Loans For Food



Imagine going to the bank to apply for a loan, and you state that the purpose of the loan is to buy supper. Unfazed, the banker very courteously tells you, "That's fine, just sign the form. And by the way, you can take an additional amount for the new Anheuser-Busch beer which I am sure you and your friends will enjoy." The banker then whispers to you, "eeh, I know I am not supposed to tell you this, but you will be charged 20 percent annually and 30 percent for late payments." "That is just great", you say, and then take the money and walk out.

Sounds absurd, yet that is what actually happens every time one uses a credit card to buy household goods. Experts say that if you dont have the money to buy your basic essentials, you won't have it end-month. Robin Holland of Equifax, a credit reference bureau, concurs. If you dont have the money to pay for an item now, you probably wont have it after the credit-card bill arrives, he tells Equifax Website (EFX - news - people).

One may then ask, for what purpose are the credit cards? For Credit cards are very convenient when used with maximum degree of circumspection. Dont use it for impulse buying, and before you enlist for one, be sure to check out the minimum payment credit-card calculator which will show you how much you will end up paying if you pay only the minimum amount every month.



 

 
Translate Page Into German Translate Page Into French Translate Page Into Italian Translate Page Into Portuguese Translate Page Into Spanish Translate Page Into Japanese Translate Page Into Korean

More Articles

 


 

More Articles


How Much Exercise For Weight Loss Is The Right Amount

... per week, a person will need to exercise enough to burn off 500-600 calories a day. Having worked out how many calories need to be burned in exercise every day, now we need to consider much exercise for weight loss this calorie burning requires. Walking and other day-to-day exercises burn around 15 calories ... 

Read Full Article  


Depression In North America

... history is showing a lessening of this imbalance. This difference seems to disappear after the age of 50-55. The theoretical causes and risk factors of clinical depression are broadly classified into two categories Physiological and Sociopsychological. One common sociopsychological cause is life experiences. ... 

Read Full Article  


Recording Your Family Reunion

... Your Family Reunion A family reunion might take forever to plan for and successfully pull off so you will want to make sure to capture all the memories you can. Some people are lucky and have a photographer or videographer already in the family and they have all of their own equipment. For the rest of ... 

Read Full Article  


Open Adoption With Biological Family Contact

... rules and make sure everyone adheres to them at all times. Schedules must be kept and everything has to be explained fully to the child when they are old enough to understand the situation. This contract is usually set up far in advance. An open adoption does have the benefit of providing a gigantic support ... 

Read Full Article  


Anxiety Disorders

... behavioral therapist. This treatment method is often met with controversy. Some studies show this combination is more effective than either method alone, while other studies have shown that the majority of patients gain more benefits from the medications and very little from the behavioral treatments. ... 

Read Full Article