Great Pieces of Financial Advice!

It often is quite expensive to hire a financial adviser and books that give financial advice always cost. However, there is always another way to get great tips on managing your money or maintaining a good credit score: reading articles online!

It costs nothing to do online research and can be quite effective in finding you the information you really need. Our website offers free articles to anyone that wishes to visit our site. Read the list below for free financial advice!

1. It can be difficult to negotiate a decent annual percentage rate with a credit card company. You can’t lower an interest rate on an existing debt that is already in the company’s records but you can inquire about better offers. Chances are they probably have them!

2. Want to buy an expensive piece of furniture or an apartment but can’t afford the higher interest payments? Think about calling the retention department of your credit card company and see if they are offering promotional rates. It can lower the amount of interest you have to pay for a short period of time, like six months.

3. Remember that balance transfers between accounts in different banks can harm your credit score. People do not often realize this. Be sure to keep all balance transfers to a minimum and only do so when you are seriously lacking funds.

4. Even young adults invest money for their 401-Ks or retirement funds. However, you do not want the places you invest in to be high-risk so early in your career. Do extensive research about places you are considering investing your money in; you are the one responsible for where you put your money.

5. Never launder money! You will get caught!

6. Avoid having too much unused credit and keeping one or two credit cards around with a higher limit. You want investors to find you an attractive option and to see as you someone that will make their payments.

7. Never pay the bare minimum of a credit card payment. If you can’t pay it in full, at least pay close to the full amount as you possibly can. Paying the minimum on credit card payments could place you in debt.

8. Debt is a major determining factor in whether or not you can secure a good mortgage rate. Maintain a debt that is 30% of your income and that your payments are made on time and not late. Need more advice on securing a good mortgage loan? Talk to a real estate investor.