Thursday, December 27, 2007

Unbeleivable Loan Interests Charged - 2.6 million per cent interest rate

Festive season means people need more money to spend. And People often fall under the trap of extortionate quick-fire loans. Yeah recently this has happened with the unnamed York woman, who actually borrowed £320, and in return paying back more than £800 every month, almost £700 being paid as interest every month. And credit firms do claim that they are not breaking laws. It means the woman would have to pay as interest £12.80 in a day, £92.80 in a week, £400 every month or £4,809.60 over the year. Not only that, she had also taken a loan from Payday UK in Milton Keynes and they are charging 16,203.2%, making her repayments even higher. It is better that we plan our finances in a better way before we let everyone access our pockets.

Tuesday, December 25, 2007

Merry Christmas and Happy New Year 2008

Wish you all

And a Prosperous, Smooth, Happy and Safe Financial New Year through 2008, well in advance!

"A big part of financial freedom is getting your heart and mind free from worrying about the what-ifs of life." - Suze Orman.

Thursday, December 20, 2007

Impact of credit score on your lifestyle

Most People in the US have credit scores between 600 to 650. And certainly credit scores may change your life styles. Excellent credit scorers have high chances of availing huge loans at low interests, quite conveniently. But it is not that the bad or poor credit scorers will not get any loans. The loan people would also offer loans to them but the rate of interest comparatively is higher than good credit scorers. Also, people with bad credit scores are not likely to get approved for a credit card. So this way better credit scorers may enjoy whatever they want e.g. they may have more credit cards, buy a car, house, or get approved for any kind of loan they want at cheaper interest rates.

Some of you might be new, and are not aware what would be the range of good or bad credit scores. Following data would help you to understand the ranges:

700 or Higher - Excellent or very good credit score
680 to 699 - Good credit score
620 to 679 - Average credit score
580 to 619 - Low credit score
500 to 580 - Poor credit score

And if you have a credit score in between 300 to 499, then you just got a bad or worst credit score. So be careful and try not to fall below the Good credit score range in order to avail your full credit benefit.

Wednesday, December 12, 2007

Top 11 Financial Quotes

Hope you all have enjoyed my post on -"Life Balance Sheet". Here is another one, but its not about Profit & Loss statement. Over here, some famous personalities are depicting the profits & losses in their lives and have quoted their financial matters in golden words. Check it out over here:


“A penny saved is a penny earned.” -Ben Franklin

“Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing.” -Jean Paul Getty

“Every day I get up and look through the Forbes list of the richest people in America. If I’m not there, I go to work.” -Robert Orben

“Money is power, & you ought to be reasonably ambitious to have it.” -Russell H. Conwell

“Money is usually attracted, not pursued.” -Jim Rohn

“Money is the sign of liberty. To curse money is to curse liberty–to curse life, which is nothing, if it be not free.” -de Gourmont

“Money never starts an idea. It is always the idea that starts the money.” -Owen Laughlin

"If women didn't exist, all the money in the world would have no meaning. " -Aristotle

“The art is not in making money, but in keeping it” -Unknown

“The rule is not to talk about money with people who have much more or much less than you.” -Katherine Whitehorn

“Wealth may be an excellent thing, for it means power, and it means leisure, it means liberty.” -James Russell Lowell