Sworn off credit cards? It could hurt your credit
Up until age 40, Ian Levinson had credit.
"I had credit cards and I maintained perfect credit on credit cards for personal and business use," says Levinson, who owns Cloud House Pottery in Delray Beach, Fla.
Levinson, who grew up in Southern California, opened a new bank account after moving to Sedona, Ariz., in 2006.
He used a [...]
Before picking up the phone to ask for a credit limit increase...
Some people assume that a credit limit increase will hurt their credit score. Some people only request an increase when they have charged up to their limit, while others will contact their credit card company for an increase without giving it a second thought. There are many misconceptions about the reasons to ask for a [...]
How Cards Work , Tips
Can your credit card save you in an emergency?
Can your credit card be a financial lifesaver? You bet. In fact, there are myriad situations where your plastic can bail you out.
Whether it's using a card to pay for car repairs when out of town, or saving you from onerous merchandise warranty fees, your credit card can fix a financial problem -- and fast [...]
My credit card was stolen, but it's still in my wallet!
I am positive that I had a puzzled expression on my face as I looked at my online credit card statement. I was relatively certain that I hadn't bought Farmville credits for Facebook or registered for an online genealogy website. And I was positive that I hadn't recently purchased a pre-designed website. But what had [...]
ID Theft / Fraud
5 ways to get the best rate when traveling abroad
Your flight overseas has been booked for months, you drafted the perfect itinerary for your dream trip, and you have even brought your suitcase down from attic to start packing. But many travelers miss an important step in planning an overseas trip -- determining the most cost-effective way to pay for expenses and access cash [...]
In case of my death, is there anything out there that would pay off my loans and credit card debt?
The answer to your question really depends on your personal situation, and will require specific advice from an estate planning attorney. Although some credit card issuers offer payment protection plans, their benefits often apply to job loss or disability, not for death.
When you die, your estate becomes responsible for paying any debts outstanding to your [...]
How Cards Work , Credit Card Debt Help
Do you need a job for a credit card?
Ever since lawmakers passed the Credit CARD Act of 2009, regulators have required banks to only issue credit to borrowers with a demonstrated ability to repay. For most of us, that means reporting income from a job. However, thanks to a recent clarification of those rules, more Americans can qualify for credit cards, even without [...]
How Cards Work , Credit Card Approval
Co-signing a loan? Better be aware of the consequences
So you have excellent credit?
Good for you. A credit score of 700-and-above makes it easier and less expensive for you to buy a home, lease a car, start a business, or obtain any other type of financial credit.
But you can degrade or even ruin that credit -- or take a big hit in the pocketbook [...]
Danger ahead: 5 warning signs that won't show up on your credit report
Americans are obsessed with protecting our credit scores, and many of us will go to great length to keep that number as high as possible. But even financial behaviors that don't directly affect your credit score can be a red flag that you are headed towards serious financial issues.
Liz Weston, personal finance expert and author [...]
Benefits of credit cards for stay-at-home spouses
Just because you can get a credit card, should you?
It's a question that popped into my mind while reading about a recent rule change adopted by the Consumer Financial Protection Bureau. The new rule addresses a provision of the CARD Act that effectively blocked stay-at-house spouses from obtaining new credit cards. Under the act, credit [...]
How Cards Work , Credit Card Laws