|This may come as no surprise, but three out of
four Americans hate financial planning. Many of
us like to dream about things such as buying a new
home, traveling to different places, sending our
children to college, or even retiring early. Unfortunately,
the reality of financing those dreams often prevents
many of us from living them out, which may explain,
in part, why so many people hate financial planning.
With some patience, planning and discipline, you
can achieve some if not all of your dreams, and
at the same time, feel better about yourself and
Finding Low Interest Credit
by Jakob Jelling
Getting low interest credit to finance your home or car,
or to get a low interest credit card requires that you
have good credit. Bad credit can disqualify you from many
loans and from securing low interest rates.
It is important to find low interest when getting a credit
card. Low interest credit cards can save you a lot of
money over time. A great number of bankruptcies are declared
each year because of overwhelming credit card debt. Low
interest credit cards can help you avoid such a situation.
You can find low interest credit cards by shopping around.
Conducting your search on the Internet can help you browse
through the wide variety of credit card choices available.
You may have seen many advertisements for low interest
credit on the TV or newspaper. Many of these offers require
a person to have good credit. Sometimes low interest credit
card advertisements may only state the introductory rate.
The introductory rate is only applicable for a stated
period of time and it will increase after the period has
expired. Therefore it is important to find out what the
long term APR is on any given credit card. The introductory
rate can be as low as 0%.
Low interest credit cards can be great to transfer the
balance from your old credit cards. This means you will
end up paying a lot less interest on your balance. Make
sure that your low interest credit card accepts transfers
and find out if there is a transfer limit.
Low interest cards may not have many additional offers
and rewards on purchases. Low interest credit cards are
best for those people who normally carry over a balance
Some low interest credit cards may offer a grace period
of about a month. A grace period is a period of time for
which you do not get any additional charges levied on
if you fail to pay the bill.
When searching for low interest credit cards, it is also
important to be aware of the fees associated with using
the credit card. These fees can include annual fees, transfer
fees, approval fees, etc.
If you have increased your credit score from the last
time you got a credit card, you can apply for a new low
interest credit card. A credit check can let you know
if you are improving your credit score.
Low interest credit is also beneficial to financing your
home, automobile and similar items. To get low interest
car loans, it is beneficial to search online. Low interest
home equity loans can substantially decrease your monthly
payments. Find out your credit rating before you search
for a loan. Next you can locate the average interest rates
for people with similar ratings. This way you will know
when you are getting a good deal.
If you have run up your debt to an unmanageable amount,
you can seek debt reduction services to bring it under
control. One way to reduce your debt by lowering your
interest rates is to seek debt consolidation. Debt consolidation
allows you to pay off your loans through one low interest
A debt consolidation service can help you find low interest
credit. Debt consolidation usually allows you to get a
secured loan to finance your unsecured loans. A secured
loan is a low interest credit loan since it is backed
One way a debt consolidation service can help you is by
re-mortgaging on your current home. Re-mortgaging includes
finding low interest credit loans to substitute for your
current mortgage. By getting this better deal, you will
end up saving a lot of money on interest payments.
About the Author Jakob Jelling is the founder of http://www.cashbazar.com.
Visit his website for the latest on personal finance,
debt elimination, budgeting, credit cards and real estate.