Loan


A Brief Guide to UK Loans

If you don’t plan to pay off your cards in full every month, think twice before getting a credit card as you could end up in a vicious cycle of debt like I did before too long...
There’s no typical end date when it comes to borrowing from credit cards and that can be a bad thing!

There are many types of credit cards available that can provide you with advantages, such as cards that give you rewards or cards that allow you to spend cheaply when abroad...
There are also credit cards that can help you to build up your credit rating if you have bad credit.

Car finance

Hire purchase is a way of buying a car without getting a loan from the bank...
If you decide to consolidate your debt into one loan, be sure to stop using any credit cards that you’re trying to clear with the loan – otherwise you could end up with one more extra debt to worry about.

Secured loan

A secured loan is only available to those that own or have a mortgage on a property...
This is handy if you need to buy something now that you perhaps wouldn’t have the money for until next month.

The best way to use credit cards is to pay them off in full each month...
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The Right Way To Use Your Credit Cards

You are just paying for your goods.

However, in reality, anything you buy in one month doesn’t actually get paid for until you pay your direct debit the following month.

This deferred cash outflow is actually a nice hidden benefit of credit cards...
There will be a section where you fill in your bank details to pay off the card, and there will be a box asking you whether you want to pay the minimum balance, the full balance or some other number each month.

Just click the “full balance” box and never change it.

So, your transaction flow (dates are for illustration only) could be as follows:

You always automatically pay the full balance before it is due, and then you’ll never have to pay any interest on your credit card.

Your only exception when you may not want to pay the full balance each month is 0% balance transfer or 0% purchase credit cards where you enjoy a prolonged period of 0% interest...
You will find that this is very useful when you come to taking out a mortgage on your home – which the vast majority of people will need to do in their lifetime!

Additionally, credit cards can be a vital lifeline in the case of an emergency...
But, it doesn’t stop there.

Step 3: Use a “rewards” or “cashback” credit card

There are many credit cards on the market which will offer you a % cashback of your bill each month or provide you with airmiles, supermarket vouchers or other incentives.

I’ve been using the Avios Duo Credit Card from TSB for a few years now...
When you sign up, you receive two cards: one Amex and one Mastercard.

You collect 1 Avios point on the Amex card for every ?1 you spend, and in establishments that don’t accept Amex, you can get 1 Avios point for every ?5 you spend on the Mastercard.

You can then exchange your Avios points for flights and other rewards...
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Online Merchant Account Services

There are various types of online checking account services, which process credit cards online...
Do not use public or corporate computers for your business purposes, because they may have keyloggers and other program tools, which read whatever you type on the PC....
There are several ways this data can be read:

  1. Via credit card readers...


    Credit cards feature a computer chip, on which all the transaction data is stored...
    The choice of a service depends on your business type, degree of risk, local legislation and many other factors...
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    Balance Transfer Credit Cards

    It can be a little difficult, but this is the only way to find a financial institution that offers the best balance transfer credit cards...
    Therefore, in this situation, the best balance transfer credit cards are newly created ones...
    People move their money to lower interest or zero balance transfer credit cards ...


    If you have a good credit record, you can use imprest balance cards...
    However, it takes a little bit of effort for an ordinary person to figure out what kind of balance transfer credit cards are better...
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    Imprest Cash Funds

    An appropriate expenditure is one which is necessary, reasonable and for which a clear business purpose exists...
    The usual time for processing of a reimbursement check is within five business days...


    When accounting discrepancies occur in the submission of vouchers, Accounts Payable reserves the right to round off credit balances that it considers de minimus in amount...


    For Petty Cash Funds, receipts must specify the business purpose for the expenditure...
    The usual time for Procurement Services to create an imprest cash fund is five business days...
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    Best Online Merchant Account



    If you are going in for any of the mentioned high risk businesses and have no option but to open a high risk merchant account, you should do the following:

    1. Consider several banks and choose one that accepts this sort of business
    2. Get acquainted with agents who you think can help you create an account
    3. Make sure you have filled in all the blanks and applications correctly...
      This is an absolute must for getting an approval
    If you want your business to go well, you must choose banking institutions correctly...
    Experienced agents know everything about credit card processing, and they are quite open about other respectable banking institutions providing similar services...
    This kind of service is provided by many banks, so that high risk businesses have a chance to develop without resorting to gross loans (many banks close the doors for high risk businesses due to the possibility of losses)...
    However, many online businesses entail high financial risks...
    More >>>


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