If you ever have money taken from you, you should hope it’s taken from your credit card account and not from your checking account. While credit card companies may charge exorbitant interest rates and have outrageous penalties for late payments, credit card companies are usually much quicker than banks when it comes to taking care of you in cases of fraud or theft.
Monthly Archives: March 2008
Paying Your Credit Card Bill Online
Paying your credit card bill online is actually a good thing for most credit card users. First, remember a late payment dings your credit score. Mail travels at varying speeds and even gets lost. (Though I don’t believe this happens as often as credit card companies hear this as an excuse.) Online credit card payments …
It’s Really a Debt Card
The term “Credit Card” begs a question: why is it not called a “Debt Card”. It was a brilliant marketing move to avoid calling them what they really are: Debt Cards. Here’s an idea that you might find helpful. The next time you take out a credit card, look at it and think to yourself …
Consumer Debt, the BIG Picture from the Fed
The Federal Reserve publishes current data on the status of what they call “Consumer Credit”. The BIG picture is not improving. This month’s report states, “Consumer credit increased at an annual rate of 3-1/4 percent in January”. It continues, “revolving credit increased at an annual rate of 7 percent.” The full release is here: Federal …
Best Credit Card Practices
Credit cards are like fire. Use them wisely and you have a tool that enhances your ability to accomplish things. Use them unwisely, and like those who play with fire, you’ll get burned.
Your Monthly Credit Card Question
If you pay your credit card at least monthly as most credit card agreements require, there’s one more thing you should do each month if the interest rate on the account seems too high: Ask for it to be lowered.
Welcome to the Credit Card Bubble Blog!
If you’ve watched the television news lately, you’ve heard about the housing bubble. You’ve probably also heard about the general debt bubble. One thing that you may not have heard mentioned frequently is the credit card bubble. You may have heard it in passing. The comments were similar to, “home owners are maxing their credit …
