How a parent’s healthcare bills could hurt you
Be careful when signing your parents’ healthcare bills because they could hurt you financially. Check out this article.
Category Debt
Credit Card Satisfaction
In August 2013, J.D. Power released their annual U.S. Credit Card Satisfaction Study. The top ranked credit card for customer satisfaction was not Visa or MasterCard. It was American Express. The second ranked card was Discover. Followed by Visa at…
Transferring credit card balances
Some of you might be considering transferring credit card balances to a zero percent card or one with a lower APR. Before you transfer the balance, you need to consider the following: The transfer fee. This is usually between 3% to 6%.…
The Ostrich Syndrome
I’m sure you all have heard that the ostrich will bury its head in the sand when it senses danger. Because he cannot see any danger, he feels safe. However, little does he realize that his whole body is exposed…
Debt Snowball Calculator
Vertex42 has a great Debt Snowball Calculator. Their website has a short video tutorial. This is how they described the Excel spreadsheet: How fast could I get out of debt? How much can you save in interest payments? That is what…
Revolver or Transactor
A revolver or a transactor is what credit bureaus are now using to refer to their customers. If you are a revolver, you tend to make charges on your credit card and do not pay the entire balance off on…
Credit cards and credit score
Many people are under a great misconception regarding their credit cards and credit score. They think that paying off their credit cards will lower their credit score. That is totally wrong. Your FICO, Fair Isaacs Corporation., score is calculated from a lot…
Earn 13% to 29% interest
During this time with extremely low interest on savings accounts, money market accounts, mutual funds, and other financial instruments, you are hard pressed to earn 13% to 29% interest or more. However, there is one place where you can get…
Are you a slave?
What a question, right? Of course if you are a United States citizen, you are a free person. Or are you really? Are you a slave? If you have debt, then you are a slave. You are slave to your…
