The Surprising Reason You Should Cut Your Rewards Card Into Tiny Pieces
If you're looking for a reason to cut your rewards card to smithereens, talk to Patricia Newman. She contacted me after signing up for a United MileagePlus credit card, paying an annual fee and spending money like a sailor in the hopes that she could earn a "free" trip to Italy.
How Does an Introductory APR Work?
You know you're supposed to pay off your entire credit card balance every month. But that's not always possible. Whether you have credit card debt built up that's costing you interest each month or you plan to make a big-ticket purchase you can't afford to pay off right away, an introductory APR can help you save money.
74 Million Americans Have More Credit Card Debt Than Savings: What to Do If You’re One of Them
America’s compulsion for credit card spending appears to be reaching entirely new heights. A recent report from Bankrate found that a staggering 74 million Americans now have more credit card debt than emergency savings, which is the highest that figure has been in nine years. Looked at another way, only 44% of American households have more emergency savings than credit card debt, according to the same report. That’s the lowest that savings-to-debt ratio has been in nine years.
Tips for Avoiding Credit Repair Scams
As someone who’s working to pay off significant credit card balances, as well as student loan debt, there’s rarely a week that goes by when I don’t receive some sort of debt relief marketing.I often find myself flummoxed by the increasingly creative ways that these companies find to get their message in front of me. In addition to emails and filling my real mailbox with offers, I’ve even received robocalls and text messages.While I’m sure I’m not alone in receiving this steady stream of advertising, I have become increasingly concerned with how one might actually attempt to sort through all of these offers to find truly legitimate assistance and not fall prey to scams designed to sink already vulnerable people further into debt.