Tag Archives: money
Why a Prepaid Debit Card and Not a Credit Card?
Prepaid debit cards are a good alternative to credit cards for anyone who is trying to control their spending. A prepaid debit card allows a consumer to deposit their money into a virtual account that can be accessed through a debit card. Once the funds are depleted, the consumer cannot spend anymore.
Unlike a credit card, a prepaid debit card does not allow a consumer to spend money he or she doesnt have. This prevents the consumer from racking up debt that he or she cannot pay off. Additionally, there is no interest charged on a prepaid card, and no bills to pay at the end of the month.
All these make the prepaid debit card a more responsible tool for budgeting and spending money, at least compared to a credit card.
In addition to controlling spending, many people like to use prepaid debit cards to send money abroad or give a gift to a relative or friend. Since these cards are easy to load and mail, they are ideal for people who need to send money abroad. In fact, they are safer than sending cash or checks through the mail, since many cards are able to be re-issued if the proper paperwork is kept. These debit cards can be used in many countries. A Visa debit card is particularly convenient since it can be used at thousands of stores and restaurants that also accept a Visa credit card.
Unlike credit cards, debit cards do not charge interest, but there are a few fees involved with using them. Just like a checking account at the bank, most prepaid cards will charge a maintenance fee once a month, as well as a small transaction fee when the card is used. Prepaid cards such as a Visa debit card do this in order to recoup their costs for issuing the cards and transferring the money from the card to the merchant or to other accounts. However, these payment and transfer fees are very low compared to those charged by banks for similar transactions.
All in all, prepaid debit cards are a great way to control spending through the holiday season, an excellent alternative to a high fee checking account, and an inexpensive way to transfer money to relatives and friends abroad.
Know Your Options When You Need Same Day Cash
Its certainly not unheard of for anyone to have emergency money needs. Some of the richest people out there- names you would recognize immediately- were once unsure how to make it to their next paycheck. Well they did, and in many cases they did so with the help of private lenders willing to give out same day cash to hard working people.
In the first place, the first thing to know is that most big banks will laugh in your face if you approach them over it. They have stringent, unrealistic standards, and consider it a privilege for you to be able to walk in their door, let alone borrow money from them. Thankfully, though, the unmet needs in millions of working people caused by this attitude have made possible new ways of lending and borrowing money, ways that are better suited to your lifestyle and habits.
Getting same day cash has become far simpler with the advent of the internet and its rapid entry into all areas of modern life. The internet is uniquely suited to meeting these needs, since using the internet for quick loans means using less of your time driving around to banks, trying to justify your credit history, assembling countless documents, and basically trying to kiss up to people who should be begging you for your business.
For a view of the ultimate in simplicity, check out some of the terms available at cashmoneymart.com. Its truly astounding what a difference there is if you look at the options they offer and compare them to what the average bank representative would tell you they can do. They have all the information you would otherwise have to beg for from a bank officer, right there free for the taking. When you decide on a plan and start the application process, youll find theyve streamlined that process as well, with their custom interface. It makes the whole thing from beginning to end virtually stress free.
They wont ask about your credit history. Thats not their business, and they know better to assign any meaning to the statistics compiled by lenders who make impossible demands of working people. They also wont ask about collateral. Why would they want to sell your home? If you dont have a home, you certainly wont borrow from them again or tell your friends about them. Theyd far rather see you reach your goals with their help.
When you need same day cash, theyre really the best out there.