credit cards Archives

Credit Card and Its Bad Effect on Your Home Loan Eligibility

Almost all of the people out there have a credit card. After all, we can use it to make purchases whenever we do not have the cash at the moment. But, if you’re planning to buy a new house and you’re going to get a home loan for it, you might encounter some problems, especially if you’re fond of using your credit card so much. If you’re planning to buy a new house using a home loan, then please read this article. I will go over the reasons why using your credit card might harm your chances of eligibility when…

Stop Living On Credit And Rebuild Your Finances

When you have a large credit card debt, it hinders your ability to save for the future, a rainy day, your retirement, or any of your other financial goals. Large debt means larger interest payments, and it becomes a bigger financial burden just to pay off interest, not to mention shrinking your debt. If you’re struggling just to stay where you are and not go further into debt, you’re not making progress on your financial goals, and it’s time for something to change. In 2016, the average Canadian was carrying $21,000 in debt, not including mortgage debt, according to Licensed…

6 Tips For Using Your Credit Card Wisely

Credit cards are useful to have but many people are frightened of using them, having heard horror stories about friends getting in considerable amounts of debt. A short term loan from Wizzcash can help you out if you are struggling financially, but it is better to learn how to use your credit card wisely. Create a Budget Credit cards usually offer you agreed amount you can borrow, take this into account when planning your budget. It is better not to spend your limit every month, as interest will build up. Make sure you are aware of your average monthly expenses…

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