If you’re a chronic spender like me, listen up. It turns out that taking out multiple lines of credit and racking up colossal mounds of debt isn’t good for your credit score, or your personal finances in general. Who knew? In all seriousness though, problem credit spending is something many Americans are all too familiar [...]
Archive for the ‘credit cards’ Category
Credit Card Apr Rates, Dubious Credit Card Offers, and Loaning Money To Family
January 4th, 2012 
Nichelle From the blog Consumerist, here are three recent posts that you may want to read. It is time to pay off that credit card debt as the average credit card APR is about 15%. If you have lower credit score and are surprised that you received a credit card offer, don’t be flattered. It is [...]
Posted in advice, banks, credit cards, money, personal finance 
Tags: consumerist, credit cards, lending money 
No Comments »Gauging The Middle Class With Debit Card Fees
October 3rd, 2011 Nichelle As I hear the news of Bank of America’s new $5 fee for debit card purchases, it got me thinking about the class hierarchy of credit and debit cards. Credit Cards: If you have a great credit score, pay off your bill monthly, you can get a “wonder card” with low interest, reward points and [...]
EMV Chips Making Credit Cards More Secure
April 24th, 2011 Nichelle To make credit cards more secure and prevent fraud, two U.S. banks, Chase and Wells Fargo, say they are switching over from the old magnetic-stripe technology used to store information on credit, debit and ATM cards to chip-and-PIN cards. Cards with EMV chip technology are rapidly becoming a world standard because they make it much harder for [...]
Credit Cards: You Can Live Without Them
July 8th, 2010 Nichelle I don’t own a credit card, and I am fine. Today, I read this post from fashion maven Gala Darling about she lives without a credit card, which makes it easier for to only spend what she earns. Gala says: The fact of the matter is that I only recently moved to America, & as [...]
The Pros and Cons of Canceling Credit Cards
February 28th, 2010 Nichelle How does canceling card affect your credit card score? Adam Baker canceled all his cards and wrote about it. His credit score dopped only 10 points but he thought it may dropped more. His credit was already about 700 so I think results would be different if a person’s score is initially under 700 before [...]
