This depends on the nature of your existing loan and where you are going to borrow money from. The safest course, really, is to NOT borrow more money and not add on to your existing debt. However, there are cases wherein it may be smarter to borrow money to get rid of an existing debt. One such case would be if you have a credit card debt which is accumulating interest at … [Read more...] about Is it a good idea to borrow money to pay off a loan?
How do I get a PayPal account?
To open a PayPal account, go to https://www.paypal.com/ and click on the Sign Up link. You will be asked to choose from three kinds of accounts – Personal, Premier, and Business. If you just need the account to receive money and shop online, then personal will be fine. If you are an online seller, you will be better off using premier. The first kind of account is … [Read more...] about How do I get a PayPal account?
How do I get a credit card if I have bad credit?
Having bad credit has so many disadvantages, but it does not mean that you cannot get a credit card. You may opt to go to small retail stores, as they will give you more chances to get a credit card from them. You can also go to a bank which you have been using for many years. Since they already have your custom, they will probably give you a credit card. There are also … [Read more...] about How do I get a credit card if I have bad credit?
Which is better – a debit card or a credit card?
A debit card is a 'normal' ATM card that can be used to make purchases directly without using cash. In this way, it can be used just like a credit card. The difference lies in the availability of the money that you use. For a debit card, there has to be money in the bank account associated with it. That is, the money is really yours and is available for use. For a credit … [Read more...] about Which is better – a debit card or a credit card?
How many credit cards should I have?
It depends on your needs and your spending habits. For some people, not having a single credit card is the wisest thing to do. However, if you have a need for credit cards, one should suffice. You do not really need more than one as you will find it easier to fall into the credit card debt trap if you have two or more credit cards. However, if you are quite responsible … [Read more...] about How many credit cards should I have?