Considering whether to handle out of control credit card debt through debt reduction or credit card consolidation?
While both options are viable ways for dealing with a problematic credit obligation, they each have unique problems and benefits that might be suitable for different financial situations. To decide whether getting debt consolidated or settled makes sense, [...]
It is estimated that about a third of people fail to pay off their credit or store card balances in full every month, and therefore pay interest on the balance. If that applies to you, the chances are you could save money by applying for a new credit card which offers zero (or low) interest [...]
The Office of the Controller has strongly recommended that credit card companies make their customers pay higher minimum payments, up to double the current amount to try to help us get out of debt. So instead of approximately 2% of your balance, you could pay up to 4%. This will affect at least 7% who [...]
Now that the Christmas shopping frenzy is over I’m sure we’re now all ready to start on the January sales!
But perhaps, more importantly, people will be beginning to suffer from the financial hangover January can bring. The strain of financial pressure over Christmas is probably about to catch up with a lot of us [...]
In recent years all areas of the Australian finance industry have seen some increased competition but perhaps no area more than the credit card sector. In the past few years hundreds of Aussie credit card options have launched offering consumers with a huge array of offers to choose from.
Growth in the market
Nowhere is the phenomenal [...]
Credit cards are a great way to make your shopping more convenient. They help you spread the cost of large purchases you might otherwise be unable to afford, and they also let you pay for every day items a little later in the month, when your pay check has cleared. Therefore, you should be happy [...]
After receiving over 60,000 comments, federal banking regulators passed new rules late last year to curb harmful credit card industry practices. These new rules go into effect in 2010 and could provide relief to many debt-burdened consumers. Here are those practices, how the new regulations address them and what you need to know about these [...]
With the pace of society increasing almost daily, and the move from store purchases to online purchasing, it is harder to exist using only cash or check books. If you wish to decrease time spent in check out lines, or to make a purchase on the Internet, a credit card is an efficient method [...]
Quick, tell me what you think would be a better word for a credit card?. It is not so much a matter of “credit” as of “convenience”. Because credit cards do tend to have a lifestyle altering effect.
I use my plastic money primarily when I need to urgently spend money. That is where a common [...]