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Credit Card and Debit Cards No Longer Have Automatic Overdraft and Over Limit Protection

Credit Card and Debit Cards No Longer Have Automatic Overdraft and Over Limit Protection

Tweet New Credit Card Law Puts a Hold on Over Limit Charges As you have probably heard by now, the CARD Act takes effect on February 22nd. Many of these changes are part of the law, but a lot of banks are also making voluntary changes to their programs. There are a lot of changes […]

Credit Cards and the Minimum Payment – Don’t Fall Into the Minimum Payment Trap

Credit Cards and the Minimum Payment – Don’t Fall Into the Minimum Payment Trap

Tweet To some, credit cards represent everything that is evil. It’s true that credit cards have done their fair share of damage to people’s finances, but they are also a useful tool. But what makes credit cards bad for most people is the minimum payment. That’s it. High interest rates don’t help, but it’s when […]

New Law Makes it Harder for Teens to Get a Credit Card Starting February 22, 2010

New Law Makes it Harder for Teens to Get a Credit Card Starting February 22, 2010

Tweet Good or Bad, The New Law Makes it Harder for Teens to Obtain Credit You may recall that back in May of 2009 the President signed into law the Credit Card Accountability, Responsibility and Disclosure Act of 2009, or CARD. This act was packed with all sorts of new credit card rules and regulations […]

Are You a Credit Card Junkie? Learn How to Kick the Habit

Are You a Credit Card Junkie? Learn How to Kick the Habit

Tweet Are you a credit junkie? Millions of Americans are, including our favorite relative, Uncle Sam. We usually think of junkies as drug addicts or drug peddlers, but a junkie is any person who derives inordinate pleasure from or who is dependent on something. For many people, that’s buying things with credit. In other words, […]

How to Break the Minimum Credit Card Payment Mindset

How to Break the Minimum Credit Card Payment Mindset

Tweet I’ve been spending a bit of time lately discussing credit cards and debt because it’s an important issue for many people. Unlike a lot of bloggers I’m not against credit cards completely. They are a financial tool just like any other. They can be a powerful tool when used correctly, but they can also […]

If You’re Going to Consolidate Debt Then You Have to Stop Using Credit

If You’re Going to Consolidate Debt Then You Have to Stop Using Credit

Tweet When it comes to paying off debt there’s one useful tool that can not only simplify your finances but also reduce the amount of interest you pay. Debt consolidation takes some or all of your small debts and combines them into one loan or line of credit. This results in just one payment and […]

Getting Off the Debt Treadmill – Stop Running In Place and Start Making Progress

Getting Off the Debt Treadmill – Stop Running In Place and Start Making Progress

Tweet This is a guest post by Trisha Wagner. Trisha is a freelance writer for DestroyDebt.com, a debt community featuring debt forums. Trisha writes regularly on the topics of getting out of debt and personal finance. Using a treadmill as part of your exercise regime can be a helpful tool in keeping your body active […]

FTC Creates Video PSA Spoofs of FreeCreditReport.com Commercials

FTC Creates Video PSA Spoofs of FreeCreditReport.com Commercials

Tweet If you watch any TV, you’ve probably seen these commercials from FreeCreditReport.com. They typically have a band and a guy singing a catchy jingle that tells a story about how he should have checked his free credit report. The commercials aren’t too bad, but there’s one big problem — the reports aren’t free if […]

Be on the Lookout for Fraudulent Credit and Debt Card Charges From ADELE SERVICES 800-764-8104 or GFDL

Be on the Lookout for Fraudulent Credit and Debt Card Charges From ADELE SERVICES 800-764-8104 or GFDL

Tweet If you have credit or debit cards, you may want to examine your recent activity. Numerous reports are popping up across the web with reports of very small purchases being made by Adele Services. Most of the reports are showing $0.10-$0.25 transactions occurring anywhere from mid-November through the last few days. On your bank […]

Read the Fine Print Before Signing Any Loan – You Might be Surprised at What’s in There

Read the Fine Print Before Signing Any Loan – You Might be Surprised at What’s in There

Tweet With the whole mortgage meltdown and ensuing credit crisis, there is plenty of blame to go around. Even with shady lenders, complex loans, and loose lending requirements, most of this could have been avoided if people took the time to read, and more importantly, understand what they were signing. Most people simply don’t want […]