Bank finance articles and tips

The economy has taken a nasty down turn, even with the politicians trying to throw money at the issues, the situation remains essentially unchanged over the last few years. The easiest way to realize it is by looking at the average house hold; right now, many consumers are faced with the precarious choice of bankruptcy or hoping for a debt consolidation.

What is the cause of so many debts some may wonder, it usually starts in this type of situation an individual is short on cash and needs gas, food or some other important necessity so they use their credit card to pay for it. They do this with the hope of getting more money at work for overtime or bonuses etc, When the economy soured this person did not receive their expected overtime and the credit card bill comes out, the person owes money on the bill plus interest....

The terms "push" and "pull" are now commonly mentioned when on-line billing is being described, but what do these terms actually mean in this context and what is the advantages of one over the other?

A "push" based on-line billing process essentially means that a consumer is prompted or alerted directly with a full invoice, statement or other document describing what has been purchased and what needs to be paid. This is therefore what is commonly called a "rich" document. For the most part, push-based on-line billing systems are carried out as e-mail notifications with attachment files (such as a PDF for example).