Thursday, October 30, 2008

Financing Online

Now days financing online is second nature to most, whether paying for something to eat or purchasing an item of interest most will use either their debit or credit card. When the payment is being transmitted it is sending a message to your banking account to see whether you have enough money to purchase the item. If a debit card is lost there are transactions that can be made with it such as fast food purchases, gas, etc. People have warmed up to the idea of online financing because of how convenient it is. I like how convenient it is for me to just pull out a card to pay for items, rather than having to get money out of the bank everyday for daily needs.

Another form of online financing is banking over the internet, I pay off my credit card and check up routinely on my accounts through my online banking. It is extremely easy and saves a great amount of time. It is very convenient for someone that has a busy schedule, going to school and working I find myself not having much time to waste. That is why I began using the online banking because for awhile I went to my bank and paid my credit card off through a teller. Doing this I found myself waiting in line for a good amount of time to speak with a teller for a couple of minutes. Finally a teller told me about how I can check my credit card status and accounts through the internet, ever since then I been using online banking.

Online financing has become popular because of the appeal of convenient capabilities. I would much rather carry around a plastic card then paper bills, I find it easier to keep track of money because on your online banking account you can also access reports on all the items you have purchased. I check this regularly, because I like to make sure that I am not getting over charged or charged for something that I did not buy. There are many appeals about online financing that is why most are very comfortable doing it today.

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