Latest Articles from Credit Card Posts

Sneak Peak!! New FreeScore.com “Starter Home” Commercial Airs February 6

January 28, 2012 | No Comments »

Starting February 6th, we will begin national airing of our two new TV commercials each entitled, “Starter Home.” The two commercials offer something for both men and women. We have one spot featuring a woman looking at her dream home with a...

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Debt consolidation done right

January 18, 2012 | No Comments »

Debt consolidation through a refinanced home loan can offer a tempting promise — the exchange of your maxed-out credit cards for a clean slate. The trouble is, consolidating debt with a refinance doesn’t reduce it by a cent. It just...

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Factors influencing credit report Posted By : Joy Mali M

January 11, 2012 | No Comments »

Factors influencing credit report – By: Joy Mali M Credit Report the name itself explains the importance and we are well aware of its significance in our lives. Not only as basis in calculating credit scores, credit statement also decides...

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The Many Uses of a Visa Business Credit Card

Posted by Andrea Lewis at Sep 23, 2010 | No Comments »

I can’t count how many times I’ve heard people say that they don’t need a Visa business credit card when they already have a Visa. Stop right there! If that’s you, you’re committing a cardinal business sin: mixing personal and business credit.

Some people scoff at this. They think, I’ve been doing this for years — maybe decades — and never had a problem. My Visa works just fine for my few business credit needs, thank you: I certainly don’t need a Visa business credit card. But just consider some of the potential hazards of combining business and personal credit:

1. Identity theft: If your credit is combined, any security risk affects both your personal and business credit. That means that if a disgruntled employee messes around with your business credit, you won’t be able to obtain personal credit, either.

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Tags: Business Credit Business Credit Card Card Credit Card

Medical debt relief program to help Tennesseans pay down bills

Posted by Anthony Jackson at Sep 23, 2010 | No Comments »
State funds in Tennessee will help low-income consumers pay down medical debt

Debt brought on by expensive medical bills can be costly and financially devastating. Some Americans, unable to pay their bills, fall into a precarious financial state that may lead to bankruptcy and credit score damage. To alleviate the burden of medical-related debt, a new program in Tennessee will help consumers pay down their balances.

TennCare, a state assistance group, announced the launch of a new program that will help consumers who fall within a certain income bracket to reduce their medical debt. The “Spend Down” program will provide state funds to low-income Tennesseans who are facing expensive medical bills and who meet eligibility requirements.

In order to qualify, individuals must be 65 or older, be blind or disabled (based on the Social Security Administration’s standards) and bring in a certain monthly income based on household size, according to ABC News affiliate WTVC. Read more…

Tags: Bills Medical Debt

Red, Yellow, Green: Easy Budget Planning for Couples

Posted by Gregory Young at Sep 21, 2010 | No Comments »

I’ve heard the most common marital fights are over intimacy and money. While I’m not a relationship expert, I do think that one way to improve your love life is to tackle your money problems!

Many newlyweds make exciting plans to save for this and that because they think they’ll have so much extra money once they combine households. However, when the honeymoon is over, many couples find themselves arguing over where all the money is going each month.

Husbands question the “need” for a new pair of heels and wives quickly counter with the “need” for another round of golf.  What is the answer to this age-old problem? Why not try setting up a realistic, easy-to-manage budget, then kicking off those high heels and golf cleats and spending some quality time together.

Envision 3 buckets of money – red, yellow and green.

Red Bucket is your household account where you deposit your paychecks and pay your fixed monthly bills. Whatever is leftov

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College planning changes due to economy

Posted by Anthony Jackson at Sep 21, 2010 | No Comments »
More young adults are going to community college or putting off their education to save money

The economic downturn has impacted many adults, forcing them to make significant financial changes to stave off foreclosure or pay down their debts. But young adults are feeling the effects as well, especially when it comes to planning for college. Most parents have seen their savings depleted and are working hard to make ends meet, forcing their children to find other means of financing their education. Other parents, unable to pay out-of-pocket for college, are also using their retirement funds to finance their children’s education.

Many universities and colleges have faced budget cuts and a decline in private donations, requiring them to raise tuition or cut scholarship and grant programs. Read more…

Tags: College College Planning

How to Get Rental Car Insurance with Your Credit Card

Posted by Andrea Lewis at Sep 18, 2010 | No Comments »

If you’ve ever had to rent a car, you’ve had to listen to the clerk’s spiel about buying supplemental rental car insurance. Well, guess what? There’s no need to buy it at all if you pay with a credit card. And since you can’t easily rent a car without a credit card, you’re in the catbird seat here.

All you have to do is follow a few simple steps and work within certain broad restrictions, and you’re on your way to saving yourself some money.

What It Is

In most cases, credit card insurance on a rental car is simply a supplement to your existing auto insurance. If the car you’ve rented is damaged, the insurance will cover what your primary carrier doesn’t — usually minor things like deductibles.

Because of mandatory insurance laws in most states, it’s rare for an American driver to lack auto insurance. However, if that’s the case, the credit card can also act as your primary insurer.

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Tags: Car Insurance Insurance Rental Car Rental Car Insurance

New Overdraft Rules: To Opt in or Not to Opt in

Posted by Gregory Young at Sep 18, 2010 | No Comments »

New overdraft rules are in full effect, leaving many consumers wondering if it’s best to opt into now optional overdraft protection or go without it. Learn what the Federal Reserve’s new overdraft rules are and how they affect your checking and savings account before you make a decision. In addition, find out about alternative ways to protect your accounts from overdraft fees.

New Overdraft Rules

Before the new overdraft rules, your bank could allow ATM withdrawals and debit card purchases, even if you didn’t have enough money in your account to cover the charge. Consequently, the bank would promptly hit your account with an overdraft fee of up to $34 for each transaction. The new law, however, requires you to opt-in to accept this protection. Otherwise, the bank must deny the charge or withdrawal that would overdraw your account. If yo

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Tags: New Overdraft New Overdraft Rules Opt Overdraft Rules

Can My Teenager Qualify for a Credit Card?

Posted by Andrea Lewis at Sep 15, 2010 | No Comments »

The short answer to the question “How old do I have to be to get a credit card?” is 21. However, like most things in life, there are exceptions to that rule. Those exceptions have important ramifications for parents of teenagers.

On February 22, 2010 the CARD Act of 2009 went into effect. The Act was designed in response to the credit crisis that, coupled with the collapse of the housing market, helped push the nation into a recession. Proponents of the CARD Act gained popular support for the Act by emphasizing that the Act was designed to protect consumers. The CARD Act seeks to limit powers and practices of credit issuing companies.

One consumer group specifically targeted by the CARD Act for more protection is that of young people. Restrictions placed on credit card issuers include raising the age from 18 (in most places) to 21 to qualify for credit cards and limiting the access credit card companies have to college campuses in order to recruit students to apply for cards. The

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Tags: Card Credit Card

Truths and Myths about Credit Counseling

Posted by Gregory Young at Sep 14, 2010 | No Comments »

Many consumers lose control of their finances. Some are able to get themselves out of debt and regain control. Others turn to professional help in the form of credit counseling. But credit counseling isn’t always the appropriate choice. If you’re having trouble with debt, it’s time to uncover the myths and truths about working with a credit counseling agency to see if it’s the right solution for you.

Truths and Myths

Many consumers see credit counselors as a panacea to their debt problems – a way to get rid of all of their debt, or at the very least, consolidate all of it into one monthly payment at a lower interest rate. Credit counselors can work with you to review your debts and act as a negotiator between you and your creditors to get a reduced interest rate and monthly payment. These age

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Tags: Counseling Credit Counseling

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