Posted on January - 11 - 2010
A basic bank account is an account people can use even if they have trouble qualifying for regular bank accounts because of a poor credit rating. If you have a poor credit rating and are having trouble being accepted for a current account, a basic bank account could be a good option. Read out top 6 tips to find out about basic bank accounts.
1. Find out if you qualify for a standard account first
It’s best to use a basic bank account as a last resort, because they have fewer benefits than regular current accounts. You will be given a cash machine card for ATMs and you may also have a debit card with which to make purchases. But basic bank accounts do not allow overdrafts and there may also be a monthly fee to keep it open. Y
Read more…
Posted on January - 10 - 2010
As 2010 begins and many Americans working on keeping their New Year’s resolutions to save money, they will also be trying to figure out what to do with the not-so-perfect holiday gifts they received during the holiday season. A recent survey indicated that 59% of consumers keep unwanted gifts they never plan to use, and 33% let them accumulate as clutter in their homes.
Besides taking up valuable space in your home, unwanted gifts are could also net you enough money to buy something you actually want. Of course, two main reasons consumers hold onto unwanted gifts is not wanting to upset the gift giver (60%) and for sentimental reasons (25%). <
Read more…
Posted on January - 10 - 2010
Investing in bonds is a good investing decision in the current market. There are several types of bonds to be considered. Bonds are available in the corporate market, the municipal market and the MBA Market or mortgage backed securities as well as others.
Bonds are available in almost any amount and with a direct account you can purchase this amount every month automatically. Bonds do require varying minimum purchase amounts depending on type. By investing in bonds you earn interest quicker than you could in a normal savings account.
Bonds are available at less than their face value but only with certain types. Others have to be bought at face value.
Read more…
Posted on January - 09 - 2010
Almost many humans living in the US are relatively familiar with the word late fees; it becomes a part of one’s lifestyle with the increasing costs and expenses. Blame it on the recession or the hike in inflation but we have to deal with the irony of life and that we are dependent on paycheck for our monthly expenses. We are so busy working so hard yet we don’t seem to realize it before it is too late. We are striving all the time to pay bills on time to avoid the late fee from our budget. No matter how hard we try to avoid paying late there are some more expenses down the line that needs to be paid. In the whole balancing act we may run into a lower credit score tag. We
Read more…
Posted on January - 09 - 2010
Virgin plans to launch a range of bank accounts. The anticipated launch of new bank accounts under the Virgin Money brand should help to improve choice for consumers, watchdog Which? has said.
Virgin Money announced today (January 8th) that it has acquired Yeovil-based bank Church House Trust for £12.3m and aims to use it as a platform from which to develop “a retail banking business in the UK, offering a full range of products to consumers”.
Jayne Anne Gadhia, chief executive of Virgin Money, claimed that the reputation of many UK banks had been “tarnished” by the financial crisis.
She said that the new bank would provide “a better, different form of banking to its customers, increasing competition in the sector” and offering “good value to customers”.
Sir Richard Branson, who founded the Virgin group, added that he hoped to bring “simplicity” to the UK’s banking market.
Commenting on the move, Which? Read more…
