begin financial planning, for your present, and future needs? What will you do, to plan, for your children’s educational costs? How about your retirement? Many give up, because they feel, they do not have the ability to achieve these objectives, but, most people do, if they plan, far enough ahead, and discipline themselves, consistently. After all, you pay many bills, every month, including your mortgage/ rent, utilities, and other current needs, so wouldn’t it make sense, to proceed, with the discipline and attitude, to pay yourself, first?
  • Periodic payments/ installments; dollar – cost averaging: For the average person, the best way, to attain and maintain, a significant, diversified portfolio, is to
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bookmark_borderMortgage Loan Insurance

It should go without saying that Mortgage loans and housing corporation (CMHC) is one of the finest option for mortgage loan insurance which is to protect a particular bank from you. It is an implication of the fact that even if you fail to pay your mortgage at the required time, the bank would no longer be able to sell your property since the insurance will cover the rest of the amount that you owe.

There is no argument over the fact that mortgage insurance is primarily premised on the fact that it protects the banks, however, it does also provide a number of benefits to the home owners in Canada as well.

The Canadian mortgage loan insurance has an average range that lies somewhere between .5 and 2.9 percent of the overall mortgage. It is to be kept in mind at all times that the rate is entirely dependent … Read the rest

bookmark_borderCredit Card Management

When you make your credit card payments on time, your credit score improves and you can obtain higher amount of credit. On the other hand, if you fail to make the payments on time, your credit score is negatively affected and you may not get any further credit from financial institutions. Here are a few important tips which will help you in effectively managing your credit cards:

  • Plan your purchases – Before purchasing or buying any product, determine if it is necessary to buy it. You must make a list of your priorities and stick to that so that you can arrange for the money needed to pay your credit card bills. At any point of time, make sure that you do not purchase something too expensive as it will make you cross your monthly budget or the credit limit on your card. An effective way of way of planning
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bookmark_borderCredit Card Traps You Should Avoid

  • Encourages spending habits. Some people have the wrong notion that it is a privilege to own a credit card and makes them cool to other people each time they use it. However, such incorrect notions and reasons are ways to fall into credit and debt traps for which you might need to seek the help of title loan companies for when payment due dates come.
  • Too much dependence. It is already stressful to own one credit card, how much more if you have more than two of these? Monitoring and paying your dues can add more stress as card companies have different policies and procedures; thus, you have several things to consider when monitoring your spending. There is nothing wrong with maintaining more than one; provided you can pay it and you do not rely on it for your daily survival.
  • Availing of promos. Do not make the mistake of
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bookmark_borderReasons to Go Cashless

Convenience: You can shop, dine out, gas up and pay for your Uber with one small, lightweight card. Consumers and businesses all benefit from the speed and convenience of electronic and digital payments.

Security: Carrying cash makes you susceptible to robbery and cash is 100% gone and untraceable. If you carry a debit card it is replaceable and any fraudulent activity is refundable. So, transitioning to cashless payment options enhances security and reduces risk. Utilizing cards keeps your money secured.

The use of EMV chip technology assures your account information is protected and your hard earned money is safe from unauthorized use. And, if for some reason your cards are lost or stole you can always have them blocked and replaced.

Going Cashless creates a disciplined spender: Paying with cards gives you a record of all your transaction, allowing you to monitor your spending. Using a debit card can also … Read the rest