10th Mar 2010
Debt And The Current Culture Of ‘I Want It Now' – Why Do People Get Into Debt And Why Is Materialism So Important?
It’s so easy to get into debt these days. We live in a society where debt is common practice among thousands of people all over the U.K and beyond. Why? Why do we get ourselves into this predicament? Well the answer is straight forward, in a world where the need for materialism is stronger than living to our means, where banks and loan companies throw money around with ridiculous interest rates, where it is so much easier to borrow and spend rather than earn and spend, the temptation takes over.
How many times do you turn on the television and see offers of borrowing money, cars on credit, ‘buy now, pay later’ options? We live in a culture where the psyche of people’s minds simply is; ‘I want it now’. The ‘buy now pay later’ option allows people to purchase whatever it is they want and pay it back in instalments. Seems ideal doesn’t it? You can take home that fabulous PC today and you don’t have to hand over a penny. What could be simpler? But what most people don’t consider is the interest they will end up paying. Some companies charge extortionate rates of interest on their products in ‘buy now pay later’ deals. Often a person can end up paying over double the price of the product. These interest rates are mentioned at the point of sale but not always overtly enough. Remember, the salesman wants a sale. He will tell you about the interest but he is unlikely to emphasise just how much that interest will mean you have to repay as he does not want to dissuade you. Make sure you always read the small print and work out exactly how much you will end up repaying.
How many of us own a credit card or want to own a credit card? So much easier than having to wait until pay day right? But here’s where the lenders make their money. The APR rate on borrowing on a credit card can be simply unaffordable. Some credit card companies even cater for people with an extremely bad credit rating. These types of lending tend to have extremely high APR because the lenders know that you have no other choice but to accept or do without.
If you’re looking for a credit card, then you need to make sure you’re getting the best deals. The Money Express is a U.K money comparison site that compares rates across the whole of the U.K for the best deals. We’ve listed the best LOW APR credit cards so come and take a look. We don’t WANT to encourage you to get into debt but if you are going to get a card ANYWAY then we want to make sure you get a good deal. Follow this link to see >>http://www.themoneyexpress.co.uk/money/index.php?option=com_content&view=article&id=49&Itemid=59
We do prefer and would recommend another option however. We also have found the best PRE-PAID top cards on the market which basically you can top up whenever you like and use the card like you would with a normal one. You can withdraw cash and pay for goods, groceries and even online shop with it. This is ideal for people who particularly have a low credit rating. Follow this link to see
>>http://www.themoneyexpress.co.uk/money/index.php?option=com_content&view=article&id=50&Itemid=60
If you’re looking for a credit card, then you need to make sure you’re getting the best deals. The Money Express is a U.K money comparison site that compares rates across the whole of the U.K for the best deals.
Come find us at; www.themoneyexpress.co.uk/money
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