Sentences with phrase «lowering the interest rate on your credit card because»

It's like your credit card company's lowering the interest rate on your credit card because they view you as a better credit risk.»

Not exact matches

Debt consolidation.If you're struggling with credit card debt, borrowing against your equity can be extremely attractive because of the low interest rates — much lower than any you'll find on a credit card — using a HELOC to pay off other debts will give you an easy single payment at low interest rates.

If the interest rate on the new loan is lower than the credit cards, it's good because you've reduced the overall cost for yourself.

HELOC also appeal to many people because it offers bigger loan amounts and lower interest rates than credit cards and other consumer loans, but before you can qualify for this type of loan, you need to have at least 20 % equity on your home.

If you are looking for a rate cut because you are paying interest on a large balance, your best option might be to open a new credit card with a 0 percent or low introductory rate on balance transfers.

Because interest rates on home loans are often a lot lower than the interest rates offered on car loans, private student loans, credit cards, and personal loans, many people choose to pull out the equity from their home and use the cash to pay off their other debts.

While the insurance company does charge interest on your loan, because your remaining cash value continues to earn life insurance dividends, the adjusted interest rate on the loan can often be lower, sometimes much lower, than you would pay on a comparable personal loan from a bank, home equity line of credit, or by using a credit card.

Because those 3 - digits are the gateway to you securing a low - interest rate on all sorts of consumer products, including financing a car, buying a house, getting credit cards, securing personal loans, and more.

Well because, with a higher credit score, your interest rates will be significantly lower which can save you hundreds of dollars in interest on your credit cards alone.

That's because your credit score is considered to be a «report card» of sorts — and based on this information, it is a key determinant about whether you'll get a high or low interest rate from the lender or creditor... or even if you qualify for credit at all.

Because the interest rate charged will probably be lower than that on your credit card, an installment plan may be the better option.

You want to consolidate debt - Similar to taking cash out, if you want to pay off your high - interest - rate credit card debt with your low - interest - rate mortgage, you'll only be able to do that through a normal refinance, because an appraisal and additional underwriting is required to get a loan for a larger amount than you currently owe on the home.

It makes sense to transfer the balance from a card with a high interest rate to a low interest rate credit card because you can save money on that in the long run.

The problem was, it took for - ev - er, and my interest rates were not the greatest... over 20 % on some cards, because of my low credit score.

You can disregard your rewards credit card's interest rate because the low APR on the Barclaycard Ring ™ Mastercard ® is what ultimately applies to that balance (this only applies for the duration of the 0 % APR introductory period).