Personal Finance and Investing

Payday loan companies are often accused of being “legal loan sharks” with astronomical interest rates as high as 5,784.3% APR being cited*. However, the latest data from payday loans lender speedeloans.com has revealed that their customers pay an average of 1% interest a day on payday loans – less than the equivalent daily rate than some banks charge for an unauthorised overdraft.**

Gary Miller-Cheevers, CEO of speedeloans, comments: “While there are some unscrupulous payday loan lenders in the UK marketplace, it is important for people to note that not all companies are the same. Read more…

It seems like a basic thing, but I can see how easy it would be to think,

Oh, well, my wife doesnt need to know about this expense, Ill just put that on my old checking account from before we were married

For me this is a big deal.

As someone who struggled to hide investment losses for years from family and friends, Im trying to be as open as possible with my wife about our financial situation.

We use Mint.com and all of our accounts are linked to it (savings, lending club, etc).

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Analysts say banks need to recover between $15 and $20 a month from each account holder to bring income up to previous levels

While Bank of America (BofA) and other U.S. financial institutions backtracked from collecting a $5 monthly debit card fee for fear of depositor backlash, these same banks have made up for the lost income by hiking other bank fees.

BofA upped its charged for rush delivery of debit card replacement to $20 from $5. U.S. Bancorp increased its charge for depositing a check with a cellphone to 50 cents.

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The reward programs associated with business credit cards can be of different types. The most valuable among them are:

Cash back: In a cash back, the business card owner receives a check at a set time every year; the value of the check will be a certain percentage of the total spent amount. Businesses that use more than one credit card for controlling employee spending are likely to get big amounts as cash back. The percentage of cash backs range between 1% and 4%; the percentage varies depending on the purpose for which the cash back has been used.

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