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Should I Get a Store Credit Card?
“Would you like to save 15 percent on your purchase?” It’s a rare person who’d say no to that! But, that seemingly innocent question is typically followed by an offer to open a store credit card. You may be wondering, should I get a store credit card? On the surface, the offer could seem like […]
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Should You Get a Store Credit Card?
Store Credit Card, yes or no? Spoiler alert: They often are too good to be true “Save 5% on all purchases!” “Get cash back!” “Cut your costs at the pump!” At checkout at many big box stores, supermarkets and mall shops, it’s nearly impossible to avoid hearing a pitch for the store’s credit card from […]
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Americans Had Jobs, Consumer Confidence—and More Credit Card Debt in 2018
Unemployment was historically low and consumer confidence was at an 18-year high in 2018, but, even with jobs and positive feelings about the economy, consumers didn’t give their credit card debt a rest, according to a new report from Experian, the consumer credit reporting company. In fact, the consumer debt study found that credit spending […]
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7 Tips to Protect Yourself From Credit Card Fraud
Do you know how to protect yourself from credit card fraud? There always seems to be headlines about yet another data breach—when hackers break into a company’s computer system and steal sensitive and confidential personal data about their customers and clients. In 2018, Marriott International announced that a break in to its guest reservation database […]
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7 Pieces of Wisdom to Talk with Kids About Credit
Roughly half of parents have let their kids under the age of 18 use their credit card at some point – and 48 percent regret that they did it, according to a new survey from CompareCards.com. Whether they spent way too much on in-app purchases or went all out on Amazon, parents were left with […]
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7 Healthy Habits for Using Credit
Nearly half of Americans carry some amount of credit card debt each month, according to a new survey from NerdWallet.com. And that debt is on the rise – totaling $420 billion in late 2018, an increase of 5 percent over 2017. Credit card debt can be costly – and stressful – for consumers. But that […]
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Are You Being Impacted By The Government Shutdown?
Are you or someone you loved being impacted by the Federal Government Shutdown? The majority of American households do not have a rainy day fund to cover basics. According to the Federal Reserve Board, and research shows that 40 percent of American households can’t cover a $400 emergency expense. Simply put, a missed paycheck can wreak […]
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Recent Study: Women More Likely to Skip Credit Card Payments
Women are more likely than men to skip credit card payments, according to a 2018 study from CreditCards.com. The poll, which surveyed 1,000 adults, found that 48 percent of women hadn’t paid their credit card bill on time at least once compared to 35 percent of men. Overall, 42 percent of people said they have […]
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Credit Cards and College Students
It’s seen as normal to carry debt in society today – everyone has debt, especially credit card debt. But what about credit cards and college students? Are young adults ready to handle the burden of credit card debt? A recent study reports that one in four college students leaves with more than $5,000 in debt, and one […]
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5 Ways To Use Credit Cards Responsibly
Today there are many options when it comes to credit cards. If you have good credit, it’s simple to get approved for a card with good interest rates and a variety of perks. Used correctly, credit can help you build an even better score. However, if you do not use credit cards responsibly, you could […]