|
|
Written by Brady
|
|
Friday, 26 February 2010 13:21 |
|
No Interest No Payments...No More as of Feb. 22nd
Furniture commercials will never be the same because as of February 22nd you will no longer see "no interest and no payments" in the advertising. The reason is that as part of the Credit Card Act creditors must make major changes in their advertising and disclosures when extending credit to consumers.
Among the changes:
- Ads cannot say that financing is 0% when indeed it is not.
- Warnings added in the statement before the deadline for repayment
- No more sudden rate hikes
The changes were made to help protect consumers. The deals are so appealing but consumers often neglect to read the fine print and find themselves owing much more money than they thought because they missed a payment or did not fully understand the terms.
I know one thing, all the furniture commercials during the evening news will forever be changed.
For more information visit CreditCards.com for further details.
|
|
|
Written by Russell
|
|
Monday, 08 February 2010 08:45 |
|
When deciding whether or not to lease a car, it is important to consider several factors. When leasing a car, the monthly payments are generally lower than the monthly finance payments because you are paying for the car’s depreciation during the lease, plus rent charges, taxes and other fees. However, after paying for all of these things, you must return the car at the end of the lease unless your lease permits you to buy the car. Make sure to consider different lease offers and terms, including mileage limits and how long you want to keep the car before you decide on a lease.
When you lease a car, you purchase the right to use that care for a predetermined amount of time and miles. At the end of the lease you may return the car and pay certain fees and charges or you can buy the car for an additional “already agreed-upon” price. You should be careful not to sign a lease for more time than you truly want to keep the car as there are heavy early termination charges if you end the lease early.
In a lease, you are responsible for excessive wear and damage to the car. You are also responsible for bringing the car in for service in compliance with the manufacturer’s recommendations. You will also have to have insurance that meets the leasing company’s standards.
|
|
|
|
|
