Tag: interest rates
A new car is the second most expensive purchase many people make, after their home. So, consider your options carefully before signing on the dotted line.
Research from the motor insurance group Esure shows that nearly a third of buyers do not even haggle over the price of a new vehicle, and only one in 10 spends more than an hour researching finance options. (Daily Telegraph, Sep 2009)Read More
5 Ways to Respond to a Credit Card Interest Rate Increase
What to Do When Your Credit Card’s Interest Rate Increases
Wouldn’t it be nice if low interest rates last forever? Unfortunately, the saying “All good things must come to an end” is especially true when it comes to credit cards.
One of the practices credit card issuers are notorious for is suddenly increasing interest rates. Of course one of the reasons it seems so sudden is because most credit card issuers only have to send you 15 days notice before increasing your interest rate.
Payday loans are short term loans that are often used to get through a rough spot. Unfortunately, there are very few situations in which these loans actually end up being helpful. Before you use one, make sure you understand the costs and risks. Here’s a quick overview of how payday loans work, and ideas on how to avoid them.
If you can’t repay your payday loan when it comes due, you can “roll it over” so that the loan is extended. You don’t have to repay it, but fees keep accumulating.
In general, payday loans are extremely expensive. You end up paying an annual percentage rate (APR) that may be several hundred percent.Read More
Online Gambling – Harmless hobby or destructive diversion?
Gambling is “the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods”. People are innately attracted by risk, with the opportunity to bank a quick buck being an alluring prospect. But when does gambling go from being a manageable past time to an ever-engrossing problem? Does the online-gambling revolution have a major part to play in all of this?
On the surface Jersey would appear to be gambling central. We have no less than 29 Betting Shops freckling our shores – In January the JEP indicated that we have more than double the number of bookmakers compared to similar size areas in the UK. On the flipside, there is an argument that it would more prudent for customers to have a flutter amongst the bricks and mortar than entering the world of online gaming.Read More
Methods of Payment
A payment is the transfer of money from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation.
Common means of payment by an individual include: –
- Bank Transfer