Products Offered by Department Stores

by John Stevenson on April 16, 2014

Brick-and-mortar banks, finance companies, and online banks offer specialty, secured, and other credit cards. There are different products to choose from, including balance transfer and airmiles credit cards.

Walmart Credit Card Instant Approval

This is a good choice for customers with poor or fair credit who have more limited options and seek to rebuild credit. In addition to discounts, some department stores also feature interest-free financing . In most cases, these cards can be used in one chain or store only. Customers often apply for department store cards because the requirements and criteria are more lenient.

Airmiles, Rewards, and Other Cardsshopping-

Banks and credit unions offer rewards, airmiles, and cashback credit cards to businesses and individual customers. Customers can choose from different rewards and cashback credit cards, depending on their income, credit rating, and other factors. Banks and other issuers feature rewards cards with bonus categories. Specialty cards come with frequent traveler programs, statement credit, and discounts at participating stores. There are different bonus categories such as online retailers, restaurants, grocery stores, gas stations, and others. Some card issuers also offer a fee waiver during the first year so that customers save on annual fees. Whether customers benefit from bonus points and rewards programs depends on their spending level. Holders earn points while dining at restaurants and traveling. Whether a rewards or cashback credit card is the best choice for you depends on your lifestyle and spending habits. Consumers who spend a lot of time travelling and driving often opt for gas cards. Borrowers with average income often choose low interest cards to save money on interest charges. Customers are offered plenty of benefits such as cell phone replacement insurance, concierge services, and others. Other perks include guaranteed returns, preferred seating and car-buying and rewards programs.

Prepaid and Secured Credit Cards

Prepaid and secured cards are usually offered to customers with tarnished credit. While the interest rate is higher compared to personal loans, this is one way to build credit. This is one option for borrowers who are turned down by issuers offering unsecured credit cards. Customers are required to make a security deposit that serves as a guarantee against default. Look at different options, including cards offered by big and small banks, before making a decision. Check for fees, penalties, and hidden fees.

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The Most Important Factors for Banks

by John Stevenson on April 13, 2014

Lenders offer short-term loans with extremely high rates, ranging from $100 to $3,000. Borrowers with financial problems and excessive debt often apply for such loans because they are turned down by traditional lenders such as banks and credit unions. Payday loans are one option for borrowers who need urgent cash. Payday lenders have more lenient criteria, and it is easier to qualify. In addition to high interest rates, some lenders use unfair practices. Borrowers with a history of bankruptcies and defaults are risky candidates.calculator

A cash advance is a short-term solution, and another option is to apply for a secured loan. In this case, the interest rate is lower because banks can seize the asset in case of default. Some financial institutions offer unsecured loans to borrowers with poor credit but require a cosigner who is responsible for repayment in case of default.

Borrowers are usually asked to present documents such as recent salary slips, photo ID or passport, account statements, and others. The list includes documents such as bank statements, paychecks, loan balances, and others.

Borrowers must present additional documentation such as telephone or gas bills, income statements, and a form of identification such as driver’s license or certificate of birth. People who apply for unsecured business loans are asked to present documents such as financial estimates and projections, bank statements, business leases and certificates, and others. There are different types of financing, including installment and auto loans and cash advances. Traditional and online banks and finance companies offer unsecured loans. Standard loans are offered to customers with solid payment history or business revenues.

There are different types of bad credit loans in Toronto, including used and new car loans, consumer, and student loans.

Consumers who need funds to finance the purchase of a vehicle, be it a car, van, or boat, apply for personal loans. Financial institutions that offer auto loans request information such as vehicle age, model, make, etc. Student loans are also offered by banks, government agencies, and other entities. Students benefit from competitive interest rates and flexible repayment solutions while the funds can be used for college-related expenses such as books, textbooks, and tuition and board. While there are different types of loans, the main difference between secured and unsecured debt is the presence of collateral. The most important factor for banks is whether borrowers are able to meet their payments.

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Government vs. Private Loans

April 9, 2014

There are different ways to fund your college education, including unsecured signature loans and peer to peer lenders. Students can choose from private and state universities, and the latter are usually less expensive. There are different options to consider including financial assistance under government programs and loans from brick-and-mortar banks and non-bank lenders.The best choice […]

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Do You Need a Loan to Go on Vacation?

April 4, 2014

Consumers apply for personal loans to meet large and unexpected expenses, pay gas, electricity, and other bills, and consolidate debt. A personal loan helps borrowers to consolidate high-interest debts and makes payments affordable.  Travel and Vacationing A holiday loan is used to meet travel expenses and often comes with a term of 1 to 7 […]

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Bad Credit Loans Available to Start-up Businesses

April 2, 2014

Entrepreneurs and small businesses need financing to buy equipment and machinery, land, and facilities, for their normal operations, and to start a business. There are different options available depending on the applicant’s personal and business credit score, loan purpose and amount, financial and bank statements, and other factors. Funding Options Finance companies and microlenders are […]

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Lines of Credit Offer Added Perks and Immediate Access to Cash

March 24, 2014

Financial institutions extend lines of credit to governments, organizations, businesses, and individual borrowers. A cash credit is one type of LOC that allows borrowers to withdraw funds on a constant basis. Lending Requirements and Features   The main benefit for borrowers is that they can draw on the line multiple times and whenever they need […]

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Loans from Banks and Non-bank Lenders

March 20, 2014

Business owners can choose from different types of loans, including government and private. Some small business loans require collateral while others are unsecured. The main types of financing include loans and revolving credit such as lines of credit. Government backed loans are also offered through micro lenders, community development organizations, and others. The funds can […]

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Conventional, Subsidized, Payday, and Other Types of Personal Loans

March 17, 2014

Personal loans are offered by financial institutions such as banks, credit unions, and savings and loan associations. There are different types to choose from, including mortgage, consumer, auto, and student loans. Personal Loans and Requirements The choice between secured and unsecured loans depends on many factors such as the amount required, purpose, credit score, and […]

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Government, Institutional, and Private Loans for University and College Students

March 5, 2014

Scholarships and Grants Government loans usually come with lower interest rates and flexible repayment schedules. Students who are homeschooled by tutors, legal guardians, or parents are also eligible. Students enrolled in trade schools, community colleges, and universities can apply for subsidized and unsubsidized loans. The main benefit of subsidized loans is that they are interest-free […]

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Auto Leasing Requirements for Canadians

February 28, 2014

Car loans are offered by banks, credit unions, finance companies, car dealerships, and other parties. Borrowers can choose from different options, including chattel mortgages, conventional loans, operating leases, finance leases, and others. Financial institutions offer unsecured and secured loans, and the latter require collateral. Fixed and Variable Rate Loans Borrowers can choose from different types […]

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