Resources
More Resources
More Resources
Balance Transfer Credit Card Rules
By Robert Alan
A balance transfer credit card aids in consolidating credit card debt and sometimes can also be a way of steering clear of the burden of debt. You will find as you are searching through all those Read more...
Getting A Free Credit Report Is Convenient And Easy
By Trevor Mulholland
In today’s world, one of the most important things to have in order to function well in society is to have a good credit standing. By availing of a free credit report, you can monitor a vital aspect Read more...
What Are The Best Car Loans In The Uk
By JonFrancis
The best car loans in the UK may not be car loans at all. Here are a few facts you should know about taking out car loans at the car lot.-Car lots make money by selling you financing. Keep in Read more...
Are You Paying Too Much For A Reverse Mortgage?
By Christine Harrell
There are so many mortgage companies out there these days that offer reverse mortgage (RM) loans, but how can you be sure that you're getting the absolute best deal available? An important thing to Read more...

 

 

 

 

 

 

 

small business loan Article

Below, you'll find extensive information on leading small business loan articles and products to help you on your way to success.

Settle Smart: How To Do Credit Card Payment
By Nicky Pilkington
The first step in doing a credit card payment is to understand your monthly billing. The following are terms you will encounter:

Statement date – The date that the bill was printed.

Payment due date – this is the day that the cardholder must pay any outstanding balance. Payments made after the said date will be credited, but will also be fined a lateness fee.

Total Amount Due – It consist of the unpaid amount from the previous month, as well as purchases, payments and interest charges for the current month. When the cardholder pays this amount on or before the payment due date, no interest charges will be imposed.

Minimum Amount Due – this is a smaller fraction of the total amount due. To maintain a good standing with the card company, pay at least this amount, if you cannot afford to pay the total amount due.

Finance charge – if the cardholder is not able to pay the total amount due, then he is charged a fee for borrowing money from the company. It is calculated based on the interest rate of the card.

Late charges – Paying or not, after the payment due date, is penalized with late charges. Avoid this as much as possible as this is almost 2X the interest rate of the finance charge. Consistently missing payment may lead to cancellation of the card and

a bad credit standing.

Having understood the information on your monthly bill, here are simple strategies for paying your credit card charges:

Always pay the total amount due. Paying only the minimum amount due means being charged for a high interest rate on the unpaid amount.

If you cannot pay the total amount due, pay as much as you can above the minimum amount due. This strategy aims to reduce the finance charges that you have to pay for settling partially.

Do partial payments as early as possible (as soon as you receive the billing). Finance charges are based on the unsettled amount and the time it remains unsettled, so the shorter it is, the lower it will be for finance charges.

Some card companies reward loyal cardholders by accumulating points for their spending. Check if reward points can be credited back as payment.

Lastly, pay the total amount due. Just to emphasize the point!

There are many avenues to pay your card bill. There’s the traditional way of waiting in line, or the faster way of paying electronically through your computer, cash machine or mobile phone. With all these conveniences at hand, it is quite unforgivable to miss your payment due date.

Therefore, settle smart: pay the total, pay on time.


We strive to provide only quality articles, so if there is a specific topic related to finance-credit-loan that you would like us to cover, please contact us at any time.

And again, thank you to those contributing daily to our small business loan website.

Pic

Getting Foreclosure Help
By Ken Chranley
Getting foreclosure help requires that many people swallow their pride and confront their financial problems head on. This is very difficult for many people, because financial stress is not something Read more...

Pic

Bridging The Financial Gap With Homeowner Loans
By James Copper-5768
One of the smallest, quickest and shortest terms of homeowner loans is referred to as a bridge loan. Compared with other homeowner loans such as first and second mortgages, refinances, home equity Read more...