ra's blog: "Financial boot camp for the playas & playettes"

You hear a lot about 0% balance transfer arbitrage plays (where you get a 0% balance transfer for X months and put it in a high yield savings accounts like Emigrant Direct) but you usually don’t see many people recommending you use the 0% balance transfer to pay off anything except other credit cards. Money is money and you can pay off anything with the money from the transfer because you can have them send you a check. So why not use it to pay off things like mortgages or car loans? I started thinking about this because LAMoneyGuy has an outstanding car loan and a fat ING bank balance and only recently decided to do anything about it. He’s going to get a balance transfer, pay off the loan, and then pay off the balance transfer when it comes due. His situation has no risk because he already has the money in his account. When the transfer reverts back to the 23094820934% it usually is, he can pay it off with the funds that already sit in his account. While it superficially appears that he’s paying off the loan with a 0% BT, it’s only psychological because his situation is no different had he paid off the loan and started playing the arbitrage game. The reason why people don’t recommend paying off a “safe” loan like a car or mortgage with a “dangerous” loan from 0% balance transfer is because you can’t see into the future. You have 9 or 12 months but what if that time comes and you realize you can’t pay off the extra $2,000 of your balance? Then the rate gets jacked up and you get screwed until you can pay. No one can tell the future and it would be dangerous if you lost your job, was in an accident, or suffered other unforeseen hardship before the loan is fully paid. As with many things in life, it’s a risk if you’re willing to take Roberto Benitez President & CEO click here--->> www.rozeglobalfinancial.com

Credit card companies apply an APR (annual percentage rate) towards credit cards they issue to customers. In general, the credit card APR is the cost of using the lending institutions’ money. Understanding how credit card APRs work can be confusing because APRs vary from person to person, credit card to credit card, and the method to calculate the finance charge may vary from issuer to issuer. Simply by looking at all the differences in the APRs choosing the right credit card is critical to getting the best deal possible. The first thing to remember when understanding credit card APRs is to know how they relate to your credit history. If you have a positive credit history your APR will be lower than if you have poor credit. When shopping credit card offers you will most likely come across offers that have several APRs. Many credit cards have different APR’s for purchases, balance transfers, and cash advances. The credit card APR for purchases is typically the most reasonable, however the APR for cash advances can be down right outrageous at 20% or more of the cash advance. Use caution when using your credit card for cash advances. Avoid it at all costs if you can. For those with good credit history it is likely you will want to apply for a credit card that has a 0% APR introductory rate. The longer the introductory rate the better. This means that until a specified time when your introductory rates expires you end up not having to incur or pay finance charges on the balance of your credit card. When you carry a balance on your credit card from month-to-month, a small difference in the credit card APR can make a huge difference it the amount of interest you pay over a year’s time. Some credit cards have fixed rates associated with them while others have variable rates. For the most part a fixed APR doesn’t change unless you are late on a payment or you have violated the contract in some other way. Typically if the credit card issuer is going to change the rate they need to notify you before doing so. Variable APR rates are the opposite of fixed rates. They may change from time to time. The interest rate is most likely tied to another interest rate, such as the prime rate. If the prime rate changes your credit card rate may change as well. Read the credit card agreement carefully for information on whether the credit card you are applying for has a fixed or variable APR. When you apply online for a credit card you should shop and compare credit card offers. You can save money in the long run by knowing exactly what you are receiving from the credit card issuer. Roberto Benitez President & CEO click here--->> www.rozeglobalfinancial.com

As much as people try to avoid financial troubles, they cannot help it if these troubles find them. Tight financial situations are the very reason why companies offer bad credit mortgages. With such arrangements, people have a way out of their financial difficulties. Bad credit mortgages are very helpful to people who want to clean up their messy credit history. Along with that, these mortgages also provide them with the chance to climb up the financial ladder. How do these bad credit mortgages work? Just like any kind of mortgage, interested parties must have some property that they could use as equity. However, this time around, there is greater flexibility when it comes to securing such a mortgage. How do these bad credit mortgages assist you in cleaning up your credit? By taking advantage of this kind of mortgage, you will be able to pay off any other existing loans and bills. When you have done so, you will have an easier time untangling yourself from debt. This is because the only thing that you need to pay off will be the bad credit mortgage. There is no need to go through creditors? calls. Companies who offer bad credit mortgages do not only provide much-needed financial funding but also give their clients additional support in deciding which packages are best for them. Credit mortgage experts evaluate a client?s financial situation and recommend a particular package that best suits his needs. You should first do some research regarding the different companies and the range of packages and programs they offer. Once you have gathered all the information you need, you will actually be able to compare the various packages and their benefits. As a result, you can find the right kind of bad credit mortgage that will suit your needs as well as improve your capability to pay Roberto Benitez President & CEO click here--->> www.rozeglobalfinancial.com

Subject: Free financial advice Smart shopping for 0% APR credit cards can save consumers hundreds of dollars in interest charges. Many consumers do not think to shop around for credit cards. However, with 60 percent of grocery store purchases being made with credit cards, the decision as to which card the consumer uses can have an impact on how much is paid in interest. One way you can save money in interest charges is to shop around for a 0% APR credit card to transfer existing balances to. The concept of shopping for the best interest rates is not new for purchases such as homes and cars, but so few consumers stop to think about shopping around for the best credit card deal. 0% APR credit cards save consumers money It is possible for you to save hundreds of dollars a year by transferring balances to a 0% APR credit card. Here is how it works: A consumer applies for a new credit card with a special introductory interest rate of 0% APR for balance transfers. After gaining approval, the consumer transfers the balance of his or her credit cards to the new card. Some companies may waive the balance transfer fee, but a standard fee is usually a small percentage of the transferred balance. Whether the old card has a low 8.9% APR, or whether it has a higher 15.9% APR, the potential savings are well worth the transfer. For the entire introductory period (usually 6 to 12 months) it is possible for consumers to avoid paying interest on their credit card debt. Sorting through 0% APR credit card deals Some web sites provide you with an objective way to look at credit card offers. It is even possible to use a calculator to figure out how much you can save by transferring balances to a 0% APR credit card. Consumers receive the information they need to help them decide on the credit card balance transfer offer that works best for them. Objective side-by-side comparisons allow a more complete picture of available credit cards. When you find a card you like, it is also possible to apply for that card instantly from the web site. Helpful links to the credit card companies allow you to receive instant approval on their credit cards. A word of caution A 0% APR credit card balance transfer is a financial tool that can greatly benefit consumers. However, as with all financial tools, it is important to use it wisely. Consumers should be aware that failure to pay at least the minimum payment on time can result in an immediate end to the introductory period. Many credit cards, however, provide an automatic debit system or an online bill pay option. This can help consumers set up automatic payments that ensure that there are no late payments. Shopping around for the best bargain is a way of life for many. Applying that rule to credit card applications can mean that you get to keep more of your hard earned cash. In the United States, there are more than 34 million people with bad or damaged credit. There are a number of options available for those with bad credit who want credit cards. Secured credit cards and prepaid debit cards are good options. There are many credit card lenders who are willing to give you credit cards. But you have to pay higher interest rates. At times the interest rate could be as high as 40 percent. Many lenders charge an extra fee of $35 for each late payment. Always pay your minimum payments on time and never break your credit limit. Pay your balance each month if possible. For getting credit cards, apply at smaller retail stores. If your application is accepted, make a small purchase and pay a minimum amount every month, on time. Then approach your bank, credit union or savings institution. If all these attempts fail, you can apply for a secured credit card. For this, you will have to open and maintain a savings account as security. Your credit line will be a percentage of your deposit. Ask a friend or family member who has good credit to co-sign for a credit card. Before submitting any application for credit card, certify that you have read, understood, and agree to the rates, account fees, limitations, costs, available credit, and other terms. You will qualify for a lower interest rate and a higher credit limit in the future, if you show your lender you are able to meet all the terms. First PREMIER Bank Gold MasterCard, Orchard Bank Platinum MasterCard, Aventium Gold MasterCard, Centennial Visa or MasterCard, Orchard Bank Gold MasterCard, First PREMIER Bank Credit Card, Orchard Bank Secured MasterCard, and Orchard Bank Silver MasterCard are some of the credit card companies in the market for people with bad credit. Go my site and start applying the FREE knowledge that you have just obtained, by applying for the right credit cards today!!!!! www.rozeglobalfinancial.com