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6 Hidden Credit Card Fees That You Can Avoid
Posted on October 19, 2015

Any credit card owner can unknowingly become a victim of avoidable and unexpected charges. The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 protects us against the hidden charges and fees levied by credit card companies. Credit card companies are required to disclose all charges – and the methods adopted to calculate them[...]

Should Credit Cards Be Used to Fund a Business? (Yes!)
Posted on October 9, 2015

You must have heard stories about how the foundations of certain mammoth organizations were laid with just a piece of plastic – a credit card. Charles Huang is said to have maxed out his credit card to finance Harmonix, the company that produced the highest-grossing game in U.S. history, Guitar Hero III: Legends of Rock.[...]

MARKET TRENDS: U.S. Economy Sees More Construction Investment
Posted on October 9, 2015

The world's largest economy will see more construction activity in the future as suggested by a steady rise in investment in the sector that has helped the growth of the overall economy. The U.S manufacturing sector has been a major let-down, hurt by an appreciating dollar and slower growth in overseas business. Although a short [...]

In What Order Should You Pay Off Debt?
Posted on October 5, 2015

Credit card debt is at its highest level in six years. The average credit card balance among households with debt stands at nearly $16,000. Everyone who is weighed down by debt wants to get out of it; however, this can prove to be a daunting task. The more debts you have, the more daunting this[...]

MARKET TRENDS: US Economy Riding Strong On Consumer Spending & Construction
Posted on October 5, 2015

The third quarter of the fiscal year could be exciting as signaled by a strong rebound in the US economy – with the final GDP growth rate reading of 3.9% in the second quarter. Economists expect the third quarter GDP to grow by 2.3% per annum. Eyes will be on consumer spending as well as[...]

Modest Upswing in US Small Business Confidence
Posted on September 23, 2015

The U.S. economy continued to grow at a steady rate halfway through the third quarter, despite the recent turmoil in global financial markets triggered by concerns over slowing economic growth in China. Data on automobile sales, employment and the services sector have indicated a constant build-up of economic momentum at the start of the third[...]

What You Need to Know about "Card Flipping"
Posted on September 18, 2015

In an attempt to inspire customer loyalty, many credit card companies offer rewards in the form of travel points or cash back on purchases. However, some cardholders discard any notion of loyalty and instead pursue the benefits offered by opening and closing multiple accounts to maximize benefits. This practice, called "flipping," may sound quite tempting [...]

Friendliest U.S. States For Small Businesses
Posted on September 17, 2015

Owning your own business can be tough no matter where you live, but location can make a big difference in becoming a success. Thumbtack, a service firm, performs an annual survey that ranks 95 U.S. cities across all 50 states based on ease of entrepreneurship. Approximately 18,000 small businesses ranked their city in 36 different categories[...]

The Top Five Credit Card Myths ... Busted!
Posted on September 14, 2015

If I were to ask you what is the most common form of consumer debt today, what would you say? OK, our title gives it away. But admit it if it's true, wouldn't you have thought either mortgages or car loans? In fact, the most common form of consumer debt today is the credit card.[...]

Here's How You Can Save Thousands of Dollars through Balance Transfer
Posted on September 11, 2015

If you’re carrying a large balance on your credit card, you are probably racking up thousands of dollars in interest fees every year. Many people carry credit cards that have purchase APRs varying from 13% to 25%. This means that unless they pay their bills in full every month, they have to shell out a[...]