There are many ways to end up with credit card debt: medical bills, car repairs, education costs, overspending… Fortunately, there are also tried and true ways to avoid it. Here is a video on the 10 ways you can avoid credit card debt.
Debt collection is a serious and unfortunate financial reality facing many Americans. Whether you were unaware of a debt owed or simply unable to pay back your consumer debt, debt collection agencies may come knocking. If this happens to you, protect yourself by knowing the rules debt collection agencies must follow.
In the last few years, it seems like there are more and more cases of major credit card fraud. To reduce the risk of fraud and identity theft, three major credit card companies are moving forward in the US with a chipped credit card in October. Find out how this will affect you.
Each month we post a poll asking questions about a particular financial topic. For the month of May, the questions focused on consumers’ knowledge about credit reports and scores. Do you know your credit score? When was the last time you checked? Do different generations know more than others? Check out these and other interesting stats in the infographic. [...]
When making travel arrangements on a budget, every little bit of savings can feel like a victory. You want to put your money towards something fun like activities and souvenirs, not fees and insurance. It can be difficult to determine when travel insurance is worth it. Of course, it only winds up being useful when you need [...]
DEAR TALKING CENTS GUY, My credit is currently at 460. The only thing that I owe is a credit card in collections with a $500 limit, but it has a $2,600 balance making my credit utilization 530%. If I paid this off or settled, will it bring up my credit drastically? Maybe at least the 500′s? -TONY
Continuing the Choose Privacy Week theme, another great topic to cover is your phone. In addition to adjusting your privacy settings on social media, we think it’s important to be just as safe with your mobile device, something many people need and use constantly throughout the day to handle important tasks. Here are some tips to [...]
Credit card debt can stem from both needs and wants. If you struggle to manage your credit cards or currently have credit card debt, try this month’s challenge. Put down all your credit cards and learn how you can eliminate your credit card debt.
In conjunction with Financial Literacy Month, affiliates across the country will be recognizing National Teach Kids To Save Day tomorrow. Did you know that only six states require high school students to be tested on personal finance? We can all agree on the importance of financial education for children and adults alike, after all, our nation’s economic future [...]
Did you know that April is National Credit Union Youth Month? In conjunction with this month’s Financial Literacy, this year’s ‘Wild About Saving‘ theme encourages our youth to start thinking about their financial future. You may find local credit unions offering deals when opening a new account and other community outreach events to educate young people. [...]