Tag Archive | "Advanta"

Five Things You Must Know Before Home Mortgage Refinancing

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Why most of the customers are attracted towards refinancing is due to low interest rates. But many people are unaware of the inverse correlation between stock market and interest rates. That’s the reason when stock market is down, the interest rates remain low. You could even take an advantage of down market but how?

Following are the five things that you must have knowledge of, if you are looking for refinancing your current home mortgage 2010-2011.

1. Appraisal of Home

rejection of home refinance loans

The first reason for the rejection of home refinance loans is that the appraisal of clients home doesn’t comes back up to the par. Basically, what lenders see before refinancing is your home and that your loan to value ratios must be approximately 80% or better, which means having at least 20% equity in your home.

2. Shop your Loan Scenario around

Choosing the right lender is a difficult task but you can take help of brokers, as they are usually in contact with hundreds of lenders. It also helps in attaining the best rate on refinancing. These professionals tend to be very helpful and supportive throughout the life of your business.

3. Gather and Organize all the Documents

You must have all the necessary documents before you shop around for loan. These documents include a copy of your current mortgage statement, HOA documents, and your last two years of tax forms details, a copy of your social security ID card, your last two pay stubs and verification of employment forms.

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Pre-paid Credit Cards And Secured Credit Cards

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Consumers having bad credit history often look to rebuilding their credit score or they try to avoid monthly credit cards bills and for this reason they consider taking out prepaid credit cards or secured credit cards.  In such condition, consumers must be aware of the fact that prepaid credit cards and secured credit cards cannot be interchanged. They have to understand the basic difference between these two cards before applying for either of these cards.

Facts about Prepaid Credit Cards

Prepaid Credit Card

 

A prepaid credit card is actually a debit card. To get it, you have to open an account in a bank and request them to issue you a debit ATM card. Many banks issue debit cards automatically when the customer opens an account. Prepaid credit cards are very much similar to the typical credit cards. These cards can be used for any purpose where credit cards are used, as these prepaid cards either spots Visa or the MasterCard logo.

Benefits of Prepaid Credit Cards

The plus point of prepaid credit card is that it does not require users to show up their credit history. Another benefit of prepaid credit card is that there is no fee for annual membership. There are no monthly bills and interest charges on prepaid credit cards.

Lost/Stolen Policy of a Prepaid Credit Card

Customers should it immediately to the bank when the prepaid credit card is lost or stolen. It will save customers from paying off any fraudulent charges.

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Advantage And Disadvantage Of Debt Consolidation Mortgage Loans

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Many people take out debt consolidation and mortgage loan refinance at one time to help their financial crisis get on right track such as to reduce loan repayments, to get rid of calls from creditor for the loan repayment. By putting their asset as collateral they can make their credit card loans and medical bills affordable. This is indeed as a better option than to take help from unsecured debt consolidation loan.

Benefits of debt consolidation loan

Debt-Consolidation-to-get-free-from-debt

These two loans work wonders when worked together. There are many advantages of these two loans. With these loans borrowers can merge all their unpaid medical bills, credit card loans, repossession deficiencies, unsecured loans, auto loans and student loans in one loan. They don’t have to pay off many loan payments to different lenders. All they have to do is to make a one payment for a new loan that contains all previous unpaid loans and bills. Another benefit is that the borrowers can have their loan term extended and in this way they can make their loans more affordable.

Unsecured and secured loan

Deb consolidation loans are really helpful for financially troubled people, as these loans can convert unsecured loans into secured loans. The only requirement from a borrower is to ensure on time repayments. However, is borrower becomes default on the loan contract then the lender holds the right to put borrower’s property on foreclosure.

Fixed loan term

With debt consolidation and mortgage loan refinance, borrowers have the benefit of having a fixed loan term and a specified loan repayment debt.

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Getting A Loan When You Are Jobless

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The unemployment and inflation rates have risen in each country of the world today. People with no jobs or business can hardly manage their routine life expenses. However, there is still an option for you to have money while you are jobless. That is, expert lenders could offer you secured and unsecured loans when you are jobless. People with no credit checks, i.e. bad credit customers, may also find loans.

Loans for Jobless People

Following are some ways for unemployed people to get a loan:

Doorstep Lenders for Jobless or Bad Credit Customers

People often get confused a doorstep lender with a loan shark (a person who dishonestly obtains money from others). Loan sharks are illegal and must be ignored. But doorstep lenders are lawful businesses; they are strictly regulated by consumer legislation. Simply, it is just as a local agent collects your installments once a week.

Provident Personal Credit or Greenwood Personal Credit provides unsecured cash loans. Borrowers interested in unsecured loans are welcomed when they can assure that their repayments are affordable.

Interest-Free and Low Rate Family Loans

Perhaps the best loan option for jobless people is family loan scheme. For this, you would have to start from your own family. The key advantages of this loan are: there is no credit check required the interest rates are low. It means that you can extend your borrowing time period and also, they are reasonable when you have a low credit score.

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The Good And Bad Of Credit Cards

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Prepaid Credit Cards have been used for a long time by people who are conscious about their expenditures and have a considerable credit history. There are no such limits arranged in the use since the cash is what the user loads on it him/herself. Despite there are certain differences between the prepaid credit and other cards but it counts same as a credit card for a retailer at times of bad credit.  Based on the differences how credit is being handled off-screen and the regular use among customers, certain advantages and disadvantages have been columned which are as follows:

Prepaid Visa Debit Card

Pros of Prepaid Credit Card:

  • The best part is one can maintain a monthly budgeting. User can load certain amount of money for expenditure and credit facility can be used for extra money used.
  • Since there is no credit limit, there is no tension of credit scoring as well. It is for sure that the application will be approved, no matter how worse the credit score is of the user.
  • One more great facility of reservations is realized when the user needs a hotel reservation or repairing of car, this prepaid credit card is helps most, by no credit check.
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Easy Cash Advance from a Payday Loan Lender

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Most of us have observed the emergency source of money to carry on house hold or different other necessities of life are “fast cash payday loan”. It provides advance for any purpose regardless of knowing the reason, as they can ask for the reason in the submission form but it would not act as an obstacle if the reason is not genuine. It is superlative for those customers who have negative credit history as it is quick same day loan with no credit checks. Fast cash payday loan offers pledge to customers that are rejected by the banking sector. Although it should be considered as short term loan, as it can free someone from big financial problem.

Advance cash

Qualifying for an Easy Cash Advance from a Payday Loan Lender

Although instant cash today doesn’t require any credit checks, it is still essential to meet bad credit loan necessity. Purpose is the lender wants to make confirm that the application is not a deceptive one or it has been submitted by a fraud individual. The criteria for quick same day loan are as follows:

•    Person must be over 18 years of age.
•    A U.S. citizen or nationality holder.
•    One photo I.D. and two forms identification forms.
•    If you are having full time job then your monthly income must have to be over $1,000.

• A valid bank account for the transfer of money.

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Best Small Business Credit Card Companies

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The market is getting saturated of business credit cards companies. It is observed that few of the companies intend to join hands with small business owners, therefore there are companies that provide small business credit cards. It gets hard to choose the right small business credit card for yourself, since all the companies offers more or less same packages. It all depends how much the source is reliable and that, which company’s credit card fits most with your business requirement. Anyhow, some of the well known small business credit card companies are reviewed and shortly described here as follows:

  • Advanta: Advanta offers one of the best all-around deals of small business credit cards. This company specifically caters to small businesses. The Advanta Platinum Business Card have 0% APR for 15 months and afterwards 7.99% fixed APR, while offering 5% cash back or travel rewards. There is no annual  for using the card. The users have the option to choose 2.99% fixed APR for life on balances transferred within the first three months of signing up.The other side of  the Advanta card is that , though it offers 5% cash back on purchases but it have $300 annual cap in the rewards that a small business owner can receive. So, this means this card is best only with controlled spending.
  • The Discover Business Card: The Discover Business Card offers fee-free purchase checks for the vendors who don’t accept the credit cards. Those checks are have cash-back rewards and the same APR and payment grace period at card purchase. Moreover, there are free employee cards with real time customizable limits, monthly spending reports, as well as $0 fraud liability and no annual fee. The Discover Business Card is not suitable for those who travel a lot for their business. Read the full story

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