Prepaid debit cards are often interchanged with prepaid credit cards. However, these two actually contradict the meaning of each other. A prepaid credit card refers to a line of credit given to a consumer which can be used to finance charges for different purchases made or for cash advance. The charges made using the card…
A lot of Americans have credit debt debt, and I was no different. Here is the story of how I finally managed to erase credit card debt. Ironically, enough, I was working at a collection agency when my own credit card debt got out of control. Essentially, I spent all day calling people to try…
It’s amazing how many myths there are regarding credit and debt. Many people either have unrealistic expectations of what they can do if they have debt problems or they suffer needlessly because of their misconceptions. Here are just three of the common myths about credit and debt, along with the realities. Myth #1: The Credit…
Starting young in the quest for building credit is the probably the smartest move you could do for your finances. A lot of people fail to make this move therefore they use only their debit card for their expenses and they find it difficult to buy a house or a car. You should ask your…
I for one believe that credit card debt should be as small a portion of your overall debt as possible. It’s incredibly wasteful, money-wise, to carry any substantial credit card balances. They suck the life out of any budget, make it difficult to save, and seem to hang on forever. But how can you eliminate…
Visa, along with MasterCard, cater to people who have bad credit. It is also one of the more popular issuers around. Discover credit cards are for a more specific group of people while American Express tend to be for people who are in society. When you apply for the latter, they usually give unsecured credit…
Knowing how to settle credit card debt will not only loosen financial burden but also give one a lot of cushion in case a personal emergency happens. A paid off credit card will give one the ability to have something to fall back on in case one gets into an accident and cannot go to…
Is it possible to turn your sum owed to creditors into wealth? According to John Cummuta who invented a debt relief system recently, it is possible to clear credit card debt, and start transforming debt into wealth easy. John created a system that teaches consumers’ how to prioritize, and eliminate debt in a short time….
Credit cards give you a lot of different spending options, but one that most people over look is the cash advance. They are expensive, and don’t normally make sense to use, however there are a couple of situations where they may be a good idea. In this post I want to start by showing you…
After bankruptcy you may think, that getting a credit card after bankruptcy is a dream. But have you heard of some ‘dream come true’ saying, right? Many companies have started it, and now you can actually own and use credit cards after bankruptcy. After bankruptcy you will have a blemished credit report. With such a…