When it comes to getting out of debt, it can be a long hard road to travel. Unless you happen to come into a lot of money, such as from a lottery win or a large inheritance, you’re likely to be paying off debts, like credit cards, for some time. One of the common practices […]
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Credit cards are not issued to everyone who applies for one because the bank considers factors such as type of employment, credit history, and loan before issuing credit cards. This is done to ensure that you will be able to repay the credit card amount. Banks do offer credit cards to low-income earners (ranging from […]
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What exactly is a credit card? A Mastercard is a thin rectangular piece of plastic or metal issued by a bank or financial services company that allows cardholders to borrow funds and use them to purchase goods and services from merchants who accept cards as payment. CC requires that the cardholder repay the borrowed funds, […]
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Bad credit inevitably means that you won’t often qualify for the most competitive rates on the mortgage market – but it doesn’t mean that you should be paying outrageous costs either! The downside is that fewer lenders will approve an applicant with adverse credit history, but decent interest rates should be achievable with a little […]
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Credit card statements are basically billing documents that have the details of every purchase, payment, debit and credit transaction of the credit card holder. The statements get issued to a user at proper intervals and contain all the necessary information in detail. As any credit card statement contains all the necessary details for a card […]
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A 2019 Federal Reserve study found that over 34% of payments are made with credit cards. Due to this, it’s vital that, as a business owner, you come up with ways to collect these credit card payments, and you shouldn’t simply collect the payments, but do it easily. What is the easiest way to accept […]
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When you apply for a personal loan, the first thing most lenders do is run your credit report. Your credit score is based on your credit history, the amount of credit you’ve taken out, and your ability to repay debts, among other factors. Because personal loans are unsecured loans with no collateral, lenders will use […]
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What Are Credit Card Interchange Fees? Merchants all around the world use credit cards to carry out transactions. However, processing these credit cards requires some amount. Interchange fees form most of this amount. Interchange fees are accepted by the banks that issue the card to the merchants. In this article, we will break down the […]
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Dearness Allowance (DA) is a component of your salary that you’ll find listed in your monthly salary slip. And the history of DA can be traced back to the Second World War when it was first introduced. Back then, it was known as the ‘Dear Food Allowance’. It was given to employees in response to […]
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Due to the coronavirus pandemic, retailers, restaurants, bars and more are encouraging people to pay via contactless, rather than with cash. The aim of this is to reduce the potential spread of the virus as notes are passed between hands – and many people have stopped handing over cash in favour of tapping their bank […]
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