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CREDIT CARD DUES – All possible ways to payoff

Thursday, December 3rd, 2009

Everyone has a credit card or two to their name. Sadly due to few wrong or unforeseen choices and situations few among us get burdened by credit card dues… But no need to worry as we at deal4loans brings you all possible choices available to solve your problem.

How can you pay your Card Dues?

By…

ü Loan against Life Insurance Policies – Borrowing against liquid asset like life insurance works out cheaper than pure personal loans because of the low interest rate and convenient repayment schedule. One can deduct the loan amount at the time of claiming payments or loan can be raised by pledging the insurance policy with a bank.

ü Loan against securities & Fixed Deposits – If one does not wish to liquidate their investments in equity shares, mutual funds, fixed deposits, national savings certificates, etc., one can consider borrowing against the same.

ü Loan against gold jewellery – Gold loans are easy and are cheaper than some set of loans and which are less than Card rate of interest.. Recently gold loans have become a quick and easy way to get short term Loans.

ü Employer loans – Most employers provide low-cost loans in the form of advances.

ü Personal loans & loans on credit cards– These unsecured loans or Personal loan have exorbitant interest rates and hence, not advisable.

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