Credit and Debit

The key to avoiding debt or credit issues in one’s lifetime is knowledge. The more we know about credit, and the potential dangers out there, the better we can set ourselves up for success. And you are never too young to start worrying about credit. If you want to start your children off on the… Read More

For the responsible consumer, credit cards offer a lot of value. If you have a credit card already, and you make sure to pay off your balance each month, you may want to ask yourself what you’re getting from it. Smart credit card users know that they can get special perks for spending on their… Read More

Though credit cards offer convenience, among other advantages, they also come with risks. They often entice people to spend money that they don’t have on things they cannot afford. That’s why, as a nation, we are billions of dollars in credit card debt. The most dangerous mistake that people make with their credit cards is… Read More

For many years, it was very difficult (in some cases, nearly impossible) for an individual to check his or her credit score. We had to hope that when we needed a loan, our score would be there to support us. Then companies started offering free and paid services so that people everywhere could check in… Read More

For many Americans, credit cards are a way of life. We have multiple cards, and we use them as much as possible. And that’s why many of us will find ourselves in the familiar position of having higher credit card debt spread across multiple cards. What is the best way to begin to pay down… Read More

How much credit card debt do you currently hold? Curious how that stacks up against the rest of the US? New data collected by WalletHub, a free credit reporting site, tell us that the average American family owes about $8,300 on their cards. That figure is from 2016, the most recent year available, and is… Read More

The average amount of credit card debt that American families hold is just under $10,000. If you don’t have any credit card debt, congratulations. You are in the minority in our credit-addicted culture. Whether your credit card debt is $10,000 or $100,000, you probably want to know the best way to pay it off and… Read More

A popular way to compare credit cards is to look at their interest rates. When we talk about a credit card’s interest rate, what we are talking about is how much they will charge you if you fail to pay off your balance in full each month. An interest rate of 15% (common these days)… Read More

For people who struggle with debt, zero percent interest credit cards can seem like a worthwhile offer. Why not transfer that debt to a card and pay no interest? Not so fast. Credit card companies are not interested in saving you money. They are looking to make money too, so be weary of offers that… Read More

The recent hack of Equifax, a company most people had never heard of before news broke that hundreds of millions of American’s sensitive personal information were stolen, has put credit scores back in the news. You may find yourself in a position where you score is in need at some point in life (though we… Read More