High Interest | High Interest Rate

People don’t you realize that high interest rates can be a good thing? ?

July 16, 2010 @ 2:27 am · Filed under High Interest

Health Nut asked:

Most people borrow and accumulate debt and get penalized by high interest rates, but if you put your money in the bank and COLLECT interest, that can be very beneficial for you.

Whenever someone asks “Why does Jimmy Carter get such a bad reputation?” “High interest rates” is always in the top 5 answers.
It sickens me how dumb people are. Instead of collecting from a high-yield cd they’d rather gamble their money in stock and lose everything like they did this year and in the year 2000 and in 1929.

Hillary wanted to freeze interest rates for 5 years.
I like that…..freezing interest rates is better than one day up and the next day down. Let’s bring some stability back.

When Bush was trying to exagerate how good the economy was, he used “interest rates are low” as a reason to make people think the economy was in good shape.

Interest rates being low can be very harmful.
High interest rates fight inflation.
They do far more good than harm.

Maybe you people should stop over-borrowing and over-gambling.
Then high interest rates will be benefiting you.

Make Money with Google

How to avoid daily interest rate when debiting money from a credit card?

July 6, 2010 @ 11:33 am · Filed under High Interest

Leonardo_Theodoros asked:

My little sister got her first credit card from a a store.Normally credit cards give you close to 30 days for paying the interest or the total.

Ideally If you purchase any products and you pay your debt at time, you pay nothing.

If you debit cash money of $100, for example,you will nevertheless pay the interest fees even if you paid everything at time before the 30 days of your bill payment.

I want to know if American express prepaid gifcard, if purchased, can be considerate like cash debit or a regular product.

For clarification, a prepaid gifcard is a card that have a fix amount of money preincluded.The card can be use for debiting or purchasing.

In the case the gifcard could be considerate like a product, no interest fees would be apply during the 30 days.

So this is my question, I want to know if credit card spare us from their high interest rate if purchasing gift card.

If yes, where can I buy similar gift card in Quebec,Canada?This could be the best solution to avoid high

0 Percent Balance Transfer Credit Card

Where to find high interest savings information?

June 16, 2010 @ 3:59 pm · Filed under High Interest

Chelle asked:

I was working on a homework assignment, where I am supposed to compile a report containing three different investment plans that will increase a $10,000 investment to $30,000 within 20 years. I suggested a savings account with an interest rate of at least 5.5%, stocks, bonds, and mutual funds.
Now that I have that, I need to come up with actual real-life examples of each, including names and interest rates. So far, I’m not finding any high interest rate savings accounts. I was wondering if anyone had any tips that could be helpful. Thanks!

Make Money with Google

Is there any way to lower the interest rate from 33% from credit cards to lower rate due to bad credit score?

June 12, 2010 @ 5:24 pm · Filed under High Interest

My checking was NSF when I was out of the country for few weeks. I resumed the payments on my credit card when I was back. As the result, some of my credit card interest rate jumped from 5.9% to 29.99% and 33.34%. I am still making payments on the cards, but it is very difficult to pay down the balance when the rates are so high.

Sandra says-

OC1999 give some good advice below. Explain your situation and see what they say, they might reduce it some, not all the way at first, then some more later after you’ve paid on time for a while. Honestly, sometimes I make up a good story that could be true in these types of situations because the credit card companies are kind of ridiculous. For example I might say, well I had overdraft protection before, but they changed the policy or I missed a payment and I guess I don’t have it now. I didn’t know that I didn’t have it. You get the idea, anything that will make them feel sorry for you or it wasn’t really your fault etc. They make enough money without taking us to the cleaners for one bad check. When you’ve made more on time payments, if they don’t reduce it try applying for a few offer and see if you can get a decent balance transfer offer or just a lower rate credit card. You never know sometimes you get approved, even if it’s just for 1-2k. Better than nothing if they give you a good deal. Then try to pay down the debt on the higher one if you have any left as soon as you can.

Identity theft Precautions