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Posts Tagged ‘credit card’

What features should I look for in a bank account?

Wednesday, February 2nd, 2011

Choosing a bank account can be more difficult than a lot of people realize. Some people may think that all bank accounts are more or less the same – but in fact, different bank accounts can offer very different advantages.

There are a few things to think about. First of all, what kind of account do you want? A regular current account, perhaps, or a bad credit bank account? There’s also a ‘managed’ account, in which the account provider takes care of budgeting for you. An example of a managed bank service account can be found here.

Interest rate
A lot of current accounts offer little or no interest on your balance at the moment due to the low base rate, but some still do pay a reasonable rate. If you regularly receive money into your account (e.g. your salary), it could be worth finding an account that will offer something back on your balance.

But you will have to ‘balance’ this against the other benefits on offer – you might find that you’re better off with an account that doesn’t pay interest if the other benefits are good enough.

Overdraft facility
Even if you’re the kind of person who avoids debt like the plague, many people would argue it’s important to have access to some kind of credit for emergencies. Most bank account providers offer some kind of overdraft facility, and it’s worth comparing what the different accounts have to offer.

Ideally, you’ll want to find an overdraft with the lowest possible interest rate, but you’ll also have to consider the overdraft limit (an account with a £1,000 overdraft limit provides more protection than one with a £500 limit – but if you’d prefer to avoid temptation, you might prefer the lower limit after all).

An overdraft may not be necessary if you have a lot of money in savings or if you have a suitable credit card that you’d rather use, but it could still be useful to have.

Additional benefits
Increasingly, many banks are starting to offer ‘extras’ to entice customers. This might include things like free insurance, roadside recovery or access to better deals on the account provider’s other products, such as loans or mortgages.

Sometimes, the value of these extras can exceed what you would get back from an interest-paying account, so it’s well worth thinking about.

What do you do when your bank account has been frozen by a collector?

Wednesday, September 8th, 2010
qurious_q asked:

My friends credit card was declined during dinner and she called the bank and they told her a lawyer in another state froze her account. The bank does not know who the creditor is, only the lawyer.

It has been a week and the lawyer has not returned any calls and his the phone number provided is a cell phone. We are talking over $5k frozen. She swears she owes no one, has perfect credit, just received a recent copy of her credit report and everything.
Could it be possible identity theft? I’ve done searches trying to find this lawyer, a address or something and cannot find anything, the bank cannot either. Help me, help my friend.

How do I put money on my paypal account without a bank account or credit card?

Monday, February 22nd, 2010
bank account
PeaceOutCyclist asked:

I need to put some money on my paypal account. I’m 16 years old so, at the moment, I don’t have a bank account or credit card. Is there a way to put money on my paypal like via a prepaid card or something?

Seen Saint Seiya Anime?

Can I receive a paypal check without a bank account for my paypal account?

Saturday, November 7th, 2009
bank account
Help me. asked:

I recently made some money on paypal. My paypal account does not have anything besides my address and phone number etc. I did not use a bank account/credit card/ anything with my paypal account. Can I still receive a check from paypal and cash it at the bank even though I did not register my bank account on paypal?

Search Streaming Anime Videos

Discover Card $50 Cashback Bonus

Saturday, March 7th, 2009
Get $50 Cash Back from Discover!

Discover Card $50 Cashback Bonus

Discover is running a $50 Cashback bonus for signing up for their standard Discover Credit Card. A solid $50 Bonus like this used to be around a lot more before we ran into the bad economy. Discover Card has always been one of the most solid and reliable credit companies around.

Here is the overview on the $50 deal.

Simple as that! As always Discover Card never has an Annual Fee, Superb Customer Service, and Pick Your Own Credit Card Picture!

If you liked this deal, you may also be interested in our Financial Planning in a Downed Economy Article.

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