credit
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Tuesday, April 11th, 2006Click here to read quotations about Sex
Borrowing is an important tool in personal financial planning. Some common and necessary uses of credit are housing loans and car loans. These credit facilities are ordinarily given by banks or finance companies to enable the buyers to buy the homes or cars now that they otherwise […]
Managing Your Credit Needs
Monday, April 10th, 2006Click here to learn more facts about Koala Bear
An important part of personal financial planning is using credit wisely. Credit allows a person to exchange future income for current consumption, that is, buy now pay later. It is important to know that although important to know that although credit increases a borrower’s immediate […]
Good Debt and Bad Debt III
Thursday, February 23rd, 2006Driving into debt
Another bad debt area is auto debt. While most people need an automobile, and the ultimate cost of an auto is higher than many people can pay in one lump sum, the way people go about it — namely, purchasing more car than they need — turns it into bad debt.
“People can afford […]
Good Debt and Bad Debt II
Wednesday, February 22nd, 2006 Bad debt
The concept of bad debt comes in when discussing the purchase of disposable items or durable goods or, in general, the use of high interest credit cards.
“The problem is, people don’t realize that credit cards are just plastic cash,” says Chris Bender, Communications Manager for the National Foundation for Credit Counseling in the […]
Good Debt and Bad Debt I
Tuesday, February 21st, 2006The amount of personal debt is ever increasing, and a large part of the reason is that credit has never been easier to get. Whereas credit card issuers previously looked for customers who could repay, today card issuers relish the chance to reel in those who’ll continuously charge beyond their means at 18 or 20 […]
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