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  • Credit Cards

    What’s a ‘Good’ Debt?Financial Literacy, credit, Personal Finance

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    Thanks to the economic downturn and its lingering effects, the word “debt” predominantly carries a negative connotation. But you may have heard in the midst of balancing your budget or planning for retirement, that not all financing is created equal. In fact, some debts, experts suggest, may be good for you. But what exactly does this mean? What Is Good Debt? Simply put, good debt “is any debt that offers a return on the investment,” […]

  • Mistake

    5 Credit Mistakes You’ll Regret Immediatelycredit, Personal Finance

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    We all make mistakes and have regrets — those extra pieces of pie over Thanksgiving come to mind! — however, some regrets last longer than others. Credit mistakes can make you regret the error of your ways for years to come. Avoid these common credit mistakes and you’ll have one less area of regret in your life. Plus, you can start 2016 with a fresh start for your finances. 1. Opening a New Account Before Closing on Your Mortgage One […]

  • Credit Cards

    The Hidden Bonus of Paying Off Credit Card DebtLifehacking, credit, Personal Finance

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    In theory, nobody wants to be in debt. But when credit card bills arrive, we don’t exactly rush to pay them. And when we do, we may not pay the full balance. Understandably, we don’t want to be separated from our money. We earned that money, it’s hard to see it come into your bank account and exit just as quickly. But racking up high balances on your credit cards, even if you continue to […]

  • Credit Card

    Why Gift Cards Aren’t As Secure As Your Credit CardsConsumer Protection, credit, Technology

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    It’s holiday season, which means you are almost certainly going to receive (and give) a plastic gift card during the next few weeks. When you (or they) try to spend it, a familiar process will occur: You will swipe the card’s magnetic stripe, even if you are shopping at a major retailer like Target or Walmart. This action might give you pause to ask a question: “Where’s the chip?” The past several months have been dominated by talk […]

  • Debt

    There Are 6 Kinds of Borrowers: Which One Are You?Consumer Protection, credit, Personal Finance

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    Most Americans have only one kind of debt, if they have any at all, according to a new report from the Urban Institute. By analyzing five years of credit-report data of more than 5 million Americans, researchers identified many trends among U.S. debtors, including the most common kinds of borrowers. About 89% of consumers with credit reports fell into one of the following six categories. 1. No Debt This is the most common type of consumer. […]

  • Scam Alert

    3 Credit Card Scams You Need to Watch Out ForConsumer Protection, credit

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    Falling for a credit card scam is an incredibly frustrating experience and having your financial security disturbed for even a short time can disrupt your peace of mind. However, providing you arm yourself with the right knowledge, you can minimize the impact credit card scams have on your financial well-being. So, with that in mind, here are several credit card scams you’re going to want to watch out for. 1. Chip Credit Card Scam Over […]

  • Fewer Americans Are Worried About Credit Card Theftcredit, Personal Finance, Identity Theft

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    People either perhaps feel like payment security has improved or just don’t care about having their data stolen, because the share of Americans who said they frequently worry about credit card data theft has gone down since last year. In an annual survey about crime, Gallup asked U.S. adults about whether they’ve encountered or if they worry about a variety of crimes, and credit card theft was again the most common one people experienced. Gallup […]

  • New Report Argues Everyone Should Consider a Credit FreezeConsumer Protection, credit, Identity Theft

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    Given how often data breaches happen, it’s likely your personal information will be exposed, sold or abused, if it hasn’t yet been already. Identity theft takes many forms and can be difficult to prevent, but a new report suggests consumers should freeze their credit files as the “best protection against someone opening new credit accounts in your name.” What are the pros and cons to that strategy? How a Credit Freeze Could Help Here’s how […]

  • Credit Cards

    3 Things You Should Absolutely Never Do With a Credit Cardcredit, Personal Finance

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    There are two kinds of credit card advice. What you will most commonly hear are smart recommendations for how to use your credit card. These tips typically include ways to minimize your debt and maximize your rewards while avoiding fees. And while these can be valuable suggestions, some people ignore them and continue to use their credit cards, however imperfectly. But there is another type of advice that goes beyond mere suggestions and is more like a large, flashing […]

  • Credit Cards

    How Much Credit Card Debt Will You Have? Your Hometown May Be a Big Factorcredit

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    No one wants to find themselves buried under a bunch of credit card debt, but some of us are more prone to rack up debt than others, and it may be because of where we grew up. New research on credit card debt among college students indicates a person’s hometown has a greater impact on that person’s level of debt than his or her family or financial education. Researchers at the University of Kansas concluded […]

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