February 8, 2009
The average credit card debt can be shocking. Unfortunately, most Americans are over-loaded with credit card debt.
Consider these facts:
The most (general purpose) credit cards: (cards in circulation during 2008)
1. Chase – 119.4 million
2. Citi – 92 million
3. Bank of America – 80.2 million
4. Discover – 48 million
5. American Express – 46.5 million
6. Capital One – 46.3 million
7. HSBC – 38.8 million
8. GE Money – 27.2 million
9. Target – 23.4 million
10. Wells Fargo – 17.3 million
(Original source: Nilson Report, February 2009)
That’s a lot of credit cards! The truth is that the average American household with at least one credit card has nearly $10,700 in credit-card debt, according to CardWeb.com. The average credit card interest rate is typically in the mid teens, if not higher, with some APRs as high as 30%! Given this scary fact, you do want to be aware of how to best reduce your average credit card debt as quickly as possible.
Posted by admin under Debt Consolidation, Home Equity Loan, Student Loan, payday loan, personal loan, small business Loan | Comments (0)
January 23, 2009
Being an unemployed person, it may be extremely difficult availing loans. The unemployed lot, are often turned down by lenders on the loan requests due to the incapability to pay the back the loan on time. If you are an unemployed person and are on the lookout for loans to meet some of your business needs, you can make use of unemployed loan for small business. These loans are specifically meant for the unemployed people. One can meet any of the short term business needs through these loans.
These loans provide a borrower with the required amount of money to meet the business needs. These loans can also be repaid easily. The borrower is free to use the money for any of the business needs. Whatever is the business need – one can meet them all through these loans.
Small business loan low interest rate allows a borrower get a short term business loan at a lower rate of interest. These loans are easy to avail and also repay. They provide a borrower with instant cash for all the business requirements. One can even avail these loans by looking online. The loans are approved fast online. A borrower can also choose form a wide variety of loans online.
As these loans are available at a lower rate of interest, one can save a substantial amount of money too. These loans are available to all kinds of borrowers. Even with a poor credit score, you can avail these loans.
Having too many debts to payback can create severe financial pressure. Dealing with debts in the right manner is very essential as it can jeopardize the financial situation. A debt consolidation loan is basically a loan taken to pay off other debts. This allows a borrower make one single payment for all the debts. Debt consolidation loans will have the least impact on your credit and possibly the lowest payments!
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