Is it just us, or does it seem that America, in general, is addicted to debt? Just call us the credit nation, from the highest levels of government all the way down to Main Street USA. America and Americans are obsessed with credit and rely on debt every day. Even as the nation and its […]
Smart Uses for Credit Cards
There are a few situations when credit cards can be your best friend, but know when to use them, and when not to… Have any questions or comments about this story? Just use the comment link below to contact us. Your email, although needed to comment, will never be published here, nor will it ever […]
Paying off Debt: Highest Interest or Smallest Amount?
You’ve got a little extra money and want to destroy some debt. But which should you pay off first – the smallest debt, or the one with the highest interest rate? Questions or comments? We’d love to hear from you. Just click the “comment” link below to sound off.
Real Estate News – August 2011
In this Issue:* Home Loan Comparisons: The Basics Pending Home Sales Rise Unexpectedly 3 Ways to Get More From Your Plastic (Your comments are welcome at the bottom of our newsletter) Home Loan Comparisons: The Basics Some first time home buyers as well as experienced home buyers sometimes have a difficult time searching for and […]
Credit Cards on Campus – How Banks Skirt The Law
A law that went into effect last year was supposed to curtail the use of credit cards on campus. But did it work? If you have any comments or questions about this, or any other story at our site, just click the comment link below and tell us what’s on your mind. Your email address […]
Skip a Payment, Inflate Your Debt
If you have a car loan through your bank, an offer to skip a payment might seem like a godsend. But is it? Have you gotten offers like this one? Did you skip a payment? Would you skip a payment now that you know how much it’s really costing you to do it? We’d love […]
Why Credit Counseling Often Fails
MSN Money columnist Liz Pulliam Weston recently wrote an interesting column about the high failure rate in the credit counseling business. It turns out that most people who sign up for credit card counseling, even if they’re working with a legitimate counselor licensed by the National Foundation for Credit Counseling, fail to pay down their […]
Credit Card Spending Limit – There is No Such Thing
Your credit card spending limit does not exist and it never did. In spite of the fact that your credit score is largely dependent on your spending limit (relative to your debt), there really is no such thing as a spending limit. Your credit card will rarely be declined in you go over the spending […]
0% Balance Transfers – The Lowdown
From November 2009 to November 2010, 0% balance transfers have increased by more than 35% according to Experian. While this may indicate that many consumers are starting to plan for holiday expenses more than in previous years, it also demonstrates a high expectation of debt. In any case, balance transfers, even 0% balance transfers, have […]
Beware Small Business Credit Cards
Credit card protection laws don’t apply to all cards, so be careful of which credit card you carry! Questions or comments? We’d love to hear from you. Just click the comment link below and tell us what’s on your mind.