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New Federal Reserve Report Shows Rich Getting Richer

by on September 8, 2014

According to the Study of Consumer Finances, a report released every 3 years by the Fed, the super rich are continuing to get richer, while the gap between the rich and poor continues to widen. The report found that the wealthiest 3% of American households controlled 54.4% of the nation’s wealth in 2013, a slight increase from the last survey in 2010. At the same time, the wealth shared by the bottom 90% fell to 24.7% in 2013. 
 

The Truth About Retail Therapy

September 5th, 2014 by Yael Kent

Retail therapy has become commonplace in today’s world. According to a survey conducted by TNS Global, more than half of Americans (64% of women and 40% of men) admit to engaging in “retail therapy,” or the act of shopping as an outlet to relieve stress and improve one’s mood. So, if you’ve ever felt sad, disappointed, angry, or even happy, you’re not alone in heading to the mall for some retail relaxation. 

Weekly Tip: Think about buying secondhand.

Although you might want something new, do you really need it? Oftentimes, buying secondhand can result in huge savings with little or no difference in quality. Used goods can be hundreds, even thousands, of dollars less. And you may not even notice the difference. If you want to save, here are some of the best things to buy secondhand:
 
Updated by Alice Bryant on Fri, 2014-08-29 16:23

Discover Reaches #1 in Customer Satisfaction

by on August 29, 2014

The Citi® Double Cash Card offer is currently not available from Creditnet.com

However the below card(s) are recommended by Creditnet as a great alternative to the Citi® Double Cash Card:

Similar Cards We Recommend

Citi® Double Cash Card

Which Credit Card Rewards Program is Right for You?

August 21st, 2014 by Alice Bryant
It seems nearly every week credit card companies put out a new rewards card or membership bonus that appeal to our desires as consumers who would like to get bonuses and rewards through their credit cards. Credit card companies are currently offering record-breaking sign up bonuses for customers. But with all the great deals and rewards programs that credit card companies are offering, it may be hard to decide what you want. Take a look below and see which rewards program is right for you.

Have You Outgrown Your Credit Card?

August 21st, 2014 by Alice Bryant

Having access to credit is a great thing. You can make large purchases and then pay for them in monthly installments, build a credit history and have an emergency fund in your wallet at all times. However, credit cards have added several new features and perks that older credit cards may not have had. That begs the question of whether or not you have outgrown your current credit card. 

Weekly Tip: Avoid overdraft fees.

Although it may seem obvious to avoid overdraft fees, many people overcharge their credit card and end up paying for it. One time might be okay, but these charges add up fast. And if you are consistently forgetting, you’ll end up spending a lot of money on overdraft fees. 
 
Updated by Alice Bryant on Fri, 2014-08-15 12:07

FICO Releases New Model for Credit Scores

by on August 15, 2014

FICO, formerly known as Fair Isaac Corp, has just released a new model for credit scores. On Thursday, the company announced that the latest version will no longer weigh medical debts as a part of the score. It will also discount overdue medical payments yet to be made. 
 

10 Cities with the Top Credit Scores

August 14th, 2014 by Alice Bryant

Basically, one's credit score is a three-digit number that can be generated by a professional mathematical algorithm. It is used in order to help predict if one is at risk of failing to pay back on loans issued to them. The most popular type of credit score is the FICO score, and these scores have a range from 300 to 850. Using this system, lenders can get a better grasp on if people that are asking to lend money are more likely to pay them back or not as they are supposed to.

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