dcsimg
As featured in The Wall Street Journal, Money Magazine, and more!

Credit

Delinquencies Increase

by Luke Landes

CNN is reporting that according to the American Bankers Association, delinquencies on credit cards (and other loans) have reached an all-time high. Taking a step back, it feels good to realize that I’m not included in these statistics. It has now been a while since I’ve been financially irresponsible. Sure, I make mistakes sometimes, such ... Continue reading this article…

4 comments Read the full article →

An Actual CitiBank Credit Card Improvement

by Luke Landes

With all the talk about CitiBank’s limitations in its online payment services, I neglected to mention an actual improvement that I noticed through the ordeal. (Luckilly, they sent an reminder of the new feature via email.) In the past, when users went to pay their credit card bill online, CitiBank would process the payment immediately. ... Continue reading this article…

2 comments Read the full article →

Raise Your FICO Credit Score

by Luke Landes

You may have been offered a credit score when you took advantage of the free credit report offer. CNN is offering tips for boosting that score. But first a note. Often, credit scores offered by the credit reporting agency are not true FICO scores — the ones mortgage companies use when contemplating your credit risk, ... Continue reading this article…

Read the full article →

CitiBank Strikes Again

by Luke Landes

About a week ago, I linked my CitiBank Platinum Dividend Rewards credit card to my ING Direct account with the intent of keeping more of my cash in an interest-bearing account. I knew from the last time I made a change to my CitiBank card, I had to wait some time before paying my bill ... Continue reading this article…

14 comments Read the full article →

Credit Card Grace Period

by Luke Landes

After I learned to stop using my credit card for buying things and paying for expenses, I learned how to use my credit card deals for buying things and paying for expenses. By this, I mean I realized that I can use the credit card as a tool, especially if it offers a rebate like ... Continue reading this article…

10 comments Read the full article →

Free Credit Reports Now Available!

by Luke Landes

The rest of the country was given this benefit at varying times earlier this year, but it finally has come to the east coast. I was going to wait until September 1, the official “release date,” but as MyMoneyBlog noted, the floodgates have opened a few days early. I’m talking of course about free credit ... Continue reading this article…

Read the full article →

Wallet of Plastic

by Luke Landes

It’s widely believed that the more credit cards you have, the better your credit rating. MSN Money, with the help of some experts, debunks that common misconception and recommenhds having two to six credit cards, and using them wisely: Keep your debt ratio low. Don’t carry a balance higher than 30 percent of the credit limit. ... Continue reading this article…

Read the full article →

The Urge to Merge

by Luke Landes

According to the New York Times, Bank of America is buying MBNA. This is another reason why consumers should avoid carrying a balance on credit cards if they are being charged interest. As more credit issuers merge, there will be less competition. With less competition, annual fees and interest rates will rise. Update: CNN answers ... Continue reading this article…

6 comments Read the full article →

0% Balance Transfers

by Luke Landes

The 0 percent interest credit card balance transfer game is a popular one to play. I had first encountered the trend on the Motley Fool message boards a few years ago. The credit card companies are making these quick-money ideas a little more difficult to navigate, with rules that differ among the many different offers. According ... Continue reading this article…

6 comments Read the full article →

Class Action Lawsuit?

by Luke Landes

Today, I received an American Express Card statement in the mail. That wouldn’t be too strange if not for the fact I haven’t used the card in over a year. So I took a look and apparently I’ve been awarded a settlement in a class action lawsuit, and I now have a credit in my ... Continue reading this article…

3 comments Read the full article →

Today’s News Items

by Luke Landes

Here is a round-up of some of the stories in the news today. I’ll add more as I find them. * Interest-only loans caused a wave of foreclosures in the Great Depression, and today’s are even riskier. * There are more millionaires now than there have ever been. It’s not such the exclusive club it ... Continue reading this article…

Read the full article →

Wall Street Journal Offers Some Free Content

by Luke Landes

Many years ago, as a reader of The Motley Fool, I came across a community of people who repeatedly jump from one 0 percent APR credit card offer to another 0 percent offer. It sounds like a good way to maintain a credit card balance without paying interest, if you don’t slip up and miss a payment. ... Continue reading this article…

5 comments Read the full article →

Be Aware of ATM Card Skimming

by Luke Landes

In New York City, police have arrested two men accused of using card skimmers to steal account numbers and PINs from a Bank of America branch, taking $2,500 from ATMs. Many people wouldn’t spot a card skimmer attached to an ATM, so these photos can help people be more aware of what to look for. ... Continue reading this article…

3 comments Read the full article →

Check Your Notices

by Luke Landes

When a credit card company with which you have a card sends a letter in a thin envelope, it’s best to read it. Likely, the company is notifying you of changes within the terms of the agreement. (The thicker envelopes are usually new card offers and unless it’s a great deal, it’s best to shred ... Continue reading this article…

2 comments Read the full article →

Credit, Debit, Check or Cash?

by Luke Landes

Editor’s Note:  This limited-time offer has expired. According to the Federal Reserve, credit and debit payments surpassed check payments last year. Between credit and debit transactions, debits have been gaining popularity. A Reuters article states that for those with financial discipline, credit cards are the best option for every day purchases. The Citibank Dividend Platinum ... Continue reading this article…

Read the full article →

Sweet Credit Card Deals

by Luke Landes

This article from MSN Money is warning the readers of those sweet-sounding credit card offers, such as 0 percent interest for the life of a transferred balance. Their tips: Clarify the deal. You may have to make a purchase every month, and if you do, your payments go towards the transferred balance first. Be suspicious of ... Continue reading this article…

2 comments Read the full article →

Credit Card Rates Up

by Luke Landes

Selena Maranjian from The Motley Fool writes about credit card rates going up in an article aptly titled, How to Owe $40,000 by Doing Nothing. She includes tables showing just how damaging having a 40 percent APR on your credit can be. That’s a pretty high rate, and apparently it’s a more common penalty rate for ... Continue reading this article…

Read the full article →

Debt Help

by Luke Landes

From MSN Money and Bankrate.com, 15 signs you need help with your debt. Seek help from a credit counselor if you do: Any trip to a credit counselor should be preceded by a thorough analysis of your family’s personal finances: how much money you have saved, how much you owe, how much you have coming ... Continue reading this article…

Read the full article →

My Latest Statement

by Luke Landes

I checked my credit card statement online today and discovered that my APR has increased from 11.7 percent to 14.7 percent. Now, I don’t think I’ve paid a finance charge in several years because I pay my balance off every month, but still the change disturbed me slightly. I sent a note to customer service asking for ... Continue reading this article…

Read the full article →

Airline Miles Credit Cards

by Luke Landes

So, you’ve got a credit card that rewards with with airline miles or points. Yeah, you know there’s a monthly fee and an above average interest. Yeah, you carry a balance each month to win more miles. It’s worth it, right? You’ll get a free plane trip soon, and the value of that outweighs the ... Continue reading this article…

Read the full article →
Page 19 of 20« First···1617181920