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Tag Archives: Credit Cards

Ask an Expert: How do I begin to build credit?

Q:  How do I begin to build credit? Dear Reader, Building your credit, whether you are starting from scratch or recovering from past financial mistakes, requires time, dedication, and a strategy. Since you have already taken the first step by asking yourself this question, we will look at some of the next steps you can consider.   One credit building option to consider is a secured credit card. Secured credit …Read More

An Explanation of Your Credit Card’s 4 APRs

The Fine Print of APRs Whether we like it or not, the whole wide world seems to be filled with fine print. Even a receipt from the donut shop has its own share of tiny script laying out the rules and limitations on your purchase. But while it’s usually perfectly safe to ignore the fine print that comes with your morning bear claw, sometimes the paperwork is just as important …Read More

Ask an Expert: Should I try to move a negative mark on my credit report to my business credit report?

Q: Should I try to move a negative mark on my credit report to my business credit report? Dear reader, Small business experts always recommend separating business from personal finances so you don’t have to rely on personal credit to finance your business. Also, keeping them separate can help you prevent business liabilities affecting your personal life. Still, this can be tricky to do for small business owners. As you’ve experienced, …Read More

Ask An Expert: How can I build credit if I have no credit history?

A: Dear reader, establishing your credit history for the first time can seem like a daunting task. Your lack of credit history tells creditors that you have no experience with credit and they may not want to risk lending you money. So how do you break the cycle? Well, your best option is to apply for a secured card. A secured card is a credit card that offers zero liabilities …Read More

52% Of Millennials Engage In Expensive Credit Card Behaviors

 By Robert Harrow A new study released earlier this week by the FINRA Investor Education Foundation reveled that a majority of millennials use credit cards in an expensive way. They are more likely than the rest of the population to pay late fees or take out cash advances. These are avoidable expenses no one should pay. For millennials, these practices put a strain on their finances, making it more difficult to budget or establish a …Read More

4 Things Small Business Owners Should Do Before Fiscal Year End

By Odysseas Papadimitriou, CEO of WalletHub It might seem like the year’s just getting started, but it’s time to start thinking about the end, fiscally speaking, if you’re a small business owner. Most companies follow the general calendar and use December 31 to mark the end of a fiscal year. But many small businesses – plus nearly 25% of the S&P 500, according to company disclosures – stray from this norm, …Read More

Credit Card E-Statements: If You Go Paperless, Do It Right

By Ellen Cannon of NerdWallet You do everything electronically and rarely get anything you want by snail mail. You do your banking from your smartphone. Now your credit card issuer is urging you to opt out of receiving paper statements each month and switch over to electronic statements entirely. Should you? American consumers have embraced online banking since banks began offering it in the early 2000s. Electronic statements appeared shortly …Read More

How to Dispute a Billing Error

By Jesse Campbell It’s the end of another billing cycle for your credit card. You get your latest statement in the mail (or via email if you prefer the paper-free approach). As you do every month, you take out the statement and carefully examine its contents. And you see something that’s not quite right. There’s a charge on there that you don’t recall. You review your receipts. You wrack your brain. …Read More

Beware of These Financial Tricks or Treats

By Drew Kessler Halloween tricks or treats come along only once a year, but the consequences of financial decisions usually last far past the next spooky holiday. Options that seem good on the surface, if not handled properly, can have long-lasting negative consequences.To understand how a seemingly good financial move can work against you, the NFCC encourages consumers to review the following to see if their actions are resulting in …Read More

Is a Credit Card a Must for College Students?

By Drew Kessler The CARD Act requires a person less than 21 years of age to either document their ability to repay the debt, or have a co-signer before being granted credit. The new law will also regulate aggressive credit card marketing to college students. In years past, issuers enticed students to apply for cards by making offers of free t-shirts, beach balls, or even chances for an iPod. Some …Read More