Stanton Financing Guide

Credit cards allow anyone to have access to 30 days interest free financing. Pay off your balance every month and you have access to OPM, Other People’s Money. Actually, even if you don’t pay it off, you have the access, but along with added challenges, which we aren’t discussing here!

They say that using OPM is the way of the big investors, the wealthy. And you have the same opportunity on a small scale. If you can find opportunities that produce a return in a short period of time or require short-term ‘bridge financing’; you have that option of interest-free, with credit cards.

Do not allow yourself to rely on the monies for any extended period of time. This is short-term financing only. If you require funds for longer periods, other forms of financing must be secured.

The value of having cash in hand allows you to leverage this money to invest, purchase real estate or grow a business. Even start a business.

They say you need money to make money. Well, here’s a source of money. Be careful with it. Use it wisely and even cautiously. In some ways it may be too easy to access.

Have a clear picture of how you will spend the money. What level of risk you are taking and most importantly, your exit strategy. What will you do if something goes wrong, what is your contingency plan?

All that to say, you do have access to 30 days of interest-free money. Know the dates and work wisely around them.

Stephanie Mundle is the managing editor of http://www.MoneyMasteryForum.com an informational forum site for the average investor. Take a look. Information on forex, debt, money management, investing and business.

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This money generating method was recently passed on to me by a member of my mailing list, it is important to stress that this method involves the use of credit cards and takes advantage of the options that they offer you. It is no way illegal and I am not recommending that everyone uses this method but if used correctly it can generate a short term source of income to help your business.

What usually happens is that the 0% card is used to transfer the debt from your credit card that is charging you interest so that the payments you make pay off more of the debt on the new credit card as the interest rate is 0% for so many months. What you should be looking for is a credit card that offers the facility to balance transfer money into your bank account instead of just being able to pay off another credit card. The benefit being that you can then pay off other, non credit card related, debts. This process is going to be referred to as Adaptable Balance Transfers (ABT’s), my terminolgy not the credit card companies.

Let me use some examples:

You are looking to start selling DVD’s and need

There are not many of us who do not have a credit card these days. But, not all of us are as wise in the area of understanding how they work and how they make money. There are many types available to the young and old. Student credit cards even begin to get teenagers into the world of credit cards. Secured credit cards, cards that usually can’t be written off, are even misleading in their name. So, what does that discover credit card in your wallet actually do for you?

Even young adults are being lured into the world of credit cards. Student credit cards are widely available. Some link the parent to the card, others are geared towards college students who most of the time don’t even have jobs to pay for them. They seem like a great way to pay for college expenses, but the fees can be outrageous.

A big trap is secured credit cards. While there are always options out there that are legit, there are many others that are not. Often times, people with little or no credit or even bad credit can get a secured credit card. These are credit cards that are linked to savings accounts which require a minimum balance to be kept. While this seems easy enough, if you default on it, they can claim their money through that savings account. Another aspect of these types of credit cards are the fees associated with them. They often require set up fees, sometimes in the hundreds of dollars. They may have monthly and yearly fees as well. They may seem like a great way to establish or reestablish credit, but you will need to read the fine print for the secured credit card.

The goal of any credit card company is to make money. They do this by charging you an interest rate. The rate varies greatly from one company to the next depending on your credit status and credit history. But, your goal is to find the low interest credit cards. Many times, if you are in good standing with a credit card company, you can call them and request that they consider you for an interest rate cut.

Next to paying off your entire credit card bill each month, finding the lowest rates is often very important in order to save money. With the Internet as a tool, you can search for different types of credit cards and learn which companies offer the lowest rates. Many companies are equipped to take and accept credit card applications online within minutes. But, be wise and read the fine print to avoid falling into traps and outrageous fees.

About The Author

Mike Yeager, Publisher

http://www.a1-loans-4u.com/

mjy610@hotmail.com

With many financial aid packages being cut as part of overall budgetary cutbacks by the government, many families and students are finding that they must foot an ever increasing portion of the higher education bill through traditional means. Unfortunately, many families simply cannot afford to pay for their child’s education out-of-pocket. They find themselves turning to alternative means to help finance educational expenses, and some families are turning to lines of credit as one unique solution.

Though only available to families with assets or other financial means, lines of credit can offer the solution to helping pay for college when other method are not available. Parents may take out a line of credit on their home, or establish a line of credit based on their creditworthiness and assets at their local bank. These open up an account that works like a credit card, but has the convenience of a checking account.

For example, say that John, a child of Mary and Bob, is attending the local University. Financial aid and student loans have taken care of 85% of his educational expenses, but that still leaves 15% that John and/or his parents are responsible for. Though John has a part-time job, at the beginning of the semester he needs an additional $1,200 to pay for tuition. His parents write a check against their line of credit at the local bank. When the check comes through the bank it is paid like a normal check, but now it converts into a traditional line of credit loan with monthly payments due and an agreed-upon interest rate.

Though not widely available in the United States, students in Canada also have another option available when paying for their college expenses. In Canada many banks offer what is called a Student Line of Credit. This type of funding is available for students who are not receiving any financial aid from Canada authorities. Payments are made on the interest only during the period in which the student is enrolled and afterwards has a repayment period of up to 84 months.

Financing a higher education can be a process that takes a lot of creative financing by both parents and students. Though the promise of a higher education is available to more people than ever before, the need to come up with a plan for paying for it is extremely important for both students and parents.

Lines of credit should be considered one of the last resources that should be explored (for American students) because of the fact that payments are due immediately on the loan. Talk with your financial aid counselor about other loan options that might be available to you as you prepare for your educational journey.

Learn more about student credit at http://www.studentloansdot.com.