CCAP tackles the industry’s changes and challenges in the new normal The credit card industry, like many other sectors, is no stranger to the adverse effects of the country’s widespread lockdown. As different types of businesses were forced to stop operations, credit card usage slumped as well, reflecting a 27%...
Seven Important Things To Teach Your Children About Finances By Joseph Kenny Starting your children off with a right view of finances is so important these days – especially when debt seems to be a common way of life for so many. Who knows if the young parents of today...
Many clients yearly take advantage of annual loans. Customers use this loan to buy a car, buy household appliances or electronics, renovate or buy technological innovations such as consoles, tablets or cell phones. What to remember when deciding on an annual loan? Here are some tips for this question. Checkout...
A merchant’s mindset always revolves around how much profit they can gain with a venture. That’s just how business is. So, it makes a lot of sense that you want to save as much money in overhead costs, including credit or debit card processing fees. You may think that you’re...
A credit card can be an asset to your lifestyle, but if not handled carefully it can become a liability, especially if you find it so convenient and easy to use that you lose control of your spending. This short guide will help you understand how you can use your...
In previous years, the personal lending industry started to boom in the Philippines. Most Filipinos are hesitant to explore their products and services, and the application process is tedious. Banks are the most common source of funds but they usually have a long paperwork process and collaterals are required. Recently,...
A balance transfer occurs when you move a high-interest debt from one or more credit cards to another card with a lower interest rate. This technique helps you to apply more of your payments to the principal balance each month instead of interest charges, which can help you eliminate your...
We all love cars and dream to have one. But merely owning a car will not suffice. Car maintenance is an essential component of driving and owning a car. However, most car owners neglect the primary facet of car care until something fails to function correctly or breaks down and...
A debt relief order (DRO) represents one of the methods for having your debts written off. DRO is a viable alternative to bankruptcy but creditors generally accept it only when there is a risk that you won’t be able to pay off your debt. As such, it could be a...
People have a tendency to use their credit cards for everyday purchases. A credit card should be reserved only for emergencies. If you find that you are becoming increasingly dependent on your credit cards and living off them, it means that your finances are in a terrible situation. It is...
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