Thursday, July 28, 2016

Job applicant credit checks increasingly restricted

 
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'Speaking of Credit by Barry Paperno
5 credit scoring head-scratchers
Most of the times, scoring rules make sense. Then there are these...



 
'Opening Credits by Erica Sandberg
Understanding how a card's billing cycle works
Depending on when issuers report to the bureaus will impact credit scores.



 
'To Her Credit by Sally Herigstad 
Warn the ex's girlfriend about his IRS tax debt
If you and your ex owe the IRS, the new girlfriend deserves to know.
Should lenders increase credit card minimum payments?
Consumer advocates have argued for years that issuers set minimum payments too low, trapping people into debt.

Save money by having groceries delivered? Yes!
Grocery delivery services take away the ability to impulse shop, which can save you money, despite delivery fees.
Rate Report 
Credit Card Rate Report as of 7/28/16

National average 15.18% 
Low interest 11.98%
Business 13.12%
Student 13.42%
Balance Transfer 14.38%
Airline 15.08%
Cash Back 15.32%
Reward 15.29%
Instant approval 18.04%
Bad credit 22.56%
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Thursday, July 21, 2016

'Plain vanilla' credit cards: 5 reasons to choose one

 
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'Credit Smart by Susan Keating
One day late, one dollar short means late fee
Paying a bit little, a bit late, will trigger a fee.



 
'To Her Credit by Sally Herigstad 
How to graduate from debit-only to being a credit card holder
Don't let fear hold you back from opening a credit card. Used properly, they're a useful tool.



 
'Speaking of Credit by Barry Paperno 
Authorized user doesn't like the piggyback ride
Don't jump off too soon; a close look at the entire credit profile may show it's a net positive.
Usernames and passwords, don't slow me down!
Blogger Kim Carmona shares why she prefers alternatives to usernames and passwords, such as a four-digit PIN or pattern recognition.

Barbie loses material girl image, and her credit card
A brand-new Barbie is about to hit store shelves, and she's shed her sparkly, blonde "material girl" image.
Rate Report 
Credit Card Rate Report as of 7/21/16

National average 15.18% 
Low interest 11.98%
Business 13.12%
Student 13.42%
Balance Transfer 14.38%
Airline 15.08%
Cash Back 15.32%
Reward 15.29%
Instant approval 18.04%
Bad credit 22.56%
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Thursday, July 14, 2016

Why we love that giddy high of a good card splurge

 
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'Opening Credits by Erica Sandburg
Unpaid fees from canceled card can end up in collection
When a card is canceled, triple-check that no balance remains.



 
'To Her Credit by Sally Herigstad 
Volunteering for jail isn't the answer to debt
When debt gets deep, don't despair there's help.



 
'Your Business Credit by Elaine Pofeldt  
Business partner's personal debts on card may be grounds for suit
Authorized users are normally not liable for card debts, but there is still an option for legal recourse.
Street performers now take tips via credit card
No need to dig in your pockets or purse to tip buskers; they may take plastic.

Despite good credit, I got socked with a high APR card
The APR I recieved was almost as high as the average APR for cardholders with bad credit and well above what my other credit cards charge.
Rate Report 
Credit Card Rate Report as of 7/14/16

National average 15.18% 
Low interest 11.98%
Business 13.12%
Student 13.42%
Balance Transfer 14.38%
Airline 15.08%
Cash Back 15.32%
Reward 15.29%
Instant approval 18.04%
Bad credit 22.56%
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