10 Strategies to Keep Credit Card Spending at Bay during the Holiday Season

10 Strategies to Keep Credit Card Spending at Bay during the Holiday Season

The holidays are upon us and “must have” advertising is at its strongest. Many retailers 4th quarter business will determine if they have profits or losses for the year creating a marketing environment that is particularly aggressive. With the move to e-commerce, not only do you get bombarded with advertising and “buy me” from every store you pass, but also all across the web.

These enticing commercials are designed to weaken your resolve to stay on budget and cause you to overspend. Here are 10 effective strategies to keep your finances on track and eliminate the January hangover that occurs when impulse buying takes control over your holiday spending. Read more

Identifying Traps in Predatory Lending

Identifying Traps in Predatory Lending

Regardless of your credit there are companies that will offer you lending options. Lenders focus on profitability, over your personal financial wellbeing. When you face credit challenges, the number of lending offers that are predatory increase dramatically.   Read more

If You Lose Your Job

5 Immediate Strategies to Implement If You Lose Your Job

A job loss changes everything. Your financial security and emergency funds that have been saved are now at risk. The stress of how the bills will get paid is at the forefront of your mind. Unemployment no longer lasts 2 years and in some states, the time frame has been reduced to only 12 weeks. This means acting quickly and making sound financial decisions during this crisis can determine the length of time it takes your family to recover financially. Read more

Impact of Default Rates on the Cost of Credit

Impact of Default Rates on the Cost of Credit

It’s bad enough you have to pay 15% or more on credit card balances for goods and services you have long forgotten about. But, what happens when you get behind and are struggling to pay bills? Each late payment brings with it late fees of up to $40 per month. Then, if you get even further behind you might become subject to more punishment through the default interest rate. Read more