Credit cards for people with no credit history

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Tips to Choose Credit Cards with no Credit History

Credit cards for bad creditThere are many options available in the market for people who are looking for credit cards for no credit. When you are looking for this type of credit card, it means that you do not have any credit history; be it good or bad. It means that you have not taken any loan through a card and it is hard to tell if you are a credit worthy individual. Having said this, all people start from somewhere and when you have no credit history, the following tips will guide you on how to choose an ideal credit card to suit your needs.

The first thing is to get a card that you qualify for. Credit card companies have products specifically tailored to people with no credit history. A secured card or a student card designed for young adults can really help you get going. A secured card will require a certain amount of security deposit but it functions largely like an ordinary credit card. Each month a deposit will be required and when there is a balance, an interest will be attracted. A store charge card can also be worth your consideration when you are new to credit cards.

When looking for ideal credit cards with no credit, consider the terms and conditions. Avoid very poor terms as well as unfavorable interest rates. Some cards will have an interest rate of up to 30% and will not even carry a grace period. Go for cards that offer a grace period such as the Vanquis Credit Cards so that you can escape hefty charges. Do not be quick to have several credit cards when you are starting. Having just one will help you create a good credit history responsibly. When you are credit worthy, you can consider getting other accounts to meet your needs. Soon enough, you will no longer be a newcomer to credit cards and in this regard, you will be able to enhance your life accordingly.

Is Gold the Best Investment?

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Is Gold the Best Investment?

Is gold a good investment?

Gold investment is becoming quite a hot topic these days. Generally, gold is said to have played a major role in the economies of many nations with gold IRA companies seeing millions of dollars of investment every year. In the olden days it was considered as a universal currency due to its worldwide recognized value. Despite the fact that it is no longer a primary form of currency, it still serves as a long term investment that can prove to be valuable investment.

Demand and Price Trends of Gold in the Market

Before we answer the question of whether gold is really a good investment, it is important to look at the demand for gold and its price trend.

Most of the world’s demand for gold is accounted for by three countries; Turkey, India and China. Studies in these countries have shown that the demand for gold has risen from 200tonnes to 600tonnes.

When we look at the price trend by the year 2011 the price of gold had risen to $1920 per ounce. In some instances the value was said to supersede the consumer price index. Experts do believe that the price is yet to rise to $2000 per ounce.

From the demand and price trend we can confidently say that gold is definitely a good investment. There are quite a number of other factors that define gold as a good investment. These include:

  • The aspect of liquidity and universality. Gold can easily be converted to cash in any part of the world.
  • Gold has managed to maintain its value over generations and generations. Even if prices do decrease the underlying value does not change much.
  • Gold is said to have a hedge against inflation. Any deterioration in the dollar generally results to a higher price of the gold.

Since the commodity is used in production of various products, it means that there will always be a demand for the commodity. As a result this ensures that the price markets for gold are stabilized.

Banks in the United Kingdom

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Banks in the United Kingdom

The Three largest banks in United Kingdom


The United Kingdom has a great banking history that dates back to 17th century. Current banking system of this country is a product of continuous development and evolution through centuries! There are many banks operating in United Kingdom, you can find some interesting facts about the 5 largest banks of country below,

1) Barclays Bank

Barclays Bank was founded in 1690, hence its one of the oldest surviving bank in the world and 10th largest bank on globe in terms of total assets. This bank is offering almost every kind of banking and financial services for its customer’s including,

  • retail
  • wholesale
  • credit cards
  • mortgage lending
  • investment banking
  • wealth management

London based Barclays bank has became a giant multinational bank with having its operation in 50+ countries and more than 48 Million customer base. Barclays Bank held assets of around £1.3 Trillion and earned a declared a net income of £1.297 billion.
Barclay’s group has a history of sponsoring many well know sport events, like Barclays Premier League and Barclays Asia Trophy.

2) HSBC Bank (formerly midland bank)

HSBC bank is a subsidiary of Hong Kong and Shanghai Banking Corporation (HSBC). This is the second largest bank of world in terms of assets and first largest in United Kingdom. With market capitalization of £102.7 billion HSBC is second largest company listed on the London Stock Exchange. Following are some of the major areas in which HSBC Bank operates,

  • private banking
  • personal finance
  • consumer finance
  • commercial banking
  • corporate and investment banking

As we mentioned above HSBC is the world second largest bank with operations in 85 countries and 9500 offices across the globe. HSBC have more than 85000 direct employees.

3) Lloyds Bank

Lloyds bank is one of the largest banks in United Kingdom with having more than 1300 branches across England &, founded back in 1765, it’s also one of the oldest bank in world. Lloyds bank is generally considered as one out of “big four” clearing banks in country. Being one of the largest banks, Lloyd bank is providing complete range of banking and financial services including,

  • Loans
  • Insurance
  • Mortgages
  • Credit Cards
  • Investments
  • Travel services
  • Saving accounts
  • Current Account

Lloyds bank is also a multinational bank with having settled operations in more than 30 countries and territories across the globe.

Finding the right bank account

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Finding the right bank account

How to choose the right bank account

Finding the right bank account for you doesn’t have to be hard or time consuming. The first thing you need to do is ask yourself what it is you want from a banking account. Once you know the answer to this question the rest is just browsing different banks and choosing one that has everything you’re looking for with the best interest rates and lowest fees.

Why do you Want a Bank Account

The very first question you need to ask yourself is what you want the account for and what do you plan on doing with the account. Some of the questions that you should ask are:

  • Do you plan on just letting the money sit there and collect interest?
  • Are you going to depositing and withdrawing money regularly?

By answering these questions you will be able determine what kind of account you need in order to give you the best experience.

Do you have a good credit score?

Having an adverse credit score due to debt or Bankruptcy may affect your ability to open a standard current account with most banks. You will still be able to open a bank account with bad credit, such as the cardonebanking account, but you will normally need to ask the bank for them specifically, as they don’t often advertise the fact that they’re available.

How to do Your Banking

The next thing you need to think about is how you would like to do your banking. If you’re someone that has full schedule you might not want to have to run to the bank every time you want to make deposit. If this sounds like you, you might want to think about online banking or make sure that the bank you choose has online banking that you can access for free.

What are You Willing to Spend

There are a lot of free checking accounts out there on the market today. But there are some things that may not be included with that account. If you’re someone that is looking for specific things and don’t mind paying a small fee make sure to check around and find the best rates for the things that you need. To be afraid to ask for the things that you are looking for, chances are most banks offer exactly what you want.

Get Opinions

When you are shopping around for the perfect bank ask around to family and friends and see what they recommend or what they think about the bank you are looking at. Get an opinion is great way to help narrow down your search. If you want to look for reviews on different banks there are many blogs and websites out there that deal with banking reviews and will give you an honest review.

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