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Credit Cards

Can I Pay My Taxes with a Credit Card?

As the holiday haze starts to lift and spring begins peeking over the horizon, the realities of being in a new fiscal year start to hit us all — right in the pocketbook. Somewhere between Valentine’s Day and Easter, the commercials for tax preparation providers take over the airways, and we start keeping watch for the W2s and 1099s soon to be hitting our mailboxes. For some consumers, tax time …Read More

Issuers Deny Bitcoin Buys On Credit Card

By now, just about everyone knows about Bitcoin (currency code: BTC), and that trading it has become a major social trend. Average citizens are freely buying and selling the cryptocurrency through smartphone apps on their morning commutes. The meteoric rise in price and popularity of BTC has driven many retail investors into the market at a breakneck pace. For some individuals, the fear of missing out (FOMO, in market lingo) …Read More

When Should You Consolidate Credit Card Debt?

The Reality of Using Credit Cards Between card designs, rewards programs, and one-step purchasing, it can be easy to become credit card complacent, so comfortable swiping for everything that you start to overlook the fact that credit cards are a form of debt. Every time you use your credit card, you borrow the money for each purchase from the issuing bank — and you are responsible for paying that money …Read More

Ask an Expert: What options do I have to repay debt before collections?

Q:  I have overextended myself with credit card debt and acquired loans to try to pay them off and just gotten deeper and deeper. I am not behind on anything however it is getting harder to keep up. I do not want to let my bills get so behind that they fall into the hands of a debt collector. What options do I have to repay my debt? Dear reader, …Read More

Ask an Expert: How do I pay my credit card debt when my wages are garnished?

Q: How do I pay my credit card debt when my wages are garnished? Dear reader, I’m sorry to hear that you are having to deal with a wage garnishment while trying to keep your credit card payments on track. Paying your credit card debt when your wages are garnished can be very tough because you have limited options. However, you can carefully plan and enlist the help of NFCC certified …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: Will closing a credit card improve my score?

Dear reader, While closing a credit card may seem like a good way to improve your score, it could actually have the opposite effect. When you look at the factors that influence your credit score, the most important ones are the payment history (which accounts for 35% of your score) and the credit utilization ratio (30%), followed by the length of your credit history (15%), and your credit mix and …Read More

Ask An Expert: What are the credit bureaus?

The credit bureaus are agencies that collect, keep, and maintain consumer’s financial information. They also share and distribute this information in the form of credit reports. There are several credit bureaus or consumer reporting agencies in the U.S., but the most well-known are Equifax, Experian, and TransUnion. These agencies collect and receive information from credit card companies, lenders, collection agencies, and other businesses who have pre-arranged business relations with them. …Read More

3 Ways a New Credit Card Can Help Rebuild Your Credit

For those with a tarnished credit history, applying for a new credit card might seem questionable. After all, that card you opened and maxed out in college is what caused your credit score to start going south in the first place. However, it’s not so cut and dry. What if I told you that opening a new credit card might actually improve your credit score? The difference between now and …Read More

Ask An Expert: How do I remove negative remarks on my credit report?

A: Dear reader, removing negative information from your credit report could be a good strategy to boost your score and improve your credit history. Negative data can reflect past financial mistakes you’ve made (like paying your credit cards consistently late) or they can be errors made by the credit bureaus or the creditors reporting to the bureaus. These errors might include having other people’s account reported on your file or …Read More