Finance and Credit Professional

Most people can appreciate the importance of having a good financial plan to build a healthy nest egg for retirement.It's taking action towards making it a reality which is all too often the difficult part. Implementing a savings plan when you trying to make ends meet with mortgage payments, children's expenses, household bills and the [...]

Many consumers at least have some understanding that their credit report score affects what sort of credit cards they may be eligible for because the level of their credit determines the levels of credit card interest rates. Yet, there is something that is not so widely known. If your credit score is, for [...]

Here are two important questions for credit card consumers:How many credit cards do you have?Do you need all of them?Many consumers carry several credit cards with them on a daily basis, but use only a few over any given period of time. For many people, two or three credit cards are all that is truly [...]

Do you know what to do if your credit cards or ATM cards are stolen? You might be surprised at how many people do not.All consumers should know that the Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) offer procedures if your cards are lost or stolen.In general, here is what [...]

In the world of credit card usage, many cardholders can flounder in the bewildering mass of credit card fees that are tacked on to the monthly payment balance. Therefore, it may be appropriate to list the most common credit card fees that are accessed and explain what each one means for, you, the cardholder. Naturally, [...]

There are times when consumers need help with their debt. While there are many ways to get help, one of the most effective is to use consumer credit counseling services. These organizations and agencies can go by different names. You may hear of them as debt consolidation or debt management companies.These types of consumer debt [...]

The Federal Reserve cut interest rates again yesterday and will be likely to do so again in six weeks. Yields on 5-year Certificates of Deposit are down to around 4.25% and falling. On top of that, the mortgage meltdown has hindered the performance of the entire stock market. If you are retired and need [...]

Regardless of the type of credit card that you are using, chances are excellent that it carries with it some form of finance charge. Unfortunately, many credit card companies do not spend a lot of time explaining, in clear language, just how these finances charges affect your monthly bill. Most accountants can probably figure it [...]

Credit card companies across the board are beginning to impose higher fees for late payments. For some companies, higher late payment fees are just the beginning of what they can do to you when you drag your feet on paying them.The amount of money that a credit card company will charge you as a late [...]

In simple terms, overdraft protection helps you should you write a check and not have the funds in your account to cover that check. That is the simple explanation, but there is often more to it than that. This article looks at some of the common issues associated with overdraft protection.Normally, when you write a [...]