The Unique Finance Blog

Last week saw one of the world’s leading credit card companies, American Express, urge credit card holders to spend whilst “having a conscience.” As part of National Giving week, which ran from the 16-22 October 2006, American Express has been promoting its RED card. The RED series, created by U2 frontman, Bono, and Chairman of DATA (Debt AIDS Trade Africa), Bobby Shriver, was established to raise awareness and money for The Global Fund by teaming up with some of the world’s most iconic brands in order to produce (PRODUCT) RED. A percentage of each product sold is donated to The Global Fund, and the money is geared towards helping women and children affected by HIV/AIDS in Africa.

When you need cash, is it better to obtain a line of credit or get a loan? The answer depends mainly upon your self discipline and what you plan on using the money for. If you want to make fixed payments over a specific period of time, then a traditional loan is your best option. If you prefer to have a line of credit that you can use whenever you need to as long as you have money available, then a line of credit is probably the route you want to take.