Posted on June 11, 2010 at 9:49 am "Hi all,I have the opportunity of consolidating two credit cards into a new account:CC-1 = $14,000 @ 10.24%CC-2 = $7,000 @ 10.24%New = $21,000 @ 18%The question I have is, are the 10.24 rates better or lower than what the new card rate will be? I was under the impression that Interest Rates are accumulative in their cost, meaning that the actual cost of my two cards combined is really 20.50%. So it would make sense to consolidate these into a lower interests account. However, if I'm just hallucinating, then I may be better off leaving them alone.Any insight you may shed on this issue will be greatly appreciated!Thanks!"

Posted on June 13, 2010 at 10:50 am "f it helps you for future situations, I like to think of the interest rate on a per dollar basis.Using your info above, right now you have 14,000 of these dollars at the 10.24% and another 7,000 dollars also at the same 10.24% rate. So for the 10.24% rate, you have:14,000 + 7,000 = 21,000 @ 10.24%So just add up all the dollars at each rate, and you'll be fine!(And yeah 21,000 @ 10.24% is better than 21,000 @ 18%)"

Posted on July 13, 2010 at 6:34 am i am agree with the neil ..he is very good with the figure..i dont know much about this but definitely i would choose thi s one..

Posted on July 29, 2010 at 10:00 pm Hi everyone,I have a question can anyone provide me a guidance about - What are the interest rates for 1 hour Payday Advance i listened for many people that rates are high is it true.

Posted on July 29, 2010 at 11:52 pm loan fees are very expensive, particularly if a loan is extended over time. The fee charged for a payday loan is equivalent to a 250-650% Annual Percentage Rate (APR), which is by far one of the most expensive loan options on the market.