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...

July 21, 2020

It’s difficult to get by without a credit card these days – they are an indispensable part of life for so many consumers in the U.S today. Whether you want to purchase a product or service online, pay for groceries at a brick and mortar store, or buy plane tickets for your next vacation – your piece of plastic can do it all! That is why it can be quite disheartening to find that...

July 16, 2020

  About 41% of American households carry some sort of credit card debt and among most individuals, the common practice, each month, is to pay just the minimum amount due. Now, as far as credit cards are concerned, the minimum amount due is usually around 4% of the total balance owed by the consumer. On average, when individual pay the minimum amount each month, they gets on track to paying o...

July 14, 2020

Are you spending sleepless nights stressing over your financial situation? The coronavirus pandemic may have hit income streams hard, but that doesn’t mean that you have to worry about how you are going to pay your bills. The credit cards in your wallet can offer a way out of your financial dilemma. If you tweak the way you manage your credit cards, and you may find that you have enough res...

July 7, 2020

Unless you’ve been living under a rock, you must have heard of credit cards that offer special introductory rates, often as low as 0%. These cards charge low interest rates for a specified period of time after you open your account and can be incredibly useful if you want to finance a large purchase or quickly pay off your existing balance. How do introductory rates work? To attract new cus...