Credit Cards

Learn how to manage your credit cards, find the best credit card and tips on how to lower credit card interest rates.

Does Checking Your Credit Score Damage It?

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Among the many credit score myths, the notion that checking your credit score causes it to decrease, tops the list.  To put your financial fears to rest, we decided to debunk this once in for all.  Here’s what you need to know: If you personally check your credit score/report online, your score will not...
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Scott Gamm on The Better Show

Scott Gamm The Better Show

This week, we’ve been talking about the importance of having a high credit score – and how a score above 700 can save you thousands of dollars, since it will result in lower interest rate on a mortgage, car loan or credit card.  Scott Gamm, Founder of HelpSaveMyDollars.com, discusses what you need to know...
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A High Credit Score Means More Savings

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A higher credit score will result in lower interest rates on mortgages, car loans and even credit cards – this will save you thousands of dollars over the life of a loan.  And attaining a high credit score is easier than you might expect.  It mostly involves paying bills on time.  Here’s what you...
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Raise Your Credit Score With These 3 Tips

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The credit score is your financial GPA.  If you don’t have high credit score, you won’t get the lowest interest rates on mortgages, car loans and you might even have a tough time renting an apartment…as many landlords are using the credit score to gauge the responsibility of prospective tenants.  And not to mention...
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Credit Cards vs. Debit Cards

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  In a world where online retailers are taking over, using plastic to pay for things is almost…a must.  And I say that with caution, because I’m a huge fan of cash…among many benefits, it limits your spending, since once there’s no more cash in your wallet, you can’t buy anything else.  With credit...
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5 Tips for Paying Off Holiday Debt

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The holidays are over – but the debt isn’t – especially if you used your credit cards to finance your holiday purchases. As the credit cards statements start arriving in the mail over the next few days, here are some tips on how to tackle your holiday debt. 1. Figure Out Exactly How Much...
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Top 3 Credit Cards for Students

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Heading back to school or college and in need of a credit card?  If you’re thinking of applying for a credit card to be able to live a better lifestyle and spend more money, you have the wrong mentality!  If you want a credit card so you can start building good credit, you’ve got...
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How Debt Affects Your Credit Score

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Got credit card debt? You’re not alone.  Americans have 609 million credit cards, according to the Federal Reserve Bank of Boston – with an average of 2.7 credit cards per consumer. Credit card debt causes huge strain to your financial and personal lives.  The average household has $15,788 in credit card debt, according to...
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Credit CARD Act One Year Later: Was it a Success?

Credit CARD Act One Year Later: Was it a Success?

One year ago on February 22, 2010, the epic Credit CARD Act took effect, which aimed to reform the entire credit card industry and help young people under age 21 steer clear of credit card dangers. Now one year later, was the CARD Act a success? The simple answer: yes and no. Studies published...
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Credit Card Debt Increases

Oh yes, the days of tons of credit card debt are back.  According to the Federal Reserve, the amount of consumer credit card debt increased in December 2010 – we haven’t seen a jump in the amount of consumer credit card debt, since 2008, which was the height of the Great Recession. Revolving debt...
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