Last week I read the guide to becoming a savvy consumer “2008 Consumer Action Handbook“. The ebook is an useful guide of 174-page that includes a list of some quick consumer tips.
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The best news for myself and other publishers is that this ebook is in the public domain and absolutely free, which amazes me. So, I’ve transcribed and included an extensive list of my advice on base my own experience.
- Not everything that can be a good deal is true. false promises often try to fix your credit problems, low-interest credit cards, deals that let you skip credit card payments, business/job opportunities, risk-free investments, and free travel.
- When people buy a product at a big store, sales folks always push the extended warranty on them. Extended warranties or service contracts are rarely a bargain. Instead of paying for service contracts, save this part of money into a separate savings account. When there’s some problem with money, make using of this fund to repairs your main account.
- Do not purchase credit insurance. When you take out a loan for a big purchase, a salesperson may try encourage you to purchase credit insurance. Generally credit insurance is more expensive in comparison to other forms of insurance. It is almost always better to buy regular property, life or disability insurance instead of credit insurance.
- The Cooling-Off Rule requires sellers to tell you that you have three business days after the sale to change your product of $25 or more. But this is not always true, and only a few types of contracts give you a right to cancel. For instance, when you purchase a product, your ability to return the merchandise depends upon store policy. If you buy an item in your home you might have three days to cancel.
- Avoid payday and tax refund loans trap. If you are short of cash, avoid both of these loans by asking for more time to pay a bill or seeking a traditional loan. Even a cash advance on your credit card may cost less.
- Examine protection offer for your cards. Make sure to check up the fine print carefully before you accept any offer for a credit or charge card. In particular, check up: The Annual Percentage Rate (APR), The periodic rate, The annual fee, The grace period, The finance charges, Other fees.
- Buying a home is one of the most complex financial decisions you’ll ever make. 1) Real estate agents represent the seller not the buyer. Consider hiring an agent who works for you, not the seller. 2) Get prices on other homes. Knowing the price of other homes in a neighborhood will help you avoid paying too much. 3) Have the property inspected. Use a licensed home inspector to carefully inspect the property before agreeing to buy it.
- Home improvements and repairs can cost a lot of money. When selecting a contractor, Is better pay for a known company, so make sure to talk to, family, friends and others who have already used a similar contractor.
- Whether you want buy a car from a used car lot, check up all the papers before you sign. Don’t sign contracts that allow the dealership to change the finance rate after you leave the lot.
- Work-at-home ads usually don’t pay off. Be especially wary of ads that promise huge annual salaries; they often require expensive upfront fees with no guarantee. You risk losing your money and wasting a lot of time and energy.
Some of these advice can be useful, especially when you make a decision. You also need learn to say “no” to anyone who obliges you to take a decision.
First Class Cash Advance: One possible solution to get cash
A cash advance is simply a short-term loan. The cash advance is essentially a prepayment on a postdated check from your job. If you need a cash advance, firstclasscashadvance cash advance is a great way to getting the first Cash Advance. The requirements for applying are as follows:
1) You must be a legalized citizens of the United States over 18 years of age
2) You must be employed or on a government program
3) You must earn at least $1000 a month (or $800 a month if you are on a government program)
4) You must have an active bank account
These requirements depend on your lender.
How long does it take to receive the cash?
A lender can direct deposit your money into your checking account usually by the next possible business day. Actual deposit schedules will vary from lender to lender.
