Weekly Tips

Weekly Tips

Five Credit Card Tips for College-Bound Millennials

It's that time of year again. A summer full of partying, baking in the sun, and maybe even a job (heaven forbid) is coming to a close for hundreds of thousands of college-bound Millennials.

on Thu, 2011-09-08 17:00

Find the Best Credit Cards for Students with No Credit

Savvy college students understand that it's important to secure a credit card and begin establishing good credit while in college. But there are so many credit card offers from which to choose and most students begin with no credit history at all. So which offers are the best credit cards for college students with no credit?

on Sat, 2011-09-03 17:00

ATM Cards vs. Debit Cards vs. Credit Cards

These 3 types of plastic may look alike, but they have very different uses.

For example, ATM cards can generally only be used to withdraw cash from an ATM. Debit cards, on the other hand, double as both an ATM card and a way to make purchases directly from your checking account without having to write a check. When given a choice, most people prefer debit cards to ATM cards since they are more convenient.

on Mon, 2011-08-22 17:00

Know Your Credit Card Billing Cycle

It sounds obvious, but there are actually several reasons why you need to keep close tabs on your credit cards' billing cycles. The first one that should come to mind is you need to know when your billing cycle ends so you can be prepared to make payment in full to your credit issuer, right? That's a no-brainer.

on Wed, 2011-08-17 17:00

CFPB Accepts Credit Card Complaints

Now that the Consumer Financial Protection Bureau is officially up and running, complaints about credit card companies will be collected by one single government agency. While complaints are limited to credit cards at this time, the CFPB does plan to ramp up its efforts as more employees are hired to handle issues with debt collectors, student loans, mortgages, and more.

on Tue, 2011-08-02 17:00

5 Credit Tips for Teens

Who do you think is more likely to get into trouble using credit cards? A college freshman who was never exposed to credit his entire life, or a teenager who was added as an authorized user on his parent's card at 15 and taught how to responsibly use credit. Let's put it this way. I've met a lot of people who have found themselves in serious debt, and every single one of them started using credit for the first time when they were older or in college. Not once have I ever met a young teenager in credit card debt. Have you?

on Mon, 2011-07-18 17:00

FTC and Fed Broaden Free Credit Score Rules

Consumers are now closer than ever to having the right to a free credit score. In fact, there's a good chance you'll receive free copies of your scores the next time you apply for any type of credit, including credit cards.

on Sun, 2011-07-10 17:00

What Happens to Charge Offs After Debts are Paid?

You finally paid off the collection agency that's been hounding you over an old debt for years, but what about the creditor that originally owned your account? What happens to the charge off they've been reporting on your credit reports?

on Mon, 2011-06-20 17:00

Common Credit Card Fees

All credit cards have fees. In fact, the key to becoming a savvy credit card user lies in understanding what they are and how to avoid them.

To help get you started on the right path, here are the most common credit card fees every cardholder should know and understand.

1.) Annual Fee

on Tue, 2011-06-14 17:00

Using Debit Cards for Car Rentals Hurts Credit Scores

It's a little known fact that most car rental companies have a clause in their agreement that says they have the right to pull your credit reports if you use a debit card to rent a vehicle. What this means is that if you choose debit over credit for your next car rental, you'll likely end up with a hard inquiry on your credit reports and a negative hit to your FICO scores.

on Wed, 2011-06-08 17:00