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Credit Cards

How to Dispute a Billing Error

By Jesse Campbell It’s the end of another billing cycle for your credit card. You get your latest statement in the mail (or via email if you prefer the paper-free approach). As you do every month, you take out the statement and carefully examine its contents. And you see something that’s not quite right. There’s a charge on there that you don’t recall. You review your receipts. You wrack your brain. …Read More

Beware of These Financial Tricks or Treats

By Drew Kessler Halloween tricks or treats come along only once a year, but the consequences of financial decisions usually last far past the next spooky holiday. Options that seem good on the surface, if not handled properly, can have long-lasting negative consequences.To understand how a seemingly good financial move can work against you, the NFCC encourages consumers to review the following to see if their actions are resulting in …Read More

Is a Credit Card a Must for College Students?

By Drew Kessler The CARD Act requires a person less than 21 years of age to either document their ability to repay the debt, or have a co-signer before being granted credit. The new law will also regulate aggressive credit card marketing to college students. In years past, issuers enticed students to apply for cards by making offers of free t-shirts, beach balls, or even chances for an iPod. Some …Read More

Tips for Your Credit Smart Team

By Drew Kessler What could be scarier than your teen driving for the first time? A teenager with a credit card! As vulnerable teens increasingly obtain credit cards without really knowing how to responsibly use them, the NFCC recommends parents take action now to show teens the value of a good credit history and smart credit tips. Consider starting your teen off with a credit card tied to your account. Not …Read More

Poll Results Show Credit Cards Stay Home This Summer

By Bruce McClary The June online poll conducted by the NFCC revealed how consumers intend to pay for their summer vacations this year. Among the available choices, the credit card seems to be the one most likely to face the same fate as Kevin from the movie Home Alone. According to the survey responses, people preferred to enjoy vacation with their own cash or debit cards. Sorry credit! It is natural to be …Read More

5 Things Every New American Should Know About Personal Finance

As the nation celebrates Independence Day, many Americans think about what it was like for the early settlers arriving on our shores for the first time. Those early pioneers faced much uncertainty when it came to basic survival and the ability to provide a secure future for themselves and their families. Today’s immigrants may not face such extreme conditions, but they do have some significant hurdles to clear when it …Read More

What Does Your Credit Card Statement Say About You?

By Lindsay Konsko That credit card statement you get every month may contain some surprises, but not the kind you might expect. While you’re looking for unauthorized charges or mulling over whether that outfit you bought was really a necessity, take a few minutes to look at the big picture of how you spend. Assessing what type of credit card spender you are could be the key to unlocking a treasure trove …Read More

Your Credit Score: Updates You Should Know

By Jason Alderman With a new version of the leading FICO credit score working its way through the lending industry, borrowers who have wrestled with medical debt and others who have only a limited credit history might find their scores have improved when they apply for future credit cards or auto loans. FICO Score 9 was rolled out last fall by the three major credit bureaus – Equifax, Experian and …Read More

Pros & Cons to Paying Off Credit Card Debt

By Melinda Opperman It might seem strange to weight the pros and cons of paying off credit card debt. Intuitively, there are no negative consequences to paying off debt, and no positive consequences when debt is left unpaid. But this applies only to debts that are current or very recent. When it comes to old debts, there are definitely pros and cons to paying off old credit cards. If a …Read More

Americans Not Paying Bills on Time — and Why That’s Bad

By Erin El Issa Paying your bills on time can save you money. You’ll avoid late payment fees and penalty interest rates, and also maintain or build good credit, which can help you get approved for favorable loan terms. Yet, many Americans — especially those in their 20s and early 30s — struggle to get their bills paid on time, according to a recent study by the National Foundation for Credit Counseling. Here’s …Read More