The latest iteration of Apples super successful phone is released today. The iPhone 3GS boasts a new camera, a digital compass, and a faster processor that leads to an improved user experience. This version is physically similar to the iPhone 3G. The differences lie in its guts. Many people will rush to buy a the [...]
These days, a lot of the media and advertisers are focusing on fiscal responsibility. You hear terms like stay-cations (a vacation in which you stay where you live). It is apparent that uncontrolled spending has met its end for the near term. The values of homes is no longer rising as quickly as Saturn V [...]
Continue reading about A New Chapter in Credit Card Spending
This weekend, WolframAlpha.com, a computational search engine went live. It is a great addition to google. Its power lies in its ability to apply mathematical algorithms to the data it is aware of. There are some great calculators you can access by typing in terms like “credit card” and “mortgage”.
Continue reading about New Credit Card & Mortgage Calculators at WolframAlpha.com
On Friday, the Federal Reserve said that consumer borrowing fell by $3.6 billion in October to $2.578 trillion. Credit card borrowing, or revolving debt, declined at an annual rate of 0.2%. Economists had expected consumer credit to have increased in October but it didn’t.
This is a sign that the consumer has adjusted to the realities [...]
Continue reading about Consumer Credit Declines $3.6 Billion in October
As the economy slumps, some Credit Card companies may be increasing your annual percentage rate. This information is provided in a written format 15 days prior to the increase. If your rate goes up, the best thing to do is to pay off your debt as soon as possible. Unless you think you can make [...]
Continue reading about Increase in Credit Card Rates this Winter
Here’s a tip. While gas prices continue to decline at the gas pump, consider putting away as much money as you use on fuel. Since prices have decreased by 50%, normally, you would be spending the money on fuel anyway. Now is a great time to go to the pump, and put away as much [...]
During the holidays, its important not to overextend your credit card use. Please budget and have fun shopping for your friends and family.
Sometimes it seems that the only answers for Credit Card woes is to annihalate them. One positive strategy to help you pay less over the long term is to call your credit card company and request a lower APR (Annual Percentage Rate). If you are a customer in good standing, most creditors will be happy [...]
Normally, when a consumer has a problem with a credit card company, the solution is simple: Find a new card and walk. But when the credit limit drops, the credit score may take a hit. So it can be more difficult for cardholders to take their business elsewhere.
It could “have the effect of keeping you [...]
Continue reading about Your Credit Score and Credit Card Limits
We are not our debt, debt is something that happened along that way. We need to take that debt and look at it objectively and realistically and don’t beat ourselves up about it; while at the same time we sort it out and figure out the best way to deal with it.
The most important thing to [...]
