Secured cards afford a line of credit secured with a savings account. You may have to secure all of the credit line, or only half of it. Most cards require a security deposit of $200 to $1000.
Keep reading...How are credit card companies able to charge high interest rates – often as much as 25 percent – and get away with it? The question was argued in 1978 by the U.S. Supreme Court in Marquette National Bank vs First of Omaha Corp.
Keep reading...Despite the observation by some that you are paying to use your own money, the trend toward using prepaid credit cards is not slowing down. In fact, it may be speeding up. Financial institutions aren’t the only ones issuing these cards.
Keep reading...Traditional credit scores are expressed as a numerical scale ranging from 350 to 850 points. Some people prefer letter scores – A, B, C, D, F. These scoring systems are not uniform between companies outside the three major national scoring companies – Experian, Equifax, and TransUnion. The three major credit reporting bureaus have developed a uniform, consistent rating system called VantageScore®.
Keep reading...An analysis done by the credit monitoring website, creditsesame.com, compared four different financial aspects of individuals’ credit profiles in 12 swing states.These states were Colorado, Florida, Iowa, Michigan, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Pennsylvania, Virginia, and Wisconsin.These swing states will likely determine the outcome of the upcoming presidential election.
Keep reading...ChargeSmart is an online payment service which allows you to use a credit card to pay big bills, namely your mortgage, auto, and student loans, as well as your utilities. This is a tremendous opportunity for people looking to open a new account with a high rewards credit card.
Keep reading...Although the ultimate spending limit and credit limit depends on your income and credit score, we’ll take a look at some cards that are best for people who need to make large purchases regularly...
Keep reading...Some people might think US consumers are too indebted to continue using credit cards. The truth, however, is that we simply need to use credit cards to our advantage, rather than the other way around.
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