Things you need to know about credit scores and how it can affect your finances.
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It’s hard to get away from technology when attempting to negotiate the increasingly impersonal world of free-market capitalism these days. Self-checkouts in supermarkets have replaced people; you can bank on the phone without ever talking to anything but a monotone automated voice and buy whatever you want on the internet with your credit card without ever having to say as much as “cheers” to a sales assistant.
In 2009, the Credit CARD Act was passed by Congress and signed in to law by President Obama. The law was meant to bring more transparency to the financial services sector, and to protect consumers from some of the practices associated with the credit card industry.
A bad credit rating can severely diminish your chances of successfully applying for a loan or credit in the future. This can have serious consequences including when it comes to buying a home or car.
Canadians love their debit cards and I, for the life of me, can’t exactly figure out why. I think it would be safe to say that most adult Canadians also have at least one rewards credit card in their wallets in addition to their debit card, but still many of them simply leave it in their pocket when it comes to making everyday purchases.
Debt is awful. (That’s the understatement of the century!) I mean, I have 6 figures of my own debt that I’d love to see disappear. It would be so amazing for me to just win the lottery or get some gigantic inheritance from a long lost uncle. I swear I’d use it all responsibly and pay off my debt first before going out to eat sushi every night.
Applying a credit card allows you to develop some sort of credit history or to enhance. It will be a handy supplement for your wallet in case of emergencies. Yet choosing your first credit card is always very challenging especially when you are not sure what type of card to choose for you. There’s an array of cards available on the market, therefore it is absolutely required for you to look and examine the quality and features of a credit card before you choose one for you.
Barclays promises that the Rewards MasterCard will provide cardholders with extra rewards for the things they buy most every day. Let's take a look at whether or not the Barclays Rewards MasterCard lives up to its promises.
You should also realize that there are some pitfalls to paying off your student loan with a credit card.
There are times when unexpected expenses and situations result in unplanned costs. At these times, it's important to be prepared. And one way to be prepared is to make smart and careful use of a credit card.