There are some common questions and myths about the factors that can affect our credit scores such as how many cards are too many, or when you should keep or ditch a card. But one of the more popular speculations is whether or not new plastic can ding your credit score. Contrary to popular belie…Read More
Choosing a credit card can feel as overwhelming as sorting through online dating profiles, but with a little introspection you can pick the card that will do the most for you, whether that means minimizing your fee and interest payments or maximizing rewards points for a goodie that you’ll enjoy. Le…Read More
According to a recent Tower Group report, over 2/3 of small businesses use a credit card for expenses but only 40% of companies use a business card exclusively. Many small businesses fall into debt due to poor credit management strategies. However, before establishing a business line of credit, …Read More
Ehow.com reports that out of all the debt owed by American consumers, perhaps the most toxic is credit card debt. So, in general credit cards don’t reduce debt. What’s good to know though is that there are exceptions, such as debt consolidation from transferring balances from high-interest cards to …Read More
According to industry experts, an estimated 45 to 60 percent of Americans don’t have any insight into such an important number: credit score. Consumers are entitled to receive a free credit report each year, but that free credit report does not include your FICO credit score, which is assumed. Ho…Read More
There are some basic practices that consumers can implement, and there are also blunders that consumers need to avoid that can cause them to take a step back. However, when rebuilding their credit score this will be specific to a consumer’s personal situation as some so-called errors in some cases…Read More
The Card Act of 2009 ordered banks to review credit card customers’ files to determine if their interest rates should be lowered. Although some banks have lowered fees for some consumers, they have added fees to others, such as Bank of America’s $59 annual fees to customers who are least likely to b…Read More
Among the most current average credit card rate drops, the significant change has been the business credit card sector. It’s said that this break may be that business customers have shown strength and thus are faring much better than individual consumers in the current economic recovery. Accord…Read More
Finding the right credit card can be a challenge even to savvy consumers because credit card issuers switch up promotions and the fine print on their cards all the time. So a few experts were asked to suggest the most valuable travel reward credit card offers out there for summer vacation essentials…Read More
Although the Federal Reserve Bank reports that the number of credit card accounts has declined since 2008, we’re still putting more than $1.9 trillion a year on our credit cards, averaging at about $9,000 per household. Some feel it could be the sign of an improving economy or just a way to make end…Read More