September 25, 2020

Buying your first home can be wonderfully exciting; however, this process can be full of apprehensions too. After all, in such situations it is quite easy to get caught up in the moment and make mistakes that you will end up regretting later. Listed below are some common errors most first-time home buyers make, and how you can avoid them. 1. Searching for a home before applying for a mortgage Mor...

September 23, 2020

What happens when you write a check or swipe your debit card for an amount that is over and above what you have in your checking account? Well, in most cases, you become liable to pay overdraft or insufficient funds fees. These days, many banks inquire whether you would like to opt-in or opt-out of overdraft fees. Let’s say you’ve opted in. In that case, whenever you use your debit ca...

September 16, 2020

There was a time when credit card issuers could increase interest rates for the consumer whenever they wanted, causing much distress to the cardholder. Fortunately, with the introduction of the Credit Card Act of 2009, such unfair practices were put to a stop. Having said that, there are certain circumstances under which your issuer could, nevertheless, increase your interest rate, as follows. 1....

August 25, 2020

Have you ever chosen one credit card over another just because it had a better sign-up bonus? Rewards are one of the main selling points of credit cards - that’s why you may be attracted to those that offer awesome benefits right from the word go. But it’s not just the sign-up bonus that’s important. The card should offer great rewards on an ongoing basis so that you can hang o...

July 28, 2020

You may have seen the word “charge-off” on your credit report, or perhaps you’ve received a letter that your credit application was denied because of a certain “charge-off”. The word “charge-off” can make it sound as if you’ve been let off with respect to some sort of debt; however, that is not really the case. What is a charge-off? A charge-off tak...

July 23, 2020

A credit card is a boon for consumers who want to purchase something but don’t have enough money to pay off the entire amount right away. If you don’t pay off the balance charged to your credit card at month-end, that amount is treated as debt - and interest is levied accordingly. The interest payment you must make in return for the convenience of delaying your payment is known as a f...