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ChiQ Montes Credit Material is a public blog full of information regarding Credit, Debt, Loans & Financial Topics.

Topics and Advice cover Debt Consolidation, Credit Repair, Financial Tips and Much more.

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About Call Date and Callable Bonds

Posted on October 13, 2009

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A call date has to deal with the redemption of a callable bond. Essentially, the earliest possible date at which the issuer of the bond may redeem the bond is referred to as the call date. The call date is different from the maturity date on callable bonds, in that way that call date takes place at some point before the stated date of maturity that is specified in the terms and conditions surrounding the bond issue.

savings bond

Characteristics of the call date

One of the characteristics of the call date is that before the bond issuer is likely to exercise an early redemption certain conditions must be present. First condition is that, call dates may be extended to bond holders only when the interest rates fall. When this has happened then to gather in the bonds, honoring them at the old rate of interest, then immediately issuing new bonds at the new and lower rate of interest becomes in the best interests of the bond issuer.

Actual meaning of honoring a call date

A bondholder may also show his or her interest in accepting a call date that the bond issuer offers to him or her. While what is meant by honoring a call date is that the payoff on the investment will be reduced, it also merely means that there is some interest income that is earned, and that the proceeds can immediately be reinvested in another bond or other type of investment.

Terms and conditions surrounding a bond

Generally, information about the earliest possible call date that the bond issuer can exercise is included in the terms and conditions surrounding a bond. Here you have to keep in mind that just due to the reason that a bond issue comes with specifications related to a call date, it is not necessary that the issuer will exercise the call date at any point in time. There is a probability that the bond will remain in effect and earn interest income all the way through to the maturity date unless there is a sound financial reason for invoking a call date.

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No Fee Balance Transfer Offers Rise Again

Posted on September 29, 2009

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Research has showed that credit card providers are waiving balance transfer fees but charging higher interest rates.

balance transfer2

According to financial website MoneyExpert.com, the number of credit card providers that are offering credit card holders the chance to transfer outstanding debt from another card without having to pay a fee to do so has risen by nearly 20pc to 69 during the past year.

Average interest rate charged on the balance

But the average interest rate charged on the balance for cards that do not charge a transfer fee is shifted over 7.03pc, as compared with 4.26pc for those that do charge one.

Although you can find some providers, such as Northern Bank, by which no fee is charged but still offer 0pc deals for a limited time, others charge as much as 15.9pc in interest on the money transferred.

Zero Percent interest on balance transfers

There has also a fall in the number of cards offering 0 % interest on balance transfers, dropping to 149 from 171 during the past 12 months, while we have seen a drop of 25pc in the number of providers offering 0pc interest deals for more than 12 months.

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Free Business Credit Card Quote Service Now Available – Save Up to 50%

Posted on September 19, 2009

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With the launch of a new free business matchmaking service by InsideUp businesses are now able to search, interact and request quotes from Business Credit Card vendors.

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InsideUp, Launches Its Free Business Credit Card Vendor Quote Service

Today it has been announced by InsideUp that for business credit card vendors it has launched its free business match making service. By InsideUp’s online platform with interactive new media tools category-specific communities a next generation business matching platform has been integrated. These are all designed to assist businesses in searching for business vendors, to facilitate them while interacting with vendors and they also help them to request quotes from business vendors, all these offers now includes business credit card services as well.

Benefits of having Business Credit Cards

When you have to select the right vendor for a business credit card then it is important for you to shop around. A wide range of benefits such as interest rates, fees, cash back options, and many more things will be offered by each credit card company. For several reasons using business credit cards makes good sense. By the monthly credit card statement you will get an itemized listing of all business purchases, many credit cards offer rewards or a percentage of cash back for purchases and by some cards a company is allowed to earn frequent flyer miles. Generous credit lines are offered by some companies that can be used by the companies for purchases to grow their company. It might be difficult to make a right choice with the wide variety of perks and credit card companies.

InsideUp has made business card selection easy

The selection of a business credit card vendor has been made easy by InsideUp as they provide articles, wikis, and online videos that educate its users on selecting a business credit card vendor, and it also provides online tools that allow businesses to solicit feedback about specific vendors using their own business network.

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