Top 8 Things to Know About Promotional Interest Rate Offers

Top 8 Things to Know About Promotional Interest Rate Offers

The irresistible 0% teaser rate offers from companies are common in advertising because they are an effective way to increase sales. They reel buyers in and entice you to spend more than you planned, because after all, “it’s free money.” Often these offers are encumbered with fine details and strings attached that can have you paying high rates of interest, instead of getting a bargain.

The CARD Act provides a range of consumer protections and addresses issues like capping interest rates and restricting fees to protect consumers from unfair practices. 0% promotions and deferred interest offers are not widely addressed in this legislation, leaving consumers to fend for themselves.

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Top 5 Myths About Life Insurance

Top 5 Myths About Life Insurance

The headlines frequently read, “Husband dies in a car crash leaving behind a wife and three young children.” Or, “Student killed in a head-on collision last night.”

Headlines like these are becoming common you barely take notice unless the event directly impacts your life. No one wants to bury a spouse or a child. When tragedies hit close to home, you try to make sense of the event. You wonder, “How will they survive”? During times of mourning, paying all the bills can get lost, yet they continue to pour into your mail box as if nothing has changed.

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How Divorce Impacts Wealth Building

How Divorce Impacts Wealth Building

Divorce is not conducive to building wealth. Wealth creation is exponential when couples stay together, and the downfall of a marriage can devastate couples financially for years to come. Recent studies have highlighted the financial benefits of marriage on wealth accumulation and found that divorce entails more than maintaining two households and dividing assets.

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Everything You Need to Know About Authorized Users

Everything You Need to Know About Authorized Users

Authorized user accounts are big business with credit card companies. Companies are able to extend their user base without finding new customers, simply by adding another person to an existing account. Customers enjoy the highest level of convenience, but, these accounts do not come free of risks. You may add an authorized user to virtually any credit card account that is open and active, but should you?

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Eliminate Banking Fees with A Few Simple Strategies

Eliminate Banking Fees with A Few Simple Strategies

For many, there is a love-hate relationship with banks. You love the convenience of parking your money in a safe place and the ability to pay bills conveniently. On the other hand, you hate the constant fees and surprise charges that can keep your finances off balance.

As regulators institute laws protecting consumers and regulating specific charges, banks look for other sources of income by changing their fee structure. For example, a decade ago nearly every bank offered free checking accounts because banks made millions from overdraft and over the limit fees. Now, new laws have reduced overdraft fees and nearly eliminated over the limit fees, in exchange nearly all checking accounts now come with maintenance fees and minimum balance requirements.

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