There are countless credit card deals out there, but without the right approach it is very easy to become confused. Because each package offers different incentives, rates of interest and fees, it can be difficult to know which one will offer you the best solution for your financial needs.
The key to landing the best possible [...]
Getting bank on your feet following bankruptcy can be a very difficult task. You’ll be starting from scratch.
To ensure you make a “fresh” start, you need to think and analyze your previous spending habits. What really lead you to go bankrupt? Analyze your expenses, the way you handle your money and of course your lifestyle. [...]
Why should those of us with good credit practices be soaked because other people can’t learn to pay their credit card bills in full and on time?
Congress is moving to limit the penalties on riskier borrowers, who have become a prime source of billions of dollars in fee revenue for the industry. And to make [...]
Continue reading about Consumers Who Have Good Credit Habits Paying For Those Who Don’t
Debt consolidation can seem like the easy way out of the problem of too many payments every month. When credit card and loan payments add up to $900 every month, why not pay all of these debts off and have a nice easy payment of say, $300? It may seem like this is the answer [...]
Continue reading about Don’t Expect Debt Consolidation To Solve All Of Your Money Problems
The biggest mistake is not that people use credit, but rather how they use it. Most people determine if they can purchase something based on their comfort with the payment, rather than considering the effect of the interest rate. Most people make “minimum payments” on their debts (about 2.5% of the total owed). That doesn’t seem too bad [...]
Continue reading about Making Minimum Payments Will Cost You
For small business owners, a business credit card can be a convenient way to quickly access financing for short-term needs and can increase a company’s purchasing power. However, like any source of financing, it comes at a cost and must be carefully managed. It’s important to know the pros and cons of using credit cards as a [...]
A Canon PowerShot A720 Digital Camera retails for around $250.00. If you decide to put the purchase on your credit card, you will spend approximately $30 more for the digital camera than if you paid cash.
Using our True Credit Card Cost Calculator, the true cost of a $250 purchase is $279.70 if minimum payments of $15 are made.
If you pay $600.00 for an iphone, and put it on your credit card, you’ll end up paying around $915.00 for the phone if you make monthly payments of $15. Considering the cost of financing, it makes more financial sense to save your money until you have enough to pay for the phone in full. [...]
Times are tough: falling home values, rising unemployment, waning confidence among both consumers and businesses. You may be one of the millions of Americans who are spending less. On the up side, since the Federal Reserve keeps slashing interest rates in hopes of jump-starting the economy, there are steps you can take to boost your [...]
Most Americans have been affected by the present difficult economy and are struggling to make ends meet. If you are among the many families coming up short every month, you may be tempted to borrow more to get those things you feel you must have. As difficult as it may get, don’t fall into this trap, [...]
Continue reading about Don’t Try To Borrow Your Way Out Of Debt
