My Peep At Life…

October 1, 2007

Understanding credit cards is as easy as 1-2-3

Filed under: Finance,Reviews — peepingtom @ 11:04 AM
Finance 123 Review

Having debt is not a bad thing, as long as you can afford your loan and debt repayments. Credit cards are a good way to get a short term loan for a few hundred or couple of thousand pounds. However, if you don’t clear your balance every month, interest payments can be expensive. Being able to compare the best rates for unsecured and secured credit cards helps make sure you are getting the best deal and not spending a fortune on interest.

If you can regularly clear your balance every month, then you can actually earn money with cash back credit cards. Simply put, you get paid back a percentage of your spending, usually 1% or 2%. Therefore if you spend

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