A twenty thousand dollar amount on a credit card with a 15% interest rate can cost you as much as $325 a month in minimum payments (over a period of 10 years) with some credit cards having interest rates as high as 20% which can increase that minimum payment even more. This is also the minimum payment which means that a fair portion of that monthly payment is going towards interests and it will take even longer to pay off that twenty thousand dollars. Credit card companies will try to keep your favor by offering temporary lower rates and other incentives. These discounts may work well if you have smaller amounts on your credit cards, but if you have ten, fifteen, twenty thousand or more on your credit cards then this is by no means a solid solution.
Are there alternatives out there? The answer is yes, and one increasing popular alternative is a home refinance loan. Refinancing your home can provide the cash that you need to pay off those higher rate credit cards and save you money at the same time. Taking our example from above, the same twenty thousand dollar credit card bill paid off with a lower rate home refinance loan would cost you around $205 a month saving you around $120 a month (on a similar ten year refinance loan).
Does your small or medium-size business need a new phone system? Then you're in luck! Our new, updated comparison guide helps you cut through superfluous information and narrow down your list of solution providers. Get the latest data on phone system features, pricing, and performance metrics in an easy-to-use format. more
The holiday season is filled with frenzy and excitement for businesses and consumers alike. Consumers prepare gift lists, compare brands and prices, and begin shopping with a vigor that is not present most other times of the year. For many businesses, the holiday season accounts for a large profit bump at the end of each year, and companies strive to exceed their goals and keep customers happy during this rush late in the year. more
There are a lot of possible reasons you might want to switch to a new phone system. The old one might cost too much or be too troublesome to operate and maintain. It might not be flexible enough. It might not be reliable enough. Or it just might not have the kinds of features and capabilities that you need in today’s competitive business climate. more