Monday, October 09, 2006

Credit Card Loans

Credit card loans have got higher interest rates than most other consumer loan rates, owed mainly to loan defaults, overhead, and the cost of funding the loans. Unlike most other consumer loans, credit card loans are not secured by assets that could be seized if the consumer defaulted. In improver a card holder is more than inclined to utilize the full line of credit when his fiscal state of affairs worsens – precisely the riskiest clip for a creditor.


Credit card loans usually include other dearly-won benefits such as frequent flyer miles, purchase guarantees, and insurance. About 40 percentages of credit card holders utilize them only as payment devices and pay off their short-term loans before the issuer complaints interest. In malice of these expenses, credit cards are an of import net income centre for most issuers.

4 comments:

sweetpancakes said...

good day, just wanna share with you a resource which might be useful for your blog since its all about credit cardsunsecured credit cards for people with bad credit. This may serve your readers too!

have a great day=)

YourSimplerLife said...

You can never find good Low interest rate credit card with department store credit cards accounts.

Thomassamuel said...

The Hilton American Express card  was good for us. It helped our credit, we stayed in a nice hotel, and the customer service people were great.

Jurex said...

Thanks for sharing this info.

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