All Posts by Steven Mitchell

Hidden Credit Card Expenses to Beware Of

Can you imagine conducting your financial affairs without a credit card?

Most of us rely on our credit cards to meet our daily expenses or to shop without the need of cash in our pockets. But a lot of us don’t really take out the time to understand the finer details associated with using a credit card. The result? We end up in a never-ending debt cycle where we keep on borrowing to pay previous bills, piling up considerable interest in the process.

But there are ways to keep your credit history spotless. You just need to know some of the hidden credit card expenses and how to avoid them.

Higher interest rates on cash advances
You’re reaching the end of the month and there still are bills to pay. You’ve spent your entire salary but you can’t wait for the next paycheck. Surely the sensible thing to do is to borrow some cash against your credit card, right? Wrong. Getting a cash advance on your credit card may seem like the right thing to do at the time but it’s extremely expensive. The interest rates on cash advances are significantly higher than regular purchases on the card. Therefore, it’s better to borrow some quick cash from a person you know instead of doing it against your credit card.

Over the limit penalty on a maxed out card
One of the most important rules of using a credit card is that you have to know your limit and when you’re about to go over it. This is why it’s essential to always keep track of your statement. If you’re over the card limit and the company approves your transaction, you can be charged not just the over the limit penalty but an additional late fee as well.

Time-specific late fee
If you are a regular user of a credit card, you know that even a single late payment can add considerable weight to your statement. To avoid this, you know you have to pay it on or before the due date. But did you know that, in addition to a due date, there’s a due time as well? So let’s say the due date for payment is the 15th of January. What you might know that missing the due time on the 15th of January can also cost you the late fee? That’s why it’s always better not to leave your payments till the last moment and pay up well in advance.

Inactivity fee
This is one of those things that might sound ridiculous to you, but it’s true. Some credit card companies charge a fee if you don’t use your card for a particular period of time. Others set an annual spending limit and, provided if you don’t reach it, charge you extra for it. Your company may also ignore the inactivity fee for the first year but charge for the subsequent years. If you want to avoid that, you need to discuss this with your representative beforehand. If you haven’t, it’s not too late to pick up the phone even now.

Is Getting Your Own Car Important?

People often associate car ownership with the freedom of moving and transporting. However, the car ownership industry, with its high consumerism values, is becoming a mousetrap for many. In contrast, some people really need to own their car, despite high maintenance costs, high APRs, and unpredictable fuel rates.

The purpose of purchasing a car is an important deciding factor to know if you need your own car or not. Many travel aficionados are quitting their jobs and buying camper vans to tour around the world. Some people, living in big cities, buy cars to save time. Is getting your own car really important? Have you seen people living their prosperous lives without owning a car?

Evaluate Cost to Value Ratio

Sometimes, you need to spend £100 to save £200. Buying your own car is an investment itself. However, you can only calculate the worthiness of this investment by calculating the cost to value ratio.

The total cost of a car, including APR, instalments, miscellaneous fees, documentation, ownership transfer fee, and more is £600,000. Your instalment plan is of 12 years i.e. £50,000 per year.

You spend £20 on carpool five days a week to go to your office. Your spouse spends £10. You pay £250 to school van for each of your two kids i.e. £500/month. Calculate!

Yearly carpool cost: {(20 x 5 = 100) x 4} x 12 = £4,800
Spouse office cost: {(10 x 5 = 50) x 4 = 200} x 12 = £2,400
Kids School van: (250 x 2 = 500) x 12 = £6,000
Total yearly expense = 4,800 + 2,400 + 6,000 = £13,200
12 month cost = 13,200 x 12 = £158,400
Differential cost = 600,000 – 158,400 = 441,600

These are rough estimates to provide you a general idea of how you can evaluate your cost to value ratio.
Benefits of Getting Your Own Car

It brings the freedom of travelling to your office or even to another city.
• Getting your own car saves a lot of time. A majority of the businessmen prefer keeping their personal
vehicles to avoid extra travelling time. If you are a student and also a full-time employee then buying a
car becomes a necessity.
• You don’t need to worry about visiting countryside or areas with lack of public transportation.
• You may build your career by joining a well-recognized corporation located miles away from your home,
without worrying about the transport.
• You may use your car for passive income by shaking hands with contractors like Uber. Amazon is also all set
to introduce their own scheme.

Drawbacks of Getting Your Own Car

• You need to keep it maintained to avail its benefits.
• You need to search for parking everywhere – grocery store, office parking, shopping centre, community
centre, and such.
• You walk less, and become lazy.
• You may spend more by visiting places that were not on your list before buying a car, or by dining out
every weekend.

The drawbacks of buying a car are many. But the options of financing your car without disturbing your monthly savings are also many. Seek out your priorities to identify your options!

The Spending War: Who Spends More? Men or Women?

Who spends more? Men or women?

No, you got the wrong answer. A recent study says that men spend more time and money in shopping stores than women. The study was conducted on one thousand Americans, and was also published in Dailymail. According to this study, men spend around three hours in the shopping stores a week whereas, women spend around 2.5 hours a week. Similarly, a man spends $85 on clothing monthly and a woman spends $75 on clothing in a month.

Did Millennial Generation Alter the Framework of Shopping?

Consumerism has greatly changed in recent years. The current generation is more interested in an upgraded lifestyle than buying a house or investing in real estate or stocks business. For example, the British women own four time more clothes than the clothes owned by British women in 1980s. Similarly, around 10.5 million tons of clothes are stacked in the thrift stores and resale centers in the US, whereas only 20% of them are sold within the country. Rest of the clothes are either given in charities or sent to other countries for resale at lower rates. An average American owns $550 worth of clothes, which they never touch or wear in their entire lives.
It seems that millennial generation enjoys shopping.

Why Do They Enjoy Shopping?

A team of researchers from MIT, Stanford, and Carnegie Mellon conducted an in-depth study on the neurological processes of shoppers. They used the fMRI technology to determine the effect of shopping on human brain. The technology detected high scores when the subject found their choice of items in the grocery stores, or when they were closer to buy those objects. Further study revealed that happiness from shopping is the result of pursuit or fulfillment of desire. Furthermore, it also revealed that two factors contribute to pursuit of happiness. These include the item of choice and its price. In marketing terms, this union is known as transactional utility.
These facts are surprising against the common belief that women spend more money; however, various factors in the framework of spending habits contribute to the overall statistics.

This Study Reveals Surprising Statistics

The US Urban Land Institute constituted in a report that 50% of men and 70% of women consider shopping as an entertainment. This means that women get their happiness from shopping, and may not require other types of entertainments to achieve satisfaction. In contrast, men require separate money for shopping and entertainment, whereas, men are likely to spend more money on entertainment as compared to women. Simply put, women acquire need and entertainment by shopping clothes, cosmetics, shoes, bags, and such. Men consider these items as a necessity and require separate funds for sports, movies, gaming consoles, and other forms of entertainment.
This report also states that women spend more time in looking, checking and comparing the objects than purchasing them. Women compare the prices, try clothes to see how they will look in these clothes, match makeup products, and buy only if they find a perfect match.

Advanced online payday loan site search

Not every online payday site is good enough for its borrowers ( well in reality none of them are good ). Some sites have major issues which will create problems and that should be avoided. To find good site you will have to sift through many bad sites, and to help you with that I will list more advanced parameters you should use when you search for a reliable online payday loan site. Some basic things you should look into will be omitted in this article, you should already have that knowledge imprinted in your brain.

Standard repayment

slider4Standard repayment period of the loan is your next paycheck, but that is not true for all sites. And different repayment period means different APR so you should look into what options does a site offer when it comes to maximum terms of loan and all other technical details that come with that.

Whether the site supports automatic withdrawal In repayment of the loan or not is one important thing that is overlooked more than often. If the site supports this then it means that it will automatically withdraw designated amount from your bank account when repayment period comes to the end. This makes repayment of the loan easier because you don’t have to care about whether you might breach the repayment period or not, but it also might be a hindrance. You might have been in a process of extending repayment period because you need that money for something else, and this system comes to play and withdraws that money from your bank account.

Extend repayment

Many online payday loan sites offer the ability to extend repayment period on a loan, but few of them give you straight penalties that come with it. I call them penalties because they are penalties. No site will give you an extension without consequences. Those consequences include increased interest rate or some other form of fee that must be paid on top of everything. In general using payment extensions on payday loans, both online and regular, was never and it will never be smart idea.


cara-memilih-bisnis-di-internetLoan rollover ( taking new loan and automatic partial payment of the old loan ) is optional and up to lender in the world of online payday loans. Whether this is available or not is all up to lender, as well as terms on which this can be used. Some sites will give you this option without any penalties or benefits, but the number of those sites is not high. Many sites will include a penalty or two if you go for this service, so be careful when choosing to do that.


When it comes to penalties I should also mention penalties for early payoff of the loan. This is not free in online payday lending. Many sites have penalties that must be paid if you have a desire to clean out a loan before its repayment date. This practice is just wrong, and instead of giving you benefits for being good customer they will make you pay more.


Access Money Immediately With Online Cash Payday Loan

When in need of urgent cash, what do you do? The paycheck is just due next week, but you need to meet an urgent bill now. Do you have time to wait for the long procedures involved in a loan application? If you have need for a cash loan on the same day, what do you do? Ask a friend or relative, and what if that option isn’t available? Online cash payday loans are there to save the day.

While the actual purpose of payday loans is to ensure easy loan processing for those who need it, but the online cash payday loan option ensures that you escape the processing hassle common with other loans. Also, most importantly, you get to have the cash in your hand on the same day as you submit the request. That can make a world of a difference when you are in urgent need.

Online Cash Payday Loan – What You Need To Know

The first question that many would ask is why not ask their regular bank for a loan? Why opt for a payday loan option? The answer is that online cash payday loans rid one of the hassle of going over to the bank to request an instant loan amount.

credit loans calculate

credit loans

The convenience element offered by payday loans is one major reason why they are given preference over regular bank loans. The online payday loan option ensures that you get your application processed within a matter of a few minutes. This is something unheard of in banks and other lending institutions, where the lending procedure takes weeks and there are a lot of background and document checks included throughout the process.

Here, approval for the loan request is issued within a few hours of submitting your loan form. At most, it might take one business day to process but not more than that. The online cash payday loan is an ideal option if you are faced with a small emergency and need a small cash loan to deal with the urgent issue.

One great feature of this online cash payday loan process is that you can make an arrangement to ensure that the loan amount is paid off, when you receive your next paycheck within a matter of 30 days. Another beneficial feature of the online cash payday loan process is that even if one has issues with their credit score record.  They can still apply and get approval for the required loan amount.

Same Day Cash Loan Option – The Big Benefit

The payday loan benefit also comes with a same day loan feature, which means that within a matter of a few hours, you can get your loan processed, approved and the loan amount transferred to your account for immediate use.

People, who need instant loans and don’t have any access to credit or any kind of savings, can apply for a loan online and pay it off within a few weeks or whenever the paycheck is due. The interest amount charged, however, is higher than the one charged in a normal long term loan.

To apply for a same day payday loan, the lenders such as Quiddi Compare UK usually require some proof of proper identification, credit history and the proof of employment. Online application will also require some basic account information for the transfer of the money on the same day into the account for urgent use. Thus, the online cash payday loan is a great benefit for anyone needing same day loans.



Payday Loans without the Employer’sCertification: Is It Even Possible? Yes!

How many times you were broke and without a single penny ? You have gone to your bank and they refused to give you a loan; your colleagues, too, they couldn’t help you at all because they were not able toprovide you with some cash. That is why we have online clubs that can assist you by offering you a payday loan. This is the money you need so much and the money which you simply can’t get from your bank. So, feel free to contact firms that provide quick payday loans without the certification from the employer.

Why should you get payday loans without the employer’s certification?

Because just by contacting these kinds of firms you will get the needed money within 15 minutes. More likely that they will approve a loan to you and pay out the needed money! Access to request is really easy and takes you only two minutes of your time to fill in the application and submit it to them.

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Withdraw payday loans without the employer’s certification does not require standing in lines and waiting at counters, no additional paperwork and extra bills of public notaries. So, you will save a lot of precious time and large sums of money by getting payday loans online!


A safe payment of money and the opportunity of returning to the pre-agreed rate of interest are guaranteed by raising loans without certification from the employer. These corporations are capable of offering to all their clients a service to get payday loans without the employer’s certification; Also, you can receive payday loans by sending a SMS. So, SMS loans are a simple form of applying and requestingof a payday loan. Also, more detailed information on how you can search sms-loanscan be found on their site.

Interest and debt

One can never have enough amounts of money; also, bills that are unpaid that accumulate day after day only create additional stress that will have an effect on your own business and your health. Make the accumulated debts bills disappear.Do not suffer or fear because you are lack of cash since there are sites that will give you the opportunity to get fast money within just 15 minutes from the period when you have sent the application form.

Payday loans will save you a great amount of money and your time. Quick services like this do not require confirmation from your employer whether you are employed for a definite or an indefinite period of time. Also, there will be no more standing In lines and waiting at counters at the banks.
[quote] The advantage of these companies is the speed at which their stuffworks with their clients;the way they communicate with themas well ashow they give payday loans without the certification from the employer. You can be sure about their professionalism, because you can be given a payday loan without certification from the employer even today. No more additional costs, papers and stress! [/quote]