Category Archives: Credit Cards
New Infographic Explores Generational Differences When It Comes To Debt
The average American carries almost $80,000 in debt and has a credit score of 751 – a number that falls into the “C” range on VantageScore’s A to F grading scale. While these figures alone paint a general impression of the state of personal debt and credit in the United States today, there are considerable differences among Americans of different statuses and backgrounds. For example, even though income isn’t calculated into your credit score, wealthier Americans generally have a greater capacity to pay off their debt and achieve a high rating.
Zero Percent Balance Transfer Cards Save You Money
Whether we like to admit it or not, credit cards have become a necessity. But all credit cards are not created equally, at least, mine aren’t. Credit cards carrying a high interest rate can drain your pockets and cost you more than you may bargain for, but a zero interest credit card, even if the rate is valid for a short period, can save you hundreds of dollars in interest every single year.
During the whole Great Recession fiasco, interest rates for credit cards shot up. We had become so used to cheap and readily available credit that we were shocked when credit card companies closed our cards or hiked our interest rates up by ten percent.
5 Easy Ways to Make Money by Using Your Credit Cards
Now I know most of you guys are thinking the title sounds too good to be true. You might want to read this when you’re alone because nobody wants to share a “money making secret” with their coworkers. This is not a get rich quick scheme or a job replacement, but it can put some extra dollars into your pockets.
Let me start out by saying that I have a large family that loves to travel, so I take advantage, oops, I mean I assist them with their bookings. Now you are probably wondering how does this make me money. One of my credit cards offers 5% cash back on travel purchases and since my family thinks credit cards are a tool from the devil and don’t like using them I save the day. I have booked numerous tickets for them. I collect the cash up front when booking and pay the credit card in full immediately. In 2 weeks I made $50 from booking tickets.
Bill My Parents Prepaid MasterCard Review
I don’t think that I’ve ever endorsed a credit card before, but here’s is my first one! It’s called the Bill My Parents Prepaid Mastercard and I’m in love with both this card and the entire concept. As your kids get ready to go off to college, this might be the best thing invented to teach them financial responsibility, give them extra cash, and monitor their spending habits. So here’s how it works:
Debt Consolidation and Debt Consolidation Companies
Debt consolidation is by no means a big mystery. In fact, it is, at least on paper, an exceedingly simple concept. With the help of a debt consolidation company, the debt consolidation procedure essentially renegotiates and then combines all of your obligations into a lump sum handled by the company. As a result, you will have cleaned up and simplified your obligations and the structure of your debt will most likely have improved – in many cases changing from comparatively high short-term repayments to smaller amounts payable on a more long-term timeline.
Who Are You? A Guide To Protecting Your Identity Online
The most rapidly growing crime in the U.S. is identity fraud. It might take you up to a year to realize that you have been targeted buy identity thieves. By then, it is much harder to undo the damage that would undoubtedly have been done to your credit record; track all the fraudulent purchases that have been made; and even worse, persuade all the lenders who have provided credit to someone in your name that you really didn’t receive a cent of the money. In the last year, an estimated 10 million U.S. citizens became victims of identity fraud with the total cost in the region of $5 billion; a lot of money. In some cases, there were steps that could have been taken in order to keep personal data more secure whilst online.
Shield Yourself With a Credit Card
Credit cards are a great short term method of borrowing money and can bring with them lots of benefits and flexibility for the cardholder, but this can depend on choosing the best card to suit your needs. Credit cards can be used in a variety of ways, from making payments for purchases and services to withdrawing cash to a balance transfer from one card to another.
Can The Unemployed Get A Credit Card ?
Anything is possible in this day and age, and if you are unemployed there are certainly options for you as far as getting a credit card. The real question is, if you are unemployed, should you be getting a credit card? It might not be the opportune time, but in all actuality for some vital functions you really do need one. The trick is to find the right kind of card and to manage its use responsibly.
Don’t Take Balance Transfer Credit Cards at Face Value
Transferring the balance from one credit card to a lower interest rate card is a smart move, but watch out for any hidden fees in the process. First of all, consider your credit score. If you have proven to be a responsible consumer, applying for a balance transfer offer should be simple enough. If you have poor credit, qualifying for a 0% interest rate credit card may not be possible. In that instance, look for the lowest interest rate possible for which you can still qualify.
