Consumers to use tax returns for debt relief
News from Debtmerica Relief:

In an effort to get a better handle on outstanding credit card debt and generally improve their financial situations, many consumers across the country are likely to be more careful about what they do with the money from their annual tax returns this year.

This year, the two most popular consumer plans for how to handle their tax returns are putting most of that money into savings or using it to find some debt relief by bringing their outstanding balances down, according to a new survey from the National Retail Federation. In all, 43.8 percent of those who expect to receive a tax refund this year say they will sock some of their money into savings, up from the 42.1 percent who responded similarly in 2011. Further, 39.4 percent of those expecting to receive refunds will use it to pay down debt.

“After a rocky few years, consumers are now more vigilant about how they spend their money and the importance of preparing for future financial stability,” said NRF president and chief executive officer Matthew Shay. “Increased consumer savings proves extremely beneficial to shoppers and businesses in the long run,…………… continues on Debtmerica Relief

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How to avoid the biggest credit card rip-offs
News from MSN Money UK:

If you’re constantly hit with an exorbitant charge, we’ll show you the best card for avoiding it.

Credit cards can be very useful financial tools if you use them the right way, but they can also be a rip-off if you’re not careful.

Here’s how to avoid the biggest credit card rip-offs.

Let’s start with exorbitant interest rates.

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1. Rip-off interest rates
Interest rates on most credit cards are ridiculously high. The average interest rate on a UK credit card is around 19% and some cards charge way more. The Vanquis Bank Visa card is one of the worst offenders and charges an astonishing 39.9% APR.

The simplest way to avoid rip-off rates is to pay your credit card bill in full every month. However, that’s not realistic for everyone, so your other options are to try to get a 0% card or a low APR card.

The trouble with 0% cards is that you have to have an excellent credit rating to get one. What’…………… continues on MSN Money UK

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