Retail cards are far different than the traditional credit cards you're now carrying in your wallet. Deferred interest rates are often misunderstood.
About Armin DakerArmin Daker has a 15 years background in the financial planning industry. Because of this investment, he has had the opportunity to teach concepts in any type of economy, thus making him an expert in his field. Armin has held many seminars that have taught his clients the quickest ways to pay off overwhelming debts, and the best vehicles for retirement planning.
Detroit is on the verge of filing bankruptcy. In fact, according to the city's Emergency Manager Kevyn Orr, there's still a "fifty fifty" chance it will find itself on the wrong side of a bankruptcy filing. This is part of a 135 page letter, proposal and explanation to its many creditors. He's already met personally with many of those creditors to lay the cards on the table and find solutions.
Living on the Mississippi Gulf Coast, there was a very disturbing statistic that emerged following the devastating Hurricane Katrina landfall in 2005. These days, it's a storm of a different kind and because of it, debt and suicide are becoming strange bedfellows.
Last week, the Federal Trade Commission announced it had settled a lawsuit with several debt collectors after it learned they were fraudulently conducting business. As a result, the companies were forced to pay out nearly $800,000 to consumers after deceptively charging a fee for payments authorized by telephone.
The difference between poverty and affluence has more to do with money; it is a matter of mindset and lifestyle. In fact, there are several character traits that anyone can develop in order to create more opportunity for affluence in their life.
Promotional credit card offers are always very popular but these days they seem to also be few and far between, and those that you can find seem to have more strict application requirements.
Consolidating or reducing your debt is definitely something that will help you in the long run, but a personal loan may also provide additional benefits that you don't know about; but you should.
During a time when money is cheap, consumers are getting shut out of potential credit opportunities thanks to plummeting property values, quickly falling interest rates, and a shift in consumer debt.