This is a guest post by Don Miller, who writes for CreditCardForum.com, a site where people post questions and get answers related to credit. He knows that credit cards are not appropriate for everyone and operates with that philosophy. However he still enjoys helping and advising those who use them and encourages paying in full. Living without the burden of debt…
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At first glance the answer to this question might seem like a no-brainer, but there are a few factors that need to be considered. So before we can accurately answer this, let’s look at all the pros and cons, along with what other financial experts have to say. Here are a few things that need to be weighed when determining…
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The idea of last-minute gift shopping is enough to make most people anxious. Over the next few days, those of us who have not yet finished our holiday shopping will be hurrying around to various stores trying to get it all done quickly. When you add the stress of having a deadline to the potential social cost of not spending…
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On the heels of Bank Transfer Day, a new day of protest against big banks is garnering headlines: it’s called Balance Transfer Day and is being promoted on Facebook and other social media sites. The idea of Balance Transfer Day is that people should use December 11, 2011, as a day to find better interest rates so they can move…
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Apparently our national obsession with credit cards is still very much alive. A report today shows that the amount of purchases made using a credit card rose 10.6% in the third quarter of this year (and had risen 9.0% in the preceding quarter). This comes despite the fact that late payments are still much more common than they were before the…
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Even though I’m a grown adult (yikes – when did that happen?) I still daydream. And sometimes when I do, I imagine someone taking a magic wand and making all of my debt suddenly disappear. How easy life would be if only I didn’t have that black cloud hanging over my head! This fantasy appears most often when I’m wishing…
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Let’s make one thing clear right off the bat: You don’t have to pay the debts of a family member or relative who has passed away. This weekend, the Wall Street Journal reported that debt collection agencies are increasingly targeting loved ones in their attempts to recoup money owed by a deceased family member despite the fact that there is…
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What are Minimum Payments? Almost everyone knows about minimum payments — they’re the amount you have to pay your credit card company (or lender) each month — but few of us stop and think about how those monthly amounts are calculated or understand the “myth of minimum payments.” In fact, you probably don’t know that minimum payments are strategically calculated…
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I’ll never forget the first time I broke four digits in my savings account. It was a few months after college, I was still working at a restaurant, and I had just paid off my car. My backbreaking $250/month payments on top of almost equal car insurance (my introduction into the world of driving was a little rocky) were enough…
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Have you ever thought there might be a connection between guns and credit cards? No? We didn’t either, until we did a little research and discovered some interesting facts. Curious? Keep reading!
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