In “Some Chuck Credit Cards to Avoid Late Fees, Debt“, good arguments are made for avoiding the use of credit cards – entirely. Of course, the article also contains all the usual pro-credit card positions related to building a credit history, maintaining a high FICO score, and convenience. And the article offers a few significant …
Category Archives: Credit Card Safety
The Plastic School of Hard Knocks
A new school year is about to begin in the school of hard knocks. College students will face a wall of credit card offers. It doesn’t seem logical. Why would credit card companies want to account unemployed holders who are usually low on funds, and will have difficulty making their monthly payments? Credit card companies …
The Schumer Box
Many credit card customers tend to dislike credit card companies. By raising interest rates and increasing fees at will, credit card companies have all the power in the relationship they have with credit card customers who use credit cards. Much of the news about credit card company behavior shows them as excessively one-sided and selfish. …
Credit Cards Are Safer
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.
