Comments on: Top 10 Financial Products To Avoid http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/ Simplifying Finance, Housing and debt Fri, 10 Feb 2012 11:38:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Interest-free credit http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/comment-page-1/#comment-2695 Interest-free credit Tue, 07 Sep 2010 13:00:29 +0000 http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/#comment-2695 A good way to purchase high priced items without relying on bad financial schemes is to use buy-now-pay-later plans that offer 0% interest. This means you can get the products you want and then pay for them in managable, monthly installments without any hidden costs A good way to purchase high priced items without relying on bad financial schemes is to use buy-now-pay-later plans that offer 0% interest. This means you can get the products you want and then pay for them in managable, monthly installments without any hidden costs

]]> By: Closeout Shoes http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/comment-page-1/#comment-2693 Closeout Shoes Mon, 30 Aug 2010 08:36:20 +0000 http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/#comment-2693 2010 year import and export buy cheap products from Yiwu, the largest China wholesale market. 2010 year import and export buy cheap products from Yiwu, the largest China wholesale market.

]]> By: financialspreadbetting http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/comment-page-1/#comment-2603 financialspreadbetting Sun, 13 Jun 2010 06:51:00 +0000 http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/#comment-2603 Yes, if you need any of those products then you need to sort out your finances. Yes, if you need any of those products then you need to sort out your finances.

]]> By: Diep Mounin http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/comment-page-1/#comment-2568 Diep Mounin Mon, 17 May 2010 04:12:10 +0000 http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/#comment-2568 Great advice for making our money flying out of hands Great advice for making our money flying out of hands

]]> By: payday loans alberta http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/comment-page-1/#comment-2557 payday loans alberta Thu, 06 May 2010 19:49:23 +0000 http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/#comment-2557 Store specific credit cards are those that can be used only at the store where you signed up. Do not be enticed to sign up for these cards even if the store gives you 30% off on the day you sign up. The reason is that they generally have very high interest rates and could lower your credit score. These are different from a cobranded credit card that can be used anywhere. An example of a cobranded credit card is the Costco Amex Card, which can be used outside of Costco. Cobranded cards generally have better rates and better internal controls than store specific cards. Store specific credit cards are those that can be used only at the store where you signed up. Do not be enticed to sign up for these cards even if the store gives you 30% off on the day you sign up. The reason is that they generally have very high interest rates and could lower your credit score. These are different from a cobranded credit card that can be used anywhere. An example of a cobranded credit card is the Costco Amex Card, which can be used outside of Costco. Cobranded cards generally have better rates and better internal controls than store specific cards.

]]> By: Horlic http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/comment-page-1/#comment-2428 Horlic Thu, 07 Jan 2010 06:12:42 +0000 http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/#comment-2428 That’s really bad if someone had all this 10 items... I’m sure sooner or later he will declared bankruptcy :-) That’s really bad if someone had all this 10 items… I’m sure sooner or later he will declared bankruptcy :-)

]]> By: Dorsey http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/comment-page-1/#comment-2344 Dorsey Wed, 16 Sep 2009 21:08:20 +0000 http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/#comment-2344 Do not using cards is the easiest way to never get fees. But I use them for a lot of good reasons and never pay interest rates. Some people use them a lot, and you have to start somewhere. Making a conscious effort to understand your payments and fees and how your credit card usage patterns affect them is a great start for many.I think rate-jacking would be similar to universal default interest rate ladder? (I guess I went with the industry term). If it isn’t I will research it and add it to the list! Thanks for the comment! :) Do not using cards is the easiest way to never get fees. But I use them for a lot of good reasons and never pay interest rates. Some people use them a lot, and you have to start somewhere. Making a conscious effort to understand your payments and fees and how your credit card usage patterns affect them is a great start for many.I think rate-jacking would be similar to universal default interest rate ladder? (I guess I went with the industry term). If it isn’t I will research it and add it to the list! Thanks for the comment! :)

]]> By: Yannis http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/comment-page-1/#comment-1474 Yannis Wed, 25 Jun 2008 15:46:22 +0000 http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/#comment-1474 the Visa ‘Aspire’ card seems like a sweet deal for the banks pocket, besides interest...they make around $257 for each person, that is crazy. the Visa ‘Aspire’ card seems like a sweet deal for the banks pocket, besides interest…they make around $257 for each person, that is crazy.

]]> By: em http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/comment-page-1/#comment-1374 em Thu, 01 May 2008 16:11:27 +0000 http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/#comment-1374 they got the balloon mortgage wrong. what they're talking about is an ARM. A balloon mortgage is one where you pay a small amount every month during your introductory period, and then when your intro period ends, you owe a huge check for the rest of your outstanding balance. they got the balloon mortgage wrong. what they’re talking about is an ARM. A balloon mortgage is one where you pay a small amount every month during your introductory period, and then when your intro period ends, you owe a huge check for the rest of your outstanding balance.

]]> By: Monevator http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/comment-page-1/#comment-1293 Monevator Fri, 11 Apr 2008 18:50:08 +0000 http://www.mortgageguideuk.co.uk/blog/finance/top-10-financial-products-to-avoid/#comment-1293 I agree with the article in general, and disagree with the post who suggests some of those are useful products... with the possible exception of the interest only mortgage. That's a very sensible way of buying a buy-to-let for tax reasons, as I understand it. I guess the others are 'useful' in that if you need a payday loan you're probably incredibly grateful to get one, but it'd be better to try and fix your finances in the long-term... I agree with the article in general, and disagree with the post who suggests some of those are useful products… with the possible exception of the interest only mortgage. That’s a very sensible way of buying a buy-to-let for tax reasons, as I understand it.

I guess the others are ‘useful’ in that if you need a payday loan you’re probably incredibly grateful to get one, but it’d be better to try and fix your finances in the long-term…

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