A lot of credit card users find it difficult to pay the total credit card balance in one shot. What to do when you are unable to pay the total due? Will the credit card company sue you or what? These are the common questions that come in mind when people find themselves in such a situation. Here is the solution. Try to pay the minimum amount; if you are unable to pay the total credit card balance, pay the minimum amount. As long as you are paying any figure equal to or higher than the minimum amount, the credit card company will NOT sue you or initiate any litigation on you. But, if your monthly payment is lower than the minimum amount set by them OR you are not paying at all, your creditor can place your account on collection. Most of the time, in-house collection agencies will handle the...
As long as you are young and earning good money there is no problem. But as you grow old, health care expenses and expenses regarding your children’s higher study, all increase to a great extent. You can think about one time fixed deposits to cover such expenses, but what about daily expenses, traveling and other expenditure when you stop working? A good pension plan is the answer. Public sector employees may have a source of earning after retirement as they are awarded pension by the government. If you are working in private sector secure your future by investing in pension plan as long as you are earning. In this age of unstable economy and sudden financial crisis pension plans are necessary for people to live a tension free life after retirement. With a pension plan you don’t have to...