Used wisely, credit allows for the convenient purchase of items both big and small. Used unwisely, credit can, and has, led to home foreclosures and bankruptcy. Learn to use credit and debit cards smartly and improve your credit scores.
Credit Card Cashback Better Than Airline Miles Or Products
Sun Mar 28, 2010 | | Posted in Credit Cards
Now that the new credit card law, passed by Congress last year and dubbed Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 and went into effect February 22, 2009, the consumers have started to see some limits on fees and interest rates. But these companies are not going to sit around and wait … Continue Reading »
Credit Card Issuers May Have New Traps Up Their Sleeves
Tue Feb 23, 2010 | | Posted in Credit Cards
The new credit card law, passed by Congress last year, is dubbed Credit Card Accountability Responsibility and Disclosure Act of 2009 and went into effect yesterday, February 22. Because of certain clauses, it has been reported in the media, the credit companies may lose billions of dollars a year in late fees and interest charges … Continue Reading »
Tips to make money off of your credit card
Sun Jan 24, 2010 | | Posted in Credit Cards
Credit-card companies have been blamed a lot about the consumers’ misery that they have encountered over the years. Some of it has obviously some merit to it, but in many cases, the consumers have to be blamed as well for misusing their so easily available credit. However, there are consumers who take advantage of the … Continue Reading »
Your credit card company tries to be your financial partner
Tue Jan 19, 2010 | | Posted in Credit Cards
Well, on the surface of it, the statement does not make sense. Credit card companies and your financial partners? By nature of the business, these are contradictory. Why would a credit card company want to help consumers in budgeting their finances when they filled their pockets by making us miserable? Well, it may not be … Continue Reading »
Prepaid cards are on the rise – Is it convenience?
Tue Oct 6, 2009 | | Posted in Credit Cards
Go to any drug or convenience store or stores like Wal-Mart, you would find an abundance of prepaid cards. They are gift cards for retailers, phone cards and such that you can buy for a fixed amount of $5, $10, $50 or more. The convenience is that the vendors don’t check your credit and their … Continue Reading »
Pros and Cons of charging everything to plastic
Mon Sep 7, 2009 | | Posted in Credit Cards
Advantages Credit cards let you use the card company’s money for free. As long you pay your bill in full each time it’s due, you don’t have to make interest payments on things you buy for anywhere from 15 to as many as 50 days after you buy them. Credit card make budgeting brainless. If … Continue Reading »
Living without the plastic cushion
Wed Jul 1, 2009 | | Posted in Credit Cards
There is an article at MSNBC.com titled “Living without the plastic cushion” by Eve Tahmincioglu updated 6:45 p.m. ET, Wed., June 17, 2009. Eve tells a story about Lisa Brough who, the article says, was forced into a debt-free life by medical disaster. Her husband has Huntington’s disease, a degenerative brain disorder, and has been … Continue Reading »
Credit limit and high interest will change under new law
Sat May 9, 2009 | | Posted in Credit Cards
The House of Representatives On Thursday, April 30 2009 passed legislation that promises strong consumer protections from credit cards issuers. The Cardholders’ Bill of Rights aims to strengthen consumer protections offered by Federal Reserve rules and possibly speed up the date they go into effect (which, for now, is July 1, 2010). The bill recently … Continue Reading »
How To Get Out Of Nagging Debt
Wed May 6, 2009 | | Posted in Credit Cards
MSN.com ran a story “Get out of debt – on $26,000 a year” by Karin Price Mueller. The story is about “nagging debts, begun with a credit-fueled spending spree in college, are keeping a hairdresser from her dreams. But there is a path out of the red.” Excerpts from the interview: Today, the 37-year-old single … Continue Reading »
7 Ways you can get the most benefit from your credit cards
Wed Mar 25, 2009 | | Posted in Credit Cards
The red light for consumer credit crunch is still ON. The banks and other financial institutions are still not telling the Feds how they are spending their God-given money that they “caught” in the River Nile, in a basket. And why should they? Last night, watching the Presidential press conference, that’s the impression I got. … Continue Reading »
