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Credit Cards

Will Debt Consolidation Negatively Impact Your Credit?

Most people who are in debt want an affordable way to pay it off either quickly or over an extended period of time. Debt consolidation is a common solution, and there are two ways to go about.   Debt consolidation loans are the first options that comes to mind. A debt consolidation loan is a personal loan taken out with the purpose of paying off several other debts and getting …Read More

Financial Spring Cleaning: Tips For Tidying Up Your Finances

For many Americans, the onset of spring and fresh air outside means spring cleaning inside. It’s time to swap winter clothes for spring/summer ones and to get rid of the dust and clutter that’s built up over the cold months. Spring also is a great time to put your finances in order and save money in the process.The National Foundation for Credit Counseling (NFCC) suggests the following tips for tidying …Read More

6 Credit Traps That Await Divorcing Couples

The divorce itself doesn’t affect your credit score, but watch out for these common scenarios that most definitely do. Just as your credit scores don’t merge when you get married, they don’t experience any automatic hit or boost when you divorce. The divorce itself is not factored into your credit score whatsoever. However, the process of untangling financially from your ex could leave a mark on your credit file for …Read More

Can You Pay Your Student Loan Bill with a Credit Card?

The cost of higher education has ballooned exponentially in recent years. The days of being able to put yourself through a big university on a part-time or full-time job are mostly gone. Today, financial aid and student loans are almost as much a part of college as attending class. As a result, many students graduate school with a significant amount of student loan debt; in fact, student loan debt is …Read More

When is the Right Time to Get Your First Credit Card?

Is there an ideal age for someone to get  his or her first credit card?  Learning how to properly manage and pay off debt can be important lessons for the long haul. But a credit card in the hands of someone who has yet to learn personal financial responsibility can result in long-lasting consequences.   According to CNBC, the  optimal age for many people to get their first credit card …Read More

#AskanExpert: Too Many Credit Cards, How do I Avoid Bankruptcy?

Q. I have gotten myself into too many credit card payments. The amounts owed are relatively small but I have 13 of them! I just missed the monthly payment on 3 of them. Can I get a loan to pay them? I also have a loan for $2500 and have been charged almost $1800 in fees since February. Is there anything I can do to save myself from bankruptcy? Dear …Read More

Should You Open a Store Credit Card for Holiday Shopping?

Whether you’re tackling your holiday shopping in-store or online, chances are good you’ll be offered at least a few store credit cards this season. And those offers can be extremely tempting, full of alluring words like “20% off,” “free shipping,” and, perhaps the most appealing of all, “0% financing.”   But, as attractive as these offers can be, store credit cards aren’t always the innocent beacons of savings that their …Read More

4 Times to Consider Using a Credit Card for Black Friday Purchases

Although it’s nearly second nature for most consumers to pull out a credit card for their purchases, it may not always be the best idea for everyone. This can be especially true around the spend-happy holidays when we’re less inclined to stay on budget in the face of seemingly unbeatable sales of Black Friday and Cyber Monday.   At the same time, you don’t necessarily need to leave your credit …Read More

3 Ways Your Credit Cards Can Make Halloween More Affordable

For many people, October means the arrival of cooler weather, the beginning of the autumn season, and the start of the endless fall of leaves that must be raked. But for others — of all ages — October means just one thing: Halloween.   Yes, Halloween isn’t just for the kids these days; nearly 70% of consumers plan to celebrate Halloween this year, and they’ll spend an estimated $9 billion …Read More

#AskanExpert: Why is a Home Equity Loan so Hard to Get?

Q. We’ve used our credit cards too much and gotten ourselves into a stressful situation. We make a decent income, but the monthly payments are putting financial strain on our budget. We would like to get a home equity loan to pay off all these cards and just have one payment, but we do not qualify for a new loan due to our debt-to-income ratio. Not too long ago, my …Read More