Get Back On Your Feet With A Kredittkort Card

3 min


Finding your way out of a tough financial situation is not as difficult as some may believe, it can seem overwhelming when the bills are rolling in quicker than the paychecks and you begin to feel the anxiety levels rise.

The best way forward, as my granny always liked to say to us, is to make a cup of tea. She believed tea solved everything, and it may or may not ring true, but I do understand the need to sometimes sit down, take a deep breath, and assess the situation from an outside perspective. The tea (and biscuits) are just a bonus.

Taking a look at your financial options is already one step in the right direction, you are aware that a change needs to happen and you are turning your focus to it to make it happen. 

Now all you need to begin the process is to see which is most viable and feasible, but most importantly, affordable.  

Credit card versus a bank loan.

You may think they are the same because essentially you are getting the needed funds from the same bank, just in a different format with different rates, but they each have their pros and cons. 

A loan is whereby you lend money from a friend, bank, or financial institution with the agreed contract that you will repay the amount including the interest rate calculated on the lump sum at the time of signing. The debt is only repaid fully once the initial amount, as well as the interest incurred, is paid up. The cost can be spread over years or months depending on the terms agreed to by both parties and can be paid back sooner if possible. 

While it does offer a larger initial sum the end amount may not justify the means for most people, unless the loan was for say a home or vehicle purchase.

A credit card on the other hand is better suited for people who are not necessarily at the end of their rope but that are responsible enough to ensure they make monthly repayments in return for credit. The amount varies determined by your current situation, your credit score should you have accumulated one successfully through the years, and your asset security. 

Many customers have used both or one or the other and have different opinions on the topic which is fair, each to their own, but take a moment to read an interesting article here https://www.nerdwallet.com/article/loans/personal-loans/personal-loan-vs-credit-card#:~:text=The%20basic%20difference%20between%20personal,balance%20based%20on%20your%20spending to conclude for yourself.

Knowledge is never a waste, the more you know the better.

What to look for in a credit card.

Many of us would like a credit card with the maximum amount of money, and as fun as that sounds (and there are limitless cards available for select folk, terms, and conditions apply), at the end of the day, the best option is to apply for a sum you can afford to pay back. 

Some factors to help with the decision on which card is best for you will make the choice easier, it helps you weigh up all the positives and negatives of the various rates and terms, and will show you if the reason for the card is feasible. 

3 Features people look for in a good credit card.

  • Bonus. Signing up to a credit agreement many banks and financial institutions offer a sign-up bonus, this appealing factor helps draw customers in and gives them a greater sum, to begin with for their new chapter.
  • Interest. Lower interest rates are always a plus and makes the application that much more attractive. If you have a good credit rating and have shown to be responsible to repay lent funds, you are in a good position to negotiate rates and interest APR.

You can learn more about it and take an in-depth look at the process as a whole in this link, that way you have all your bases covered when applying for the card that can essentially change your life. We all need help in our lives at times, a credit card that you can personally manage and pay off might just be the silver lining you have been waiting for.

  • Fees. We use cards and banking apps daily and with transactions go back and forth the fees can soon add up, a card that offers significantly low rates to zero fees for transacting will benefit a lot of business-people. Even more so if you conduct international and foreign business, no fees for these will certainly make life that much more pleasurable. 

Finding the right help.

You have decided to apply for a credit card to get you back up and running and to turn the page on what seemed an impossible hole to get out of, choosing the right lender can be the difference between a good or bad experience.

Companies who personalize their customers’ needs will make you feel comfortable and confident that you have chosen well, check out kredittkort info for answers to any questions or queries you may have, and speak to industry professionals for the best advice on how to get the ball rolling. 

Credit can change a person’s life more than we may think, all it takes is to be given a helping hand to grab onto when you’re in a tough spot, and as we know, these are how some empires were created.


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