After a three year lull in the credit card industry, offers are starting to flood consumers’ mailboxes ,and people who have been on the sidelines as far as credit card use are starting to bite on them. For people who got into trouble with past credit card usage, it would be a wise thing to, [...]
Continue Reading →Unless you are among the unbanked or underbanked in America, those who by choice or circumstance don’t show up on the banking grid, you have come to realize that it is virtually impossible to get through life without the use of plastic. You need a credit card to make purchases online, to book travel, and [...]
Continue Reading →Credit card vs debit card which do you think is the smartest choice? Ever since the financial crisis, consumers have turned over a new leaf with regards to their use of credit, which is why debit card usage has skyrocketed in the last few years. For many people it was out of necessity, as their credit [...]
Continue Reading →As if the creation of the Consumer Financial Protection Bureau, spawned from the Dodd-Frank financial reform law, wasn’t controversial enough, it is now under fire as a result of President Obama’s “recess” appointment of its new director, Richard Cordray. The quotation marks are there because the appointment is certain to come under legal challenges by [...]
Continue Reading →There’s nothing more maddening than checking your credit card rewards balance only to learn that they have expired or are about to expire before you have a reasonable chance to use them. According to a study done by Synovate, a market research firm, only a quarter of eligible cardholders redeemed points in 2010. That means [...]
Continue Reading →You may be used to receiving credit card offers in the mail, but if you receive a letter from Union Workers Credit Services inviting you to join their membership plan, shred it immediately and warn your family and friends to do the same. When I received my own offer in the mail, I couldn’t believe [...]
Continue Reading →In what appears to be the biggest financial news story of the week (it was a real slow week for financial news), we learn that the venerable, personal finance pop icon, Suze Orman, has come out with her own pre-paid MasterCard, called the “Approved Card.” This is not totally surprising. After all, the Kardashians left [...]
Continue Reading →The recession seems to be taking a back seat as more people pull out their credit cards to pay for everyday items. According to The Christian Science Monitor, consumers racked up a total of $64 billion in credit card debt for the year 2011, and January 2012 has already seen an increase in credit card [...]
Continue Reading →Many people deal with credit card debt all of their lives with most of them giving little or no thought to what happens with their debt after death. The fact that nearly 60% die without a will is a strong indication that they’ve given absolutely no thought to it. As a consequence, those that survive the [...]
Continue Reading →Many consumers choose their banks out of convenience, including the ability to have one stop access to all of their banking needs. While the big banks have always had the edge over their smaller competition, it may surprise you to know that the whole industry is reaching some level of parity. Last week we provided [...]
Continue Reading →Tis the season for charity, but the economy has many people tightening their belts and even the most well-intentioned among us have been forced to rethink our charitable giving this year. For many people, that can dampen the spirit of the holidays. What if there was a way to turn your holiday shopping into a [...]
Continue Reading →For much of the last couple of years, most of us have paid little attention to the brewing financial problems of Europe, not because they weren’t that significant, but primarily because we have our own problems here at home. Although we are still neck deep in debt, deficit and recession worries, it’s becoming increasingly difficult [...]
Continue Reading →Among the myriad of new financial reform measures mandated by the Dodd-Frank bill two years ago was the creation of the Consumer Bureau of Financial Protection, a watchdog agency with the responsibility of ensuring that financial companies are following the law in their lending practices. Specifically, it is tasked with ensuring that all financial companies [...]
Continue Reading →Identity thieves and credit card scammers are more relentless than ever in their pursuit of your personal financial information, and as more people are opting to conduct their shopping and their financial transactions online, the number of credit card scams increases proportionately. Armed with nothing more than a computer keyboard and a geek’s knowledge of [...]
Continue Reading →Spread Holiday Cheer by Spreading Your Rewards Points Holiday shopping can’t come soon enough for retailers, in fact many haven’t been shy about mixing their Halloween and Christmas, although we think that may be a bit gauche. It would appear that they are preparing for what could be a very competitive shopping season as consumers [...]
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