The Do’s and Don’ts of Credit Cards


The credit card is perhaps one of the most dreaded and misunderstood financial instruments.

The financial landscape is littered with users who don’t understand how to properly use it and end up landing themselves deeper into debt. Then there are those who fear using it because of the tales they’ve heard.

And this trend is increasing among the younger users. Indeed, according to Chime’s recent survey, almost 70 percent of millennials prefer debit to credit. Many avoid using it altogether.

However, such behavior might be too extreme. If used and understood properly, a credit card can be an extremely valuable financial resource. Therefore, we present a set of do’s and don’ts that you need to consider while using credit cards.


Consult your credit history before you go for a credit card

It shouldn’t come as a surprise to you that those with the best credit are the ones who end up with the best terms and reward offers when they apply for credit card. So, do check your credit score before you apply to get an accurate sense of the kind of deal you may receive.

Read the terms and conditions before applying

One of the biggest mistakes people can make while applying for the credit card is ignoring the terms and conditions. Before you sign, read the terms and conditions document carefully. Make sure you understand each and every one.

Pay the credit card bill regularly

Your credit card bill is just as important as any other utility bill, perhaps even more so since carrying the balance to the next month may raise the interest to unaffordable levels.

Keep a record of transactions

Keeping track of the purchases made on the card is highly important. It prevents you from becoming a victim of fraud or unauthorized use.

Try to go for the credit card with the lowest interest rate

Credit cards vary when it comes to terms of use. Make sure you get the best deal while shopping for one. Low interest rate helps a lot, especially if you often carry a balance over to the next month.


Don’t buy what you can’t afford

This is the simplest rule to avoid mounting credit card debt. Having a credit card doesn’t allow you to buy whatever you want. Remember, at the end of the day, you’re paying much more for your shopping than you normally would because of the interest.

Don’t miss the payments

Another simple tip is to pay your bill on time. Missing it and carrying a balance means much higher interest. And don’t forget a noticeable fee for paying late as well.

Don’t carry a lot of cards

You don’t need more than two. If you carry a lot of cards, it’ll be extremely difficult to keep track of all of them.

Don’t apply for cash advances

Cash advances carry much higher interest rates and much more additional fees. Plus, there is no grace period, which means that you have to pay interest on the borrowed amount even if you make timely payments.

In Finance

How to Tell If Your Friend is a Moocher


They say, more friends, the merrier. What to do if one of your friends is only your friend so they can leach on to you and suck you financially dry? When they are tagging along with you, they will not miss an opportunity to mooch off you.

These types of friends will use your generosity to take your money in a very smart fashion. For them, you will be their own personal bank account. You need to eject them from your life, but how do you spot these money-hungry and money-robbing leaches? Well, here are four signs you need to be on the lookout for:

They Never Have Money to Pitch In

When you go out to eat with your other friends or just them, you can count on them never to pay their share. Instead, you will be paying theirs and yours share. When you host parties and delegate certain people to bring food to your place, they will not offer to bring anything. They will only come to eat the food, but will never pay anything out of their own pocket.

They Never Pay You Back

They will ask you to pay for them on numerous occasions. They will make some excuse for not having any money on hand and you will end up paying for them. You can do your best to ask them to repay you what they owe, but their never-ending list of excuses will make you quit asking for it after a while. With them, you can forget about ever getting your money back. It is a lost cause! Forget about it!

They Will Always Play the Guilt Card

If your friend is a single parent or you earn more than they do, they may expect you to get the tab each time. They are an adult and need to own up to the financial responsibilities that come with age. You may be a considerate person, but you are not responsible for them. You can pay their share one time, okay, two times, but if it becomes a recurrent habit, they are not your friend.

They Always Have a Million Excuses

This sign ties in very well with the first and second signs. If your friend always comes up with an excuse to justify why they cannot pitch in money, you need to let them go. Moreover, when you need cash, they will not offer to pay for you and will have another reason explaining why they cannot.

You will have to arrange money regardless, which is horrible. Moreover, if your friend has a job, but still complains about their financial hardship, see this is as a definite sign to let them go. You do not need friends like that your life.

Do you recognize a friend in your circle that exhibits any of these four traits? If you do, you need to distance yourself from them or else, they will keep mooching off you.

In Finance

The Best Long Term Loans


Do you wish to take out a big loan from a bank or a credit lending institution but want to pay tiny instalments on it over a period of several years? If your answer is ‘Yeah dude’, then wait no more and start looking for a credit lender that provides best deal on a long term loan. Before you start a search, it is wise to have a little bit of an overview as to what a long term loan is so that you don’t make a fool of yourself when talking to a credit officer.

Under a long term loan, a borrower of the money take out a loan in one lump sum and then pays it back along with the interest amount over a period of several years. In UK, generally a long term loan is granted by banks to individuals for 3 years and 5 years. A long term loan can be availed with or even without collateral but since an unsecured loan with no collateral will have a greater loss for a bank or credit lenders in case there is a default, that’s why unsecured long term loans have a high risk premium attached to it.

This long term credit facility is often availed by businesses, entrepreneurs, students and even first time home buyers that need a big fat heavy financing right at the beginning but will be able to repay the amount in instalments over years. If you are also looking for avenues from where you can take a long term loan on favourable terms then here are some best types of long term loans that we have shortlisted for you.

Mortgage for Home Buyers

If you want to purchase a home of your dreams then probably you will need big fat financing from the lender. The most common type of long term loan extended to the customer for buying a house is a mortgage. In a mortgage, borrowers do not have to keep anything as collateral and the home that they are buying is treated as collateral. Mortgages are popular in UK and you can easily find a banker or a credit officer who will be willing to extend you the mortgage facility if you have a good credit score. According to a statistics by Bank of England, mortgage loans have increased by 2.5% this year as compare to previous year.

Bonds for Business

If you think that the cost at which the bank is offering capital is too high then a business can choose to subtract the banker from the equation of business and borrow the money from other corporations and general public by floating a bond in the money market. By this method, a company can raise funds immediately at a low cost and then pay a fixed amount of coupon rate to the bondholders annually.

Student Loans for NINJAs

Student or millennials that are borrowing loans to finance their education are the NINJAs. No, they won’t chop off anybody’s head; they are NINJA in the sense that they have No Income, No Jobs and No Assets. But this can’t be an excuse to ditch the studies so they too, in the world of financial capitalism, can borrow a long term loan and pay it after their graduation.

In Finance

Yay and Nays of Payday Loans


Payday Loans are becoming the new black. More and more people are now turning to payday loans instead of traditional bank lending. When people need money in an emergency, they have a number of different options to choose from. Payday Loans is one that stands head and shoulders above the others. But should you really go for Payday loans when you find yourself in a financial crisis?

Is it beneficial or detrimental to use Payday loans? This article outlines some advantages and some disadvantages of using Payday Loans.

Nays of Using Payday Loans

  • Payday Loans are short term loans. People who need large amounts of money to handle a bigger financial crisis can be disappointed with payday loans because the amount of money lent and its payment schedule is smaller than other loans.
  • Despite the fact that payday loans have simpler vetting process for potential borrowers, there is one requirement that must be fulfilled. The borrower needs to be employed full time. People who are working on and off or those who have retired and are on social benefits cannot make use of payday loans because they wouldn’t qualify.
  • People who don’t have a current bank account cannot make use of these loans. The user may like dealing with cash only, but for them to get payday loans they need to make a bank account.
  • Payday loans available online can have a risk of fraud. Not all websites online are genuine and there is a high chance that users may be duped into giving out their financial details for payday loans when it is actually a scam website. It is important that the borrower is able to apply for pay day loans at a website that is reliable.

Yays of Using Payday Loans

  • Using payday loans can help you avoid fines and unnecessary surcharges. Not being able to pay your bills for lack of cash can result in late payment fines etc. Using payday loans helps inject cash into the cash flow and allow the borrower to pay off their dues that might result in a surcharge later.
  • Payday Loans help you deal with situations that you have not planned for. One of the reasons these loans are becoming popular in the UK is because people can face economic emergency at any time and they need fast cash to get through that emergency. Payday Loans provide that avenue by paying for your emergency tooth filling, car repair, etc.
  • They can help the borrower repair their credit rating. There are some financial obligations that need to be fulfilled each month or they could result have a negative impact on your credit rating. Taking payday loans can help you meet your financial obligations and save your credit ratings from falling down.
  • People who are struggling with their credit rating can use this method, because it does not give utmost importance to a lender’s credit rating, instead focusing on their need.

These are some of the advantages and disadvantages of payday loans. It is on you to decide whether you want to go forward with it or not.

In General

Strip Comics!


Hi everyone, this is going to be a short one for my first post, sorry. I just wanted to introduce myself–Dave, hi–and talk about general stuff.

So, I don’t watch a lot of TV… which people find very strange for some reason. I’m also not on Facebook very much, if at all, which even more people find even stranger. I try not to mix those two facts with the fact that I don’t have a smart phone… because I think I’d be literally blowing peoples’ minds with that information. Anyway… I’m getting off topic. What I do tend to watch is YouTube. It’s awesome isn’t it? You could literally learn anything on that website, what’s more is that there are tonnes of really entertaining shows. Granted… there are tonnes of absolutely rubbish shows… but that’s the same as TV isn’t it… so not much you can do about that.

Where am I going with this? Oh yeah! So, there’s this channel I’ve been watching lately, it’s called comics explained and it’s fascinating. The guy covers everything there is to talk about regarding comics. Now… I’m not a comic reader… nor do I have any interest in them. However… this guy–Rob–is really interesting. There’s so much lore behind every comic, I had no idea so much thought went into them. There us also a rich history behind comics and a culture that is deeply entwined with society. For example, comics typically mirror the society of the time. In times of war, story arches mirrored, to some extent, what was actually happening in real life.

Other interesting areas are the evolution of heroes and villains. For example, both sets of antagonist and protagonists inherently had some additional super human abilities. When stories were first written, characters gained these powers through things like exposure to radiation or cosmic rays. However, it wasn’t long before story writers were struggling to introduce new characters as they were quickly running out of ideas and ways to give them special powers. It wasn’t until the late 80s that Stan Lee introduced the concept of characters gaining their abilities due to genetic mutation, from birth. This spawned a paradigm shift in comic story lines, opening the flood gates to new and exciting story arches that were practically limitless.

This however, spawned a new challenge. Stories were getting so expansive that it made it difficult to capture new audiences. New readers were being forced to learn a hell of a lot about characters and past events in order to understand current plots and events. With dwindling sales in the early 2000s Marvel and DC underwent a huge ‘reboot’ of their respective franchises. They reinvented characters and completely changed settings, spawning yet another new era of comics.

In General